BIT:REN

Stock Analysis Report

Executive Summary

Renergetica S.p.A., a smart energy company, provides a suite of development, engineering, and asset management services for renewable energy plants and energy storage solutions in Italy and internationally.

Snowflake

Fundamentals

Exceptional growth potential with mediocre balance sheet.

Share Price & News

How has Renergetica's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

REN

0.1%

IT Renewable Energy

1.4%

IT Market


1 Year Return

140.0%

REN

14.9%

IT Renewable Energy

9.9%

IT Market

Return vs Industry: REN exceeded the Italian Renewable Energy industry which returned 14.9% over the past year.

Return vs Market: REN exceeded the Italian Market which returned 9.9% over the past year.


Shareholder returns

RENIndustryMarket
7 Day0%0.1%1.4%
30 Day5.3%0.1%-0.8%
90 Day-6.0%-4.1%-1.5%
1 Year140.0%140.0%16.7%14.9%14.7%9.9%
3 Yearn/a66.5%59.0%30.7%12.6%
5 Yearn/a50.0%40.3%25.6%-24.1%

Price Volatility Vs. Market

How volatile is Renergetica's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Renergetica undervalued compared to its fair value and its price relative to the market?

36.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: REN (€3.6) is trading below our estimate of fair value (€5.66)

Significantly Undervalued: REN is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: REN is poor value based on its PE Ratio (31.2x) compared to the Renewable Energy industry average (28.5x).

PE vs Market: REN is poor value based on its PE Ratio (31.2x) compared to the Italian market (17x).


Price to Earnings Growth Ratio

Low PEG Ratio: REN is poor value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: REN is overvalued based on its PB Ratio (5.1x) compared to the IT Renewable Energy industry average (1.6x).


Next Steps

Future Growth

How is Renergetica forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

30.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: REN's forecast earnings growth (30.7% per year) is above the savings rate (2.9%).

Earnings vs Market: REN's earnings (30.7% per year) are forecast to grow faster than the Italian market (8.7% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: REN's revenue (27.6% per year) is forecast to grow faster than the Italian market (3.1% per year).

High Growth Revenue: REN's revenue (27.6% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: REN's Return on Equity is forecast to be very high in 3 years time (49.4%).


Next Steps

Past Performance

How has Renergetica performed over the past 5 years?

488.9%

Last years earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if REN's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare REN's past year earnings growth to its 5-year average.

Earnings vs Industry: REN earnings growth over the past year (488.9%) exceeded the Renewable Energy industry 32.1%.


Return on Equity

High ROE: REN's Return on Equity (17.8%) is considered low.


Return on Assets

ROA vs Industry: REN has a higher Return on Assets than the Renewable Energy industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate REN's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Renergetica's financial position?


Financial Position Analysis

Short Term Liabilities: REN's short term assets (€8.0M) exceeds its short term liabilities (€7.3M)

Long Term Liabilities: REN's short term assets (8.0M) exceeds its long term liabilities (5.1M)


Debt to Equity History and Analysis

Debt Level: REN's debt to equity ratio (171.4%) is considered high

Reducing Debt: Insufficient data to determine if REN's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: REN's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: REN's interest payments on its debt are well covered by EBIT (4.5x coverage).


Balance Sheet

Inventory Level: REN has a high level of physical assets or inventory.

Debt Coverage by Assets: REN's debt is not covered by short term assets (assets are 0.9x debt).


Next Steps

Dividend

What is Renergetica's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.1%markettop25%4.4%industryaverage3.4%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate REN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate REN's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if REN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if REN's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of REN's dividend in 3 years as they are not forecast to pay a notable one for the Italian market.


Next Steps

Management

What is the CEO of Renergetica's salary, the management and board of directors tenure and is there insider trading?


CEO

Renergetica has no CEO, or we have no data on them.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Buy€3,52609 Sep 19
Redelfi Societa A Responsabilita' Limitata - Siglabile Redelfi S.R.L.
EntityCompany
Shares1,000
Max Price€3.55

Ownership Breakdown


Management Team


    Board Members

      Company Information

      Renergetica S.p.A.'s company bio, employee growth, exchange listings and data sources


      Key Information

      • Name: Renergetica S.p.A.
      • Ticker: REN
      • Exchange: BIT
      • Founded: 2008
      • Industry: Renewable Electricity
      • Sector: Utilities
      • Market Cap: €26.464m
      • Shares outstanding: 7.35m
      • Website: https://www.renergetica.com

      Location

      • Renergetica S.p.A.
      • Torre I Gemelli
      • 12 piano
      • Genova
      • Genoa
      • 16149
      • Italy

      Listings

      TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
      RENBIT (Borsa Italiana)YesShare CapitalITEURAug 2018

      Biography

      Renergetica S.p.A., a smart energy company, provides a suite of development, engineering, and asset management services for renewable energy plants and energy storage solutions in Italy and internationally ...


      Company Analysis and Financial Data Status

      All financial data provided by Standard & Poor's Capital IQ.
      DataLast Updated (UTC time)
      Company Analysis2019/10/14 22:07
      End of Day Share Price2019/10/14 00:00
      Earnings2018/12/31
      Annual Earnings2018/12/31


      Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.