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Pattern Energy Group

Nasdaq:PEGI
Snowflake Description

Slightly overvalued with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PEGI
Nasdaq
$2B
Market Cap
  1. Home
  2. US
  3. Utilities
Company description

Pattern Energy Group Inc. operates as an integrated renewable energy company. The last earnings update was 6 days ago. More info.


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PEGI Share Price and Events
7 Day Returns
-1.9%
NasdaqGS:PEGI
-4.1%
US Renewable Energy
-3.9%
US Market
1 Year Returns
24.5%
NasdaqGS:PEGI
10.9%
US Renewable Energy
1.4%
US Market
PEGI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pattern Energy Group (PEGI) -1.9% -4.6% 3.5% 24.5% 5.4% -26%
US Renewable Energy -4.1% -5.4% -0.8% 10.9% 31% 3.7%
US Market -3.9% -3.6% 1.8% 1.4% 35.8% 40.8%
1 Year Return vs Industry and Market
  • PEGI outperformed the Renewable Energy industry which returned 10.9% over the past year.
  • PEGI outperformed the Market in United States of America which returned 1.4% over the past year.
Price Volatility
PEGI
Industry
5yr Volatility vs Market

PEGI Value

 Is Pattern Energy Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Pattern Energy Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Pattern Energy Group.

NasdaqGS:PEGI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:PEGI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Renewable Energy Unlevered Beta Simply Wall St/ S&P Global 0.43
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.43 (1 + (1- 21%) (116.29%))
0.883
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.88
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.883 * 5.96%)
7.99%

Discounted Cash Flow Calculation for NasdaqGS:PEGI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Pattern Energy Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:PEGI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.99%)
2019 508.80 Analyst x1 471.14
2020 322.63 Analyst x4 276.64
2021 377.50 Analyst x2 299.73
2022 355.00 Analyst x1 261.01
2023 316.00 Analyst x1 215.14
2024 315.85 Est @ -0.05% 199.12
2025 318.33 Est @ 0.79% 185.83
2026 322.69 Est @ 1.37% 174.43
2027 328.43 Est @ 1.78% 164.40
2028 335.21 Est @ 2.06% 155.37
Present value of next 10 years cash flows $2,402.80
NasdaqGS:PEGI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $335.21 × (1 + 2.73%) ÷ (7.99% – 2.73%)
$6,543.25
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $6,543.25 ÷ (1 + 7.99%)10
$3,032.81
NasdaqGS:PEGI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,402.80 + $3,032.81
$5,435.62
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $5,435.62 / 98.50
$55.18
NasdaqGS:PEGI Discount to Share Price
Calculation Result
Value per share (USD) From above. $55.18
Current discount Discount to share price of $21.72
= -1 x ($21.72 - $55.18) / $55.18
60.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Pattern Energy Group is available for.
Intrinsic value
>50%
Share price is $21.72 vs Future cash flow value of $55.18
Current Discount Checks
For Pattern Energy Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Pattern Energy Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Pattern Energy Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Pattern Energy Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pattern Energy Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:PEGI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.25
NasdaqGS:PEGI Share Price ** NasdaqGS (2019-05-15) in USD $21.72
United States of America Renewable Energy Industry PE Ratio Median Figure of 8 Publicly-Listed Renewable Energy Companies 56.25x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.79x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Pattern Energy Group.

NasdaqGS:PEGI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:PEGI Share Price ÷ EPS (both in USD)

= 21.72 ÷ -0.25

-88.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pattern Energy Group is loss making, we can't compare its value to the US Renewable Energy industry average.
  • Pattern Energy Group is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Pattern Energy Group's expected growth come at a high price?
Raw Data
NasdaqGS:PEGI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -88.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
16.4%per year
United States of America Renewable Energy Industry PEG Ratio Median Figure of 6 Publicly-Listed Renewable Energy Companies 1.91x
United States of America Market PEG Ratio Median Figure of 2,113 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Pattern Energy Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Pattern Energy Group's assets?
Raw Data
NasdaqGS:PEGI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $9.73
NasdaqGS:PEGI Share Price * NasdaqGS (2019-05-15) in USD $21.72
United States of America Renewable Energy Industry PB Ratio Median Figure of 15 Publicly-Listed Renewable Energy Companies 1.4x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
NasdaqGS:PEGI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:PEGI Share Price ÷ Book Value per Share (both in USD)

= 21.72 ÷ 9.73

2.23x

* Primary Listing of Pattern Energy Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pattern Energy Group is overvalued based on assets compared to the US Renewable Energy industry average.
X
Value checks
We assess Pattern Energy Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Renewable Energy industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Renewable Energy industry average (and greater than 0)? (1 check)
  5. Pattern Energy Group has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PEGI Future Performance

 How is Pattern Energy Group expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pattern Energy Group expected to grow at an attractive rate?
  • Pattern Energy Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Pattern Energy Group's earnings growth is expected to exceed the United States of America market average.
  • Pattern Energy Group's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:PEGI Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:PEGI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 16.4%
NasdaqGS:PEGI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 6.3%
United States of America Renewable Energy Industry Earnings Growth Rate Market Cap Weighted Average 23.5%
United States of America Renewable Energy Industry Revenue Growth Rate Market Cap Weighted Average -0.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:PEGI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:PEGI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 670 325 35 2
2022-12-31 660 316 24 2
2021-12-31 622 305 -17 6
2020-12-31 582 290 95 11
2019-12-31 536 225 -4 10
NasdaqGS:PEGI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 496 259 -24
2018-12-31 473 279 142
2018-09-30 478 289 148
2018-06-30 453 185 131
2018-03-31 421 202 112
2017-12-31 410 218 -18
2017-09-30 381 216 4
2017-06-30 380 251 30
2017-03-31 366 193 12
2016-12-31 352 164 -17
2016-09-30 361 142 -29
2016-06-30 359 139 -54

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Pattern Energy Group's earnings are expected to grow by 16.4% yearly, however this is not considered high growth (20% yearly).
  • Pattern Energy Group's revenue is expected to grow by 6.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:PEGI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Pattern Energy Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:PEGI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.31 0.31 0.31 1.00
2022-12-31 0.22 0.22 0.22 1.00
2021-12-31 -0.21 0.71 -0.84 5.00
2020-12-31 0.92 1.69 0.46 4.00
2019-12-31 -0.05 1.37 -1.02 9.00
NasdaqGS:PEGI Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.25
2018-12-31 1.46
2018-09-30 1.53
2018-06-30 1.39
2018-03-31 1.22
2017-12-31 -0.20
2017-09-30 0.04
2017-06-30 0.35
2017-03-31 0.15
2016-12-31 -0.21
2016-09-30 -0.37
2016-06-30 -0.73

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Pattern Energy Group will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess Pattern Energy Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Pattern Energy Group has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PEGI Past Performance

  How has Pattern Energy Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Pattern Energy Group's growth in the last year to its industry (Renewable Energy).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Pattern Energy Group does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Pattern Energy Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Pattern Energy Group's 1-year growth to the North America Renewable Energy industry average as it is not currently profitable.
Earnings and Revenue History
Pattern Energy Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Pattern Energy Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:PEGI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 496.00 -24.00 55.00
2018-12-31 473.00 142.00 55.00
2018-09-30 478.27 148.07 51.78
2018-06-30 452.50 130.85 50.85
2018-03-31 421.34 112.37 53.45
2017-12-31 410.00 -18.00 53.00
2017-09-30 380.58 3.75 53.15
2017-06-30 380.39 29.58 53.65
2017-03-31 365.57 12.15 49.49
2016-12-31 352.00 -17.00 45.00
2016-09-30 361.11 -28.52 44.58
2016-06-30 358.82 -53.90 40.53
2016-03-31 349.87 -36.35 39.83
2015-12-31 327.92 -32.57 34.73
2015-09-30 309.36 -55.38 35.83
2015-06-30 285.27 -33.18 33.99
2015-03-31 268.53 -36.30 31.17
2014-12-31 257.99 -31.29 28.32
2014-09-30 229.69 -54.37 23.58
2014-06-30 202.72 -46.17 20.13
2014-03-31 183.33 -13.02 15.37
2013-12-31 179.71 -13.34 12.99
2013-09-30 160.67 26.83 12.82 0.17
2013-06-30 144.81 16.41 11.91 0.17
2013-03-31 122.13 -24.71 11.64 0.17
2012-12-31 101.84 -6.29 11.46 0.17

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Pattern Energy Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Pattern Energy Group used its assets less efficiently than the US Renewable Energy industry average last year based on Return on Assets.
  • It is difficult to establish if Pattern Energy Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Pattern Energy Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Renewable Energy industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Pattern Energy Group has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PEGI Health

 How is Pattern Energy Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Pattern Energy Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pattern Energy Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Pattern Energy Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Pattern Energy Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Pattern Energy Group Company Filings, last reported 1 month ago.

NasdaqGS:PEGI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 2,044.00 2,488.00 93.00
2018-12-31 2,159.00 2,314.00 101.00
2018-09-30 2,184.57 2,394.73 126.31
2018-06-30 2,233.69 2,211.36 116.73
2018-03-31 2,294.77 2,466.11 162.21
2017-12-31 2,348.00 1,957.00 117.00
2017-09-30 2,148.84 2,212.30 91.06
2017-06-30 2,127.71 1,860.47 162.60
2017-03-31 1,848.23 1,753.32 244.68
2016-12-31 1,878.74 1,599.72 83.93
2016-09-30 1,884.22 1,507.28 65.73
2016-06-30 1,645.53 1,828.55 87.64
2016-03-31 1,701.86 1,845.75 90.62
2015-12-31 1,775.76 1,813.89 94.81
2015-09-30 1,664.51 1,898.18 103.20
2015-06-30 1,532.03 1,998.64 82.94
2015-03-31 1,296.61 1,482.06 243.33
2014-12-31 1,164.73 1,497.63 101.66
2014-09-30 1,018.28 1,437.31 230.66
2014-06-30 1,043.83 1,465.71 234.04
2014-03-31 521.49 1,258.81 100.34
2013-12-31 568.00 1,272.83 103.57
2013-09-30 569.68 1,347.81 149.09
2013-06-30 564.87 1,399.67 41.77
2013-03-31 589.41 1,339.36 17.57
2012-12-31 589.41 1,339.36 17.57
  • Pattern Energy Group's level of debt (121.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (239.2% vs 121.7% today).
  • Debt is not well covered by operating cash flow (10.4%, less than 20% of total debt).
  • Pattern Energy Group is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Pattern Energy Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Pattern Energy Group has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PEGI Dividends

 What is Pattern Energy Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.77%
Current annual income from Pattern Energy Group dividends. Estimated to be 7.87% next year.
If you bought $2,000 of Pattern Energy Group shares you are expected to receive $155 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Pattern Energy Group's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • Pattern Energy Group's dividend is above the markets top 25% of dividend payers in United States of America (3.71%).
Upcoming dividend payment

Purchase Pattern Energy Group before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:PEGI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
United States of America Renewable Energy Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 3.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1997 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:PEGI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 1.76 2.00
2022-12-31 1.75 2.00
2021-12-31 1.74 6.00
2020-12-31 1.71 12.00
2019-12-31 1.69 12.00
NasdaqGS:PEGI Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-01 1.688 7.666
2018-08-09 1.688 8.505
2018-05-10 1.688 9.156
2018-03-01 1.688 9.475
2017-11-09 1.688 8.128
2017-08-08 1.680 6.906
2017-05-09 1.672 7.087
2017-03-01 1.655 7.977
2016-11-08 1.632 8.277
2016-11-07 1.632 7.783
2016-08-05 1.600 6.956
2016-05-09 1.560 7.006
2016-02-29 1.524 7.901
2015-11-05 1.488 8.070
2015-08-10 1.452 6.604
2015-05-07 1.408 5.140
2015-03-02 1.368 4.769
2014-10-31 1.340 4.966
2014-08-12 1.312 4.337
2014-05-02 1.288 4.164
2014-02-28 1.250 4.532

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Pattern Energy Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Pattern Energy Group only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Pattern Energy Group's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.5x coverage).
X
Income/ dividend checks
We assess Pattern Energy Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Pattern Energy Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pattern Energy Group has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PEGI Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mike Garland
COMPENSATION $2,087,492
AGE 67
TENURE AS CEO 6.6 years
CEO Bio

Mr. Michael M. Garland, also known as Mike, serves as the Chief Executive Officer at Pattern Energy Group LP and Pattern Renewable Holdings Canada ULC. Mr. Garland has been President of Pattern Renewable Holdings Canada ULC. Mr. Garland had been President of Pattern Energy Group LP until 2019. He also serves as the Non- Executive Director at SteelRiver Infrastructure Partners LP. Mr. Garland has been the Chief Executive Officer of Pattern Energy Group Inc. since October 2012 and served as its President from October 2012 to April 1, 2019. He Co-founded Pattern Energy Group. Mr. Garland served as the Head of United States Infrastructure at Babcock & Brown Holdings Inc., and Regional Head of Infrastructure of North America at Babcock & Brown Limited. He has managed the United States infrastructure and project finance team. He joined Babcock & Brown in 1986 as Partner and served until 2009. He has over 25 years of experience developing, constructing, managing and investing in infrastructure in the US and around the world. He served as a Chief of energy assessments from 1975 to 1986 and Director of the State of California energy assessments office and was responsible for the implementation of the state government's environmental and energy policies. He also coordinated and oversaw the design, construction, financing and operation of the California State energy facilities. He serves as Regular Director at American Wind Energy Association. He has been a Director of Pattern Energy Group Inc. since October 2012 and Advanced Energy Economy since January 4, 2016. His experience includes creating and advising on government privatizations, transactions in the energy, transport and water sectors. Mr. Garland is a registered representative of NASD, Inc. He holds a Bachelor of Arts in Physics from the University of California.

CEO Compensation
  • Mike's compensation has increased whilst company is loss making.
  • Mike's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Pattern Energy Group management team in years:

2.8
Average Tenure
52.5
Average Age
  • The tenure for the Pattern Energy Group management team is about average.
Management Team

Mike Garland

TITLE
CEO & Director
COMPENSATION
$2M
AGE
67
TENURE
6.6 yrs

Michael Lyon

TITLE
President
COMPENSATION
$1M
AGE
59
TENURE
0.1 yrs

Esben Pedersen

TITLE
Chief Financial Officer
COMPENSATION
$1M
AGE
45
TENURE
0.1 yrs

Daniel Elkort

TITLE
Executive VP
COMPENSATION
$1M
AGE
60
TENURE
5.8 yrs

Hunter Armistead

TITLE
President of Pattern Development & Executive VP of Business Development
COMPENSATION
$1M
AGE
49
TENURE
5.8 yrs

Christopher Shugart

TITLE
Senior Vice President of Corporate Operations
AGE
46
TENURE
5.8 yrs

Richard Ostberg

TITLE
Senior VP & Chief Accounting Officer
AGE
52
TENURE
0.1 yrs

Sarah Webster

TITLE
Vice President of Investor Relations & Government Relations

Debbie McAdam

TITLE
Vice President of Human Resources
TENURE
1.3 yrs

Kevin Devlin

TITLE
Senior Vice President of Project Operations
AGE
53
TENURE
2.8 yrs
Board of Directors Tenure

Average tenure and age of the Pattern Energy Group board of directors in years:

5.6
Average Tenure
68
Average Age
  • The tenure for the Pattern Energy Group board of directors is about average.
Board of Directors

Alan Batkin

TITLE
Chairman of the Board
COMPENSATION
$266K
AGE
73
TENURE
5.6 yrs

Mike Garland

TITLE
CEO & Director
COMPENSATION
$2M
AGE
67
TENURE
6.6 yrs

Patricia Newson

TITLE
Director
COMPENSATION
$152K
AGE
61
TENURE
5.6 yrs

Doug Hall

TITLE
Director
COMPENSATION
$164K
AGE
68
TENURE
5.6 yrs

Lord Browne of Madingley Browne

TITLE
Director
COMPENSATION
$132K
AGE
70
TENURE
5.6 yrs

Richard Goodman

TITLE
Director
AGE
70
TENURE
0.4 yrs

Mona Sutphen

TITLE
Director
AGE
50
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • Pattern Energy Group insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
18. Mar 19 Sell Kevin Devlin Individual 19. Feb 19 19. Feb 19 -2,943 $21.13 $-62,189
09. Jul 18 Sell Pattern Energy Group Holdings LP Company 23. May 18 06. Jul 18 -1,302,600 $19.28 $-25,120,250
23. May 18 Sell Pattern Energy Group Holdings LP Company 01. May 18 22. May 18 -748,600 $18.73 $-13,562,460
X
Management checks
We assess Pattern Energy Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Pattern Energy Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PEGI News

Simply Wall St News

Why Did These Investors Just Divested From Pattern Energy Group Inc (NASDAQ:PEGI)?

Pattern Energy Group Inc., an independent power company, focuses on the construction, ownership, and operation of various power projects in the United States, Canada, and Chile. … Pattern Energy Group's insiders have divested from. … Generally, insiders selling shares in their own firm sends a bearish signal

Simply Wall St -

Is Pattern Energy Group Inc (NASDAQ:PEGI) Attractive At This PE Ratio?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … Pattern Energy Group Inc (NASDAQ:PEGI) is currently trading at a trailing P/E of 15.1x, which is lower than the industry average of 16.3x. … Check out our latest analysis for Pattern Energy Group

Simply Wall St -

At US$19.33, Is It Time To Buy Pattern Energy Group Inc (NASDAQ:PEGI)?

Pattern Energy Group Inc (NASDAQ:PEGI), a renewable energy company based in United States,. … With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … Let’s examine Pattern Energy Group’s valuation and outlook in more detail to determine if there’s still a bargain opportunity

Simply Wall St -

Pattern Energy Group Inc (NASDAQ:PEGI): Ex-Dividend Is In 2 Days, Should You Buy?

If you are interested in cashing in on Pattern Energy Group Inc's (NASDAQ:PEGI) upcoming dividend of US$0.42 per share, you only have 2 days left to buy the shares before its ex-dividend date, 28 June 2018, in time for dividends payable on the 31 July 2018. … Is this future income a persuasive enough catalyst for investors to think about Pattern Energy Group as an investment today? … See our latest analysis for Pattern Energy Group

Simply Wall St -

Pattern Energy Group Inc (NASDAQ:PEGI): What Is Driving Earnings Margins?

Pattern Energy Group Inc's (NASDAQ:PEGI) … gloomy vision for earnings in the future … decline of -22.50% annualised

Simply Wall St -

Is It Time To Buy Pattern Energy Group Inc (NASDAQ:PEGI)?

Pattern Energy Group Inc (NASDAQ:PEGI), a renewable energy company based in United States, saw significant share price volatility over the past couple of months on the NasdaqGS, rising to the highs of $19.28 and falling to the lows of $16.95. … Let’s take a look at Pattern Energy Group’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. … What’s more interesting is that, Pattern Energy Group’s share price is quite volatile, which gives us more chances to buy since the share price could sink lower (or rise higher) in the future.

Simply Wall St -

Positive Sentiment Around Pattern Energy Group Inc (NASDAQ:PEGI) Is Justified

Two major red flags for PEGI are its high level of debt at 0.83x equity, and its low level of cash generated from its core operating activities, covering a mere 11.12% of debt. … PEGI has high near term liquidity, with short term assets (cash and other liquid assets) amply covering upcoming one-year liabilities. … PEGI is now trading at US$17.90 per share.

Simply Wall St -

What Should Investors Know About Pattern Energy Group Inc's (NASDAQ:PEGI) Future Margins?

To get some insight, I will try to evaluate Pattern Energy Group's margin behaviour to help recognise the underlying make-up of revenue and expenses that is responsible for driving future earnings expectations and what it means for PEGI's returns relative to its competitors. … Margin Calculation for PEGI Profit Margin = Net Income ÷ Revenue ∴ Profit Margin = 3.75 Million ÷ 380.58 Million = 0.99% Pattern Energy Group's margin has contracted in the past five years, as a result of postive average revenue growth of 22.87% and decline in net income of -5.90% on average, indicating that that a smaller percentage of revenue is being converted in to net income despite the top line growth. … Thus, it is essential to run your own analysis on Pattern Energy Group's future earnings whilst maintaining a watchful eye over the sustainability of their cost management methods and the runway for top line growth.

Simply Wall St -

How Financially Strong Is Pattern Energy Group Inc (PEGI)?

In the case of PEGI, the debt-to-equity ratio is 87.44%, which means, while the company’s debt could pose a problem for its earnings stability, it is not at an alarmingly high level yet. … Can PEGI meet its short-term obligations with the cash in hand? … PEGI’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

Simply Wall St -

PEGI Company Info

Description

Pattern Energy Group Inc. operates as an integrated renewable energy company. The company operates in two segments, Operating Business and Development Business. The Operating Business segment holds interest in 24 renewable energy projects with an operating capacity that totals approximately 4 gigawatts located in the United States, Canada, and Japan. The Development Business segment develops and sells renewable energy projects focusing on wind, solar, storage, and transmission primarily in the United States, Canada, Japan,and Mexico. Pattern Energy Group Inc. sells electricity and renewable energy credits primarily to local utilities and local liquid independent system organizations markets. The company was founded in 2012 and is headquartered in San Francisco, California.

Details
Name: Pattern Energy Group Inc.
PEGI
Exchange: NasdaqGS
Founded: 2012
$2,139,400,734
98,499,113
Website: http://www.patternenergy.com
Address: Pattern Energy Group Inc.
1088 Sansome Street,
San Francisco,
California, 94111,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS PEGI Class A Common Stock Nasdaq Global Select US USD 27. Sep 2013
DB P92A Class A Common Stock Deutsche Boerse AG DE EUR 27. Sep 2013
TSX PEGI Class A Common Stock The Toronto Stock Exchange CA CAD 27. Sep 2013
Number of employees
Current staff
Staff numbers
209
Pattern Energy Group employees.
Industry
Renewable Electricity
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/16 02:35
End of day share price update: 2019/05/15 00:00
Last estimates confirmation: 2019/05/13
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.