RNW Stock Overview
ReNew Energy Global plc generates power through non-conventional and renewable energy sources in India.
No risks detected for RNW from our risk checks.
ReNew Energy Global Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$6.73|
|52 Week High||US$12.30|
|52 Week Low||US$5.06|
|1 Month Change||-10.39%|
|3 Month Change||-12.14%|
|1 Year Change||-31.88%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||n/a|
Recent News & Updates
ReNew: Value-Growth Mix But Not A Buy Yet
The Indian renewables market as a huge long-term tailwind for the company and industry as a whole. ReNew has a market-leading position with a strategic end-to-end integration plan to boost the top line and cut supply risks. However, high financing cost continues to hinder its profitability prospect. There is a lack of catalysts to be a good ‘buy’ for now despite relative valuation showing positive signs.
ReNew Energy Global's (NASDAQ:RNW) Returns On Capital Are Heading Higher
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
|RNW||US Renewable Energy||US Market|
Return vs Industry: RNW underperformed the US Renewable Energy industry which returned -4.7% over the past year.
Return vs Market: RNW underperformed the US Market which returned -12.9% over the past year.
|RNW Average Weekly Movement||8.3%|
|Renewable Energy Industry Average Movement||9.2%|
|Market Average Movement||7.8%|
|10% most volatile stocks in US Market||16.8%|
|10% least volatile stocks in US Market||2.9%|
Stable Share Price: RNW is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: RNW's weekly volatility (8%) has been stable over the past year.
About the Company
ReNew Energy Global plc generates power through non-conventional and renewable energy sources in India. It operates through Wind Power and Solar Power segments. It develops, builds, owns, and operates utility scale wind and solar energy, as well as distributed solar energy projects that generate energy for commercial and industrial customers.
ReNew Energy Global Fundamentals Summary
|RNW fundamental statistics|
Is RNW overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|RNW income statement (TTM)|
|Cost of Revenue||₹417.00m|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
|Earnings per share (EPS)||-40.66|
|Net Profit Margin||-29.47%|
How did RNW perform over the long term?See historical performance and comparison
Is ReNew Energy Global undervalued compared to its fair value and its price relative to the market?
Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: RNW ($6.73) is trading below our estimate of fair value ($39.59)
Significantly Below Fair Value: RNW is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: RNW is unprofitable, so we can't compare its PE Ratio to the US Renewable Energy industry average.
PE vs Market: RNW is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate RNW's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: RNW is good value based on its PB Ratio (1.7x) compared to the US Renewable Energy industry average (2.4x).
How is ReNew Energy Global forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RNW is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).
Earnings vs Market: RNW is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: RNW's is expected to become profitable in the next 3 years.
Revenue vs Market: RNW's revenue (19.7% per year) is forecast to grow faster than the US market (7.8% per year).
High Growth Revenue: RNW's revenue (19.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RNW's Return on Equity is forecast to be low in 3 years time (8.1%).
How has ReNew Energy Global performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RNW is currently unprofitable.
Growing Profit Margin: RNW is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: RNW is unprofitable, and losses have increased over the past 5 years at a rate of 75.1% per year.
Accelerating Growth: Unable to compare RNW's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: RNW is unprofitable, making it difficult to compare its past year earnings growth to the Renewable Energy industry (-12.6%).
Return on Equity
High ROE: RNW has a negative Return on Equity (-12.92%), as it is currently unprofitable.
How is ReNew Energy Global's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: RNW's short term assets (₹130.8B) exceed its short term liabilities (₹108.3B).
Long Term Liabilities: RNW's short term assets (₹130.8B) do not cover its long term liabilities (₹379.2B).
Debt to Equity History and Analysis
Debt Level: RNW's net debt to equity ratio (289.6%) is considered high.
Reducing Debt: RNW's debt to equity ratio has increased from 203.3% to 336.1% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: RNW has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if RNW has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is ReNew Energy Global current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate RNW's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate RNW's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if RNW's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if RNW's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as RNW has not reported any payouts.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Sumant Sinha (55 yo)
Mr. Sumant Sinha serves as Chief Executive Officer at ReNew Energy Global plc since August 2021. He had been Managing Director of ReNew Energy Global plc (formerly ReNew Power Ltd) since 2018 until August...
Experienced Management: RNW's management team is considered experienced (2.6 years average tenure).
Experienced Board: RNW's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.
ReNew Energy Global plc's employee growth, exchange listings and data sources
- Name: ReNew Energy Global plc
- Ticker: RNW
- Exchange: NasdaqGS
- Founded: 2011
- Industry: Renewable Electricity
- Sector: Utilities
- Implied Market Cap: US$2.697b
- Shares outstanding: 400.80m
- Website: https://www.renewpower.in
Number of Employees
- ReNew Energy Global plc
- Commercial Block-1
- Golf Course Road
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/21 00:00|
|End of Day Share Price||2022/05/20 00:00|
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.