Azure Power Global Limited

OTCPK:AZRE.F Stock Report

Market Cap: US$64.2m

Azure Power Global Valuation

Is AZRE.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of AZRE.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate AZRE.F's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate AZRE.F's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AZRE.F?

Key metric: As AZRE.F is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for AZRE.F. This is calculated by dividing AZRE.F's market cap by their current revenue.
What is AZRE.F's PS Ratio?
PS Ratio0.3x
Sales₹21.31b
Market Cap₹5.56b

Price to Sales Ratio vs Peers

How does AZRE.F's PS Ratio compare to its peers?

The above table shows the PS ratio for AZRE.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.3x
ELLO Ellomay Capital
5.2xn/aUS$217.3m
SPRU Spruce Power Holding
0.6x4.2%US$47.1m
NOVA Sunnova Energy International
0.3x15.5%US$237.4m
MNTK Montauk Renewables
3.3x16.3%US$634.8m
AZRE.F Azure Power Global
0.3xn/aUS$64.2m

Price-To-Sales vs Peers: AZRE.F is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (2.3x).

Price to Sales Ratio vs Industry

How does AZRE.F's PS Ratio compare vs other companies in the US Renewable Energy Industry?

4 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.2.4x8.0%
AZRE.F Azure Power Global
 0.3xn/aUS$64.17m
AES AES
0.6x4.1%US$7.06b
NOVA Sunnova Energy International
0.3x15.5%US$237.41m
AZRE.F 0.3xIndustry Avg. 2.4xNo. of Companies4PS02.44.87.29.612+
4 CompaniesEstimated GrowthMarket Cap
Industry Avg.2.4x4.9%
AZRE.F Azure Power Global
 0.3xn/aUS$64.17m
No more companies

Price-To-Sales vs Industry: AZRE.F is good value based on its Price-To-Sales Ratio (0.3x) compared to the North American Renewable Energy industry average (2.4x).

Price to Sales Ratio vs Fair Ratio

What is AZRE.F's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AZRE.F PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.3x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate AZRE.F's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/16 09:30
End of Day Share Price 2025/02/14 00:00
Earnings2024/03/31
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Azure Power Global Limited is covered by 9 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Moses SuttonBarclays
Moses SuttonBarclays
Michael WeinsteinCredit Suisse