Renewables Infrastructure Group Valuation

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

RWFR.F ($1.1) is trading below our estimate of [[fair value]] ($3.13)

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

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: RWFR.F ($1.1) is trading below our estimate of fair value ($3.13)

Significantly Below Fair Value: RWFR.F is trading below fair value by more than 20%.

Key Valuation Metric

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

Key metric: As RWFR.F is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for RWFR.F. This is calculated by dividing RWFR.F's market cap by their current book value.
What is RWFR.F's PB Ratio?
PB Ratio	0.8x
Book	UK£3.17b
Market Cap	UK£2.52b

RWFR.F key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	-103.6x
Enterprise Value/EBITDA	n/a
PEG Ratio	8.5x

Price to Book Ratio vs Peers

How does RWFR.F's PB Ratio compare to its peers?

Insufficient data to calculate this valuation analysis check

The above table shows the PB ratio for RWFR.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PB	Estimated Growth	Market Cap
Peer Average	n/a
RWFR.F Renewables Infrastructure Group	0.8x	51.4%	US$2.5b

Price-To-Book vs Peers: Insufficient data to calculate RWFR.F's Price-To-Book Ratio vs. peers for valuation analysis.

Price to Book Ratio vs Industry

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

2 Companies	Price / Book	Estimated Growth	Market Cap
AZRE.F Azure Power Global	0.05x	n/a	US$19.25m
ETRX.F Etrion	0.005x	n/a	US$334.00

No more companies available in this PB range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: RWFR.F is good value based on its Price-To-Book Ratio (0.8x) compared to the North American Renewable Energy industry average (1.6x).

Price to Book Ratio vs Fair Ratio

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

RWFR.F PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	0.8x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate RWFR.F's Price-To-Book 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.

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