THE RENEWABLES INFRASTRUCTURE GROUP LIMITED

Financials The Renewables Infrastructure Group Limited

Equities

TRIG

GG00BBHX2H91

Closed End Funds

Real-time Estimate Cboe Europe Other stock markets 08:50:36 27/06/2024 pm IST			5-day change	1st Jan Change
94.45 ^GBX	-1.00%		-2.23%	-16.84%

04/06	Octopus Renewables to launch multi-million-pound buyback programme	AN
29/05	Ocado Group, St. James's Place Bound for Exit from FTSE 100 Index	MT

Valuation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	2,433	3,047	3,228	2,827	2,371	-	-
Enterprise Value (EV) ¹	2,433	3,019	3,228	2,809	2,344	2,304	2,204
P/E ratio	21.7 x	13.4 x	6.05 x	569 x	14.9 x	12.4 x	10.6 x
Yield	-	5.03%	-	6.31%	7.68%	8.17%	8.43%
Capitalization / Revenue	-	17.4 x	5.81 x	-117 x	22.8 x	10.4 x	10.2 x
EV / Revenue	-	17.3 x	5.81 x	-116 x	22.5 x	10.1 x	9.5 x
EV / EBITDA	-	14.9 x	5.42 x	79.6 x	14.9 x	8.26 x	7.93 x
EV / FCF	-	-	-	-	10.9 x	8.93 x	8.25 x
FCF Yield	-	-	-	-	9.2%	11.2%	12.1%
Price to Book	-	1.13 x	-	0.89 x	0.74 x	0.73 x	0.73 x
Nbr of stocks (in thousands)	19,03,402	22,67,246	24,82,825	24,84,344	24,85,145	-	-
Reference price ²	1.278	1.344	1.300	1.138	0.9540	0.9540	0.9540
Announcement Date	18/02/21	18/02/22	22/02/23	28/02/24	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	174.8	555.2	-24.2	104	229	232
EBITDA ¹	-	202	596	35.3	157	279	278
EBIT ¹	-	202.4	596	35.3	217.1	267	305.1
Operating Margin	-	115.79%	107.35%	-145.87%	208.73%	116.57%	131.51%
Earnings before Tax (EBT) ¹	-	210.5	520.7	5.8	173.9	195	231.3
Net income ¹	100.2	210.5	520.7	5.8	159.4	192	228
Net margin	-	120.4%	93.79%	-23.97%	153.32%	83.84%	98.28%
EPS ²	0.0590	0.1000	0.2150	0.002000	0.0640	0.0770	0.0900
Free Cash Flow ¹	-	-	-	-	215.6	258	267
FCF margin	-	-	-	-	207.36%	112.69%	115.09%
FCF Conversion (EBITDA)	-	-	-	-	137.36%	92.49%	96.04%
FCF Conversion (Net income)	-	-	-	-	135.25%	134.4%	117.11%
Dividend per Share ²	-	0.0676	-	0.0718	0.0732	0.0779	0.0804
Announcement Date	18/02/21	18/02/22	22/02/23	28/02/24	-	-	-

¹GBP in Million²GBP

Estimates

Balance Sheet Analysis

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-
Net Cash position ¹	-	28.2	-	18.1	26.5	66.4	167
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow ¹	-	-	-	-	216	258	267
ROE (net income / shareholders' equity)	-	8.59%	-	0.18%	3.2%	7.1%	7.1%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-
Book Value Per Share ²	-	1.190	-	1.280	1.290	1.300	1.300
Cash Flow per Share	-	0.0700	-	-	-	-	-
Capex	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-
Announcement Date	18/02/21	18/02/22	22/02/23	28/02/24	-	-	-

¹GBP in Million²GBP

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for The Renewables Infrastructure Group Limited

Trading Rating

Investor Rating

ESG Refinitiv

A-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

0.954 GBP

Average target price

1.216 GBP

Spread / Average Target

+27.46%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Closed End Funds

	1st Jan change	Capi.
THE RENEWABLES INFRASTRUCTURE GROUP LIMITED	-16.84%	299.27Cr
ARES CAPITAL CORPORATION	+4.22%	1.26TCr
PERSHING SQUARE HOLDINGS, LTD.	+14.01%	962.33Cr
FS KKR CAPITAL CORP.	-1.50%	548.93Cr
PIMCO DYNAMIC INCOME FUND	+4.72%	513.99Cr
SPROTT PHYSICAL URANIUM TRUST FUND	-7.47%	482.78Cr
SPROTT PHYSICAL SILVER TRUST	+22.65%	481.3Cr
SPROTT PHYSICAL GOLD AND SILVER TRUST	+19.00%	447.85Cr
MACQUARIE KOREA INFRASTRUCTURE FUND	+1.37%	394.8Cr
3I INFRASTRUCTURE PLC	-0.16%	374.9Cr

Closed End Funds