The Renewables Infrastructure Group Limited (TRIG)

Sector:

Investment Firms

Index:

FTSE 250

102.40p
   
  • Change Today:
      0.40p
  • 52 Week High: 124.60
  • 52 Week Low: 96.30
  • Currency: UK Pounds
  • Shares Issued: 2,485.14m
  • Volume: 3,041,375
  • Market Cap: £2,544.79m
  • RiskGrade: 63

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Annualisation Factor 1.0 1.0 n/a 1.0 1.0
Dividend Yield 6.3% 5.3% 5.0% 5.3% 4.8%
           
Continuing Operations          
PE Ratio - Adjusted 569.0 6.0 13.4 21.5 12.1
PE Ratio - Diluted 569.0
487.3		 6.0
6.1		 13.4
13.4		 21.5
21.7		 12.1
12.1
PEG - Adjusted n/a 0.1 0.2 n/a n/a
PEG - Diluted n/a
n/a		 0.1
0.1		 0.2
0.2		 n/a
n/a		 n/a
n/a
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Operating Margin 114.05%
114.05%		 99.59%
99.59%		 98.91%
98.91%		 98.49%
98.49%		 98.89%
98.89%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 569.0 6.0 1,331.5 21.5 12.1
PE Ratio - Diluted 569.0
487.3		 6.0
6.1		 1,331.5
1,331.0		 21.5
21.7		 12.1
12.1
PEG - Adjusted n/a 0.0 n/a n/a n/a
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 n/a
n/a		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Gearing n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Price/Book Value 0.9 0.9 1.0 1.0 1.0
Price/Tangible Book Value 0.9 0.9 1.0 1.0 1.0
Price/ Cash Flow 21.3 24.2 18.1 18.8 22.5
Price/Revenue (116.79) 5.68 1,602.59 18.26 13.45
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 127.81p 137.90p 128.63p 128.21p 132.37p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue (24.20) 555.20 1.76 119.18 145.63
EBITDA (27.60)
(27.60)		 552.90
552.90		 1.75
1.75		 117.38
117.38		 144.02
144.02
Depreciation n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Net Interest 33.40
33.40		 (32.20)
(32.20)		 0.38
0.38		 (17.22)
(17.22)		 18.01
18.01
Profit Before Tax 5.80
5.80		 520.70
520.70		 2.12
2.12		 100.17
100.17		 162.03
162.03
           
Revenue per Share (0.97p) 22.90p 0.084p 6.96p 10.23p
Pre-Tax Profit per Share 0.23p
0.23p		 21.48p
21.48p		 0.10p
0.10p		 5.85p
5.85p		 11.39p
11.39p
Market Capitalisation £ (Millions) 2,827.18 3,227.67 3,047.18 2,420.00 2.25
Enterprise Value (EV) £ (Millions) 2,818.28 3,226.57 3,033.10 2,420.00 2.25
EBITDA/EV (0.98%)
(0.98%)		 17.14%
17.14%		 0.06%
0.06%		 4.85%
4.85%		 6,391.46%
6,391.46%
Operating Margin 114.05%
114.05%		 99.59%
99.59%		 98.91%
98.91%		 98.49%
98.49%		 98.89%
98.89%
Capital Employed £ (Millions) 3,174.30 3,342.70 2,706.18 2,194.87 1,883.44
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Invested Equity Capital £ (Millions) 3,174.30 3,342.70 2,706.18 2,194.87 1,883.44
           
Earnings per Share - Basic 0.20p
0.23p		 21.50p
21.48p		 10.00p
10.00p		 5.90p
5.85p		 11.40p
11.39p
Earnings per Share - Diluted 0.20p
0.23p		 21.50p
21.48p		 10.00p
10.00p		 5.90p
5.85p		 11.40p
11.39p
Earnings per Share - Adjusted 0.20p 21.50p 10.00p 5.90p 11.40p
Earnings per Share Growth - Basic -99%
-99%		 115%
115%		 70%
71%		 -48%
-49%		 -2%
-3%
Earnings per Share Growth - Diluted -99%
-99%		 115%
115%		 70%
71%		 -48%
-49%		 -2%
-3%
Earnings per Share Growth - Adjusted -99% 115% 70% -48% -2%
PE Ratio - Diluted 569.0
487.3		 6.0
6.1		 13.4
13.4		 21.5
21.7		 12.1
12.1
PEG - Diluted n/a
n/a		 0.1
0.1		 0.2
0.2		 n/a
n/a		 n/a
n/a
Tax Rate n/a n/a n/a n/a n/a
Dividend Cover 0.03
0.03		 3.14
3.14		 1.48
1.48		 0.87
0.87		 1.72
1.71
Interest Cover n/a
n/a		 17.17
17.17		 n/a
n/a		 6.82
6.82		 n/a
n/a
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 0.20p
0.23p		 21.50p
21.48p		 0.10p
0.10p		 5.90p
5.85p		 11.40p
11.39p
Earnings per Share - Diluted 0.20p
0.23p		 21.50p
21.48p		 0.10p
0.10p		 5.90p
5.85p		 11.40p
11.39p
Earnings per Share - Adjusted 0.20p 21.50p 0.10p 5.90p 11.40p
Earnings per Share Growth - Basic -99%
-99%		 21,200%
21,173%		 -98%
-98%		 -48%
-49%		 -2%
-3%
Earnings per Share Growth - Diluted -99%
-99%		 21,200%
21,173%		 -98%
-98%		 -48%
-49%		 -2%
-3%
Earnings per Share Growth - Adjusted -99% 21,200% -98% -48% -2%
PE Ratio - Diluted 569.0
487.3		 6.0
6.1		 1,331.5
1,331.0		 21.5
21.7		 12.1
12.1
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 n/a
n/a		 n/a
n/a
Dividend Cover 0.03
0.03		 3.14
3.14		 0.01
0.01		 0.87
0.87		 1.72
1.71
Return on Equity (ROE) 0.18%
0.18%		 15.58%
15.58%		 0.08%
0.08%		 4.56%
4.56%		 8.60%
8.60%
Operating Cash Flow per Share 5.35p 5.37p 7.44p 6.75p 6.12p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (0.25p) (0.24p) n/a (6.11p) 7.79p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 7.18p 6.84p 6.76p 6.76p 6.64p
Dividend per Share Growth 4.97% 1.18% n/a 1.81% 3.00%
Dividend Yield 6.3% 5.3% 5.0% 5.3% 4.8%
Shareholders Funds 3,174.30 3,342.70 2,706.18 2,194.87 1,883.44
Net Borrowings £ (Millions) (18.10) (24.50) (28.23) (23.12) (127.59)
Net Asset Value per Share (inc. Intangibles) 127.81p 137.90p 128.63p 128.21p 132.37p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds inc Intangibles 3,174.30 3,342.70 2,706.18 2,194.87 1,883.44
Net Borrowings £ (Millions) (18.10) (24.50) (28.23) (23.12) (127.59)
Net Gearing n/a n/a n/a n/a n/a
Cash & Near Cash 18.10 24.50 28.23 23.12 127.59
Cash 0.57% 0.73% 1.04% 1.05% 6.77%
Gross Borrowings n/a n/a n/a n/a n/a
Gross Gearing n/a n/a n/a n/a n/a
Borrowings Under 5 years n/a n/a n/a n/a n/a
Under 5 years n/a n/a n/a n/a n/a
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds exc Intangibles 3,174.30 3,342.70 2,706.18 2,194.87 1,883.44
Net Borrowings £ (Millions) (18.10) (24.50) (28.23) (23.12) (127.59)
Net Gearing n/a n/a n/a n/a n/a
Cash & Near Cash 18.10 24.50 28.23 23.12 127.59
Cash 0.57% 0.73% 1.04% 1.05% 6.77%
Gross Borrowings n/a n/a n/a n/a n/a
Gross Gearing n/a n/a n/a n/a n/a
Borrowings Under 5 years n/a n/a n/a n/a n/a
Under 5 years n/a n/a n/a n/a n/a
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Quick Ratio n/a n/a n/a n/a n/a
Current Ratio 31.22 12.03 156.17 21.05 419.82
Interest Cover n/a
n/a		 17.17
17.17		 n/a
n/a		 6.82
6.82		 n/a
n/a

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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