Renew Energy Global Stock Fundamentals
| RNWWW Stock | USD 0.31 0.10 47.62% |
ReNew Energy Global fundamentals help investors to digest information that contributes to ReNew Energy's financial success or failures. It also enables traders to predict the movement of ReNew Stock. The fundamental analysis module provides a way to measure ReNew Energy's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to ReNew Energy stock.
At this time, ReNew Energy's Operating Income is fairly stable compared to the past year. Net Income From Continuing Ops is likely to climb to about 4.4 B in 2024, whereas Net Interest Income is likely to drop (42.9 B) in 2024. ReNew | Select Account or Indicator |
ReNew Energy Global Company Return On Equity Analysis
ReNew Energy's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current ReNew Energy Return On Equity | 0.013 |
Most of ReNew Energy's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, ReNew Energy Global is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
| Competition |
ReNew Total Stockholder Equity
Total Stockholder Equity |
|
Based on the latest financial disclosure, ReNew Energy Global has a Return On Equity of 0.013. This is 99.78% lower than that of the Electric Utilities sector and significantly higher than that of the Utilities industry. The return on equity for all United States stocks is 104.19% lower than that of the firm.
ReNew Energy Global Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining ReNew Energy's current stock value. Our valuation model uses many indicators to compare ReNew Energy value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across ReNew Energy competition to find correlations between indicators driving ReNew Energy's intrinsic value. More Info.ReNew Energy Global is currently regarded as top stock in return on equity category among its peers. It also is currently regarded as top stock in return on asset category among its peers reporting about 2.51 of Return On Asset per Return On Equity. At this time, ReNew Energy's Return On Equity is fairly stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value ReNew Energy by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.ReNew Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ReNew Energy's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of ReNew Energy could also be used in its relative valuation, which is a method of valuing ReNew Energy by comparing valuation metrics of similar companies.ReNew Energy is currently under evaluation in return on equity category among its peers.
ReNew Energy Current Valuation Drivers
We derive many important indicators used in calculating different scores of ReNew Energy from analyzing ReNew Energy's financial statements. These drivers represent accounts that assess ReNew Energy's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of ReNew Energy's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 329.3B | 293.7B | 249.1B | 172.2B | 182.8B | 176.2B | |
| Enterprise Value | 650.3B | 624.6B | 612.4B | 650.5B | 811.4B | 852.0B |
ReNew Fundamentals
| Return On Equity | 0.013 | ||||
| Return On Asset | 0.0326 | ||||
| Profit Margin | 0.01 % | ||||
| Operating Margin | 0.59 % | ||||
| Number Of Shares Shorted | 5 | ||||
| Revenue | 81.32 B | ||||
| EBITDA | 68.75 B | ||||
| Net Income | 8.14 B | ||||
| Cash And Equivalents | 44.41 B | ||||
| Cash Per Share | 116.88 X | ||||
| Total Debt | 655.66 B | ||||
| Debt To Equity | 4.53 % | ||||
| Current Ratio | 1.52 X | ||||
| Book Value Per Share | 290.15 X | ||||
| Cash Flow From Operations | 68.93 B | ||||
| Earnings Per Share | (0.22) X | ||||
| Number Of Employees | 3.99 K | ||||
| Beta | 0.95 | ||||
| Total Asset | 873.93 B | ||||
| Retained Earnings | (56.43 B) | ||||
| Working Capital | (37.61 B) | ||||
| Net Asset | 873.93 B |
About ReNew Energy Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ReNew Energy Global's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ReNew Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ReNew Energy Global based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.| Last Reported | Projected for Next Year | ||
| Current Deferred Revenue | 9.9 M | 9.4 M | |
| Total Revenue | 81.3 B | 65.7 B | |
| Cost Of Revenue | 3.8 B | 2.2 B | |
| Stock Based Compensation To Revenue | 0.02 | 0.01 | |
| Sales General And Administrative To Revenue | 0.06 | 0.07 | |
| Capex To Revenue | 1.89 | 1.80 | |
| Revenue Per Share | 222.48 | 233.61 | |
| Ebit Per Revenue | 0.89 | 0.53 |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for ReNew Stock Analysis
When running ReNew Energy's price analysis, check to measure ReNew Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ReNew Energy is operating at the current time. Most of ReNew Energy's value examination focuses on studying past and present price action to predict the probability of ReNew Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ReNew Energy's price. Additionally, you may evaluate how the addition of ReNew Energy to your portfolios can decrease your overall portfolio volatility.