PowerHouse Energy Group (PHE); reports ongoing commercialisation of DMG® process

Renewi

LN: RWI

Market Cap€488.9m

Last Close 56.1p

Renewi is a waste-to-product company with operations primarily in the Netherlands, Belgium and the UK. Its activities span the collection, processing and resale of industrial, hazardous and municipal waste.

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Investment summary

Renewi’s H122 pre-close statement contained commentary on firm trading in the Commercial division, slightly tempered by slower acceleration in activity at ATM, but nevertheless pointing to materially higher management expectations for FY22 as a whole. An improving rate of earnings progress and healthy cash flows are two clear positives for investors.

Y/E Mar
Revenue (€m)
EBITDA (€m)
PBT (€m)
EPS (c)
P/E (x)
P/CF (x)
2020A 1775.4 167.1 54.3 N/A N/A 289.5
2021A 1693.6 159.8 47.1 N/A N/A 188.1
2022E 1805.8 183.4 68.1 N/A N/A 27.8
2023E 1853.1 195.0 78.2 N/A N/A 26.6
Industry outlook

The Dutch waste market, accounting for the largest single business within Renewi, was growing as the economy recovered from cyclical lows ahead of the coronavirus outbreak.

Last updated on 15/07/2021
Content on Renewi
Renewi – Further earnings momentum
Industrials | Update | 8 October 2021
PowerHouse Energy Group (PHE); reports ongoing commercialisation of DMG® process
ESG interview with Renewi CEO Otto de Bont
Industrials | Edison TV | 6 October 2021
View more
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Share price graph
Balance sheet
Forecast net debt (€m) 365.1
Forecast gearing ratio (%) 130
Price performance
%
1m
3m
12m
Actual 15.7 13.2 216.3
Relative* 16.9 12.8 152.6
52-week high/low €59.0/€19.0
*% relative to local index
Key management
Ben Verwaayen Chairman
Otto de Bont CEO
Toby Woolrych CFO