£277.3m market cap
34.65p last close
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.
Investment summary
H121 ended strongly for Renewi, recovering from earlier COVID-19 impacts that turned out to be less than management had previously anticipated. Relatively more resilient waste markets and actions taken to control cash flows and reduce costs contributed to this outturn. We have moved estimates ahead in all three forecast years.
Y/E Mar |
Revenue (€m) |
EBITDA (€m) |
PBT (€m) |
EPS (fd) (c) |
P/E (x) |
P/CF (x) |
|---|---|---|---|---|---|---|
| 2019A | 1780.7 | 179.7 | 63.1 | 6.0 | 6.4 | 3.5 |
| 2020A | 1775.4 | 167.1 | 54.3 | 5.4 | 7.1 | 1.8 |
| 2021E | 1587.1 | 133.3 | 22.2 | 2.0 | 19.3 | 1.8 |
| 2022E | 1691.3 | 159.0 | 46.4 | 4.3 | 9.0 | 2.1 |
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 26/11/2020
Sector |
|---|
| Industrials |
Share price graph
Balance sheet |
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|---|---|
| Forecast net debt (€m) | N/A |
| Forecast gearing ratio (%) | N/A |
Price performance
% |
1m |
3m |
12m |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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Key management |
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|---|---|
| Ben Verwaayen | Chairman |
| Otto de Bont | CEO |
| Toby Woolrych | CFO |
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