£226.4m market cap
28.3p last close
Renewi is a waste-to-product company with operations primarily in the UK, the Netherlands and Belgium, and activities spanning the collection, processing and resale of industrial, hazardous and municipal waste.
Investment summary
Year to date trading has been in line with management’s expectations, which are also unchanged for the year as a whole. Forward momentum in the important Commercial division is continuing and we see other noted actions as positive, logical moves. Investor sentiment appears to have waned since the FY19 results announcement, but the investment case is gradually strengthening in our view and from a single-digit P/E base.
Y/E Mar |
Revenue (€m) |
EBITDA (€m) |
PBT (€m) |
EPS (c) |
P/E (x) |
P/CF (x) |
|---|---|---|---|---|---|---|
| 2018A | 1760.3 | 176.3 | 63.0 | 5.9 | 5.4 | 1.8 |
| 2019A | 1780.7 | 179.7 | 63.1 | 6.0 | 5.3 | 2.9 |
| 2020E | 1833.5 | 173.9 | 49.7 | 4.7 | 6.8 | 2.1 |
| 2021E | 1890.3 | 194.3 | 71.5 | 6.8 | 4.7 | 1.4 |
| Last updated on 16/07/2019 | ||||||
Industry outlook
The Dutch waste market, accounting for the largest single business within Renewi, has returned to growth as the economy has recovered, boosted in particular by stronger construction activity.
Last updated on 16/07/2019
Sector |
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| Industrials |
Share price graph
Balance sheet |
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|---|---|
| Forecast net debt (€m) | N/A |
| Forecast gearing ratio (%) | N/A |
Price performance
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1m |
3m |
12m |
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Key management |
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|---|---|
| Colin Matthews | Chairman |
| Otto de Bont | CEO |
| Toby Woolrych | CFO |
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