CLEARWAY ENERGY INC-C (CWEN)
US18539C2044 - Common Stock
Overall CWEN gets a fundamental rating of 5 out of 10. We evaluated CWEN against 22 industry peers in the Independent Power and Renewable Electricity Producers industry. Both the profitability and the financial health of CWEN get a neutral evaluation. Nothing too spectacular is happening here. CWEN is valied quite expensively at the moment, while it does show a decent growth rate. Finally CWEN also has an excellent dividend rating. With these ratings, CWEN could be worth investigating further for dividend investing!.
1. Profitability
1.1 Basic Checks
CWEN had positive earnings in the past year.
In the past year CWEN had a positive cash flow from operations.
Of the past 5 years CWEN 4 years were profitable.
CWEN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of 0.86%, CWEN perfoms like the industry average, outperforming 54.55% of the companies in the same industry.
CWEN has a better Return On Equity (5.72%) than 63.64% of its industry peers.
CWEN has a Return On Invested Capital (1.39%) which is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for CWEN is below the industry average of 4.51%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.86% | ||
| ROE | 5.72% | ||
| ROIC | 1.39% |
ROA(3y)1.89%
ROA(5y)1.16%
ROE(3y)10.86%
ROE(5y)6.67%
ROIC(3y)1.72%
ROIC(5y)2.2%
1.3 Margins
CWEN has a Profit Margin of 8.94%. This is in the better half of the industry: CWEN outperforms 63.64% of its industry peers.
In the last couple of years the Profit Margin of CWEN has grown nicely.
CWEN has a Operating Margin (16.72%) which is in line with its industry peers.
In the last couple of years the Operating Margin of CWEN has declined.
CWEN has a Gross Margin of 64.00%. This is in the better half of the industry: CWEN outperforms 63.64% of its industry peers.
In the last couple of years the Gross Margin of CWEN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.72% | ||
| PM (TTM) | 8.94% | ||
| GM | 64% |
OM growth 3Y-11.4%
OM growth 5Y-9.44%
PM growth 3Y42.33%
PM growth 5Y5.69%
GM growth 3Y-2.7%
GM growth 5Y-1.34%
2. Health
2.1 Basic Checks
CWEN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
CWEN has about the same amout of shares outstanding than it did 1 year ago.
CWEN has more shares outstanding than it did 5 years ago.
CWEN has a better debt/assets ratio than last year.
2.2 Solvency
CWEN has an Altman-Z score of 0.47. This is a bad value and indicates that CWEN is not financially healthy and even has some risk of bankruptcy.
CWEN has a better Altman-Z score (0.47) than 63.64% of its industry peers.
The Debt to FCF ratio of CWEN is 15.84, which is on the high side as it means it would take CWEN, 15.84 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 15.84, CWEN belongs to the top of the industry, outperforming 90.91% of the companies in the same industry.
CWEN has a Debt/Equity ratio of 3.15. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 3.15, CWEN perfoms like the industry average, outperforming 45.45% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.15 | ||
| Debt/FCF | 15.84 | ||
| Altman-Z | 0.47 |
ROIC/WACC0.24
WACC5.8%
2.3 Liquidity
CWEN has a Current Ratio of 1.59. This is a normal value and indicates that CWEN is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Current ratio value of 1.59, CWEN is doing good in the industry, outperforming 63.64% of the companies in the same industry.
A Quick Ratio of 1.49 indicates that CWEN should not have too much problems paying its short term obligations.
CWEN has a Quick ratio of 1.49. This is in the better half of the industry: CWEN outperforms 63.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.59 | ||
| Quick Ratio | 1.49 |
3. Growth
3.1 Past
CWEN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 123.91%, which is quite impressive.
The Earnings Per Share has been growing by 14.53% on average over the past years. This is quite good.
Looking at the last year, CWEN shows a small growth in Revenue. The Revenue has grown by 2.33% in the last year.
The Revenue has been growing slightly by 4.53% on average over the past years.
EPS 1Y (TTM)123.91%
EPS 3Y47.21%
EPS 5Y14.53%
EPS Q2Q%933.33%
Revenue 1Y (TTM)2.33%
Revenue growth 3Y3.1%
Revenue growth 5Y4.53%
Sales Q2Q%31%
3.2 Future
CWEN is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.70% yearly.
CWEN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.06% yearly.
EPS Next Y13.36%
EPS Next 2Y-31.86%
EPS Next 3Y5.7%
EPS Next 5YN/A
Revenue Next Year7.22%
Revenue Next 2Y7.95%
Revenue Next 3Y7.06%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
CWEN is valuated quite expensively with a Price/Earnings ratio of 25.28.
68.18% of the companies in the same industry are more expensive than CWEN, based on the Price/Earnings ratio.
CWEN's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.73.
Based on the Price/Forward Earnings ratio of 83.71, the valuation of CWEN can be described as expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CWEN is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.83, CWEN is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.28 | ||
| Fwd PE | 83.71 |
4.2 Price Multiples
68.18% of the companies in the same industry are more expensive than CWEN, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, CWEN is valued cheaply inside the industry as 95.45% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.67 | ||
| EV/EBITDA | 11.87 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CWEN does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)1.89
PEG (5Y)1.74
EPS Next 2Y-31.86%
EPS Next 3Y5.7%
5. Dividend
5.1 Amount
CWEN has a Yearly Dividend Yield of 6.81%, which is a nice return.
Compared to an average industry Dividend Yield of 6.46, CWEN pays a better dividend. On top of this CWEN pays more dividend than 86.36% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.34, CWEN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.81% |
5.2 History
The dividend of CWEN has a limited annual growth rate of 4.10%.
CWEN has paid a dividend for at least 10 years, which is a reliable track record.
As CWEN did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)4.1%
Div Incr Years5
Div Non Decr Years5
5.3 Sustainability
CWEN pays out 269.67% of its income as dividend. This is not a sustainable payout ratio.
CWEN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP269.67%
EPS Next 2Y-31.86%
EPS Next 3Y5.7%
CLEARWAY ENERGY INC-C
NYSE:CWEN (12/20/2024, 8:04:34 PM)
After market: 26.04 0 (0%)26.04
+0.12 (+0.46%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)
Earnings (Next)
Inst Owners75.99%
Inst Owner Change-2.35%
Ins Owners0.03%
Ins Owner Change-0.86%
Market Cap5.26B
Analysts83.75
Price Target36.78 (41.24%)
Short Float %7.16%
Short Ratio2.72
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.81% |
Dividend Growth(5Y)4.1%
DP269.67%
Div Incr Years5
Div Non Decr Years5
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-43.37%
Min EPS beat(2)-44.23%
Max EPS beat(2)-42.52%
EPS beat(4)2
Avg EPS beat(4)180.93%
Min EPS beat(4)-44.23%
Max EPS beat(4)718.48%
EPS beat(8)4
Avg EPS beat(8)99.23%
EPS beat(12)5
Avg EPS beat(12)106.2%
EPS beat(16)6
Avg EPS beat(16)73.19%
Revenue beat(2)1
Avg Revenue beat(2)-0.02%
Min Revenue beat(2)-16.02%
Max Revenue beat(2)15.99%
Revenue beat(4)1
Avg Revenue beat(4)-6.45%
Min Revenue beat(4)-16.35%
Max Revenue beat(4)15.99%
Revenue beat(8)3
Avg Revenue beat(8)-3.22%
Revenue beat(12)3
Avg Revenue beat(12)-7.28%
Revenue beat(16)4
Avg Revenue beat(16)-7.72%
PT rev (1m)0.93%
PT rev (3m)0.7%
EPS NQ rev (1m)-32.93%
EPS NQ rev (3m)119.47%
EPS NY rev (1m)0%
EPS NY rev (3m)-7.73%
Revenue NQ rev (1m)0.81%
Revenue NQ rev (3m)-5.77%
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)2.71%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.28 | ||
| Fwd PE | 83.71 | ||
| P/S | 3.86 | ||
| P/FCF | 11.67 | ||
| P/OCF | 6.71 | ||
| P/B | 2.47 | ||
| P/tB | N/A | ||
| EV/EBITDA | 11.87 |
EPS(TTM)1.03
EY3.96%
EPS(NY)0.31
Fwd EY1.19%
FCF(TTM)2.23
FCFY8.57%
OCF(TTM)3.88
OCFY14.89%
SpS6.75
BVpS10.56
TBVpS-0.52
PEG (NY)1.89
PEG (5Y)1.74
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.86% | ||
| ROE | 5.72% | ||
| ROCE | 1.68% | ||
| ROIC | 1.39% | ||
| ROICexc | 1.42% | ||
| ROICexgc | 1.71% | ||
| OM | 16.72% | ||
| PM (TTM) | 8.94% | ||
| GM | 64% | ||
| FCFM | 33.06% |
ROA(3y)1.89%
ROA(5y)1.16%
ROE(3y)10.86%
ROE(5y)6.67%
ROIC(3y)1.72%
ROIC(5y)2.2%
ROICexc(3y)1.78%
ROICexc(5y)2.27%
ROICexgc(3y)2.27%
ROICexgc(5y)2.8%
ROCE(3y)2.08%
ROCE(5y)2.66%
ROICexcg growth 3Y-16.48%
ROICexcg growth 5Y-15.33%
ROICexc growth 3Y-17.72%
ROICexc growth 5Y-15.78%
OM growth 3Y-11.4%
OM growth 5Y-9.44%
PM growth 3Y42.33%
PM growth 5Y5.69%
GM growth 3Y-2.7%
GM growth 5Y-1.34%
F-Score5
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.15 | ||
| Debt/FCF | 15.84 | ||
| Debt/EBITDA | 6.61 | ||
| Cap/Depr | 42.1% | ||
| Cap/Sales | 24.41% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 76.94% | ||
| Profit Quality | 369.67% | ||
| Current Ratio | 1.59 | ||
| Quick Ratio | 1.49 | ||
| Altman-Z | 0.47 |
F-Score5
WACC5.8%
ROIC/WACC0.24
Cap/Depr(3y)24.35%
Cap/Depr(5y)29.16%
Cap/Sales(3y)13.11%
Cap/Sales(5y)14.36%
Profit Quality(3y)584.35%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)123.91%
EPS 3Y47.21%
EPS 5Y14.53%
EPS Q2Q%933.33%
EPS Next Y13.36%
EPS Next 2Y-31.86%
EPS Next 3Y5.7%
EPS Next 5YN/A
Revenue 1Y (TTM)2.33%
Revenue growth 3Y3.1%
Revenue growth 5Y4.53%
Sales Q2Q%31%
Revenue Next Year7.22%
Revenue Next 2Y7.95%
Revenue Next 3Y7.06%
Revenue Next 5YN/A
EBIT growth 1Y-28.08%
EBIT growth 3Y-8.65%
EBIT growth 5Y-5.34%
EBIT Next Year183.9%
EBIT Next 3Y46.86%
EBIT Next 5YN/A
FCF growth 1Y-29.86%
FCF growth 3Y3.22%
FCF growth 5Y2.21%
OCF growth 1Y2.48%
OCF growth 3Y8.8%
OCF growth 5Y7.11%