How to buy TransAlta Renewables (RNW) stocks

TransAlta Renewables is an utilities - renewable business based in Canada. TransAlta Renewables shares (RNW) are listed on the Toronto Stock Exchange (TSX) and all prices are listed in Canadian Dollars. TransAlta Renewables employs 1,476 staff and has a trailing 12-month revenue of around C$496 million.

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TransAlta Renewables stock price (Toronto Stock Exchange (TSX): RNW)

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TransAlta Renewables stocks at a glance

• Key figures

Information last updated 2024-01-16.

52-week range	C$0.00 - C$0.00
50-day moving average more info button	C$13.04
200-day moving average more info button	C$12.37
Wall St. target price	C$13.04
PE ratio more info button	41.6
Dividend yield more info button	C$0.94 (7.53%)
Earnings per share (TTM) more info button	C$0.30

Is it a good time to buy TransAlta Renewables stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

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Is TransAlta Renewables stock undervalued or overvalued?

Valuing TransAlta Renewables stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of TransAlta Renewables's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

TransAlta Renewables's P/E ratio

TransAlta Renewables's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 42x. In other words, TransAlta Renewables shares trade at around 42x recent earnings.

TransAlta Renewables's PEG ratio

TransAlta Renewables's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 3.5. A low ratio can be interpreted as meaning the stocks offer better value, while a higher ratio can be interpreted as meaning the stocks offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into TransAlta Renewables's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.

TransAlta Renewables's EBITDA

TransAlta Renewables's EBITDA (earnings before interest, taxes, depreciation and amortisation) is C$231 million.

The EBITDA is a measure of a TransAlta Renewables's overall financial performance and is widely used to measure a its profitability.

TransAlta Renewables financials

Revenue TTM	C$496 million
Operating margin TTM	17.94%
Gross profit TTM	C$258 million
Return on assets TTM	1.71%
Return on equity TTM	4.31%
Profit margin	15.73%
Book value	C$6.19
Market Capitalization more info button	C$3.3 billion
EBITDA more info button	C$231 million

TTM: trailing 12 months

TransAlta Renewables stock dividends

Dividend payout ratio: 84.68% of net profits

Recently TransAlta Renewables has paid out, on average, around 100% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), TransAlta Renewables shareholders could enjoy a 0% return on their shares, in the form of dividend payments. In TransAlta Renewables's case, that would currently equate to about C$0.94 per share.

TransAlta Renewables's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

TransAlta Renewables's most recent dividend payout was on 28 September 2023. The latest dividend was paid out to all shareholders who bought their stocks by 13 September 2023 (the "ex-dividend date").

TransAlta Renewables stock price volatility

Over the last 12 months, TransAlta Renewables's stocks have ranged in value from as little as C$0 up to C$0. A popular way to gauge a stock's volatility is its "beta."

Beta is a measure of a stocks volatility in relation to the market. The market (TO average) beta is 1, while TransAlta Renewables's is 0.7388. This would suggest that TransAlta Renewables's stocks are less volatile than average (for this exchange).

TransAlta Renewables overview

TransAlta Renewables Inc. owns, develops, and operates renewable and natural gas power generation facilities and other infrastructure assets in Canada, the United States, and Australia. The company operates through Canadian Wind, Canadian Hydro, Canadian Gas, US Wind and Solar, US Gas, and Australian Gas segments. Its portfolio of assets comprises 50 renewable power generation facilities, including wind, hydro, and gas. The company was incorporated in 2013 and is headquartered in Calgary, Canada. TransAlta Renewables Inc. operates as a subsidiary of TransAlta Corporation.

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Frequently asked questions

What percentage of TransAlta Renewables is owned by insiders or institutions?
Currently 60.122% of TransAlta Renewables stocks are held by insiders and 9.485% by institutions. How many people work for TransAlta Renewables?
Latest data suggests 1,476 work at TransAlta Renewables. When does the fiscal year end for TransAlta Renewables?
TransAlta Renewables's fiscal year ends in December. Where is TransAlta Renewables based?
TransAlta Renewables's address is: 110 - 12th Avenue SW, Calgary, AB, Canada, T2P 2M1 What is TransAlta Renewables's ISIN number?
TransAlta Renewables's international securities identification number is: CA8934631091

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