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The Renewables Infrastructure Group (TRIG) Fair Value & Analysis

Utilities · GB · Market cap 1.7B GBX

TR The Renewables Infrastructure Group TRIG · LSE
Price£0.7440
Fair Value£0.7700
Upside+3.5%
Quality69/100
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Mixed Growth
Thin margins · 0.0% net margin
generates free cash flow
0.10% dividend yield
Mixed vs. peers (4/10)
Narrow moat 42/100
Evidence: Medium Range £0.4700 – £0.8800 Share as image

Fair value as of: Jul 19, 2026

From 8 valuation models · updated 21 days ago

Fair value updated Jul 19, 2026, revised from £0.7600 to £0.7700 (+1.3%) since Jun 25, 2026. Share price +9.4% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (£0.4700 to £0.8800) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

£1.04 £0.5891 Fair Value £0.7700 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range £0.5891 – £1.04 · fair‑value band £0.4700 – £0.8800 · the £0.7440 price screens below the £0.7700 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

The Renewables Infrastructure Group (TRIG) currently trades at £0.7440, while our model-based Fair Value estimate is £0.7700, implying the stock looks roughly 3.5% fairly valued today. The Quality Score stands at 69/100 (solid quality), in the Utilities sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

It earns a return on equity of -4.9%. The balance sheet holds a net cash position of £7.1M. Fundamentals as of Jul 19, 2026

Our scenario range runs from £0.4700 (bear case) to £0.8800 (bull case); at £0.7440, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Utilities peers we cover trades at -30% fair-value upside, at 3%, TRIG screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF £0.6600 £1.14 £1.90 72
Gordon GGM £0.6100 £1.09 £1.50 70
DDM Multi-Stage £0.6100 £1.00 £1.17 61
All 8 models by family
DCF Models
FCF DCF £0.7100 £1.03 £2.00 38
5Y Revenue Exit £0.3000 £0.4100 £0.6300 39
10Y Revenue Exit £0.4400 £0.7100 £0.8100 36
Dividend Discount
Gordon GGM £0.6100 £1.09 £1.50 70
DDM Multi-Stage £0.6100 £1.00 £1.17 61
Multiples
EV/Revenue £0.1000 £0.1400 £0.1800 43
Asset-Based
NCAV (Graham) £0.5300 £0.7100 £1.07 50
Growth DCF
Growth DCF £0.6600 £1.14 £1.90 72

Widest divergence: Growth DCF (£1.14) versus Multiples (£0.1400). Highest evidence: Growth DCF (72).

Key figures & financial health

Revenue (TTM) −104M GBX
Revenue growth (YoY) -97.1%
Return on equity -4.9%
Free cash flow 121M GBX FY2025
Operating margin 151%
EPS (TTM) £-0.0500
More key figures
Dividend yield 0.1%
EPS growth (YoY) -93.8%
Net cash 7.1M GBX FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 68 · Market factors (momentum, volatility) 67

Profitability 2
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 93
Calm price path (market factor)
Momentum 54
Price trend over the last 3–12 months (market factor)
52W Momentum 61
Distance to the 52-week high (market factor)
Net Issuance 92
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

The Renewables Infrastructure Group Limited specializes in infrastructure investments. The fund typically invests in operational assets which generate electricity from renewable sources, with a particular focus on onshore wind farms and solar photovoltaic parks.

Full company description

The Renewables Infrastructure Group Limited specializes in infrastructure investments. The fund typically invests in operational assets which generate electricity from renewable sources, with a particular focus on onshore wind farms and solar photovoltaic parks. It seeks to invest in United Kingdom and Northern European countries including France, Ireland, Germany and Scandinavia. The fund seeks to invest through equity and shareholder loans.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

The Renewables Infrastructure Group reported revenue of £126M in FY2025 versus £212M in FY2021, a compound −12.2%/yr. Reported net income was −£130M in FY2025.

Growth Quality 35/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
£126M
Avg. growth/yr (3Y)
−37.8%
Avg. growth/yr (5Y)
+4.3%
Avg. growth/yr (12Y)
+20.1%
Revenue −12.2%/yr
FY21 £212M
FY22 £523M
FY23 £123M
FY24 −£113M
FY25 £126M
Net income
FY21 £210M
FY22 £521M
FY23 £5.8M
FY24 −£115M
FY25 −£130M

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Cite: Fair Value Calculator (2026). "The Renewables Infrastructure Group Fair Value". https://www.fairvalue-calculator.com/stock/TRIG

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Utilities - Renewable · 220 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 69 · Top 25%
Fair Value upside +4% · Above median
Return on assets -3% · Bottom 25%
Net margin (TTM) 0% · Below median
Operating margin (TTM) 151% · Top 25%
Revenue growth -97% · Bottom 25%
Dividend yield (TTM) 0.1% · Bottom 25%

Valuation Multiples vs Utilities - Renewable median · lower = cheaper

P/B 0.94× · Cheaper than median
P/FCF 19.4× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 38 · sector 15
FUTURE 0 · sector 0
PAST 0 · sector 12
HEALTH 0 · sector 68
DIVIDEND 2 · sector 48

Insider activity: 45/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Utilities - Renewable stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
China Yangtze Power Co 600900 ¥27.99 ¥25.13 -10%
Ørsted A/S ORSTED kr 149.70 kr 31.40 -79%
Huaneng Lancang River Hydropower Inc 600025 ¥9.81 ¥5.57 -43%
Adani Green Energy Limited ADANIGREEN ₹1,537 ₹170.50 -89%
AXIA Energia SA AXIAP $10.74 $9.65 -10%
VERBUND AG OEWA €58.65 €66.19 +13%
BEP BEP $32.33 $73.35 +127%
BEPUN BEPUN C$44.56 C$10.15 -77%
Fortum Oyj FORTUM €19.89 €13.90 -30%
China Longyuan Power Group 001289 ¥16.21 ¥8.23 -49%

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Frequently asked questions

Is The Renewables Infrastructure Group (TRIG) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of £0.7700 versus a price of £0.7440, about +3% (fairly valued).
What is the fair value of TRIG?
Our model-based fair value for The Renewables Infrastructure Group is £0.7700 (as of Jul 19, 2026), built from audited fundamentals. The current price is £0.7440.
What is the quality score of TRIG?
The Renewables Infrastructure Group has a Quality Score of 69/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the net profit margin of TRIG?
The net profit margin of The Renewables Infrastructure Group is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
Does The Renewables Infrastructure Group pay a dividend?
The Renewables Infrastructure Group currently shows a dividend yield of about 0.10% relative to its recent price (as of Jul 19, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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