Brookfield Renewable Corporation (BEPC) vs ReNew Energy Global PLC (RNW)

Brookfield Renewable Corporation and ReNew Energy Global PLC are both Utilities Renewable companies. Brookfield Renewable Corporation is the larger, with a market value of $5.3B against $2.5B — 2.1× the size. Brookfield Renewable Corporation has negative trailing earnings, so its P/E is not meaningful; ReNew Energy Global PLC trades at 21.7×. ReNew Energy Global PLC grew revenue faster over the last twelve months: 11.9% against −4.48%. ReNew Energy Global PLC has the higher net margin (6.62% vs −95.1%) and the higher return on invested capital (6.79% vs 3.28%). Across the 17 metrics below, ReNew Energy Global PLC leads on 11 and Brookfield Renewable Corporation on 6.

Valuation

Metric BEPC RNW Utilities Renewable median
P/E n/m 21.75 18.99
P/S n/m 1.53 2.58
P/B n/m 1.54 1.38
Price to free cash flow n/m n/m 5.71
EV/EBITDA 6.24 8.27 16.32
EV/Sales 3.52 6.00 5.43
Earnings yield (3.13%) 4.60% (12.46%)
Free cash flow yield 0.00% (11.03%) (21.58%)

Profitability

Metric BEPC RNW Utilities Renewable median
Gross margin 60.13% 84.06% 41.45%
Operating margin 27.08% 59.41% 0.00%
Net margin (95.07%) 6.62% (0.87%)
Free cash flow margin 2.96% (16.86%) (9.23%)
Return on equity (44.74%) 6.73% 0.00%
Return on assets (8.27%) 0.95% (2.61%)
Return on invested capital 3.28% 6.79% 0.00%

Growth

Metric BEPC RNW Utilities Renewable median
Revenue growth (TTM) (4.48%) 11.87% 10.25%
EPS growth (last fiscal year) (178.13%) 123.08% —
Revenue growth, 5-year CAGR 4.24% 15.47% 6.29%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BEPC RNW Utilities Renewable median
Debt to equity 2.29 5.15 0.59
Current ratio 0.40 0.43 1.16
Net debt to EBITDA 6.22 6.64 2.66

Dividend

Metric BEPC RNW Utilities Renewable median
Dividend yield 5.61% — 5.61%
Payout ratio 0.33 0.00 0.00

Size

Metric BEPC RNW Utilities Renewable median
Market cap 5.27b 2.50b 239.67m

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