Clearway Energy, Inc. (CWEN) vs ReNew Energy Global PLC (RNW)

Clearway Energy, Inc. and ReNew Energy Global PLC are both Utilities Renewable companies. Clearway Energy, Inc. is the larger, with a market value of $6.0B against $2.5B — 2.4× the size. ReNew Energy Global PLC trades at the lower P/E: 21.7× against 744×. ReNew Energy Global PLC grew revenue faster over the last twelve months: 11.9% against 5.62%. ReNew Energy Global PLC has the higher net margin (6.62% vs 0.61%) and the higher return on invested capital (6.79% vs 0.81%). Across the 21 metrics below, ReNew Energy Global PLC leads on 15 and Clearway Energy, Inc. on 6.

Valuation

Metric CWEN RNW Utilities Renewable median
P/E 744.25 21.75 18.99
P/S 2.43 1.53 2.58
P/B 0.65 1.54 1.38
Price to free cash flow 5.49 n/m 5.71
EV/EBITDA 11.04 8.27 16.32
EV/Sales 8.11 6.00 5.43
Earnings yield 0.13% 4.60% (12.46%)
Free cash flow yield 18.21% (11.03%) (21.58%)

Profitability

Metric CWEN RNW Utilities Renewable median
Gross margin 63.50% 84.06% 41.45%
Operating margin 12.12% 59.41% 0.00%
Net margin 0.61% 6.62% (0.87%)
Free cash flow margin 44.18% (16.86%) (9.23%)
Return on equity 0.16% 6.73% 0.00%
Return on assets 0.06% 0.95% (2.61%)
Return on invested capital 0.81% 6.79% 0.00%

Growth

Metric CWEN RNW Utilities Renewable median
Revenue growth (TTM) 5.62% 11.87% 10.25%
EPS growth (last fiscal year) 90.67% 123.08% —
Revenue growth, 5-year CAGR 3.57% 15.47% 6.29%
Net income growth, 5-year CAGR 46.55% 0.00% 0.00%

Health

Metric CWEN RNW Utilities Renewable median
Debt to equity 1.66 5.15 0.59
Current ratio 1.11 0.43 1.16
Net debt to EBITDA 7.46 6.64 2.66

Dividend

Metric CWEN RNW Utilities Renewable median
Dividend yield 6.72% — 5.61%
Payout ratio 2.15 0.00 0.00

Size

Metric CWEN RNW Utilities Renewable median
Market cap 5.99b 2.50b 239.67m

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