# THE RENEWABLES INFRASTRUCTURE GROUP LIMITED (TRIG.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Utilities. Price 76p, market value 1.8 billionp.

## Valuation
- **P/E (trailing): n/a** (negative earnings). THE RENEWABLES INFRASTRUCTURE GROUP LIMITED reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / book: 0.8×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: 14.4%** (5-yr avg 0.1%). Free cash flow equals 14.4% of the market value, above its five-year average of 0.1%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.

## Profitability
- **Gross margin: 129.8%**. THE RENEWABLES INFRASTRUCTURE GROUP LIMITED keeps 129.8% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 149.2%**. 149.2% of revenue is left after running the business, an exceptional level.
- **Net margin: -103.2%**. The company reported a net loss over the last twelve months.
- **Return on equity: -5.2%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -9.2%**. Return on all capital, debt included, is -9.2%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -9.8%**. Each dollar of assets produces -9.8% of profit.

## Growth
- **Revenue growth (1 yr): 211.5%** (3-yr -37.8%/yr, 5-yr 10.9%/yr). Revenue grew 211.5% over the last year, against 10.9% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): -15.7%**. Earnings per share fell 15.7%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -35.2%/yr**. Free cash flow has compounded at -35.2% a year over three years.

## Financial health
- **Debt to equity: 0.00**. Debt is 0.00 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.1×**. It would take 0.1 years of operating earnings to repay net borrowings, within the comfortable range.
- **Current ratio: 6.55** (quick 6.55). Current assets cover the next year's liabilities 6.55 times.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 9.93%** (0p per share, trailing). THE RENEWABLES INFRASTRUCTURE GROUP LIMITED yields 9.93%, high enough to check carefully: yields this high often precede a cut.
- **Consecutive years of increases: 8**. 8 straight years of increases.
- **Dividend growth (5 yr): 2.4%/yr** (1-yr 1.8%). The dividend has grown 2.4% a year over five years.
- **Shareholder yield: 14.2%**. Dividends plus net buybacks return 14.2% of the market value a year.

## Price and momentum
- **Total return (1 yr): -1.2%** (YTD 10.4%, 3-mo 2.0%). The shares are down 1.2% over twelve months including dividends.
- **From 52-week high: -5.6%** (20.3% above the low). Trading 6% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 50**. An RSI of 50 is neutral.
- **Beta (1 yr): 0.37** (volatility 21%). Beta of 0.37 against the FTSE All-Share: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=TRIG.L · Page: https://foliofundamentals.com/stocks/trig.l

Not investment advice.