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TransAlta Renewables Stock

TransAlta Renewables P/E 2024

TransAlta Renewables P/E

17.37

Ticker

RNW.TO

ISIN

CA8934631091

As of Nov 1, 2024, TransAlta Renewables's P/E ratio was 17.37, a -12.89% change from the 19.94 P/E ratio recorded in the previous year.

The TransAlta Renewables P/E history

TransAlta Renewables Aktienanalyse

What does TransAlta Renewables do?

TransAlta Renewables Inc. is a Canadian company specializing in renewable energy and is the largest Canadian developer, owner, and operator of wind, water, and solar energy facilities. It was founded in 2013 as a subsidiary of TransAlta Corporation, a leading Canadian power generation company. TransAlta Renewables Inc. operates a wide range of renewable energy facilities in Canada, the United States, and Australia. The company's business model is based on operating renewable energy facilities for power generation, primarily through long-term power purchase agreements. It focuses on wind energy, followed by hydro and solar power. The company operates wind energy facilities in Canada, the US, and Australia, with a total installed capacity of 1117 MW. It also operates hydro facilities in Canada with a total installed capacity of 62 MW and solar power facilities in Canada and Australia with a total installed capacity of 20 MW. TransAlta Renewables primarily sells electricity from renewable energy sources to utility companies and large industrial customers with the goal of reducing reliance on fossil fuels and promoting sustainable energy generation. Overall, TransAlta Renewables Inc. is a significant player in the renewable energy sector and has experienced impressive growth in recent years. It specializes in wind, hydro, and solar power generation and offers long-term power purchase agreements to ensure reliable electricity supply. The company plays a key role in advancing the energy transition and shaping a sustainable future. TransAlta Renewables ist eines der beliebtesten Unternehmen auf Eulerpool.com.

P/E Details

Deciphering TransAlta Renewables's P/E Ratio

The Price to Earnings (P/E) Ratio of TransAlta Renewables is a vital metric that investors and analysts use to determine the company’s market value relative to its earnings. It is calculated by dividing the current stock price by the earnings per share (EPS). A higher P/E ratio could suggest that investors are expecting higher future growth, while a lower ratio may indicate a potentially undervalued company or lower growth expectations.

Year-to-Year Comparison

Assessing TransAlta Renewables's P/E ratio on a yearly basis provides insights into the valuation trends and investor sentiment. An increasing P/E ratio over the years signifies growing investor confidence and expectations for future earnings growth, while a decreasing ratio may reflect concerns over the company's profitability or growth prospects.

Impact on Investments

The P/E ratio of TransAlta Renewables is a key consideration for investors aiming to balance risk and reward. A comprehensive analysis of this ratio, in conjunction with other financial indicators, aids investors in making informed decisions regarding buying, holding, or selling the company’s stocks.

Interpreting P/E Ratio Fluctuations

Fluctuations in TransAlta Renewables’s P/E ratio can be attributed to various factors including changes in earnings, stock price movements, and shifts in investor expectations. Understanding the underlying reasons for these fluctuations is essential for predicting future stock performance and assessing the company's intrinsic value.

Frequently Asked Questions about TransAlta Renewables stock

What is the price-to-earnings ratio of TransAlta Renewables?

The price-earnings ratio of TransAlta Renewables is currently 17.37.

How has the price-earnings ratio of TransAlta Renewables changed compared to last year?

The price-to-earnings ratio of TransAlta Renewables has increased by -12.89% fallen (meaning "decreased" or "dropped") compared to last year.

What consequences does a high price-earnings ratio have for investors?

A high price-to-earnings ratio indicates that the company's stock is relatively expensive and investors may potentially achieve a lower return.

What does a low price-earnings ratio mean?

A low price-earnings ratio means that the company's stock is relatively cheap and investors may potentially achieve a higher return.

Is the price-earnings ratio of TransAlta Renewables high compared to other companies?

Yes, the price-to-earnings ratio of TransAlta Renewables is high compared to other companies.

How does an increase in the price-earnings ratio of TransAlta Renewables affect the company?

An increase in the price-earnings ratio of TransAlta Renewables would lead to a higher market capitalization of the company, which in turn would lead to a higher valuation of the company.

How does a reduction in the price-to-earnings ratio of TransAlta Renewables affect the company?

A decrease in the price-earnings ratio of TransAlta Renewables would result in a lower market capitalization of the company, which in turn would lead to a lower valuation of the company.

What are some factors that influence the price-earnings ratio of TransAlta Renewables?

Some factors that influence the price-earnings ratio of TransAlta Renewables are the company's growth, financial position, industry development, and the overall economic situation.

How much dividend does TransAlta Renewables pay?

Over the past 12 months, TransAlta Renewables paid a dividend of . This corresponds to a dividend yield of about . For the coming 12 months, TransAlta Renewables is expected to pay a dividend of 0.87 CAD.

What is the dividend yield of TransAlta Renewables?

The current dividend yield of TransAlta Renewables is .

When does TransAlta Renewables pay dividends?

TransAlta Renewables pays a quarterly dividend. This is distributed in the months of July, August, September, October.

How secure is the dividend of TransAlta Renewables?

TransAlta Renewables paid dividends every year for the past 14 years.

What is the dividend of TransAlta Renewables?

For the upcoming 12 months, dividends amounting to 0.87 CAD are expected. This corresponds to a dividend yield of 6.94 %.

In which sector is TransAlta Renewables located?

TransAlta Renewables is assigned to the 'Utilities' sector.

Wann musste ich die Aktien von TransAlta Renewables kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of TransAlta Renewables from 9/29/2023 amounting to 0.078 CAD, you needed to have the stock in your portfolio before the ex-date on 9/14/2023.

When did TransAlta Renewables pay the last dividend?

The last dividend was paid out on 9/29/2023.

What was the dividend of TransAlta Renewables in the year 2023?

In the year 2023, TransAlta Renewables distributed 0.94 CAD as dividends.

In which currency does TransAlta Renewables pay out the dividend?

The dividends of TransAlta Renewables are distributed in CAD.

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Andere Kennzahlen von TransAlta Renewables

Our stock analysis for TransAlta Renewables Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of TransAlta Renewables Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.