AZRE:NYE-Azure Power Global Limited (USD)

COMMON STOCK | Utilities-Renewable | NYE

Last Closing Price

USD 15.55

Change

-0.21 (-1.33)%

Market Cap

USD 0.77B

Volume

0.39M

Avg Analyst Target

USD 32.50 (+109.00%)

Avg User Target

USD
Average Analyst Rating

Verdict

Fundamental Analysis

Verdict

Azure Power Global Limited (AZRE) Stock Analysis:
Based on the Azure Power Global Limited stock forecasts from 3 analysts, the average analyst target price for Azure Power Global Limited is USD 32.50 over the next 12 months. Azure Power Global Limited’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Azure Power Global Limited is Slightly Bullish , which is based on 8 positive signals and 6 negative signals. At the last closing, Azure Power Global Limited’s stock price was USD 15.55. Azure Power Global Limited’s stock price has changed by +0.13% over the past week, -2.50% over the past month and -66.67% over the last year.

About

Azure Power Global Limited, together with its subsidiaries, engages in the development, construction, ownership, operation, maintenance, and management of renewable energy projects in India. It generates solar energy based on long-term contracts with Indian government energy dist ...Read More

Company Website : https://www.azurepower.com

Address : Southern Park, New Delhi, India, 110017

Employees : 471

Fiscal Year End : March

Currency: USD

Country : USA

Technical Indicators

Beta : 0.70

52 Week High : 46.72

Short Ratio : 8.09

52 Week Low : 14.88

Shorted Shares : 2,106,404

200 Day Moving Average : 22.12

Shorted Shares Previous Month : 2,154,622

50 Day Moving Average : 19.56

Shares Held By Insiders : 0.08%

Short Percentage : 12.48%

Shares Held by Institutions : 106.62%

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

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Relative Returns (From:    To: 2022-01-20 )

Largest Industry Peers for Utilities-Renewable

Symbol Name Price(Change) Market Cap Price / Earning Ratio EV/EBITDA
AQN Algonquin Power & Utilities Co..

+0.02 (+0.14%)

 USD11.69B 9.73 14.50
BEP Brookfield Renewable Partners ..

-0.07 (-0.21%)

 USD11.33B 254.05 12.59
NEP NextEra Energy Partners LP

+0.20 (+0.27%)

 USD6.17B 26.62 16.52
BEPC Brookfield Renewable Corporati..

-0.04 (-0.12%)

 USD5.76B 97.82 16.00
ORA Ormat Technologies Inc

-2.71 (-3.47%)

 USD4.37B 67.52 16.60
CWEN Clearway Energy Inc

-0.22 (-0.65%)

 USD3.77B 114.88 14.34
CWEN-A Clearway Energy Inc

-0.26 (-0.84%)

 USD3.74B 104.91 14.34
AMPS Altus Power Inc.

-0.28 (-3.39%)

 USD1.35B N/A N/A
ELLO Ellomay Capital Ltd

N/A

 USD0.38B 32.46 73.86
BEP-PA Brookfield Renewable Partners ..

-0.24 (-0.93%)

 N/A N/A N/A

ETFs Containing AZRE

Symbol Name Weight Mer Price(Change) Market Cap
BICK First Trust BICK Index Fu.. 0.00 % 0.64 %

+0.42 (+1.35%)

 USD0.02B

Market Performance

  Market Performance vs.
Industry/Classification (Utilities-Renewable)		 Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain -14.33% 17% F 10% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -14.33% 17% F 10% F
Trailing 12 Months  
Capital Gain -66.67% 10% F 3% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -66.67% 10% F 3% F
Trailing 5 Years  
Capital Gain -5.47% 20% F 27% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -5.47% 20% F 18% F
Average Annual (5 Year Horizon)  
Capital Gain 25.20% 91% A- 84% B
Dividend Return N/A N/A N/A N/A N/A
Total Return 25.20% 82% B- 83% B
Risk Return Profile  
Volatility (Standard Deviation) 68.21% 9% F 12% F
Risk Adjusted Return 36.95% 36% F 41% F
Market Capitalization 0.77B 20% F 45% F
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 87%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Key Financial Ratios

  Ratio vs. Industry/Classification
(Utilities-Renewable)		 Ratio vs. Market
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 709.60 10% F 2% F
Price/Book Ratio 2.76 44% F 37% F
Price / Cash Flow Ratio 0.16 90% A- 79% C+
EV/EBITDA 0.23 100% A+ 97% A+
Management Effectiveness  
Return on Equity -13.36% 18% F 19% F
Return on Invested Capital 6.12% 91% A- 59% F
Return on Assets 4.07% 100% A+ 64% D
Debt to Equity Ratio 370.84% 18% F 8% F
Technical Ratios  
Short Ratio 8.09 30% F 6% F
Short Percent 12.48% 10% F 26% F
Beta 0.70 30% F 74% C
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Ratings

Target Price Action Rating Action Analyst Rating Price Date

Discussions

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User / Independent Analyst Ratings

User Name Target Rating Target Horizon (Months) Target Price User Analysis Date Comment

Fundamental Analysis Breakdown

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Underpriced on cashflow basis

The stock is trading low compared to its peers on a price to cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Superior capital utilization

The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior return on assets

The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Underpriced on free cash flow basis

The stock is trading low compared to its peers on a price to free cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Superior Revenue Growth

This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.

High Gross Profit to Asset Ratio

This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.

What to not like:
Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.

Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Highly leveraged

The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.