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Jan 29 2025, 08:35 GMT
Greencoat UK Wind
Q4 2024 NAV update
- Sectors : Renewable Infrastructure
- Companies : Greencoat UK Wind
DAVY VIEW
The P50 revisions reflected in Greencoat UK Wind’s (UKW) Q4 NAV update (6.5p impact) clear up an area of potential uncertainty for investors. Despite the adjustment, the company will generate a healthy 1.9x dividend cover over the next five years and over £1bn of excess capital (equivalent to more than one-third of existing market value). Indeed, the company is now trading at an attractive 0.81 P/NAV, implying a share price adjusted equity risk premium of 7.9%.
