We revise our estimates, primarily to incorporate the Paro acquisition, resulting in an average 3% increase in our forecasts for diluted EPS through FY25. Renewi's FY22 results demonstrated that its business and financial performance have moved to a new level, underscored by the positive 1QFY23/AGM update. While Renewi has started to re-rate, we continue to believe that the share price has yet to reflect the transformation in the company's earnings power fully, while the potential ECP bid for Bi ....
04 Aug 2022
Renewi - Incorporating Paro, raising TP to £10
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Renewi - Incorporating Paro, raising TP to £10
Renewi Plc (RWI:LON) | 563 -5.6 (-0.2%) | Mkt Cap: 453.5m
- Published:
04 Aug 2022 -
Author:
Colin Smith -
Pages:
7
We revise our estimates, primarily to incorporate the Paro acquisition, resulting in an average 3% increase in our forecasts for diluted EPS through FY25. Renewi's FY22 results demonstrated that its business and financial performance have moved to a new level, underscored by the positive 1QFY23/AGM update. While Renewi has started to re-rate, we continue to believe that the share price has yet to reflect the transformation in the company's earnings power fully, while the potential ECP bid for Bi ....