Azure Power Global Ltd
OTC:AZREF
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P/OCF
Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.
Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.
Valuation Scenarios
If P/OCF returns to its 3-Year Average (0.9), the stock would be worth $1.35 (8% upside from current price).
| Scenario | P/OCF Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 0.8 | $1.25 |
0%
|
| 3-Year Average | 0.9 | $1.35 |
+8%
|
| 5-Year Average | 1.1 | $1.71 |
+37%
|
| Industry Average | 10.1 | $15.59 |
+1 147%
|
| Country Average | 23 | $35.48 |
+2 738%
|
Forward P/OCF
Today’s price vs future operating cash flow
Peer Comparison
| Market Cap | P/OCF | P/E | ||||
|---|---|---|---|---|---|---|
| IN |
|
Azure Power Global Ltd
OTC:AZREF
|
80.2m USD | 0.8 | -2.8 | |
| CN |
|
China Yangtze Power Co Ltd
SSE:600900
|
659.4B CNY | 12 | 20.2 | |
| ID |
B
|
Barito Renewables Energy PT Tbk
IDX:BREN
|
626.1T IDR | 172.6 | 298.1 | |
| CN |
|
Huaneng Lancang River Hydropower Inc
SSE:600025
|
175.9B CNY | 9.8 | 21.2 | |
| IN |
|
Adani Green Energy Ltd
NSE:ADANIGREEN
|
2T INR | 24.9 | 137.6 | |
| CN |
|
China Longyuan Power Group Corp Ltd
HKEX:916
|
137.6B HKD | 5.5 | 25.9 | |
| CN |
|
China Three Gorges Renewables Group Co Ltd
SSE:600905
|
118.6B CNY | 5.4 | 22.3 | |
| ES |
E
|
EDP Renovaveis SA
ELI:EDPR
|
14.4B EUR | -116.7 | 65.6 | |
| RO |
|
Societatea de Producere a Energiei Electrice in Hidrocentrale Hidroelectrica SA
F:E28
|
14B EUR | 15.6 | 23.6 | |
| CN |
|
Sichuan Chuantou Energy Co Ltd
SSE:600674
|
73.1B CNY | 89.3 | 15.5 | |
| IL |
E
|
Enlight Renewable Energy Ltd
TASE:ENLT
|
30.8B ILS | 36.3 | 77.7 |
Market Distribution
| Min | 0.5 |
| 30th Percentile | 14 |
| Median | 23 |
| 70th Percentile | 39.7 |
| Max | 28 676 |
Other Multiples
Azure Power Global Ltd
Glance View
Azure Power Global Ltd. is a holding company, which engages in the development, production, and sale of solar energy. The company is headquartered in New Delhi, Delhi and currently employs 471 full-time employees. The company went IPO on 2016-10-12. The firm is primarily engaged in the development, construction, ownership, operation, maintenance and management of solar power plants. The firm operates through the sale of power segment. The company supplies renewable energy to government utilities and independent industrial and commercial customers at fixed prices. The firm has a renewable energy asset base of over seven gigawatts (GWs) with approximately two GWs of operational capacity and over four GWs of capacity under construction and in the pipeline. The Company’s Solar Power Plant Project has a capacity of approximately 7,425 megawatts. Its portfolio is spread across India, including Rajasthan, Gujarat, Karnataka, Punjab, Andhra Pradesh, Telangana, Uttar Pradesh, Assam, Chhattisgarh, Bihar, Maharashtra and Delhi. The Company’s subsidiaries include Azure Power India Pvt. Ltd. and Azure Power Rooftop Pvt. Ltd.
