RENOVA (9519) AI Stock Analysis

• Market Cap: ¥60.67B
• Dividend Yield: N/A
• Average Volume (3M): 560.25K
• Price to Earnings (P/E): 9.8
• Beta (1Y): 1.27
• Revenue Growth: 28.85%
• EPS Growth: -9.70%
• Country: JP
• Employees: 287
• Sector: Real Estate
• Sector Strength: 53
• Industry: Renewable Utilities
• EPS (TTM): N/A
• Shares Outstanding: 91,242,700
• 10 Day Avg. Volume: 466,670
• 30 Day Avg. Volume: 560,246
• PEG Ratio: -0.29
• Price to Book (P/B): 0.64
• Price to Sales (P/S): 0.81
• P/FCF Ratio: 2.47
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: ¥803.00 ▲(25.08% Upside)

RENOVA's overall stock score reflects moderate financial performance with stable revenue growth but declining margins and high leverage. Technical indicators suggest bearish momentum, while the valuation appears attractive due to a low P/E ratio. The lack of earnings call data and corporate events limits further insights.

Positive Factors

Stable Revenue Growth

Stable revenue growth indicates consistent demand for RENOVA's renewable energy solutions, supporting long-term business sustainability.

Long-term PPAs

Long-term PPAs provide RENOVA with predictable and stable revenue streams, enhancing financial stability and planning.

Industry Position

As a leader in renewable energy, RENOVA benefits from industry growth trends and increasing demand for sustainable energy solutions.

Negative Factors

High Leverage

High leverage poses financial risk, potentially limiting RENOVA's ability to invest in new projects and weather economic downturns.

Declining Margins

Declining margins may indicate rising costs or pricing pressure, which could affect profitability and competitive positioning over time.

Cash Flow Challenges

Challenges in cash flow management could impact RENOVA's ability to fund operations and invest in growth opportunities.

RENOVA Business Overview & Revenue Model

Company Description

RENOVA (9519) is a leading company in the renewable energy sector, primarily focused on the development and management of solar power generation facilities. The company operates in various markets, providing clean energy solutions through its innovative technology and infrastructure. RENOVA is committed to promoting sustainable practices and reducing carbon footprints by leveraging renewable resources to deliver reliable electricity.

How the Company Makes Money

RENOVA generates revenue primarily through the sale of electricity produced by its solar power plants. The company enters into long-term power purchase agreements (PPAs) with utilities and large corporations, ensuring a stable income stream. Additionally, RENOVA may earn income from government incentives and subsidies related to renewable energy production. The firm also engages in project financing and may partner with other energy companies or investors, which can enhance its capital resources and expand its operational capacity.

RENOVA Financial Statement Overview

Summary

RENOVA shows positive revenue growth but faces challenges with declining profit margins and high leverage. The balance sheet indicates financial risk due to significant debt levels. Cash flow generation is moderate, with some concerns over free cash flow sustainability. Overall, the company needs to address profitability and leverage to improve financial health.

Income Statement

RENOVA's revenue growth is positive, with a TTM growth rate of 7.64%, indicating a steady increase in sales. However, the gross profit margin has decreased over time, from 89.69% in 2021 to 22.01% in TTM, suggesting rising costs or pricing pressures. The net profit margin is stable at around 3.82% in TTM, but significantly lower than previous years, indicating reduced profitability. The EBIT and EBITDA margins have also declined, reflecting operational challenges.

Balance Sheet

The company has a high debt-to-equity ratio of 3.74 in TTM, indicating significant leverage, which poses financial risk. Return on equity has decreased to 2.85% in TTM, reflecting lower profitability for shareholders. The equity ratio is relatively low, suggesting a higher reliance on debt financing. These factors highlight potential financial stability concerns.

Cash Flow

Operating cash flow is positive, but the free cash flow has shown negative growth of -3.93% in TTM, indicating challenges in generating cash after capital expenditures. The operating cash flow to net income ratio is 0.57, showing moderate cash generation efficiency. The free cash flow to net income ratio is 0.71, suggesting some ability to convert profits into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	77.22B	70.25B	44.75B	33.58B	29.34B	20.55B
Gross Profit	26.50B	17.65B	27.34B	23.61B	22.29B	18.41B
EBITDA	30.25B	25.47B	26.88B	17.15B	18.53B	21.54B
Net Income	6.14B	2.69B	8.86B	2.68B	1.58B	11.51B
Balance Sheet
Total Assets	556.40B	530.05B	465.40B	303.38B	296.22B	220.55B
Cash, Cash Equivalents and Short-Term Investments	78.55B	87.47B	66.49B	49.63B	44.28B	40.36B
Total Debt	341.51B	332.92B	306.87B	206.08B	207.10B	160.41B
Total Liabilities	412.24B	396.63B	359.70B	238.65B	243.78B	195.68B
Stockholders Equity	93.19B	89.11B	68.00B	42.95B	31.89B	15.25B
Cash Flow
Free Cash Flow	17.51B	23.00B	2.82B	-804.00M	-3.35B	6.85B
Operating Cash Flow	24.66B	31.50B	18.73B	10.13B	12.15B	12.47B
Investing Cash Flow	-17.63B	-16.50B	-24.35B	-9.33B	-18.52B	-13.48B
Financing Cash Flow	-17.44B	-8.29B	1.38B	3.03B	3.37B	9.78B

RENOVA Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 642.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9519, the sentiment is Negative. The current price of 642 is below the 20-day moving average (MA) of 665.00, below the 50-day MA of 725.12, and below the 200-day MA of 742.45, indicating a neutral trend. The MACD of -15.50 indicates Negative momentum. The RSI at 40.61 is Neutral, neither overbought nor oversold. The STOCH value of 29.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9519.

RENOVA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
1407	61 Neutral	¥61.59B	11.29	―	4.59%	-6.23%	-19.98%
9514	60 Neutral	¥7.88B	13.56	―	2.29%	4.05%	38.64%
9519	58 Neutral	¥60.67B	9.83	6.76%	―	28.85%	-9.70%
9517	55 Neutral	¥48.84B	22.86	―	1.79%	-15.80%	―
5074	48 Neutral	¥26.97B	-60.44	―	1.46%	25.53%	-128.67%
1711	44 Neutral	¥2.56B	-16.28	―	―	3.63%	7.60%

RENOVA Corporate Events

RENOVA Restructures Organization and Management to Bolster Renewable Energy Competitiveness

RENOVA will merge its Project Development and Green Transformation divisions to create an integrated electricity sales framework that combines all of its power sources, aiming to better meet customer demand, allocate resources more flexibly amid intensifying domestic competition, and strengthen solution proposals by sharing expertise across different technologies. In conjunction with this reorganization, the company is reshuffling its management structure effective January 1, 2026, including appointing Naoki Okada as Executive Officer in charge of the Green Transformation Division, adjusting CEO Yosuke Kiminami’s scope of responsibility, and implementing several executive departures, signaling a strategic push to streamline governance and reinforce competitiveness in Japan’s renewable energy market.

The most recent analyst rating on (JP:9519) stock is a Hold with a Yen803.00 price target. To see the full list of analyst forecasts on RENOVA stock, see the JP:9519 Stock Forecast page.

RENOVA Reports November 2025 Electricity Sales with Notable Growth

RENOVA, Inc. reported its electricity sales for November 2025, showing a slight increase of 0.5% from planned figures and a significant year-over-year growth of 78.7%. Despite some output curtailment due to control instructions from Each Electric Powers, Incorporated, the impact on the company’s financial forecast remains minor, indicating resilience in its operations and strategic planning.

The most recent analyst rating on (JP:9519) stock is a Hold with a Yen803.00 price target. To see the full list of analyst forecasts on RENOVA stock, see the JP:9519 Stock Forecast page.

RENOVA Reports No Damage from Aomori Earthquake

RENOVA, Inc. announced that the recent earthquake off the east coast of Aomori Prefecture did not cause any damage to its solar PV and biomass power plants in the Tohoku region. The company assured stakeholders that it will provide updates if any future developments occur that may impact its financial standing.

The most recent analyst rating on (JP:9519) stock is a Hold with a Yen803.00 price target. To see the full list of analyst forecasts on RENOVA stock, see the JP:9519 Stock Forecast page.

RENOVA Secures Loan for Non-FIT Solar PV Expansion

RENOVA, Inc. has announced that its subsidiary, First Solar Power G.K., has executed a loan agreement with financial covenants to support project financing for its Non-FIT solar PV projects. This agreement is part of RENOVA’s strategy to expand its Non-FIT solar PV business, which is crucial for achieving its Medium-term Management Plan 2030 goals. The project finance arrangement covers approximately 170MW of the total 206MW capacity under existing PPAs, supporting the company’s aim to reach a total capacity of 5.0GW by the fiscal year ending March 2031. The impact on the current fiscal year’s financial results is expected to be minor.

The most recent analyst rating on (JP:9519) stock is a Hold with a Yen803.00 price target. To see the full list of analyst forecasts on RENOVA stock, see the JP:9519 Stock Forecast page.

RENOVA Reports October 2025 Electricity Sales with Strong Year-Over-Year Growth

RENOVA, Inc. reported its electricity sales figures for October 2025, highlighting a 5.9% decrease from planned sales but a significant 57% year-over-year increase. Despite minor output curtailment affecting revenue, the company remains on track with its annual revenue plan, reflecting strong growth and resilience in the renewable energy market.

The most recent analyst rating on (JP:9519) stock is a Hold with a Yen887.00 price target. To see the full list of analyst forecasts on RENOVA stock, see the JP:9519 Stock Forecast page.

RENOVA Resumes Operations at Omaezakikou Biomass Power Plant

RENOVA, Inc. announced the resumption of operations at its Omaezakikou Biomass Power Plant following extensive inspection and repair work. The plant’s maintenance, initially scheduled for January 2026, has been deemed unnecessary due to the recent repairs. Despite the temporary suspension affecting revenue, the financial impact for the fiscal year ending March 31, 2026, is expected to be minor, thanks to completed maintenance, a buffer for unscheduled suspensions, lower fuel prices, and additional business development fees.

The most recent analyst rating on (JP:9519) stock is a Hold with a Yen959.00 price target. To see the full list of analyst forecasts on RENOVA stock, see the JP:9519 Stock Forecast page.