Ann: Infigen Energy FY19 Full Year Results, page-12

First 12 Last

Share
Profile

Follow
alfred137

1,036 Posts.

58

23/08/19

11:22

Post #: 40115998
Share

Originally posted by asparagii: ↑

Have a look at slide 11 - FY20 forecast cap. ex. of 8-12M. Big difference from the ~155M in FY19 (slide 9) as you said - hopefully all those investments payoff!

So free cash flow should improve a lot this FY and likely over the next few years, given they are focusing on 'capital lite' strategy (i.e. develop the wind farm and sell the approved project off for someone else to build/own, only to contract some of it's future output and re-sell that capacity on the NEM). I suspect this strategy has reduced margins cause they don't own it - but it's not costing them either, so it's "give and take". This FCF is no doubt the driving factor behind their planned ~150M of deleveraging over the next 3 years (and the dividend payment) - see slide 27. I'm glad they're planning to continue focusing on debt reduction: 3.2x EBITDA is still pretty high.

This Co. has done very well in re-inventing themselves IMO, considering the onerous debt load they used to have. It'll take time (a few years?), but I suspect we'll have a much stronger Co. in the mid-term, with a corresponding improved share price.

Expand

thanks. With reduced capex, 100% contracted LGC price and increased generation of 1900 GWh, i think FY20 can generate 150m FCF easily. with EV just a bit above 1B, still looking cheap.

IFN Price at posting: 56.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

ASX Market Close: Virgin soars on IPO | June 24, 2025

MTS

'Outperforming' Metcash books profits lift – even as illegal tobacco rocks sales

Virgin joins Greatland, VBX Ltd as IPO market heats up ahead of FY26

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

SPN

Sparc opens small-scale green H2 plant in SA, but liquidity dried up

First 12 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 0.0¢		Change 0.000(0.00%)		Mkt cap ! n/a

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Ann: Infigen Energy FY19 Full Year Results, page-12

ASX Market Close: Virgin soars on IPO | June 24, 2025

'Outperforming' Metcash books profits lift – even as illegal tobacco rocks sales

Virgin joins Greatland, VBX Ltd as IPO market heats up ahead of FY26

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

Sparc opens small-scale green H2 plant in SA, but liquidity dried up

Featured News

Featured News

Ann: Infigen Energy FY19 Full Year Results, page-12

Top Stories

ASX Market Close: Virgin soars on IPO | June 24, 2025

'Outperforming' Metcash books profits lift – even as illegal tobacco rocks sales

Virgin joins Greatland, VBX Ltd as IPO market heats up ahead of FY26

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

Sparc opens small-scale green H2 plant in SA, but liquidity dried up

Featured News

Featured News