Here's Why Brookfield Renewable (TSE:BEPC) Is Weighed Down By Its Debt Load
Apr 29
Canadian (TSX) Renewable Energy Industry Analysis
UpdatedMay 02, 2024
DataAggregated Company Financials
Companies15
- 7D5.5%
- 3M-8.3%
- 1Y-24.1%
- YTD-9.0%
The Renewable Energy industry is up 5.5% in the last week, with Brookfield Renewable up 9.9%. In contrast, the industry has lost 24% in the last 12 months. Earnings are forecast to grow by 12% annually.
Industry Valuation and Performance
Has the Canadian Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 02 May 2024 | CA$44.1b | CA$24.9b | CA$843.8m | 7.5x | 52.3x | 1.8x |
| Sat, 30 Mar 2024 | CA$46.7b | CA$24.9b | CA$897.8m | 13.1x | 52x | 1.9x |
| Mon, 26 Feb 2024 | CA$46.8b | CA$24.8b | CA$585.2m | 28.6x | 80x | 1.9x |
| Wed, 24 Jan 2024 | CA$54.5b | CA$24.8b | CA$3.5b | 16.2x | 15.8x | 2.2x |
| Fri, 22 Dec 2023 | CA$54.5b | CA$24.6b | CA$3.4b | 15.9x | 15.9x | 2.2x |
| Sun, 19 Nov 2023 | CA$53.5b | CA$25.0b | CA$3.5b | 26.6x | 15.3x | 2.1x |
| Tue, 17 Oct 2023 | CA$48.3b | CA$24.2b | CA$1.7b | 17.8x | 28.2x | 2x |
| Thu, 14 Sep 2023 | CA$55.0b | CA$24.1b | CA$1.7b | 19.9x | 32.2x | 2.3x |
| Sat, 12 Aug 2023 | CA$56.4b | CA$24.0b | CA$1.7b | 16.7x | 33.3x | 2.4x |
| Mon, 10 Jul 2023 | CA$59.5b | CA$23.8b | CA$2.8b | 23.6x | 21.4x | 2.5x |
| Wed, 07 Jun 2023 | CA$64.8b | CA$23.9b | CA$2.8b | 20.1x | 23.3x | 2.7x |
| Fri, 05 May 2023 | CA$62.8b | CA$23.4b | CA$2.9b | 20x | 21.7x | 2.7x |
| Sun, 02 Apr 2023 | CA$65.4b | CA$22.6b | CA$2.7b | 44.9x | 24.4x | 2.9x |
| Tue, 28 Feb 2023 | CA$56.8b | CA$22.4b | CA$2.6b | 39.1x | 21.6x | 2.5x |
| Thu, 26 Jan 2023 | CA$62.2b | CA$21.6b | CA$1.6b | 27.1x | 39.3x | 2.9x |
| Sat, 24 Dec 2022 | CA$58.8b | CA$21.8b | CA$1.6b | 25.6x | 36.8x | 2.7x |
| Mon, 21 Nov 2022 | CA$62.3b | CA$21.6b | CA$1.6b | 29.3x | 39.3x | 2.9x |
| Wed, 19 Oct 2022 | CA$63.8b | CA$21.0b | CA$691.2m | 28.8x | 92.2x | 3x |
| Fri, 16 Sep 2022 | CA$78.0b | CA$20.5b | CA$676.6m | 36.7x | 115.3x | 3.8x |
| Sun, 14 Aug 2022 | CA$78.2b | CA$20.1b | CA$669.7m | 38.7x | 116.7x | 3.9x |
| Tue, 12 Jul 2022 | CA$70.1b | CA$19.3b | -CA$139,355,043.00 | 34.5x | -502.9x | 3.6x |
| Thu, 09 Jun 2022 | CA$70.3b | CA$19.0b | -CA$128,090,227.00 | 36x | -548.4x | 3.7x |
| Sat, 07 May 2022 | CA$69.3b | CA$19.1b | -CA$453,533,977.00 | 50.6x | -152.7x | 3.6x |
| Mon, 04 Apr 2022 | CA$76.0b | CA$18.4b | CA$460.7m | 44x | 164.9x | 4.1x |
| Wed, 02 Mar 2022 | CA$69.9b | CA$18.5b | CA$410.8m | 43.3x | 170.2x | 3.8x |
| Fri, 28 Jan 2022 | CA$62.4b | CA$17.9b | -CA$1,733,468,981.00 | 30x | -36x | 3.5x |
| Sun, 26 Dec 2021 | CA$68.6b | CA$17.9b | -CA$1,735,988,018.00 | 33.6x | -39.5x | 3.8x |
| Tue, 23 Nov 2021 | CA$71.8b | CA$17.8b | -CA$1,722,716,007.00 | 23x | -41.7x | 4x |
| Thu, 21 Oct 2021 | CA$72.6b | CA$17.0b | -CA$3,092,907,053.00 | 11.8x | -23.5x | 4.3x |
| Sat, 18 Sep 2021 | CA$75.5b | CA$17.3b | -CA$3,203,569,298.00 | 10.7x | -23.6x | 4.4x |
| Mon, 16 Aug 2021 | CA$72.8b | CA$17.1b | -CA$3,133,199,753.76 | 19.2x | -23.2x | 4.3x |
| Mon, 31 May 2021 | CA$71.3b | CA$16.9b | -CA$3,957,360,773.32 | 18.2x | -18x | 4.2x |
Price to Earnings Ratio
-18.3x
Current Industry PE
- Investors are optimistic on the Canadian Renewable Energy industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 52.3x which is higher than its 3-year average PE of -9.7x.
- The 3-year average PS ratio of 3.1x is higher than the industry's current PS ratio of 1.8x.
Past Earnings Growth
- Total earnings for the Renewable Energy industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 14% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Canadian Utilities industry?
| CA Market | -0.54% | |
| Utilities | 2.44% | |
| Renewable Energy | 5.52% | |
| Renewable Energy | 6.70% | |
| Independent Power Producers and Energy Traders | 0.24% | |
Industry PE
- Investors are most optimistic about the Independent Power Producers and Energy Traders industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings decline of 12.6%, which is lower than the prior year's growth of 136.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 15% over the next 5 years.
- In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings decline by 13% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BEPC Brookfield Renewable | CA$35.39 | 9.9% +CA$1.2b | -20.8% | PS2.1x | |
| BLX Boralex | CA$28.92 | 4.9% +CA$138.7m | -26.5% | PE38.1x | |
| TA TransAlta | CA$9.19 | 1.2% +CA$33.8m | -25.2% | PE4.4x | |
| RNW TransAlta Renewables | CA$12.34 | 0.4% +CA$13.3m | -9.1% | PE42.2x | |
| INE Innergex Renewable Energy | CA$8.22 | 0.4% +CA$6.1m | -39.8% | PS1.6x |