Earnings Not Telling The Story For Snam S.p.A. (BIT:SRG)
May 13
Italian (Borsa Italiana) Utilities Sector Analysis
UpdatedMay 17, 2024
DataAggregated Company Financials
Companies17
- 7D3.5%
- 3M11.3%
- 1Y8.5%
- YTD2.3%
Over the last 7 days, the Utilities industry has risen 4.2%, driven by gains from Enel of 4.8%. This means that the industry has gained 6.7% over the past year. As for the next few years, earnings are expected to grow by 5.2% per annum.
Sector Valuation and Performance
Has the Italian Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 17 May 2024 | €135.3b | €155.2b | €9.6b | 13.4x | 14.1x | 0.9x |
| Sun, 14 Apr 2024 | €121.7b | €168.1b | €8.8b | 14.1x | 13.9x | 0.7x |
| Tue, 12 Mar 2024 | €126.8b | €179.0b | €9.5b | 14.3x | 13.3x | 0.7x |
| Thu, 08 Feb 2024 | €123.6b | €182.2b | €9.3b | 16.4x | 13.3x | 0.7x |
| Sat, 06 Jan 2024 | €133.0b | €182.2b | €9.3b | 17.3x | 14.3x | 0.7x |
| Mon, 04 Dec 2023 | €129.7b | €182.2b | €9.3b | 16.5x | 13.9x | 0.7x |
| Wed, 01 Nov 2023 | €120.7b | €207.0b | €7.8b | 16.3x | 15.5x | 0.6x |
| Fri, 29 Sep 2023 | €117.4b | €212.5b | €7.6b | 16x | 15.5x | 0.6x |
| Sun, 27 Aug 2023 | €124.2b | €212.5b | €7.6b | 17x | 16.5x | 0.6x |
| Tue, 25 Jul 2023 | €126.9b | €227.9b | €6.9b | 16.5x | 18.3x | 0.6x |
| Thu, 22 Jun 2023 | €124.2b | €227.9b | €7.0b | 16.1x | 17.9x | 0.5x |
| Sat, 20 May 2023 | €127.1b | €227.2b | €7.0b | 13.3x | 18.2x | 0.6x |
| Mon, 17 Apr 2023 | €122.4b | €235.7b | €7.0b | 14.9x | 17.6x | 0.5x |
| Wed, 15 Mar 2023 | €115.3b | €227.5b | €6.7b | 13.4x | 17.3x | 0.5x |
| Fri, 10 Feb 2023 | €118.1b | €225.5b | €6.7b | 14x | 17.5x | 0.5x |
| Sun, 08 Jan 2023 | €118.4b | €225.5b | €6.7b | 13.3x | 17.6x | 0.5x |
| Tue, 06 Dec 2022 | €116.5b | €225.4b | €6.9b | 13.2x | 16.8x | 0.5x |
| Thu, 03 Nov 2022 | €105.9b | €197.5b | €7.7b | 11.8x | 13.7x | 0.5x |
| Sat, 01 Oct 2022 | €96.5b | €190.3b | €7.8b | 13.5x | 12.4x | 0.5x |
| Mon, 29 Aug 2022 | €112.8b | €190.3b | €7.8b | 14.9x | 14.5x | 0.6x |
| Wed, 27 Jul 2022 | €110.2b | €164.4b | €8.2b | 13.9x | 13.4x | 0.7x |
| Fri, 24 Jun 2022 | €116.5b | €166.6b | €8.2b | 15.3x | 14.2x | 0.7x |
| Sun, 22 May 2022 | €135.1b | €162.6b | €8.2b | 17.9x | 16.4x | 0.8x |
| Tue, 19 Apr 2022 | €137.6b | €141.4b | €8.0b | 19.8x | 17.2x | 1x |
| Thu, 17 Mar 2022 | €126.9b | €118.9b | €7.1b | 18.1x | 18x | 1.1x |
| Sat, 12 Feb 2022 | €131.5b | €116.1b | €7.3b | 16.7x | 18.1x | 1.1x |
| Mon, 10 Jan 2022 | €140.3b | €116.1b | €7.3b | 17.3x | 19.3x | 1.2x |
| Wed, 08 Dec 2021 | €138.0b | €116.1b | €7.3b | 17x | 19x | 1.2x |
| Fri, 05 Nov 2021 | €144.1b | €102.1b | €7.4b | 17.4x | 19.6x | 1.4x |
| Sun, 03 Oct 2021 | €133.1b | €100.7b | €7.2b | 16x | 18.4x | 1.3x |
| Tue, 31 Aug 2021 | €145.1b | €100.7b | €7.2b | 15.4x | 20.1x | 1.4x |
| Wed, 07 Jul 2021 | €143.2b | €100.7b | €7.2b | 15.5x | 19.8x | 1.4x |
Price to Earnings Ratio
21.9x
Current Industry PE
- Investors are pessimistic on the Italian Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 14.0x which is lower than its 3-year average PE of 16.7x.
- The industry is trading close to its 3-year average PS ratio of 0.82x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have grown 13% per year over the last three years.
- Revenues for these companies have grown 17% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Italian Utilities sector?
| IT Market | 2.69% | |
| Utilities | 3.50% | |
| Electric Utilities | 4.38% | |
| Other Utilities | 3.40% | |
| Gas Utilities | 1.87% | |
| Renewable Energy | 0.44% | |
| Water Utilities | 0% | |
Industry PE
- Investors are most optimistic about the Electric Utilities industry even though it's trading below its 3-year average PE ratio of 19.9x.
- Analysts are expecting annual earnings growth of 6.9%, which is lower than the prior year's growth of 28.9% per year.
- Investors are most pessimistic about the Other Utilities industry, which is trading close to its 3-year average of 11.2x.
Forecasted Growth
- Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 6.9% over the next 5 years.
- However this is lower than its past earnings growth rate of 29% per year.
- In contrast, the Other Utilities industry is expected to see its earnings growth to stay flat over the next few years.
