Investors Should Be Encouraged By Ecosuntek's (BIT:ECK) Returns On Capital
Apr 19
Italian (Borsa Italiana) Renewable Energy Industry Analysis
UpdatedMay 17, 2024
DataAggregated Company Financials
Companies6
- 7D0.4%
- 3M-1.0%
- 1Y-1.1%
- YTD-5.5%
Over the last 7 days, the Renewable Energy industry has risen 1.2%, driven by gains from Alerion Clean Power of 2.6%. Overall in the last year, the industry is flat. Earnings are forecast to grow by 4.5% annually.
Industry Valuation and Performance
Has the Italian Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 17 May 2024 | €12.2b | €18.2b | €822.3m | 16.5x | 14.9x | 0.7x |
| Sun, 14 Apr 2024 | €12.1b | €20.2b | €791.3m | 15.7x | 15.3x | 0.6x |
| Tue, 12 Mar 2024 | €12.7b | €20.3b | €703.1m | 15.3x | 18.1x | 0.6x |
| Thu, 08 Feb 2024 | €12.4b | €23.5b | €575.8m | 22.8x | 21.5x | 0.5x |
| Sat, 06 Jan 2024 | €13.0b | €23.5b | €575.8m | 22.9x | 22.6x | 0.6x |
| Mon, 04 Dec 2023 | €12.4b | €23.5b | €575.8m | 22.3x | 21.5x | 0.5x |
| Wed, 01 Nov 2023 | €11.9b | €23.5b | €586.2m | 22.5x | 20.2x | 0.5x |
| Fri, 29 Sep 2023 | €11.6b | €29.0b | €346.2m | 26.1x | 33.5x | 0.4x |
| Sun, 27 Aug 2023 | €12.2b | €29.0b | €346.2m | 28.9x | 35.3x | 0.4x |
| Tue, 25 Jul 2023 | €12.5b | €31.3b | €565.8m | 19.2x | 22.2x | 0.4x |
| Thu, 22 Jun 2023 | €12.2b | €31.3b | €565.8m | 20.3x | 21.5x | 0.4x |
| Sat, 20 May 2023 | €12.7b | €30.8b | €565.2m | 16.3x | 22.4x | 0.4x |
| Mon, 17 Apr 2023 | €12.8b | €31.8b | €304.2m | 22.3x | 42x | 0.4x |
| Wed, 15 Mar 2023 | €12.5b | €32.3b | €502.7m | 18.9x | 25x | 0.4x |
| Fri, 10 Feb 2023 | €13.5b | €29.6b | €593.7m | 19.5x | 22.8x | 0.5x |
| Sun, 08 Jan 2023 | €12.8b | €29.6b | €593.7m | 19.5x | 21.5x | 0.4x |
| Tue, 06 Dec 2022 | €13.3b | €29.6b | €802.3m | 26.4x | 16.6x | 0.5x |
| Thu, 03 Nov 2022 | €13.4b | €29.6b | €802.3m | 26.5x | 16.7x | 0.5x |
| Sat, 01 Oct 2022 | €12.0b | €22.5b | €855.9m | 20x | 14x | 0.5x |
| Mon, 29 Aug 2022 | €13.8b | €22.5b | €854.3m | 21.1x | 16.2x | 0.6x |
| Wed, 27 Jul 2022 | €13.0b | €18.2b | €622.3m | 23.1x | 20.8x | 0.7x |
| Fri, 24 Jun 2022 | €12.0b | €18.2b | €622.3m | 20.6x | 19.3x | 0.7x |
| Sun, 22 May 2022 | €15.9b | €18.6b | €552.9m | 29.4x | 28.7x | 0.9x |
| Tue, 19 Apr 2022 | €17.7b | €13.7b | €623.9m | 30.9x | 28.3x | 1.3x |
| Thu, 17 Mar 2022 | €16.3b | €13.6b | €608.2m | 31.3x | 26.8x | 1.2x |
| Sat, 12 Feb 2022 | €15.2b | €10.5b | €768.1m | 30.2x | 19.8x | 1.5x |
| Mon, 10 Jan 2022 | €15.9b | €10.5b | €768.1m | 32.9x | 20.8x | 1.5x |
| Wed, 08 Dec 2021 | €15.2b | €10.5b | €768.1m | 31.4x | 19.8x | 1.5x |
| Fri, 05 Nov 2021 | €15.6b | €10.4b | €739.4m | 34.5x | 21.1x | 1.5x |
| Sun, 03 Oct 2021 | €13.0b | €9.1b | €619.4m | 25.4x | 21x | 1.4x |
| Tue, 31 Aug 2021 | €12.4b | €9.1b | €619.7m | 24x | 20x | 1.4x |
| Wed, 07 Jul 2021 | €11.7b | €9.1b | €619.7m | 22.8x | 18.9x | 1.3x |
Price to Earnings Ratio
26.3x
Current Industry PE
- Investors are pessimistic on the Italian Renewable Energy 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 14.9x which is lower than its 3-year average PE of 22.7x.
- The industry is trading close to its 3-year average PS ratio of 0.80x.
Past Earnings Growth
- The earnings for companies in the Renewable Energy industry have grown 23% per year over the last three years.
- Revenues for these companies have grown 30% 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 industry?
| IT Market | 2.69% | |
| Utilities | 3.50% | |
| Renewable Energy | 0.44% | |
| Renewable Energy | 0.61% | |
| Independent Power Producers and Energy Traders | 0.33% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 36.5x.
- Analysts are expecting annual earnings growth of 4.5%, which is lower than the prior year's growth of 81.7% per year.
- Investors are most pessimistic about the Independent Power Producers and Energy Traders industry, which is trading below its 3-year average of 21.8x.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 4.5% over the next 5 years.
- In contrast, the Renewable Energy industry is expected to see its earnings grow by 4.5% 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 | |
|---|---|---|---|---|---|
| ARN Alerion Clean Power | €18.60 | 2.6% +€25.8m | -37.9% | PE14.9x | |
| ECK Ecosuntek | €19.50 | 10.2% +€3.1m | 2.6% | PE6.3x | |
| ERG ERG | €26.60 | 0.08% +€2.9m | -4.2% | PE18.1x | |
| RNG Renergetica | €10.10 | 1.0% +€810.4k | 49.0% | PE46.6x | |
| FRE Frendy Energy | €0.20 | 0.5% +€59.3k | 4.7% | PE57.3x |