Is Aega (OB:AEGA) Using Debt Sensibly?
Apr 13
Norwegian (OSEAX) Renewable Energy Industry Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies7
- 7D-2.9%
- 3M4.1%
- 1Y-7.5%
- YTDn/a
Over the last 7 days, the Renewable Energy industry has dropped 2.9%, driven by a pullback from Scatec of 4.1%. The industry has fallen 7.5% in the last year. In the next few years, earnings are forecast to decline by 13% annually.
Industry Valuation and Performance
Has the Norwegian Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | kr15.4b | kr4.4b | kr753.2m | 13.9x | 20.5x | 3.5x |
| Tue, 16 Apr 2024 | kr14.5b | kr4.0b | kr683.9m | 13.7x | 21.2x | 3.6x |
| Thu, 14 Mar 2024 | kr13.4b | kr3.9b | kr722.6m | 13x | 18.6x | 3.4x |
| Sat, 10 Feb 2024 | kr14.6b | kr4.2b | kr897.0m | 12.1x | 16.3x | 3.5x |
| Mon, 08 Jan 2024 | kr15.8b | kr4.0b | kr95.0m | 7.1x | 165.9x | 3.9x |
| Wed, 06 Dec 2023 | kr15.7b | kr4.0b | kr88.8m | 6.5x | 176.9x | 3.9x |
| Fri, 03 Nov 2023 | kr14.0b | kr4.0b | kr300.3m | 150.2x | 46.7x | 3.5x |
| Sun, 01 Oct 2023 | kr13.7b | kr3.7b | kr401.8m | 145.9x | 34.2x | 3.7x |
| Tue, 29 Aug 2023 | kr15.3b | kr3.7b | kr409.7m | 170x | 37.4x | 4.1x |
| Thu, 27 Jul 2023 | kr17.5b | kr3.5b | -kr255,688,592.00 | 34.3x | -68.5x | 4.9x |
| Sat, 24 Jun 2023 | kr15.2b | kr3.5b | -kr264,700,325.00 | 15.9x | -57.5x | 4.4x |
| Mon, 22 May 2023 | kr16.4b | kr3.5b | -kr294,055,350.00 | 14.7x | -55.6x | 4.7x |
| Wed, 19 Apr 2023 | kr15.7b | kr3.7b | -kr1,458,394,981.00 | 25.9x | -10.8x | 4.2x |
| Fri, 17 Mar 2023 | kr14.7b | kr3.7b | -kr1,438,044,028.00 | 24.7x | -10.2x | 4x |
| Sun, 12 Feb 2023 | kr17.5b | kr3.6b | -kr1,492,477,392.00 | 63.1x | -11.8x | 4.8x |
| Tue, 10 Jan 2023 | kr18.4b | kr3.6b | -kr983,769,821.00 | 59.8x | -18.7x | 5.1x |
| Thu, 08 Dec 2022 | kr18.2b | kr3.6b | -kr983,615,355.00 | 63.8x | -18.5x | 5x |
| Sat, 05 Nov 2022 | kr18.2b | kr4.1b | -kr952,472,368.00 | 64.6x | -19.1x | 4.5x |
| Mon, 03 Oct 2022 | kr16.5b | kr3.6b | -kr1,151,538,433.00 | n/a | -14.3x | 4.6x |
| Wed, 31 Aug 2022 | kr21.8b | kr3.5b | -kr1,146,205,656.00 | n/a | -19x | 6.2x |
| Fri, 29 Jul 2022 | kr22.1b | kr3.6b | -kr1,111,886,643.00 | 15.2x | -19.9x | 6.2x |
| Sun, 26 Jun 2022 | kr19.7b | kr3.5b | -kr922,639,859.00 | 15.9x | -21.4x | 5.7x |
| Tue, 24 May 2022 | kr20.7b | kr3.4b | -kr867,590,157.00 | 18.4x | -23.8x | 6.1x |
| Thu, 21 Apr 2022 | kr26.1b | kr3.3b | kr319.5m | 29.8x | 81.8x | 7.9x |
| Sat, 19 Mar 2022 | kr39.3b | kr3.3b | kr334.8m | 31.5x | 117.4x | 11.9x |
| Mon, 14 Feb 2022 | kr34.7b | kr3.2b | kr371.5m | 28.3x | 93.5x | 10.8x |
| Wed, 12 Jan 2022 | kr44.4b | kr3.1b | -kr330,765,719.00 | 6.5x | -134.1x | 14.2x |
| Fri, 10 Dec 2021 | kr48.7b | kr3.1b | -kr310,952,904.00 | 6.3x | -156.5x | 15.6x |
| Sun, 07 Nov 2021 | kr51.9b | kr3.0b | -kr397,010,675.00 | 27.9x | -130.8x | 17.3x |
| Tue, 05 Oct 2021 | kr47.1b | kr2.9b | -kr578,338,790.00 | 33.6x | -81.4x | 16.3x |
| Thu, 02 Sep 2021 | kr51.3b | kr2.9b | -kr578,818,153.35 | 33.7x | -88.7x | 17.8x |
| Sat, 31 Jul 2021 | kr50.3b | kr2.9b | -kr578,818,153.35 | 33.4x | -86.9x | 17.5x |
Price to Earnings Ratio
-70.4x
Current Industry PE
- Investors are optimistic on the Norwegian Renewable Electricity industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 20.5x which is higher than its 3-year average PE of 0.20x.
- The 3-year average PS ratio of 8.0x is higher than the industry's current PS ratio of 3.5x.
Past Earnings Growth
- Total earnings for the Renewable Electricity industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 15% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Comparison
How does Norwegian Renewable Energy compare with similar industries?
| NO Market | -1.02% | |
| Utilities | -2.82% | |
| Renewable Energy | -2.87% | |
| Renewable Energy | -2.87% | |
| Independent Power Producers and Energy Traders | 0% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CLOUD Cloudberry Clean Energy | kr9.30 | 1.9% +kr49.1m | -21.7% | PE9.9x | |
| MPCES MPC Energy Solutions | kr13.50 | 13.0% +kr34.5m | 6.3% | PS2.8x |