Turkish (BIST) Renewable Energy Industry Analysis
UpdatedMay 20, 2024
DataAggregated Company Financials
Companies18
- 7D6.1%
- 3M15.4%
- 1Y84.6%
- YTD45.5%
In the last week, the Renewable Energy industry is up 6.1%, with Aksa Enerji Üretim up 17%. This takes the industry's 12 month performance to a gain of 85%. As for the next few years, earnings are forecast to decline by 56% per annum.
Industry Valuation and Performance
Has the Turkish Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 20 May 2024 | ₺300.9b | ₺119.7b | ₺29.4b | 19x | 10.2x | 2.5x |
| Wed, 17 Apr 2024 | ₺286.0b | ₺113.8b | ₺23.8b | 26.1x | 12x | 2.5x |
| Fri, 15 Mar 2024 | ₺257.9b | ₺115.2b | ₺7.5b | 26.1x | 34.4x | 2.2x |
| Sun, 11 Feb 2024 | ₺203.6b | ₺103.4b | ₺6.0b | 25.2x | 33.8x | 2x |
| Tue, 09 Jan 2024 | ₺162.4b | ₺103.4b | ₺6.0b | 21.2x | 27x | 1.6x |
| Thu, 07 Dec 2023 | ₺177.6b | ₺103.4b | ₺6.0b | 23.7x | 29.5x | 1.7x |
| Sat, 04 Nov 2023 | ₺194.5b | ₺111.2b | ₺7.6b | 26.3x | 25.7x | 1.7x |
| Mon, 02 Oct 2023 | ₺221.3b | ₺110.4b | ₺7.3b | 25.2x | 30.2x | 2x |
| Wed, 30 Aug 2023 | ₺192.5b | ₺110.2b | ₺7.3b | 21.1x | 26.3x | 1.7x |
| Fri, 28 Jul 2023 | ₺170.4b | ₺114.7b | ₺10.3b | 20x | 16.6x | 1.5x |
| Sun, 25 Jun 2023 | ₺131.3b | ₺114.7b | ₺9.9b | 14.3x | 13.2x | 1.1x |
| Tue, 23 May 2023 | ₺114.9b | ₺114.6b | ₺10.2b | 12.6x | 11.2x | 1x |
| Thu, 20 Apr 2023 | ₺138.0b | ₺105.3b | ₺8.3b | 21.5x | 16.5x | 1.3x |
| Sat, 18 Mar 2023 | ₺143.5b | ₺102.8b | ₺7.6b | 24.6x | 18.8x | 1.4x |
| Mon, 13 Feb 2023 | ₺106.8b | ₺72.3b | ₺8.8b | 12.6x | 12.2x | 1.5x |
| Wed, 11 Jan 2023 | ₺137.6b | ₺72.3b | ₺8.8b | 14.8x | 15.7x | 1.9x |
| Fri, 09 Dec 2022 | ₺160.4b | ₺71.9b | ₺8.6b | 18.5x | 18.6x | 2.2x |
| Sun, 06 Nov 2022 | ₺139.8b | ₺53.8b | ₺6.9b | 15.9x | 20.1x | 2.6x |
| Tue, 04 Oct 2022 | ₺102.9b | ₺53.8b | ₺6.9b | 10.8x | 14.8x | 1.9x |
| Thu, 01 Sep 2022 | ₺85.6b | ₺53.7b | ₺6.8b | 9.8x | 12.5x | 1.6x |
| Sat, 30 Jul 2022 | ₺80.4b | ₺43.8b | ₺2.4b | 13.9x | 32.9x | 1.8x |
| Mon, 27 Jun 2022 | ₺70.9b | ₺43.8b | ₺2.4b | 12.7x | 29x | 1.6x |
| Wed, 25 May 2022 | ₺56.6b | ₺43.7b | ₺3.0b | 10.3x | 19x | 1.3x |
| Fri, 22 Apr 2022 | ₺57.1b | ₺33.3b | ₺1.9b | 11.9x | 29.8x | 1.7x |
| Sun, 20 Mar 2022 | ₺43.5b | ₺33.1b | ₺1.5b | 11.1x | 28.1x | 1.3x |
| Tue, 15 Feb 2022 | ₺43.2b | ₺22.8b | ₺2.5b | 19.7x | 17.1x | 1.9x |
| Thu, 13 Jan 2022 | ₺41.1b | ₺22.7b | ₺2.6b | 17.5x | 15.9x | 1.8x |
| Sat, 11 Dec 2021 | ₺39.0b | ₺22.6b | ₺2.5b | 18.7x | 15.6x | 1.7x |
| Mon, 08 Nov 2021 | ₺33.9b | ₺22.6b | ₺1.9b | 23.5x | 17.8x | 1.5x |
| Wed, 06 Oct 2021 | ₺28.6b | ₺10.8b | ₺1.9b | 17.9x | 15.4x | 2.6x |
| Fri, 03 Sep 2021 | ₺26.6b | ₺10.8b | ₺1.9b | 16.6x | 14.3x | 2.5x |
| Sun, 01 Aug 2021 | ₺23.5b | ₺10.8b | ₺1.9b | 16x | 12.6x | 2.2x |
Price to Earnings Ratio
16.6x
Current Industry PE
- Investors are pessimistic on the Turkish 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 10.2x which is lower than its 3-year average PE of 19.7x.
- The 3-year average PS ratio of 1.8x is lower than the industry's current PS ratio of 2.5x.
Past Earnings Growth
- The earnings for companies in the Renewable Energy industry have grown 165% per year over the last three years.
- Revenues for these companies have grown 86% 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 Turkish Utilities industry?
| TR Market | 4.20% | |
| Utilities | 6.43% | |
| Renewable Energy | 6.07% | |
| Independent Power Producers and Energy Traders | 9.93% | |
| Renewable Energy | 4.27% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 21.3x.
- Analysts are expecting annual earnings growth of 44.2%, which is lower than the prior year's growth of 61.0% per year.
- Investors are most pessimistic about the Independent Power Producers and Energy Traders industry, which is trading below its 3-year average of 26.9x.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 44% over the next 5 years.
- However this is lower than its past earnings growth rate of 61% per year.
- In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings decline by 141% 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 | |
|---|---|---|---|---|---|
| AKSEN Aksa Enerji Üretim | ₺46.44 | 17.3% +₺8.4b | 63.8% | PE10.4x | |
| AKENR Akenerji Elektrik Üretim | ₺21.42 | 24.7% +₺3.1b | 438.2% | PE3.1x | |
| MAGEN Margün Enerji Üretim Sanayi ve Ticaret | ₺25.64 | 9.7% +₺2.7b | 146.0% | PE97.3x | |
| MOGAN Mogan Enerji Yatirim Holding Anonim Sirketi | ₺15.83 | 7.0% +₺2.5b | n/a | PE25.1x | |
| AYDEM Aydem Yenilenebilir Enerji | ₺34.30 | 11.4% +₺2.4b | 193.2% | PS3.8x |