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Australian (ASX) Renewable Energy Industry Analysis
UpdatedJun 04, 2024
DataAggregated Company Financials
Companies9
- 7D4.8%
- 3M16.2%
- 1Y28.8%
- YTD29.1%
In the last week, the Renewable Energy industry is up 4.8%, with Frontier Energy up 12%. In the same time, Energy World was down 9.1%. In the last 12 months, the industry was up 29%. Looking forward, earnings are forecast to grow by 17% annually.
Industry Valuation and Performance
Has the Australian Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 04 Jun 2024 | AU$928.0m | AU$104.2m | -AU$9,526,883.08 | 32.1x | -97.4x | 8.9x |
| Thu, 02 May 2024 | AU$871.2m | AU$105.2m | -AU$9,606,418.30 | 27x | -90.7x | 8.3x |
| Sat, 30 Mar 2024 | AU$828.4m | AU$105.0m | -AU$9,585,032.63 | 30.2x | -86.4x | 7.9x |
| Mon, 26 Feb 2024 | AU$553.5m | AU$134.9m | -AU$83,583,797.59 | 28.4x | -6.6x | 4.1x |
| Wed, 24 Jan 2024 | AU$529.8m | AU$142.6m | -AU$79,436,637.00 | 15.7x | -6.7x | 3.7x |
| Fri, 22 Dec 2023 | AU$550.7m | AU$141.1m | -AU$77,386,156.00 | 15.7x | -7.1x | 3.9x |
| Sun, 19 Nov 2023 | AU$589.2m | AU$143.1m | -AU$80,199,747.00 | 16.4x | -7.3x | 4.1x |
| Tue, 17 Oct 2023 | AU$574.7m | AU$145.0m | -AU$82,868,306.00 | 16.7x | -6.9x | 4x |
| Thu, 14 Sep 2023 | AU$587.9m | AU$313.5m | AU$9.7m | 7.9x | 60.3x | 1.9x |
| Sat, 12 Aug 2023 | AU$607.2m | AU$337.2m | AU$4.8m | 22.1x | 127.8x | 1.8x |
| Mon, 10 Jul 2023 | AU$618.1m | AU$337.1m | AU$4.8m | 22.5x | 129.3x | 1.8x |
| Wed, 07 Jun 2023 | AU$663.8m | AU$337.1m | AU$4.8m | 21.5x | 139.5x | 2x |
| Fri, 05 May 2023 | AU$648.0m | AU$299.7m | -AU$1,432,023.00 | 8.1x | -452.5x | 2.2x |
| Sun, 02 Apr 2023 | AU$664.5m | AU$300.0m | -AU$1,426,438.00 | 8.1x | -465.8x | 2.2x |
| Tue, 28 Feb 2023 | AU$670.6m | AU$300.8m | -AU$251,726.00 | 8.1x | -2664x | 2.2x |
| Thu, 26 Jan 2023 | AU$734.2m | AU$285.5m | -AU$7,955,808.00 | 12.1x | -92.3x | 2.6x |
| Sat, 24 Dec 2022 | AU$669.1m | AU$296.4m | -AU$7,297,592.00 | 11.6x | -91.7x | 2.3x |
| Mon, 21 Nov 2022 | AU$963.5m | AU$296.5m | -AU$7,280,471.00 | 36.6x | -132.3x | 3.2x |
| Wed, 19 Oct 2022 | AU$820.1m | AU$310.4m | -AU$6,441,724.00 | 38.6x | -127.3x | 2.6x |
| Fri, 16 Sep 2022 | AU$833.6m | AU$294.5m | AU$4.5m | 35x | 183.7x | 2.8x |
| Sun, 14 Aug 2022 | AU$588.0m | AU$264.3m | -AU$36,546,164.00 | 47.7x | -16.1x | 2.2x |
| Tue, 12 Jul 2022 | AU$451.4m | AU$271.6m | -AU$36,615,829.00 | 44.7x | -12.3x | 1.7x |
| Thu, 09 Jun 2022 | AU$512.8m | AU$261.7m | -AU$36,519,616.00 | 42.7x | -14x | 2x |
| Sat, 07 May 2022 | AU$530.4m | AU$264.2m | -AU$36,542,114.00 | 36.4x | -14.5x | 2x |
| Mon, 04 Apr 2022 | AU$548.3m | AU$253.2m | -AU$36,433,770.00 | 40.4x | -15x | 2.2x |
| Wed, 02 Mar 2022 | AU$529.0m | AU$260.3m | -AU$34,373,020.00 | 153.9x | -15.4x | 2x |
| Fri, 28 Jan 2022 | AU$515.0m | AU$252.9m | -AU$22,060,910.00 | 304.5x | -23.3x | 2x |
| Sun, 26 Dec 2021 | AU$567.0m | AU$251.3m | -AU$22,066,818.00 | 287x | -25.7x | 2.3x |
| Tue, 23 Nov 2021 | AU$560.6m | AU$250.2m | -AU$22,070,451.00 | 330.2x | -25.4x | 2.2x |
| Thu, 21 Oct 2021 | AU$589.9m | AU$244.1m | -AU$22,092,207.00 | 336.4x | -26.7x | 2.4x |
| Sat, 18 Sep 2021 | AU$558.8m | AU$260.2m | AU$39.2m | 27.3x | 14.2x | 2.1x |
| Mon, 16 Aug 2021 | AU$574.6m | AU$254.2m | AU$37.5m | 25.5x | 15.3x | 2.3x |
Price to Earnings Ratio
14.8x
Current Industry PE
- Investors are optimistic on the Australian Renewable Energy industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 3.0x is lower than the industry's current PS ratio of 8.9x.
Past Earnings Growth
- Total earnings for the Renewable Energy industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 26% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Australian Utilities industry?
| AU Market | -0.38% | |
| Utilities | -1.35% | |
| Renewable Energy | 4.85% | |
| Independent Power Producers and Energy Traders | 5.11% | |
| Renewable Energy | 4.83% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 17% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Renewable Energy industry is expected to see its earnings grow by 17% 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 | |
|---|---|---|---|---|---|
| FHE Frontier Energy | AU$0.47 | 11.9% +AU$22.3m | 14.6% | PE102.2x | |
| GNX Genex Power | AU$0.27 | 1.9% +AU$6.9m | 50.0% | PS18.4x | |
| LGI LGI | AU$2.99 | 2.4% +AU$6.2m | 28.9% | PE37.6x | |
| CCE Carnegie Clean Energy | AU$0.043 | 7.5% +AU$938.6k | -42.7% | PS64.1x |
