Global Utilities Strong Past Earnings Growth, P/E Ratio Below 20

Tenaga Nasional Berhad

Market Cap: RM 76.6b

Engages in the generation, transmission, distribution, and sale of electricity in Malaysia, the United Kingdom, Kuwait, the Republic of Ireland, Australia, and internationally.

Enel Américas

Market Cap: CL$9.6t

Generates, transmits, and distributes electricity in Brazil, Colombia, Central America, Argentina, and Peru.

Jiangsu Guoxin

Market Cap: CN¥29.8b

Engages in the generation of coal-fired thermal and gas-fired power businesses in China.

Inter RAO UES

Market Cap: ₽250.0b

Public Joint Stock Company Inter RAO UES operates as a diversified energy holding company in Russia and internationally.

Rubis

Market Cap: €3.3b

Engages in the operation of bulk liquid storage facilities for commercial and industrial customers in Europe, Africa, and the Caribbean.

Toho Gas

Market Cap: JP¥440.9b

Engages in the gas, LPG and other energy, electric power, and other businesses in Japan and internationally.

Grandtop Yongxing GroupLtd

Market Cap: CN¥14.1b

Engages in the waste incineration power generation business in China.

Towngas Smart Energy

Market Cap: HK$14.2b

An investment holding company, sells piped gas, renewable energy, and other types of energy in the People’s Republic of China.

Genesis Energy

Market Cap: NZ$2.7b

Generates, trades in, and sells electricity to residential and business customers in New Zealand.

naturenergie holding

Market Cap: CHF 1.1b

Through its subsidiaries, engages in the production, distribution, and sale of electricity under the Naturenergie brand in Switzerland and internationally.

Rosseti Lenenergo

Market Cap: ₽72.4b

Public Joint stock company Rosseti Lenenergo engages in the transmission and distribution of electricity in the Russian Federation.

Second Generating Company of the Electric Power Wholesale Market

Market Cap: ₽64.8b

Public Joint-Stock Company "Second Generating Company of the Electric Power Wholesale Market", together with its subsidiaries, generates and sells electricity and thermal energy in Russia.

Taiwan Cogeneration

Market Cap: NT$30.2b

Engages in the operation and management of cogeneration plants in Taiwan.

Rosseti Moscow Region

Market Cap: ₽42.9b

Public Joint-Stock Company "Rosseti Moscow Region", together with its subsidiaries, engages in the transmission of electricity through electrical networks primarily in Moscow, Russia.

Bestsun Energy

Market Cap: CN¥4.5b

Engages in the city gas business.

United Power Generation & Distribution

Market Cap: ৳70.8b

United Power Generation & Distribution Company Ltd.

Shizuoka Gas

Market Cap: JP¥87.8b

Produces, supplies, and sells city gas in Japan.

Acinque

Market Cap: €438.1m

Operates as a multi-utility company in Italy.

Gunkul Engineering

Market Cap: ฿16.1b

Generates and sells renewable energy in Thailand, Japan, and Vietnam.

Xinjiang Torch Gas

Market Cap: CN¥3.1b

Operates as a gas service company in China.

ShinHsiung Natural Gas

Market Cap: NT$13.8b

Supplies natural gas in Taiwan.

Vivant

Market Cap: ₱19.9b

Through its subsidiaries, generates, distributes, and retails electric power in the Philippines.

Rosseti Centre and Volga region

Market Cap: ₽20.3b

Public Joint stock company Rosseti Centre and Volga region, together with its subsidiaries, engages in the transmission and distribution of electricity in Russia.

Vinacomin - Power Holding

Market Cap: ₫7.9t

Engages in the investment, construction, exploitation, and operation of thermal power and hydroelectric plants, and electronic factories using new energy, renewable energy, power grids, and power supply systems in Vietnam.

Transnational Corporation of Nigeria

Market Cap: ₦413.6b

Together with the subsidiaries, engages in the power, oil and gas, and hospitality businesses in Nigeria.

Taliworks Corporation Berhad

Market Cap: RM 1.1b

An investment holding company, operates, manages, and maintains water treatment plants in Malaysia.

Southern Hydropower

Market Cap: ₫3.5t

Engages in the construction, production, installation, and operation of hydropower plants in Vietnam.

Elektro Ljubljana d.d

Market Cap: €97.8m

Engages in the electricity distribution activities primarily in Slovenia.

Viet Nam Power Development

Market Cap: ₫2.8t

Engages in the operation and management of hydropower plants.

GSE

Market Cap: ₩70.6b

Supplies city gas and related services in South Korea.

Can Don Hydro Power

Market Cap: ₫976.3b

Produces and trades in electricity in Vietnam.

Jy Gas

Market Cap: HK$281.6m

An investment holding company, engages in the sale of natural gas in the People’s Republic of China.

TNS energo Mari El

Market Cap: ₽2.0b

Public Joint-stock Company TNS energo Mari El supplies electricity in the Republic of Mari El.

Nuoc Trong Hydro - Power

Market Cap: ₫624.4b

Engages in the production, transmission, and distribution of hydro-electricity in Vietnam.

Cholon Water Supply

Market Cap: ₫559.0b

Operates as a water supply company in Vietnam.

Positron Energy

Market Cap: ₹1.9b

Distributes and sells coal bed methane and natural gas in India and internationally.