Woodside Energy Group Ltd's (ASX:WDS) Earnings Are Not Doing Enough For Some Investors
Nov 21
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Australian (ASX) Energy Sector Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies105
- 7D-2.5%
- 3M-6.5%
- 1Y-27.4%
- YTD-28.7%
Over the last 7 days, the Energy industry has dropped 2.8%, driven by a pullback from Woodside Energy Group of 1.4%. In contrast, 88 Energy has gained 100%. The industry has fallen 27% in the last year. As for the next few years, earnings are expected to grow by 7.0% per annum.
Sector Valuation and Performance
Has the Australian Energy Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 21 Dec 2024 | AU$109.0b | AU$112.2b | AU$6.5b | 11.3x | 16.9x | 1x |
| Mon, 18 Nov 2024 | AU$110.8b | AU$111.1b | AU$6.3b | 11.1x | 17.7x | 1x |
| Wed, 16 Oct 2024 | AU$118.6b | AU$110.0b | AU$6.1b | 12.2x | 19.5x | 1.1x |
| Fri, 13 Sep 2024 | AU$110.9b | AU$110.4b | AU$6.2b | 10.9x | 17.8x | 1x |
| Sun, 11 Aug 2024 | AU$122.8b | AU$112.9b | AU$7.5b | 7.4x | 16.5x | 1.1x |
| Tue, 09 Jul 2024 | AU$135.7b | AU$112.6b | AU$7.5b | 8x | 18.2x | 1.2x |
| Thu, 06 Jun 2024 | AU$131.8b | AU$112.9b | AU$7.5b | 9.2x | 17.5x | 1.2x |
| Sat, 04 May 2024 | AU$131.9b | AU$113.2b | AU$7.6b | 7.2x | 17.4x | 1.2x |
| Mon, 01 Apr 2024 | AU$138.1b | AU$113.6b | AU$7.6b | 7.2x | 18.1x | 1.2x |
| Wed, 28 Feb 2024 | AU$132.4b | AU$114.1b | AU$8.9b | 7.1x | 14.8x | 1.2x |
| Fri, 26 Jan 2024 | AU$140.6b | AU$129.1b | AU$19.4b | 6.2x | 7.2x | 1.1x |
| Sun, 24 Dec 2023 | AU$135.9b | AU$127.9b | AU$19.0b | 5.8x | 7.1x | 1.1x |
| Tue, 21 Nov 2023 | AU$132.5b | AU$129.3b | AU$19.5b | 5.2x | 6.8x | 1x |
| Thu, 19 Oct 2023 | AU$146.5b | AU$130.5b | AU$19.9b | 6.1x | 7.4x | 1.1x |
| Sat, 16 Sep 2023 | AU$146.6b | AU$130.4b | AU$20.0b | 4.6x | 7.3x | 1.1x |
| Mon, 14 Aug 2023 | AU$146.8b | AU$128.8b | AU$23.5b | 5.4x | 6.2x | 1.1x |
| Wed, 12 Jul 2023 | AU$134.2b | AU$127.8b | AU$23.2b | 5.5x | 5.8x | 1x |
| Fri, 09 Jun 2023 | AU$135.5b | AU$127.7b | AU$23.1b | 6.2x | 5.9x | 1.1x |
| Sun, 07 May 2023 | AU$143.4b | AU$129.3b | AU$24.1b | 6.5x | 6x | 1.1x |
| Tue, 04 Apr 2023 | AU$158.2b | AU$143.9b | AU$25.1b | 6.7x | 6.3x | 1.1x |
| Thu, 02 Mar 2023 | AU$164.4b | AU$143.7b | AU$23.6b | 5.9x | 7x | 1.1x |
| Sat, 28 Jan 2023 | AU$167.5b | AU$108.1b | AU$13.9b | 7.6x | 12x | 1.5x |
| Mon, 26 Dec 2022 | AU$165.5b | AU$109.6b | AU$14.3b | 7.3x | 11.6x | 1.5x |
| Wed, 23 Nov 2022 | AU$167.9b | AU$110.1b | AU$14.4b | 7x | 11.6x | 1.5x |
| Fri, 21 Oct 2022 | AU$162.4b | AU$111.5b | AU$14.8b | 7x | 10.9x | 1.5x |
| Sun, 18 Sep 2022 | AU$157.7b | AU$108.2b | AU$13.5b | 8.5x | 11.7x | 1.5x |
| Tue, 16 Aug 2022 | AU$150.3b | AU$80.1b | AU$4.9b | 9.3x | 30.4x | 1.9x |
| Thu, 14 Jul 2022 | AU$167.7b | AU$79.5b | AU$4.8b | 10.8x | 35.2x | 2.1x |
| Sat, 11 Jun 2022 | AU$160.6b | AU$78.6b | AU$4.6b | 13.2x | 35x | 2x |
| Mon, 09 May 2022 | AU$124.3b | AU$78.8b | AU$4.6b | 12.2x | 26.8x | 1.6x |
| Wed, 06 Apr 2022 | AU$124.3b | AU$77.8b | AU$4.4b | 12.9x | 28x | 1.6x |
| Fri, 04 Mar 2022 | AU$125.8b | AU$78.5b | AU$5.0b | 16.7x | 25.1x | 1.6x |
| Sun, 30 Jan 2022 | AU$108.1b | AU$63.1b | -AU$394,366,895.00 | 35.7x | -274.2x | 1.7x |
| Tue, 28 Dec 2021 | AU$103.5b | AU$62.8b | -AU$412,095,483.00 | 39.8x | -251.1x | 1.6x |
Price to Earnings Ratio
-251.1x
Current Industry PE
- Investors are optimistic on the Australian Energy industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 16.8x which is higher than its 3-year average PE of 0.48x.
- The 3-year average PS ratio of 1.3x is higher than the industry's current PS ratio of 0.97x.
Past Earnings Growth
- Total earnings for the Energy industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 21% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Australian Energy sector?
| AU Market | -2.74% | |
| Energy | -2.54% | |
| Energy Services | -0.76% | |
| Oil and Gas | -2.54% | |
Industry PE
- Investors are most optimistic about the Energy Services industry even though it's trading below its 3-year average PE ratio of 39.6x.
- Analysts are expecting annual earnings growth of 26.6%, which is higher than its past year's earnings growth of 0.09% per year.
- Investors are most pessimistic about the Oil and Gas industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 2.7x.
Forecasted Growth
- Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 27% over the next 5 years.
- This is better than its past earnings growth rate of 0.09% per year.
- In contrast, the Oil and Gas industry is expected to see its earnings grow by 7.0% 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 | |
|---|---|---|---|---|---|
| 88E 88 Energy | AU$0.002 | 100.0% +AU$28.9m | -60.0% | PB0.4x | |
| BKY Berkeley Energia | AU$0.35 | 9.4% +AU$13.4m | -7.9% | PB1.8x | |
| PEN Peninsula Energy | AU$1.26 | 6.8% +AU$12.7m | -42.7% | PS10.5x | |
| EEG Empire Energy Group | AU$0.21 | 5.0% +AU$10.2m | 2.4% | PS35.1x | |
| ROG Red Sky Energy | AU$0.011 | 10.0% +AU$5.4m | 120.0% | PS27.6x |
