Header cover image

Australian (ASX) Energy Sector Analysis

UpdatedFeb 28, 2024
DataAggregated Company Financials
Companies111
  • 7D-1.7%
  • 3M1.3%
  • 1Y-8.2%
  • YTD-3.6%

Over the last 7 days, the Energy industry has dropped 1.7%, driven by a pullback from Santos of 4.8%. The industry has fallen 8.2% in the last year. As for the next few years, earnings are expected to grow by 11% per annum.

Sector Valuation and Performance

Has the Australian Energy Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 28 Feb 2024AU$132.4bAU$114.1bAU$8.9b7.1x14.8x1.2x
Fri, 26 Jan 2024AU$140.6bAU$129.1bAU$19.4b6.2x7.2x1.1x
Sun, 24 Dec 2023AU$135.9bAU$127.9bAU$19.0b5.8x7.1x1.1x
Tue, 21 Nov 2023AU$132.5bAU$129.3bAU$19.5b5.2x6.8x1x
Thu, 19 Oct 2023AU$146.5bAU$130.5bAU$19.9b6.1x7.4x1.1x
Sat, 16 Sep 2023AU$146.6bAU$130.4bAU$20.0b4.6x7.3x1.1x
Mon, 14 Aug 2023AU$146.8bAU$128.8bAU$23.5b5.4x6.2x1.1x
Wed, 12 Jul 2023AU$134.2bAU$127.8bAU$23.2b5.5x5.8x1x
Fri, 09 Jun 2023AU$135.5bAU$127.7bAU$23.1b6.2x5.9x1.1x
Sun, 07 May 2023AU$143.4bAU$129.3bAU$24.1b6.5x6x1.1x
Tue, 04 Apr 2023AU$158.2bAU$143.9bAU$25.1b6.7x6.3x1.1x
Thu, 02 Mar 2023AU$164.4bAU$143.7bAU$23.6b5.9x7x1.1x
Sat, 28 Jan 2023AU$167.5bAU$108.1bAU$13.9b7.6x12x1.5x
Mon, 26 Dec 2022AU$165.5bAU$109.6bAU$14.3b7.3x11.6x1.5x
Wed, 23 Nov 2022AU$167.9bAU$110.1bAU$14.4b7x11.6x1.5x
Fri, 21 Oct 2022AU$162.4bAU$111.5bAU$14.8b7x10.9x1.5x
Sun, 18 Sep 2022AU$157.7bAU$108.2bAU$13.5b8.5x11.7x1.5x
Tue, 16 Aug 2022AU$150.3bAU$80.1bAU$4.9b9.3x30.4x1.9x
Thu, 14 Jul 2022AU$167.7bAU$79.5bAU$4.8b10.8x35.2x2.1x
Sat, 11 Jun 2022AU$160.6bAU$78.6bAU$4.6b13.2x35x2x
Mon, 09 May 2022AU$124.3bAU$78.8bAU$4.6b12.2x26.8x1.6x
Wed, 06 Apr 2022AU$124.3bAU$77.8bAU$4.4b12.9x28x1.6x
Fri, 04 Mar 2022AU$125.8bAU$78.5bAU$5.0b16.7x25.1x1.6x
Sun, 30 Jan 2022AU$108.1bAU$63.1b-AU$394,366,895.0035.7x-274.2x1.7x
Tue, 28 Dec 2021AU$103.5bAU$62.8b-AU$412,095,483.0039.8x-251.1x1.6x
Thu, 25 Nov 2021AU$98.8bAU$62.8b-AU$412,615,053.0036.1x-239.6x1.6x
Sat, 23 Oct 2021AU$103.7bAU$62.4b-AU$436,757,732.0033.8x-237.4x1.7x
Mon, 20 Sep 2021AU$92.1bAU$62.1b-AU$179,864,864.0028.8x-512.1x1.5x
Wed, 18 Aug 2021AU$83.1bAU$61.6b-AU$198,560,481.7326.8x-418.4x1.3x
Wed, 02 Jun 2021AU$83.1bAU$60.5b-AU$3,873,920,755.5616.8x-21.4x1.4x
Sat, 06 Mar 2021AU$86.6bAU$59.5b-AU$7,649,087,232.5540.3x-11.3x1.5x
Price to Earnings Ratio

-11.3x


Total Market Cap: AU$86.6bTotal Earnings: -AU$7,649,087,232.55Total Revenue: AU$59.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Energy Sector Price to Earnings3Y Average -59.5x202220232024
Current Industry PE
  • Investors are pessimistic on the Australian 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 14.8x which is higher than its 3-year average PE of -59.5x.
  • The 3-year average PS ratio of 1.4x is higher than the industry's current PS ratio of 1.2x.
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 24% 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 Market0.21%
Energy-1.74%
Energy Services2.46%
Oil and Gas-1.77%
Industry PE
  • Investors are most optimistic about the Oil and Gas industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 11.0%, which is higher than its past year's earnings decline of 24.5% per year.
  • Investors are most pessimistic about the Energy Services industry, which is trading below its 3-year average of 56.6x.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas industry, expecting annual earnings growth of 11% over the next 5 years.
  • This is better than its past earnings decline of 25% per year.
  • In contrast, the Energy Services industry is expected to see its earnings grow by 7.2% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
ALD AmpolAU$39.424.7%
+AU$424.2m
18.8%PE17.1x
PDN Paladin EnergyAU$1.265.5%
+AU$194.0m
75.5%PE44.1x
NHC New HopeAU$4.572.2%
+AU$84.5m
-16.1%PE3.6x
TBN Tamboran ResourcesAU$0.2320.5%
+AU$78.9m
6.8%PB2.1x
WDS Woodside Energy GroupAU$30.280.1%
+AU$57.0m
-17.7%PE22.7x
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

ERA

AU$0.048

Energy Resources of Australia

7D

-12.7%

1Y

-77.7%

BOE

AU$4.91

Boss Energy

7D

2.7%

1Y

90.3%

TBN

AU$0.23

Tamboran Resources

7D

20.5%

1Y

6.8%

YAL

AU$5.67

Yancoal Australia

7D

-2.2%

1Y

-8.0%

STO

AU$6.99

Santos

7D

-4.8%

1Y

-1.0%

ALD

AU$39.42

Ampol

7D

4.7%

1Y

18.8%

BPT

AU$1.63

Beach Energy

7D

-7.7%

1Y

13.2%

STX

AU$0.21

Strike Energy

7D

-12.5%

1Y

-43.2%

CRD

AU$1.19

Conrad Asia Energy

7D

26.1%

1Y

-26.9%

KAR

AU$1.87

Karoon Energy

7D

-1.8%

1Y

-16.5%

GHY

AU$1.43

Gold Hydrogen

7D

27.7%

1Y

217.8%