Does Beach Energy (ASX:BPT) Have A Healthy Balance Sheet?
Apr 07
Australian (ASX) Energy Sector Analysis
UpdatedApr 19, 2024
DataAggregated Company Financials
Companies109
- 7D-2.3%
- 3M-1.7%
- 1Y-0.6%
- YTD-1.7%
In the last week, the Energy industry is flat overall, with Woodside Energy Group standing out by going down 3.7%. In line with that, the industry has also been flat over the past 12 months. Earnings are forecast to grow by 10% annually.
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 |
|---|---|---|---|---|---|---|
| Fri, 19 Apr 2024 | AU$132.7b | AU$114.0b | AU$7.7b | 7.7x | 17.2x | 1.2x |
| Sun, 17 Mar 2024 | AU$132.2b | AU$114.1b | AU$8.0b | 6.7x | 16.6x | 1.2x |
| Tue, 13 Feb 2024 | AU$137.9b | AU$129.4b | AU$19.6b | 6.1x | 7x | 1.1x |
| Thu, 11 Jan 2024 | AU$138.1b | AU$128.4b | AU$19.2b | 5.8x | 7.2x | 1.1x |
| Sat, 09 Dec 2023 | AU$130.0b | AU$129.0b | AU$19.4b | 5.8x | 6.7x | 1x |
| Mon, 06 Nov 2023 | AU$138.0b | AU$129.6b | AU$19.6b | 6x | 7x | 1.1x |
| Wed, 04 Oct 2023 | AU$146.7b | AU$130.5b | AU$19.9b | 5.8x | 7.4x | 1.1x |
| Fri, 01 Sep 2023 | AU$144.3b | AU$130.4b | AU$20.0b | 5.2x | 7.2x | 1.1x |
| Sun, 30 Jul 2023 | AU$145.4b | AU$127.9b | AU$23.2b | 5.5x | 6.3x | 1.1x |
| Tue, 27 Jun 2023 | AU$131.7b | AU$127.7b | AU$23.1b | 6.1x | 5.7x | 1x |
| Thu, 25 May 2023 | AU$149.6b | AU$130.4b | AU$24.4b | 6.6x | 6.1x | 1.1x |
| Sat, 22 Apr 2023 | AU$146.5b | AU$129.6b | AU$24.2b | 6.7x | 6.1x | 1.1x |
| Mon, 20 Mar 2023 | AU$149.6b | AU$144.3b | AU$23.6b | 6.2x | 6.3x | 1x |
| Wed, 15 Feb 2023 | AU$164.1b | AU$108.6b | AU$14.0b | 7.8x | 11.7x | 1.5x |
| Fri, 13 Jan 2023 | AU$164.7b | AU$108.8b | AU$14.1b | 7.2x | 11.7x | 1.5x |
| Sun, 11 Dec 2022 | AU$158.5b | AU$109.2b | AU$14.2b | 6.8x | 11.2x | 1.5x |
| Tue, 08 Nov 2022 | AU$173.2b | AU$110.8b | AU$14.6b | 7.3x | 11.9x | 1.6x |
| Thu, 06 Oct 2022 | AU$161.1b | AU$110.5b | AU$14.6b | 7x | 11.1x | 1.5x |
| Sat, 03 Sep 2022 | AU$158.7b | AU$107.8b | AU$13.4b | 7.7x | 11.8x | 1.5x |
| Mon, 01 Aug 2022 | AU$149.4b | AU$79.0b | AU$4.7b | 12.5x | 32.1x | 1.9x |
| Wed, 29 Jun 2022 | AU$149.0b | AU$79.1b | AU$4.7b | 11.7x | 31.9x | 1.9x |
| Fri, 27 May 2022 | AU$122.1b | AU$78.7b | AU$4.6b | 10.7x | 26.5x | 1.6x |
| Sun, 24 Apr 2022 | AU$125.1b | AU$78.4b | AU$4.6b | 12.4x | 27.4x | 1.6x |
| Tue, 22 Mar 2022 | AU$125.0b | AU$78.4b | AU$5.0b | 13.1x | 24.8x | 1.6x |
| Thu, 17 Feb 2022 | AU$113.7b | AU$64.4b | AU$194.0m | 26.6x | 586.1x | 1.8x |
| Sat, 15 Jan 2022 | AU$111.2b | AU$62.7b | -AU$422,946,491.00 | 38.7x | -262.8x | 1.8x |
| Mon, 13 Dec 2021 | AU$94.6b | AU$62.9b | -AU$406,370,052.00 | 33.7x | -232.8x | 1.5x |
| Wed, 10 Nov 2021 | AU$101.0b | AU$62.6b | -AU$426,535,660.00 | 33.1x | -236.7x | 1.6x |
| Fri, 08 Oct 2021 | AU$106.4b | AU$62.9b | -AU$405,137,078.00 | 33.7x | -262.7x | 1.7x |
| Sun, 05 Sep 2021 | AU$86.6b | AU$61.7b | -AU$198,580,829.73 | 27.5x | -435.9x | 1.4x |
| Tue, 03 Aug 2021 | AU$85.6b | AU$61.6b | -AU$198,560,481.73 | 31.5x | -431.1x | 1.4x |
| Fri, 07 May 2021 | AU$83.3b | AU$60.5b | -AU$3,873,920,755.56 | 18.9x | -21.5x | 1.4x |
Price to Earnings Ratio
-21.5x
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 17.2x which is higher than its 3-year average PE of -56.9x.
- 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 Market | -2.22% | |
| Energy | -2.27% | |
| Energy Services | 1.24% | |
| Oil and Gas | -2.30% | |
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 8.9%, which is higher than its past year's earnings decline of 41.1% per year.
- Investors are most pessimistic about the Energy Services industry, which is trading below its 3-year average of 52.5x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas industry, expecting annual earnings growth of 8.9% over the next 5 years.
- This is better than its past earnings decline of 41% per year.
- In contrast, the Energy Services industry is expected to see its earnings grow by 6.6% 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 | |
|---|---|---|---|---|---|
| WHC Whitehaven Coal | AU$7.88 | 2.2% +AU$143.8m | 13.1% | PE5.8x | |
| YAL Yancoal Australia | AU$5.83 | 1.7% +AU$132.1m | 3.9% | PE4.2x | |
| BPT Beach Energy | AU$1.62 | 0.9% +AU$35.0m | 9.1% | PS2.1x | |
| ALD Ampol | AU$39.22 | 0.3% +AU$31.0m | 29.3% | PE17x | |
| EXR Elixir Energy | AU$0.12 | 23.7% +AU$24.9m | -17.9% | PS77.9x |
