Narrative Update • Jun 23
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- 7D-3.9%
- 3M-12.5%
- 1Y9.6%
- YTD11.4%
Over the last 7 days, the Oil and Gas industry has dropped 3.9%, driven by Woodside Energy Group declining 2.5%. Meanwhile, Elixir Energy actually outperformed within the industry, gaining 19% in the last week. Over the past 12 months, the industry was up 9.6%. As for the next few years, earnings are expected to grow by 12% per annum.
Industry Valuation and Performance
Has the Australian Oil and Gas Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Jun 2026 | AU$127.3b | AU$102.8b | AU$5.2b | 14.4x | 24.6x | 1.2x |
| Fri, 22 May 2026 | AU$140.1b | AU$102.1b | AU$5.0b | 15.8x | 27.8x | 1.4x |
| Sun, 19 Apr 2026 | AU$143.9b | AU$101.9b | AU$5.0b | 16.9x | 29x | 1.4x |
| Tue, 17 Mar 2026 | AU$139.6b | AU$102.8b | AU$5.4b | 15.2x | 25.6x | 1.4x |
| Thu, 12 Feb 2026 | AU$124.0b | AU$108.0b | AU$6.3b | 15.6x | 19.6x | 1.1x |
| Sat, 10 Jan 2026 | AU$113.4b | AU$109.8b | AU$6.8b | 13x | 16.8x | 1x |
| Mon, 08 Dec 2025 | AU$116.9b | AU$110.0b | AU$6.8b | 13.7x | 17.2x | 1.1x |
| Wed, 05 Nov 2025 | AU$114.6b | AU$110.7b | AU$7.0b | 13x | 16.5x | 1x |
| Fri, 03 Oct 2025 | AU$111.7b | AU$110.1b | AU$6.9b | 13.8x | 16.3x | 1x |
| Sun, 31 Aug 2025 | AU$120.7b | AU$110.6b | AU$7.2b | 13.6x | 16.7x | 1.1x |
| Tue, 29 Jul 2025 | AU$119.5b | AU$112.4b | AU$9.0b | 15.1x | 13.3x | 1.1x |
| Thu, 26 Jun 2025 | AU$113.0b | AU$112.5b | AU$9.0b | 13.8x | 12.6x | 1x |
| Sat, 24 May 2025 | AU$101.5b | AU$112.7b | AU$9.0b | 13.7x | 11.2x | 0.9x |
| Mon, 21 Apr 2025 | AU$91.6b | AU$113.0b | AU$9.2b | 13.1x | 10x | 0.8x |
| Wed, 19 Mar 2025 | AU$104.1b | AU$113.1b | AU$9.2b | 17.7x | 11.3x | 0.9x |
| Fri, 14 Feb 2025 | AU$114.5b | AU$112.0b | AU$7.0b | 13.5x | 16.4x | 1x |
| Sun, 12 Jan 2025 | AU$116.3b | AU$112.5b | AU$6.5b | 12.2x | 17.8x | 1x |
| Tue, 10 Dec 2024 | AU$110.5b | AU$111.1b | AU$6.3b | 12.2x | 17.6x | 1x |
| Thu, 07 Nov 2024 | AU$111.8b | AU$110.5b | AU$6.2b | 11.2x | 18.1x | 1x |
| Sat, 05 Oct 2024 | AU$122.9b | AU$109.3b | AU$6.0b | 12.8x | 20.6x | 1.1x |
| Mon, 02 Sep 2024 | AU$119.3b | AU$110.0b | AU$6.2b | 11.2x | 19.3x | 1.1x |
| Wed, 31 Jul 2024 | AU$127.2b | AU$113.0b | AU$7.5b | 7.5x | 17x | 1.1x |
| Fri, 28 Jun 2024 | AU$130.0b | AU$112.4b | AU$7.4b | 8x | 17.5x | 1.2x |
| Sun, 26 May 2024 | AU$133.9b | AU$112.6b | AU$7.4b | 7.7x | 18x | 1.2x |
| Tue, 23 Apr 2024 | AU$135.7b | AU$113.6b | AU$7.6b | 7.2x | 17.8x | 1.2x |
| Thu, 21 Mar 2024 | AU$134.4b | AU$113.2b | AU$7.5b | 6.3x | 17.9x | 1.2x |
| Sat, 17 Feb 2024 | AU$135.6b | AU$126.9b | AU$17.4b | 6.2x | 7.8x | 1.1x |
| Mon, 15 Jan 2024 | AU$138.0b | AU$128.2b | AU$19.1b | 6.1x | 7.2x | 1.1x |
| Wed, 13 Dec 2023 | AU$130.8b | AU$128.7b | AU$19.3b | 5.8x | 6.8x | 1x |
| Fri, 10 Nov 2023 | AU$133.9b | AU$129.9b | AU$19.7b | 5.2x | 6.8x | 1x |
| Sun, 08 Oct 2023 | AU$137.4b | AU$130.0b | AU$19.7b | 5.4x | 7x | 1.1x |
| Tue, 05 Sep 2023 | AU$148.4b | AU$129.8b | AU$19.8b | 5.5x | 7.5x | 1.1x |
| Thu, 03 Aug 2023 | AU$144.3b | AU$127.9b | AU$23.2b | 6.4x | 6.2x | 1.1x |
| Sat, 01 Jul 2023 | AU$133.8b | AU$127.7b | AU$23.1b | 6.4x | 5.8x | 1x |
Price to Earnings Ratio
5.8x
Current Industry PE
- Investors are optimistic on the Australian Oil and Gas industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 24.6x which is higher than its 3-year average PE of 15.3x.
- The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas industry have declined 39% per year over the last three years,
- Revenues have also declined 7.0% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Australian Energy industry?
| AU Market | -1.45% | |
| Energy | -3.87% | |
| Oil and Gas | -3.87% | |
| Oil and Gas Refining and Marketing | -2.90% | |
| Oil and Gas Exploration and Production | -3.96% | |
| Coal and Fuels | -3.97% | |
| Oil and Gas Storage and Transportation | -22.22% | |
Industry PE
- Investors are most optimistic about the Coal and Fuels industry which is trading above its 3-year average PE ratio of 17.4x.
- Analysts are expecting annual earnings growth of 21.1%, which is higher than its past year's earnings decline of 63.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Storage and Transportation industry, expecting annual earnings growth of 61% over the next 5 years.
- In contrast, the Oil and Gas Exploration and Production industry is expected to see its earnings grow by 7.3% 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 | |
|---|---|---|---|---|---|
| EXR Elixir Energy | AU$0.13 | 19.0% +AU$37.4m | 346.4% | PB5.7x | |
| JGH Jade Gas Holdings | AU$0.10 | 11.7% +AU$21.1m | 288.9% | PB9.5x | |
| LKO Lakes Blue Energy | AU$0.61 | 83.6% +AU$20.6m | n/a | PB1.7x | |
| EMP Emperor Energy | AU$0.098 | 12.6% +AU$10.7m | 263.0% | PS1135.7x | |
| CVN Carnarvon Energy | AU$0.11 | 4.8% +AU$10.4m | 0% | PB0.9x |
