Is Eden Innovations (ASX:EDE) Using Too Much Debt?
Jun 06
Australian (ASX) Oil and Gas Industry Analysis
UpdatedJun 11, 2024
DataAggregated Company Financials
Companies106
- 7D-2.8%
- 3M-0.2%
- 1Y-4.1%
- YTD-5.1%
Over the last 7 days, the Oil and Gas industry has dropped 2.1%, driven by Woodside Energy Group declining 2.6%. In contrast, Melbana Energy has gained 12%. The industry has fallen 4.1% in the last year. Looking forward, earnings are forecast to grow by 11% annually.
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 |
|---|---|---|---|---|---|---|
| Tue, 11 Jun 2024 | AU$130.6b | AU$112.8b | AU$7.5b | 8.9x | 17.5x | 1.2x |
| Thu, 09 May 2024 | AU$133.2b | AU$112.9b | AU$7.5b | 6.9x | 17.8x | 1.2x |
| Sat, 06 Apr 2024 | AU$138.9b | AU$112.8b | AU$7.5b | 7.3x | 18.6x | 1.2x |
| Mon, 04 Mar 2024 | AU$134.7b | AU$113.5b | AU$7.9b | 10.8x | 17.1x | 1.2x |
| Wed, 31 Jan 2024 | AU$141.5b | AU$128.7b | AU$19.3b | 6x | 7.3x | 1.1x |
| Fri, 29 Dec 2023 | AU$136.6b | AU$127.3b | AU$18.8b | 5.6x | 7.3x | 1.1x |
| Sun, 26 Nov 2023 | AU$133.1b | AU$128.7b | AU$19.3b | 4.9x | 6.9x | 1x |
| Tue, 24 Oct 2023 | AU$141.1b | AU$130.5b | AU$19.9b | 5.7x | 7.1x | 1.1x |
| Thu, 21 Sep 2023 | AU$144.9b | AU$129.4b | AU$19.6b | 4.8x | 7.4x | 1.1x |
| Sat, 19 Aug 2023 | AU$145.5b | AU$128.0b | AU$22.7b | 7.1x | 6.4x | 1.1x |
| Mon, 17 Jul 2023 | AU$139.0b | AU$126.5b | AU$22.7b | 6.3x | 6.1x | 1.1x |
| Wed, 14 Jun 2023 | AU$133.0b | AU$126.8b | AU$22.8b | 6.3x | 5.8x | 1x |
| Fri, 12 May 2023 | AU$145.9b | AU$129.0b | AU$24.0b | 6.7x | 6.1x | 1.1x |
| Sun, 09 Apr 2023 | AU$146.9b | AU$129.4b | AU$24.1b | 6.9x | 6.1x | 1.1x |
| Tue, 07 Mar 2023 | AU$156.5b | AU$133.2b | AU$23.6b | 7.3x | 6.6x | 1.2x |
| Thu, 02 Feb 2023 | AU$156.0b | AU$98.1b | AU$13.7b | 7.2x | 11.4x | 1.6x |
| Sat, 31 Dec 2022 | AU$154.7b | AU$99.2b | AU$14.0b | 7.2x | 11x | 1.6x |
| Mon, 28 Nov 2022 | AU$158.4b | AU$99.4b | AU$14.1b | 6.7x | 11.3x | 1.6x |
| Wed, 26 Oct 2022 | AU$156.4b | AU$101.4b | AU$14.6b | 7x | 10.7x | 1.5x |
| Fri, 23 Sep 2022 | AU$150.2b | AU$99.2b | AU$13.9b | 7.4x | 10.8x | 1.5x |
| Sun, 21 Aug 2022 | AU$147.9b | AU$76.7b | AU$8.0b | 9.2x | 18.4x | 1.9x |
| Tue, 19 Jul 2022 | AU$163.2b | AU$69.8b | AU$4.7b | 10.8x | 35.1x | 2.3x |
| Thu, 16 Jun 2022 | AU$141.2b | AU$69.6b | AU$4.6b | 11.5x | 30.7x | 2x |
| Sat, 14 May 2022 | AU$113.1b | AU$69.6b | AU$4.6b | 10.4x | 24.5x | 1.6x |
| Mon, 11 Apr 2022 | AU$118.0b | AU$68.4b | AU$4.4b | 12.5x | 26.9x | 1.7x |
| Wed, 09 Mar 2022 | AU$123.0b | AU$68.8b | AU$4.9b | 14.7x | 25.1x | 1.8x |
| Fri, 04 Feb 2022 | AU$105.4b | AU$53.2b | -AU$456,957,483.00 | 25x | -230.7x | 2x |
| Sun, 02 Jan 2022 | AU$97.7b | AU$52.9b | -AU$469,626,856.00 | 31.1x | -208x | 1.8x |
| Tue, 30 Nov 2021 | AU$88.2b | AU$53.2b | -AU$452,119,043.00 | 27x | -195x | 1.7x |
| Thu, 28 Oct 2021 | AU$98.6b | AU$52.5b | -AU$500,167,026.00 | 32.9x | -197.1x | 1.9x |
| Sat, 25 Sep 2021 | AU$88.8b | AU$52.5b | AU$242.6m | 25x | 366.2x | 1.7x |
| Mon, 23 Aug 2021 | AU$74.8b | AU$51.8b | -AU$287,976,342.45 | 20x | -259.6x | 1.4x |
| Sat, 10 Jul 2021 | AU$80.5b | AU$51.8b | -AU$288,881,218.45 | 25.6x | -278.7x | 1.6x |
Price to Earnings Ratio
-278.7x
Current Industry PE
- Investors are pessimistic on the Australian Oil and Gas 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 17.5x which is higher than its 3-year average PE of -37.8x.
- The 3-year average PS ratio of 1.5x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- Total earnings for the Oil and Gas industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 30% 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 industry?
| AU Market | 1.09% | |
| Energy | -2.83% | |
| Oil and Gas | -2.84% | |
| Integrated Oil and Gas | 0% | |
| Oil and Gas Refining and Marketing | -2.15% | |
| Oil and Gas Exploration and Production | -2.59% | |
| Coal and Fuels | -3.81% | |
| Oil and Gas Storage and Transportation | -13.51% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Refining and Marketing industry even though it's trading below its 3-year average PE ratio of 59.8x.
- Analysts are expecting annual earnings growth of 16.9%, which is higher than its past year's earnings decline of 61.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Refining and Marketing industry, expecting annual earnings growth of 17% over the next 5 years.
- This is better than its past earnings decline of 62% per year.
- In contrast, the Oil and Gas Storage and Transportation industry is expected to see its earnings decline by 11% 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 | |
|---|---|---|---|---|---|
| STX Strike Energy | AU$0.21 | 4.9% +AU$28.6m | -52.2% | PE309.1x | |
| EEG Empire Energy Group | AU$0.21 | 4.9% +AU$20.5m | 13.2% | PS35.9x | |
| MAY Melbana Energy | AU$0.074 | 5.7% +AU$13.5m | -14.9% | PB4.8x | |
| COI Comet Ridge | AU$0.20 | 2.6% +AU$5.5m | 21.9% | PB3.7x | |
| OEL Otto Energy | AU$0.013 | 8.3% +AU$4.8m | 0% | PS1.8x |
