A Look At The Intrinsic Value Of AGL Energy Limited (ASX:AGL)
Jul 11
Australian (ASX) Utilities Sector Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies17
- 7D-2.6%
- 3M3.2%
- 1Y-1.8%
- YTD9.0%
Over the last 7 days, the Utilities industry has dropped 2.6%, driven by pullbacks in APA Group and Origin Energy of 2.4% and 1.1%, respectively. On the other hand Fluence is actually up 8.7%. Over the last year, the industry has been flat overall. Looking forward, earnings are forecast to decline by 9.2% per year.
Sector Valuation and Performance
Has the Australian Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | AU$36.3b | AU$31.6b | AU$3.1b | 18.8x | 11.6x | 1.1x |
| Sun, 23 Jun 2024 | AU$37.8b | AU$31.5b | AU$3.2b | 19.2x | 11.9x | 1.2x |
| Tue, 21 May 2024 | AU$36.6b | AU$31.5b | AU$3.2b | 18.2x | 11.6x | 1.2x |
| Thu, 18 Apr 2024 | AU$34.0b | AU$31.5b | AU$3.2b | 17.6x | 10.8x | 1.1x |
| Sat, 16 Mar 2024 | AU$33.2b | AU$31.5b | AU$3.2b | 25.3x | 10.5x | 1.1x |
| Mon, 12 Feb 2024 | AU$31.6b | AU$32.3b | AU$1.6b | 20.9x | 19.4x | 1x |
| Wed, 10 Jan 2024 | AU$32.9b | AU$34.0b | -AU$14,007,481.00 | 20.1x | -2346.3x | 1x |
| Fri, 08 Dec 2023 | AU$32.1b | AU$34.0b | -AU$15,460,491.00 | 20.2x | -2076.7x | 0.9x |
| Sun, 05 Nov 2023 | AU$33.2b | AU$34.0b | -AU$16,118,547.00 | 21x | -2061.9x | 1x |
| Tue, 03 Oct 2023 | AU$34.1b | AU$34.1b | AU$75.1m | 14.5x | 454.2x | 1x |
| Thu, 31 Aug 2023 | AU$34.6b | AU$34.1b | AU$66.0m | 14.2x | 523.6x | 1x |
| Sat, 29 Jul 2023 | AU$35.7b | AU$35.6b | -AU$1,363,338,273.00 | 13.3x | -26.2x | 1x |
| Mon, 26 Jun 2023 | AU$34.8b | AU$35.6b | -AU$1,363,318,043.00 | 13.7x | -25.5x | 1x |
| Wed, 24 May 2023 | AU$33.1b | AU$35.5b | -AU$1,369,432,475.00 | 8x | -24.2x | 0.9x |
| Fri, 21 Apr 2023 | AU$33.2b | AU$35.5b | -AU$1,369,572,753.00 | 8.1x | -24.2x | 0.9x |
| Sun, 19 Mar 2023 | AU$31.6b | AU$35.5b | -AU$1,369,535,127.00 | 8.1x | -23x | 0.9x |
| Tue, 14 Feb 2023 | AU$30.2b | AU$33.1b | -AU$1,958,675,485.00 | 7.7x | -15.4x | 0.9x |
| Thu, 12 Jan 2023 | AU$31.6b | AU$31.0b | -AU$328,614,709.00 | 11x | -96.2x | 1x |
| Sat, 10 Dec 2022 | AU$32.7b | AU$31.0b | -AU$328,349,865.00 | 9.3x | -99.5x | 1.1x |
| Mon, 07 Nov 2022 | AU$28.4b | AU$31.1b | -AU$327,707,510.00 | 7.9x | -86.6x | 0.9x |
| Wed, 05 Oct 2022 | AU$27.0b | AU$31.1b | -AU$327,852,597.00 | 9.2x | -82.3x | 0.9x |
| Fri, 02 Sep 2022 | AU$29.4b | AU$31.0b | -AU$316,818,306.00 | 6.2x | -92.7x | 0.9x |
| Sun, 31 Jul 2022 | AU$30.5b | AU$27.0b | -AU$1,323,037,389.00 | 26x | -23x | 1.1x |
| Tue, 28 Jun 2022 | AU$29.7b | AU$27.0b | -AU$1,323,044,016.00 | 25.9x | -22.4x | 1.1x |
| Thu, 26 May 2022 | AU$32.1b | AU$27.0b | -AU$1,323,008,743.00 | 30.9x | -24.3x | 1.2x |
| Sat, 23 Apr 2022 | AU$31.8b | AU$27.0b | -AU$1,322,918,628.00 | 37.7x | -24.1x | 1.2x |
| Mon, 21 Mar 2022 | AU$42.7b | AU$29.2b | -AU$992,136,593.00 | 40.9x | -43x | 1.5x |
| Wed, 16 Feb 2022 | AU$42.7b | AU$28.5b | -AU$1,189,069,268.00 | 39x | -35.9x | 1.5x |
| Fri, 14 Jan 2022 | AU$42.4b | AU$28.2b | -AU$4,020,085,036.00 | 52.1x | -10.5x | 1.5x |
| Sun, 12 Dec 2021 | AU$39.6b | AU$28.2b | -AU$4,020,074,531.00 | 51.8x | -9.9x | 1.4x |
| Tue, 09 Nov 2021 | AU$38.4b | AU$28.3b | -AU$3,971,897,975.00 | 48.6x | -9.7x | 1.4x |
| Thu, 07 Oct 2021 | AU$38.4b | AU$28.3b | -AU$3,971,887,232.00 | 48x | -9.7x | 1.4x |
| Sat, 04 Sep 2021 | AU$35.9b | AU$28.3b | -AU$3,912,358,192.59 | 25.1x | -9.2x | 1.3x |
| Mon, 02 Aug 2021 | AU$36.0b | AU$28.3b | -AU$3,912,358,192.59 | 24.3x | -9.2x | 1.3x |
Price to Earnings Ratio
-9.2x
Current Industry PE
- Investors are pessimistic on the Australian Utilities 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 11.6x which is higher than its 3-year average PE of -248x.
- The industry is trading close to its 3-year average PS ratio of 1.1x.
Past Earnings Growth
- Total earnings for the Utilities industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 3.8% 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 Utilities sector?
| AU Market | -2.20% | |
| Utilities | -2.55% | |
| Water Utilities | 0.38% | |
| Other Utilities | -1.04% | |
| Electric Utilities | -2.23% | |
| Gas Utilities | -4.11% | |
| Renewable Energy | -4.33% | |
Industry PE
- Investors are most optimistic about the Other Utilities industry which is trading above its 3-year average PE ratio of 2.1x.
- Analysts are expecting annual earnings growth of 7.6%, which is higher than its past year's earnings decline of 48.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Water Utilities industry, expecting annual earnings growth of 37% over the next 5 years.
- This is better than its past earnings decline of 37% per year.
- In contrast, the Gas Utilities industry is expected to see its earnings decline by 35% 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 | |
|---|---|---|---|---|---|
| FLC Fluence | AU$0.13 | 8.7% +AU$10.8m | -16.7% | PS1.3x | |
| DEL Delorean | AU$0.085 | 97.7% +AU$9.1m | n/a | PS2.4x | |
| GNX Genex Power | AU$0.28 | 1.9% +AU$6.9m | 71.9% | PS18.7x | |
| D2O Duxton Water | AU$1.39 | 1.1% +AU$2.3m | -8.6% | PE34.3x | |
| DEM De.mem | AU$0.14 | 3.8% +AU$1.4m | -20.6% | PS1.7x |
