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Australian (ASX) Utilities Sector Analysis

UpdatedFeb 29, 2024
DataAggregated Company Financials
Companies15
  • 7D0.04%
  • 3M-0.3%
  • 1Y-2.6%
  • YTD-2.2%

Over the last 7 days, the Utilities industry has remained flat, although notably APA Group declined by 5.0%. In line with that, the industry has also been flat over the past 12 months. Looking forward, earnings are forecast to decline by 15% per year.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 29 Feb 2024AU$32.3bAU$31.6bAU$3.1b14.9x10.5x1x
Sat, 27 Jan 2024AU$31.6bAU$34.0b-AU$15,243,668.0020.2x-2070.9x0.9x
Mon, 25 Dec 2023AU$32.8bAU$34.0b-AU$12,793,926.0020.6x-2566.6x1x
Wed, 22 Nov 2023AU$32.7bAU$34.0b-AU$15,451,179.0020.9x-2115.7x1x
Fri, 20 Oct 2023AU$34.3bAU$34.0b-AU$18,520,289.0021.9x-1849.5x1x
Sun, 17 Sep 2023AU$34.1bAU$34.1bAU$75.1m14.1x454.1x1x
Tue, 15 Aug 2023AU$34.1bAU$34.4b-AU$1,857,347,622.0018x-18.4x1x
Thu, 13 Jul 2023AU$34.4bAU$35.6b-AU$1,363,317,557.0013.3x-25.3x1x
Sat, 10 Jun 2023AU$34.0bAU$35.6b-AU$1,363,324,054.0014.2x-24.9x1x
Mon, 08 May 2023AU$33.7bAU$35.5b-AU$1,369,640,078.008.2x-24.6x0.9x
Wed, 05 Apr 2023AU$32.7bAU$35.5b-AU$1,369,653,038.008.2x-23.8x0.9x
Fri, 03 Mar 2023AU$31.8bAU$35.5b-AU$1,369,648,326.008.2x-23.2x0.9x
Sun, 29 Jan 2023AU$31.4bAU$31.0b-AU$328,994,381.0011.5x-95.4x1x
Tue, 27 Dec 2022AU$32.8bAU$31.0b-AU$328,282,088.009.3x-100x1.1x
Thu, 24 Nov 2022AU$33.0bAU$31.0b-AU$328,089,321.007.8x-100.6x1.1x
Sat, 22 Oct 2022AU$25.9bAU$31.1b-AU$327,457,616.007.6x-79x0.8x
Mon, 19 Sep 2022AU$28.3bAU$31.0b-AU$316,202,471.006.3x-89.6x0.9x
Wed, 17 Aug 2022AU$31.0bAU$27.0b-AU$1,323,019,832.0029.9x-23.4x1.1x
Fri, 15 Jul 2022AU$29.7bAU$27.0b-AU$1,323,095,549.0025.9x-22.4x1.1x
Sun, 12 Jun 2022AU$30.8bAU$27.0b-AU$1,323,015,285.0029.6x-23.3x1.1x
Tue, 10 May 2022AU$31.6bAU$27.0b-AU$1,322,995,656.0025.9x-23.9x1.2x
Thu, 07 Apr 2022AU$30.4bAU$27.0b-AU$1,322,858,030.0034.5x-23x1.1x
Sat, 05 Mar 2022AU$42.8bAU$29.2b-AU$990,378,072.0037.4x-43.2x1.5x
Mon, 31 Jan 2022AU$41.6bAU$28.3b-AU$4,020,055,333.0052.3x-10.3x1.5x
Wed, 29 Dec 2021AU$40.8bAU$28.2b-AU$4,020,081,399.0051.8x-10.2x1.4x
Fri, 26 Nov 2021AU$39.5bAU$28.2b-AU$4,020,077,449.0052x-9.8x1.4x
Sun, 24 Oct 2021AU$38.6bAU$28.2b-AU$3,971,904,551.0048.4x-9.7x1.4x
Tue, 21 Sep 2021AU$36.1bAU$28.3b-AU$3,910,496,597.0028.6x-9.2x1.3x
Thu, 19 Aug 2021AU$36.5bAU$28.3b-AU$3,912,358,192.5925.1x-9.3x1.3x
Thu, 03 Jun 2021AU$34.3bAU$28.6b-AU$2,733,134,123.3517.9x-12.6x1.2x
Sun, 07 Mar 2021AU$35.3bAU$28.9b-AU$1,534,207,975.8018.9x-23x1.2x
Price to Earnings Ratio

-23x


Total Market Cap: AU$35.3bTotal Earnings: -AU$1,534,207,975.80Total Revenue: AU$28.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Utilities Sector Price to Earnings3Y Average -256.7x202220232024
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 10.5x which is higher than its 3-year average PE of -257x.
  • 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 3.0% 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 Market0.78%
Utilities0.038%
Other Utilities2.30%
Electric Utilities1.01%
Water Utilities-0.60%
Gas Utilities-2.45%
Renewable Energy-2.76%
Industry PE
  • Investors are most optimistic about the Water Utilities industry which is trading above its 3-year average PE ratio of 38.1x.
    • Analysts are expecting annual earnings growth of 17.2%, which is higher than its past year's earnings decline of 22.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Gas Utilities industry is expected to see its earnings decline by 43% 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
AGL AGL EnergyAU$8.501.1%
+AU$60.5m
24.6%PE14.8x
VPR Volt Power GroupAU$0.002100.0%
+AU$10.7m
0%PS5.6x
GNX Genex PowerAU$0.182.9%
+AU$6.9m
20.0%PS12.1x
LGI LGIAU$2.282.7%
+AU$5.3m
-9.5%PE28.5x
DEL DeloreanAU$0.05510.0%
+AU$1.1m
-14.1%PS0.6x
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Latest News

LPE

AU$0.04

Locality Planning Energy Holdings

7D

5.3%

1Y

-14.9%

APA

AU$7.85

APA Group

7D

-5.0%

1Y

-25.3%

GNX

AU$0.18

Genex Power

7D

2.9%

1Y

20.0%

DEM

AU$0.13

De.mem

7D

-3.8%

1Y

-7.4%

LGI

AU$2.28

LGI

7D

2.7%

1Y

-9.5%

ORG

AU$8.99

Origin Energy

7D

-1.4%

1Y

11.7%

AGL

AU$8.50

AGL Energy

7D

1.1%

1Y

24.6%

RNE

AU$0.011

ReNu Energy

7D

-8.3%

1Y

-78.8%

D2O

AU$1.44

Duxton Water

7D

-1.4%

1Y

-18.6%

VPR

AU$0.002

Volt Power Group

7D

100.0%

1Y

0%