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Australian (ASX) Renewable Energy Industry Analysis

UpdatedFeb 21, 2024
DataAggregated Company Financials
Companies8
  • 7D-1.3%
  • 3M-4.2%
  • 1Y-17.1%
  • YTD-2.5%

Over the last 7 days, the Renewable Energy industry has dropped 1.3%, driven by Kalina Power declining 29%. Meanwhile, LGI actually outperformed within the industry, gaining 7.1% in the last week. However, the industry is down 17% over the past year. In the next few years, earnings are forecast to decline by 1.3% annually.

Industry Valuation and Performance

Has the Australian Renewable Energy Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 21 Feb 2024AU$534.1mAU$135.6m-AU$84,588,238.1029.8x-6.3x3.9x
Fri, 19 Jan 2024AU$540.7mAU$142.6m-AU$79,538,571.0015.8x-6.8x3.8x
Sun, 17 Dec 2023AU$552.7mAU$141.5m-AU$77,992,253.0015.8x-7.1x3.9x
Tue, 14 Nov 2023AU$585.8mAU$144.3m-AU$81,903,280.0015.9x-7.2x4.1x
Thu, 12 Oct 2023AU$586.3mAU$143.9m-AU$81,372,326.0016.9x-7.2x4.1x
Sat, 09 Sep 2023AU$585.2mAU$313.5mAU$9.7m7.9x60.1x1.9x
Mon, 07 Aug 2023AU$607.0mAU$337.2mAU$4.7m21.5x127.8x1.8x
Wed, 05 Jul 2023AU$620.7mAU$337.1mAU$4.8m22.7x129.9x1.8x
Fri, 02 Jun 2023AU$649.8mAU$337.1mAU$4.8m21.9x136.5x1.9x
Sun, 30 Apr 2023AU$653.8mAU$302.2m-AU$1,287,576.008x-507.7x2.2x
Tue, 28 Mar 2023AU$630.1mAU$301.4m-AU$1,341,873.008x-469.6x2.1x
Thu, 23 Feb 2023AU$664.1mAU$295.6m-AU$1,616,242.008.3x-410.9x2.2x
Sat, 21 Jan 2023AU$730.1mAU$289.2m-AU$7,731,705.0012.4x-94.4x2.5x
Mon, 19 Dec 2022AU$711.7mAU$296.6m-AU$7,285,677.0011.3x-97.7x2.4x
Wed, 16 Nov 2022AU$965.7mAU$295.9m-AU$7,315,466.0037x-132x3.3x
Fri, 14 Oct 2022AU$823.9mAU$311.0m-AU$6,406,194.0038.5x-128.6x2.6x
Sun, 11 Sep 2022AU$863.4mAU$291.5mAU$4.2m35.3x206x3x
Tue, 09 Aug 2022AU$568.7mAU$270.7m-AU$36,608,147.0042.7x-15.5x2.1x
Thu, 07 Jul 2022AU$457.9mAU$274.8m-AU$36,645,602.0043.1x-12.5x1.7x
Sat, 04 Jun 2022AU$513.4mAU$260.0m-AU$36,503,524.0039.4x-14.1x2x
Mon, 02 May 2022AU$573.6mAU$264.5m-AU$36,545,295.0039.9x-15.7x2.2x
Wed, 30 Mar 2022AU$572.4mAU$253.4m-AU$36,435,835.0048.3x-15.7x2.3x
Fri, 25 Feb 2022AU$484.6mAU$250.6m-AU$22,069,037.00278.8x-22x1.9x
Sun, 23 Jan 2022AU$536.7mAU$251.7m-AU$22,065,144.00309.6x-24.3x2.1x
Tue, 21 Dec 2021AU$553.2mAU$253.1m-AU$22,060,243.00298x-25.1x2.2x
Thu, 18 Nov 2021AU$566.8mAU$248.6m-AU$22,076,114.00332.7x-25.7x2.3x
Sat, 16 Oct 2021AU$563.1mAU$245.8m-AU$22,086,269.00304x-25.5x2.3x
Mon, 13 Sep 2021AU$533.6mAU$254.0mAU$37.5m21.2x14.2x2.1x
Wed, 11 Aug 2021AU$576.3mAU$254.2mAU$37.5m25.5x15.4x2.3x
Sun, 06 Jun 2021AU$618.7mAU$241.7mAU$23.8m13.8x26x2.6x
Wed, 10 Mar 2021AU$504.2mAU$205.1m-AU$4,766,800.8014.3x-105.8x2.5x
Price to Earnings Ratio

-105.8x


Total Market Cap: AU$504.2mTotal Earnings: -AU$4,766,800.80Total Revenue: AU$205.1mTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Renewable Energy Industry Price to Earnings3Y Average -52.9x202220232024
Current Industry PE
  • Investors are optimistic on the Australian Renewable Energy industry, and appear confident in long term growth rates.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 3.9x.
Past Earnings Growth
  • The earnings for companies in the Renewable Energy industry have deteriorated over the last three years.
  • Revenues have also declined 13% per year.
  • This means overall sales from these companies are declining and losses are subsequently expanding as well.

Industry Trends

Which industries have driven the changes within the Australian Utilities industry?

AU Market0.81%
Utilities-0.58%
Renewable Energy-1.29%
Independent Power Producers and Energy Traders0%
Renewable Energy-1.45%
Industry PE
    Forecasted Growth
    • Despite it being negative, analysts are least pessimistic on the Renewable Energy industry since they expect its earnings to decline by only 1.3% per year over the next 5 years, which isn't as bad as the other industries.
    • This is a reversal from its past annual earnings growth rate of 35% per year.
    • In contrast, the Renewable Energy industry is expected to see its earnings growth to stay flat over the next few years.

    Top Stock Gainers and Losers

    Which companies have driven the market over the last 7 days?

    CompanyLast Price7D1YValuation
    LGI LGIAU$2.257.1%
    +AU$13.2m
    0%PE30.8x
    EWC Energy WorldAU$0.0185.9%
    +AU$3.1m
    -48.6%PS1x
    RNE ReNu EnergyAU$0.0129.1%
    +AU$675.0k
    -76.0%PB0.5x
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    Latest News

    LGI

    AU$2.25

    LGI

    7D

    7.1%

    1Y

    0%

    RNE

    AU$0.012

    ReNu Energy

    7D

    9.1%

    1Y

    -76.0%

    CCE

    AU$0.05

    Carnegie Clean Energy

    7D

    -5.7%

    1Y

    -50.0%

    KPO

    AU$0.005

    Kalina Power

    7D

    -28.6%

    1Y

    -64.3%

    EWC

    AU$0.018

    Energy World

    7D

    5.9%

    1Y

    -48.6%