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Australian (ASX) Renewable Energy Industry Analysis

UpdatedNov 28, 2022
DataAggregated Company Financials
Companies10
  • 7D-24.0%
  • 3M-37.9%
  • 1Y-40.6%
  • YTD-32.8%

Over the last 7 days, the Renewable Energy industry has dropped 24%, driven by a pullback from New Energy Solar of 80%. On the other hand Energy World is actually up 25%. The industry has fallen 41% in the last year. Looking forward, earnings are forecast to grow by 57% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 28 Nov 2022AU$732.4mAU$294.6m-AU$7,396,974.0011.4x-99x2.5x
Wed, 26 Oct 2022AU$819.9mAU$309.8m-AU$6,476,199.0038.1x-126.6x2.6x
Fri, 23 Sep 2022AU$845.8mAU$297.4mAU$4.9m34.9x173.6x2.8x
Sun, 21 Aug 2022AU$597.7mAU$271.6m-AU$36,616,913.0043.8x-16.3x2.2x
Tue, 19 Jul 2022AU$464.4mAU$273.7m-AU$36,635,960.0044.6x-12.7x1.7x
Thu, 16 Jun 2022AU$469.7mAU$270.9m-AU$36,608,114.0041.7x-12.8x1.7x
Sat, 14 May 2022AU$525.0mAU$271.6m-AU$36,614,256.0039.6x-14.3x1.9x
Mon, 11 Apr 2022AU$570.9mAU$254.3m-AU$36,444,401.0042.7x-15.7x2.2x
Wed, 09 Mar 2022AU$541.7mAU$257.8m-AU$36,475,694.0049x-14.9x2.1x
Fri, 04 Feb 2022AU$531.3mAU$254.1m-AU$22,056,768.00298.3x-24.1x2.1x
Sun, 02 Jan 2022AU$579.1mAU$249.8m-AU$22,071,847.00287x-26.2x2.3x
Tue, 30 Nov 2021AU$556.4mAU$254.3m-AU$22,056,279.00320.3x-25.2x2.2x
Thu, 28 Oct 2021AU$599.0mAU$243.3m-AU$22,095,021.00337.8x-27.1x2.5x
Sat, 25 Sep 2021AU$557.4mAU$259.8mAU$39.1m27.3x14.2x2.1x
Mon, 23 Aug 2021AU$578.1mAU$254.2mAU$37.5m21.2x15.4x2.3x
Sat, 10 Jul 2021AU$552.6mAU$254.2mAU$37.5m25.5x14.8x2.2x
Fri, 02 Apr 2021AU$400.3mAU$214.1mAU$20.9m47.7x19.2x1.9x
Mon, 04 Jan 2021AU$358.1mAU$205.1m-AU$4,766,800.8010.6x-75.1x1.7x
Thu, 08 Oct 2020AU$308.2mAU$228.2m-AU$5,529,532.2165.5x-55.7x1.4x
Wed, 01 Jul 2020AU$145.1mAU$235.1mAU$8.3m55.3x17.4x0.6x
Sat, 04 Apr 2020AU$134.3mAU$271.5mAU$26.1m76.7x5.2x0.5x
Tue, 07 Jan 2020AU$741.4mAU$254.0mAU$21.3m76.7x34.8x2.9x
Price to Earnings Ratio

29.1x


Total Market Cap: AU$721.2mTotal Earnings: AU$24.8mTotal Revenue: AU$274.3mTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Renewable Energy Industry Price to Earnings3Y Average -9.9x202020212022
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 1.9x is lower than the industry's current PS ratio of 2.5x.
Past Earnings Growth
  • Total earnings for the Renewable Energy industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have grown 2.4% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

AU Market1.17%
Utilities4.16%
Renewable Energy-23.99%
Independent Power Producers and Energy Traders20.74%
Renewable Energy-30.70%
Industry PE
  • Investors are most optimistic about the Independent Power Producers and Energy Traders industry which is trading above its 3-year average PE ratio of 1.2x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 57% over the next 5 years.
  • In contrast, the Renewable Energy industry is expected to see its earnings grow by 57% 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
EWC Energy WorldAU$0.0525.0%
+AU$26.1m
-43.8%PE9.9x
RNE ReNu EnergyAU$0.0635.0%
+AU$1.1m
-37.0%PB1.7x
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Latest News

TML

AU$0.07

Timah Resources

7D

-5.4%

1Y

-28.6%

RNE

AU$0.063

ReNu Energy

7D

5.0%

1Y

-37.0%

NEW

AU$0.18

New Energy Solar

7D

-80.2%

1Y

-76.9%

KPO

AU$0.022

Kalina Power

7D

-4.3%

1Y

-18.5%

EWC

AU$0.05

Energy World

7D

25.0%

1Y

-43.8%

DEL

AU$0.082

Delorean

7D

-3.5%

1Y

-63.1%

CCE

AU$0.0015

Carnegie Clean Energy

7D

-25.0%

1Y

-40.0%

LGI

AU$1.99

LGI

7D

-4.1%

1Y

n/a