Australian (ASX) Renewable Energy Industry Analysis

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Fri, 26 Apr 2024	AU$869.7m	AU$105.0m	-AU$9,590,947.17	26.7x	-90.7x	8.3x
Sun, 24 Mar 2024	AU$851.0m	AU$105.0m	-AU$9,586,882.31	29.9x	-88.8x	8.1x
Tue, 20 Feb 2024	AU$534.1m	AU$135.6m	-AU$84,507,502.27	29.8x	-6.3x	3.9x
Thu, 18 Jan 2024	AU$549.9m	AU$142.7m	-AU$79,681,018.00	15.7x	-6.9x	3.9x
Sat, 16 Dec 2023	AU$551.9m	AU$141.4m	-AU$77,842,227.00	15.8x	-7.1x	3.9x
Mon, 13 Nov 2023	AU$585.8m	AU$144.5m	-AU$82,072,139.00	15.8x	-7.1x	4.1x
Wed, 11 Oct 2023	AU$571.8m	AU$144.0m	-AU$81,519,725.00	16.7x	-7x	4x
Fri, 08 Sep 2023	AU$571.7m	AU$313.5m	AU$9.7m	7.9x	58.7x	1.8x
Sun, 06 Aug 2023	AU$607.0m	AU$337.2m	AU$4.7m	21.5x	127.8x	1.8x
Tue, 04 Jul 2023	AU$627.8m	AU$337.1m	AU$4.8m	22.7x	131.4x	1.9x
Thu, 01 Jun 2023	AU$662.9m	AU$337.2m	AU$4.7m	22.1x	139.6x	2x
Sat, 29 Apr 2023	AU$653.8m	AU$302.2m	-AU$1,288,035.00	8x	-507.6x	2.2x
Mon, 27 Mar 2023	AU$623.9m	AU$301.2m	-AU$1,354,640.00	8x	-460.6x	2.1x
Wed, 22 Feb 2023	AU$676.9m	AU$291.6m	-AU$1,761,012.00	9.1x	-384.4x	2.3x
Fri, 20 Jan 2023	AU$730.7m	AU$290.3m	-AU$7,663,235.00	12.1x	-95.4x	2.5x
Sun, 18 Dec 2022	AU$711.7m	AU$296.6m	-AU$7,285,677.00	11.3x	-97.7x	2.4x
Tue, 15 Nov 2022	AU$966.0m	AU$296.4m	-AU$7,283,528.00	37.3x	-132.6x	3.3x
Thu, 13 Oct 2022	AU$823.9m	AU$309.9m	-AU$6,474,114.00	38.5x	-127.3x	2.7x
Sat, 10 Sep 2022	AU$863.4m	AU$294.5m	AU$4.5m	35.3x	190.6x	2.9x
Mon, 08 Aug 2022	AU$567.6m	AU$270.7m	-AU$36,608,147.00	42.7x	-15.5x	2.1x
Wed, 06 Jul 2022	AU$467.3m	AU$272.2m	-AU$36,620,087.00	43.4x	-12.8x	1.7x
Fri, 03 Jun 2022	AU$503.5m	AU$262.4m	-AU$36,525,975.00	41.8x	-13.8x	1.9x
Sun, 01 May 2022	AU$573.6m	AU$264.5m	-AU$36,545,295.00	39.9x	-15.7x	2.2x
Tue, 29 Mar 2022	AU$566.7m	AU$252.9m	-AU$36,430,585.00	48.3x	-15.6x	2.2x
Thu, 24 Feb 2022	AU$487.1m	AU$250.6m	-AU$22,068,972.00	278.5x	-22.1x	1.9x
Sat, 22 Jan 2022	AU$536.7m	AU$250.0m	-AU$22,071,374.00	312.4x	-24.3x	2.1x
Mon, 20 Dec 2021	AU$581.4m	AU$253.1m	-AU$22,060,243.00	298x	-26.4x	2.3x
Wed, 17 Nov 2021	AU$577.8m	AU$248.3m	-AU$22,077,144.00	340.5x	-26.2x	2.3x
Fri, 15 Oct 2021	AU$570.8m	AU$247.1m	-AU$22,081,425.00	313.1x	-25.9x	2.3x
Sun, 12 Sep 2021	AU$554.3m	AU$254.0m	AU$37.5m	25.5x	14.8x	2.2x
Tue, 10 Aug 2021	AU$573.1m	AU$254.2m	AU$37.5m	25.5x	15.3x	2.3x
Mon, 03 May 2021	AU$672.9m	AU$241.7m	AU$23.8m	14.7x	28.3x	2.8x

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 2.7x is lower than the industry's current PS ratio of 8.3x.

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.
Revenues have also declined 24% per year, which is driving profits down.

Industry Trends

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


AU Market	0.42%
Utilities	0.30%
Renewable Energy	4.40%
Independent Power Producers and Energy Traders	6.91%
Renewable Energy	4.26%

Industry PE

Forecasted Growth

Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 21% over the next 5 years.
This is roughly in line with its past earnings growth rate.

In contrast, the Renewable Energy industry is expected to see its earnings grow by 21% per year over the next few years.

Company	Last Price	7D	1Y	Valuation
LGI LGI	AU$2.83	12.7% +AU$28.4m	10.5%	PE35.6x
GNX Genex Power	AU$0.27	1.9% +AU$6.9m	68.8%	PS18.4x
EWC Energy World	AU$0.012	9.1% +AU$3.1m	n/a	PS1x
CCE Carnegie Clean Energy	AU$0.051	2.0% +AU$312.9k	2.0%	PS76x

Company

Last Price

Valuation

LGI LGI

AU$2.83

12.7%
+AU$28.4m

10.5%

PE35.6x

GNX Genex Power

AU$0.27

1.9%
+AU$6.9m

68.8%