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Australian (ASX) Renewable Energy Industry Analysis

UpdatedNov 28, 2021
DataAggregated Company Financials
Companies8
  • 7D-2.9%
  • 3M-4.1%
  • 1Y9.7%
  • YTD-8.1%

Over the last 7 days, the Renewable Energy industry has dropped 2.9%, driven by a pullback from Genex Power of 5.3%. Meanwhile, Carnegie Clean Energy actually outperformed within the industry, gaining 25% in the last week. This takes the industry's 12 month performance to a gain of 9.7%.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Sun, 28 Nov 2021AU$547.4mAU$254.3m-AU$22,056,279.00316.7x
Tue, 26 Oct 2021AU$597.4mAU$243.6m-AU$22,094,092.00337.3x
Thu, 23 Sep 2021AU$537.7mAU$261.9mAU$39.7m27.3x
Sat, 21 Aug 2021AU$580.4mAU$254.2mAU$37.5m25.5x
Sat, 05 Jun 2021AU$618.7mAU$241.7mAU$23.8m13.8x
Tue, 09 Mar 2021AU$504.2mAU$205.1m-AU$4,766,800.8014.3x
Mon, 30 Nov 2020AU$319.5mAU$228.2m-AU$5,529,532.2190.4x
Thu, 03 Sep 2020AU$153.2mAU$235.1mAU$8.3m64.5x
Sun, 07 Jun 2020AU$164.1mAU$271.5mAU$26.1m82.6x
Sat, 29 Feb 2020AU$641.9mAU$254.0mAU$21.3m76.4x
Tue, 03 Dec 2019AU$721.2mAU$274.3mAU$24.8m5.1x
Fri, 06 Sep 2019AU$613.6mAU$263.4mAU$29.0m4.6x
Mon, 10 Jun 2019AU$594.2mAU$275.2mAU$82.1m7.8x
Sun, 03 Mar 2019AU$751.9mAU$305.9mAU$89.4m6.8x
Wed, 05 Dec 2018AU$850.3mAU$292.9mAU$77.4m8.9x
PE Ratio

8.9x

Total Market Cap: AU$850.3mTotal Earnings: AU$77.4mTotal Revenue: AU$292.9m0%0%0%3 Year10 Year
201920202021

Current Industry PE: There are only 3 profitable companies in this industry, so there is insufficient data to make an industry-wide assessment of PE.

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 declined 4.6% per year. This means overall sales are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Australian Renewable Energy industry?

Renewable Energy-2.11%
Independent Power Producers and Energy Traders-4.66%

Industry PE: Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 110x. This is likely because analysts are expecting annual earnings growth of 43% and investors are willing to pay a premium for that growth. Meanwhile, investors are most pessimistic about the Independent Power Producers and Energy Traders industry. Although, investor sentiment seems to have improved given its trading above its 3-year average of 18.5x.

Forecasted Growth: Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 43% over the next 5 years.

Top Stock Gainers and Losers

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

Company7D1YValuation
CCE Carnegie Clean Energy25.0%+AU$7.5m66.7%PB1.7x
DEL Delorean8.5%+AU$3.3mn/aPS1.4x
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