Delorean (ASX:DEL) Has Debt But No Earnings; Should You Worry?
May 23
Australian (ASX) Renewable Energy Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies9
- 7D-4.3%
- 3M6.1%
- 1Y32.1%
- YTD29.2%
Over the last 7 days, the Renewable Energy industry has dropped 4.3%, driven by a pullback from Frontier Energy of 17%. In contrast, Delorean has gained 109%. In the past year, the industry has gained 32%. Earnings are forecast to grow by 15% annually.
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 Jul 2024 | AU$932.5m | AU$104.9m | -AU$9,572,195.77 | 35.8x | -97.4x | 8.9x |
| Sun, 23 Jun 2024 | AU$934.1m | AU$104.2m | -AU$9,528,529.54 | 36.5x | -98x | 9x |
| Tue, 21 May 2024 | AU$859.8m | AU$104.0m | -AU$9,508,620.56 | 27.5x | -90.4x | 8.3x |
| Thu, 18 Apr 2024 | AU$837.6m | AU$105.6m | -AU$9,633,884.87 | 26x | -86.9x | 7.9x |
| Sat, 16 Mar 2024 | AU$843.8m | AU$104.7m | -AU$9,560,416.22 | 29.4x | -88.3x | 8.1x |
| Mon, 12 Feb 2024 | AU$531.3m | AU$135.7m | -AU$84,646,858.31 | 28.8x | -6.3x | 3.9x |
| Wed, 10 Jan 2024 | AU$548.2m | AU$141.6m | -AU$78,133,164.00 | 15.5x | -7x | 3.9x |
| Fri, 08 Dec 2023 | AU$529.6m | AU$142.7m | -AU$79,586,174.00 | 15.9x | -6.7x | 3.7x |
| Sun, 05 Nov 2023 | AU$574.9m | AU$143.1m | -AU$80,244,230.00 | 16.4x | -7.2x | 4x |
| Tue, 03 Oct 2023 | AU$569.1m | AU$313.4m | AU$11.0m | 7.9x | 51.7x | 1.8x |
| Thu, 31 Aug 2023 | AU$568.7m | AU$332.8m | AU$2.3m | 7.9x | 249.4x | 1.7x |
| Sat, 29 Jul 2023 | AU$632.3m | AU$337.1m | AU$4.8m | 21.5x | 132.8x | 1.9x |
| Mon, 26 Jun 2023 | AU$642.7m | AU$337.1m | AU$4.8m | 23.2x | 134.4x | 1.9x |
| Wed, 24 May 2023 | AU$667.1m | AU$301.1m | -AU$1,332,738.00 | 8x | -500.6x | 2.2x |
| Fri, 21 Apr 2023 | AU$657.6m | AU$299.0m | -AU$1,473,016.00 | 8.1x | -446.4x | 2.2x |
| Sun, 19 Mar 2023 | AU$640.8m | AU$299.6m | -AU$1,435,390.00 | 8.1x | -446.5x | 2.1x |
| Tue, 14 Feb 2023 | AU$657.9m | AU$288.8m | -AU$7,752,138.00 | 7.1x | -84.9x | 2.3x |
| Thu, 12 Jan 2023 | AU$723.7m | AU$289.8m | -AU$7,691,362.00 | 12.5x | -94.1x | 2.5x |
| Sat, 10 Dec 2022 | AU$717.0m | AU$294.2m | -AU$7,426,518.00 | 11.5x | -96.5x | 2.4x |
| Mon, 07 Nov 2022 | AU$1.0b | AU$304.6m | -AU$6,784,163.00 | 38.6x | -148x | 3.3x |
| Wed, 05 Oct 2022 | AU$827.3m | AU$302.3m | -AU$6,929,250.00 | 38.3x | -119.4x | 2.7x |
| Fri, 02 Sep 2022 | AU$886.3m | AU$292.5m | AU$4.1m | 35.2x | 215.9x | 3x |
| Sun, 31 Jul 2022 | AU$575.1m | AU$268.1m | -AU$36,582,996.00 | 41.4x | -15.7x | 2.1x |
| Tue, 28 Jun 2022 | AU$412.2m | AU$269.0m | -AU$36,589,623.00 | 42.9x | -11.3x | 1.5x |
| Thu, 26 May 2022 | AU$522.4m | AU$265.3m | -AU$36,554,350.00 | 45.1x | -14.3x | 2x |
| Sat, 23 Apr 2022 | AU$571.2m | AU$256.2m | -AU$36,464,235.00 | 42.5x | -15.7x | 2.2x |
| Mon, 21 Mar 2022 | AU$567.9m | AU$255.7m | -AU$36,457,200.00 | 49.5x | -15.6x | 2.2x |
| Wed, 16 Feb 2022 | AU$528.4m | AU$254.2m | -AU$22,056,457.00 | 274.8x | -24x | 2.1x |
| Fri, 14 Jan 2022 | AU$562.8m | AU$249.7m | -AU$22,072,225.00 | 312.5x | -25.5x | 2.3x |
| Sun, 12 Dec 2021 | AU$560.1m | AU$252.7m | -AU$22,061,720.00 | 322.7x | -25.4x | 2.2x |
| Tue, 09 Nov 2021 | AU$556.6m | AU$246.1m | -AU$22,085,164.00 | 307.3x | -25.2x | 2.3x |
| Thu, 07 Oct 2021 | AU$541.3m | AU$249.1m | -AU$22,074,421.00 | 284.5x | -24.5x | 2.2x |
| Sat, 04 Sep 2021 | AU$551.4m | AU$254.2m | AU$37.5m | 25.5x | 14.7x | 2.2x |
| Mon, 02 Aug 2021 | AU$583.4m | AU$254.2m | AU$37.5m | 25.5x | 15.6x | 2.3x |
Price to Earnings Ratio
15.6x
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 3.3x is lower than the industry's current PS ratio of 8.9x.
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 26% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Australian Utilities industry?
| AU Market | -2.20% | |
| Utilities | -2.55% | |
| Renewable Energy | -4.33% | |
| Independent Power Producers and Energy Traders | 0% | |
| Renewable Energy | -4.56% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 15% over the next 5 years.
- However this is lower than its past earnings growth rate of 21% per year.
- In contrast, the Renewable Energy industry is expected to see its earnings grow by 15% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| DEL Delorean | AU$0.09 | 109.3% +AU$10.1m | n/a | PS2.5x | |
| GNX Genex Power | AU$0.28 | 1.9% +AU$6.9m | 71.9% | PS18.7x | |
| CCE Carnegie Clean Energy | AU$0.043 | 4.9% +AU$732.4k | -42.7% | PS75x |