Narrative Update • May 15
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- 7D0.6%
- 3M5.3%
- 1Y40.2%
- YTD14.1%
Over the last 7 days, the Renewable Energy industry has dropped 1.8%, driven by pullbacks from every company within the industry. Over the past 12 months, the industry was up 40%. As for the next few years, earnings are expected to grow by 33% per annum.
Industry Valuation and Performance
Has the Brazilian Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 22 May 2026 | R$102.5b | R$46.3b | R$2.3b | 26.1x | 44.7x | 2.2x |
| Sun, 19 Apr 2026 | R$113.0b | R$45.6b | R$3.2b | 16.6x | 35x | 2.5x |
| Tue, 17 Mar 2026 | R$90.3b | R$45.5b | R$3.2b | 14x | 28x | 2x |
| Thu, 12 Feb 2026 | R$92.3b | R$43.6b | R$1.8b | 13.2x | 50x | 2.1x |
| Sat, 10 Jan 2026 | R$90.2b | R$43.6b | R$1.8b | 11.7x | 48.8x | 2.1x |
| Mon, 08 Dec 2025 | R$88.0b | R$43.6b | R$1.8b | 11.2x | 47.7x | 2x |
| Wed, 05 Nov 2025 | R$91.8b | R$44.6b | R$2.1b | 22.3x | 43.6x | 2.1x |
| Fri, 03 Oct 2025 | R$86.7b | R$44.6b | R$2.1b | 18.8x | 41.2x | 1.9x |
| Sun, 31 Aug 2025 | R$84.0b | R$44.6b | R$2.1b | 15.6x | 39.9x | 1.9x |
| Tue, 29 Jul 2025 | R$80.3b | R$40.6b | R$3.8b | 53.2x | 21x | 2x |
| Thu, 26 Jun 2025 | R$80.0b | R$40.6b | R$3.8b | 54.7x | 20.9x | 2x |
| Sat, 24 May 2025 | R$79.3b | R$40.6b | R$3.8b | 56.2x | 20.8x | 2x |
| Mon, 21 Apr 2025 | R$72.2b | R$35.7b | R$4.8b | 22x | 15x | 2x |
| Wed, 19 Mar 2025 | R$71.0b | R$33.5b | R$5.9b | 13.3x | 12.1x | 2.1x |
| Fri, 14 Feb 2025 | R$66.8b | R$30.8b | R$6.1b | 10.9x | 10.9x | 2.2x |
| Sun, 12 Jan 2025 | R$62.9b | R$30.8b | R$6.1b | 10.6x | 10.2x | 2x |
| Tue, 10 Dec 2024 | R$68.8b | R$30.8b | R$6.1b | 11.5x | 11.2x | 2.2x |
| Thu, 07 Nov 2024 | R$74.2b | R$30.6b | R$5.9b | 12.2x | 12.6x | 2.4x |
| Sat, 05 Oct 2024 | R$81.1b | R$33.6b | R$4.9b | 10x | 16.4x | 2.4x |
| Mon, 02 Sep 2024 | R$83.1b | R$33.6b | R$4.9b | 10.3x | 16.8x | 2.5x |
| Wed, 31 Jul 2024 | R$82.4b | R$33.7b | R$4.3b | 14.6x | 19.2x | 2.4x |
| Fri, 28 Jun 2024 | R$83.1b | R$33.7b | R$4.3b | 15.6x | 19.4x | 2.5x |
| Sun, 26 May 2024 | R$82.9b | R$33.7b | R$4.3b | 16x | 19.3x | 2.5x |
| Tue, 23 Apr 2024 | R$77.5b | R$34.3b | R$3.7b | 41.3x | 21.1x | 2.3x |
| Thu, 21 Mar 2024 | R$79.9b | R$34.3b | R$4.3b | 32.7x | 18.6x | 2.3x |
| Sat, 17 Feb 2024 | R$80.3b | R$33.8b | R$4.3b | 31.8x | 18.7x | 2.4x |
| Mon, 15 Jan 2024 | R$84.7b | R$33.6b | R$6.6b | 23.1x | 12.8x | 2.5x |
| Wed, 13 Dec 2023 | R$83.8b | R$33.6b | R$6.6b | 23.2x | 12.6x | 2.5x |
| Fri, 10 Nov 2023 | R$80.0b | R$32.9b | R$7.0b | 28.5x | 11.5x | 2.4x |
| Sun, 08 Oct 2023 | R$78.8b | R$32.7b | R$7.8b | 19x | 10.1x | 2.4x |
| Tue, 05 Sep 2023 | R$82.9b | R$32.7b | R$7.8b | 20.1x | 10.6x | 2.5x |
| Thu, 03 Aug 2023 | R$88.3b | R$31.6b | R$7.2b | 39.8x | 12.2x | 2.8x |
| Sat, 01 Jul 2023 | R$88.2b | R$31.6b | R$7.2b | 38.7x | 12.2x | 2.8x |
| Mon, 29 May 2023 | R$83.6b | R$31.6b | R$7.2b | 37.8x | 11.6x | 2.6x |
Price to Earnings Ratio
11.6x
Current Industry PE
- Investors are optimistic on the Brazilian Renewable Energy industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 37.1x which is higher than its 3-year average PE of 22.4x.
- The industry is trading close to its 3-year average PS ratio of 2.3x.
Past Earnings Growth
- The earnings for companies in the Renewable Energy industry have declined 27% per year over the last three years.
- Meanwhile revenues for these companies have grown 14% 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 Brazilian Utilities industry?
| BR Market | 0.21% | |
| Utilities | -0.35% | |
| Renewable Energy | 0.56% | |
| Independent Power Producers and Energy Traders | 1.84% | |
| Renewable Energy | -0.57% | |
Industry PE
- Investors are most optimistic about the Independent Power Producers and Energy Traders industry even though it's trading below its 3-year average PE ratio of 145x.
- Analysts are expecting annual earnings growth of 33.5%, which is lower than the prior year's growth of 165.9% per year.
- Investors are most pessimistic about the Renewable Energy industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 16.0x.
Forecasted Growth
- Analysts are most optimistic on the Independent Power Producers and Energy Traders industry, expecting annual earnings growth of 34% over the next 5 years.
- However this is lower than its past earnings growth rate of 166% per year.
- In contrast, the Renewable Energy industry is expected to see its earnings grow by 32% 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 | |
|---|---|---|---|---|---|
| ENEV3 Eneva | R$25.52 | 1.8% +R$881.3m | 80.1% | PE37.7x |