Have your own idea? Try our Stock Screener
Brazilian (BOVESPA) Renewable Energy Industry Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies6
- 7D-1.6%
- 3M-17.9%
- 1Y-22.2%
- YTD-21.3%
Over the last 7 days, the Renewable Energy industry has dropped 1.6%, driven by a pullback from Eneva of 2.2%. In contrast, Renova Energia has gained 9.3%. The industry has fallen 22% in the last year. Looking forward, earnings are forecast to decline by 8.1% per year.
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 |
|---|---|---|---|---|---|---|
| Sat, 21 Dec 2024 | R$66.0b | R$30.8b | R$6.1b | 11.3x | 10.8x | 2.1x |
| Mon, 18 Nov 2024 | R$71.8b | R$30.8b | R$6.1b | 12.1x | 11.7x | 2.3x |
| Wed, 16 Oct 2024 | R$80.6b | R$33.6b | R$4.9b | 9.8x | 16.3x | 2.4x |
| Fri, 13 Sep 2024 | R$83.6b | R$33.6b | R$4.9b | 10x | 16.9x | 2.5x |
| Sun, 11 Aug 2024 | R$84.2b | R$34.0b | R$4.2b | 10x | 20.1x | 2.5x |
| Tue, 09 Jul 2024 | R$85.1b | R$33.7b | R$4.3b | 15.8x | 19.8x | 2.5x |
| Thu, 06 Jun 2024 | R$82.5b | R$33.7b | R$4.3b | 15.4x | 19.2x | 2.4x |
| Sat, 04 May 2024 | R$80.2b | R$34.4b | R$3.5b | 85.8x | 22.6x | 2.3x |
| Mon, 01 Apr 2024 | R$79.8b | R$34.3b | R$3.7b | 45.8x | 21.8x | 2.3x |
| Wed, 28 Feb 2024 | R$80.8b | R$34.3b | R$4.3b | 36.6x | 18.9x | 2.4x |
| Fri, 26 Jan 2024 | R$82.6b | R$33.6b | R$6.6b | 23x | 12.5x | 2.5x |
| Sun, 24 Dec 2023 | R$87.6b | R$33.6b | R$6.6b | 23.4x | 13.2x | 2.6x |
| Tue, 21 Nov 2023 | R$84.4b | R$33.6b | R$6.7b | 24.4x | 12.7x | 2.5x |
| Thu, 19 Oct 2023 | R$77.4b | R$32.7b | R$7.8b | 18.4x | 9.9x | 2.4x |
| Sat, 16 Sep 2023 | R$84.4b | R$32.7b | R$7.8b | 20.3x | 10.8x | 2.6x |
| Mon, 14 Aug 2023 | R$84.8b | R$32.7b | R$8.0b | 21.2x | 10.6x | 2.6x |
| Wed, 12 Jul 2023 | R$87.5b | R$31.6b | R$7.2b | 41.2x | 12.1x | 2.8x |
| Fri, 09 Jun 2023 | R$85.1b | R$31.6b | R$7.2b | 37.9x | 11.8x | 2.7x |
| Sun, 07 May 2023 | R$82.3b | R$29.8b | R$6.9b | 21x | 11.9x | 2.8x |
| Tue, 04 Apr 2023 | R$76.8b | R$29.6b | R$6.7b | 17x | 11.5x | 2.6x |
| Thu, 02 Mar 2023 | R$78.4b | R$28.9b | R$6.8b | 14.4x | 11.5x | 2.7x |
| Sat, 28 Jan 2023 | R$80.6b | R$26.1b | R$4.2b | 17.5x | 19.4x | 3.1x |
| Mon, 26 Dec 2022 | R$79.8b | R$26.1b | R$4.2b | 17.3x | 19.2x | 3.1x |
| Wed, 23 Nov 2022 | R$79.9b | R$25.7b | R$4.2b | 15.5x | 19x | 3.1x |
| Fri, 21 Oct 2022 | R$79.4b | R$25.2b | R$4.2b | 15.9x | 19x | 3.2x |
| Sun, 18 Sep 2022 | R$82.2b | R$25.2b | R$4.2b | 15.5x | 19.7x | 3.3x |
| Tue, 16 Aug 2022 | R$87.2b | R$24.3b | R$4.0b | 16.6x | 21.6x | 3.6x |
| Thu, 14 Jul 2022 | R$84.1b | R$24.0b | R$4.0b | 16.4x | 21.1x | 3.5x |
| Sat, 11 Jun 2022 | R$76.8b | R$24.0b | R$4.0b | 14.2x | 19.1x | 3.2x |
| Mon, 09 May 2022 | R$77.3b | R$22.8b | R$4.0b | 14.3x | 19.2x | 3.4x |
| Wed, 06 Apr 2022 | R$93.8b | R$24.1b | R$6.0b | 15.6x | 15.7x | 3.9x |
| Fri, 04 Mar 2022 | R$76.1b | R$23.3b | R$5.7b | 11.1x | 13.3x | 3.3x |
| Sun, 30 Jan 2022 | R$76.6b | R$25.7b | R$5.9b | 11.7x | 12.9x | 3x |
| Tue, 28 Dec 2021 | R$70.3b | R$24.1b | R$6.1b | 12.6x | 11.5x | 2.9x |
Price to Earnings Ratio
11.5x
Current Industry PE
- Investors are pessimistic on the Brazilian Renewable Energy industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 10.8x which is lower than its 3-year average PE of 15.8x.
- The 3-year average PS ratio of 2.8x is higher than the industry's current PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Renewable Energy industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 8.6% 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 and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Brazilian Utilities industry?
| BR Market | -3.14% | |
| Utilities | -1.06% | |
| Renewable Energy | -1.60% | |
| Renewable Energy | -1.32% | |
| Independent Power Producers and Energy Traders | -2.18% | |
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 6.0x.
- Analysts are expecting annual earnings decline of 1.9%, which is lower than the prior year's growth of 160.3% per year.
- Investors are most pessimistic about the Renewable Energy industry, which is trading below its 3-year average of 14.3x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Independent Power Producers and Energy Traders industry since they expect its earnings to decline by only 1.9% per year over the next 5 years, which isn't as bad as the other industries.
- This is a reversal from its past annual earnings growth rate of 160% per year.
- In contrast, the Renewable Energy industry is expected to see its earnings decline by 12% 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 | |
|---|---|---|---|---|---|
| RNEW11 Renova Energia | R$3.07 | 9.3% +R$21.6m | -16.3% | PE3.3x |