Serena Energia S.A.'s (BVMF:SRNA3) 26% Share Price Surge Not Quite Adding Up
Apr 16
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Brazilian (BOVESPA) Renewable Energy Industry Analysis
UpdatedApr 19, 2025
DataAggregated Company Financials
Companies6
- 7D-0.07%
- 3M13.3%
- 1Y-6.6%
- YTD16.5%
In the last week, Renewable Energy has been flat. As for the longer term, the industry has declined 6.6% in the last year. Earnings are forecast to grow by 5.6% annually.
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, 19 Apr 2025 | R$72.2b | R$35.7b | R$4.8b | 22x | 15x | 2x |
| Mon, 17 Mar 2025 | R$70.0b | R$33.5b | R$5.9b | 13.4x | 11.9x | 2.1x |
| Wed, 12 Feb 2025 | R$66.5b | R$30.8b | R$6.1b | 11x | 10.8x | 2.2x |
| Fri, 10 Jan 2025 | R$63.0b | R$30.8b | R$6.1b | 10.7x | 10.3x | 2x |
| Sun, 08 Dec 2024 | R$68.8b | R$30.8b | R$6.1b | 11.6x | 11.2x | 2.2x |
| Tue, 05 Nov 2024 | R$73.6b | R$30.4b | R$6.2b | 12.1x | 11.9x | 2.4x |
| Thu, 03 Oct 2024 | R$81.7b | R$33.6b | R$4.9b | 9.8x | 16.5x | 2.4x |
| Sat, 31 Aug 2024 | R$83.4b | R$33.6b | R$4.9b | 10.3x | 16.9x | 2.5x |
| Mon, 29 Jul 2024 | R$83.3b | R$33.7b | R$4.3b | 15.2x | 19.4x | 2.5x |
| Wed, 26 Jun 2024 | R$82.7b | R$33.7b | R$4.3b | 15x | 19.2x | 2.5x |
| Fri, 24 May 2024 | R$83.0b | R$33.7b | R$4.3b | 16x | 19.3x | 2.5x |
| Sun, 21 Apr 2024 | R$77.5b | R$34.3b | R$3.7b | 41.3x | 21.1x | 2.3x |
| Tue, 19 Mar 2024 | R$79.7b | R$34.3b | R$4.3b | 31.2x | 18.6x | 2.3x |
| Thu, 15 Feb 2024 | R$81.3b | R$33.8b | R$4.3b | 31.1x | 19x | 2.4x |
| Sat, 13 Jan 2024 | R$84.7b | R$33.6b | R$6.6b | 23.1x | 12.8x | 2.5x |
| Mon, 11 Dec 2023 | R$85.6b | R$33.6b | R$6.6b | 23.3x | 12.9x | 2.5x |
| Wed, 08 Nov 2023 | R$79.5b | R$33.0b | R$6.8b | 29.1x | 11.7x | 2.4x |
| Fri, 06 Oct 2023 | R$79.2b | R$32.7b | R$7.8b | 19.2x | 10.1x | 2.4x |
| Sun, 03 Sep 2023 | R$83.1b | R$32.7b | R$7.8b | 20.2x | 10.6x | 2.5x |
| Tue, 01 Aug 2023 | R$87.7b | R$31.6b | R$7.2b | 38.8x | 12.2x | 2.8x |
| Thu, 29 Jun 2023 | R$86.5b | R$31.6b | R$7.2b | 38.7x | 12x | 2.7x |
| Sat, 27 May 2023 | R$83.6b | R$31.6b | R$7.2b | 37.8x | 11.6x | 2.6x |
| Mon, 24 Apr 2023 | R$81.4b | R$29.6b | R$6.7b | 23x | 12.1x | 2.8x |
| Wed, 22 Mar 2023 | R$77.1b | R$28.9b | R$6.8b | 13.9x | 11.3x | 2.7x |
| Fri, 17 Feb 2023 | R$79.2b | R$26.1b | R$4.2b | 17.3x | 19.1x | 3x |
| Sun, 15 Jan 2023 | R$79.7b | R$26.1b | R$4.2b | 17.8x | 19.2x | 3.1x |
| Tue, 13 Dec 2022 | R$77.8b | R$26.1b | R$4.2b | 17.3x | 18.7x | 3x |
| Thu, 10 Nov 2022 | R$82.6b | R$26.2b | R$3.9b | 18.4x | 21x | 3.2x |
| Sat, 08 Oct 2022 | R$79.4b | R$25.2b | R$4.2b | 16.1x | 19x | 3.2x |
| Mon, 05 Sep 2022 | R$86.0b | R$25.2b | R$4.2b | 15.8x | 20.6x | 3.4x |
| Wed, 03 Aug 2022 | R$87.1b | R$24.0b | R$4.0b | 16.7x | 21.9x | 3.6x |
| Fri, 01 Jul 2022 | R$79.4b | R$24.0b | R$4.0b | 14.6x | 19.9x | 3.3x |
| Sun, 29 May 2022 | R$82.6b | R$24.0b | R$4.0b | 15x | 20.6x | 3.4x |
| Tue, 26 Apr 2022 | R$107.1b | R$25.2b | R$6.0b | 14.8x | 17.8x | 4.3x |
Price to Earnings Ratio
17.8x
Current Industry PE
- Investors are relatively neutral on the Brazilian Renewable Energy industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 15.6x.
- The 3-year average PS ratio of 2.7x is higher than the industry's current PS ratio of 2.0x.
Past Earnings Growth
- The earnings for companies in the Renewable Energy industry have declined 7.2% per year over the last three years.
- Meanwhile revenues for these companies have grown 12% 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 | 1.53% | |
| Utilities | 1.25% | |
| Renewable Energy | -0.068% | |
| Independent Power Producers and Energy Traders | 0.24% | |
| Renewable Energy | -0.22% | |
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 20.5x.
- Analysts are expecting annual earnings growth of 33.7%, which is higher than its past year's earnings decline of 80.7% per year.
- Investors are most pessimistic about the Renewable Energy industry, which is trading below its 3-year average of 13.8x.
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.
- This is better than its past earnings decline of 81% per year.
- In contrast, the Renewable Energy industry is expected to see its earnings decline by 9.0% 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 | |
|---|---|---|---|---|---|
| SRNA3 Serena Energia | R$9.40 | 2.7% +R$155.7m | 6.3% | PE19.7x | |
| ENEV3 Eneva | R$12.47 | 0.2% +R$57.9m | 1.6% | PE573.4x | |
| AURE3 Auren Energia | R$7.90 | 0.4% +R$31.3m | -33.1% | PE32.9x |
