There's Reason For Concern Over Eneva S.A.'s (BVMF:ENEV3) Price
Nov 15
Have your own idea? Try our Stock Screener
Brazilian (BOVESPA) Renewable Energy Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies6
- 7D-0.9%
- 3M-14.5%
- 1Y-16.6%
- YTD-15.9%
Over the last 7 days, the Renewable Energy industry has dropped 1.7%, driven by declines from every company within the industry. Overall the industry is down 14% in 12 months. In the next few years, earnings are forecast to decline by 6.3% 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 |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | R$71.1b | R$30.8b | R$6.1b | 11.8x | 11.6x | 2.3x |
| Sat, 19 Oct 2024 | R$81.5b | R$33.6b | R$4.9b | 10.3x | 16.5x | 2.4x |
| Mon, 16 Sep 2024 | R$84.1b | R$33.6b | R$4.9b | 10.5x | 17x | 2.5x |
| Wed, 14 Aug 2024 | R$84.3b | R$34.0b | R$4.2b | 10.4x | 20.1x | 2.5x |
| Fri, 12 Jul 2024 | R$86.0b | R$33.7b | R$4.3b | 16.1x | 20x | 2.6x |
| Sun, 09 Jun 2024 | R$82.2b | R$33.7b | R$4.3b | 15.2x | 19.1x | 2.4x |
| Tue, 07 May 2024 | R$80.4b | R$34.4b | R$3.5b | 88.3x | 22.7x | 2.3x |
| Thu, 04 Apr 2024 | R$80.1b | R$34.3b | R$3.7b | 43.5x | 21.8x | 2.3x |
| Sat, 02 Mar 2024 | R$82.3b | R$33.9b | R$4.3b | 37.6x | 19x | 2.4x |
| Mon, 29 Jan 2024 | R$82.1b | R$33.6b | R$6.6b | 23.2x | 12.4x | 2.4x |
| Wed, 27 Dec 2023 | R$87.6b | R$33.6b | R$6.6b | 23.5x | 13.2x | 2.6x |
| Fri, 24 Nov 2023 | R$85.8b | R$33.6b | R$6.7b | 24.4x | 12.9x | 2.6x |
| Sun, 22 Oct 2023 | R$78.3b | R$32.7b | R$7.8b | 18.7x | 10x | 2.4x |
| Tue, 19 Sep 2023 | R$83.9b | R$32.7b | R$7.8b | 20.2x | 10.7x | 2.6x |
| Thu, 17 Aug 2023 | R$84.0b | R$32.7b | R$7.8b | 20.7x | 10.7x | 2.6x |
| Sat, 15 Jul 2023 | R$86.9b | R$31.6b | R$7.2b | 41.1x | 12.1x | 2.8x |
| Mon, 12 Jun 2023 | R$86.6b | R$31.6b | R$7.2b | 38.7x | 12x | 2.7x |
| Wed, 10 May 2023 | R$82.6b | R$30.0b | R$6.9b | 22.9x | 11.9x | 2.8x |
| Fri, 07 Apr 2023 | R$77.4b | R$29.6b | R$6.7b | 17x | 11.6x | 2.6x |
| Sun, 05 Mar 2023 | R$78.1b | R$28.9b | R$6.8b | 14.3x | 11.4x | 2.7x |
| Tue, 31 Jan 2023 | R$79.8b | R$26.1b | R$4.2b | 17.4x | 19.2x | 3.1x |
| Thu, 29 Dec 2022 | R$79.5b | R$26.1b | R$4.2b | 17.3x | 19.1x | 3x |
| Sat, 26 Nov 2022 | R$78.8b | R$25.9b | R$4.3b | 15.6x | 18.4x | 3x |
| Mon, 24 Oct 2022 | R$80.5b | R$25.2b | R$4.2b | 16.5x | 19.3x | 3.2x |
| Wed, 21 Sep 2022 | R$82.4b | R$25.2b | R$4.2b | 15.5x | 19.7x | 3.3x |
| Fri, 19 Aug 2022 | R$86.4b | R$25.2b | R$4.2b | 16.4x | 20.7x | 3.4x |
| Sun, 17 Jul 2022 | R$83.7b | R$24.0b | R$4.0b | 16.4x | 21x | 3.5x |
| Tue, 14 Jun 2022 | R$75.4b | R$24.0b | R$4.0b | 14x | 18.9x | 3.1x |
| Thu, 12 May 2022 | R$76.9b | R$22.8b | R$4.0b | 13.9x | 19.1x | 3.4x |
| Sat, 09 Apr 2022 | R$94.8b | R$24.1b | R$6.0b | 15.2x | 15.8x | 3.9x |
| Mon, 07 Mar 2022 | R$75.3b | R$23.3b | R$5.7b | 10.8x | 13.1x | 3.2x |
| Wed, 02 Feb 2022 | R$78.1b | R$25.7b | R$5.9b | 12.2x | 13.2x | 3x |
| Fri, 31 Dec 2021 | R$73.5b | R$25.7b | R$5.9b | 12.5x | 12.4x | 2.9x |
| Sun, 28 Nov 2021 | R$72.8b | R$24.1b | R$6.1b | 12.6x | 12x | 3x |
Price to Earnings Ratio
12x
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 11.5x which is lower than its 3-year average PE of 15.9x.
- The 3-year average PS ratio of 2.8x is higher than the industry's current PS ratio of 2.3x.
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 | 0.30% | |
| Utilities | 0.18% | |
| Renewable Energy | -0.93% | |
| Renewable Energy | -0.42% | |
| Independent Power Producers and Energy Traders | -2.00% | |
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 5.6x.
- Analysts are expecting annual earnings growth 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 14.4x.
Forecasted Growth
- Analysts are most optimistic on the Independent Power Producers and Energy Traders industry, expecting annual earnings growth of 1.9% over the next 5 years.
- In contrast, the Renewable Energy industry is expected to see its earnings decline by 10% 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$7.07 | 2.9% +R$124.5m | -20.0% | PE20.5x | |
| RNEW11 Renova Energia | R$3.06 | 4.1% +R$10.0m | -1.6% | PE3.3x |
