Engie Brasil Energia (BVMF:EGIE3) Has A Somewhat Strained Balance Sheet
Jan 22
Brazilian (BOVESPA) Renewable Energy Industry Analysis
UpdatedJan 30, 2023
DataAggregated Company Financials
Companies7
- 7D0.6%
- 3M-5.3%
- 1Y-5.6%
- YTD5.0%
In the last week, the Renewable Energy industry is flat overall, with Eneva standing out by going down 3.8%. As for the longer term, the industry has declined 5.6% in the last year. Earnings are forecast to grow by 22% 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 |
|---|---|---|---|---|---|---|
| Mon, 30 Jan 2023 | R$80.6b | R$26.1b | R$4.2b | 17.5x | 19.4x | 3.1x |
| Wed, 28 Dec 2022 | R$77.9b | R$26.1b | R$4.2b | 16.8x | 18.7x | 3x |
| Fri, 25 Nov 2022 | R$78.8b | R$25.7b | R$4.2b | 16x | 18.7x | 3.1x |
| Sun, 23 Oct 2022 | R$80.5b | R$25.2b | R$4.2b | 16.5x | 19.3x | 3.2x |
| Tue, 20 Sep 2022 | R$82.9b | R$25.2b | R$4.2b | 15.6x | 19.9x | 3.3x |
| Thu, 18 Aug 2022 | R$87.0b | R$24.4b | R$4.1b | 16.6x | 21.2x | 3.6x |
| Sat, 16 Jul 2022 | R$83.7b | R$24.0b | R$4.0b | 16.4x | 21x | 3.5x |
| Mon, 13 Jun 2022 | R$76.8b | R$24.0b | R$4.0b | 14.2x | 19.3x | 3.2x |
| Wed, 11 May 2022 | R$77.8b | R$22.8b | R$4.0b | 14.2x | 19.3x | 3.4x |
| Fri, 08 Apr 2022 | R$93.9b | R$24.1b | R$6.0b | 15.3x | 15.7x | 3.9x |
| Sun, 06 Mar 2022 | R$75.3b | R$23.3b | R$5.7b | 10.8x | 13.1x | 3.2x |
| Tue, 01 Feb 2022 | R$76.6b | R$25.7b | R$5.9b | 12.3x | 12.9x | 3x |
| Thu, 30 Dec 2021 | R$73.5b | R$25.7b | R$5.9b | 12.5x | 12.4x | 2.9x |
| Sat, 27 Nov 2021 | R$72.8b | R$24.1b | R$6.1b | 12.6x | 12x | 3x |
| Mon, 25 Oct 2021 | R$72.4b | R$22.3b | R$5.2b | 13.1x | 13.8x | 3.3x |
| Wed, 22 Sep 2021 | R$77.3b | R$22.3b | R$5.2b | 13.4x | 14.8x | 3.5x |
| Fri, 20 Aug 2021 | R$76.8b | R$22.3b | R$5.2b | 13.3x | 14.7x | 3.4x |
| Fri, 04 Jun 2021 | R$82.3b | R$21.1b | R$5.9b | 18.4x | 14x | 3.9x |
| Mon, 08 Mar 2021 | R$75.4b | R$20.2b | R$5.8b | 16.7x | 13x | 3.7x |
| Thu, 10 Dec 2020 | R$70.8b | R$17.7b | R$4.6b | 13.9x | 15.2x | 4x |
| Wed, 02 Sep 2020 | R$68.9b | R$17.2b | R$5.0b | 12.8x | 13.9x | 4x |
| Sat, 06 Jun 2020 | R$62.8b | R$16.6b | R$4.4b | 14.2x | 14.4x | 3.8x |
| Tue, 10 Mar 2020 | R$70.9b | R$16.0b | R$4.2b | 16.8x | 16.9x | 4.4x |
Price to Earnings Ratio
17.8x
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 19.4x which is higher than its 3-year average PE of 15.5x.
- The 3-year average PS ratio of 3.6x is higher than the industry's current PS ratio of 3.1x.
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 18% 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 | 0.53% | |
| Utilities | 1.05% | |
| Renewable Energy | 0.62% | |
| Renewable Energy | 2.05% | |
| Independent Power Producers and Energy Traders | -3.78% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 14.9x.
- Analysts are expecting annual earnings growth of 21.9%, which is higher than its past year's earnings decline of 42.3% per year.
- Investors are most pessimistic about the Independent Power Producers and Energy Traders industry, which is trading close to its 3-year average of 19.1x.
Forecasted Growth
- Analysts are most optimistic on the Independent Power Producers and Energy Traders industry, expecting annual earnings growth of 24% over the next 5 years.
- This is better than its past earnings decline of 23% per year.
- In contrast, the Renewable Energy industry is expected to see its earnings grow by 22% 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 | |
|---|---|---|---|---|---|
| EGIE3 Engie Brasil Energia | R$38.85 | 2.1% +R$660.9m | -4.5% | PE17.1x | |
| AURE3 Auren Energia | R$15.30 | 4.0% +R$590.0m | n/a | PE64.9x | |
| AESB3 AES Brasil Energia | R$10.17 | 1.5% +R$89.8m | -13.9% | PS2.2x | |
| MEGA3 Omega Energia | R$9.18 | 1.1% +R$62.3m | -20.7% | PE7.9x | |
| RNEW11 Renova Energia | R$6.40 | 4.9% +R$24.4m | -7.0% | PE2.8x |