Here's Why Secure Energy Services (TSE:SES) Can Manage Its Debt Responsibly
Nov 30
Canadian (TSX) Energy Sector Analysis
UpdatedDec 02, 2023
DataAggregated Company Financials
Companies236
- 7D0.1%
- 3M-1.6%
- 1Y-2.5%
- YTD6.5%
The Energy industry has stayed flat over the last week. In line with that, the industry has also been flat over the past 12 months. Earnings are forecast to grow by 14% annually.
Sector Valuation and Performance
Has the Canadian Energy Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 03 Dec 2023 | CA$633.6b | CA$414.4b | CA$49.0b | 7x | 12.9x | 1.5x |
| Tue, 31 Oct 2023 | CA$630.5b | CA$427.6b | CA$56.1b | 6.4x | 11.2x | 1.5x |
| Thu, 28 Sep 2023 | CA$641.8b | CA$428.2b | CA$56.7b | 6.8x | 11.3x | 1.5x |
| Sat, 26 Aug 2023 | CA$606.7b | CA$428.4b | CA$56.7b | 6.2x | 10.7x | 1.4x |
| Mon, 24 Jul 2023 | CA$586.4b | CA$462.9b | CA$68.5b | 5.6x | 8.6x | 1.3x |
| Wed, 21 Jun 2023 | CA$558.2b | CA$463.0b | CA$68.6b | 5x | 8.1x | 1.2x |
| Fri, 19 May 2023 | CA$562.9b | CA$464.5b | CA$69.0b | 5x | 8.2x | 1.2x |
| Sun, 16 Apr 2023 | CA$607.1b | CA$473.8b | CA$70.6b | 5.7x | 8.6x | 1.3x |
| Tue, 14 Mar 2023 | CA$580.1b | CA$473.7b | CA$70.9b | 5.3x | 8.2x | 1.2x |
| Thu, 09 Feb 2023 | CA$613.5b | CA$461.8b | CA$75.9b | 5.7x | 8.1x | 1.3x |
| Sat, 07 Jan 2023 | CA$593.1b | CA$459.3b | CA$75.0b | 5.8x | 7.9x | 1.3x |
| Mon, 05 Dec 2022 | CA$639.0b | CA$459.2b | CA$75.0b | 6.3x | 8.5x | 1.4x |
| Wed, 02 Nov 2022 | CA$648.5b | CA$432.8b | CA$65.5b | 7.3x | 9.9x | 1.5x |
| Fri, 30 Sep 2022 | CA$563.8b | CA$425.9b | CA$64.9b | 6.2x | 8.7x | 1.3x |
| Sun, 28 Aug 2022 | CA$636.6b | CA$424.5b | CA$64.5b | 7.3x | 9.9x | 1.5x |
| Tue, 26 Jul 2022 | CA$590.5b | CA$369.2b | CA$52.3b | 8.4x | 11.3x | 1.6x |
| Thu, 23 Jun 2022 | CA$604.0b | CA$369.2b | CA$52.4b | 8.7x | 11.5x | 1.6x |
| Sat, 21 May 2022 | CA$662.8b | CA$368.8b | CA$52.2b | 9.7x | 12.7x | 1.8x |
| Mon, 18 Apr 2022 | CA$654.5b | CA$326.3b | CA$41.8b | 10.3x | 15.6x | 2x |
| Wed, 16 Mar 2022 | CA$585.5b | CA$326.3b | CA$41.9b | 8x | 14x | 1.8x |
| Fri, 11 Feb 2022 | CA$561.9b | CA$303.6b | CA$32.4b | 9.3x | 17.3x | 1.9x |
| Sun, 09 Jan 2022 | CA$519.2b | CA$282.0b | CA$28.9b | 8.6x | 17.9x | 1.8x |
| Tue, 07 Dec 2021 | CA$479.8b | CA$282.1b | CA$28.9b | 9.2x | 16.6x | 1.7x |
| Thu, 04 Nov 2021 | CA$516.2b | CA$258.5b | CA$22.3b | 11.8x | 23.2x | 2x |
| Sat, 02 Oct 2021 | CA$472.1b | CA$248.0b | CA$18.6b | 11.2x | 25.4x | 1.9x |
| Mon, 30 Aug 2021 | CA$420.8b | CA$245.1b | CA$18.3b | 8.9x | 23.1x | 1.7x |
| Tue, 06 Jul 2021 | CA$449.7b | CA$245.1b | CA$18.3b | 9.6x | 24.6x | 1.8x |
| Fri, 09 Apr 2021 | CA$386.1b | CA$207.7b | CA$1.4b | 10.5x | 275.1x | 1.9x |
| Thu, 31 Dec 2020 | CA$309.5b | CA$196.5b | -CA$26,250,399,286.25 | 9.8x | -11.8x | 1.6x |
Price to Earnings Ratio
-10x
Current Industry PE
- Investors are pessimistic on the Canadian 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 12.9x which is lower than its 3-year average PE of 34.6x.
- The industry is trading close to its 3-year average PS ratio of 1.6x.
Past Earnings Growth
- Total earnings for the Energy industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 25% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Canadian Energy sector?
| CA Market | 1.37% | |
| Energy | 0.14% | |
| Energy Services | 1.59% | |
| Oil and Gas | 0.11% | |
Industry PE
- Investors are most optimistic about the Oil and Gas industry even though it's trading below its 3-year average PE ratio of 25.4x.
- Analysts are expecting annual earnings growth of 13.3%, which is higher than its past year's earnings decline of 25.6% per year.
- Investors are most pessimistic about the Energy Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 26% over the next 5 years.
- However this is lower than its past earnings growth rate of 111% per year.
- In contrast, the Oil and Gas industry is expected to see its earnings grow by 13% 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 | |
|---|---|---|---|---|---|
| CNQ Canadian Natural Resources | CA$91.63 | 2.6% +CA$2.5b | 13.6% | PE13.9x | |
| ENB Enbridge | CA$47.47 | 1.9% +CA$1.9b | -13.2% | PE33.1x | |
| TRP TC Energy | CA$51.06 | 0.9% +CA$477.2m | -12.3% | PS3.9x | |
| ARX ARC Resources | CA$22.13 | 3.4% +CA$440.8m | 11.7% | PE7.3x | |
| PPL Pembina Pipeline | CA$45.67 | 1.5% +CA$362.5m | -5.6% | PE21x |
