With Brookfield Renewable Corporation (TSE:BEPC) It Looks Like You'll Get What You Pay For
Dec 05
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Canadian (TSX) Renewable Energy Industry Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies15
- 7D-1.6%
- 3M0.1%
- 1Y6.4%
- YTD7.1%
Over the last 7 days, the Renewable Energy industry has dropped 2.1%, driven by a pullback from Brookfield Renewable of 5.3%. On the other hand TransAlta is actually up 7.1%. Over the past 12 months, the industry was up 5.1%. Earnings are forecast to grow by 11% annually.
Industry Valuation and Performance
Has the Canadian Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 21 Dec 2024 | CA$54.8b | CA$26.3b | -CA$1,765,466,838.27 | 20.7x | -31.1x | 2.1x |
| Mon, 18 Nov 2024 | CA$56.1b | CA$26.0b | -CA$1,712,710,611.90 | 14.4x | -32.8x | 2.2x |
| Wed, 16 Oct 2024 | CA$55.5b | CA$25.7b | CA$2.0b | 13x | 28.1x | 2.2x |
| Fri, 13 Sep 2024 | CA$52.8b | CA$25.5b | CA$2.0b | 12.6x | 26.9x | 2.1x |
| Sun, 11 Aug 2024 | CA$51.8b | CA$25.7b | CA$1.7b | 9.2x | 29.8x | 2x |
| Tue, 09 Jul 2024 | CA$51.9b | CA$25.2b | CA$2.8b | 7.9x | 18.7x | 2.1x |
| Thu, 06 Jun 2024 | CA$55.1b | CA$25.2b | CA$2.8b | 8.1x | 19.8x | 2.2x |
| Sat, 04 May 2024 | CA$48.8b | CA$24.9b | CA$651.4m | 7.7x | 74.9x | 2x |
| Mon, 01 Apr 2024 | CA$46.7b | CA$24.9b | CA$898.9m | 13.1x | 52x | 1.9x |
| Wed, 28 Feb 2024 | CA$46.2b | CA$24.8b | CA$578.8m | 28.2x | 79.7x | 1.9x |
| Fri, 26 Jan 2024 | CA$54.4b | CA$24.8b | CA$3.5b | 16.6x | 15.7x | 2.2x |
| Sun, 24 Dec 2023 | CA$55.3b | CA$24.6b | CA$3.4b | 16.1x | 16.1x | 2.2x |
| Tue, 21 Nov 2023 | CA$52.9b | CA$25.0b | CA$3.5b | 26.6x | 15.1x | 2.1x |
| Thu, 19 Oct 2023 | CA$47.6b | CA$24.3b | CA$1.7b | 17.3x | 27.7x | 2x |
| Sat, 16 Sep 2023 | CA$55.0b | CA$24.1b | CA$1.7b | 20x | 32.2x | 2.3x |
| Mon, 14 Aug 2023 | CA$56.4b | CA$24.0b | CA$1.7b | 16.7x | 33.2x | 2.4x |
| Wed, 12 Jul 2023 | CA$59.5b | CA$23.8b | CA$2.8b | 23.3x | 21.5x | 2.5x |
| Fri, 09 Jun 2023 | CA$64.6b | CA$23.9b | CA$2.8b | 20.1x | 23.2x | 2.7x |
| Sun, 07 May 2023 | CA$65.1b | CA$23.9b | CA$2.9b | 20x | 22.2x | 2.7x |
| Tue, 04 Apr 2023 | CA$63.5b | CA$22.5b | CA$2.7b | 44.5x | 23.8x | 2.8x |
| Thu, 02 Mar 2023 | CA$56.7b | CA$22.4b | CA$2.6b | 38.5x | 21.6x | 2.5x |
| Sat, 28 Jan 2023 | CA$61.8b | CA$21.5b | CA$1.6b | 28x | 39.1x | 2.9x |
| Mon, 26 Dec 2022 | CA$58.8b | CA$21.8b | CA$1.6b | 25.6x | 36.8x | 2.7x |
| Wed, 23 Nov 2022 | CA$63.0b | CA$21.6b | CA$1.6b | 30x | 39.7x | 2.9x |
| Fri, 21 Oct 2022 | CA$61.5b | CA$20.9b | CA$689.1m | 28x | 89.3x | 2.9x |
| Sun, 18 Sep 2022 | CA$78.0b | CA$20.5b | CA$678.3m | 36.6x | 114.9x | 3.8x |
| Tue, 16 Aug 2022 | CA$78.3b | CA$20.2b | CA$672.2m | 38.6x | 116.5x | 3.9x |
| Thu, 14 Jul 2022 | CA$70.1b | CA$19.3b | -CA$138,756,353.00 | 34.9x | -505.2x | 3.6x |
| Sat, 11 Jun 2022 | CA$71.4b | CA$19.1b | -CA$134,528,765.00 | 36.2x | -531.1x | 3.7x |
| Mon, 09 May 2022 | CA$69.4b | CA$19.1b | -CA$446,295,516.00 | 50.6x | -155.4x | 3.6x |
| Wed, 06 Apr 2022 | CA$73.8b | CA$18.4b | CA$457.7m | 43.6x | 161.3x | 4x |
| Fri, 04 Mar 2022 | CA$69.7b | CA$18.5b | CA$410.0m | 42.7x | 170.1x | 3.8x |
| Sun, 30 Jan 2022 | CA$63.8b | CA$17.9b | -CA$1,738,307,169.00 | 30.3x | -36.7x | 3.6x |
| Tue, 28 Dec 2021 | CA$68.6b | CA$17.9b | -CA$1,733,266,539.00 | 33.6x | -39.6x | 3.8x |
Price to Earnings Ratio
-39.6x
Current Industry PE
- Investors are pessimistic on the Canadian Renewable Energy industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 2.7x is higher than the industry's current PS ratio of 2.1x.
Past Earnings Growth
- Losses for companies in the Renewable Energy industry have mostly stayed the same over the last three years.
- Meanwhile revenues for these companies have grown 14% 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, losses haven't seen much improvement.
Industry Trends
Which industries have driven the changes within the Canadian Utilities industry?
| CA Market | -2.58% | |
| Utilities | -1.17% | |
| Renewable Energy | -1.62% | |
| Independent Power Producers and Energy Traders | 2.18% | |
| Renewable Energy | -2.92% | |
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 3.8x.
- Analysts are expecting annual earnings decline of 19.7%, which is lower than the prior year's growth of 0.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 21% over the next 5 years.
- This is better than its past earnings growth rate of 7.9% per year.
- In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings decline by 20% 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 | |
|---|---|---|---|---|---|
| TA TransAlta | CA$19.89 | 4.2% +CA$238.7m | 81.0% | PE37.6x | |
| CPX Capital Power | CA$63.15 | 0.9% +CA$73.4m | 67.4% | PE15.9x | |
| BLX Boralex | CA$29.21 | 0.8% +CA$22.6m | -12.2% | PE33.7x | |
| RNW TransAlta Renewables | CA$12.34 | 0.4% +CA$13.3m | -9.1% | PE42.2x | |
| PIF Polaris Renewable Energy | CA$13.00 | 0.9% +CA$2.5m | -1.4% | PE26.5x |