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Nov 28
Canadian (TSX) Renewable Energy Industry Analysis
UpdatedNov 30, 2022
DataAggregated Company Financials
Companies20
- 7D0.3%
- 3M-17.5%
- 1Y-10.0%
- YTD-7.7%
Last week, the Renewable Energy industry hasn't moved much but Innergex Renewable Energy is up 4.1% in that time. Unfortunately though, the industry is down 10.0% over the past 12 months. Looking forward, earnings are forecast to grow by 21% 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 |
|---|---|---|---|---|---|---|
| Wed, 30 Nov 2022 | CA$63.2b | CA$21.8b | CA$1.6b | 29.7x | 39.6x | 2.9x |
| Fri, 28 Oct 2022 | CA$63.1b | CA$20.7b | CA$684.5m | 29.7x | 92.2x | 3x |
| Sun, 25 Sep 2022 | CA$72.9b | CA$20.8b | CA$685.2m | 33.7x | 106.4x | 3.5x |
| Tue, 23 Aug 2022 | CA$77.7b | CA$20.3b | CA$675.6m | 37.7x | 115x | 3.8x |
| Thu, 21 Jul 2022 | CA$73.1b | CA$19.2b | -CA$136,681,947.00 | 34.9x | -534.6x | 3.8x |
| Sat, 18 Jun 2022 | CA$66.7b | CA$19.3b | -CA$141,258,770.00 | 33.5x | -472.2x | 3.4x |
| Mon, 16 May 2022 | CA$68.0b | CA$19.2b | -CA$149,758,769.00 | 36.2x | -454.3x | 3.5x |
| Wed, 13 Apr 2022 | CA$72.9b | CA$18.5b | CA$467.5m | 43.8x | 155.9x | 3.9x |
| Fri, 11 Mar 2022 | CA$75.9b | CA$18.6b | CA$498.9m | 44.1x | 152.2x | 4.1x |
| Sun, 06 Feb 2022 | CA$63.6b | CA$18.6b | CA$361.1m | 21.5x | 176.1x | 3.4x |
| Tue, 04 Jan 2022 | CA$68.4b | CA$17.9b | -CA$1,730,044,556.00 | 33.4x | -39.6x | 3.8x |
| Thu, 02 Dec 2021 | CA$69.1b | CA$17.9b | -CA$1,728,444,210.00 | 21.8x | -40x | 3.9x |
| Sat, 30 Oct 2021 | CA$74.1b | CA$17.1b | -CA$3,113,133,747.00 | 11.7x | -23.8x | 4.3x |
| Mon, 27 Sep 2021 | CA$73.4b | CA$17.3b | -CA$3,189,394,773.00 | 10.9x | -23x | 4.2x |
| Wed, 25 Aug 2021 | CA$76.4b | CA$17.1b | -CA$3,133,199,753.76 | 20x | -24.4x | 4.5x |
| Thu, 01 Jul 2021 | CA$73.3b | CA$17.1b | -CA$3,133,199,753.76 | 19.7x | -23.4x | 4.3x |
| Sun, 04 Apr 2021 | CA$77.5b | CA$16.9b | -CA$3,957,360,773.32 | 17.3x | -19.6x | 4.6x |
| Wed, 06 Jan 2021 | CA$84.5b | CA$17.0b | -CA$3,558,572,420.60 | 19.2x | -23.7x | 5x |
| Sat, 10 Oct 2020 | CA$67.4b | CA$17.3b | -CA$1,297,997,391.15 | 21.8x | -52x | 3.9x |
| Fri, 03 Jul 2020 | CA$38.9b | CA$13.3b | CA$264.2m | 18.2x | 147.2x | 2.9x |
| Mon, 06 Apr 2020 | CA$35.2b | CA$14.0b | CA$405.4m | 14.9x | 86.8x | 2.5x |
| Thu, 09 Jan 2020 | CA$35.4b | CA$12.8b | CA$454.4m | 35.3x | 77.9x | 2.8x |
Price to Earnings Ratio
60.9x
Current Industry PE
- Investors are optimistic on the Canadian Renewable Energy industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 39.6x which is higher than its 3-year average PE of -5.1x.
- The 3-year average PS ratio of 3.8x is higher than the industry's current PS ratio of 2.9x.
Past Earnings Growth
- The earnings for companies in the Renewable Energy industry have grown 40% per year over the last three years.
- Revenues for these companies have grown 21% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Canadian Utilities industry?
| CA Market | 0.22% | |
| Utilities | 0.28% | |
| Renewable Energy | 0.29% | |
| Renewable Energy | 0.34% | |
| Independent Power Producers and Energy Traders | -0.025% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 80.8x.
- Analysts are expecting annual earnings growth of 23.5%, which is higher than its past year's earnings decline of 0.5% per year.
- Investors are most pessimistic about the Independent Power Producers and Energy Traders industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 25.5x.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 23% over the next 5 years.
- This is better than its past earnings decline of 0.5% per year.
- In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings grow by 4.2% 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 | |
|---|---|---|---|---|---|
| INE Innergex Renewable Energy | CA$16.39 | 4.1% +CA$132.7m | -13.6% | PS3.8x | |
| CPX Capital Power | CA$45.17 | 2.0% +CA$101.7m | 18.6% | PE41.6x | |
| RNW TransAlta Renewables | CA$14.15 | 1.7% +CA$61.4m | -23.7% | PE49x | |
| NPI Northland Power | CA$37.64 | 0.3% +CA$27.0m | -1.6% | PE14.4x | |
| BLX Boralex | CA$36.92 | 0.7% +CA$24.7m | 1.8% | PE115x |