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Jun 09
Canadian (TSX) Renewable Energy Industry Analysis
UpdatedJun 11, 2024
DataAggregated Company Financials
Companies14
- 7D0.8%
- 3M20.7%
- 1Y-7.9%
- YTD7.1%
Last week, the Renewable Energy industry hasn't moved much but Capital Power is up 5.7% in that time. Unfortunately though, the industry is down 7.9% over the past 12 months. Looking forward, earnings are forecast to grow by 13% 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 |
|---|---|---|---|---|---|---|
| Tue, 11 Jun 2024 | CA$55.5b | CA$25.3b | CA$2.8b | 8.5x | 19.9x | 2.2x |
| Thu, 09 May 2024 | CA$51.6b | CA$25.1b | CA$2.8b | 7.7x | 18.5x | 2.1x |
| Sat, 06 Apr 2024 | CA$46.2b | CA$24.9b | CA$898.0m | 11.8x | 51.4x | 1.9x |
| Mon, 04 Mar 2024 | CA$47.0b | CA$25.1b | CA$809.7m | 27.1x | 58x | 1.9x |
| Wed, 31 Jan 2024 | CA$54.9b | CA$24.7b | CA$3.4b | 16.6x | 15.9x | 2.2x |
| Fri, 29 Dec 2023 | CA$54.7b | CA$24.5b | CA$3.4b | 16.1x | 16x | 2.2x |
| Sun, 26 Nov 2023 | CA$52.3b | CA$24.9b | CA$3.5b | 15.3x | 15.1x | 2.1x |
| Tue, 24 Oct 2023 | CA$48.5b | CA$24.2b | CA$1.7b | 16.9x | 28.3x | 2x |
| Thu, 21 Sep 2023 | CA$55.5b | CA$24.0b | CA$1.7b | 19.9x | 32.6x | 2.3x |
| Sat, 19 Aug 2023 | CA$55.8b | CA$24.1b | CA$1.7b | 16.3x | 32.7x | 2.3x |
| Mon, 17 Jul 2023 | CA$61.1b | CA$23.8b | CA$2.8b | 24.4x | 22.1x | 2.6x |
| Wed, 14 Jun 2023 | CA$61.7b | CA$23.8b | CA$2.8b | 25.2x | 22.2x | 2.6x |
| Fri, 12 May 2023 | CA$64.3b | CA$24.0b | CA$2.8b | 20.2x | 23.1x | 2.7x |
| Sun, 09 Apr 2023 | CA$64.3b | CA$22.6b | CA$2.7b | 44.9x | 24x | 2.8x |
| Tue, 07 Mar 2023 | CA$59.6b | CA$22.7b | CA$2.7b | 42.9x | 22x | 2.6x |
| Thu, 02 Feb 2023 | CA$61.1b | CA$21.5b | CA$1.6b | 27.7x | 38.6x | 2.8x |
| Sat, 31 Dec 2022 | CA$58.6b | CA$21.7b | CA$1.6b | 25.7x | 36.8x | 2.7x |
| Mon, 28 Nov 2022 | CA$64.7b | CA$21.6b | CA$1.6b | 30.1x | 40.8x | 3x |
| Wed, 26 Oct 2022 | CA$63.3b | CA$20.8b | CA$686.9m | 29.7x | 92.1x | 3x |
| Fri, 23 Sep 2022 | CA$74.1b | CA$20.7b | CA$683.7m | 34.5x | 108.3x | 3.6x |
| Sun, 21 Aug 2022 | CA$78.1b | CA$20.3b | CA$674.6m | 38.3x | 115.7x | 3.8x |
| Tue, 19 Jul 2022 | CA$70.8b | CA$19.3b | -CA$140,247,825.00 | 34.9x | -505.1x | 3.7x |
| Thu, 16 Jun 2022 | CA$68.8b | CA$19.3b | -CA$138,501,648.00 | 34x | -496.8x | 3.6x |
| Sat, 14 May 2022 | CA$68.0b | CA$19.2b | -CA$149,758,769.00 | 36.2x | -454.3x | 3.5x |
| Mon, 11 Apr 2022 | CA$75.4b | CA$18.5b | CA$466.1m | 44.8x | 161.7x | 4.1x |
| Wed, 09 Mar 2022 | CA$73.5b | CA$18.7b | CA$506.3m | 44.2x | 145.1x | 3.9x |
| Fri, 04 Feb 2022 | CA$62.8b | CA$17.8b | -CA$1,728,544,409.00 | 30.2x | -36.3x | 3.5x |
| Sun, 02 Jan 2022 | CA$68.4b | CA$17.8b | -CA$1,719,262,907.00 | 33.4x | -39.8x | 3.8x |
| Tue, 30 Nov 2021 | CA$69.2b | CA$17.9b | -CA$1,731,421,439.00 | 21.7x | -40x | 3.9x |
| Thu, 28 Oct 2021 | CA$72.0b | CA$17.1b | -CA$3,099,028,169.00 | 11.7x | -23.2x | 4.2x |
| Sat, 25 Sep 2021 | CA$73.4b | CA$17.3b | -CA$3,189,394,773.00 | 10.9x | -23x | 4.2x |
| Mon, 23 Aug 2021 | CA$75.9b | CA$17.1b | -CA$3,133,199,753.76 | 19.6x | -24.2x | 4.4x |
| Sat, 10 Jul 2021 | CA$73.3b | CA$17.1b | -CA$3,133,199,753.76 | 19.7x | -23.4x | 4.3x |
Price to Earnings Ratio
-23.4x
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 industry is trading at a PE ratio of 19.9x which is higher than its 3-year average PE of -8.3x.
- The 3-year average PS ratio of 3.1x is higher than the industry's current PS ratio of 2.2x.
Past Earnings Growth
- Total earnings for the Renewable Energy industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 14% 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 Utilities industry?
| CA Market | 0.31% | |
| Utilities | 0.12% | |
| Renewable Energy | 0.81% | |
| Independent Power Producers and Energy Traders | 4.42% | |
| Renewable Energy | 0.17% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 78.3x.
- Analysts are expecting annual earnings growth of 24.4%, which is lower than the prior year's growth of 144.3% 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.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 24% over the next 5 years.
- However this is lower than its past earnings growth rate of 144% per year.
- In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings decline by 52% 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 | |
|---|---|---|---|---|---|
| CPX Capital Power | CA$41.02 | 5.7% +CA$286.5m | -9.7% | PE8.5x | |
| NPI Northland Power | CA$24.39 | 2.1% +CA$128.2m | -13.5% | PS2.6x | |
| BEPC Brookfield Renewable | CA$43.45 | 0.5% +CA$82.1m | -1.2% | PE8.6x | |
| TA TransAlta | CA$10.01 | 2.8% +CA$81.9m | -22.8% | PE5.3x | |
| INE Innergex Renewable Energy | CA$10.68 | 3.4% +CA$71.2m | -20.1% | PS2x |
