Chinese (SSE) Renewable Energy Industry Analysis
UpdatedJan 27, 2023
DataAggregated Company Financials
Companies51
- 7D1.7%
- 3M2.9%
- 1Y-4.0%
- YTD-0.05%
Over the last 7 days, the Renewable Energy industry has remained flat, although notably Huaneng Lancang River Hydropower gained 4.0%. As for the longer term, the industry has declined 7.5% in the last year. As for the next few years, earnings are expected to grow by 25% per annum.
Industry Valuation and Performance
Has the Chinese Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|
Loading
Current Industry PE
- Investors are optimistic on the Chinese Renewable Energy industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 26.7x which is higher than its 3-year average PE of 21.7x.
- The industry is trading close to its 3-year average PS ratio of 2.0x.
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 13% 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 Chinese Utilities industry?
Industry PE
- Investors are most optimistic about the Independent Power Producers and Energy Traders industry even though it's trading below its 3-year average PE ratio of 48.5x.
- Analysts are expecting annual earnings growth of 43.7%, which is higher than its past year's earnings decline of 18.3% per year.
- Investors are most pessimistic about the Renewable Energy industry, which is trading close to its 3-year average of 20.6x.
Forecasted Growth
- Analysts are most optimistic on the Independent Power Producers and Energy Traders industry, expecting annual earnings growth of 44% over the next 5 years.
- This is better than its past earnings decline of 18% per year.
- In contrast, the Renewable Energy 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 | |
|---|---|---|---|---|---|
| 600021 Shanghai Electric Power | CN¥9.82 | 2.7% +CN¥732.4m | -21.4% | PS0.8x | |
| 600157 Wintime EnergyLtd | CN¥1.57 | 1.3% +CN¥444.4m | -6.5% | PE19x | |
| 600483 Fujian Funeng | CN¥12.19 | 1.8% +CN¥430.0m | -3.7% | PE13x | |
| 875 Jilin Electric PowerLtd | CN¥6.01 | 2.2% +CN¥362.7m | -20.5% | PE30.4x | |
| 27 Shenzhen Energy Group | CN¥6.11 | 1.2% +CN¥333.0m | -10.4% | PE13.3x |