Chinese (SSE) Renewable Energy Industry Analysis
- 7D-0.7%
- 3M-1.5%
- 1Y26.7%
- YTD-5.7%
Over the last 7 days, the Renewable Energy industry has remained flat, although notably Zhejiang Zheneng Electric Power declined by 3.1%. As for the the longer term, the industry is up 27% over the past 12 months.
Industry Valuation and Performance
Has the Chinese Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Wed, 19 Jan 2022 | CN„1.8t | CN„790.7b | CN„71.3b | 30.7x |
| Fri, 17 Dec 2021 | CN„2.0t | CN„790.7b | CN„71.3b | 33.6x |
| Sun, 14 Nov 2021 | CN„1.7t | CN„790.5b | CN„71.3b | 27.1x |
| Tue, 12 Oct 2021 | CN„1.9t | CN„760.5b | CN„91.0b | 23.5x |
| Thu, 09 Sep 2021 | CN„1.8t | CN„760.9b | CN„91.1b | 22.4x |
| Sat, 07 Aug 2021 | CN„1.5t | CN„760.4b | CN„91.0b | 17.3x |
| Fri, 30 Apr 2021 | CN„1.3t | CN„719.4b | CN„89.7b | 16.5x |
| Mon, 01 Feb 2021 | CN„1.2t | CN„681.0b | CN„83.8b | 15.7x |
| Thu, 05 Nov 2020 | CN„1.2t | CN„673.9b | CN„79.5b | 15.4x |
| Sun, 09 Aug 2020 | CN„1.2t | CN„669.2b | CN„70.0b | 18.3x |
| Sat, 02 May 2020 | CN„1.1t | CN„662.1b | CN„62.9b | 15.6x |
| Tue, 04 Feb 2020 | CN„1.1t | CN„685.8b | CN„67.8b | 16.9x |
| Fri, 08 Nov 2019 | CN„1.1t | CN„667.6b | CN„73.9b | 15.1x |
| Thu, 01 Aug 2019 | CN„1.2t | CN„657.0b | CN„71.6b | 17.3x |
| Sun, 05 May 2019 | CN„1.2t | CN„635.4b | CN„69.1b | 19.7x |
| Wed, 06 Feb 2019 | CN„1.1t | CN„620.4b | CN„66.9b | 19x |
19x
Current Industry PE: Investors are more optimistic on the industry, considering it's trading at a PE ratio of 30.7x which is higher than its 3-year average PE of 18.4x. It appears they are confident that earnings will grow faster in the future than they have historically.
Past Earnings Growth: The earnings for companies in the Renewable Energy industry have grown 2.1% per year over the last three years, and revenues for these companies have grown 8.4% 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 Chinese Renewable Energy industry?
| Renewable Energy | -0.0095% | |
| Independent Power Producers and Energy Traders | -1.80% | |
Industry PE: Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 24.9x. This is likely because analysts are expecting annual earnings growth of 14%, which is higher than its past year's earnings growth of 10% per year. Meanwhile, investors are most pessimistic about the Independent Power Producers and Energy Traders industry. Although, investor sentiment seems to have improved given its trading above its 3-year average of 16.4x.
Forecasted Growth: Analysts are most optimistic on the Independent Power Producers and Energy Traders industry, expecting annual earnings growth of 35% over the next 5 years. This is better than its past earnings decline of 33% per year. Meanwhile, the Renewable Energy industry is expected to see its earnings grow by 14% 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 | |
|---|---|---|---|---|---|
| 600900 China Yangtze Power | CN„22.86 | 1.6% +CN„8.2b | 17.8% | PE20.3x | |
| 600021 Shanghai Electric PowerLtd | CN„14.04 | 12.5% +CN„4.1b | 97.5% | PS1.3x | |
| 600905 China Three Gorges Renewables (Group)Ltd | CN„7.11 | 2.0% +CN„4.0b | n/a | PE42.3x | |
| 2015 GCL Intelligent Energy | CN„18.28 | 7.3% +CN„1.7b | 224.1% | PE25.6x | |
| 875 Jilin Electric PowerLtd | CN„8.63 | 4.5% +CN„1.0b | 102.6% | PE33.2x |