Sichuan Chuantou EnergyLtd's (SHSE:600674) Promising Earnings May Rest On Soft Foundations
Aug 22
Chinese (SSE) Renewable Energy Industry Analysis
UpdatedAug 24, 2024
DataAggregated Company Financials
Companies57
- 7D-1.1%
- 3M2.5%
- 1Y19.1%
- YTD15.2%
The Renewable Energy industry has been flat over the last week, but SDIC Power Holdings has lost 3.4%. The past year has been better, since the industry has gained 22% in that time. Earnings are forecast to grow by 11% annually.
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 |
|---|---|---|---|---|---|---|
| Sat, 24 Aug 2024 | CN¥2.3t | CN¥1.1t | CN¥121.3b | 16.8x | 19.2x | 2.1x |
| Mon, 22 Jul 2024 | CN¥2.4t | CN¥1.1t | CN¥118.3b | 17.8x | 20.7x | 2.2x |
| Wed, 19 Jun 2024 | CN¥2.3t | CN¥1.1t | CN¥118.4b | 18x | 19.7x | 2.1x |
| Fri, 17 May 2024 | CN¥2.2t | CN¥1.1t | CN¥118.5b | 18.3x | 18.6x | 2x |
| Sun, 14 Apr 2024 | CN¥2.2t | CN¥1.1t | CN¥107.4b | 19.3x | 20.5x | 2x |
| Tue, 12 Mar 2024 | CN¥2.2t | CN¥1.1t | CN¥106.0b | 18.1x | 20.4x | 2x |
| Thu, 08 Feb 2024 | CN¥2.0t | CN¥1.8t | CN¥352.0b | 17x | 5.7x | 1.1x |
| Sat, 06 Jan 2024 | CN¥2.0t | CN¥1.0t | CN¥96.0b | 19.8x | 20.6x | 1.9x |
| Mon, 04 Dec 2023 | CN¥1.9t | CN¥1.0t | CN¥99.5b | 20.5x | 19.2x | 1.8x |
| Wed, 01 Nov 2023 | CN¥1.9t | CN¥1.0t | CN¥83.5b | 19.5x | 22.5x | 1.9x |
| Fri, 29 Sep 2023 | CN¥1.9t | CN¥1.0t | CN¥76.7b | 21x | 24.4x | 1.9x |
| Sun, 27 Aug 2023 | CN¥1.9t | CN¥1.0t | CN¥80.5b | 22.4x | 23.5x | 1.9x |
| Tue, 25 Jul 2023 | CN¥1.9t | CN¥991.0b | CN¥73.2b | 24.2x | 26.4x | 2x |
| Thu, 22 Jun 2023 | CN¥1.9t | CN¥991.1b | CN¥73.2b | 24.9x | 26.6x | 2x |
| Sat, 20 May 2023 | CN¥2.0t | CN¥993.0b | CN¥73.4b | 25.8x | 27.1x | 2x |
| Mon, 17 Apr 2023 | CN¥1.9t | CN¥1.0t | CN¥72.0b | 24.6x | 26.1x | 1.9x |
| Wed, 15 Mar 2023 | CN¥1.8t | CN¥979.9b | CN¥65.1b | 23.3x | 28x | 1.9x |
| Fri, 10 Feb 2023 | CN¥1.8t | CN¥977.9b | CN¥62.3b | 23.8x | 29x | 1.8x |
| Sun, 08 Jan 2023 | CN¥1.8t | CN¥975.3b | CN¥64.0b | 24.1x | 27.7x | 1.8x |
| Tue, 06 Dec 2022 | CN¥1.8t | CN¥973.7b | CN¥64.2b | 25.4x | 28.3x | 1.9x |
| Thu, 03 Nov 2022 | CN¥1.7t | CN¥967.1b | CN¥63.8b | 24.2x | 26.7x | 1.8x |
| Sat, 01 Oct 2022 | CN¥1.7t | CN¥916.2b | CN¥54.8b | 24.9x | 31.7x | 1.9x |
| Mon, 29 Aug 2022 | CN¥1.9t | CN¥905.6b | CN¥55.2b | 30.3x | 34.6x | 2.1x |
| Wed, 27 Jul 2022 | CN¥1.9t | CN¥885.6b | CN¥57.1b | 27.5x | 32.7x | 2.1x |
| Fri, 24 Jun 2022 | CN¥1.8t | CN¥885.4b | CN¥54.0b | 27.4x | 33.7x | 2.1x |
| Sun, 22 May 2022 | CN¥1.8t | CN¥885.2b | CN¥54.0b | 28.1x | 33.1x | 2x |
| Tue, 19 Apr 2022 | CN¥1.7t | CN¥785.5b | CN¥71.4b | 26.4x | 24.1x | 2.2x |
| Thu, 17 Mar 2022 | CN¥1.7t | CN¥801.4b | CN¥73.2b | 27.4x | 23.9x | 2.2x |
| Sat, 12 Feb 2022 | CN¥1.9t | CN¥797.3b | CN¥71.3b | 31.7x | 26.5x | 2.4x |
| Mon, 10 Jan 2022 | CN¥1.9t | CN¥790.6b | CN¥71.3b | 31.6x | 26.1x | 2.4x |
| Wed, 08 Dec 2021 | CN¥1.8t | CN¥790.6b | CN¥71.3b | 30.7x | 25.3x | 2.3x |
| Fri, 05 Nov 2021 | CN¥1.8t | CN¥791.6b | CN¥71.8b | 29.6x | 25.7x | 2.3x |
| Sun, 03 Oct 2021 | CN¥2.0t | CN¥760.5b | CN¥91.0b | 25.9x | 22.2x | 2.7x |
| Tue, 31 Aug 2021 | CN¥1.6t | CN¥760.9b | CN¥91.1b | 19.7x | 17.5x | 2.1x |
Price to Earnings Ratio
17.5x
Current Industry PE
- Investors are pessimistic on the Chinese 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 19.4x which is lower than its 3-year average PE of 24.8x.
- 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 grown 10% per year over the last three years.
- Revenues for these companies have grown 13% 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 Utilities industry?
| CN Market | -2.33% | |
| Utilities | -1.47% | |
| Renewable Energy | -1.05% | |
| Renewable Energy | -0.58% | |
| Independent Power Producers and Energy Traders | -1.69% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry, which is trading close to its 3-year average PE ratio of 22.6x.
- Analysts are expecting annual earnings growth of 10.7%, which is higher than its past year's earnings decline of 1.2% per year.
- Investors are most pessimistic about the Independent Power Producers and Energy Traders industry, which is trading below its 3-year average of 53.6x.
Forecasted Growth
- Analysts are most optimistic on the Independent Power Producers and Energy Traders industry, expecting annual earnings growth of 12% over the next 5 years.
- However this is lower than its past earnings growth rate of 16% per year.
- In contrast, the Renewable Energy industry is expected to see its earnings grow by 11% 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¥29.91 | 1.0% +CN¥7.1b | 35.0% | PE26.5x | |
| 601985 China National Nuclear Power | CN¥11.31 | 2.4% +CN¥4.9b | 56.6% | PE20x | |
| 000543 An Hui Wenergy | CN¥8.91 | 4.0% +CN¥770.7m | 40.1% | PE10.5x | |
| 002479 Zhejiang Fuchunjiang Environmental ThermoelectricLTD | CN¥3.63 | 0.8% +CN¥26.0m | -22.3% | PE13.8x |
