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Colombian (COLCAP) Utilities Sector Analysis

UpdatedMar 31, 2026
DataAggregated Company Financials
Companies7
  • 7D-1.9%
  • 3M5.0%
  • 1Y17.5%
  • YTD4.4%

Last week, the Utilities industry hasn't moved much but CELSIA E.S.P is up 21% in that time. As for the the longer term, the industry is up 17% over the past 12 months. As for the next few years, earnings are forecast to decline by 7.0% per annum.

Sector Valuation and Performance

Has the Colombian Utilities Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 31 Mar 2026Col$78.1tCol$42.7tCol$7.4t8.5x10.5x1.8x
Thu, 26 Feb 2026Col$79.8tCol$44.1tCol$6.8t10.2x11.7x1.8x
Sat, 24 Jan 2026Col$84.9tCol$44.1tCol$6.8t11.4x12.4x1.9x
Mon, 22 Dec 2025Col$74.0tCol$44.1tCol$6.8t10.1x10.8x1.7x
Wed, 19 Nov 2025Col$75.5tCol$44.0tCol$6.8t11x11.1x1.7x
Fri, 17 Oct 2025Col$72.1tCol$43.7tCol$7.0t9.7x10.2x1.6x
Sun, 14 Sep 2025Col$71.2tCol$43.7tCol$7.0t9.3x10.1x1.6x
Tue, 12 Aug 2025Col$72.4tCol$44.9tCol$7.3t8.7x9.9x1.6x
Thu, 10 Jul 2025Col$70.0tCol$44.9tCol$7.3t7.6x9.5x1.6x
Sat, 07 Jun 2025Col$69.2tCol$44.8tCol$7.3t7.7x9.4x1.5x
Mon, 05 May 2025Col$70.3tCol$44.1tCol$6.9t8.5x10.1x1.6x
Wed, 02 Apr 2025Col$66.5tCol$45.2tCol$6.9t7.8x9.6x1.5x
Fri, 28 Feb 2025Col$68.2tCol$42.6tCol$6.9t8.3x9.9x1.6x
Sun, 26 Jan 2025Col$61.9tCol$42.2tCol$6.9t7.4x9x1.5x
Tue, 24 Dec 2024Col$59.7tCol$43.1tCol$6.9t7.6x8.7x1.4x
Thu, 21 Nov 2024Col$62.4tCol$43.0tCol$6.9t7.8x9x1.5x
Sat, 19 Oct 2024Col$64.0tCol$41.6tCol$6.4t8.7x9.9x1.5x
Mon, 16 Sep 2024Col$62.2tCol$41.6tCol$6.4t8.2x9.7x1.5x
Wed, 14 Aug 2024Col$61.0tCol$41.3tCol$6.5t8.4x9.4x1.5x
Fri, 12 Jul 2024Col$63.1tCol$40.6tCol$6.4t8.9x9.8x1.6x
Sun, 09 Jun 2024Col$64.3tCol$40.6tCol$6.4t9.1x10x1.6x
Tue, 07 May 2024Col$63.9tCol$41.1tCol$6.8t8.6x9.4x1.6x
Thu, 04 Apr 2024Col$62.4tCol$41.1tCol$6.7t8.8x9.2x1.5x
Sat, 02 Mar 2024Col$56.0tCol$40.8tCol$7.0t7.1x8x1.4x
Mon, 29 Jan 2024Col$56.2tCol$41.0tCol$7.0t7.7x8.1x1.4x
Wed, 27 Dec 2023Col$49.0tCol$41.0tCol$7.0t6.1x7x1.2x
Fri, 24 Nov 2023Col$48.6tCol$40.4tCol$7.0t5.8x6.9x1.2x
Sun, 22 Oct 2023Col$46.8tCol$40.5tCol$7.2t5.7x6.5x1.2x
Tue, 19 Sep 2023Col$46.7tCol$40.5tCol$7.2t5.6x6.5x1.2x
Thu, 17 Aug 2023Col$50.3tCol$39.7tCol$7.3t6.1x6.9x1.3x
Sat, 15 Jul 2023Col$51.9tCol$39.4tCol$7.3t6.1x7.1x1.3x
Mon, 12 Jun 2023Col$52.2tCol$39.4tCol$7.2t6.5x7.2x1.3x
Wed, 10 May 2023Col$50.7tCol$37.1tCol$6.9t6.5x7.4x1.4x
Fri, 07 Apr 2023Col$48.2tCol$36.5tCol$7.2t6.5x6.7x1.3x
Price to Earnings Ratio

6.7x


Total Market Cap: Col$48.2tTotal Earnings: Col$7.2tTotal Revenue: Col$36.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Colombian Utilities Sector Price to Earnings3Y Average 9.1x202420252026
Current Industry PE
  • Investors are optimistic on the Colombian Utilities industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 10.5x which is higher than its 3-year average PE of 9.1x.
  • The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 1.8x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 5.3% 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 Colombian Utilities sector?

CO Market-0.45%
Utilities-1.95%
Gas Utilities0.56%
Electric Utilities-3.87%
Industry PE
  • Investors are most optimistic about the Electric Utilities industry which is trading above its 3-year average PE ratio of 10.3x.
    • Analysts are expecting annual earnings growth of 7.4%, which is lower than the prior year's growth of 12.0% per year.
  • Investors are most pessimistic about the Gas Utilities industry, which is trading close to its 3-year average of 8.1x.
Forecasted Growth
  • Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 7.4% over the next 5 years.
  • However this is lower than its past earnings growth rate of 12% per year.
  • In contrast, the Gas Utilities industry is expected to see its earnings decline by 26% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
CELSIA CELSIA E.S.PCol$5.20k3.2%
+Col$166.6b		30.5%PE26.2x
GEB Grupo Energía Bogotá E.S.PCol$2.96k0.5%
+Col$137.7b		3.7%PE8.5x
PROMIGAS Promigas E.S.PCol$6.85k0.7%
+Col$56.7b		2.2%PE7.2x

Latest News

CELSIA
Col$5,200.00
CELSIA E.S.P
7D
3.2%
1Y
30.5%

CELSIA: Future Returns Will Depend On Stable Margins And Dividend Visibility

Analysts have kept their fair value estimate for CELSIA E.S.P. steady at COP 5,750, with only marginal adjustments to inputs such as discount rate, revenue growth, profit margin, and future P/E, which together guide this unchanged price target. What's in the News CELSIA S.A. E.S.P. declared a quarterly dividend of COP 88.0000 per share, scheduled to be paid on January 28, 2027, with an ex-dividend date of January 22, 2027, and a record date of January 21, 2027 (Key Developments).
GEB
Col$2,955.00
Grupo Energía Bogotá E.S.P
7D
0.5%
1Y
3.7%

GEB: Maintained Fair Value And Higher P/E Will Support Further Upside

Analysts have maintained the COP 3,900 price target for Grupo Energía Bogotá E.S.P. They cite updated views on the discount rate, revenue growth, profit margin and future P/E assumptions as the key drivers behind their revised valuation framework. Valuation Changes Fair Value: COP 3,900 remains unchanged, with analysts keeping the same target level in their updated framework.
ISA
Col$27,300.00
Interconexión Eléctrica E.S.P
7D
-5.9%
1Y
42.9%

ISA: Adjusted Assumptions And Lower P/E Will Likely Keep Shares Fairly Valued

Analysts have kept their COP 26,750 price target for Interconexión Eléctrica E.S.P. broadly stable, with slight adjustments to underlying assumptions on discount rate, revenue growth, profit margin, and future P/E to reflect updated views on the company’s risk profile and earnings potential. Valuation Changes Fair Value: COP 26,750 remains unchanged, with the updated estimate in line with the previous narrative figure.
PROMIGAS
Col$6,850.00
Promigas E.S.P
7D
0.7%
1Y
2.2%

Promigas E.S.P looks to a promising future with 35% revenue growth

Intrinsic Valuation Analysis: Promigas S.A. and the Strategic Consolidation of Zelestra LATAM The recent structural transformation of Promigas, underscored by the acquisition and consolidation of the Zelestra platform, represents a paradigm shift in shareholder value creation. From a technical perspective, the company has evolved from a pure-play gas transport utility into a diversified energy conglomerate.