Earnings Working Against RWE Aktiengesellschaft's (ETR:RWE) Share Price
Jun 08
German (DAX) Renewable Energy Industry Analysis
UpdatedJun 16, 2024
DataAggregated Company Financials
Companies8
- 7D-2.7%
- 3M-0.5%
- 1Y-37.0%
- YTD-17.5%
Over the last 7 days, the Renewable Energy industry has dropped 2.7%, driven by a pullback from RWE of 3.0%. The industry has fallen 37% in the last year. As for the next few years, earnings are expected to grow by 17% per annum.
Industry Valuation and Performance
Has the German Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 17 Jun 2024 | €49.0b | €124.5b | €1.9b | 24.1x | 26x | 0.4x |
| Wed, 15 May 2024 | €52.0b | €127.4b | €1.6b | 24.9x | 33x | 0.4x |
| Fri, 12 Apr 2024 | €48.7b | €143.6b | €7.8b | 19.8x | 6.2x | 0.3x |
| Sun, 10 Mar 2024 | €50.1b | €141.1b | €10.8b | 16.7x | 4.6x | 0.4x |
| Tue, 06 Feb 2024 | €51.9b | €170.4b | €39.9b | 16.9x | 1.3x | 0.3x |
| Thu, 04 Jan 2024 | €57.5b | €170.4b | €39.9b | 16x | 1.4x | 0.3x |
| Sat, 02 Dec 2023 | €64.2b | €170.4b | €39.9b | 16.6x | 1.6x | 0.4x |
| Mon, 30 Oct 2023 | €65.5b | €247.8b | €9.7b | 16.2x | 6.7x | 0.3x |
| Wed, 27 Sep 2023 | €73.0b | €247.8b | €9.7b | 14.4x | 7.5x | 0.3x |
| Fri, 25 Aug 2023 | €83.4b | €247.8b | €9.7b | 12.6x | 8.6x | 0.3x |
| Sun, 23 Jul 2023 | €75.3b | €280.6b | -€2,617,261,077.00 | 17.8x | -28.8x | 0.3x |
| Tue, 20 Jun 2023 | €79.2b | €280.6b | -€2,617,261,077.00 | 19.3x | -30.3x | 0.3x |
| Thu, 18 May 2023 | €67.1b | €280.6b | -€2,620,567,077.00 | 29.6x | -25.6x | 0.2x |
| Sat, 15 Apr 2023 | €66.9b | €313.4b | -€11,293,205,077.00 | 27.8x | -5.9x | 0.2x |
| Mon, 13 Mar 2023 | €30.4b | €275.0b | -€14,023,417,077.00 | 39.2x | -2.2x | 0.1x |
| Wed, 08 Feb 2023 | €4.4b | €739.8m | €131.6m | 47x | 33.8x | 6x |
| Fri, 06 Jan 2023 | €4.2b | €739.8m | €131.6m | 39.2x | 31.5x | 5.6x |
| Sun, 04 Dec 2022 | €4.3b | €739.8m | €131.6m | 34.6x | 33x | 5.9x |
| Tue, 01 Nov 2022 | €30.5b | €33.0b | €1.5b | 31.3x | 20.5x | 0.9x |
| Thu, 29 Sep 2022 | €30.3b | €33.0b | €1.5b | 27.9x | 20.4x | 0.9x |
| Sat, 27 Aug 2022 | €32.8b | €33.0b | €1.5b | 41.7x | 22.2x | 1x |
| Mon, 25 Jul 2022 | €32.5b | €240.1b | -€5,986,471,219.00 | 37.9x | -5.4x | 0.1x |
| Wed, 22 Jun 2022 | €37.1b | €240.1b | -€5,990,995,805.00 | 34.1x | -6.2x | 0.2x |
| Fri, 20 May 2022 | €42.0b | €240.1b | -€5,990,995,805.00 | 34.9x | -7x | 0.2x |
| Sun, 17 Apr 2022 | €13.0b | €164.6b | -€4,075,413,805.00 | 43.4x | -3.2x | 0.08x |
| Tue, 15 Mar 2022 | €11.8b | €164.6b | -€4,114,040,805.00 | 64.2x | -2.9x | 0.07x |
| Thu, 10 Feb 2022 | €17.8b | €99.3b | -€4,764,040,805.00 | 50.9x | -3.7x | 0.2x |
| Sat, 08 Jan 2022 | €18.2b | €99.3b | -€4,764,040,805.00 | 54.2x | -3.8x | 0.2x |
| Mon, 06 Dec 2021 | €17.8b | €99.3b | -€4,764,040,805.00 | 58.8x | -3.7x | 0.2x |
| Wed, 03 Nov 2021 | €18.3b | €73.1b | -€263,460,805.00 | 68x | -69.4x | 0.3x |
| Fri, 01 Oct 2021 | €16.5b | €73.1b | -€263,460,805.00 | 59.9x | -62.6x | 0.2x |
| Sun, 29 Aug 2021 | €15.6b | €73.1b | -€263,186,654.00 | 52.9x | -59.1x | 0.2x |
| Mon, 05 Jul 2021 | €14.5b | €73.1b | -€263,186,654.00 | 51.6x | -55.2x | 0.2x |
Price to Earnings Ratio
-55.2x
Current Industry PE
- Investors are pessimistic on the German 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 26.0x which is higher than its 3-year average PE of -4.4x.
- The industry is trading close to its 3-year average PS ratio of 0.82x.
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 19% 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 German Utilities industry?
| DE Market | -3.08% | |
| Utilities | -0.54% | |
| Renewable Energy | -2.66% | |
| Renewable Energy | -0.34% | |
| Independent Power Producers and Energy Traders | -2.82% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 47.1x.
- Analysts are expecting annual earnings growth of 20.7%, which is higher than its past year's earnings decline of 57.1% 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 21% over the next 5 years.
- This is better than its past earnings decline of 57% per year.
- In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings grow by 17% 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 | |
|---|---|---|---|---|---|
| TION Tion Renewables | €31.40 | 3.3% +€4.7m | 9.8% | PS4.4x | |
| ABO clearvise | €2.14 | 1.4% +€2.3m | -10.5% | PE23.6x | |
| XX1 Abo Kraft & Wärme | €1.21 | 5.2% +€1.5m | n/a | n/a |