There Are Reasons To Feel Uneasy About Vestas Wind Systems' (CPH:VWS) Returns On Capital
Jul 13
Danish (OMX) Electrical Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies5
- 7D4.3%
- 3M-10.2%
- 1Y-6.5%
- YTD-17.6%
In the last week, the Electrical industry is up 4.3%, with Vestas Wind Systems up 5.1%. However, the industry is down 6.5% over the past year. As for the next few years, earnings are expected to grow by 35% per annum.
Industry Valuation and Performance
Has the Danish Electrical Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | DKK 195.7b | DKK 134.0b | DKK 465.0m | 33.5x | 420.8x | 1.5x |
| Sun, 23 Jun 2024 | DKK 212.6b | DKK 133.9b | DKK 464.6m | 33.6x | 457.6x | 1.6x |
| Tue, 21 May 2024 | DKK 226.3b | DKK 134.0b | DKK 464.2m | 33.3x | 487.6x | 1.7x |
| Thu, 18 Apr 2024 | DKK 210.7b | DKK 134.2b | DKK 948.9m | 174.1x | 222x | 1.6x |
| Sat, 16 Mar 2024 | DKK 221.6b | DKK 134.1b | DKK 995.6m | 184x | 222.6x | 1.7x |
| Mon, 12 Feb 2024 | DKK 220.6b | DKK 132.9b | DKK 853.9m | 188.2x | 258.3x | 1.7x |
| Wed, 10 Jan 2024 | DKK 234.2b | DKK 133.0b | -DKK 4,283,276,169.00 | 37x | -54.7x | 1.8x |
| Fri, 08 Dec 2023 | DKK 214.2b | DKK 132.9b | -DKK 4,283,214,118.00 | 35.9x | -50x | 1.6x |
| Sun, 05 Nov 2023 | DKK 182.6b | DKK 128.5b | -DKK 5,635,211,424.00 | 30.5x | -32.4x | 1.4x |
| Tue, 03 Oct 2023 | DKK 173.8b | DKK 128.4b | -DKK 5,633,224,970.00 | 31.3x | -30.9x | 1.4x |
| Thu, 31 Aug 2023 | DKK 183.1b | DKK 128.3b | -DKK 5,629,770,442.00 | 32.5x | -32.5x | 1.4x |
| Sat, 29 Jul 2023 | DKK 203.0b | DKK 127.0b | -DKK 5,752,574,280.00 | 42.9x | -35.3x | 1.6x |
| Mon, 26 Jun 2023 | DKK 198.9b | DKK 126.9b | -DKK 5,751,257,573.00 | 35.2x | -34.6x | 1.6x |
| Wed, 24 May 2023 | DKK 221.8b | DKK 127.0b | -DKK 5,754,476,476.00 | 32.8x | -38.5x | 1.7x |
| Fri, 21 Apr 2023 | DKK 205.3b | DKK 123.8b | -DKK 11,707,825,743.00 | 41.8x | -17.5x | 1.7x |
| Sun, 19 Mar 2023 | DKK 207.8b | DKK 123.6b | -DKK 11,667,022,449.00 | 40.9x | -17.8x | 1.7x |
| Tue, 14 Feb 2023 | DKK 234.1b | DKK 123.7b | -DKK 11,853,182,346.00 | 139.9x | -19.8x | 1.9x |
| Thu, 12 Jan 2023 | DKK 231.8b | DKK 121.9b | -DKK 7,533,139,170.00 | 126.6x | -30.8x | 1.9x |
| Sat, 10 Dec 2022 | DKK 222.9b | DKK 121.7b | -DKK 7,522,628,582.00 | 125.8x | -29.6x | 1.8x |
| Mon, 07 Nov 2022 | DKK 173.0b | DKK 121.8b | -DKK 7,652,150,192.00 | 1785.2x | -22.6x | 1.4x |
| Wed, 05 Oct 2022 | DKK 168.3b | DKK 133.6b | -DKK 5,939,483,889.00 | 1871x | -28.3x | 1.3x |
| Fri, 02 Sep 2022 | DKK 193.3b | DKK 133.7b | -DKK 5,946,536,012.00 | 1749.2x | -32.5x | 1.4x |
| Sun, 31 Jul 2022 | DKK 207.8b | DKK 135.1b | -DKK 4,393,985,959.00 | 232.9x | -47.3x | 1.5x |
| Tue, 28 Jun 2022 | DKK 184.0b | DKK 135.0b | -DKK 4,392,148,859.00 | 201.2x | -41.9x | 1.4x |
| Thu, 26 May 2022 | DKK 184.7b | DKK 135.0b | -DKK 4,390,705,738.00 | 206.5x | -42.1x | 1.4x |
| Sat, 23 Apr 2022 | DKK 210.5b | DKK 130.4b | DKK 696.1m | 156.9x | 302.4x | 1.6x |
| Mon, 21 Mar 2022 | DKK 224.9b | DKK 130.6b | DKK 711.0m | 93x | 316.4x | 1.7x |
| Wed, 16 Feb 2022 | DKK 190.2b | DKK 127.9b | DKK 4.7b | 25.1x | 40.8x | 1.5x |
| Fri, 14 Jan 2022 | DKK 204.8b | DKK 127.8b | DKK 4.7b | 26.3x | 44x | 1.6x |
| Sun, 12 Dec 2021 | DKK 222.3b | DKK 127.7b | DKK 4.7b | 29.1x | 47.8x | 1.7x |
| Tue, 09 Nov 2021 | DKK 242.0b | DKK 127.0b | DKK 4.6b | 27.6x | 52.8x | 1.9x |
| Thu, 07 Oct 2021 | DKK 248.6b | DKK 121.3b | DKK 5.8b | 24.1x | 42.9x | 2x |
| Sat, 04 Sep 2021 | DKK 282.9b | DKK 121.2b | DKK 5.8b | 26.4x | 48.9x | 2.3x |
| Mon, 02 Aug 2021 | DKK 254.5b | DKK 121.2b | DKK 5.8b | 23.9x | 44x | 2.1x |
Price to Earnings Ratio
44x
Current Industry PE
- Investors are optimistic on the Danish Electrical industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 421x which is higher than its 3-year average PE of 63.7x.
- The 3-year average PS ratio of 1.6x is higher than the industry's current PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the Electrical industry have declined 57% per year over the last three years.
- Meanwhile revenues for these companies have grown 3.4% 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, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Danish Industrials industry?
| DK Market | 0.34% | |
| Industrials | 1.67% | |
| Electrical | 4.26% | |
| Heavy Electrical Equipment | 5.06% | |
| Electrical Components | 0.25% | |
Industry PE
- Investors are most optimistic about the Electrical Components industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 17.9%, which is lower than the prior year's growth of 94.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Heavy Electrical Equipment industry, expecting annual earnings growth of 39% over the next 5 years.
- In contrast, the Electrical Components industry is expected to see its earnings grow by 18% 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 | |
|---|---|---|---|---|---|
| VWS Vestas Wind Systems | DKK 161.30 | 5.1% +DKK 8.0b | -12.8% | PS1.4x | |
| NKT NKT | DKK 586.00 | 0.3% +DKK 80.4m | 49.8% | PE33.5x |