Many Still Looking Away From Grenergy Renovables, S.A. (BME:GRE)
Jul 12
Spanish (IBEX) Renewable Energy Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies8
- 7D-2.3%
- 3M1.4%
- 1Y-27.4%
- YTD-26.9%
Over the last 7 days, the Renewable Energy industry has dropped 2.3%, driven by a pullback from Corporación Acciona Energías Renovables of 3.1%. However, the industry is down 27% over the past year. Earnings are forecast to grow by 1.4% annually.
Industry Valuation and Performance
Has the Spanish Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | €9.7b | €6.8b | €692.1m | 19.1x | 13.9x | 1.4x |
| Sun, 23 Jun 2024 | €10.2b | €6.8b | €692.1m | 18.3x | 14.7x | 1.5x |
| Tue, 21 May 2024 | €10.6b | €6.8b | €692.2m | 16.2x | 15.3x | 1.6x |
| Thu, 18 Apr 2024 | €10.7b | €7.2b | €727.4m | 17.6x | 14.7x | 1.5x |
| Sat, 16 Mar 2024 | €10.5b | €7.2b | €746.3m | 15.5x | 14.1x | 1.5x |
| Mon, 12 Feb 2024 | €11.5b | €7.6b | €1.0b | 15.8x | 11.3x | 1.5x |
| Wed, 10 Jan 2024 | €13.3b | €7.6b | €1.0b | 18x | 13.1x | 1.7x |
| Fri, 08 Dec 2023 | €14.2b | €7.8b | €1.0b | 18.5x | 14.1x | 1.8x |
| Sun, 05 Nov 2023 | €13.5b | €7.7b | €931.6m | 20.1x | 14.5x | 1.8x |
| Tue, 03 Oct 2023 | €12.3b | €7.7b | €934.3m | 19.6x | 13.2x | 1.6x |
| Thu, 31 Aug 2023 | €13.4b | €7.6b | €950.2m | 16.4x | 14.1x | 1.8x |
| Sat, 29 Jul 2023 | €14.1b | €8.1b | €934.2m | 17.5x | 15.1x | 1.7x |
| Mon, 26 Jun 2023 | €14.4b | €8.1b | €934.2m | 17.1x | 15.4x | 1.8x |
| Wed, 24 May 2023 | €14.9b | €8.1b | €935.9m | 19.1x | 15.9x | 1.8x |
| Fri, 21 Apr 2023 | €15.4b | €8.0b | €944.9m | 21.1x | 16.3x | 1.9x |
| Sun, 19 Mar 2023 | €15.8b | €7.9b | €942.4m | 19.2x | 16.8x | 2x |
| Tue, 14 Feb 2023 | €16.8b | €6.7b | €722.5m | 28.2x | 23.3x | 2.5x |
| Thu, 12 Jan 2023 | €16.6b | €6.7b | €722.5m | 29.7x | 22.9x | 2.5x |
| Sat, 10 Dec 2022 | €15.9b | €6.7b | €722.5m | 26.2x | 22.1x | 2.4x |
| Mon, 07 Nov 2022 | €17.0b | €6.7b | €706.5m | 27.9x | 24x | 2.5x |
| Wed, 05 Oct 2022 | €17.2b | €6.7b | €706.5m | 31.3x | 24.4x | 2.6x |
| Fri, 02 Sep 2022 | €18.6b | €6.4b | €676.3m | 54.3x | 27.5x | 2.9x |
| Sun, 31 Jul 2022 | €19.2b | €5.2b | €439.3m | 57.6x | 43.7x | 3.7x |
| Tue, 28 Jun 2022 | €16.5b | €5.2b | €439.3m | 54.6x | 37.6x | 3.2x |
| Thu, 26 May 2022 | €17.2b | €4.8b | €436.3m | 59.7x | 39.5x | 3.6x |
| Sat, 23 Apr 2022 | €15.9b | €4.8b | €436.3m | 55.1x | 36.4x | 3.3x |
| Mon, 21 Mar 2022 | €16.2b | €4.9b | €442.0m | 51.3x | 36.6x | 3.3x |
| Wed, 16 Feb 2022 | €13.2b | €4.0b | €352.5m | 46.8x | 37.4x | 3.3x |
| Fri, 14 Jan 2022 | €14.1b | €4.0b | €352.5m | 55x | 40.1x | 3.5x |
| Sun, 12 Dec 2021 | €14.6b | €4.0b | €352.5m | 56.4x | 41.5x | 3.6x |
| Tue, 09 Nov 2021 | €14.5b | €4.0b | €356.9m | 51.9x | 40.6x | 3.6x |
| Thu, 07 Oct 2021 | €13.4b | €4.0b | €356.9m | 44.9x | 37.6x | 3.4x |
| Sat, 04 Sep 2021 | €14.8b | €3.6b | €344.9m | 68.8x | 42.8x | 4.1x |
| Mon, 02 Aug 2021 | €14.3b | €3.6b | €344.9m | 65.5x | 41.3x | 4x |
Price to Earnings Ratio
41.3x
Current Industry PE
- Investors are pessimistic on the Spanish 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 13.9x which is lower than its 3-year average PE of 24.7x.
- The 3-year average PS ratio of 2.5x is higher than the industry's current PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Renewable Energy industry have grown 26% per year over the last three years.
- Revenues for these companies have grown 24% 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 Spanish Utilities industry?
| ES Market | -0.034% | |
| Utilities | 1.56% | |
| Renewable Energy | -2.26% | |
| Independent Power Producers and Energy Traders | 0% | |
| Renewable Energy | -2.26% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 24.3x.
- Analysts are expecting annual earnings growth of 1.4%, which is lower than the prior year's growth of 12.3% per year.
- Investors are most pessimistic about the Renewable Energy industry, which is trading below its 3-year average of 24.3x.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 1.4% over the next 5 years.
- However this is lower than its past earnings growth rate of 12% per year.
- In contrast, the Renewable Energy industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|
| GRE Grenergy Renovables | €35.00 | 2.2% +€22.1m | 28.6% | PE19.7x | |
| ADX Audax Renovables | €1.81 | 0.1% +€905.3k | 44.7% | PE19.1x | |
| ENRS Enerside Energy | €2.30 | 0.9% +€742.7k | -52.3% | PS4.3x |
