Here's Why Engie (EPA:ENGI) Is Weighed Down By Its Debt Load
Nov 03
French (CAC) Utilities Sector Analysis
UpdatedNov 30, 2023
DataAggregated Company Financials
Companies19
- 7D1.3%
- 3M1.6%
- 1Y17.5%
- YTD5.1%
Over the last 7 days, the Utilities industry has risen 1.3%, driven by gains in Engie and Veolia Environnement of 1.8% and 3.2%, respectively. This takes the industry's 12 month performance to a gain of 18%. Looking forward, earnings are forecast to grow by 34% annually.
Sector Valuation and Performance
Has the French Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 01 Dec 2023 | €116.9b | €297.0b | -€24,672,850,660.00 | 18.1x | -4.7x | 0.4x |
| Sun, 29 Oct 2023 | €111.5b | €297.0b | -€24,681,314,302.00 | 16.6x | -4.5x | 0.4x |
| Tue, 26 Sep 2023 | €114.7b | €297.0b | -€24,665,312,564.00 | 17.3x | -4.7x | 0.4x |
| Thu, 24 Aug 2023 | €114.3b | €296.9b | -€24,666,350,379.00 | 18.5x | -4.6x | 0.4x |
| Sat, 22 Jul 2023 | €117.8b | €290.5b | -€19,393,550,379.00 | 20.7x | -6.1x | 0.4x |
| Mon, 19 Jun 2023 | €114.8b | €290.5b | -€19,393,992,213.00 | 24.1x | -5.9x | 0.4x |
| Wed, 17 May 2023 | €114.9b | €290.2b | -€19,411,730,213.00 | 24.6x | -5.9x | 0.4x |
| Fri, 14 Apr 2023 | €113.8b | €290.3b | -€19,418,053,645.00 | 26.7x | -5.9x | 0.4x |
| Sun, 12 Mar 2023 | €110.1b | €289.0b | -€19,332,392,645.00 | 28.6x | -5.7x | 0.4x |
| Tue, 07 Feb 2023 | €107.5b | €230.8b | €1.9b | 30.7x | 57.5x | 0.5x |
| Thu, 05 Jan 2023 | €107.0b | €230.7b | €1.9b | 30.5x | 57.1x | 0.5x |
| Sat, 03 Dec 2022 | €108.0b | €230.8b | €1.9b | 37.5x | 57.7x | 0.5x |
| Mon, 31 Oct 2022 | €102.2b | €230.8b | €1.9b | 37.5x | 54.6x | 0.4x |
| Wed, 28 Sep 2022 | €97.1b | €230.7b | €1.9b | 32.1x | 52.4x | 0.4x |
| Fri, 26 Aug 2022 | €103.7b | €229.5b | €1.8b | 32.9x | 57.7x | 0.5x |
| Sun, 24 Jul 2022 | €99.5b | €177.8b | €8.9b | 26.8x | 11.2x | 0.6x |
| Tue, 21 Jun 2022 | €84.6b | €177.8b | €8.9b | 26.6x | 9.5x | 0.5x |
| Thu, 19 May 2022 | €90.6b | €177.8b | €8.9b | 29.3x | 10.2x | 0.5x |
| Sat, 16 Apr 2022 | €90.5b | €177.7b | €8.9b | 27.3x | 10.2x | 0.5x |
| Mon, 14 Mar 2022 | €97.9b | €194.4b | €9.6b | 22.3x | 10.2x | 0.5x |
| Wed, 09 Feb 2022 | €106.4b | €184.9b | €7.2b | 34.5x | 14.8x | 0.6x |
| Fri, 07 Jan 2022 | €110.4b | €184.9b | €7.2b | 32.5x | 15.3x | 0.6x |
| Sun, 05 Dec 2021 | €114.6b | €184.9b | €7.2b | 30.1x | 15.9x | 0.6x |
| Tue, 02 Nov 2021 | €114.0b | €184.5b | €7.1b | 33x | 16x | 0.6x |
| Thu, 30 Sep 2021 | €102.3b | €184.4b | €7.1b | 24.8x | 14.4x | 0.6x |
| Sat, 28 Aug 2021 | €105.9b | €184.4b | €7.0b | 29.8x | 15.1x | 0.6x |
| Sun, 04 Jul 2021 | €104.0b | €184.4b | €7.0b | 26.6x | 14.8x | 0.6x |
| Wed, 07 Apr 2021 | €100.9b | €178.6b | €2.7b | 32.1x | 37.2x | 0.6x |
| Sat, 09 Jan 2021 | €105.7b | €173.8b | -€1,297,048,653.00 | 71x | -81.5x | 0.6x |
Price to Earnings Ratio
-519.2x
Current Industry PE
- Investors are pessimistic on the French Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading close to its 3-year average PS ratio of 0.50x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have deteriorated over the last three years.
- Meanwhile revenues for these companies have grown 19% 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 caused losses to expand.
Industry Trends
Which industries have driven the changes within the French Utilities sector?
| FR Market | -0.44% | |
| Utilities | 1.30% | |
| Other Utilities | 2.30% | |
| Renewable Energy | 2.05% | |
| Gas Utilities | 0.45% | |
| Electric Utilities | 0.026% | |
| Water Utilities | -1.07% | |
Industry PE
- Investors are most optimistic about the Water Utilities industry which is trading above its 3-year average PE ratio of 25.8x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Other Utilities industry, expecting annual earnings growth of 37% over the next 5 years.
- However this is lower than its past earnings growth rate of 222% per year.
- In contrast, the Electric Utilities industry is expected to see its earnings decline by 52% 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 | |
|---|---|---|---|---|---|
| VIE Veolia Environnement | €28.91 | 3.0% +€599.2m | 17.0% | PE18.8x | |
| ENGI Engie | €15.92 | 1.3% +€479.3m | 9.9% | PS0.4x | |
| NEOEN Neoen | €28.02 | 5.1% +€206.7m | -28.2% | PE26.9x | |
| VLTSA Voltalia | €9.67 | 7.1% +€83.9m | -46.8% | PS2.7x | |
| ELEC Électricite de Strasbourg Société Anonyme | €99.60 | 1.6% +€11.5m | 0.6% | PE13x |
