Is Electricité de France (EPA:EDF) Using Too Much Debt?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Has the French Utilities Sector valuation changed over the past few years?
|Tue, 30 Nov 2021||€111.6b||€184.9b||€7.2b||29.1x|
|Thu, 28 Oct 2021||€114.8b||€184.5b||€7.1b||31.2x|
|Sat, 25 Sep 2021||€101.8b||€184.4b||€7.1b||25.3x|
|Mon, 23 Aug 2021||€106.7b||€184.4b||€7.0b||29.9x|
|Sat, 10 Jul 2021||€104.0b||€184.4b||€7.0b||26.6x|
|Fri, 02 Apr 2021||€100.9b||€178.6b||€2.7b||32.1x|
|Mon, 04 Jan 2021||€105.7b||€173.8b||-€1,297,048,653.00||71x|
|Thu, 08 Oct 2020||€87.2b||€175.8b||-€196,853,821.00||29.4x|
|Wed, 01 Jul 2020||€80.5b||€177.1b||€465.1m||31.5x|
|Sat, 04 Apr 2020||€70.8b||€180.7b||€4.0b||21.3x|
|Tue, 07 Jan 2020||€98.1b||€183.6b||€7.3b||27.6x|
|Mon, 30 Sep 2019||€99.1b||€180.4b||€5.5b||26.6x|
|Thu, 04 Jul 2019||€94.3b||€177.8b||€4.1b||20.8x|
|Sun, 07 Apr 2019||€95.3b||€176.3b||€2.8b||25.8x|
|Wed, 09 Jan 2019||€96.3b||€174.9b||€1.7b||24.5x|
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 31.4x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Utilities industry have grown 31% per year over the last three years, and revenues for these companies have grown 2.0% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Which industries have driven the changes within the French Utilities sector?
Industry PE: Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 102x. This is likely because analysts are expecting annual earnings growth of 33%, which is higher than its past year's earnings growth of 8.0% per year. Meanwhile, investors are most pessimistic about the Gas Utilities industry, which is trading below its 3-year average of 20.2x.
Forecasted Growth: Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 33% over the next 5 years. This is better than it's past earnings growth rate of 8.0% per year. Meanwhile, the Electric Utilities industry is expected to see its earnings grow by 5.0% per year over the next few years.
Electricité de France
Électricite de Strasbourg Société Anonyme
Hydrogène de France Société anonyme