Is Ithaca Energy plc (LON:ITH) Trading At A 49% Discount?
May 21
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U.K. (FTSE) Oil and Gas Industry Analysis
UpdatedMay 21, 2025
DataAggregated Company Financials
Companies67
- 7D-2.4%
- 3M-11.7%
- 1Y-16.1%
- YTD-4.5%
Over the last 7 days, the Oil and Gas industry has dropped 2.4%, driven by pullbacks in BP and Shell of 4.5% and 1.4%, respectively. In contrast, Zenith Energy has gained 40%. However, the industry is down 16% over the past year. As for the next few years, earnings are expected to grow by 16% per annum.
Industry Valuation and Performance
Has the U.K. Oil and Gas Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 21 May 2025 | UK£218.6b | UK£361.2b | UK£9.4b | 9.3x | 23.3x | 0.6x |
| Fri, 18 Apr 2025 | UK£217.0b | UK£367.9b | UK£12.6b | 9.5x | 17.2x | 0.6x |
| Sun, 16 Mar 2025 | UK£243.0b | UK£377.5b | UK£13.1b | 9.2x | 18.6x | 0.6x |
| Tue, 11 Feb 2025 | UK£249.2b | UK£397.3b | UK£15.7b | 10.1x | 15.9x | 0.6x |
| Thu, 09 Jan 2025 | UK£240.2b | UK£408.1b | UK£15.3b | 8.5x | 15.7x | 0.6x |
| Sat, 07 Dec 2024 | UK£226.5b | UK£396.5b | UK£15.3b | 8.8x | 14.8x | 0.6x |
| Mon, 04 Nov 2024 | UK£233.6b | UK£391.2b | UK£15.1b | 8.4x | 15.5x | 0.6x |
| Wed, 02 Oct 2024 | UK£233.0b | UK£389.0b | UK£20.3b | 8.8x | 11.5x | 0.6x |
| Fri, 30 Aug 2024 | UK£252.8b | UK£392.5b | UK£20.3b | 11.9x | 12.4x | 0.6x |
| Sun, 28 Jul 2024 | UK£260.8b | UK£402.3b | UK£21.8b | 12.9x | 12x | 0.6x |
| Tue, 25 Jun 2024 | UK£266.7b | UK£408.5b | UK£22.1b | 10x | 12x | 0.7x |
| Thu, 23 May 2024 | UK£266.7b | UK£407.6b | UK£22.2b | 10.6x | 12x | 0.7x |
| Sat, 20 Apr 2024 | UK£277.4b | UK£434.7b | UK£28.8b | 7.2x | 9.6x | 0.6x |
| Mon, 18 Mar 2024 | UK£256.2b | UK£425.2b | UK£27.5b | 6.8x | 9.3x | 0.6x |
| Wed, 14 Feb 2024 | UK£252.0b | UK£431.1b | UK£27.0b | 6.2x | 9.3x | 0.6x |
| Fri, 12 Jan 2024 | UK£268.4b | UK£612.7b | UK£62.8b | 3.8x | 4.3x | 0.4x |
| Sun, 10 Dec 2023 | UK£275.7b | UK£620.4b | UK£63.6b | 4x | 4.3x | 0.4x |
| Tue, 07 Nov 2023 | UK£291.8b | UK£626.4b | UK£63.9b | 4.1x | 4.6x | 0.5x |
| Thu, 05 Oct 2023 | UK£293.4b | UK£652.7b | UK£58.8b | 4.5x | 5x | 0.4x |
| Sat, 02 Sep 2023 | UK£280.9b | UK£634.4b | UK£57.1b | 4.7x | 4.9x | 0.4x |
| Mon, 31 Jul 2023 | UK£282.0b | UK£640.2b | UK£63.8b | 4.7x | 4.4x | 0.4x |
| Wed, 28 Jun 2023 | UK£267.8b | UK£664.3b | UK£76.0b | 4.5x | 3.5x | 0.4x |
| Fri, 26 May 2023 | UK£280.8b | UK£679.8b | UK£78.1b | 4.8x | 3.6x | 0.4x |
| Sun, 23 Apr 2023 | UK£295.5b | UK£668.6b | UK£54.3b | 4.9x | 5.4x | 0.4x |
| Tue, 21 Mar 2023 | UK£274.8b | UK£675.3b | UK£55.8b | 4.3x | 4.9x | 0.4x |
| Thu, 16 Feb 2023 | UK£328.3b | UK£681.2b | UK£56.8b | 3.9x | 5.8x | 0.5x |
| Sat, 14 Jan 2023 | UK£312.3b | UK£647.1b | UK£50.7b | 4.6x | 6.2x | 0.5x |
| Mon, 12 Dec 2022 | UK£298.1b | UK£644.2b | UK£50.9b | 4.6x | 5.9x | 0.5x |
| Wed, 09 Nov 2022 | UK£322.4b | UK£676.0b | UK£51.6b | 4.6x | 6.3x | 0.5x |
| Fri, 07 Oct 2022 | UK£303.7b | UK£640.2b | UK£45.5b | 5.1x | 6.7x | 0.5x |
| Sun, 04 Sep 2022 | UK£307.2b | UK£625.3b | UK£44.3b | 6.5x | 6.9x | 0.5x |
| Tue, 02 Aug 2022 | UK£252.6b | UK£573.4b | UK£37.6b | 7.7x | 6.7x | 0.4x |
| Thu, 30 Jun 2022 | UK£257.3b | UK£569.9b | UK£28.6b | 8.9x | 9x | 0.5x |
| Sat, 28 May 2022 | UK£281.7b | UK£518.1b | UK£23.4b | 8.8x | 12x | 0.5x |
Price to Earnings Ratio
12x
Current Industry PE
- Investors are optimistic on the British Oil and Gas industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 23.3x which is higher than its 3-year average PE of 9.1x.
- The industry is trading close to its 3-year average PS ratio of 0.52x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas industry have declined 26% per year over the last three years,
- Revenues have also declined 11% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the U.K. Energy industry?
| GB Market | 2.11% | |
| Energy | -2.37% | |
| Oil and Gas | -2.38% | |
| Coal and Fuels | 0.33% | |
| Oil and Gas Refining and Marketing | -1.29% | |
| Integrated Oil and Gas | -2.29% | |
| Oil and Gas Exploration and Production | -4.12% | |
| Oil and Gas Storage and Transportation | -5.62% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Exploration and Production industry which is trading above its 3-year average PE ratio of 49.6x.
- Analysts are expecting annual earnings growth of 1.3%, which is higher than its past year's earnings decline of 33.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Coal and Fuels industry, expecting annual earnings growth of 45% over the next 5 years.
- This is better than its past earnings growth rate of 15% per year.
- In contrast, the Oil and Gas Exploration and Production 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 | |
|---|---|---|---|---|---|
| ZEN Zenith Energy | UK£0.12 | 40.4% +UK£16.5m | 515.4% | PS79.8x | |
| DEC Diversified Energy | UK£10.43 | 1.2% +UK£9.6m | -7.0% | PS1.5x | |
| AEX Aminex | UK£0.012 | 23.7% +UK£9.5m | -23.0% | PS1701.8x | |
| AET Afentra | UK£0.42 | 9.1% +UK£7.9m | -25.5% | PE2.4x | |
| ZPHR Zephyr Energy | UK£0.045 | 10.4% +UK£7.4m | -15.7% | PS4.5x |
