U.K. (FTSE) Utilities Sector Analysis

Sector Valuation and Performance

Has the U.K. Utilities Sector valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Tue, 04 Aug 2026	UK£119.8b	UK£62.2b	UK£6.4b	17.7x	18.8x	1.9x
Thu, 02 Jul 2026	UK£120.8b	UK£62.3b	UK£5.6b	17.5x	21.5x	1.9x
Sat, 30 May 2026	UK£121.3b	UK£62.1b	UK£5.5b	17.7x	21.9x	2x
Mon, 27 Apr 2026	UK£131.1b	UK£61.6b	UK£4.7b	22.8x	28x	2.1x
Wed, 25 Mar 2026	UK£124.7b	UK£61.6b	UK£4.7b	21.3x	26.6x	2x
Fri, 20 Feb 2026	UK£131.8b	UK£61.8b	UK£4.8b	22.7x	27.2x	2.1x
Sun, 18 Jan 2026	UK£120.1b	UK£61.8b	UK£4.8b	20.8x	24.8x	1.9x
Tue, 16 Dec 2025	UK£112.2b	UK£62.0b	UK£4.8b	18.2x	23.1x	1.8x
Thu, 13 Nov 2025	UK£115.1b	UK£61.2b	UK£4.8b	17.9x	24.1x	1.9x
Sat, 11 Oct 2025	UK£105.4b	UK£62.1b	UK£4.7b	16.8x	22.2x	1.7x
Mon, 08 Sep 2025	UK£98.5b	UK£62.1b	UK£4.7b	18.2x	20.8x	1.6x
Wed, 06 Aug 2025	UK£104.7b	UK£62.1b	UK£4.7b	17.2x	22.1x	1.7x
Fri, 04 Jul 2025	UK£101.7b	UK£63.0b	UK£6.4b	14.6x	15.8x	1.6x
Sun, 01 Jun 2025	UK£101.2b	UK£63.0b	UK£6.4b	14.2x	15.7x	1.6x
Tue, 29 Apr 2025	UK£100.2b	UK£63.8b	UK£5.9b	10.3x	17x	1.6x
Thu, 27 Mar 2025	UK£91.7b	UK£64.0b	UK£5.9b	10.2x	15.6x	1.4x
Sat, 22 Feb 2025	UK£89.8b	UK£65.1b	UK£6.0b	10.1x	14.9x	1.4x
Mon, 20 Jan 2025	UK£91.5b	UK£65.7b	UK£5.8b	10.3x	15.8x	1.4x
Wed, 18 Dec 2024	UK£90.9b	UK£65.7b	UK£5.8b	10.7x	15.7x	1.4x
Fri, 15 Nov 2024	UK£93.9b	UK£65.6b	UK£5.8b	10.8x	16.3x	1.4x
Sun, 13 Oct 2024	UK£95.6b	UK£66.5b	UK£6.1b	11.8x	15.8x	1.4x
Tue, 10 Sep 2024	UK£100.3b	UK£66.4b	UK£6.1b	12.7x	16.6x	1.5x
Thu, 08 Aug 2024	UK£95.1b	UK£66.4b	UK£6.1b	12.2x	15.7x	1.4x
Sat, 06 Jul 2024	UK£92.5b	UK£73.1b	UK£8.8b	13.1x	10.5x	1.3x
Mon, 03 Jun 2024	UK£79.2b	UK£73.8b	UK£8.6b	12x	9.2x	1.1x
Wed, 01 May 2024	UK£84.2b	UK£75.7b	UK£7.8b	13.7x	10.8x	1.1x
Fri, 29 Mar 2024	UK£84.3b	UK£75.7b	UK£7.8b	13.6x	10.8x	1.1x
Sun, 25 Feb 2024	UK£82.3b	UK£75.8b	UK£7.4b	13.8x	11.1x	1.1x
Tue, 23 Jan 2024	UK£86.9b	UK£81.4b	UK£7.8b	12x	11.1x	1.1x
Thu, 21 Dec 2023	UK£89.9b	UK£81.4b	UK£7.8b	11.8x	11.5x	1.1x
Sat, 18 Nov 2023	UK£87.9b	UK£80.9b	UK£7.9b	13.4x	11.2x	1.1x
Mon, 16 Oct 2023	UK£82.7b	UK£82.7b	UK£7.5b	13x	11x	1x
Wed, 13 Sep 2023	UK£83.1b	UK£82.5b	UK£7.5b	13.1x	11.1x	1x
Fri, 11 Aug 2023	UK£82.4b	UK£82.5b	UK£7.5b	13.1x	11x	1x

Current Industry PE

Investors are optimistic on the British Utilities industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 18.8x which is higher than its 3-year average PE of 17.0x.

The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 1.9x.

Past Earnings Growth

The earnings for companies in the Utilities industry have declined 5.3% per year over the last three years,
Revenues have also declined 9.0% 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. Utilities sector?


GB Market	0.027%
Utilities	-1.36%
Electric Utilities	0.17%
Gas Utilities	0%	0
Water Utilities	-0.24%
Other Utilities	-2.23%
Renewable Energy	-4.08%

Industry PE

Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 9.8x.

Analysts are expecting annual earnings growth of 31.1%, which is higher than its past year's earnings decline of 44.1% per year.

Investors are most pessimistic about the Other Utilities industry, which is trading close to its 3-year average of 16.3x.

Forecasted Growth

Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 31% over the next 5 years.
This is better than its past earnings decline of 44% per year.

In contrast, the Other Utilities industry is expected to see its earnings grow by 10% per year over the next few years.

Company	Last Price	7D	1Y	Valuation
UU. United Utilities Group	UK£13.97	0.9% +UK£89.1m	20.8%	PE17.7x
SSE SSE	UK£23.56	0.2% +UK£48.3m	27.0%	PE23.5x
TEP Telecom Plus	UK£8.65	0.7% +UK£4.7m	-53.8%	PE8.4x

Company

Last Price

Valuation

UU. United Utilities Group

UK£13.97

0.9%
+UK£89.1m

20.8%

PE17.7x

SSE SSE

UK£23.56

0.2%
+UK£48.3m

27.0%

PE23.5x

TEP Telecom Plus

UK£8.65

0.7%
+UK£4.7m

-53.8%

PE8.4x

Cindrigo Holdings Limited Announces the Completion of the Subsurface Analysis and Reservoir Modelling for the Eich Hamm Geothermal License Area

Cindrigo Holdings Limited announced the completion of the subsurface analysis and reservoir modelling for the Eich Hamm geothermal license area in Germany completed by GeoDa Consulting d.o.o., assessing the potential for heat and electricity generation and lithium extraction. Eich is the first of three German geothermal licenses that are being developed in the well-established Upper Rhine Valley through the project entity, ZGG GmbH. Results of initial Monte Carlo simulation indicate an estimated exploitable energy potential of 157.8 megawatts ("MW"), representing a 50% increase on the estimate previously communicated, together with potential production of 7,230 tonnes per annum ("tpa") of lithium carbonate equivalent ("LCE"). Full development of Eich is currently envisaged through three geothermal well doublets. A subsurface analysis study for Eich was conducted by GeoDa Consulting d.o.o. Increase of 50% in estimated exploitable energy potential to 157.8 MW on Eich license. Subsurface analysis and reservoir modelling of the Eich licence area were completed by GeoDa Consulting d.o.o. as part of the Eich Hamm Report and indicate an exploitable energy potential of 157.8 MW, which is a 50% greater energy potential estimate than previously communicated by the Company. Initial Monte Carlo simulation of reservoir potential estimates a mean resource potential across the three planned wells of 137.0 MWth heat, 20.8 MWe electricity and additional potential to produce 7,230 tpa ofLCE. Exploitation plan envisages three production wells on the Eich license area: Results from the subsurface analysis support the exploitation of Eich's energy and lithium potential through the development of three geothermal well doublets targeting the Rotliegend formation. Production will be from the three wells EichGT-1, EichGT-3, and EichGT-5 with reinjection of residual fluids through EichGT-2, EichGT-4, and EichGT-6. The Rotliegend Formation consists of deep, thick sandstones and volcanic rocks at depths of between 1,000m and 3,000m. It is regarded as a highly promising target for both deep hydrothermal energy extraction and the production of critical minerals like lithium from deep brines. Fluids extracted from these depths frequently exceed 100C to 150C, making them highly suitable for district heating and power generation. Germany provides one Europe's most supportive geothermal funding environments. There is significant federal support and funding available for the development of deep geothermal projects for municipal and industrial heat supply in Germany, which Cindrigo intends to utilise where appropriate. All three of Cindrigo's licences are approved eligible for BEW Module 1, which provides grants covering up to 50% of eligible pre-development costs prior to first drilling, subject to a maximum of €2 million per licence. BEW Module 1 is administered by the German Federal Office for Economic Affairs and Export Control ("BAFA") under the BEW programme (Bundesförderung für Effiziente Wärmenetze, or Federal Funding for Efficient Heat Networks). Alongside this, work is underway to apply for the support and future eligibility for each Unit of: Insurance against the risks associated with drilling through MunichRe, one of the world's leading reinsurance companies, and KfW Geothermal financing up to €25 million Support Loan through the German state development bank KfW, and BAFA BEW Module 2 funding, which may provide grants covering up to 40% of eligible drilling and production costs, up to a maximum of €100 million. Development of first Unit - Eich GT-1 & Eich GT-2 Initial modelling of EichGT-1 estimates potential for 40.3 MWth heat, 5.3 MWe electricity and 2,400 tpa LCE. The location for the production well at Eich GT-1, and reinjection at Eich GT-2 have been identified, with drilling currently targeted to commence in 2027 subject to financing. The production well is planned to drill to target Rotliegend formation (reservoir) at depths of 2,500-3,500m.

U.K. (FTSE) Utilities Sector Analysis

Sector Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

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Cindrigo Holdings Limited Announces the Completion of the Subsurface Analysis and Reservoir Modelling for the Eich Hamm Geothermal License Area