Do Econergy Renewable Energy's (TLV:ECNR) Earnings Warrant Your Attention?
Nov 10
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Israeli (TA) Renewable Energy Industry Analysis
UpdatedNov 19, 2024
DataAggregated Company Financials
Companies12
- 7D1.8%
- 3M6.0%
- 1Y18.7%
- YTD-1.8%
The Renewable Energy industry is up 3.0% in the last week, with Enlight Renewable Energy up 6.9%. This takes the industry's 12 month performance to a gain of 22%. Looking forward, earnings are forecast to grow by 23% annually.
Industry Valuation and Performance
Has the Israeli Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 19 Nov 2024 | ₪37.2b | ₪8.8b | ₪310.8m | 29.7x | 119.8x | 4.2x |
| Thu, 17 Oct 2024 | ₪36.6b | ₪8.6b | ₪346.4m | 32.2x | 105.6x | 4.3x |
| Sat, 14 Sep 2024 | ₪36.6b | ₪8.5b | ₪347.8m | 32.9x | 105.1x | 4.3x |
| Mon, 12 Aug 2024 | ₪35.8b | ₪8.5b | -₪66,915,909.42 | 34.4x | -534.7x | 4.2x |
| Wed, 10 Jul 2024 | ₪34.2b | ₪8.1b | -₪89,967,693.77 | 29.3x | -380x | 4.2x |
| Fri, 07 Jun 2024 | ₪35.5b | ₪8.0b | -₪233,544,522.01 | 47x | -152.1x | 4.5x |
| Sun, 05 May 2024 | ₪35.8b | ₪7.6b | -₪92,209,785.69 | 32.8x | -388.8x | 4.7x |
| Tue, 02 Apr 2024 | ₪35.4b | ₪7.5b | -₪43,884,471.45 | 35.4x | -807.5x | 4.7x |
| Thu, 29 Feb 2024 | ₪33.8b | ₪7.5b | -₪2,719,640,286.83 | 27.9x | -12.4x | 4.5x |
| Sat, 27 Jan 2024 | ₪35.3b | ₪7.8b | -₪3,089,407,764.00 | 30.9x | -11.4x | 4.5x |
| Mon, 25 Dec 2023 | ₪35.2b | ₪7.7b | -₪3,057,909,268.00 | 29.6x | -11.5x | 4.6x |
| Wed, 22 Nov 2023 | ₪30.5b | ₪7.5b | -₪1,666,573,427.00 | 24.2x | -18.3x | 4.1x |
| Fri, 20 Oct 2023 | ₪29.1b | ₪7.5b | -₪1,840,680,526.00 | 21.9x | -15.8x | 3.9x |
| Sun, 17 Sep 2023 | ₪32.1b | ₪7.0b | -₪2,034,657,634.00 | 29.4x | -15.8x | 4.6x |
| Tue, 15 Aug 2023 | ₪32.0b | ₪6.6b | -₪699,626,335.00 | 32.1x | -45.7x | 4.8x |
| Thu, 13 Jul 2023 | ₪31.8b | ₪6.3b | -₪724,312,818.00 | 32.1x | -43.9x | 5x |
| Sat, 10 Jun 2023 | ₪32.7b | ₪6.2b | ₪322.5m | 23.3x | 101.3x | 5.2x |
| Mon, 08 May 2023 | ₪32.2b | ₪6.0b | ₪2.5b | 25.8x | 12.8x | 5.4x |
| Wed, 05 Apr 2023 | ₪33.6b | ₪6.0b | ₪1.6b | 34.3x | 20.8x | 5.6x |
| Fri, 03 Mar 2023 | ₪31.6b | ₪5.8b | ₪5.9b | 67.6x | 5.4x | 5.4x |
| Sun, 29 Jan 2023 | ₪35.3b | ₪5.6b | ₪5.4b | 83x | 6.5x | 6.3x |
| Tue, 27 Dec 2022 | ₪34.4b | ₪5.6b | ₪5.5b | 88.8x | 6.3x | 6.2x |
| Thu, 24 Nov 2022 | ₪37.0b | ₪5.1b | ₪5.0b | 182.1x | 7.5x | 7.2x |
| Sat, 22 Oct 2022 | ₪38.1b | ₪5.1b | ₪5.1b | 204.7x | 7.5x | 7.4x |
| Mon, 19 Sep 2022 | ₪40.8b | ₪5.1b | ₪4.6b | 64.2x | 8.9x | 8.1x |
| Wed, 17 Aug 2022 | ₪44.1b | ₪4.8b | ₪4.5b | 52x | 9.9x | 9.1x |
| Fri, 15 Jul 2022 | ₪35.4b | ₪4.8b | ₪4.7b | 47.2x | 7.5x | 7.3x |
| Sun, 12 Jun 2022 | ₪36.0b | ₪4.8b | ₪4.6b | 52x | 7.9x | 7.5x |
| Tue, 10 May 2022 | ₪35.9b | ₪4.5b | ₪2.9b | 68.1x | 12.2x | 8x |
| Thu, 07 Apr 2022 | ₪39.9b | ₪4.3b | ₪2.6b | 59.2x | 15.3x | 9.2x |
| Sat, 05 Mar 2022 | ₪39.7b | ₪4.1b | ₪1.8b | 117.9x | 22.1x | 9.6x |
| Mon, 31 Jan 2022 | ₪37.7b | ₪4.1b | ₪1.8b | 114.3x | 21.3x | 9.2x |
| Wed, 29 Dec 2021 | ₪36.9b | ₪3.9b | ₪1.7b | 138.7x | 21.2x | 9.4x |
| Fri, 26 Nov 2021 | ₪38.4b | ₪3.8b | ₪1.2b | 115.9x | 31.1x | 10x |
Price to Earnings Ratio
31.1x
Current Industry PE
- Investors are optimistic on the Israeli Renewable Energy industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 122x which is higher than its 3-year average PE of -21.0x.
- The 3-year average PS ratio of 6.1x is higher than the industry's current PS ratio of 4.3x.
Past Earnings Growth
- The earnings for companies in the Renewable Energy industry have declined 37% per year over the last three years.
- Meanwhile revenues for these companies have grown 32% 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 decreased profits.
Industry Trends
Which industries have driven the changes within the Israeli Utilities industry?
| IL Market | 1.92% | |
| Utilities | 1.77% | |
| Renewable Energy | 1.77% | |
| Renewable Energy | 2.88% | |
| Independent Power Producers and Energy Traders | -0.11% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 23.2%, which is higher than its past year's earnings decline of 32.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 23% over the next 5 years.
- This is better than its past earnings decline of 32% per year.
- In contrast, the Renewable Energy industry is expected to see its earnings grow by 23% 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 | |
|---|---|---|---|---|---|
| ENLT Enlight Renewable Energy | ₪60.91 | 8.1% +₪540.2m | 6.5% | PE39.6x | |
| ZPRS Zephyrus Wing Energies | ₪13.32 | 16.3% +₪121.6m | -18.4% | PE6.8x | |
| SOLR Solaer Renewable Energies | ₪34.97 | 16.2% +₪80.1m | 10.5% | PS12x | |
| ECNR Econergy Renewable Energy | ₪24.58 | 7.1% +₪74.0m | 146.9% | PE14x | |
| NOFR O.Y. Nofar Energy | ₪88.38 | 1.7% +₪51.9m | 8.0% | PS9.6x |
