Enlight Renewable Energy Ltd Just Missed Earnings - But Analysts Have Updated Their Models
Mar 18
Israeli (TA) Renewable Energy Industry Analysis
UpdatedMar 25, 2023
DataAggregated Company Financials
Companies12
- 7D1.9%
- 3M-9.8%
- 1Y-30.0%
- YTD-10.0%
Over the last 7 days, the Renewable Energy industry has dropped 1.9%, driven by a pullback from Enlight Renewable Energy of 5.4%. In contrast, Meshek Energy - Renewable Energies has gained 5.9%. However, the industry is down 32% over the past year. Looking forward, earnings are forecast to grow by 57% 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 |
|---|---|---|---|---|---|---|
| Sun, 26 Mar 2023 | ₪33.8b | ₪6.0b | ₪5.8b | 34.9x | 5.8x | 5.7x |
| Tue, 21 Feb 2023 | ₪35.1b | ₪5.6b | ₪5.6b | 76.6x | 6.2x | 6.2x |
| Thu, 19 Jan 2023 | ₪37.8b | ₪5.5b | ₪5.3b | 89x | 7.1x | 6.8x |
| Sat, 17 Dec 2022 | ₪35.0b | ₪5.5b | ₪5.4b | 92.1x | 6.5x | 6.3x |
| Mon, 14 Nov 2022 | ₪38.2b | ₪5.1b | ₪4.9b | 198.7x | 7.8x | 7.5x |
| Wed, 12 Oct 2022 | ₪38.0b | ₪5.1b | ₪5.1b | 216.2x | 7.4x | 7.4x |
| Fri, 09 Sep 2022 | ₪43.8b | ₪5.1b | ₪4.7b | 59.4x | 9.3x | 8.7x |
| Sun, 07 Aug 2022 | ₪37.5b | ₪4.8b | ₪4.5b | 51.6x | 8.3x | 7.9x |
| Tue, 05 Jul 2022 | ₪35.4b | ₪4.8b | ₪4.7b | 48.1x | 7.5x | 7.3x |
| Thu, 02 Jun 2022 | ₪35.3b | ₪4.6b | ₪3.0b | 49.7x | 11.9x | 7.7x |
| Sat, 30 Apr 2022 | ₪39.0b | ₪4.4b | ₪2.8b | 75x | 13.7x | 8.8x |
| Mon, 28 Mar 2022 | ₪42.4b | ₪4.1b | ₪1.8b | 110.5x | 24.2x | 10.3x |
| Wed, 23 Feb 2022 | ₪37.7b | ₪4.1b | ₪1.8b | 112.4x | 21.1x | 9.2x |
| Fri, 21 Jan 2022 | ₪36.5b | ₪4.0b | ₪1.7b | 112.4x | 21x | 9x |
| Sun, 19 Dec 2021 | ₪37.0b | ₪3.9b | ₪1.8b | 135.6x | 21x | 9.4x |
| Tue, 16 Nov 2021 | ₪37.6b | ₪3.8b | ₪1.2b | 117x | 31.3x | 9.9x |
| Thu, 14 Oct 2021 | ₪35.5b | ₪3.9b | ₪1.3b | 118.7x | 27.8x | 9.2x |
| Sat, 11 Sep 2021 | ₪33.2b | ₪3.9b | ₪1.3b | 111.2x | 25.9x | 8.6x |
| Mon, 09 Aug 2021 | ₪31.8b | ₪3.8b | ₪1.3b | 116.4x | 24.7x | 8.4x |
| Sun, 02 May 2021 | ₪31.8b | ₪3.7b | ₪1.8b | 77.1x | 18x | 8.7x |
| Wed, 03 Feb 2021 | ₪30.2b | ₪3.4b | ₪1.2b | 53.2x | 24.8x | 8.8x |
| Sat, 07 Nov 2020 | ₪27.3b | ₪3.2b | ₪1.2b | 134x | 21.9x | 8.5x |
| Fri, 31 Jul 2020 | ₪22.4b | ₪3.1b | ₪1.1b | 65.2x | 21x | 7.3x |
| Mon, 04 May 2020 | ₪16.8b | ₪3.1b | ₪73.7m | 81.5x | 228.2x | 5.4x |
Price to Earnings Ratio
189.6x
Current Industry PE
- Investors are pessimistic on the Israeli Renewable Energy industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 5.6x which is lower than its 3-year average PE of 35.1x.
- The 3-year average PS ratio of 8.0x is higher than the industry's current PS ratio of 5.5x.
Past Earnings Growth
- The earnings for companies in the Renewable Energy industry have grown 331% per year over the last three years.
- Revenues for these companies have grown 24% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Israeli Utilities industry?
| IL Market | 3.86% | |
| Utilities | 1.88% | |
| Renewable Energy | 1.89% | |
| Renewable Energy | 3.08% | |
| Independent Power Producers and Energy Traders | -0.33% | |
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 57.2%, which is lower than the prior year's growth of 155.2% per year.
- Investors are most pessimistic about the Independent Power Producers and Energy Traders industry, which is trading below its 3-year average of 22.8x.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 57% over the next 5 years.
- However this is lower than its past earnings growth rate of 155% per year.
- In contrast, the Renewable Energy industry is expected to see its earnings grow by 57% 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 | |
|---|---|---|---|---|---|
| ENRG Energix - Renewable Energies | ₪11.00 | 8.9% +₪493.0m | -13.7% | PE25.5x | |
| KEN Kenon Holdings | ₪106.10 | 5.7% +₪307.1m | -50.1% | PE1x | |
| ENLT Enlight Renewable Energy | ₪62.50 | 3.7% +₪261.1m | -20.0% | PE82.9x | |
| DORL Doral Group Renewable Energy Resources | ₪7.75 | 7.6% +₪177.9m | -47.8% | PE558.5x | |
| OPCE OPC Energy | ₪28.81 | 2.5% +₪143.6m | -23.5% | PE34.9x |
