Narrative Update • Jul 24
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- 7D3.3%
- 3M-4.4%
- 1Y66.3%
- YTD56.2%
All of the companies in the Energy Services industry have been up over the last week, with the industry up 3.3%. In the last 12 months, the industry was up 66%. Earnings are forecast to grow by 5.4% annually.
Industry Valuation and Performance
Has the Italian Energy Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 26 Jul 2026 | €35.3b | €27.0b | €2.1b | 26.6x | 17x | 1.3x |
| Tue, 23 Jun 2026 | €35.2b | €26.9b | €2.1b | 26.2x | 17x | 1.3x |
| Thu, 21 May 2026 | €35.9b | €26.7b | €2.0b | 26.6x | 17.6x | 1.3x |
| Sat, 18 Apr 2026 | €33.2b | €26.4b | €2.0b | 24.2x | 16.7x | 1.3x |
| Mon, 16 Mar 2026 | €30.9b | €26.7b | €2.0b | 21.3x | 15.2x | 1.2x |
| Wed, 11 Feb 2026 | €27.3b | €26.0b | €2.0b | 19.7x | 13.4x | 1x |
| Fri, 09 Jan 2026 | €23.3b | €26.2b | €2.1b | 15.4x | 11.3x | 0.9x |
| Sun, 07 Dec 2025 | €24.0b | €26.3b | €2.1b | 14.9x | 11.6x | 0.9x |
| Tue, 04 Nov 2025 | €24.0b | €26.4b | €2.1b | 13.8x | 11.5x | 0.9x |
| Thu, 02 Oct 2025 | €22.2b | €26.0b | €2.1b | 14.8x | 10.8x | 0.9x |
| Sat, 30 Aug 2025 | €21.4b | €26.0b | €2.1b | 14.3x | 10.4x | 0.8x |
| Mon, 28 Jul 2025 | €21.9b | €26.1b | €1.9b | 12.9x | 11.6x | 0.8x |
| Wed, 25 Jun 2025 | €21.3b | €25.9b | €1.9b | 12.7x | 11.1x | 0.8x |
| Fri, 23 May 2025 | €19.6b | €26.2b | €2.0b | 9.6x | 10x | 0.7x |
| Sun, 20 Apr 2025 | €19.4b | €26.1b | €2.1b | 8.7x | 9.1x | 0.7x |
| Tue, 18 Mar 2025 | €23.4b | €26.4b | €2.2b | 13.6x | 10.8x | 0.9x |
| Thu, 13 Feb 2025 | €25.1b | €26.6b | €2.9b | 14.7x | 8.8x | 0.9x |
| Sat, 11 Jan 2025 | €26.0b | €26.8b | €2.9b | 17.4x | 9x | 1x |
| Mon, 09 Dec 2024 | €24.9b | €26.4b | €2.8b | 15.9x | 8.8x | 0.9x |
| Wed, 06 Nov 2024 | €21.7b | €26.3b | €2.8b | 14.3x | 7.7x | 0.8x |
| Fri, 04 Oct 2024 | €20.3b | €25.5b | €2.8b | 14.6x | 7.4x | 0.8x |
| Sun, 01 Sep 2024 | €18.7b | €25.4b | €2.7b | 15.1x | 6.8x | 0.7x |
| Tue, 30 Jul 2024 | €20.7b | €26.4b | €3.5b | 16.7x | 5.9x | 0.8x |
| Thu, 27 Jun 2024 | €20.6b | €25.9b | €3.6b | 18.9x | 5.8x | 0.8x |
| Sat, 25 May 2024 | €22.6b | €25.7b | €3.5b | 19x | 6.5x | 0.9x |
| Mon, 22 Apr 2024 | €25.0b | €26.2b | €3.9b | 24.2x | 6.5x | 1x |
| Wed, 20 Mar 2024 | €25.0b | €25.9b | €3.8b | 18.4x | 6.6x | 1x |
| Fri, 16 Feb 2024 | €20.3b | €25.6b | €3.3b | 11.4x | 6.2x | 0.8x |
| Sun, 14 Jan 2024 | €20.2b | €25.4b | €3.2b | 11.9x | 6.3x | 0.8x |
| Tue, 12 Dec 2023 | €21.1b | €25.7b | €3.3b | 10.6x | 6.4x | 0.8x |
| Thu, 09 Nov 2023 | €21.5b | €25.7b | €3.3b | 10.1x | 6.5x | 0.8x |
| Sat, 07 Oct 2023 | €20.3b | €25.5b | €3.3b | 10x | 6.1x | 0.8x |
| Mon, 04 Sep 2023 | €20.7b | €25.2b | €3.3b | 18.6x | 6.4x | 0.8x |
| Wed, 02 Aug 2023 | €20.8b | €23.8b | €2.8b | 18.8x | 7.6x | 0.9x |
Price to Earnings Ratio
7.6x
Current Industry PE
- Investors are optimistic on the Italian Energy Services industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 17.0x which is higher than its 3-year average PE of 9.7x.
- The 3-year average PS ratio of 0.92x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Energy Services industry have declined 8.9% per year over the last three years.
- Meanwhile revenues for these companies have grown 4.3% 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 Italian Energy industry?
| IT Market | 0.24% | |
| Energy | 5.16% | |
| Energy Services | 3.33% | |
| Oil and Gas Services | 3.33% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Services industry which is trading above its 3-year average PE ratio of 9.7x.
- Analysts are expecting annual earnings growth of 5.4%, which is lower than the prior year's growth of 16.4% per year.
- Investors are most pessimistic about the Oil and Gas Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 9.7x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Services industry, expecting annual earnings growth of 5.4% over the next 5 years.
- However this is lower than its past earnings growth rate of 16% per year.
- In contrast, the Oil and Gas Services industry is expected to see its earnings grow by 5.4% 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 | |
|---|---|---|---|---|---|
| TEN Tenaris | €25.52 | 2.9% +€737.0m | 57.6% | PE14.9x | |
| SPM Saipem | €4.41 | 4.9% +€399.7m | 91.1% | PE27.4x | |
| ETI ETI | €5.60 | 0.9% +€52.8k | n/a | PE34x |
