Innovatec (BIT:INC) Has A Somewhat Strained Balance Sheet
Nov 21
Italian (Borsa Italiana) Electrical Industry Analysis
UpdatedDec 08, 2023
DataAggregated Company Financials
Companies10
- 7D4.7%
- 3M-2.8%
- 1Y7.4%
- YTD1.9%
In the last week, the Electrical industry is up 5.2%, with Prysmian up 6.0%. In the last 12 months, the industry was up 8.3%. Looking forward, earnings are forecast to grow by 7.7% annually.
Industry Valuation and Performance
Has the Italian Electrical Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 09 Dec 2023 | €11.8b | €17.9b | €746.3m | 14.8x | 15.8x | 0.7x |
| Mon, 06 Nov 2023 | €11.2b | €18.2b | €743.8m | 10.8x | 15x | 0.6x |
| Wed, 04 Oct 2023 | €12.0b | €18.3b | €755.0m | 11.4x | 15.9x | 0.7x |
| Fri, 01 Sep 2023 | €12.4b | €18.5b | €756.6m | 11.9x | 16.4x | 0.7x |
| Sun, 30 Jul 2023 | €11.9b | €18.5b | €765.2m | 11.6x | 15.5x | 0.6x |
| Tue, 27 Jun 2023 | €11.8b | €18.8b | €675.2m | 12.8x | 17.4x | 0.6x |
| Thu, 25 May 2023 | €11.5b | €18.7b | €669.8m | 12.3x | 17.2x | 0.6x |
| Sat, 22 Apr 2023 | €12.1b | €18.4b | €610.3m | 12.7x | 19.9x | 0.7x |
| Mon, 20 Mar 2023 | €11.5b | €17.5b | €577.8m | 12.9x | 19.9x | 0.7x |
| Wed, 15 Feb 2023 | €11.2b | €17.0b | €551.6m | 15x | 20.2x | 0.7x |
| Fri, 13 Jan 2023 | €10.6b | €17.0b | €551.6m | 13.3x | 19.2x | 0.6x |
| Sun, 11 Dec 2022 | €10.6b | €16.9b | €536.0m | 14.9x | 19.7x | 0.6x |
| Tue, 08 Nov 2022 | €9.6b | €16.0b | €457.8m | 14.5x | 21x | 0.6x |
| Thu, 06 Oct 2022 | €9.3b | €16.0b | €457.8m | 14x | 20.4x | 0.6x |
| Sat, 03 Sep 2022 | €9.7b | €15.9b | €451.0m | 20.5x | 21.4x | 0.6x |
| Mon, 01 Aug 2022 | €9.3b | €15.9b | €451.0m | 19.3x | 20.7x | 0.6x |
| Wed, 29 Jun 2022 | €8.4b | €14.8b | €404.0m | 19.9x | 20.8x | 0.6x |
| Fri, 27 May 2022 | €9.0b | €14.8b | €404.0m | 22.6x | 22.3x | 0.6x |
| Sun, 24 Apr 2022 | €9.2b | €13.9b | €353.1m | 23.8x | 26.2x | 0.7x |
| Tue, 22 Mar 2022 | €9.5b | €13.8b | €343.3m | 22.1x | 27.6x | 0.7x |
| Thu, 17 Feb 2022 | €9.0b | €12.8b | €331.9m | 22.6x | 27.2x | 0.7x |
| Sat, 15 Jan 2022 | €10.2b | €12.8b | €331.9m | 24.9x | 30.7x | 0.8x |
| Mon, 13 Dec 2021 | €10.0b | €12.8b | €331.9m | 23.9x | 30.2x | 0.8x |
| Wed, 10 Nov 2021 | €10.3b | €12.1b | €295.2m | 26x | 34.8x | 0.9x |
| Fri, 08 Oct 2021 | €9.0b | €12.0b | €298.4m | 22.8x | 30.3x | 0.8x |
| Sun, 05 Sep 2021 | €9.7b | €11.9b | €290.4m | 24.7x | 33.2x | 0.8x |
| Tue, 03 Aug 2021 | €9.0b | €11.9b | €290.4m | 23x | 31x | 0.8x |
| Fri, 07 May 2021 | €7.8b | €11.0b | €248.9m | 25.1x | 31.3x | 0.7x |
| Mon, 08 Feb 2021 | €7.7b | €10.8b | €187.4m | 28.5x | 41.2x | 0.7x |
Price to Earnings Ratio
44.5x
Current Industry PE
- Investors are pessimistic on the Italian Electrical 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 15.8x which is lower than its 3-year average PE of 25.4x.
- The industry is trading close to its 3-year average PS ratio of 0.68x.
Past Earnings Growth
- The earnings for companies in the Electrical industry have grown 59% per year over the last three years.
- Revenues for these companies have grown 18% 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 Italian Industrials industry?
| IT Market | 0.93% | |
| Industrials | 0.87% | |
| Electrical | 4.73% | |
| Electrical Components | 4.79% | |
| Heavy Electrical Equipment | -0.25% | |
Industry PE
- Investors are most optimistic about the Heavy Electrical Equipment industry which is trading above its 3-year average PE ratio of 44.1x.
- Analysts are expecting annual earnings growth of 76.9%, which is higher than its past year's earnings growth of 67.9% per year.
- Investors are most pessimistic about the Electrical Components industry, which is trading below its 3-year average of 25.3x.
Forecasted Growth
- Analysts are most optimistic on the Heavy Electrical Equipment industry, expecting annual earnings growth of 77% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Electrical Components industry is expected to see its earnings grow by 6.9% 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 | |
|---|---|---|---|---|---|
| PRY Prysmian | €38.52 | 5.5% +€554.4m | 8.5% | PE16.2x | |
| ENY Energy | €2.42 | 14.2% +€18.4m | -2.8% | PE8.5x | |
| ATON ATON Green Storage | €6.00 | 9.1% +€3.8m | -1.6% | PE8.1x | |
| INC Innovatec | €1.31 | 1.7% +€2.1m | -24.2% | PS0.6x | |
| IRC IRCE | €1.96 | 2.6% +€1.3m | -4.4% | PE4.8x |