Italian (Borsa Italiana) Utilities Sector Analysis

Sector Valuation and Performance

Has the Italian Utilities Sector valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Thu, 25 Apr 2024	€125.6b	€168.1b	€8.8b	14.4x	14.3x	0.7x
Sat, 23 Mar 2024	€124.9b	€178.4b	€10.0b	13.9x	12.5x	0.7x
Mon, 19 Feb 2024	€121.6b	€182.2b	€9.3b	16.1x	13.1x	0.7x
Wed, 17 Jan 2024	€134.4b	€182.2b	€9.3b	17.7x	14.4x	0.7x
Fri, 15 Dec 2023	€133.7b	€182.2b	€9.3b	17.8x	14.4x	0.7x
Sun, 12 Nov 2023	€122.4b	€187.2b	€9.3b	16x	13.2x	0.7x
Tue, 10 Oct 2023	€116.0b	€212.4b	€7.6b	16.3x	15.4x	0.5x
Thu, 07 Sep 2023	€124.1b	€212.5b	€7.6b	17x	16.4x	0.6x
Sat, 05 Aug 2023	€120.8b	€212.5b	€7.2b	16.6x	16.7x	0.6x
Mon, 03 Jul 2023	€126.0b	€227.9b	€6.9b	16.3x	18.1x	0.6x
Wed, 31 May 2023	€125.5b	€227.3b	€6.9b	15.7x	18.1x	0.6x
Fri, 28 Apr 2023	€127.3b	€235.8b	€7.0b	15.9x	18.3x	0.5x
Sun, 26 Mar 2023	€116.3b	€238.3b	€7.6b	14x	15.3x	0.5x
Tue, 21 Feb 2023	€116.9b	€228.3b	€6.6b	13.8x	17.6x	0.5x
Thu, 19 Jan 2023	€122.6b	€225.5b	€6.7b	13.9x	18.2x	0.5x
Sat, 17 Dec 2022	€112.0b	€225.4b	€6.9b	13x	16.1x	0.5x
Mon, 14 Nov 2022	€113.0b	€217.6b	€7.0b	13.6x	16.2x	0.5x
Wed, 12 Oct 2022	€94.5b	€190.6b	€7.8b	10.5x	12.2x	0.5x
Fri, 09 Sep 2022	€107.8b	€190.3b	€7.8b	13.7x	13.9x	0.6x
Sun, 07 Aug 2022	€113.9b	€190.2b	€7.5b	16.5x	15.1x	0.6x
Tue, 05 Jul 2022	€117.4b	€166.6b	€8.2b	15x	14.3x	0.7x
Thu, 02 Jun 2022	€131.8b	€167.0b	€8.1b	17.9x	16.2x	0.8x
Sat, 30 Apr 2022	€135.3b	€137.5b	€8.0b	18.3x	16.9x	1x
Mon, 28 Mar 2022	€129.5b	€138.0b	€7.8b	18.7x	16.5x	0.9x
Wed, 23 Feb 2022	€131.2b	€119.1b	€7.2b	18.7x	18.3x	1.1x
Fri, 21 Jan 2022	€140.7b	€116.1b	€7.3b	17.5x	19.3x	1.2x
Sun, 19 Dec 2021	€138.4b	€116.1b	€7.3b	17.4x	19x	1.2x
Tue, 16 Nov 2021	€142.5b	€115.0b	€7.2b	17.1x	19.7x	1.2x
Thu, 14 Oct 2021	€134.8b	€100.7b	€7.2b	16.4x	18.6x	1.3x
Sat, 11 Sep 2021	€140.8b	€100.7b	€7.2b	16.1x	19.5x	1.4x
Mon, 09 Aug 2021	€146.1b	€100.7b	€7.2b	15.6x	20.2x	1.4x
Sun, 02 May 2021	€147.1b	€99.2b	€6.6b	18.2x	22.2x	1.5x

Current Industry PE

Investors are pessimistic on the Italian Utilities 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 14.3x which is lower than its 3-year average PE of 16.9x.

The industry is trading close to its 3-year average PS ratio of 0.84x.

Past Earnings Growth

The earnings for companies in the Utilities industry have grown 9.7% per year over the last three years.
Revenues for these companies have grown 19% 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 Utilities sector?


IT Market	2.44%
Utilities	4.84%
Other Utilities	6.78%
Electric Utilities	5.45%
Gas Utilities	3.86%
Renewable Energy	0.19%
Water Utilities	0%

Industry PE

Investors are most optimistic about the Electric Utilities industry even though it's trading below its 3-year average PE ratio of 20.3x.

Analysts are expecting annual earnings growth of 11.7%, which is higher than its past year's earnings growth of 4.6% per year.

Investors are most pessimistic about the Other Utilities industry, which is trading below its 3-year average of 11.3x.

Forecasted Growth

Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 12% over the next 5 years.
This is better than its past earnings growth rate of 4.6% per year.

In contrast, the Other Utilities industry is expected to see its earnings growth to stay flat 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
ENEL Enel	€6.09	5.2% +€3.1b	-0.03%	PE17x
TRN Terna	€7.57	4.1% +€597.7m	-2.4%	PE17.2x
A2A A2A	€1.82	7.4% +€393.2m	15.6%	PE8.7x
SRG Snam	€4.34	2.8% +€392.4m	-12.8%	PE12.8x
HER Hera	€3.37	7.5% +€340.7m	24.6%	PE11x