Here's What's Concerning About Iren's (BIT:IRE) Returns On Capital
Nov 27
Italian (Borsa Italiana) Utilities Sector Analysis
UpdatedNov 29, 2022
DataAggregated Company Financials
Companies18
- 7D-0.1%
- 3M5.9%
- 1Y-14.8%
- YTD-20.4%
The Utilities industry has stayed flat over the last week. As for the longer term, the industry has declined 15% in the last year. As for the next few years, earnings are expected to grow by 5.8% per annum.
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 |
|---|---|---|---|---|---|---|
| Wed, 30 Nov 2022 | €113.8b | €225.4b | €6.9b | 13.4x | 16.4x | 0.5x |
| Fri, 28 Oct 2022 | €105.3b | €197.4b | €7.7b | 11.9x | 13.7x | 0.5x |
| Sun, 25 Sep 2022 | €104.1b | €190.3b | €7.8b | 13.3x | 13.4x | 0.5x |
| Tue, 23 Aug 2022 | €115.0b | €190.3b | €7.8b | 15.1x | 14.8x | 0.6x |
| Thu, 21 Jul 2022 | €110.0b | €166.6b | €8.2b | 13.8x | 13.4x | 0.7x |
| Sat, 18 Jun 2022 | €121.9b | €167.2b | €8.2b | 15.8x | 14.9x | 0.7x |
| Mon, 16 May 2022 | €130.9b | €162.5b | €8.2b | 17.2x | 16x | 0.8x |
| Wed, 13 Apr 2022 | €138.6b | €141.3b | €8.0b | 20.1x | 17.3x | 1x |
| Fri, 11 Mar 2022 | €126.5b | €119.1b | €7.2b | 18x | 17.6x | 1.1x |
| Sun, 06 Feb 2022 | €135.2b | €116.1b | €7.3b | 17x | 18.6x | 1.2x |
| Tue, 04 Jan 2022 | €145.3b | €116.1b | €7.3b | 17.7x | 20x | 1.3x |
| Thu, 02 Dec 2021 | €137.2b | €116.1b | €7.3b | 16.6x | 18.9x | 1.2x |
| Sat, 30 Oct 2021 | €141.7b | €100.8b | €7.2b | 17.2x | 19.6x | 1.4x |
| Mon, 27 Sep 2021 | €137.1b | €100.7b | €7.2b | 15.5x | 19x | 1.4x |
| Wed, 25 Aug 2021 | €146.3b | €100.7b | €7.2b | 15.5x | 20.2x | 1.5x |
| Thu, 01 Jul 2021 | €143.2b | €100.7b | €7.2b | 15.5x | 19.8x | 1.4x |
| Sun, 04 Apr 2021 | €149.2b | €99.2b | €6.6b | 17.5x | 22.5x | 1.5x |
| Wed, 06 Jan 2021 | €143.4b | €100.8b | €6.5b | 17.5x | 22x | 1.4x |
| Sat, 10 Oct 2020 | €132.3b | €103.6b | €8.0b | 15.6x | 16.5x | 1.3x |
| Fri, 03 Jul 2020 | €135.3b | €108.1b | €5.7b | 17.9x | 23.7x | 1.3x |
| Mon, 06 Apr 2020 | €118.6b | €113.4b | €6.0b | 14.3x | 19.8x | 1x |
| Thu, 09 Jan 2020 | €133.5b | €117.2b | €6.0b | 16.6x | 22.3x | 1.1x |
Price to Earnings Ratio
21.8x
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 16.4x which is lower than its 3-year average PE of 19.3x.
- The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.50x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have grown 4.8% 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 Italian Utilities sector?
| IT Market | -0.16% | |
| Utilities | -0.10% | |
| Other Utilities | 0.34% | |
| Gas Utilities | 0.0059% | |
| Water Utilities | 0% | |
| Electric Utilities | -0.017% | |
| Renewable Energy | -1.13% | |
Industry PE
- Investors are most optimistic about the Electric Utilities industry even though it's trading below its 3-year average PE ratio of 25.0x.
- Analysts are expecting annual earnings growth of 7.5%, which is higher than its past year's earnings growth of 5.6% per year.
- Investors are most pessimistic about the Other Utilities industry, which is trading below its 3-year average of 12.0x.
Forecasted Growth
- Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 7.5% over the next 5 years.
- This is better than its past earnings growth rate of 5.6% per year.
- In contrast, the Renewable Energy industry is expected to see its earnings decline by 9.1% 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 | |
|---|---|---|---|---|---|
| TRN Terna - Rete Elettrica Nazionale Società per Azioni | €7.20 | 0.2% +€28.1m | 9.5% | PE18.1x | |
| HER Hera | €2.65 | 0.7% +€26.2m | -22.2% | PE29.5x | |
| IRE Iren | €1.60 | 0.9% +€18.0m | -39.8% | PE10.2x | |
| ASC Ascopiave | €2.56 | 3.2% +€17.3m | -25.6% | PE13.8x | |
| A2A A2A | €1.30 | 0.04% +€1.6m | -24.8% | PE7.6x |
