Risks To Shareholder Returns Are Elevated At These Prices For ERG S.p.A. (BIT:ERG)
Apr 26
Italian (Borsa Italiana) Renewable Energy Industry Analysis
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies5
- 7D2.9%
- 3M-7.4%
- 1Y-11.6%
- YTDn/a
The Renewable Energy industry is up 2.9% in the last week, with ERG up 3.6%. During this same period, the Ecosuntek underperformed, falling 7.2%. In contrast, the industry has lost 12% in the last 12 months. Earnings are forecast to grow by 4.5% annually.
Industry Valuation and Performance
Has the Italian Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 09 May 2024 | €4.9b | €1.8b | €290.3m | 17.8x | 16.8x | 2.7x |
| Sat, 06 Apr 2024 | €4.4b | €1.8b | €286.3m | 14.8x | 15.4x | 2.5x |
| Mon, 04 Mar 2024 | €1.3b | €1.1b | €83.2m | 14.8x | 15.4x | 1.1x |
| Wed, 31 Jan 2024 | €1.6b | €1.1b | €85.0m | 21.9x | 18.4x | 1.4x |
| Fri, 29 Dec 2023 | €1.7b | €1.1b | €85.0m | 22.5x | 19.5x | 1.5x |
| Sun, 26 Nov 2023 | €1.5b | €1.1b | €85.0m | 21.4x | 17.7x | 1.3x |
| Tue, 24 Oct 2023 | €1.5b | €1.1b | €85.0m | 21.3x | 17.8x | 1.3x |
| Thu, 21 Sep 2023 | €1.7b | €1.2b | €82.0m | 19.3x | 20.8x | 1.5x |
| Sat, 19 Aug 2023 | €1.6b | €1.2b | €82.0m | 18.4x | 20x | 1.4x |
| Mon, 17 Jul 2023 | €1.7b | €1.2b | €75.0m | 19.9x | 22.7x | 1.4x |
| Wed, 14 Jun 2023 | €1.8b | €1.2b | €75.0m | 18.6x | 23.8x | 1.5x |
| Fri, 12 May 2023 | €1.8b | €716.9m | €74.4m | 12.4x | 23.5x | 2.4x |
| Sun, 09 Apr 2023 | €1.8b | €708.4m | €74.4m | 12.4x | 23.6x | 2.5x |
| Tue, 07 Mar 2023 | €1.8b | €680.0m | €80.8m | 17.5x | 22.8x | 2.7x |
| Thu, 02 Feb 2023 | €1.9b | €680.0m | €80.8m | 18.3x | 23.7x | 2.8x |
| Sat, 31 Dec 2022 | €1.9b | €680.0m | €80.8m | 18.5x | 23.8x | 2.8x |
| Mon, 28 Nov 2022 | €2.1b | €682.4m | €80.9m | 27.2x | 26.5x | 3.1x |
| Wed, 26 Oct 2022 | €2.1b | €682.4m | €80.9m | 26.5x | 25.9x | 3.1x |
| Fri, 23 Sep 2022 | €2.0b | €461.7m | €79.9m | 25.3x | 25.1x | 4.4x |
| Sun, 21 Aug 2022 | €2.2b | €461.7m | €79.9m | 26.8x | 27.5x | 4.8x |
| Tue, 19 Jul 2022 | €2.0b | €379.3m | €56.4m | 26.4x | 36.3x | 5.4x |
| Thu, 16 Jun 2022 | €4.7b | €952.0m | €38.1m | 28x | 123.9x | 5x |
| Sat, 14 May 2022 | €4.6b | €868.0m | €37.0m | 30.8x | 123x | 5.2x |
| Mon, 11 Apr 2022 | €4.8b | €868.1m | €37.0m | 34.6x | 128.5x | 5.5x |
| Wed, 09 Mar 2022 | €4.3b | €709.7m | €87.2m | 42.1x | 49.2x | 6x |
| Fri, 04 Feb 2022 | €4.2b | €709.7m | €87.2m | 43.9x | 48x | 5.9x |
| Sun, 02 Jan 2022 | €4.3b | €709.7m | €87.2m | 46.7x | 49.3x | 6.1x |
| Tue, 30 Nov 2021 | €4.2b | €709.7m | €87.2m | 48.6x | 48.5x | 6x |
| Thu, 28 Oct 2021 | €4.0b | €676.3m | €89.6m | 35.2x | 44.4x | 5.9x |
| Sat, 25 Sep 2021 | €3.0b | €656.8m | €89.8m | 30.2x | 33.8x | 4.6x |
| Mon, 23 Aug 2021 | €2.8b | €656.8m | €89.8m | 29.1x | 31x | 4.2x |
| Sat, 10 Jul 2021 | €2.5b | €656.8m | €89.8m | 28.9x | 27.8x | 3.8x |
Price to Earnings Ratio
28.3x
Current Industry PE
- Investors are pessimistic on the Italian Renewable Electricity 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 16.8x which is lower than its 3-year average PE of 36.6x.
- The 3-year average PS ratio of 3.4x is higher than the industry's current PS ratio of 2.7x.
Past Earnings Growth
- The earnings for companies in the Renewable Electricity industry have grown 49% per year over the last three years.
- Revenues for these companies have grown 43% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Italian Renewable Energy compare with similar industries?
| IT Market | 1.60% | |
| Utilities | 2.24% | |
| Renewable Energy | 1.97% | |
| Renewable Energy | 2.93% | |
| Independent Power Producers and Energy Traders | 1.32% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ERG ERG | €26.46 | 4.6% +€169.1m | -4.1% | PE18x | |
| ARN Alerion Clean Power | €17.68 | 1.0% +€9.7m | -38.4% | PE14.2x | |
| RNG Renergetica | €10.10 | 1.0% +€810.4k | 49.0% | PE46.6x | |
| IB Iniziative Bresciane | €14.20 | 0.7% +€520.4k | -7.2% | PE19.7x |
