There May Be Underlying Issues With The Quality Of RENOVA's (TSE:9519) Earnings
Nov 21
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Japanese (NIKKEI) Renewable Energy Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies8
- 7D11.6%
- 3M-5.0%
- 1Y-6.9%
- YTDn/a
The Renewable Energy industry is up 8.2% in the last week, with Renewable Japan up 130%. In the same time, RENOVA was down 5.7%. However, the industry is down 8.1% over the past year. Earnings are forecast to grow by 11% annually.
Industry Valuation and Performance
Has the Japanese Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | JP¥218.5b | JP¥342.7b | -JP¥4,995,000,000.00 | 20.4x | -43.8x | 0.6x |
| Sat, 19 Oct 2024 | JP¥201.6b | JP¥348.4b | -JP¥8,761,000,000.00 | 27.6x | -23x | 0.6x |
| Mon, 16 Sep 2024 | JP¥209.5b | JP¥348.4b | -JP¥8,761,000,000.00 | 28x | -23.9x | 0.6x |
| Wed, 14 Aug 2024 | JP¥215.0b | JP¥342.6b | -JP¥7,560,000,000.00 | 32.8x | -28.4x | 0.6x |
| Fri, 12 Jul 2024 | JP¥229.2b | JP¥364.6b | -JP¥13,291,000,000.00 | 59.3x | -17.2x | 0.6x |
| Sun, 09 Jun 2024 | JP¥243.4b | JP¥367.5b | -JP¥13,291,000,000.00 | 68.1x | -18.3x | 0.7x |
| Tue, 07 May 2024 | JP¥390.9b | JP¥418.8b | -JP¥459,000,000.00 | 24.6x | -851.6x | 0.9x |
| Thu, 04 Apr 2024 | JP¥339.6b | JP¥416.2b | -JP¥628,000,000.00 | 22.6x | -540.7x | 0.8x |
| Sat, 02 Mar 2024 | JP¥308.8b | JP¥416.2b | -JP¥628,000,000.00 | 20.5x | -491.8x | 0.7x |
| Mon, 29 Jan 2024 | JP¥417.2b | JP¥435.8b | JP¥3.0b | 53.7x | 141.1x | 1x |
| Wed, 27 Dec 2023 | JP¥346.6b | JP¥428.6b | JP¥2.2b | 35.9x | 154.4x | 0.8x |
| Fri, 24 Nov 2023 | JP¥348.7b | JP¥428.6b | JP¥2.2b | 30.6x | 155.4x | 0.8x |
| Sun, 22 Oct 2023 | JP¥375.7b | JP¥437.0b | JP¥11.2b | 22x | 33.5x | 0.9x |
| Tue, 19 Sep 2023 | JP¥361.3b | JP¥429.2b | JP¥11.9b | 19.2x | 30.3x | 0.8x |
| Thu, 17 Aug 2023 | JP¥334.7b | JP¥429.2b | JP¥11.9b | 15.1x | 28x | 0.8x |
| Sat, 15 Jul 2023 | JP¥370.8b | JP¥427.6b | JP¥17.7b | 18.6x | 20.9x | 0.9x |
| Mon, 12 Jun 2023 | JP¥361.2b | JP¥426.2b | JP¥17.3b | 19.5x | 20.8x | 0.8x |
| Wed, 10 May 2023 | JP¥450.9b | JP¥427.8b | JP¥17.0b | 17.6x | 26.5x | 1.1x |
| Fri, 07 Apr 2023 | JP¥444.5b | JP¥439.3b | JP¥17.6b | 18.4x | 25.2x | 1x |
| Sun, 05 Mar 2023 | JP¥486.5b | JP¥440.5b | JP¥17.6b | 18.9x | 27.6x | 1.1x |
| Tue, 31 Jan 2023 | JP¥543.7b | JP¥422.9b | JP¥15.0b | 16.4x | 36.1x | 1.3x |
| Thu, 29 Dec 2022 | JP¥553.1b | JP¥424.0b | JP¥14.4b | 23.3x | 38.4x | 1.3x |
| Sat, 26 Nov 2022 | JP¥646.2b | JP¥424.0b | JP¥14.4b | 28.1x | 44.9x | 1.5x |
| Mon, 24 Oct 2022 | JP¥675.8b | JP¥391.4b | JP¥20.3b | 34.2x | 33.2x | 1.7x |
| Wed, 21 Sep 2022 | JP¥710.3b | JP¥400.0b | JP¥19.7b | 45.7x | 36.1x | 1.8x |
| Fri, 19 Aug 2022 | JP¥658.8b | JP¥400.0b | JP¥19.7b | 46.2x | 33.5x | 1.6x |
| Sun, 17 Jul 2022 | JP¥575.7b | JP¥369.7b | JP¥18.1b | 20.9x | 31.8x | 1.6x |
| Tue, 14 Jun 2022 | JP¥517.8b | JP¥369.7b | JP¥18.0b | 16.4x | 28.8x | 1.4x |
| Thu, 12 May 2022 | JP¥522.4b | JP¥355.9b | JP¥18.6b | 16x | 28.1x | 1.5x |
| Sat, 09 Apr 2022 | JP¥552.9b | JP¥345.4b | JP¥29.3b | 13.7x | 18.9x | 1.6x |
| Mon, 07 Mar 2022 | JP¥480.8b | JP¥339.7b | JP¥28.8b | 12.7x | 16.7x | 1.4x |
| Wed, 02 Feb 2022 | JP¥433.9b | JP¥297.8b | JP¥30.1b | 11.2x | 14.4x | 1.5x |
| Fri, 31 Dec 2021 | JP¥608.9b | JP¥298.0b | JP¥31.2b | 15.2x | 19.5x | 2x |
| Sun, 28 Nov 2021 | JP¥918.9b | JP¥298.0b | JP¥31.2b | 23.4x | 29.4x | 3.1x |
Price to Earnings Ratio
29.4x
Current Industry PE
- Investors are pessimistic on the Japanese Renewable Electricity industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.64x.
Past Earnings Growth
- Total earnings for the Renewable Electricity industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 4.8% 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 Comparison
How does Japanese Renewable Energy compare with similar industries?
| JP Market | -0.44% | |
| Utilities | -4.46% | |
| Renewable Energy | 2.07% | |
| Renewable Energy | 11.63% | |
| Independent Power Producers and Energy Traders | -1.74% | |
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 | |
|---|---|---|---|---|---|
| 9522 Renewable Japan | JP¥1.25k | 131.6% +JP¥21.2b | 74.3% | PE85.4x | |
| 176A Rezil | JP¥1.85k | 30.3% +JP¥8.0b | n/a | n/a | |
| 9514 EF-ON | JP¥425.00 | 9.8% +JP¥811.6m | -11.8% | PE21.7x | |
| 9519 RENOVA | JP¥811.00 | 0.1% +JP¥90.4m | -26.1% | PE12.4x |