Have your own idea? Try our Stock Screener
Nigerian (NSE) Energy Sector Analysis
UpdatedJan 21, 2025
DataAggregated Company Financials
Companies6
- 7D-6.6%
- 3M-5.3%
- 1Y116.2%
- YTD-7.2%
Over the last 7 days, the Energy industry has dropped 5.3%, driven by Aradel Holdings declining 8.4%. Meanwhile, Oando actually outperformed within the industry, gaining 16% in the last week. In the past year, the industry has gained 116%. As for the next few years, earnings are expected to grow by 34% per annum.
Sector Valuation and Performance
Has the Nigerian Energy Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 21 Jan 2025 | ₦3.0t | ₦2.1t | ₦192.2b | 13.3x | 15.5x | 1.4x |
| Thu, 19 Dec 2024 | ₦3.5t | ₦2.1t | ₦192.2b | 14x | 18x | 1.6x |
| Sat, 16 Nov 2024 | ₦2.8t | ₦2.1t | ₦191.4b | 11.2x | 14.7x | 1.3x |
| Mon, 14 Oct 2024 | ₦391.4b | ₦1.5t | ₦42.0b | 9.3x | 9.3x | 0.3x |
| Wed, 11 Sep 2024 | ₦381.7b | ₦1.5t | ₦42.0b | 9.3x | 9.1x | 0.3x |
| Fri, 09 Aug 2024 | ₦291.2b | ₦1.5t | ₦42.0b | 7.6x | 6.9x | 0.2x |
| Sun, 07 Jul 2024 | ₦265.9b | ₦1.3t | ₦35.8b | 8x | 7.4x | 0.2x |
| Tue, 04 Jun 2024 | ₦233.4b | ₦1.2t | ₦34.8b | 8.9x | 6.7x | 0.2x |
| Thu, 02 May 2024 | ₦231.4b | ₦1.2t | ₦34.8b | 8.7x | 6.7x | 0.2x |
| Sat, 30 Mar 2024 | ₦391.8b | ₦1.1t | ₦28.5b | 9.5x | 13.8x | 0.4x |
| Mon, 26 Feb 2024 | ₦393.0b | ₦1.1t | ₦28.5b | 9.5x | 13.8x | 0.4x |
| Wed, 24 Jan 2024 | ₦475.1b | ₦1.3t | ₦10.2b | 9.9x | 46.5x | 0.4x |
| Fri, 22 Dec 2023 | ₦414.3b | ₦1.3t | ₦10.2b | 9.1x | 40.6x | 0.3x |
| Sun, 19 Nov 2023 | ₦431.9b | ₦1.3t | ₦10.2b | 9.5x | 42.4x | 0.3x |
| Tue, 17 Oct 2023 | ₦381.2b | ₦1.2t | ₦9.8b | 8x | 38.9x | 0.3x |
| Thu, 14 Sep 2023 | ₦417.0b | ₦1.2t | ₦9.8b | 8x | 42.6x | 0.3x |
| Sat, 12 Aug 2023 | ₦375.6b | ₦1.2t | ₦9.8b | 8.1x | 38.4x | 0.3x |
| Mon, 10 Jul 2023 | ₦369.6b | ₦1.2t | ₦12.8b | 9.9x | 28.9x | 0.3x |
| Wed, 07 Jun 2023 | ₦214.3b | ₦1.2t | ₦19.3b | 8.3x | 11.1x | 0.2x |
| Fri, 05 May 2023 | ₦154.5b | ₦1.2t | ₦16.8b | 6.3x | 9.2x | 0.1x |
| Sun, 02 Apr 2023 | ₦218.3b | ₦1.1t | ₦16.7b | 5.7x | 13.1x | 0.2x |
| Tue, 28 Feb 2023 | ₦210.4b | ₦1.1t | ₦16.7b | 6.4x | 12.6x | 0.2x |
| Thu, 26 Jan 2023 | ₦187.0b | ₦1.0t | ₦7.0b | 5.1x | 26.8x | 0.2x |
| Sat, 24 Dec 2022 | ₦176.9b | ₦1.0t | ₦7.0b | 4.6x | 25.3x | 0.2x |
| Mon, 21 Nov 2022 | ₦168.6b | ₦1.0t | ₦7.0b | 4.6x | 24.1x | 0.2x |
| Wed, 19 Oct 2022 | ₦182.9b | ₦968.2b | ₦9.9b | 7.5x | 18.4x | 0.2x |
| Fri, 16 Sep 2022 | ₦198.3b | ₦968.7b | ₦9.9b | 7.5x | 20.1x | 0.2x |
| Sun, 14 Aug 2022 | ₦197.0b | ₦968.7b | ₦9.9b | 7.5x | 19.9x | 0.2x |
| Tue, 12 Jul 2022 | ₦206.9b | ₦919.4b | ₦11.1b | 8.3x | 18.6x | 0.2x |
| Thu, 09 Jun 2022 | ₦220.5b | ₦897.9b | ₦12.7b | 8.9x | 17.3x | 0.2x |
| Sat, 07 May 2022 | ₦210.7b | ₦898.1b | ₦12.6b | 9.5x | 16.7x | 0.2x |
| Mon, 04 Apr 2022 | ₦190.8b | ₦861.1b | ₦10.4b | 9.6x | 18.4x | 0.2x |
| Wed, 02 Mar 2022 | ₦208.7b | ₦850.3b | ₦13.3b | 13.4x | 15.7x | 0.2x |
| Fri, 28 Jan 2022 | ₦191.0b | ₦779.1b | ₦15.6b | 7.9x | 12.2x | 0.2x |
Price to Earnings Ratio
12.2x
Current Industry PE
- Investors are pessimistic on the Nigerian Energy 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 15.7x which is lower than its 3-year average PE of 20.3x.
- The 3-year average PS ratio of 0.35x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Energy industry have grown 131% per year over the last three years.
- Revenues for these companies have grown 40% 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 Nigerian Energy sector?
| NG Market | -4.11% | |
| Energy | -6.60% | |
| Energy Services | -3.08% | |
| Oil and Gas | -6.64% | |
Industry PE
- Investors are most optimistic about the Oil and Gas industry, which is trading close to its 3-year average PE ratio of 15.1x.
- Analysts are expecting annual earnings growth of 33.9%, which is lower than the prior year's growth of 88.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas industry, expecting annual earnings growth of 34% over the next 5 years.
- However this is lower than its past earnings growth rate of 88% per year.
- In contrast, the Oil and Gas industry is expected to see its earnings grow by 34% 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 | |
|---|---|---|---|---|---|
| OANDO Oando | ₦72.00 | 9.8% +₦79.6b | 490.2% | PE33x | |
| TOTAL TotalEnergies Marketing Nigeria | ₦670.00 | 3.5% +₦7.6b | 93.4% | PE7.7x | |
| CAVERTON Caverton Offshore Support Group | ₦2.34 | 6.4% +₦469.1m | 24.5% | PS0.2x |