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Nigerian (NSE) Energy Sector Analysis

UpdatedFeb 22, 2025
DataAggregated Company Financials
Companies7
  • 7D-2.3%
  • 3M2.6%
  • 1Y117.2%
  • YTD-11.2%

Over the last 7 days, the Energy industry has dropped 7.6%, driven by a pullback from Oando of 8.7%. In the past year, the industry has gained 119%. Earnings are forecast to grow by 54% annually.

Sector Valuation and Performance

Has the Nigerian Energy Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 22 Feb 2025₦2.9t₦2.6t₦297.5b13x9.7x1.1x
Mon, 20 Jan 2025₦3.0t₦2.1t₦192.2b13.4x15.7x1.4x
Wed, 18 Dec 2024₦3.3t₦2.1t₦192.2b13.4x17.3x1.6x
Fri, 15 Nov 2024₦2.8t₦2.1t₦191.4b10.8x14.6x1.3x
Sun, 13 Oct 2024₦391.4b₦1.5t₦42.0b9.3x9.3x0.3x
Tue, 10 Sep 2024₦381.7b₦1.5t₦42.0b9.3x9.1x0.3x
Thu, 08 Aug 2024₦291.2b₦1.5t₦42.0b7.6x6.9x0.2x
Sat, 06 Jul 2024₦265.9b₦1.3t₦35.8b8x7.4x0.2x
Mon, 03 Jun 2024₦233.4b₦1.2t₦34.8b8.9x6.7x0.2x
Wed, 01 May 2024₦231.4b₦1.2t₦34.8b8.7x6.7x0.2x
Fri, 29 Mar 2024₦391.8b₦1.1t₦28.5b9.5x13.8x0.4x
Sun, 25 Feb 2024₦393.0b₦1.1t₦28.5b9.5x13.8x0.4x
Tue, 23 Jan 2024₦471.9b₦1.3t₦10.2b9.9x46.2x0.4x
Thu, 21 Dec 2023₦411.6b₦1.3t₦10.2b9.1x40.3x0.3x
Sat, 18 Nov 2023₦431.9b₦1.3t₦10.2b9.5x42.4x0.3x
Mon, 16 Oct 2023₦393.5b₦1.2t₦9.8b8x40.2x0.3x
Wed, 13 Sep 2023₦406.4b₦1.2t₦9.8b8x41.5x0.3x
Fri, 11 Aug 2023₦375.6b₦1.2t₦9.8b8.1x38.4x0.3x
Sun, 09 Jul 2023₦369.6b₦1.2t₦12.8b9.9x28.9x0.3x
Tue, 06 Jun 2023₦210.5b₦1.2t₦19.3b8.3x10.9x0.2x
Thu, 04 May 2023₦150.4b₦1.2t₦16.8b6.2x8.9x0.1x
Sat, 01 Apr 2023₦218.3b₦1.1t₦16.7b5.7x13.1x0.2x
Mon, 27 Feb 2023₦201.3b₦1.1t₦16.7b6x12.1x0.2x
Wed, 25 Jan 2023₦187.0b₦1.0t₦7.0b5.1x26.8x0.2x
Fri, 23 Dec 2022₦176.9b₦1.0t₦7.0b4.6x25.3x0.2x
Sun, 20 Nov 2022₦168.6b₦1.0t₦7.0b4.6x24.1x0.2x
Tue, 18 Oct 2022₦183.9b₦968.2b₦9.9b7.5x18.5x0.2x
Thu, 15 Sep 2022₦198.9b₦968.7b₦9.9b7.5x20.1x0.2x
Sat, 13 Aug 2022₦197.0b₦968.7b₦9.9b7.5x19.9x0.2x
Mon, 11 Jul 2022₦206.9b₦919.4b₦11.1b8.3x18.6x0.2x
Wed, 08 Jun 2022₦220.5b₦897.9b₦12.7b8.9x17.3x0.2x
Fri, 06 May 2022₦206.2b₦898.1b₦12.6b9.5x16.3x0.2x
Sun, 03 Apr 2022₦190.8b₦861.1b₦10.4b9.6x18.4x0.2x
Tue, 01 Mar 2022₦209.3b₦850.3b₦13.3b14x15.8x0.2x
Price to Earnings Ratio

15.8x


Total Market Cap: ₦209.3bTotal Earnings: ₦13.3bTotal Revenue: ₦850.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Energy Sector Price to Earnings3Y Average 20.2x202320242025
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 9.7x which is lower than its 3-year average PE of 20.2x.
  • The 3-year average PS ratio of 0.38x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have grown 182% per year over the last three years.
  • Revenues for these companies have grown 45% 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 Market0.83%
Energy-2.33%
Energy Services-1.88%
Oil and Gas-2.33%
Industry PE
  • Investors are most optimistic about the Energy Services industry which is trading above its 3-year average PE ratio of 6.2x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Oil and Gas industry, which is trading below its 3-year average of 15.2x.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas industry, expecting annual earnings growth of 54% 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 54% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
MRS MRS Oil Nigeria₦185.002.9%
+₦1.8b		37.0%PE9.7x
Simply Wall St™
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