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Nigerian (NSE) Energy Sector Analysis

UpdatedFeb 24, 2024
DataAggregated Company Financials
Companies8
  • 7D-4.5%
  • 3M0.6%
  • 1Y129.7%
  • YTD3.9%

Over the last 7 days, the Energy industry has dropped 4.5%, driven by a pullback from Oando of 11%. Over the past 12 months, the industry was up 130%. Looking forward, earnings are forecast to grow by 46% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 24 Feb 2024₦397.3b₦1.1t₦28.5b9.5x14x0.4x
Mon, 22 Jan 2024₦468.9b₦1.3t₦10.2b9.9x45.9x0.4x
Wed, 20 Dec 2023₦414.6b₦1.3t₦10.2b9.1x40.6x0.3x
Fri, 17 Nov 2023₦431.5b₦1.3t₦10.2b9.5x42.3x0.3x
Sun, 15 Oct 2023₦393.5b₦1.2t₦9.8b8x40.2x0.3x
Tue, 12 Sep 2023₦387.9b₦1.2t₦9.8b8x39.6x0.3x
Thu, 10 Aug 2023₦375.1b₦1.2t₦9.8b8.1x38.3x0.3x
Sat, 08 Jul 2023₦369.6b₦1.2t₦12.8b9.9x28.9x0.3x
Mon, 05 Jun 2023₦202.2b₦1.2t₦19.3b8x10.5x0.2x
Wed, 03 May 2023₦150.4b₦1.2t₦16.8b6.2x8.9x0.1x
Fri, 31 Mar 2023₦208.8b₦1.1t₦16.7b5.7x12.5x0.2x
Sun, 26 Feb 2023₦201.3b₦1.1t₦16.7b6x12.1x0.2x
Tue, 24 Jan 2023₦186.5b₦1.0t₦7.0b5.1x26.7x0.2x
Thu, 22 Dec 2022₦174.8b₦1.0t₦7.0b4.6x25x0.2x
Sat, 19 Nov 2022₦168.6b₦1.0t₦7.0b4.6x24x0.2x
Mon, 17 Oct 2022₦183.9b₦968.2b₦9.9b7.5x18.5x0.2x
Wed, 14 Sep 2022₦199.1b₦968.7b₦9.9b7.5x20.2x0.2x
Fri, 12 Aug 2022₦197.6b₦968.7b₦9.9b7.5x20x0.2x
Sun, 10 Jul 2022₦206.9b₦919.4b₦11.1b8.3x18.6x0.2x
Tue, 07 Jun 2022₦220.3b₦897.9b₦12.7b8.4x17.3x0.2x
Thu, 05 May 2022₦215.8b₦898.1b₦12.6b9.3x17.1x0.2x
Sat, 02 Apr 2022₦190.8b₦861.1b₦10.4b9.6x18.4x0.2x
Mon, 28 Feb 2022₦209.3b₦850.3b₦13.3b14x15.8x0.2x
Wed, 26 Jan 2022₦191.9b₦779.1b₦15.6b7.9x12.3x0.2x
Fri, 24 Dec 2021₦185.4b₦776.4b₦15.9b7.1x11.7x0.2x
Sun, 21 Nov 2021₦192.9b₦776.4b₦15.9b7x12.1x0.2x
Tue, 19 Oct 2021₦194.3b₦712.1b₦13.5b7.5x14.4x0.3x
Thu, 16 Sep 2021₦186.2b₦1.3t₦42.2b6.8x4.4x0.1x
Sat, 14 Aug 2021₦192.2b₦1.3t₦42.5b6.8x4.5x0.1x
Wed, 09 Jun 2021₦147.4b₦1.2t₦37.1b8.5x4x0.1x
Tue, 02 Mar 2021₦153.9b₦1.2t₦32.0b10.9x4.8x0.1x
Price to Earnings Ratio

4.8x


Total Market Cap: ₦153.9bTotal Earnings: ₦32.0bTotal Revenue: ₦1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Energy Sector Price to Earnings3Y Average 18.8x202220232024
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 14.0x which is lower than its 3-year average PE of 18.8x.
  • The industry is trading close to its 3-year average PS ratio of 0.22x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have declined 3.9% per year over the last three years,
  • Revenues have also declined 5.0% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Nigerian Energy sector?

NG Market-4.45%
Energy-4.51%
Oil and Gas-4.21%
Energy Services-9.43%
Industry PE
  • Investors are most optimistic about the Energy Services industry which is trading above its 3-year average PE ratio of 9.7x.
    • 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 close to its 3-year average of 13.4x.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas industry, expecting annual earnings growth of 46% over the next 5 years.
  • However this is lower than its past earnings growth rate of 94% per year.
  • In contrast, the Oil and Gas industry is expected to see its earnings grow by 46% 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
ETERNA Eterna₦17.550.3%
+₦65.2m
156.2%PS0.1x
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Latest News

JAPAULGOLD

₦2.45

Japaul Gold & Ventures

7D

-12.5%

1Y

744.8%

OANDO

₦10.95

Oando

7D

-11.0%

1Y

173.8%

ETERNA

₦17.55

Eterna

7D

0.3%

1Y

156.2%