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Nigerian (NSE) Energy Sector Analysis

UpdatedDec 03, 2022
DataAggregated Company Financials
Companies10
  • 7D0.7%
  • 3M-14.1%
  • 1Y-8.3%
  • YTD-5.6%

Last week, the Energy industry hasn't moved much but Ardova is up 9.7% in that time. Unfortunately though, the industry is down 8.3% over the past 12 months. Earnings are forecast to grow by 37% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 04 Dec 2022₦171.5b₦1.0t₦7.0b4.6x24.5x0.2x
Tue, 01 Nov 2022₦176.6b₦1.0t₦6.2b7x28.7x0.2x
Thu, 29 Sep 2022₦188.3b₦968.7b₦9.9b7.5x19.1x0.2x
Sat, 27 Aug 2022₦197.2b₦968.7b₦9.9b7.5x20x0.2x
Mon, 25 Jul 2022₦202.0b₦919.4b₦11.1b8.3x18.2x0.2x
Wed, 22 Jun 2022₦208.8b₦897.9b₦12.7b8.6x16.4x0.2x
Fri, 20 May 2022₦217.8b₦905.1b₦12.5b9.6x17.4x0.2x
Sun, 17 Apr 2022₦196.6b₦860.9b₦10.4b8.4x18.8x0.2x
Tue, 15 Mar 2022₦206.9b₦861.1b₦10.4b9.8x19.9x0.2x
Thu, 10 Feb 2022₦203.0b₦850.3b₦13.3b13.9x15.3x0.2x
Sat, 08 Jan 2022₦187.6b₦776.4b₦15.9b7.1x11.8x0.2x
Mon, 06 Dec 2021₦189.1b₦776.4b₦15.9b7.1x11.9x0.2x
Wed, 03 Nov 2021₦206.6b₦775.1b₦15.9b8.2x13x0.3x
Fri, 01 Oct 2021₦194.4b₦712.1b₦13.5b7.7x14.4x0.3x
Sun, 29 Aug 2021₦191.0b₦1.3t₦42.5b6.8x4.5x0.1x
Mon, 05 Jul 2021₦151.7b₦1.3t₦42.5b5.8x3.6x0.1x
Thu, 08 Apr 2021₦142.4b₦1.2t₦37.1b8.2x3.8x0.1x
Sun, 10 Jan 2021₦147.8b₦1.2t₦32.0b9.8x4.6x0.1x
Sat, 03 Oct 2020₦104.5b₦1.3t₦78.3b7.7x1.3x0.08x
Tue, 07 Jul 2020₦111.0b₦1.3t₦75.7b6.7x1.5x0.08x
Fri, 10 Apr 2020₦105.7b₦1.5t₦76.9b4.8x1.4x0.07x
Thu, 02 Jan 2020₦147.6b₦1.5t₦80.4b6x1.8x0.1x
Price to Earnings Ratio

1.8x


Total Market Cap: ₦147.6bTotal Earnings: ₦80.4bTotal Revenue: ₦1.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Energy Sector Price to Earnings3Y Average 8.5x20212022
Current Industry PE
  • Investors are optimistic on the Nigerien Energy industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 24.5x which is higher than its 3-year average PE of 8.5x.
  • The industry is trading close to its 3-year average PS ratio of 0.15x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have declined 41% per year over the last three years,
  • Revenues have also declined 13% 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 Market0.86%
Energy0.74%
Oil and Gas0.85%
Energy Services-5.68%
Industry PE
  • Investors are most optimistic about the Oil and Gas industry which is trading above its 3-year average PE ratio of 7.0x.
    • Analysts expect its future annual earnings growth (37.4%) to be largely in line with prior year's earnings growth.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas industry, expecting annual earnings growth of 37% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Oil and Gas industry is expected to see its earnings grow by 37% 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
ARDOVA Ardova₦15.259.7%
+₦1.8b
12.1%PS0.08x
ETERNA Eterna₦5.923.9%
+₦286.9m
-2.1%PS0.07x
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Latest News

CAVERTON

₦0.83

Caverton Offshore Support Group

7D

-5.7%

1Y

-52.8%

ETERNA

₦5.92

Eterna

7D

3.9%

1Y

-2.1%

ARDOVA

₦15.25

Ardova

7D

9.7%

1Y

12.1%

OANDO

₦3.90

Oando

7D

-1.3%

1Y

-15.2%