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Nigerian (NSE) Energy Sector Analysis

UpdatedDec 22, 2024
DataAggregated Company Financials
Companies6
  • 7D17.3%
  • 3M37.7%
  • 1Y135.2%
  • YTD-3.7%

The Energy industry is up 17% in the last week, with Aradel Holdings up 21%. This takes the industry's 12 month performance to a gain of 135%. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Dec 2024₦3.5t₦2.1t₦192.2b14.5x18.1x1.6x
Tue, 19 Nov 2024₦2.8t₦2.1t₦191.4b11.2x14.7x1.3x
Thu, 17 Oct 2024₦3.7t₦1.5t₦42.0b9.3x89.1x2.5x
Sat, 14 Sep 2024₦391.4b₦1.5t₦42.0b9.3x9.3x0.3x
Mon, 12 Aug 2024₦291.2b₦1.5t₦42.0b7.6x6.9x0.2x
Wed, 10 Jul 2024₦273.1b₦1.3t₦35.8b8.7x7.6x0.2x
Fri, 07 Jun 2024₦233.2b₦1.2t₦34.8b8.9x6.7x0.2x
Sun, 05 May 2024₦229.1b₦1.2t₦34.8b8.6x6.6x0.2x
Tue, 02 Apr 2024₦391.8b₦1.1t₦28.4b9.5x13.8x0.4x
Thu, 29 Feb 2024₦376.6b₦1.1t₦28.5b9.5x13.2x0.4x
Sat, 27 Jan 2024₦481.4b₦1.3t₦10.1b9.9x47.6x0.4x
Mon, 25 Dec 2023₦416.7b₦1.3t₦10.2b9.1x40.8x0.3x
Wed, 22 Nov 2023₦433.0b₦1.3t₦10.2b9.5x42.4x0.3x
Fri, 20 Oct 2023₦390.5b₦1.2t₦9.8b8x39.9x0.3x
Sun, 17 Sep 2023₦417.2b₦1.2t₦9.8b8x42.6x0.3x
Tue, 15 Aug 2023₦374.2b₦1.2t₦9.8b8.1x38.2x0.3x
Thu, 13 Jul 2023₦385.9b₦1.2t₦12.8b10.5x30.2x0.3x
Sat, 10 Jun 2023₦218.8b₦1.2t₦19.3b8.6x11.3x0.2x
Mon, 08 May 2023₦154.3b₦1.2t₦16.8b6.6x9.2x0.1x
Wed, 05 Apr 2023₦216.3b₦1.1t₦16.7b5.5x13x0.2x
Fri, 03 Mar 2023₦222.5b₦1.1t₦16.7b6.6x13.3x0.2x
Sun, 29 Jan 2023₦190.3b₦1.0t₦8.8b5.5x21.5x0.2x
Tue, 27 Dec 2022₦176.8b₦1.0t₦7.0b4.6x25.3x0.2x
Thu, 24 Nov 2022₦170.5b₦1.0t₦7.0b4.6x24.4x0.2x
Sat, 22 Oct 2022₦178.6b₦968.2b₦9.9b7x18x0.2x
Mon, 19 Sep 2022₦198.3b₦968.7b₦9.9b7.5x20.1x0.2x
Wed, 17 Aug 2022₦196.7b₦968.7b₦9.9b7.5x19.9x0.2x
Fri, 15 Jul 2022₦207.1b₦919.4b₦11.1b8.3x18.7x0.2x
Sun, 12 Jun 2022₦220.2b₦897.9b₦12.7b8.9x17.3x0.2x
Tue, 10 May 2022₦212.8b₦898.1b₦12.6b9.8x16.9x0.2x
Thu, 07 Apr 2022₦192.9b₦861.1b₦10.4b9.6x18.6x0.2x
Sat, 05 Mar 2022₦206.4b₦861.1b₦10.4b10.1x19.9x0.2x
Mon, 31 Jan 2022₦196.5b₦833.8b₦18.9b10.9x10.4x0.2x
Wed, 29 Dec 2021₦188.7b₦776.4b₦15.9b7.1x11.9x0.2x
Price to Earnings Ratio

11.9x


Total Market Cap: ₦188.7bTotal Earnings: ₦15.9bTotal Revenue: ₦776.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Energy Sector Price to Earnings3Y Average 20.2x202220232024
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 18.1x which is lower than its 3-year average PE of 20.2x.
  • The 3-year average PS ratio of 0.31x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have grown 130% 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 Market2.47%
Energy17.25%
Oil and Gas17.45%
Energy Services-0.91%
Industry PE
  • Investors are most optimistic about the Oil and Gas industry which is trading above its 3-year average PE ratio of 14.9x.
    • Analysts are expecting annual earnings growth of 33.6%, 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?

CompanyLast Price7D1YValuation
ARADEL Aradel Holdings₦664.0020.7%
+₦495.3b		n/aPE20x
MRS MRS Oil Nigeria₦180.0036.4%
+₦16.5b		71.4%PE9x
ETERNA Eterna₦29.4532.4%
+₦9.4b		145.4%PS0.1x
OANDO Oando₦69.500.9%
+₦7.5b		543.5%PE31.9x
CAVERTON Caverton Offshore Support Group₦2.4021.2%
+₦1.4b		31.9%PS0.2x
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OANDO

₦69.50

Oando

7D

0.9%

1Y

543.5%

MRS

₦180.00

MRS Oil Nigeria

7D

36.4%

1Y

71.4%

ARADEL

₦664.00

Aradel Holdings

7D

20.7%

1Y

n/a

ETERNA

₦29.45

Eterna

7D

32.4%

1Y

145.4%

CAVERTON

₦2.40

Caverton Offshore Support Group

7D

21.2%

1Y

31.9%

JAPAULGOLD

₦2.18

Japaul Gold & Ventures

7D

-0.9%

1Y

24.6%