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Nigerian (NSE) Energy Sector Analysis
UpdatedJun 01, 2025
DataAggregated Company Financials
Companies6
- 7D10.6%
- 3M-1.9%
- 1Y111.1%
- YTD-11.1%
The Energy industry is up 11% in the last week, with Aradel Holdings up 15%. In the same time, Oando was down 6.8%. This takes the industry's 12 month performance to a gain of 111%. Looking forward, earnings are forecast to grow by 28% annually.
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 |
|---|---|---|---|---|---|---|
| Sun, 01 Jun 2025 | ₦2.9t | ₦2.8t | ₦310.8b | 12.1x | 9.3x | 1x |
| Tue, 29 Apr 2025 | ₦2.6t | ₦2.6t | ₦308.2b | 13.2x | 8.3x | 1x |
| Thu, 27 Mar 2025 | ₦2.8t | ₦2.6t | ₦297.5b | 11.7x | 9.3x | 1.1x |
| Sat, 22 Feb 2025 | ₦2.9t | ₦2.6t | ₦297.5b | 13x | 9.7x | 1.1x |
| Mon, 20 Jan 2025 | ₦3.0t | ₦2.1t | ₦192.2b | 13.4x | 15.7x | 1.4x |
| Wed, 18 Dec 2024 | ₦3.3t | ₦2.1t | ₦192.2b | 13.4x | 17.3x | 1.6x |
| Fri, 15 Nov 2024 | ₦2.8t | ₦2.1t | ₦191.4b | 10.8x | 14.6x | 1.3x |
| Sun, 13 Oct 2024 | ₦391.4b | ₦1.5t | ₦42.0b | 9.3x | 9.3x | 0.3x |
| Tue, 10 Sep 2024 | ₦381.7b | ₦1.5t | ₦42.0b | 9.3x | 9.1x | 0.3x |
| Thu, 08 Aug 2024 | ₦291.2b | ₦1.5t | ₦42.0b | 7.6x | 6.9x | 0.2x |
| Sat, 06 Jul 2024 | ₦265.9b | ₦1.3t | ₦35.8b | 8x | 7.4x | 0.2x |
| Mon, 03 Jun 2024 | ₦233.4b | ₦1.2t | ₦34.8b | 8.9x | 6.7x | 0.2x |
| Wed, 01 May 2024 | ₦231.4b | ₦1.2t | ₦34.8b | 8.7x | 6.7x | 0.2x |
| Fri, 29 Mar 2024 | ₦391.8b | ₦1.1t | ₦28.5b | 9.5x | 13.8x | 0.4x |
| Sun, 25 Feb 2024 | ₦393.0b | ₦1.1t | ₦28.5b | 9.5x | 13.8x | 0.4x |
| Tue, 23 Jan 2024 | ₦471.9b | ₦1.3t | ₦10.2b | 9.9x | 46.2x | 0.4x |
| Thu, 21 Dec 2023 | ₦411.6b | ₦1.3t | ₦10.2b | 9.1x | 40.3x | 0.3x |
| Sat, 18 Nov 2023 | ₦431.9b | ₦1.3t | ₦10.2b | 9.5x | 42.4x | 0.3x |
| Mon, 16 Oct 2023 | ₦393.5b | ₦1.2t | ₦9.8b | 8x | 40.2x | 0.3x |
| Wed, 13 Sep 2023 | ₦406.4b | ₦1.2t | ₦9.8b | 8x | 41.5x | 0.3x |
| Fri, 11 Aug 2023 | ₦375.6b | ₦1.2t | ₦9.8b | 8.1x | 38.4x | 0.3x |
| Sun, 09 Jul 2023 | ₦369.6b | ₦1.2t | ₦12.8b | 9.9x | 28.9x | 0.3x |
| Tue, 06 Jun 2023 | ₦210.5b | ₦1.2t | ₦19.3b | 8.3x | 10.9x | 0.2x |
| Thu, 04 May 2023 | ₦150.4b | ₦1.2t | ₦16.8b | 6.2x | 8.9x | 0.1x |
| Sat, 01 Apr 2023 | ₦218.3b | ₦1.1t | ₦16.7b | 5.7x | 13.1x | 0.2x |
| Mon, 27 Feb 2023 | ₦201.3b | ₦1.1t | ₦16.7b | 6x | 12.1x | 0.2x |
| Wed, 25 Jan 2023 | ₦187.0b | ₦1.0t | ₦7.0b | 5.1x | 26.8x | 0.2x |
| Fri, 23 Dec 2022 | ₦176.9b | ₦1.0t | ₦7.0b | 4.6x | 25.3x | 0.2x |
| Sun, 20 Nov 2022 | ₦168.6b | ₦1.0t | ₦7.0b | 4.6x | 24.1x | 0.2x |
| Tue, 18 Oct 2022 | ₦183.9b | ₦968.2b | ₦9.9b | 7.5x | 18.5x | 0.2x |
| Thu, 15 Sep 2022 | ₦198.9b | ₦968.7b | ₦9.9b | 7.5x | 20.1x | 0.2x |
| Sat, 13 Aug 2022 | ₦197.0b | ₦968.7b | ₦9.9b | 7.5x | 19.9x | 0.2x |
| Mon, 11 Jul 2022 | ₦206.9b | ₦919.4b | ₦11.1b | 8.3x | 18.6x | 0.2x |
| Wed, 08 Jun 2022 | ₦220.5b | ₦897.9b | ₦12.7b | 8.9x | 17.3x | 0.2x |
Price to Earnings Ratio
17.3x
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 9.3x which is lower than its 3-year average PE of 19.4x.
- The 3-year average PS ratio of 0.45x is lower than the industry's current PS ratio of 1.0x.
Past Earnings Growth
- The earnings for companies in the Energy industry have grown 190% per year over the last three years.
- Revenues for these companies have grown 46% 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 | 2.34% | |
| Energy | 10.55% | |
| Oil and Gas | 10.70% | |
| Energy Services | -2.50% | |
Industry PE
- Investors are most optimistic about the Energy Services industry which is trading above its 3-year average PE ratio of 7.8x.
- 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 15.0x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas industry, expecting annual earnings growth of 28% 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 28% 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 | |
|---|---|---|---|---|---|
| ARADEL Aradel Holdings | ₦530.00 | 15.2% +₦304.1b | n/a | PE8.5x | |
| CAVERTON Caverton Offshore Support Group | ₦4.20 | 10.5% +₦1.3b | 208.8% | PS0.4x |