Nigerian (NSE) Utilities Sector Analysis

Sector Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Wed, 19 Feb 2025	₦6.2t	₦809.7b	₦154.1b	34.2x	40.3x	7.7x
Fri, 17 Jan 2025	₦5.8t	₦783.6b	₦143.7b	35.6x	40.4x	7.4x
Sun, 15 Dec 2024	₦6.0t	₦783.6b	₦143.7b	39.6x	41.9x	7.7x
Tue, 12 Nov 2024	₦6.0t	₦783.6b	₦143.7b	39.6x	41.8x	7.7x
Thu, 10 Oct 2024	₦5.6t	₦640.8b	₦122.4b	40.4x	45.6x	8.7x
Sat, 07 Sep 2024	₦5.5t	₦640.8b	₦122.4b	44.9x	44.7x	8.5x
Mon, 05 Aug 2024	₦5.8t	₦640.8b	₦122.4b	50.1x	47x	9x
Wed, 03 Jul 2024	₦5.8t	₦511.4b	₦103.9b	92.7x	56.1x	11.4x
Fri, 31 May 2024	₦5.8t	₦369.2b	₦73.7b	51.4x	78.4x	15.6x
Sun, 28 Apr 2024	₦5.9t	₦313.1b	₦49.9b	58.8x	117.7x	18.8x
Tue, 26 Mar 2024	₦5.9t	₦276.9b	₦39.0b	90.4x	151.8x	21.4x
Thu, 22 Feb 2024	₦3.0t	₦276.9b	₦39.0b	88.1x	76.6x	10.8x
Sat, 20 Jan 2024	₦1.9t	₦230.9b	₦25.2b	78.8x	76.8x	8.4x
Mon, 18 Dec 2023	₦1.3t	₦230.9b	₦25.2b	53.7x	50.9x	5.5x
Wed, 15 Nov 2023	₦1.2t	₦230.9b	₦25.2b	52.1x	49.2x	5.4x
Fri, 13 Oct 2023	₦1.1t	₦202.5b	₦22.1b	56.4x	50x	5.5x
Sun, 10 Sep 2023	₦1.1t	₦202.5b	₦22.1b	57x	50.7x	5.5x
Tue, 08 Aug 2023	₦1.0t	₦202.5b	₦22.1b	53.1x	45.8x	5x
Thu, 06 Jul 2023	₦891.5b	₦179.0b	₦15.0b	56.6x	59.6x	5x
Sat, 03 Jun 2023	₦908.3b	₦179.0b	₦15.0b	56.6x	60.7x	5.1x
Mon, 01 May 2023	₦921.7b	₦183.3b	₦16.9b	48.2x	54.5x	5x
Wed, 29 Mar 2023	₦864.4b	₦169.5b	₦25.9b	41.5x	33.4x	5.1x
Fri, 24 Feb 2023	₦688.3b	₦169.5b	₦25.9b	33x	26.6x	4.1x
Sun, 22 Jan 2023	₦397.0b	₦177.5b	₦35.0b	10.6x	11.3x	2.2x
Tue, 20 Dec 2022	₦311.3b	₦177.5b	₦35.0b	8.4x	8.9x	1.8x
Thu, 17 Nov 2022	₦370.2b	₦121.9b	₦15.7b	2.8x	23.5x	3x
Sat, 15 Oct 2022	₦317.7b	₦120.8b	₦16.6b	2.6x	19.1x	2.6x
Mon, 12 Sep 2022	₦43.5b	₦120.8b	₦16.6b	2.6x	2.6x	0.4x
Wed, 10 Aug 2022	₦45.5b	₦106.5b	₦7.7b	5.9x	5.9x	0.4x
Fri, 08 Jul 2022	₦52.0b	₦106.5b	₦7.7b	6.8x	6.8x	0.5x
Sun, 05 Jun 2022	₦51.6b	₦111.2b	₦14.0b	3.7x	3.7x	0.5x
Tue, 03 May 2022	₦48.4b	₦111.2b	₦14.0b	3.5x	3.5x	0.4x
Thu, 31 Mar 2022	₦41.1b	₦111.2b	₦14.0b	2.9x	2.9x	0.4x
Sat, 26 Feb 2022	₦51.2b	₦106.5b	₦7.7b	6.7x	6.7x	0.5x

Current Industry PE

There are only 3 companies in the Nigerian Utilities industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.

Past Earnings Growth

The earnings for companies in the Utilities industry have grown 172% per year over the last three years.
Revenues for these companies have grown 97% 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 Utilities sector?


NG Market	1.03%
Utilities	1.70%
Electric Utilities	2.06%
Gas Utilities	0%	0
Other Utilities	0%	0
Water Utilities	0%	0
Renewable Energy	-1.50%

Industry PE

Investors are most optimistic about the Electric Utilities industry even though it's trading below its 3-year average PE ratio of 88.8x.

It looks like they are confident that earnings will grow faster in the future than they have historically.

Investors are most pessimistic about the Renewable Energy industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 11.7x.

Forecasted GrowthThere is insufficient data on the sub-industries of this industry.

	Company	Last Price	7D	1Y	Valuation
	TRANSPOWER Transcorp Power	₦364.90	4.3% +₦113.3b	n/a	PE34.2x

Company

Last Price

Valuation

TRANSPOWER Transcorp Power

₦364.90

4.3%
+₦113.3b

n/a

PE34.2x

Investor sentiment improves as stock rises 15%

Feb 12

Nigerian (NSE) Utilities Sector Analysis

Sector Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Less than half of directors are independent

Investor sentiment improves as stock rises 15%