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Norwegian (OSEAX) Utilities Sector Analysis
UpdatedJan 21, 2025
DataAggregated Company Financials
Companies10
- 7D3.1%
- 3M-2.2%
- 1Y14.1%
- YTD-2.8%
Over the last 7 days, the Utilities industry has remained flat, although notably Scatec gained 3.4%. The past year has been better, since the industry has gained 14% in that time. Looking forward, earnings are forecast to decline by 17% per year.
Sector Valuation and Performance
Has the Norwegian Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 21 Jan 2025 | NOK 22.3b | NOK 19.3b | NOK 2.2b | 10.1x | 10.2x | 1.2x |
| Thu, 19 Dec 2024 | NOK 22.5b | NOK 19.3b | NOK 2.2b | 9.8x | 10.2x | 1.2x |
| Sat, 16 Nov 2024 | NOK 22.6b | NOK 19.3b | NOK 2.2b | 10.8x | 10.3x | 1.2x |
| Mon, 14 Oct 2024 | NOK 20.7b | NOK 19.7b | NOK 270.2m | 30.3x | 76.5x | 1x |
| Wed, 11 Sep 2024 | NOK 20.1b | NOK 19.7b | NOK 268.0m | 27.6x | 74.8x | 1x |
| Fri, 09 Aug 2024 | NOK 21.3b | NOK 20.9b | NOK 796.0m | 20.4x | 26.8x | 1x |
| Sun, 07 Jul 2024 | NOK 22.6b | NOK 20.9b | NOK 1.0b | 18.5x | 22.2x | 1.1x |
| Tue, 04 Jun 2024 | NOK 20.8b | NOK 20.8b | NOK 934.7m | 17.5x | 22.3x | 1x |
| Thu, 02 May 2024 | NOK 19.8b | NOK 23.5b | NOK 911.4m | 18.8x | 21.8x | 0.8x |
| Sat, 30 Mar 2024 | NOK 18.7b | NOK 23.1b | NOK 894.7m | 18.3x | 20.9x | 0.8x |
| Mon, 26 Feb 2024 | NOK 17.2b | NOK 23.3b | NOK 789.3m | 16.9x | 21.8x | 0.7x |
| Wed, 24 Jan 2024 | NOK 18.4b | NOK 26.8b | NOK 21.1m | 31.4x | 872.9x | 0.7x |
| Fri, 22 Dec 2023 | NOK 20.0b | NOK 26.8b | NOK 23.0m | 30.1x | 868.9x | 0.7x |
| Sun, 19 Nov 2023 | NOK 17.4b | NOK 26.8b | NOK 9.2m | 25.8x | 1901.2x | 0.7x |
| Tue, 17 Oct 2023 | NOK 15.6b | NOK 30.4b | NOK 274.5m | 260.4x | 56.7x | 0.5x |
| Thu, 14 Sep 2023 | NOK 17.1b | NOK 30.4b | NOK 276.1m | 304x | 61.8x | 0.6x |
| Sat, 12 Aug 2023 | NOK 19.3b | NOK 31.0b | -NOK 319,514,811.00 | 20.2x | -60.4x | 0.6x |
| Mon, 10 Jul 2023 | NOK 18.5b | NOK 31.0b | -NOK 300,634,113.00 | 25.7x | -61.5x | 0.6x |
| Wed, 07 Jun 2023 | NOK 19.0b | NOK 30.9b | -NOK 306,580,329.00 | 21.7x | -62x | 0.6x |
| Fri, 05 May 2023 | NOK 16.3b | NOK 29.4b | -NOK 1,427,016,663.00 | 24.4x | -11.4x | 0.6x |
| Sun, 02 Apr 2023 | NOK 17.3b | NOK 29.8b | -NOK 1,414,228,103.00 | 26.4x | -12.3x | 0.6x |
| Tue, 28 Feb 2023 | NOK 17.7b | NOK 29.8b | -NOK 1,391,321,579.00 | 24.3x | -12.8x | 0.6x |
| Thu, 26 Jan 2023 | NOK 20.2b | NOK 27.6b | -NOK 719,873,683.00 | 32x | -28.1x | 0.7x |
| Sat, 24 Dec 2022 | NOK 19.8b | NOK 27.6b | -NOK 715,836,012.00 | 32.5x | -27.6x | 0.7x |
| Mon, 21 Nov 2022 | NOK 21.8b | NOK 27.5b | -NOK 693,940,953.00 | 36.8x | -31.4x | 0.8x |
| Wed, 19 Oct 2022 | NOK 18.7b | NOK 23.5b | -NOK 882,230,724.00 | 5.7x | -21.2x | 0.8x |
| Fri, 16 Sep 2022 | NOK 24.6b | NOK 23.4b | -NOK 867,486,007.00 | 6.6x | -28.4x | 1.1x |
| Sun, 14 Aug 2022 | NOK 26.1b | NOK 21.6b | -NOK 810,371,084.00 | 11.7x | -32.1x | 1.2x |
| Tue, 12 Jul 2022 | NOK 23.7b | NOK 21.6b | -NOK 622,961,499.00 | 10.5x | -38x | 1.1x |
| Thu, 09 Jun 2022 | NOK 22.9b | NOK 21.6b | -NOK 605,024,095.00 | 12.6x | -37.9x | 1.1x |
| Sat, 07 May 2022 | NOK 23.2b | NOK 21.3b | -NOK 533,540,261.00 | 7.6x | -43.5x | 1.1x |
| Mon, 04 Apr 2022 | NOK 31.5b | NOK 18.7b | NOK 650.4m | 11.4x | 48.4x | 1.7x |
| Wed, 02 Mar 2022 | NOK 40.7b | NOK 18.7b | NOK 687.8m | 12x | 59.2x | 2.2x |
| Fri, 28 Jan 2022 | NOK 41.4b | NOK 14.0b | -NOK 15,436,498.00 | 10.1x | -2684.6x | 3x |
Price to Earnings Ratio
-2684.6x
Current Industry PE
- Investors are pessimistic on the Norwegian Utilities 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 10.1x which is lower than its 3-year average PE of 41.4x.
- The 3-year average PS ratio of 0.96x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- Total earnings for the Utilities industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 11% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Norwegian Utilities sector?
| NO Market | 0.11% | |
| Utilities | 3.13% | |
| Renewable Energy | 3.35% | |
| Electric Utilities | 2.21% | |
| Gas Utilities | 0% | 0 |
| Other Utilities | 0% | 0 |
| Water Utilities | 0% | 0 |
Industry PE
- Investors are most optimistic about the Electric Utilities industry which is trading above its 3-year average PE ratio of 1.3x.
- Analysts are expecting annual earnings growth of 13.9%, which is lower than the prior year's growth of 293.5% per year.
- Investors are most pessimistic about the Renewable Energy industry, which is trading below its 3-year average of 51.3x.
Forecasted Growth
- Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 14% over the next 5 years.
- In contrast, the Renewable Energy industry is expected to see its earnings decline by 24% 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 | |
|---|---|---|---|---|---|
| SCATC Scatec | NOK 78.80 | 4.4% +NOK 524.8m | 17.3% | PE6.6x | |
| ELMRA Elmera Group | NOK 37.65 | 2.2% +NOK 87.3m | 26.8% | PE17.4x | |
| MGN Magnora | NOK 26.55 | 4.7% +NOK 76.8m | -11.6% | PE5.9x | |
| CLOUD Cloudberry Clean Energy | NOK 12.14 | 0.5% +NOK 17.3m | 22.5% | PS9.1x | |
| SKAND Skandia GreenPower | NOK 1.10 | 3.3% +NOK 4.2m | 83.1% | PE13.5x |