Header cover image

Norwegian (OSEAX) Utilities Sector Analysis

UpdatedSep 24, 2023
DataAggregated Company Financials
Companies10
  • 7D-0.9%
  • 3M-4.8%
  • 1Y-21.3%
  • YTD-11.5%

In the last week, Utilities has been flat. Unfortunately though, the industry is down 21% over the past 12 months. Looking forward, earnings are forecast to decline by 13% per year.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 25 Sep 2023kr17.0bkr30.4bkr276.0m301.9x61.7x0.6x
Wed, 23 Aug 2023kr17.4bkr30.5bkr288.2m323.5x60.3x0.6x
Fri, 21 Jul 2023kr19.9bkr31.0b-kr296,940,303.0025.7x-67x0.6x
Sun, 18 Jun 2023kr18.6bkr30.9b-kr303,933,391.0022.9x-61.1x0.6x
Tue, 16 May 2023kr18.5bkr30.9b-kr325,848,692.0021x-56.8x0.6x
Thu, 13 Apr 2023kr18.6bkr29.8b-kr1,415,672,690.0026.6x-13.1x0.6x
Sat, 11 Mar 2023kr16.1bkr29.8b-kr1,393,609,411.0023.5x-11.5x0.5x
Mon, 06 Feb 2023kr20.0bkr28.3b-kr1,228,609,639.0031.6x-16.3x0.7x
Wed, 04 Jan 2023kr19.7bkr27.6b-kr718,252,203.0032.9x-27.4x0.7x
Fri, 02 Dec 2022kr21.7bkr27.5b-kr712,555,963.0036.8x-30.4x0.8x
Sun, 30 Oct 2022kr18.4bkr23.6b-kr814,996,700.0034.1x-22.5x0.8x
Tue, 27 Sep 2022kr21.3bkr23.5b-kr882,290,031.005.7x-24.1x0.9x
Thu, 25 Aug 2022kr25.3bkr23.3b-kr868,379,174.008.4x-29.2x1.1x
Sat, 23 Jul 2022kr23.7bkr21.6b-kr622,179,530.0010.9x-38.1x1.1x
Mon, 20 Jun 2022kr21.2bkr21.6b-kr622,652,248.0010.4x-34x1x
Wed, 18 May 2022kr22.8bkr21.4b-kr534,544,465.007.3x-42.7x1.1x
Fri, 15 Apr 2022kr29.8bkr18.7bkr649.6m9x45.9x1.6x
Sun, 13 Mar 2022kr43.7bkr18.7bkr665.0m10.9x65.7x2.3x
Tue, 08 Feb 2022kr39.5bkr14.1bkr688.9m12.8x57.3x2.8x
Thu, 06 Jan 2022kr57.3bkr14.0bkr5.2m11.5x10914.6x4.1x
Sat, 04 Dec 2021kr54.2bkr14.0bkr6.6m10.7x8242.9x3.9x
Mon, 01 Nov 2021kr57.4bkr12.5b-kr57,488,554.0022.1x-998.1x4.6x
Wed, 29 Sep 2021kr58.3bkr11.9b-kr239,341,153.0029.2x-243.4x4.9x
Fri, 27 Aug 2021kr57.0bkr11.9b-kr239,536,153.3526.2x-237.9x4.8x
Sat, 03 Jul 2021kr64.3bkr11.9b-kr239,536,153.3524.6x-268.6x5.4x
Tue, 06 Apr 2021kr71.5bkr10.0b-kr437,542,358.9222.8x-163.4x7.2x
Fri, 08 Jan 2021kr65.8bkr7.0b-kr115,572,365.1023.9x-569.5x9.4x
Thu, 01 Oct 2020kr41.0bkr7.3bkr506.7m58.4x80.9x5.6x
Price to Earnings Ratio

80.9x


Total Market Cap: kr41.0bTotal Earnings: kr506.7mTotal Revenue: kr7.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Utilities Sector Price to Earnings3Y Average 180.8x202120222023
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 61.7x which is lower than its 3-year average PE of 181x.
  • The 3-year average PS ratio of 3.3x is higher than the industry's current PS ratio of 0.56x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have declined 18% per year over the last three years.
  • Meanwhile revenues for these companies have grown 61% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Norwegian Utilities sector?

NO Market-0.11%
Utilities-0.90%
Electric Utilities4.66%
Gas Utilities0%
Other Utilities0%
Water Utilities0%
Renewable Energy-1.98%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 21.9x.
    • Analysts are expecting annual earnings decline of 0 so the market might believe that analysts are underestimating future growth.
Forecasted Growth
  • Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 52% over the next 5 years.
  • This is better than its past earnings decline of 96% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings decline by 26% 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
ELMRA Elmera Groupkr24.461.9%
+kr50.0m
59.8%PE380.7x
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

CLOUD

kr10.20

Cloudberry Clean Energy

7D

-2.5%

1Y

-33.7%

AEGA

kr1.85

Aega

7D

-8.4%

1Y

-42.4%

ENERG

kr1.31

Energeia

7D

-3.7%

1Y

n/a

NSOL

kr1.58

Norsk Solar

7D

-8.9%

1Y

-64.2%

SCATC

kr66.50

Scatec

7D

-1.6%

1Y

-24.9%

ELMRA

kr24.46

Elmera Group

7D

1.9%

1Y

59.8%

EAM

kr7.30

EAM Solar

7D

-13.5%

1Y

-5.2%

MPCES

kr9.76

MPC Energy Solutions

7D

-2.2%

1Y

-34.9%

ALT

kr7.82

Alternus Energy Group

7D

-7.6%

1Y

-59.7%