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Norwegian (OSEAX) Utilities Sector Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies10
- 7D-0.9%
- 3M-1.4%
- 1Y14.2%
- YTD0.5%
Over the last 7 days, the Utilities industry has dropped 1.4%, driven by a pullback from Cloudberry Clean Energy of 6.4%. In the past year, the industry has gained 16%. As for the next few years, earnings are forecast to decline by 18% per annum.
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 |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | NOK 21.8b | NOK 19.3b | NOK 2.2b | 10.3x | 9.9x | 1.1x |
| Sat, 19 Oct 2024 | NOK 22.1b | NOK 19.9b | NOK 562.8m | 17.4x | 39.3x | 1.1x |
| Mon, 16 Sep 2024 | NOK 21.0b | NOK 19.7b | NOK 270.3m | 29.9x | 77.5x | 1.1x |
| Wed, 14 Aug 2024 | NOK 21.2b | NOK 20.9b | NOK 797.3m | 20.3x | 26.6x | 1x |
| Fri, 12 Jul 2024 | NOK 23.1b | NOK 20.9b | NOK 1.0b | 19x | 22.8x | 1.1x |
| Sun, 09 Jun 2024 | NOK 20.8b | NOK 20.9b | NOK 835.8m | 18.5x | 24.9x | 1x |
| Tue, 07 May 2024 | NOK 19.2b | NOK 23.5b | NOK 930.5m | 18x | 20.7x | 0.8x |
| Thu, 04 Apr 2024 | NOK 18.0b | NOK 23.1b | NOK 864.3m | 17.4x | 20.8x | 0.8x |
| Sat, 02 Mar 2024 | NOK 17.8b | NOK 23.3b | NOK 784.2m | 17.1x | 22.7x | 0.8x |
| Mon, 29 Jan 2024 | NOK 19.7b | NOK 26.8b | NOK 22.1m | 33x | 891.2x | 0.7x |
| Wed, 27 Dec 2023 | NOK 19.9b | NOK 26.8b | NOK 23.9m | 30.7x | 831.9x | 0.7x |
| Fri, 24 Nov 2023 | NOK 17.3b | NOK 26.8b | NOK 9.8m | 25.1x | 1763.6x | 0.6x |
| Sun, 22 Oct 2023 | NOK 15.7b | NOK 30.4b | NOK 273.3m | 267.2x | 57.4x | 0.5x |
| Tue, 19 Sep 2023 | NOK 17.2b | NOK 30.4b | NOK 275.3m | 308.5x | 62.3x | 0.6x |
| Thu, 17 Aug 2023 | NOK 18.8b | NOK 31.2b | -NOK 30,747,447.00 | 16.4x | -612.6x | 0.6x |
| Sat, 15 Jul 2023 | NOK 19.1b | NOK 31.0b | -NOK 296,556,102.00 | 24.9x | -64.5x | 0.6x |
| Mon, 12 Jun 2023 | NOK 19.8b | NOK 30.9b | -NOK 304,328,113.00 | 23.1x | -65.1x | 0.6x |
| Wed, 10 May 2023 | NOK 17.0b | NOK 29.5b | -NOK 455,449,581.00 | 26.5x | -37.3x | 0.6x |
| Fri, 07 Apr 2023 | NOK 17.9b | NOK 29.8b | -NOK 1,414,534,104.00 | 26.3x | -12.6x | 0.6x |
| Sun, 05 Mar 2023 | NOK 17.3b | NOK 29.8b | -NOK 1,389,766,871.00 | 24.7x | -12.5x | 0.6x |
| Tue, 31 Jan 2023 | NOK 19.8b | NOK 27.6b | -NOK 719,963,888.00 | 31.6x | -27.5x | 0.7x |
| Thu, 29 Dec 2022 | NOK 19.2b | NOK 27.6b | -NOK 716,162,600.00 | 32.7x | -26.8x | 0.7x |
| Sat, 26 Nov 2022 | NOK 20.9b | NOK 27.5b | -NOK 704,093,580.00 | 37x | -29.7x | 0.8x |
| Mon, 24 Oct 2022 | NOK 18.1b | NOK 23.5b | -NOK 881,813,206.00 | 5.6x | -20.6x | 0.8x |
| Wed, 21 Sep 2022 | NOK 22.0b | NOK 23.5b | -NOK 880,351,086.00 | 6.2x | -25x | 0.9x |
| Fri, 19 Aug 2022 | NOK 25.5b | NOK 21.7b | -NOK 890,173,961.00 | 7.5x | -28.6x | 1.2x |
| Sun, 17 Jul 2022 | NOK 23.3b | NOK 21.6b | -NOK 622,879,385.00 | 11x | -37.3x | 1.1x |
| Tue, 14 Jun 2022 | NOK 21.1b | NOK 21.6b | -NOK 596,729,321.00 | 11.3x | -35.4x | 1x |
| Thu, 12 May 2022 | NOK 23.0b | NOK 21.4b | -NOK 532,991,749.00 | 7.6x | -43.1x | 1.1x |
| Sat, 09 Apr 2022 | NOK 31.1b | NOK 18.7b | NOK 650.8m | 8.9x | 47.9x | 1.7x |
| Mon, 07 Mar 2022 | NOK 37.2b | NOK 18.7b | NOK 664.8m | 11.4x | 55.9x | 2x |
| Wed, 02 Feb 2022 | NOK 41.9b | NOK 14.0b | -NOK 14,997,112.00 | 9.9x | -2791.5x | 3x |
| Fri, 31 Dec 2021 | NOK 56.1b | NOK 14.0b | NOK 4.9m | 11.8x | 11446.1x | 4x |
| Sun, 28 Nov 2021 | NOK 58.0b | NOK 14.0b | NOK 15.8m | 15.6x | 3669.7x | 4.1x |
Price to Earnings Ratio
3669.7x
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 10.0x which is lower than its 3-year average PE of 363x.
- The industry is trading close to its 3-year average PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have grown 418% per year over the last three years.
- Revenues for these companies have grown 11% 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 Norwegian Utilities sector?
| NO Market | 3.06% | |
| Utilities | -0.94% | |
| Electric Utilities | 1.16% | |
| Gas Utilities | 0% | |
| Other Utilities | 0% | |
| Water Utilities | 0% | |
| Renewable Energy | -1.44% | |
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 17.1%, 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 42.3x.
Forecasted Growth
- Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 17% over the next 5 years.
- 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ELMRA Elmera Group | NOK 37.95 | 1.2% +NOK 49.1m | 57.9% | PE17.5x | |
| EAM EAM Solar | NOK 0.17 | 28.0% +NOK 25.0m | -99.2% | PS1.8x | |
| ALT Alternus Energy Group | NOK 0.40 | 19.4% +NOK 5.7m | -95.0% | PS0.2x | |
| AEGA Aega | NOK 0.38 | 0.5% +NOK 47.6k | -77.5% | PS0.2x |