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Norwegian (OSEAX) Utilities Sector Analysis
UpdatedDec 22, 2024
DataAggregated Company Financials
Companies10
- 7D-0.7%
- 3M0.4%
- 1Y2.4%
- YTD3.2%
Over the last 7 days, the Utilities industry has remained flat, although notably Magnora gained 7.9%. In line with that, the industry has also been flat over the past 12 months. In the next few years, earnings are forecast to decline by 18% annually.
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 |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | NOK 22.4b | NOK 19.3b | NOK 2.2b | 9.6x | 10.2x | 1.2x |
| Tue, 19 Nov 2024 | NOK 22.2b | NOK 19.3b | NOK 2.2b | 10.4x | 10.1x | 1.1x |
| Thu, 17 Oct 2024 | NOK 21.9b | NOK 19.9b | NOK 562.9m | 17.4x | 38.9x | 1.1x |
| Sat, 14 Sep 2024 | NOK 21.0b | NOK 19.7b | NOK 270.3m | 29.9x | 77.5x | 1.1x |
| Mon, 12 Aug 2024 | NOK 21.4b | NOK 20.9b | NOK 796.5m | 20.4x | 26.9x | 1x |
| Wed, 10 Jul 2024 | NOK 22.6b | NOK 20.9b | NOK 1.0b | 18.4x | 22.2x | 1.1x |
| Fri, 07 Jun 2024 | NOK 21.1b | NOK 20.9b | NOK 836.4m | 18.7x | 25.2x | 1x |
| Sun, 05 May 2024 | NOK 19.1b | NOK 23.5b | NOK 930.1m | 17.9x | 20.5x | 0.8x |
| Tue, 02 Apr 2024 | NOK 18.7b | NOK 23.1b | NOK 879.6m | 18.3x | 21.2x | 0.8x |
| Thu, 29 Feb 2024 | NOK 17.0b | NOK 23.3b | NOK 788.7m | 16.2x | 21.6x | 0.7x |
| Sat, 27 Jan 2024 | NOK 19.7b | NOK 28.2b | NOK 826.1m | 19.7x | 23.9x | 0.7x |
| Mon, 25 Dec 2023 | NOK 19.9b | NOK 26.8b | NOK 23.8m | 30.7x | 835.4x | 0.7x |
| Wed, 22 Nov 2023 | NOK 17.4b | NOK 26.8b | NOK 10.7m | 25.2x | 1627.8x | 0.7x |
| Fri, 20 Oct 2023 | NOK 15.9b | NOK 30.4b | NOK 273.6m | 274.2x | 58.2x | 0.5x |
| Sun, 17 Sep 2023 | NOK 17.3b | NOK 30.4b | NOK 275.7m | 306.9x | 62.6x | 0.6x |
| Tue, 15 Aug 2023 | NOK 18.8b | NOK 31.0b | -NOK 319,717,704.00 | 19.9x | -58.8x | 0.6x |
| Thu, 13 Jul 2023 | NOK 18.7b | NOK 31.0b | -NOK 297,094,513.00 | 25.6x | -63.1x | 0.6x |
| Sat, 10 Jun 2023 | NOK 19.8b | NOK 30.9b | -NOK 304,326,655.00 | 23.1x | -65.1x | 0.6x |
| Mon, 08 May 2023 | NOK 17.9b | NOK 29.5b | -NOK 455,551,738.00 | 25.5x | -39.3x | 0.6x |
| Wed, 05 Apr 2023 | NOK 18.0b | NOK 29.8b | -NOK 1,412,654,292.00 | 26.6x | -12.7x | 0.6x |
| Fri, 03 Mar 2023 | NOK 17.1b | NOK 29.8b | -NOK 1,392,891,711.00 | 24.2x | -12.2x | 0.6x |
| Sun, 29 Jan 2023 | NOK 20.4b | NOK 27.6b | -NOK 718,869,025.00 | 31.9x | -28.3x | 0.7x |
| Tue, 27 Dec 2022 | NOK 19.8b | NOK 27.6b | -NOK 715,832,855.00 | 32.5x | -27.6x | 0.7x |
| Thu, 24 Nov 2022 | NOK 20.7b | NOK 27.5b | -NOK 691,170,441.00 | 36.4x | -30x | 0.8x |
| Sat, 22 Oct 2022 | NOK 18.1b | NOK 23.5b | -NOK 881,813,206.00 | 5.6x | -20.6x | 0.8x |
| Mon, 19 Sep 2022 | NOK 23.7b | NOK 23.5b | -NOK 879,124,204.00 | 6.3x | -26.9x | 1x |
| Wed, 17 Aug 2022 | NOK 25.8b | NOK 21.6b | -NOK 810,731,925.00 | 12.1x | -31.9x | 1.2x |
| Fri, 15 Jul 2022 | NOK 22.8b | NOK 21.6b | -NOK 623,452,674.00 | 10.9x | -36.5x | 1.1x |
| Sun, 12 Jun 2022 | NOK 22.0b | NOK 21.6b | -NOK 595,765,596.00 | 11.6x | -37x | 1x |
| Tue, 10 May 2022 | NOK 23.1b | NOK 18.3b | -NOK 533,315,376.00 | 7.6x | -43.3x | 1.3x |
| Thu, 07 Apr 2022 | NOK 31.7b | NOK 18.7b | NOK 649.8m | 10.4x | 48.8x | 1.7x |
| Sat, 05 Mar 2022 | NOK 37.2b | NOK 18.7b | NOK 664.8m | 11.4x | 55.9x | 2x |
| Mon, 31 Jan 2022 | NOK 41.0b | NOK 14.0b | -NOK 15,158,799.00 | 9.7x | -2704.7x | 2.9x |
| Wed, 29 Dec 2021 | NOK 55.6b | NOK 14.0b | NOK 4.8m | 11.8x | 11678.7x | 4x |
Price to Earnings Ratio
11678.7x
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 10.2x which is lower than its 3-year average PE of 173x.
- The 3-year average PS ratio of 1.0x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have grown 653% 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 | -2.76% | |
| Utilities | -0.66% | |
| Gas Utilities | 0% | |
| Other Utilities | 0% | |
| Water Utilities | 0% | |
| Renewable Energy | -0.23% | |
| Electric Utilities | -2.44% | |
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 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 47.0x.
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 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 | |
|---|---|---|---|---|---|
| MGN Magnora | NOK 27.85 | 7.9% +NOK 132.4m | -11.3% | PE6.2x | |
| CLOUD Cloudberry Clean Energy | NOK 12.12 | 1.0% +NOK 34.6m | 15.6% | PS9.1x | |
| MPCES MPC Energy Solutions | NOK 9.54 | 2.6% +NOK 5.3m | -11.3% | PS1.7x | |
| NSOL Norsk Renewables | NOK 0.29 | 9.1% +NOK 5.0m | -81.8% | PS2.6x | |
| ENERG Energeia | NOK 0.63 | 5.9% +NOK 4.1m | -62.9% | PS1.1x |