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Apr 18
Norwegian (OSEAX) Utilities Sector Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies9
- 7D0.8%
- 3M-8.6%
- 1Y6.5%
- YTD-8.6%
The Utilities industry has stayed flat over the last week. The past year has been better, since the industry has gained 6.5% in that time. Looking forward, earnings are forecast to decline by 11% 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 |
|---|---|---|---|---|---|---|
| Fri, 26 Apr 2024 | kr18.0b | kr23.1b | kr861.8m | 17.9x | 20.9x | 0.8x |
| Sun, 24 Mar 2024 | kr18.5b | kr23.1b | kr895.8m | 18.5x | 20.6x | 0.8x |
| Tue, 20 Feb 2024 | kr18.1b | kr23.3b | kr790.0m | 16.9x | 22.9x | 0.8x |
| Thu, 18 Jan 2024 | kr17.8b | kr26.8b | kr21.0m | 29.6x | 849.2x | 0.7x |
| Sat, 16 Dec 2023 | kr19.4b | kr26.8b | kr21.5m | 27.9x | 900.1x | 0.7x |
| Mon, 13 Nov 2023 | kr16.3b | kr26.8b | kr17.5m | 24.9x | 928.8x | 0.6x |
| Wed, 11 Oct 2023 | kr15.6b | kr30.4b | kr275.8m | 258.8x | 56.5x | 0.5x |
| Fri, 08 Sep 2023 | kr16.9b | kr30.4b | kr276.3m | 306.5x | 61.1x | 0.6x |
| Sun, 06 Aug 2023 | kr19.1b | kr31.0b | -kr317,145,663.00 | 19.7x | -60.1x | 0.6x |
| Tue, 04 Jul 2023 | kr18.2b | kr30.9b | -kr304,791,861.00 | 21.1x | -59.7x | 0.6x |
| Thu, 01 Jun 2023 | kr18.7b | kr30.9b | -kr315,541,449.00 | 21.4x | -59.3x | 0.6x |
| Sat, 29 Apr 2023 | kr17.1b | kr29.4b | -kr1,329,911,892.00 | 26.1x | -12.8x | 0.6x |
| Mon, 27 Mar 2023 | kr15.9b | kr29.8b | -kr1,393,216,579.00 | 23.9x | -11.4x | 0.5x |
| Wed, 22 Feb 2023 | kr17.9b | kr29.8b | -kr1,391,010,282.00 | 23.8x | -12.9x | 0.6x |
| Fri, 20 Jan 2023 | kr19.8b | kr27.6b | -kr718,855,065.00 | 31.9x | -27.5x | 0.7x |
| Sun, 18 Dec 2022 | kr20.7b | kr27.6b | -kr715,900,958.00 | 36.1x | -28.9x | 0.8x |
| Tue, 15 Nov 2022 | kr22.3b | kr27.5b | -kr699,204,150.00 | 38.4x | -31.9x | 0.8x |
| Thu, 13 Oct 2022 | kr17.6b | kr23.5b | -kr882,999,465.00 | 5.5x | -20x | 0.7x |
| Sat, 10 Sep 2022 | kr25.1b | kr23.3b | -kr864,772,659.00 | 6.6x | -29x | 1.1x |
| Mon, 08 Aug 2022 | kr26.2b | kr21.6b | -kr811,474,495.00 | 11.7x | -32.3x | 1.2x |
| Wed, 06 Jul 2022 | kr21.5b | kr21.6b | -kr622,799,103.00 | 11x | -34.6x | 1x |
| Fri, 03 Jun 2022 | kr23.3b | kr21.6b | -kr596,449,458.00 | 13.1x | -39x | 1.1x |
| Sun, 01 May 2022 | kr26.7b | kr18.7b | kr649.7m | 7.1x | 41.1x | 1.4x |
| Tue, 29 Mar 2022 | kr45.5b | kr18.7b | kr650.0m | 11.1x | 70x | 2.4x |
| Thu, 24 Feb 2022 | kr37.6b | kr18.7b | kr684.8m | 12x | 55x | 2x |
| Sat, 22 Jan 2022 | kr45.6b | kr14.0b | -kr16,419,575.00 | 10.3x | -2777.6x | 3.3x |
| Mon, 20 Dec 2021 | kr53.6b | kr14.0b | kr6.0m | 10.9x | 8863.2x | 3.8x |
| Wed, 17 Nov 2021 | kr60.5b | kr13.9b | -kr81,071,840.00 | 28.6x | -746.3x | 4.4x |
| Fri, 15 Oct 2021 | kr54.4b | kr11.9b | -kr238,713,473.00 | 24.2x | -228x | 4.6x |
| Sun, 12 Sep 2021 | kr57.1b | kr11.9b | -kr239,536,153.35 | 27.3x | -238.3x | 4.8x |
| Tue, 10 Aug 2021 | kr57.6b | kr11.9b | -kr239,536,153.35 | 26x | -240.6x | 4.8x |
| Mon, 03 May 2021 | kr65.1b | kr10.0b | -kr437,542,358.92 | 20.4x | -148.8x | 6.5x |
Price to Earnings Ratio
-148.8x
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 20.9x which is lower than its 3-year average PE of 308x.
- The 3-year average PS ratio of 1.9x is higher than the industry's current PS ratio of 0.78x.
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 32% 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 | 0.94% | |
| Utilities | 0.84% | |
| Renewable Energy | 1.59% | |
| Gas Utilities | 0% | |
| Other Utilities | 0% | |
| Water Utilities | 0% | |
| Electric Utilities | -2.08% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings decline of 18.3%, which is lower than the prior year's growth of 130.5% per year.
- Investors are most pessimistic about the Electric Utilities industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 1.5x.
Forecasted Growth
- Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 17% over the next 5 years.
- However this is lower than its past earnings growth rate of 160% per year.
- In contrast, the Renewable Energy industry is expected to see its earnings decline by 18% 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 | kr70.80 | 6.1% +kr651.6m | 1.9% | PE17.9x | |
| NSOL Norsk Renewables | kr0.55 | 83.4% +kr56.4m | -78.7% | PS7.5x | |
| EAM EAM Solar | kr14.65 | 12.7% +kr11.3m | 195.4% | PS8.6x | |
| MPCES MPC Energy Solutions | kr11.50 | 1.8% +kr4.5m | -12.2% | PS2.6x | |
| ENERG Energeia | kr1.12 | 1.8% +kr2.4m | -41.1% | PS1.9x |
