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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 25 Sep 2023 | kr17.0b | kr30.4b | kr276.0m | 301.9x | 61.7x | 0.6x |
| Wed, 23 Aug 2023 | kr17.4b | kr30.5b | kr288.2m | 323.5x | 60.3x | 0.6x |
| Fri, 21 Jul 2023 | kr19.9b | kr31.0b | -kr296,940,303.00 | 25.7x | -67x | 0.6x |
| Sun, 18 Jun 2023 | kr18.6b | kr30.9b | -kr303,933,391.00 | 22.9x | -61.1x | 0.6x |
| Tue, 16 May 2023 | kr18.5b | kr30.9b | -kr325,848,692.00 | 21x | -56.8x | 0.6x |
| Thu, 13 Apr 2023 | kr18.6b | kr29.8b | -kr1,415,672,690.00 | 26.6x | -13.1x | 0.6x |
| Sat, 11 Mar 2023 | kr16.1b | kr29.8b | -kr1,393,609,411.00 | 23.5x | -11.5x | 0.5x |
| Mon, 06 Feb 2023 | kr20.0b | kr28.3b | -kr1,228,609,639.00 | 31.6x | -16.3x | 0.7x |
| Wed, 04 Jan 2023 | kr19.7b | kr27.6b | -kr718,252,203.00 | 32.9x | -27.4x | 0.7x |
| Fri, 02 Dec 2022 | kr21.7b | kr27.5b | -kr712,555,963.00 | 36.8x | -30.4x | 0.8x |
| Sun, 30 Oct 2022 | kr18.4b | kr23.6b | -kr814,996,700.00 | 34.1x | -22.5x | 0.8x |
| Tue, 27 Sep 2022 | kr21.3b | kr23.5b | -kr882,290,031.00 | 5.7x | -24.1x | 0.9x |
| Thu, 25 Aug 2022 | kr25.3b | kr23.3b | -kr868,379,174.00 | 8.4x | -29.2x | 1.1x |
| Sat, 23 Jul 2022 | kr23.7b | kr21.6b | -kr622,179,530.00 | 10.9x | -38.1x | 1.1x |
| Mon, 20 Jun 2022 | kr21.2b | kr21.6b | -kr622,652,248.00 | 10.4x | -34x | 1x |
| Wed, 18 May 2022 | kr22.8b | kr21.4b | -kr534,544,465.00 | 7.3x | -42.7x | 1.1x |
| Fri, 15 Apr 2022 | kr29.8b | kr18.7b | kr649.6m | 9x | 45.9x | 1.6x |
| Sun, 13 Mar 2022 | kr43.7b | kr18.7b | kr665.0m | 10.9x | 65.7x | 2.3x |
| Tue, 08 Feb 2022 | kr39.5b | kr14.1b | kr688.9m | 12.8x | 57.3x | 2.8x |
| Thu, 06 Jan 2022 | kr57.3b | kr14.0b | kr5.2m | 11.5x | 10914.6x | 4.1x |
| Sat, 04 Dec 2021 | kr54.2b | kr14.0b | kr6.6m | 10.7x | 8242.9x | 3.9x |
| Mon, 01 Nov 2021 | kr57.4b | kr12.5b | -kr57,488,554.00 | 22.1x | -998.1x | 4.6x |
| Wed, 29 Sep 2021 | kr58.3b | kr11.9b | -kr239,341,153.00 | 29.2x | -243.4x | 4.9x |
| Fri, 27 Aug 2021 | kr57.0b | kr11.9b | -kr239,536,153.35 | 26.2x | -237.9x | 4.8x |
| Sat, 03 Jul 2021 | kr64.3b | kr11.9b | -kr239,536,153.35 | 24.6x | -268.6x | 5.4x |
| Tue, 06 Apr 2021 | kr71.5b | kr10.0b | -kr437,542,358.92 | 22.8x | -163.4x | 7.2x |
| Fri, 08 Jan 2021 | kr65.8b | kr7.0b | -kr115,572,365.10 | 23.9x | -569.5x | 9.4x |
| Thu, 01 Oct 2020 | kr41.0b | kr7.3b | kr506.7m | 58.4x | 80.9x | 5.6x |
Price to Earnings Ratio
80.9x
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 Utilities | 4.66% | |
| Gas Utilities | 0% | |
| Other Utilities | 0% | |
| Water Utilities | 0% | |
| 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ELMRA Elmera Group | kr24.46 | 1.9% +kr50.0m | 59.8% | PE380.7x |