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Norwegian (OSEAX) Utilities Sector Analysis
UpdatedFeb 21, 2025
DataAggregated Company Financials
Companies9
- 7D-1.2%
- 3M-4.9%
- 1Y-2.6%
- YTD-7.8%
Over the last 7 days, the Utilities industry has dropped 1.2%, driven by Magnora declining 8.5%. Over the last year, the industry has been flat overall. As for the next few years, earnings are forecast to decline by 20% 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 |
|---|---|---|---|---|---|---|
| Fri, 21 Feb 2025 | NOK 21.1b | NOK 17.5b | NOK 1.9b | 9.9x | 11x | 1.2x |
| Sun, 19 Jan 2025 | NOK 22.1b | NOK 19.3b | NOK 2.2b | 9.7x | 10.1x | 1.1x |
| Tue, 17 Dec 2024 | NOK 22.3b | NOK 19.3b | NOK 2.2b | 9.9x | 10.1x | 1.2x |
| Thu, 14 Nov 2024 | NOK 22.0b | NOK 19.5b | NOK 2.2b | 10.3x | 10x | 1.1x |
| Sat, 12 Oct 2024 | NOK 20.7b | NOK 19.7b | NOK 270.2m | 30.3x | 76.5x | 1x |
| Mon, 09 Sep 2024 | NOK 20.0b | NOK 19.7b | NOK 269.4m | 28.3x | 74.4x | 1x |
| Wed, 07 Aug 2024 | NOK 21.3b | NOK 20.9b | NOK 794.9m | 20.1x | 26.8x | 1x |
| Fri, 05 Jul 2024 | NOK 22.8b | NOK 20.9b | NOK 1.0b | 18.7x | 22.4x | 1.1x |
| Sun, 02 Jun 2024 | NOK 21.0b | NOK 20.8b | NOK 934.6m | 17.4x | 22.5x | 1x |
| Tue, 30 Apr 2024 | NOK 18.6b | NOK 23.1b | NOK 864.5m | 18.4x | 21.5x | 0.8x |
| Thu, 28 Mar 2024 | NOK 18.7b | NOK 23.1b | NOK 895.5m | 18.3x | 20.8x | 0.8x |
| Sat, 24 Feb 2024 | NOK 17.2b | NOK 23.3b | NOK 789.3m | 16.9x | 21.8x | 0.7x |
| Mon, 22 Jan 2024 | NOK 17.6b | NOK 26.8b | NOK 21.2m | 29.9x | 831.9x | 0.7x |
| Wed, 20 Dec 2023 | NOK 19.7b | NOK 26.8b | NOK 23.3m | 28.6x | 847.2x | 0.7x |
| Fri, 17 Nov 2023 | NOK 17.0b | NOK 26.8b | NOK 9.1m | 25.2x | 1881.4x | 0.6x |
| Sun, 15 Oct 2023 | NOK 15.3b | NOK 30.4b | NOK 274.8m | 254.7x | 55.6x | 0.5x |
| Tue, 12 Sep 2023 | NOK 17.2b | NOK 30.4b | NOK 276.7m | 310.3x | 62.1x | 0.6x |
| Thu, 10 Aug 2023 | NOK 19.1b | NOK 31.0b | -NOK 317,823,834.00 | 19.8x | -60.1x | 0.6x |
| Sat, 08 Jul 2023 | NOK 18.5b | NOK 31.0b | -NOK 300,553,151.00 | 25.7x | -61.5x | 0.6x |
| Mon, 05 Jun 2023 | NOK 19.0b | NOK 30.9b | -NOK 306,192,092.00 | 22.1x | -62x | 0.6x |
| Wed, 03 May 2023 | NOK 16.7b | NOK 29.4b | -NOK 1,427,775,298.00 | 25.4x | -11.7x | 0.6x |
| Fri, 31 Mar 2023 | NOK 16.8b | NOK 29.8b | -NOK 1,396,654,859.00 | 26.6x | -12x | 0.6x |
| Sun, 26 Feb 2023 | NOK 17.4b | NOK 29.8b | -NOK 1,391,322,710.00 | 23.8x | -12.5x | 0.6x |
| Tue, 24 Jan 2023 | NOK 20.5b | NOK 27.6b | -NOK 717,694,636.00 | 32.1x | -28.5x | 0.7x |
| Thu, 22 Dec 2022 | NOK 20.5b | NOK 27.6b | -NOK 715,370,824.00 | 34.3x | -28.7x | 0.7x |
| Sat, 19 Nov 2022 | NOK 21.8b | NOK 27.5b | -NOK 702,094,565.00 | 36.8x | -31x | 0.8x |
| Mon, 17 Oct 2022 | NOK 18.4b | NOK 23.5b | -NOK 882,244,172.00 | 5.4x | -20.9x | 0.8x |
| Wed, 14 Sep 2022 | NOK 24.9b | NOK 23.3b | -NOK 864,580,314.00 | 6.6x | -28.8x | 1.1x |
| Fri, 12 Aug 2022 | NOK 26.2b | NOK 21.6b | -NOK 810,074,000.00 | 12x | -32.3x | 1.2x |
| Sun, 10 Jul 2022 | NOK 22.9b | NOK 21.6b | -NOK 622,590,632.00 | 11.3x | -36.8x | 1.1x |
| Tue, 07 Jun 2022 | NOK 23.7b | NOK 21.6b | -NOK 604,839,340.00 | 12.9x | -39.1x | 1.1x |
| Thu, 05 May 2022 | NOK 26.3b | NOK 18.7b | NOK 640.8m | 7.1x | 41x | 1.4x |
| Sat, 02 Apr 2022 | NOK 31.5b | NOK 18.7b | NOK 650.4m | 11.4x | 48.4x | 1.7x |
| Mon, 28 Feb 2022 | NOK 38.1b | NOK 18.7b | NOK 688.4m | 12.3x | 55.4x | 2x |
Price to Earnings Ratio
55.4x
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 11.0x which is lower than its 3-year average PE of 79.5x.
- The 3-year average PS ratio of 0.91x 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 41% per year over the last three years.
- Meanwhile revenues for these companies have declined 2.3% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the Norwegian Utilities sector?
| NO Market | 0.52% | |
| Utilities | -1.21% | |
| Gas Utilities | 0% | 0 |
| Other Utilities | 0% | 0 |
| Water Utilities | 0% | 0 |
| Renewable Energy | -0.87% | |
| Electric Utilities | -2.77% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 51.8x.
- Analysts are expecting annual earnings decline of 24.8%, which is lower than the prior year's growth of 12.9% 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 1.3x.
Forecasted Growth
- Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 1.2% over the next 5 years.
- In contrast, the Renewable Energy industry is expected to see its earnings decline by 25% 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 | |
|---|---|---|---|---|---|
| EAM EAM Solar | NOK 0.51 | 3.7% +NOK 2.8m | -97.0% | PS5.3x | |
| ENERG Energeia | NOK 0.14 | 6.1% +NOK 947.7k | -88.4% | PS0.2x | |
| ALT Alternus Energy Group | NOK 0.52 | 15.6% +NOK 305.8k | -91.1% | PS0.01x |