New Zealand (NZX) Renewable Energy Industry Analysis

Industry Valuation and Performance

Has the New Zealand Renewable Energy Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sat, 20 Apr 2024	NZ$15.2b	NZ$3.9b	NZ$74.8m	177.9x	202.9x	3.9x
Mon, 18 Mar 2024	NZ$14.4b	NZ$3.9b	NZ$74.8m	169.1x	192.9x	3.7x
Wed, 14 Feb 2024	NZ$14.4b	NZ$3.2b	NZ$89.7m	152.9x	160.6x	4.5x
Fri, 12 Jan 2024	NZ$14.6b	NZ$3.2b	NZ$89.7m	153.6x	163.2x	4.5x
Sun, 10 Dec 2023	NZ$13.6b	NZ$3.2b	NZ$89.7m	143x	152x	4.2x
Tue, 07 Nov 2023	NZ$13.3b	NZ$3.2b	NZ$89.7m	139.4x	148.2x	4.1x
Thu, 05 Oct 2023	NZ$13.5b	NZ$3.2b	NZ$89.7m	142.4x	150.4x	4.2x
Sat, 02 Sep 2023	NZ$13.6b	NZ$3.2b	NZ$89.7m	143.2x	152x	4.2x
Mon, 31 Jul 2023	NZ$14.2b	NZ$3.6b	NZ$509.6m	21.1x	28x	4x
Wed, 28 Jun 2023	NZ$14.0b	NZ$3.6b	NZ$509.6m	21x	27.4x	3.9x
Fri, 26 May 2023	NZ$14.2b	NZ$3.6b	NZ$509.6m	21.5x	28x	4x
Sun, 23 Apr 2023	NZ$13.7b	NZ$3.6b	NZ$509.6m	20.7x	26.8x	3.8x
Tue, 21 Mar 2023	NZ$13.3b	NZ$3.6b	NZ$509.6m	19.7x	26.2x	3.7x
Thu, 16 Feb 2023	NZ$13.9b	NZ$3.7b	NZ$456.2m	19.6x	30.4x	3.7x
Sat, 14 Jan 2023	NZ$13.5b	NZ$3.7b	NZ$456.2m	19x	29.7x	3.6x
Mon, 12 Dec 2022	NZ$13.1b	NZ$3.7b	NZ$456.2m	18.8x	28.7x	3.5x
Wed, 09 Nov 2022	NZ$12.3b	NZ$3.7b	NZ$456.2m	18.4x	26.9x	3.3x
Fri, 07 Oct 2022	NZ$12.5b	NZ$3.7b	NZ$456.2m	18.5x	27.4x	3.4x
Sun, 04 Sep 2022	NZ$12.9b	NZ$3.7b	NZ$456.2m	19.4x	28.3x	3.5x
Tue, 02 Aug 2022	NZ$12.9b	NZ$4.3b	NZ$350.4m	25x	36.9x	3x
Thu, 30 Jun 2022	NZ$12.1b	NZ$4.3b	NZ$350.4m	23.4x	34.7x	2.8x
Sat, 28 May 2022	NZ$11.4b	NZ$4.3b	NZ$350.4m	22.4x	32.7x	2.7x
Mon, 25 Apr 2022	NZ$12.5b	NZ$4.3b	NZ$350.4m	24.6x	35.7x	2.9x
Wed, 23 Mar 2022	NZ$13.0b	NZ$4.3b	NZ$350.4m	25.5x	37.2x	3x
Fri, 18 Feb 2022	NZ$12.9b	NZ$4.3b	NZ$428.3m	n/a	30.1x	3x
Sun, 16 Jan 2022	NZ$12.3b	NZ$4.3b	NZ$428.3m	118.5x	28.8x	2.9x
Tue, 14 Dec 2021	NZ$12.2b	NZ$4.3b	NZ$428.3m	208.3x	28.5x	2.8x
Thu, 11 Nov 2021	NZ$12.7b	NZ$4.3b	NZ$428.3m	n/a	29.7x	3x
Sat, 09 Oct 2021	NZ$12.5b	NZ$4.3b	NZ$428.3m	123.4x	29.3x	2.9x
Mon, 06 Sep 2021	NZ$13.2b	NZ$4.3b	NZ$428.3m	142.4x	30.8x	3.1x
Wed, 04 Aug 2021	NZ$13.7b	NZ$4.3b	NZ$428.3m	145.3x	32x	3.2x
Sat, 08 May 2021	NZ$13.7b	NZ$3.9b	NZ$320.9m	55.5x	42.7x	3.5x

Current Industry PE

There are only 2 companies in the New Zealander Renewable Energy industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.

Past Earnings Growth

The earnings for companies in the Renewable Energy industry have declined 38% per year over the last three years.
Meanwhile revenues have remained mostly flat.
This means that although sales have remained flat, 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 New Zealand Utilities industry?


NZ Market	-0.80%
Utilities	0.14%
Renewable Energy	2.26%
Renewable Energy	2.26%
Independent Power Producers and Energy Traders	0%

Industry PE

Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 59.9x.

Analysts are expecting annual earnings growth of 22.3%, which is higher than its past year's earnings decline of 83.2% per year.

Investors are most pessimistic about the Renewable Energy industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 59.9x.

Forecasted Growth

Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 22% over the next 5 years.
This is better than its past earnings decline of 83% per year.