Narrative Update • Jun 01
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- 7D3.5%
- 3M6.7%
- 1Y11.5%
- YTD9.6%
The Renewable Energy industry is up 3.5% in the last week, with Aboitiz Power up 5.8%. Meanwhile, SP New Energy actually underperformed within the industry, shrinking 6.5% in the last week. This takes the industry's 12 month performance to a gain of 11%. Earnings are forecast to grow by 24% annually.
Industry Valuation and Performance
Has the Filipino Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 06 Jun 2026 | ₱853.2b | ₱757.9b | ₱67.1b | 7.2x | 12.7x | 1.1x |
| Mon, 04 May 2026 | ₱652.9b | ₱406.9b | ₱34.9b | 7.9x | 18.7x | 1.6x |
| Wed, 01 Apr 2026 | ₱665.1b | ₱573.8b | ₱50.9b | 7.4x | 13.1x | 1.2x |
| Fri, 27 Feb 2026 | ₱632.6b | ₱560.0b | ₱59.7b | 7.5x | 10.6x | 1.1x |
| Sun, 25 Jan 2026 | ₱643.9b | ₱563.3b | ₱60.1b | 7.3x | 10.7x | 1.1x |
| Tue, 23 Dec 2025 | ₱600.6b | ₱562.6b | ₱60.0b | 7.4x | 10x | 1.1x |
| Thu, 20 Nov 2025 | ₱579.8b | ₱563.0b | ₱59.8b | 6.9x | 9.7x | 1x |
| Sat, 18 Oct 2025 | ₱565.1b | ₱557.7b | ₱58.2b | 8x | 9.7x | 1x |
| Mon, 15 Sep 2025 | ₱594.6b | ₱555.0b | ₱57.8b | 8.5x | 10.3x | 1.1x |
| Wed, 13 Aug 2025 | ₱583.2b | ₱568.8b | ₱57.9b | 8.7x | 10.1x | 1x |
| Fri, 11 Jul 2025 | ₱600.6b | ₱568.7b | ₱62.5b | 9.3x | 9.6x | 1.1x |
| Sun, 08 Jun 2025 | ₱568.6b | ₱563.7b | ₱61.9b | 9.1x | 9.2x | 1x |
| Tue, 06 May 2025 | ₱543.2b | ₱564.9b | ₱64.7b | 9x | 8.4x | 1x |
| Thu, 03 Apr 2025 | ₱570.0b | ₱568.6b | ₱68.8b | 10.2x | 8.3x | 1x |
| Sat, 01 Mar 2025 | ₱610.2b | ₱572.1b | ₱68.4b | 10.7x | 8.9x | 1.1x |
| Mon, 27 Jan 2025 | ₱607.4b | ₱572.9b | ₱68.4b | 10.2x | 8.9x | 1.1x |
| Wed, 25 Dec 2024 | ₱596.8b | ₱573.4b | ₱68.5b | 10.2x | 8.7x | 1x |
| Fri, 22 Nov 2024 | ₱617.6b | ₱574.8b | ₱70.0b | 9.3x | 8.8x | 1.1x |
| Sun, 20 Oct 2024 | ₱660.6b | ₱572.0b | ₱70.2b | 11.6x | 9.4x | 1.2x |
| Tue, 17 Sep 2024 | ₱639.8b | ₱567.3b | ₱69.6b | 11.4x | 9.2x | 1.1x |
| Thu, 15 Aug 2024 | ₱641.8b | ₱568.3b | ₱70.9b | 10.8x | 9.1x | 1.1x |
| Sat, 13 Jul 2024 | ₱594.0b | ₱569.5b | ₱70.6b | 8.9x | 8.4x | 1x |
| Mon, 10 Jun 2024 | ₱633.6b | ₱570.4b | ₱70.7b | 8.5x | 9x | 1.1x |
| Wed, 08 May 2024 | ₱618.2b | ₱576.7b | ₱70.8b | 9.9x | 8.7x | 1.1x |
| Fri, 05 Apr 2024 | ₱593.8b | ₱584.4b | ₱69.5b | 8.1x | 8.5x | 1x |
| Sun, 03 Mar 2024 | ₱619.3b | ₱592.1b | ₱79.8b | 7.9x | 7.8x | 1x |
| Tue, 30 Jan 2024 | ₱621.4b | ₱593.2b | ₱79.9b | 7.3x | 7.8x | 1x |
| Thu, 28 Dec 2023 | ₱588.1b | ₱591.4b | ₱79.7b | 7.2x | 7.4x | 1x |
| Sat, 25 Nov 2023 | ₱632.6b | ₱591.2b | ₱79.8b | 7.5x | 7.9x | 1.1x |
| Mon, 23 Oct 2023 | ₱632.0b | ₱612.8b | ₱79.1b | 7.2x | 8x | 1x |
| Wed, 20 Sep 2023 | ₱584.0b | ₱611.8b | ₱79.1b | 6.6x | 7.4x | 1x |
| Fri, 18 Aug 2023 | ₱650.8b | ₱610.8b | ₱78.9b | 7.4x | 8.2x | 1.1x |
| Sun, 16 Jul 2023 | ₱671.7b | ₱595.2b | ₱72.9b | 8.8x | 9.2x | 1.1x |
| Tue, 13 Jun 2023 | ₱651.8b | ₱599.9b | ₱73.4b | 7.7x | 8.9x | 1.1x |
Price to Earnings Ratio
8.9x
Current Industry PE
- Investors are optimistic on the Filipino Renewable Energy industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 12.7x which is higher than its 3-year average PE of 9.3x.
- The industry is trading close to its 3-year average PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Renewable Energy industry have declined 3.0% per year over the last three years.
- Meanwhile revenues for these companies have grown 8.1% 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 Filipino Utilities industry?
| PH Market | 1.64% | |
| Utilities | 1.26% | |
| Renewable Energy | 3.54% | |
| Independent Power Producers and Energy Traders | 4.65% | |
| Renewable Energy | -5.15% | |
Industry PE
- Investors are most optimistic about the Independent Power Producers and Energy Traders industry which is trading above its 3-year average PE ratio of 8.4x.
- Analysts expect its future annual earnings growth (23.5%) to be largely in line with prior year's earnings growth.
Forecasted Growth
- Analysts are most optimistic on the Independent Power Producers and Energy Traders industry, expecting annual earnings growth of 24% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings grow by 24% 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 | |
|---|---|---|---|---|---|
| AP Aboitiz Power | ₱45.50 | 5.8% +₱18.0b | 14.9% | PE14.4x | |
| AEV Aboitiz Equity Ventures | ₱33.60 | 5.7% +₱10.0b | -1.8% | PE8.7x | |
| ACEN Acen | ₱3.45 | 4.5% +₱6.0b | 39.7% | PE48.9x | |
| FGEN First Gen | ₱16.08 | 3.1% +₱1.7b | -13.7% | PE4.5x | |
| LPZ Lopez Holdings | ₱3.79 | 3.8% +₱533.0m | 2.4% | PE3.5x |