Portuguese (PSI) Utilities Sector Analysis

Sector Valuation and Performance

Has the Portuguese Utilities Sector valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Tue, 15 Apr 2025	€22.3b	€18.0b	€397.3m	14x	56.2x	1.2x
Thu, 13 Mar 2025	€23.4b	€18.0b	€397.3m	13.8x	58.9x	1.3x
Sat, 08 Feb 2025	€22.7b	€17.8b	€1.3b	11.7x	17.4x	1.3x
Mon, 06 Jan 2025	€25.5b	€17.8b	€1.3b	12.2x	19.6x	1.4x
Wed, 04 Dec 2024	€26.5b	€17.8b	€1.3b	12.8x	20.4x	1.5x
Fri, 01 Nov 2024	€30.9b	€18.5b	€1.9b	20.7x	16.7x	1.7x
Sun, 29 Sep 2024	€36.4b	€18.5b	€1.9b	25.3x	19.7x	2x
Tue, 27 Aug 2024	€33.5b	€18.4b	€1.9b	23x	18x	1.8x
Thu, 25 Jul 2024	€33.2b	€18.7b	€1.5b	31.4x	22.7x	1.8x
Sat, 22 Jun 2024	€32.2b	€18.7b	€1.5b	30.3x	21.9x	1.7x
Mon, 20 May 2024	€33.9b	€19.4b	€1.4b	32.6x	23.9x	1.7x
Wed, 17 Apr 2024	€30.5b	€19.5b	€1.4b	29.1x	21.4x	1.6x
Fri, 15 Mar 2024	€31.3b	€19.5b	€1.4b	29.9x	22.1x	1.6x
Sun, 11 Feb 2024	€32.7b	€20.4b	€1.7b	23.8x	19.6x	1.6x
Tue, 09 Jan 2024	€39.4b	€20.4b	€1.7b	29.1x	23.5x	1.9x
Thu, 07 Dec 2023	€39.4b	€20.4b	€1.7b	29.4x	23.6x	1.9x
Sat, 04 Nov 2023	€37.1b	€22.0b	€1.4b	30.6x	26.9x	1.7x
Mon, 02 Oct 2023	€34.6b	€22.0b	€1.4b	28.5x	25.1x	1.6x
Wed, 30 Aug 2023	€38.8b	€22.0b	€1.4b	32.3x	28x	1.8x
Fri, 28 Jul 2023	€39.9b	€22.9b	€1.6b	29.8x	24.4x	1.7x
Sun, 25 Jun 2023	€40.1b	€23.0b	€1.8b	24.2x	22.2x	1.7x
Tue, 23 May 2023	€41.9b	€23.0b	€1.8b	25.3x	23.1x	1.8x
Thu, 20 Apr 2023	€43.4b	€23.8b	€1.4b	31.5x	30.5x	1.8x
Sat, 18 Mar 2023	€41.5b	€23.8b	€1.4b	30.2x	29.1x	1.7x
Mon, 13 Feb 2023	€40.2b	€24.0b	€1.7b	24.1x	23.4x	1.7x
Wed, 11 Jan 2023	€41.6b	€24.0b	€1.7b	25x	24.2x	1.7x
Fri, 09 Dec 2022	€41.4b	€24.0b	€1.7b	24.7x	24.1x	1.7x
Sun, 06 Nov 2022	€40.3b	€23.8b	€1.6b	26x	25.9x	1.7x
Tue, 04 Oct 2022	€41.5b	€22.0b	€1.5b	27.9x	27.5x	1.9x
Thu, 01 Sep 2022	€44.9b	€22.0b	€1.5b	30.1x	29.8x	2x
Sat, 30 Jul 2022	€46.7b	€20.3b	€1.3b	39.9x	36.3x	2.3x
Mon, 27 Jun 2022	€42.4b	€20.1b	€1.2b	38.2x	35.6x	2.1x
Wed, 25 May 2022	€43.7b	€20.0b	€1.2b	39.5x	36.7x	2.2x
Fri, 22 Apr 2022	€42.9b	€17.5b	€1.4b	30.6x	30.2x	2.4x

Current Industry PE

There are only 3 companies in the Portuguese Utilities 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 Utilities industry have declined 35% per year over the last three years.
Meanwhile revenues for these companies have grown 2.5% 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 Portuguese Utilities sector?


PT Market	2.80%
Utilities	3.91%
Electric Utilities	5.62%
Other Utilities	3.56%
Renewable Energy	1.29%

Industry PE

Investors are most optimistic about the Electric Utilities industry even though it's trading below its 3-year average PE ratio of 21.6x.

Analysts are expecting annual earnings growth of 6.8%, which is higher than its past year's earnings decline of 15.9% per year.

Forecasted Growth

Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 47% over the next 5 years.

In contrast, the Other Utilities industry is expected to see its earnings decline by 2.0% per year over the next few years.

Company	Last Price	7D	1Y	Valuation
EDP EDP	€3.08	6.3% +€762.0m	-13.7%	PE16x
EDPR EDP Renováveis	€7.38	7.2% +€514.7m	-42.1%	PS3.8x
RENE REN - Redes Energéticas Nacionais SGPS	€2.76	3.6% +€63.0m	25.5%	PE12x

Company

Last Price

Valuation

EDP EDP

€3.08

6.3%
+€762.0m

-13.7%

PE16x

EDPR EDP Renováveis

€7.38

7.2%
+€514.7m

-42.1%