Returns At ACWA Power (TADAWUL:2082) Are On The Way Up
Jun 08
Saudi Arabian (Tadawul) Renewable Energy Industry Analysis
UpdatedJun 12, 2024
DataAggregated Company Financials
Companies1
- 7D-7.8%
- 3M19.5%
- 1Y136.0%
- YTD43.0%
Over the last 7 days, the Renewable Energy industry has dropped 5.0%, driven by declines from every company within the industry. This takes the industry's 12 month performance to a gain of 145%. Looking forward, earnings are forecast to grow by 31% annually.
Industry Valuation and Performance
Has the Saudi Arabian Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 12 Jun 2024 | ر.س275.4b | ر.س6.0b | ر.س1.7b | 158.1x | 162.4x | 45.8x |
| Fri, 10 May 2024 | ر.س303.6b | ر.س6.1b | ر.س1.7b | 178x | 181.6x | 49.8x |
| Sun, 07 Apr 2024 | ر.س266.0b | ر.س6.1b | ر.س1.7b | 159.1x | 159.1x | 43.6x |
| Tue, 05 Mar 2024 | ر.س202.4b | ر.س6.1b | ر.س1.7b | 121.1x | 121.1x | 33.2x |
| Thu, 01 Feb 2024 | ر.س175.5b | ر.س5.9b | ر.س1.5b | 115.9x | 115.9x | 30x |
| Sat, 30 Dec 2023 | ر.س187.9b | ر.س5.9b | ر.س1.5b | 124.2x | 124.2x | 32.1x |
| Mon, 27 Nov 2023 | ر.س166.7b | ر.س5.9b | ر.س1.5b | 110.2x | 110.2x | 28.5x |
| Wed, 25 Oct 2023 | ر.س150.9b | ر.س5.6b | ر.س1.5b | 103.7x | 103.6x | 27.1x |
| Fri, 22 Sep 2023 | ر.س138.2b | ر.س5.6b | ر.س1.5b | 95x | 94.8x | 24.8x |
| Sun, 20 Aug 2023 | ر.س138.2b | ر.س5.6b | ر.س1.5b | 94.8x | 94.8x | 24.8x |
| Tue, 18 Jul 2023 | ر.س136.6b | ر.س5.5b | ر.س1.4b | 97.4x | 96x | 25x |
| Thu, 15 Jun 2023 | ر.س115.4b | ر.س5.5b | ر.س1.4b | 80.6x | 81.1x | 21.1x |
| Sat, 13 May 2023 | ر.س119.5b | ر.س5.3b | ر.س1.3b | 90.4x | 90.4x | 22.6x |
| Mon, 10 Apr 2023 | ر.س107.5b | ر.س5.3b | ر.س1.3b | 81.7x | 81.3x | 20.4x |
| Wed, 08 Mar 2023 | ر.س102.4b | ر.س5.3b | ر.س1.3b | 78.1x | 77.4x | 19.4x |
| Fri, 03 Feb 2023 | ر.س108.2b | ر.س5.3b | ر.س1.2b | 87.9x | 87.9x | 20.4x |
| Sun, 01 Jan 2023 | ر.س111.1b | ر.س5.3b | ر.س1.2b | 90.3x | 90.3x | 20.9x |
| Tue, 29 Nov 2022 | ر.س98.8b | ر.س5.3b | ر.س1.2b | 80.3x | 80.3x | 18.6x |
| Thu, 27 Oct 2022 | ر.س131.5b | ر.س5.3b | ر.س886.3m | 148.8x | 148.3x | 24.7x |
| Sat, 24 Sep 2022 | ر.س109.8b | ر.س5.3b | ر.س886.3m | 123.9x | 123.9x | 20.7x |
| Mon, 22 Aug 2022 | ر.س128.2b | ر.س5.3b | ر.س886.3m | 144.2x | 144.7x | 24.1x |
| Wed, 20 Jul 2022 | ر.س109.5b | ر.س5.3b | ر.س796.6m | 137.5x | 137.5x | 20.7x |
| Fri, 17 Jun 2022 | ر.س101.0b | ر.س5.3b | ر.س796.6m | 126.8x | 126.8x | 19.1x |
| Sun, 15 May 2022 | ر.س104.5b | ر.س5.4b | ر.س758.8m | 137.8x | 137.8x | 19.5x |
| Tue, 12 Apr 2022 | ر.س108.8b | ر.س5.4b | ر.س758.8m | 138.2x | 143.4x | 20.3x |
| Thu, 10 Mar 2022 | ر.س83.1b | ر.س5.0b | ر.س439.8m | 188.8x | 188.8x | 16.5x |
| Sat, 05 Feb 2022 | ر.س73.1b | ر.س5.0b | ر.س439.8m | 166.2x | 166.2x | 14.5x |
| Mon, 03 Jan 2022 | ر.س62.0b | ر.س5.0b | ر.س439.8m | 141x | 141x | 12.3x |
| Wed, 01 Dec 2021 | ر.س51.8b | ر.س5.0b | ر.س439.8m | 117.7x | 117.7x | 10.3x |
| Fri, 29 Oct 2021 | ر.س51.1b | ر.س5.1b | ر.س1.0b | 51.9x | 50.8x | 10x |
Price to Earnings Ratio
50.8x
Current Industry PE
- There is only one company in the Saudi 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 grown 19% per year over the last three years.
- Revenues for these companies have grown 5.5% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Saudi Arabian Utilities industry?
| SA Market | 0.42% | |
| Utilities | -5.86% | |
| Renewable Energy | -7.81% | |
| Renewable Energy | 0% | |
| Independent Power Producers and Energy Traders | -7.81% | |
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 119x.
- Analysts are expecting annual earnings growth of 31.3%, which is higher than its past year's earnings growth of 19.1% per year.
- Investors are most pessimistic about the Independent Power Producers and Energy Traders industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 119x.
Forecasted Growth
- Analysts are most optimistic on the Independent Power Producers and Energy Traders industry, expecting annual earnings growth of 31% over the next 5 years.
- This is better than its past earnings growth rate of 19% per year.
- In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings grow by 31% 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 | |
|---|---|---|---|---|---|
| No data available | |||||