Slowing Rates Of Return At Arise (STO:ARISE) Leave Little Room For Excitement
Dec 07
Swedish (OMX) Utilities Sector Analysis
UpdatedDec 08, 2023
DataAggregated Company Financials
Companies9
- 7D2.0%
- 3M-4.2%
- 1Y-50.3%
- YTD-47.3%
Last week, the Utilities industry hasn't moved much but Arise is up 9.8% in that time. As for the longer term, the industry has declined 50% in the last year. As for the next few years, earnings are expected to grow by 72% per annum.
Sector Valuation and Performance
Has the Swedish Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 08 Dec 2023 | kr6.8b | kr1.5b | -kr91,898,029.00 | 13.4x | -73.7x | 4.6x |
| Sun, 05 Nov 2023 | kr6.3b | kr2.3b | kr680.6m | 14.3x | 9.2x | 2.7x |
| Tue, 03 Oct 2023 | kr6.5b | kr2.3b | kr681.3m | 14.6x | 9.6x | 2.9x |
| Thu, 31 Aug 2023 | kr7.4b | kr2.3b | kr682.0m | 14.5x | 10.8x | 3.2x |
| Sat, 29 Jul 2023 | kr8.1b | kr2.2b | kr1.2b | 12.6x | 7x | 3.7x |
| Mon, 26 Jun 2023 | kr8.2b | kr2.1b | kr1.1b | 12.5x | 7.4x | 3.8x |
| Wed, 24 May 2023 | kr8.6b | kr2.1b | kr1.1b | 13.8x | 7.8x | 4x |
| Fri, 21 Apr 2023 | kr8.8b | kr2.0b | kr1.1b | 14.2x | 8.2x | 4.5x |
| Sun, 19 Mar 2023 | kr9.2b | kr2.0b | kr1.1b | 15.1x | 8.4x | 4.6x |
| Tue, 14 Feb 2023 | kr10.3b | kr1.7b | kr1.1b | 17.5x | 9.3x | 5.9x |
| Thu, 12 Jan 2023 | kr11.5b | kr1.7b | kr1.1b | 18.8x | 10.4x | 6.6x |
| Sat, 10 Dec 2022 | kr12.7b | kr1.7b | kr1.1b | 21.1x | 11.5x | 7.3x |
| Mon, 07 Nov 2022 | kr13.2b | kr978.8m | kr409.4m | 22.7x | 32.1x | 13.4x |
| Wed, 05 Oct 2022 | kr12.9b | kr951.9m | kr398.6m | 27.6x | 32.3x | 13.5x |
| Fri, 02 Sep 2022 | kr12.1b | kr943.2m | kr389.6m | 23.8x | 31.1x | 12.8x |
| Sun, 31 Jul 2022 | kr9.1b | kr913.7m | -kr8,914,523.00 | 22.3x | -1015.5x | 9.9x |
| Tue, 28 Jun 2022 | kr4.8b | kr895.7m | kr103.2m | 19.7x | 46.1x | 5.3x |
| Thu, 26 May 2022 | kr4.9b | kr895.7m | kr104.7m | 20.1x | 46.8x | 5.5x |
| Sat, 23 Apr 2022 | kr6.1b | kr833.8m | kr85.6m | 40.8x | 70.7x | 7.3x |
| Mon, 21 Mar 2022 | kr5.9b | kr504.1m | -kr71,323,453.00 | 64.6x | -82.3x | 11.6x |
| Wed, 16 Feb 2022 | kr5.8b | kr450.1m | -kr186,775,677.00 | 1643.7x | -30.8x | 12.8x |
| Fri, 14 Jan 2022 | kr4.6b | kr450.1m | -kr186,775,677.00 | 1633.9x | -24.7x | 10.2x |
| Sun, 12 Dec 2021 | kr4.1b | kr450.5m | -kr186,331,265.00 | 1432.8x | -21.9x | 9x |
| Tue, 09 Nov 2021 | kr4.1b | kr340.2m | -kr291,268,946.00 | n/a | -14.2x | 12.1x |
| Thu, 07 Oct 2021 | kr2.4b | kr232.0m | kr26.6m | 0.6x | 90.1x | 10.3x |
| Sat, 04 Sep 2021 | kr2.6b | kr232.0m | -kr133,287,177.00 | n/a | -19.7x | 11.3x |
| Mon, 02 Aug 2021 | kr2.7b | kr232.0m | -kr133,287,177.00 | n/a | -20.1x | 11.5x |
| Thu, 06 May 2021 | kr3.0b | kr221.6m | -kr152,154,714.00 | n/a | -19.8x | 13.6x |
| Sun, 07 Feb 2021 | kr2.7b | kr230.8m | -kr152,492,595.00 | n/a | -17.7x | 11.7x |
Price to Earnings Ratio
-14x
Current Industry PE
- Investors are pessimistic on the Swedish Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 8.5x is higher than the industry's current PS ratio of 4.6x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have improved over the last three years.
- Revenues for these companies have grown 85% per year.
- This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.
Industry Trends
Which industries have driven the changes within the Swedish Utilities sector?
| SE Market | 2.88% | |
| Utilities | 1.99% | |
| Water Utilities | 4.13% | |
| Renewable Energy | 2.45% | |
| Gas Utilities | 0% | |
| Other Utilities | 0% | |
| Electric Utilities | -0.21% | |
Industry PE
- Investors are most optimistic about the Electric Utilities industry even though it's trading below its 3-year average PE ratio of 16.4x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 72% over the next 5 years.
- This is better than its past earnings decline of 78% per year.
- In contrast, the Renewable Energy industry is expected to see its earnings grow by 72% 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 | |
|---|---|---|---|---|---|
| ARISE Arise | kr43.80 | 9.8% +kr173.2m | -17.0% | PE11.9x | |
| ORRON Orrön Energy | kr7.51 | 1.4% +kr29.2m | -70.1% | PS6.1x | |
| AXOLOT Axolot Solutions Holding | kr0.38 | 4.1% +kr1.8m | -49.4% | PS12.4x |