Turkish (BIST) Renewable Energy Industry Analysis
UpdatedApr 27, 2024
DataAggregated Company Financials
Companies18
- 7D1.6%
- 3M30.1%
- 1Y66.0%
- YTD43.2%
In the last week, the Renewable Energy industry is up 1.6%, with Margün Enerji Üretim Sanayi ve Ticaret up 30%. During this same period, the Akenerji Elektrik Üretim underperformed, falling 17%. This means that the industry has gained 66% over the past year. As for the next few years, earnings are forecast to decline by 58% per annum.
Industry Valuation and Performance
Has the Turkish Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 27 Apr 2024 | ₺296.1b | ₺115.4b | ₺23.8b | 24.8x | 12.5x | 2.6x |
| Mon, 25 Mar 2024 | ₺250.4b | ₺120.3b | ₺16.2b | 23x | 15.5x | 2.1x |
| Wed, 21 Feb 2024 | ₺209.9b | ₺103.4b | ₺6.0b | 23.7x | 34.8x | 2x |
| Fri, 19 Jan 2024 | ₺169.8b | ₺103.4b | ₺6.0b | 20x | 28.2x | 1.6x |
| Sun, 17 Dec 2023 | ₺165.9b | ₺103.4b | ₺6.0b | 22x | 27.5x | 1.6x |
| Tue, 14 Nov 2023 | ₺191.5b | ₺103.4b | ₺6.0b | 26.7x | 31.8x | 1.9x |
| Thu, 12 Oct 2023 | ₺221.1b | ₺110.4b | ₺7.3b | 23.9x | 30.1x | 2x |
| Sat, 09 Sep 2023 | ₺211.0b | ₺110.2b | ₺7.3b | 23.4x | 28.8x | 1.9x |
| Mon, 07 Aug 2023 | ₺175.5b | ₺114.7b | ₺10.3b | 23.3x | 17x | 1.5x |
| Wed, 05 Jul 2023 | ₺144.9b | ₺114.7b | ₺9.9b | 16.2x | 14.6x | 1.3x |
| Fri, 02 Jun 2023 | ₺133.1b | ₺114.6b | ₺10.2b | 14.4x | 13x | 1.2x |
| Sun, 30 Apr 2023 | ₺124.7b | ₺105.3b | ₺8.8b | 16.3x | 14.1x | 1.2x |
| Tue, 28 Mar 2023 | ₺148.2b | ₺105.3b | ₺8.3b | 25.9x | 17.7x | 1.4x |
| Thu, 23 Feb 2023 | ₺121.0b | ₺72.3b | ₺8.8b | 14.7x | 13.8x | 1.7x |
| Sat, 21 Jan 2023 | ₺143.1b | ₺72.3b | ₺8.8b | 17x | 16.3x | 2x |
| Mon, 19 Dec 2022 | ₺166.6b | ₺71.9b | ₺8.6b | 19.3x | 19.3x | 2.3x |
| Wed, 16 Nov 2022 | ₺157.3b | ₺71.4b | ₺8.6b | 15x | 18.2x | 2.2x |
| Fri, 14 Oct 2022 | ₺115.4b | ₺53.8b | ₺6.9b | 12.3x | 16.6x | 2.1x |
| Sun, 11 Sep 2022 | ₺85.6b | ₺53.7b | ₺6.8b | 9.5x | 12.5x | 1.6x |
| Tue, 09 Aug 2022 | ₺83.5b | ₺43.8b | ₺2.4b | 14.4x | 34.2x | 1.9x |
| Thu, 07 Jul 2022 | ₺68.8b | ₺43.8b | ₺2.4b | 12.1x | 28.2x | 1.6x |
| Sat, 04 Jun 2022 | ₺67.6b | ₺43.7b | ₺3.0b | 11.5x | 22.8x | 1.5x |
| Mon, 02 May 2022 | ₺57.4b | ₺33.6b | ₺2.1b | 11.4x | 26.8x | 1.7x |
| Wed, 30 Mar 2022 | ₺48.4b | ₺33.1b | ₺1.5b | 12x | 31.3x | 1.5x |
| Fri, 25 Feb 2022 | ₺40.6b | ₺23.7b | ₺3.7b | 17.3x | 11.1x | 1.7x |
| Sun, 23 Jan 2022 | ₺43.6b | ₺22.7b | ₺2.6b | 19.4x | 16.9x | 1.9x |
| Tue, 21 Dec 2021 | ₺37.6b | ₺22.7b | ₺2.6b | 16.8x | 14.6x | 1.7x |
| Thu, 18 Nov 2021 | ₺33.8b | ₺22.6b | ₺2.5b | 17.9x | 13.8x | 1.5x |
| Sat, 16 Oct 2021 | ₺28.4b | ₺10.8b | ₺1.9b | 18.9x | 15.2x | 2.6x |
| Mon, 13 Sep 2021 | ₺26.3b | ₺10.8b | ₺1.9b | 16.6x | 14.1x | 2.4x |
| Wed, 11 Aug 2021 | ₺24.8b | ₺10.8b | ₺1.9b | 17.3x | 13.3x | 2.3x |
| Sun, 06 Jun 2021 | ₺26.1b | ₺18.5b | ₺1.6b | 14.3x | 16.6x | 1.4x |
Price to Earnings Ratio
17.1x
Current Industry PE
- Investors are pessimistic on the Turkish Renewable Energy industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 12.5x which is lower than its 3-year average PE of 19.8x.
- The 3-year average PS ratio of 1.8x is lower than the industry's current PS ratio of 2.6x.
Past Earnings Growth
- The earnings for companies in the Renewable Energy industry have grown 147% per year over the last three years.
- Revenues for these companies have grown 84% 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 Turkish Utilities industry?
| TR Market | 3.05% | |
| Utilities | 2.34% | |
| Renewable Energy | 1.63% | |
| Independent Power Producers and Energy Traders | 1.78% | |
| Renewable Energy | 1.55% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 20.9x.
- Analysts are expecting annual earnings growth of 54.1%, which is lower than the prior year's growth of 64.2% per year.
- Investors are most pessimistic about the Independent Power Producers and Energy Traders industry, which is trading below its 3-year average of 27.2x.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 54% 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 decline by 141% 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 | |
|---|---|---|---|---|---|
| MAGEN Margün Enerji Üretim Sanayi ve Ticaret | ₺25.40 | 29.7% +₺6.9b | 97.0% | PE96.4x | |
| ZOREN Zorlu Enerji Elektrik Üretim | ₺6.71 | 12.4% +₺3.7b | 51.5% | PE3.1x | |
| NATEN Naturel Yenilenebilir Enerji Ticaret Anonim Sirketi | ₺59.50 | 20.4% +₺1.7b | 108.0% | PE120.9x | |
| AKSEN Aksa Enerji Üretim | ₺38.58 | 2.9% +₺1.3b | 37.9% | PE11.2x | |
| ESEN Esenboga Elektrik Üretim | ₺22.42 | 12.3% +₺639.6m | 70.7% | PE25.2x |