Over the last 7 days, the Electrical industry has dropped 5.4%, driven by declines in Eaton and Emerson Electric of 6.1% and 7.0%, respectively. Meanwhile, ESS Tech actually outperformed within the industry, gaining 7.0% in the last week. This takes the industry's 12 month performance to a gain of 26%.
Has the U.S. Electrical Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Wed, 01 Dec 2021 | US$357.7b | US$95.0b | US$7.8b | 23.2x |
| Fri, 29 Oct 2021 | US$333.5b | US$90.7b | US$8.3b | 24x |
| Sun, 26 Sep 2021 | US$310.1b | US$89.1b | US$8.0b | 23x |
| Tue, 24 Aug 2021 | US$324.1b | US$89.4b | US$7.9b | 23.8x |
| Wed, 30 Jun 2021 | US$312.0b | US$89.0b | US$7.9b | 24.5x |
| Sat, 03 Apr 2021 | US$284.7b | US$82.6b | US$6.9b | 27x |
| Tue, 05 Jan 2021 | US$251.5b | US$81.7b | US$6.0b | 29.1x |
| Fri, 09 Oct 2020 | US$201.1b | US$81.7b | US$5.9b | 24.3x |
| Thu, 02 Jul 2020 | US$171.1b | US$83.3b | US$6.1b | 21.1x |
| Sun, 05 Apr 2020 | US$136.3b | US$88.4b | US$7.2b | 15x |
| Wed, 08 Jan 2020 | US$186.3b | US$85.3b | US$7.9b | 21.5x |
| Tue, 01 Oct 2019 | US$164.7b | US$85.2b | US$8.4b | 17.6x |
| Fri, 05 Jul 2019 | US$167.0b | US$85.0b | US$8.4b | 16.6x |
| Mon, 08 Apr 2019 | US$163.8b | US$84.0b | US$8.3b | 15.3x |
| Thu, 10 Jan 2019 | US$145.8b | US$83.1b | US$8.2b | 14x |
15.6x
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 21.0x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Electrical industry have remained mostly flat over the last three years, while revenues for these companies have grown 4.7% 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 and as a result, profits have held steady.
Which industries have driven the changes within the U.S. Electrical industry?
| Electrical Components | -5.39% | |
| Heavy Electrical Equipment | -6.54% | |
Industry PE: Investors are most optimistic about the Electrical Components industry, which is trading close to its 3-year average PE ratio of 21.3x. However analysts are expecting annual earnings growth of 21%, which is lower than the prior year's growth of 50% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Heavy Electrical Equipment industry, which is trading below its 3-year average of 19.1x.
Forecasted Growth: Analysts are most optimistic on the Heavy Electrical Equipment industry, expecting annual earnings growth of 40% over the next 5 years. However this is lower than its past earnings growth rate of 303% per year. Meanwhile, the Electrical Components industry is expected to see its earnings grow by 21% per year over the next few years.
Which companies have driven the market over the last 7 days?
| Company | 7D | 1Y | Valuation | |
|---|---|---|---|---|
| GWH ESS Tech | 7.0%+US$157.6m | 61.9% | PE-7.5x | |
| ENVX Enovix | 1.8%+US$88.6m | n/a | PB15.7x | |
| KULR KULR Technology Group | 18.9%+US$58.6m | 148.6% | PS199.2x | |
| PPSI Pioneer Power Solutions | 77.7%+US$38.6m | 188.9% | PS4.4x | |
| EOSE Eos Energy Enterprises | 7.6%+US$37.6m | -27.7% | PS318.5x |
