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Australian (ASX) Renewable Energy Industry Analysis
UpdatedJun 03, 2024
DataAggregated Company Financials
Companies9
- 7D2.8%
- 3M12.8%
- 1Y28.5%
- YTD27.1%
Over the last 7 days, the Renewable Energy industry has risen 2.8%, driven by gains from Frontier Energy of 13%. During this same period, the Carnegie Clean Energy underperformed, falling 18%. This means that the industry has gained 28% over the past year. As for the next few years, earnings are expected to grow by 17% per annum.
Industry Valuation and Performance
Has the Australian Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 03 Jun 2024 | AU$913.2m | AU$104.2m | -AU$9,523,991.48 | 28.7x | -95.9x | 8.8x |
| Wed, 01 May 2024 | AU$877.7m | AU$104.8m | -AU$9,578,194.63 | 27.1x | -91.6x | 8.4x |
| Fri, 29 Mar 2024 | AU$828.4m | AU$104.9m | -AU$9,577,466.29 | 30.2x | -86.5x | 7.9x |
| Sun, 25 Feb 2024 | AU$553.5m | AU$134.9m | -AU$83,583,797.59 | 28.4x | -6.6x | 4.1x |
| Tue, 23 Jan 2024 | AU$522.9m | AU$142.4m | -AU$79,289,090.00 | 15.6x | -6.6x | 3.7x |
| Thu, 21 Dec 2023 | AU$542.3m | AU$141.0m | -AU$77,242,339.00 | 15.9x | -7x | 3.8x |
| Sat, 18 Nov 2023 | AU$589.2m | AU$143.2m | -AU$80,363,622.00 | 16.4x | -7.3x | 4.1x |
| Mon, 16 Oct 2023 | AU$574.7m | AU$145.0m | -AU$82,868,306.00 | 16.7x | -6.9x | 4x |
| Wed, 13 Sep 2023 | AU$586.1m | AU$313.5m | AU$9.7m | 7.9x | 60.2x | 1.9x |
| Fri, 11 Aug 2023 | AU$591.4m | AU$337.2m | AU$4.7m | 21.4x | 124.5x | 1.8x |
| Sun, 09 Jul 2023 | AU$618.1m | AU$337.1m | AU$4.8m | 22.5x | 129.3x | 1.8x |
| Tue, 06 Jun 2023 | AU$645.6m | AU$337.1m | AU$4.8m | 21.6x | 135.6x | 1.9x |
| Thu, 04 May 2023 | AU$652.0m | AU$300.6m | -AU$1,382,695.00 | 8.1x | -471.5x | 2.2x |
| Sat, 01 Apr 2023 | AU$664.5m | AU$299.1m | -AU$1,476,295.00 | 8.1x | -450.1x | 2.2x |
| Mon, 27 Feb 2023 | AU$669.0m | AU$300.5m | -AU$273,993.00 | 8.6x | -2441.8x | 2.2x |
| Wed, 25 Jan 2023 | AU$734.2m | AU$286.1m | -AU$7,919,681.00 | 12.7x | -92.7x | 2.6x |
| Fri, 23 Dec 2022 | AU$688.2m | AU$295.1m | -AU$7,375,336.00 | 11.6x | -93.3x | 2.3x |
| Sun, 20 Nov 2022 | AU$963.5m | AU$296.5m | -AU$7,280,471.00 | 36.6x | -132.3x | 3.2x |
| Tue, 18 Oct 2022 | AU$823.7m | AU$312.7m | -AU$6,306,590.00 | 38.4x | -130.6x | 2.6x |
| Thu, 15 Sep 2022 | AU$845.0m | AU$293.9m | AU$4.5m | 35.4x | 189.2x | 2.9x |
| Sat, 13 Aug 2022 | AU$588.0m | AU$263.9m | -AU$36,542,111.00 | 47.7x | -16.1x | 2.2x |
| Mon, 11 Jul 2022 | AU$452.8m | AU$271.6m | -AU$36,615,829.00 | 43.9x | -12.4x | 1.7x |
| Wed, 08 Jun 2022 | AU$512.8m | AU$261.7m | -AU$36,519,616.00 | 42.7x | -14x | 2x |
| Fri, 06 May 2022 | AU$548.6m | AU$263.1m | -AU$36,532,025.00 | 36.5x | -15x | 2.1x |
| Sun, 03 Apr 2022 | AU$548.3m | AU$253.2m | -AU$36,433,770.00 | 40.4x | -15x | 2.2x |
| Tue, 01 Mar 2022 | AU$532.5m | AU$259.8m | -AU$32,694,920.00 | 275.8x | -16.3x | 2x |
| Thu, 27 Jan 2022 | AU$505.7m | AU$253.6m | -AU$22,058,518.00 | 300x | -22.9x | 2x |
| Sat, 25 Dec 2021 | AU$567.0m | AU$250.9m | -AU$22,068,024.00 | 287.8x | -25.7x | 2.3x |
| Mon, 22 Nov 2021 | AU$565.2m | AU$250.2m | -AU$22,070,451.00 | 333.8x | -25.6x | 2.3x |
| Wed, 20 Oct 2021 | AU$599.6m | AU$245.9m | -AU$22,085,912.00 | 333.5x | -27.1x | 2.4x |
| Fri, 17 Sep 2021 | AU$563.8m | AU$258.9m | AU$38.9m | 27.3x | 14.5x | 2.2x |
| Sun, 15 Aug 2021 | AU$580.2m | AU$254.2m | AU$37.5m | 21.2x | 15.5x | 2.3x |
| Thu, 10 Jun 2021 | AU$618.7m | AU$241.7m | AU$23.8m | 13.8x | 26x | 2.6x |
Price to Earnings Ratio
26x
Current Industry PE
- Investors are optimistic on the Australian Renewable Energy industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 3.0x is lower than the industry's current PS ratio of 8.8x.
Past Earnings Growth
- Total earnings for the Renewable Energy industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 24% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Australian Utilities industry?
| AU Market | -0.33% | |
| Utilities | -2.55% | |
| Renewable Energy | 2.85% | |
| Independent Power Producers and Energy Traders | 8.01% | |
| Renewable Energy | 2.62% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 17% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Renewable Energy industry is expected to see its earnings grow by 17% 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 | |
|---|---|---|---|---|---|
| FHE Frontier Energy | AU$0.47 | 17.5% +AU$31.2m | 16.0% | PE102.2x | |
| LGI LGI | AU$3.00 | 3.4% +AU$8.9m | 28.8% | PE37.7x | |
| VPR Volt Power Group | AU$0.0015 | 50.0% +AU$5.4m | 0% | PE26.5x | |
| RNE ReNu Energy | AU$0.008 | 14.3% +AU$726.1k | -81.6% | PB0.3x |
