Byron Energy Limited (ASX:BYE) Might Not Be As Mispriced As It Looks After Plunging 27%
Apr 29
Australian (ASX) Energy Sector Analysis
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies110
- 7D0.5%
- 3M-6.2%
- 1Y-1.1%
- YTD-2.9%
Over the last 7 days, the Energy industry has remained flat, although notably Paladin Energy gained 21%. Furthermore, the industry has been flat for the past year as well. Looking forward, earnings are forecast to grow by 11% annually.
Sector Valuation and Performance
Has the Australian Energy Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 08 May 2024 | AU$134.4b | AU$113.1b | AU$7.5b | 7.2x | 17.8x | 1.2x |
| Fri, 05 Apr 2024 | AU$140.1b | AU$113.1b | AU$7.5b | 7.5x | 18.6x | 1.2x |
| Sun, 03 Mar 2024 | AU$135.6b | AU$113.9b | AU$8.0b | 9.3x | 17x | 1.2x |
| Tue, 30 Jan 2024 | AU$142.7b | AU$129.0b | AU$19.4b | 6.2x | 7.3x | 1.1x |
| Thu, 28 Dec 2023 | AU$137.0b | AU$127.6b | AU$19.0b | 5.9x | 7.2x | 1.1x |
| Sat, 25 Nov 2023 | AU$133.8b | AU$129.2b | AU$19.5b | 5.2x | 6.9x | 1x |
| Mon, 23 Oct 2023 | AU$145.9b | AU$130.9b | AU$20.0b | 6x | 7.3x | 1.1x |
| Wed, 20 Sep 2023 | AU$148.0b | AU$129.9b | AU$19.7b | 4.9x | 7.5x | 1.1x |
| Fri, 18 Aug 2023 | AU$146.7b | AU$128.2b | AU$22.8b | 5.7x | 6.4x | 1.1x |
| Sun, 16 Jul 2023 | AU$139.5b | AU$126.9b | AU$22.8b | 5.6x | 6.1x | 1.1x |
| Tue, 13 Jun 2023 | AU$135.1b | AU$127.4b | AU$23.0b | 6.2x | 5.9x | 1.1x |
| Thu, 11 May 2023 | AU$146.2b | AU$129.3b | AU$24.1b | 6.6x | 6.1x | 1.1x |
| Sat, 08 Apr 2023 | AU$147.4b | AU$129.8b | AU$24.2b | 6.9x | 6.1x | 1.1x |
| Mon, 06 Mar 2023 | AU$166.9b | AU$143.8b | AU$23.6b | 6.1x | 7.1x | 1.2x |
| Wed, 01 Feb 2023 | AU$166.1b | AU$108.5b | AU$14.0b | 7.5x | 11.9x | 1.5x |
| Fri, 30 Dec 2022 | AU$161.3b | AU$109.6b | AU$14.3b | 7.2x | 11.3x | 1.5x |
| Sun, 27 Nov 2022 | AU$166.4b | AU$109.5b | AU$14.3b | 7x | 11.7x | 1.5x |
| Tue, 25 Oct 2022 | AU$165.8b | AU$111.3b | AU$14.8b | 7.1x | 11.2x | 1.5x |
| Thu, 22 Sep 2022 | AU$157.7b | AU$109.1b | AU$14.0b | 7.8x | 11.2x | 1.4x |
| Sat, 20 Aug 2022 | AU$155.6b | AU$86.0b | AU$8.1b | 9.4x | 19.3x | 1.8x |
| Mon, 18 Jul 2022 | AU$170.4b | AU$79.4b | AU$4.8b | 10.8x | 35.9x | 2.1x |
| Wed, 15 Jun 2022 | AU$152.5b | AU$79.1b | AU$4.7b | 11.6x | 32.6x | 1.9x |
| Fri, 13 May 2022 | AU$120.4b | AU$79.1b | AU$4.7b | 10.5x | 25.7x | 1.5x |
| Sun, 10 Apr 2022 | AU$125.5b | AU$78.0b | AU$4.5b | 12.5x | 28x | 1.6x |
| Tue, 08 Mar 2022 | AU$129.7b | AU$78.4b | AU$5.0b | 16x | 26x | 1.7x |
| Thu, 03 Feb 2022 | AU$112.9b | AU$63.0b | -AU$404,180,421.00 | 36.7x | -279.2x | 1.8x |
| Sat, 01 Jan 2022 | AU$103.5b | AU$62.7b | -AU$415,607,790.00 | 33.2x | -249x | 1.6x |
| Mon, 29 Nov 2021 | AU$94.4b | AU$63.0b | -AU$399,595,395.00 | 33.5x | -236.3x | 1.5x |
| Wed, 27 Oct 2021 | AU$105.2b | AU$62.4b | -AU$437,575,781.00 | 35.6x | -240.5x | 1.7x |
| Fri, 24 Sep 2021 | AU$93.2b | AU$62.8b | -AU$393,832,125.00 | 33.6x | -236.5x | 1.5x |
| Sun, 22 Aug 2021 | AU$80.7b | AU$61.6b | -AU$198,560,481.73 | 26x | -406.3x | 1.3x |
| Fri, 09 Jul 2021 | AU$87.0b | AU$61.6b | -AU$199,465,357.73 | 31.5x | -436.2x | 1.4x |
Price to Earnings Ratio
-21.4x
Current Industry PE
- Investors are pessimistic on the Australian 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 17.8x which is higher than its 3-year average PE of -56.6x.
- The 3-year average PS ratio of 1.4x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- Total earnings for the Energy industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 23% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Australian Energy sector?
| AU Market | 1.62% | |
| Energy | 0.51% | |
| Energy Services | 4.24% | |
| Oil and Gas | 0.48% | |
Industry PE
- Investors are most optimistic about the Oil and Gas industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 11.1%, which is higher than its past year's earnings decline of 41.1% per year.
- Investors are most pessimistic about the Energy Services industry, which is trading below its 3-year average of 49.6x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas industry, expecting annual earnings growth of 11% over the next 5 years.
- This is better than its past earnings decline of 41% per year.
- In contrast, the Energy Services industry is expected to see its earnings grow by 6.1% 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 | |
|---|---|---|---|---|---|
| WDS Woodside Energy Group | AU$27.88 | 1.4% +AU$721.5m | -17.4% | PE21x | |
| PDN Paladin Energy | AU$16.48 | 12.3% +AU$540.2m | 132.1% | PE58.2x | |
| YAL Yancoal Australia | AU$5.86 | 5.8% +AU$422.5m | 7.3% | PE4.3x | |
| STO Santos | AU$7.63 | 1.2% +AU$291.5m | 6.0% | PE11.5x | |
| VEA Viva Energy Group | AU$3.42 | 3.3% +AU$174.7m | 10.3% | PE1429.1x |