We Think That There Are Some Issues For Engie Brasil Energia (BVMF:EGIE3) Beyond Its Promising Earnings
May 14
Brazilian (BOVESPA) Renewable Energy Industry Analysis
UpdatedMay 18, 2024
DataAggregated Company Financials
Companies6
- 7D2.7%
- 3M0.8%
- 1Y-4.3%
- YTDn/a
In the last week, the Renewable Energy industry is up 2.7%, with AES Brasil Energia up 15%. In contrast, the industry has lost 4.3% in the last 12 months. Earnings are forecast to grow by 18% annually.
Industry Valuation and Performance
Has the Brazilian Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 18 May 2024 | R$62.0b | R$24.0b | R$4.4b | 16.2x | 14.2x | 2.6x |
| Mon, 15 Apr 2024 | R$59.2b | R$24.2b | R$3.4b | 30.7x | 17.1x | 2.4x |
| Wed, 13 Mar 2024 | R$60.3b | R$24.2b | R$4.1b | 20x | 14.8x | 2.5x |
| Fri, 09 Feb 2024 | R$61.2b | R$24.2b | R$4.0b | 23.6x | 15.4x | 2.5x |
| Sun, 07 Jan 2024 | R$65.8b | R$23.9b | R$6.3b | 17x | 10.4x | 2.7x |
| Tue, 05 Dec 2023 | R$65.5b | R$23.9b | R$6.3b | 17.1x | 10.4x | 2.7x |
| Thu, 02 Nov 2023 | R$58.7b | R$23.7b | R$7.2b | 10.1x | 8.2x | 2.5x |
| Sat, 30 Sep 2023 | R$62.8b | R$23.7b | R$7.2b | 10.4x | 8.7x | 2.6x |
| Mon, 28 Aug 2023 | R$64.2b | R$23.7b | R$7.2b | 10.6x | 8.9x | 2.7x |
| Wed, 26 Jul 2023 | R$68.1b | R$23.8b | R$6.8b | 26.5x | 10x | 2.9x |
| Fri, 23 Jun 2023 | R$69.1b | R$23.8b | R$6.8b | 26.8x | 10.2x | 2.9x |
| Sun, 21 May 2023 | R$64.1b | R$23.7b | R$6.8b | 24.5x | 9.4x | 2.7x |
| Tue, 18 Apr 2023 | R$62.8b | R$23.4b | R$6.3b | 12.6x | 9.9x | 2.7x |
| Thu, 16 Mar 2023 | R$63.4b | R$23.4b | R$5.8b | 12.9x | 11x | 2.7x |
| Sat, 11 Feb 2023 | R$59.7b | R$20.6b | R$3.1b | 16.8x | 19.3x | 2.9x |
| Mon, 09 Jan 2023 | R$58.6b | R$20.6b | R$3.1b | 16.3x | 18.9x | 2.8x |
| Wed, 07 Dec 2022 | R$59.6b | R$20.6b | R$3.1b | 16x | 19.2x | 2.9x |
| Fri, 04 Nov 2022 | R$61.3b | R$20.8b | R$3.1b | 15.7x | 19.5x | 3x |
| Sun, 02 Oct 2022 | R$57.0b | R$19.8b | R$3.0b | 12.8x | 19.1x | 2.9x |
| Tue, 30 Aug 2022 | R$59.8b | R$19.8b | R$3.0b | 12.5x | 20x | 3x |
| Thu, 28 Jul 2022 | R$63.6b | R$19.0b | R$2.8b | 12.5x | 22.5x | 3.3x |
| Sat, 25 Jun 2022 | R$58.9b | R$19.0b | R$2.8b | 12.7x | 20.8x | 3.1x |
| Mon, 23 May 2022 | R$62.2b | R$18.3b | R$2.8b | 14.1x | 22.1x | 3.4x |
| Wed, 20 Apr 2022 | R$88.0b | R$20.0b | R$4.8b | 12.8x | 18.2x | 4.4x |
| Fri, 18 Mar 2022 | R$59.8b | R$19.0b | R$4.7b | 10.5x | 12.7x | 3.1x |
| Sun, 13 Feb 2022 | R$59.0b | R$19.4b | R$4.5b | 8x | 13.1x | 3x |
| Tue, 11 Jan 2022 | R$56.9b | R$19.4b | R$4.5b | 8.8x | 12.6x | 2.9x |
| Thu, 09 Dec 2021 | R$53.0b | R$17.8b | R$4.7b | 8.3x | 11.3x | 3x |
| Sat, 06 Nov 2021 | R$55.0b | R$17.2b | R$4.7b | 11x | 11.7x | 3.2x |
| Mon, 04 Oct 2021 | R$54.1b | R$17.4b | R$4.2b | 11.2x | 13x | 3.1x |
| Wed, 01 Sep 2021 | R$55.6b | R$17.4b | R$4.2b | 12x | 13.4x | 3.2x |
| Thu, 08 Jul 2021 | R$56.5b | R$17.4b | R$4.2b | 12.6x | 13.6x | 3.3x |
Price to Earnings Ratio
11.9x
Current Industry PE
- Investors are relatively neutral on the Brazilian Renewable Electricity industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 14.2x.
- The 3-year average PS ratio of 2.9x is higher than the industry's current PS ratio of 2.6x.
Past Earnings Growth
- The earnings for companies in the Renewable Electricity industry have declined 3.5% per year over the last three years.
- Meanwhile revenues for these companies have grown 13% 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, which has decreased profits.
Industry Comparison
How does Brazilian Renewable Energy compare with similar industries?
| BR Market | 0.32% | |
| Utilities | 1.36% | |
| Renewable Energy | 2.56% | |
| Renewable Energy | 2.66% | |
| Independent Power Producers and Energy Traders | 2.25% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| AESB3 AES Brasil Energia | R$11.05 | 15.2% +R$878.8m | -10.7% | PE481.9x | |
| SRNA3 Serena Energia | R$9.41 | 9.4% +R$504.4m | 2.3% | PE20.8x | |
| EGIE3 Engie Brasil Energia | R$43.58 | 1.3% +R$473.2m | 2.3% | PE8.4x |