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Norwegian (OSEAX) Utilities Sector Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies9
- 7D-2.8%
- 3M4.9%
- 1Y-1.3%
- YTD-4.1%
Over the last 7 days, the Utilities industry has dropped 2.8%, driven by Scatec declining 4.1%. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are forecast to decline by 8.2% per annum.
Sector Valuation and Performance
Has the Norwegian Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | kr18.9b | kr20.9b | kr940.7m | 17.1x | 20.1x | 0.9x |
| Tue, 16 Apr 2024 | kr18.1b | kr23.1b | kr862.4m | 18x | 20.9x | 0.8x |
| Thu, 14 Mar 2024 | kr16.9b | kr23.3b | kr783.0m | 16.3x | 21.6x | 0.7x |
| Sat, 10 Feb 2024 | kr17.9b | kr26.9b | kr825.0m | 17.8x | 21.7x | 0.7x |
| Mon, 08 Jan 2024 | kr19.3b | kr26.8b | kr23.0m | 30.7x | 836.1x | 0.7x |
| Wed, 06 Dec 2023 | kr18.6b | kr26.8b | kr16.8m | 25.3x | 1104.5x | 0.7x |
| Fri, 03 Nov 2023 | kr16.7b | kr26.7b | kr148.1m | 150.2x | 113.1x | 0.6x |
| Sun, 01 Oct 2023 | kr16.8b | kr30.4b | kr276.8m | 286.1x | 60.7x | 0.6x |
| Tue, 29 Aug 2023 | kr17.9b | kr30.5b | kr289.0m | 334.4x | 62.1x | 0.6x |
| Thu, 27 Jul 2023 | kr20.0b | kr31.0b | -kr297,072,371.00 | 26.2x | -67.4x | 0.6x |
| Sat, 24 Jun 2023 | kr17.9b | kr30.9b | -kr306,084,104.00 | 22x | -58.4x | 0.6x |
| Mon, 22 May 2023 | kr19.0b | kr30.9b | -kr335,439,129.00 | 21.5x | -56.8x | 0.6x |
| Wed, 19 Apr 2023 | kr17.9b | kr29.8b | -kr1,415,835,533.00 | 25.9x | -12.6x | 0.6x |
| Fri, 17 Mar 2023 | kr16.5b | kr29.8b | -kr1,395,484,580.00 | 23.1x | -11.8x | 0.6x |
| Sun, 12 Feb 2023 | kr19.4b | kr27.6b | -kr1,225,960,944.00 | 34.2x | -15.8x | 0.7x |
| Tue, 10 Jan 2023 | kr20.3b | kr27.6b | -kr717,253,373.00 | 32.8x | -28.3x | 0.7x |
| Thu, 08 Dec 2022 | kr20.6b | kr27.6b | -kr717,098,907.00 | 35.6x | -28.7x | 0.7x |
| Sat, 05 Nov 2022 | kr21.0b | kr28.0b | -kr685,955,920.00 | 36.6x | -30.6x | 0.8x |
| Mon, 03 Oct 2022 | kr18.5b | kr23.5b | -kr885,805,538.00 | 5.7x | -20.9x | 0.8x |
| Wed, 31 Aug 2022 | kr24.2b | kr23.3b | -kr870,120,208.00 | 7.2x | -27.8x | 1x |
| Fri, 29 Jul 2022 | kr24.6b | kr21.8b | -kr811,230,195.00 | 11.1x | -30.3x | 1.1x |
| Sun, 26 Jun 2022 | kr22.2b | kr21.6b | -kr621,983,411.00 | 11.5x | -35.7x | 1x |
| Tue, 24 May 2022 | kr23.9b | kr21.6b | -kr601,630,709.00 | 13.3x | -39.7x | 1.1x |
| Thu, 21 Apr 2022 | kr29.5b | kr18.7b | kr649.4m | 9x | 45.4x | 1.6x |
| Sat, 19 Mar 2022 | kr43.4b | kr18.7b | kr664.8m | 11.1x | 65.3x | 2.3x |
| Mon, 14 Feb 2022 | kr39.3b | kr18.6b | kr701.4m | 12.4x | 56x | 2.1x |
| Wed, 12 Jan 2022 | kr49.9b | kr14.0b | -kr14,768,719.00 | 11.3x | -3382x | 3.6x |
| Fri, 10 Dec 2021 | kr53.8b | kr14.0b | kr5.0m | 10.4x | 10663.6x | 3.8x |
| Sun, 07 Nov 2021 | kr58.2b | kr12.0b | -kr57,728,675.00 | 22.4x | -1008.3x | 4.8x |
| Tue, 05 Oct 2021 | kr53.4b | kr11.9b | -kr239,056,790.00 | 25.3x | -223.4x | 4.5x |
| Thu, 02 Sep 2021 | kr58.1b | kr11.9b | -kr239,536,153.35 | 26.1x | -242.7x | 4.9x |
| Sat, 31 Jul 2021 | kr56.5b | kr11.9b | -kr239,536,153.35 | 25x | -235.9x | 4.7x |
Price to Earnings Ratio
-141.4x
Current Industry PE
- Investors are pessimistic on the Norwegian Utilities 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 20.1x which is lower than its 3-year average PE of 315x.
- The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 0.91x.
Past Earnings Growth
- Total earnings for the Utilities industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 28% 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 Norwegian Utilities sector?
| NO Market | -1.02% | |
| Utilities | -2.82% | |
| Gas Utilities | 0% | |
| Other Utilities | 0% | |
| Water Utilities | 0% | |
| Electric Utilities | -2.58% | |
| Renewable Energy | -2.87% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 0.18x.
- Analysts are expecting annual earnings decline of 13.3%, which is lower than the prior year's growth of 130.5% per year.
- Investors are most pessimistic about the Electric Utilities industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 1.2x.
Forecasted Growth
- Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 14% over the next 5 years.
- However this is lower than its past earnings growth rate of 133% per year.
- In contrast, the Renewable Energy industry is expected to see its earnings decline by 13% 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 | |
|---|---|---|---|---|---|
| CLOUD Cloudberry Clean Energy | kr9.30 | 1.9% +kr49.1m | -21.7% | PE9.9x | |
| MPCES MPC Energy Solutions | kr13.50 | 13.0% +kr34.5m | 6.3% | PS2.8x |
