Kenon Holdings (TLV:KEN) May Have Issues Allocating Its Capital
Oct 25
Israeli (TA) Renewable Energy Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies13
- 7D-3.7%
- 3M-24.8%
- 1Y-36.9%
- YTD-29.1%
Over the last 7 days, the Renewable Energy industry has dropped 7.4%, driven by a pullback from Kenon Holdings of 9.0%. The industry has fallen 39% in the last year. Looking forward, earnings are forecast to grow by 58% annually.
Industry Valuation and Performance
Has the Israeli Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | ₪27.2b | ₪7.5b | -₪1,856,836,035.00 | 20.8x | -14.7x | 3.6x |
| Wed, 27 Sep 2023 | ₪31.6b | ₪7.0b | -₪2,044,596,493.00 | 29.3x | -15.5x | 4.5x |
| Fri, 25 Aug 2023 | ₪31.5b | ₪6.9b | -₪720,001,540.00 | 28.7x | -43.8x | 4.6x |
| Sun, 23 Jul 2023 | ₪34.0b | ₪6.3b | -₪723,671,225.00 | 35.3x | -47x | 5.4x |
| Tue, 20 Jun 2023 | ₪33.5b | ₪6.3b | -₪751,757,466.00 | 24.2x | -44.5x | 5.3x |
| Thu, 18 May 2023 | ₪34.8b | ₪6.3b | ₪2.7b | 18.8x | 12.8x | 5.5x |
| Sat, 15 Apr 2023 | ₪33.5b | ₪6.1b | ₪1.5b | 33.1x | 22.4x | 5.5x |
| Mon, 13 Mar 2023 | ₪33.2b | ₪5.8b | ₪5.8b | 72.7x | 5.8x | 5.8x |
| Wed, 08 Feb 2023 | ₪36.1b | ₪5.6b | ₪5.5b | 83.5x | 6.6x | 6.5x |
| Fri, 06 Jan 2023 | ₪33.5b | ₪5.6b | ₪5.6b | 84.3x | 6x | 6x |
| Sun, 04 Dec 2022 | ₪37.6b | ₪5.5b | ₪5.3b | 91x | 7x | 6.8x |
| Tue, 01 Nov 2022 | ₪37.8b | ₪5.1b | ₪5.1b | 203.5x | 7.5x | 7.4x |
| Thu, 29 Sep 2022 | ₪38.9b | ₪5.1b | ₪5.1b | 226.2x | 7.6x | 7.6x |
| Sat, 27 Aug 2022 | ₪43.9b | ₪4.8b | ₪4.5b | 53.2x | 9.8x | 9.1x |
| Mon, 25 Jul 2022 | ₪37.0b | ₪4.8b | ₪4.6b | 51.6x | 8x | 7.7x |
| Wed, 22 Jun 2022 | ₪36.4b | ₪4.8b | ₪4.6b | 45.2x | 7.9x | 7.6x |
| Fri, 20 May 2022 | ₪34.8b | ₪4.4b | ₪2.9b | 65.3x | 12x | 7.8x |
| Sun, 17 Apr 2022 | ₪39.4b | ₪4.4b | ₪2.8b | 76.5x | 14.3x | 9x |
| Tue, 15 Mar 2022 | ₪41.7b | ₪4.1b | ₪1.8b | 116.6x | 23.4x | 10.1x |
| Thu, 10 Feb 2022 | ₪38.7b | ₪4.1b | ₪1.8b | 114x | 21.8x | 9.4x |
| Sat, 08 Jan 2022 | ₪37.0b | ₪4.0b | ₪1.7b | 115.9x | 21.3x | 9.2x |
| Mon, 06 Dec 2021 | ₪36.7b | ₪4.0b | ₪1.8b | 134.1x | 20.5x | 9.3x |
| Wed, 03 Nov 2021 | ₪38.8b | ₪3.8b | ₪1.2b | 121.8x | 31.7x | 10.2x |
| Fri, 01 Oct 2021 | ₪33.0b | ₪3.9b | ₪1.3b | 107.5x | 25.9x | 8.6x |
| Sun, 29 Aug 2021 | ₪32.7b | ₪3.8b | ₪1.3b | 102.1x | 25.4x | 8.6x |
| Mon, 05 Jul 2021 | ₪32.5b | ₪3.8b | ₪1.3b | 127x | 25.2x | 8.6x |
| Thu, 08 Apr 2021 | ₪31.2b | ₪3.7b | ₪1.8b | 74.8x | 17.6x | 8.5x |
| Sun, 10 Jan 2021 | ₪30.8b | ₪3.4b | ₪1.2b | 60.2x | 25.3x | 9x |
Price to Earnings Ratio
21.9x
Current Industry PE
- Investors are pessimistic on the Israeli Renewable Energy industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 7.7x is higher than the industry's current PS ratio of 3.6x.
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.
- Meanwhile revenues have grown 33% 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 Trends
Which industries have driven the changes within the Israeli Utilities industry?
| IL Market | -0.64% | |
| Utilities | -3.71% | |
| Renewable Energy | -3.75% | |
| Renewable Energy | -2.47% | |
| Independent Power Producers and Energy Traders | -6.48% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 58.0%, which is lower than the prior year's growth of 608.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 58% over the next 5 years.
- In contrast, the Renewable Energy industry is expected to see its earnings grow by 58% 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 | |
|---|---|---|---|---|---|
| ENLT Enlight Renewable Energy | ₪52.93 | 5.5% +₪324.6m | -26.1% | PE25.5x | |
| ENRG Energix - Renewable Energies | ₪9.70 | 1.3% +₪70.1m | -21.5% | PE15x | |
| ZPRS Zephyrus Wing Energies | ₪13.53 | 1.9% +₪16.5m | n/a | PE2.7x |
