Does Enlight Renewable Energy (TLV:ENLT) Have A Healthy Balance Sheet?
Oct 22
Israeli (TA) Renewable Energy Industry Analysis
UpdatedOct 29, 2023
DataAggregated Company Financials
Companies11
- 7D-6.5%
- 3M-26.8%
- 1Y-33.8%
- YTD-24.0%
Over the last 7 days, the Renewable Energy industry has dropped 5.9%, driven by declines in Meshek Energy - Renewable Energies and Enlight Renewable Energy of 13% and 4.3%, respectively. The industry has fallen 30% in the last year. 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 |
|---|---|---|---|---|---|---|
| Sun, 29 Oct 2023 | ₪18.6b | ₪2.8b | ₪563.1m | 20.6x | 33x | 6.5x |
| Tue, 26 Sep 2023 | ₪22.5b | ₪2.5b | ₪221.0m | 27.2x | 101.7x | 9x |
| Thu, 24 Aug 2023 | ₪22.2b | ₪2.5b | ₪406.8m | 24.3x | 54.4x | 8.9x |
| Sat, 22 Jul 2023 | ₪23.6b | ₪2.3b | ₪338.8m | 30.1x | 69.7x | 10.5x |
| Mon, 19 Jun 2023 | ₪22.7b | ₪2.2b | ₪301.5m | 22.7x | 75.3x | 10.2x |
| Wed, 17 May 2023 | ₪22.8b | ₪2.3b | ₪1.4b | 18.8x | 16.2x | 9.8x |
| Fri, 14 Apr 2023 | ₪22.6b | ₪2.0b | ₪176.7m | 71.4x | 127.8x | 11.1x |
| Sun, 12 Mar 2023 | ₪22.1b | ₪1.9b | ₪96.7m | 96.2x | 228.8x | 11.8x |
| Tue, 07 Feb 2023 | ₪22.8b | ₪1.8b | ₪14.6m | 92.8x | 1563.5x | 12.8x |
| Thu, 05 Jan 2023 | ₪20.0b | ₪1.8b | -₪1,252,413.00 | 85x | -16009x | 11.4x |
| Sat, 03 Dec 2022 | ₪22.8b | ₪1.8b | -₪29,307,043.00 | 97.4x | -779x | 12.9x |
| Mon, 31 Oct 2022 | ₪22.4b | ₪1.5b | -₪70,732,588.00 | 370.6x | -316.5x | 14.9x |
| Wed, 28 Sep 2022 | ₪24.4b | ₪1.5b | -₪69,027,691.00 | 393.5x | -353.9x | 16.2x |
| Fri, 26 Aug 2022 | ₪28.4b | ₪1.5b | ₪88.0m | 59.4x | 322.1x | 19.2x |
| Sun, 24 Jul 2022 | ₪22.0b | ₪1.4b | ₪8.8m | 65.6x | 2493.4x | 16.2x |
| Tue, 21 Jun 2022 | ₪18.9b | ₪1.4b | -₪27,955,288.00 | 52.4x | -674.6x | 13.9x |
| Thu, 19 May 2022 | ₪18.8b | ₪1.2b | -₪18,016,800.00 | 116.6x | -1044x | 15.4x |
| Sat, 16 Apr 2022 | ₪21.9b | ₪1.2b | -₪19,967,714.00 | 138.4x | -1097.7x | 17.8x |
| Mon, 14 Mar 2022 | ₪23.3b | ₪1.1b | -₪209,578,416.00 | 135.3x | -111.4x | 20.4x |
| Wed, 09 Feb 2022 | ₪20.3b | ₪1.1b | -₪170,829,000.00 | 134.4x | -118.9x | 17.8x |
| Fri, 07 Jan 2022 | ₪22.7b | ₪1.1b | -₪143,769,000.00 | 141.1x | -157.5x | 20.6x |
| Sun, 05 Dec 2021 | ₪22.8b | ₪1.0b | -₪125,536,000.00 | 161.8x | -181.9x | 22.6x |
| Tue, 02 Nov 2021 | ₪23.7b | ₪966.9m | -₪373,799,000.00 | 137.9x | -63.4x | 24.5x |
| Thu, 30 Sep 2021 | ₪21.3b | ₪966.9m | -₪373,799,000.00 | 123.8x | -57x | 22x |
| Sat, 28 Aug 2021 | ₪20.0b | ₪889.8m | -₪377,066,000.00 | 123x | -53.1x | 22.5x |
| Sun, 04 Jul 2021 | ₪20.4b | ₪889.8m | -₪377,066,000.00 | 170.9x | -54.1x | 22.9x |
| Wed, 07 Apr 2021 | ₪19.3b | ₪890.5m | -₪369,890,500.00 | 92.8x | -52.1x | 21.7x |
| Sat, 09 Jan 2021 | ₪19.7b | ₪846.2m | -₪329,229,000.00 | 91.6x | -59.9x | 23.3x |
Price to Earnings Ratio
213.1x
Current Industry PE
- Investors are optimistic on the Israeli Renewable Electricity industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 33.7x which is higher than its 3-year average PE of -1kx.
- The 3-year average PS ratio of 17.4x is higher than the industry's current PS ratio of 6.7x.
Past Earnings Growth
- The earnings for companies in the Renewable Electricity industry have grown 92% per year over the last three years.
- Revenues for these companies have grown 65% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Israeli Renewable Energy compare with similar industries?
| IL Market | -4.29% | |
| Utilities | -7.30% | |
| Renewable Energy | -7.36% | |
| Renewable Energy | -6.45% | |
| Independent Power Producers and Energy Traders | -9.32% | |
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 | |
|---|---|---|---|---|---|
| ENLT Enlight Renewable Energy | ₪51.95 | 1.3% +₪76.5m | -29.9% | PE24.8x | |
| ZPRS Zephyrus Wing Energies | ₪13.76 | 0.5% +₪4.6m | n/a | PE2.8x |
