Ratings Contact Energy Limited

Equities

CEN

NZCENE0001S6

End-of-day quote New Zealand S.E. Other stock markets 23:00:00 29/04/2024 BST			5-day change	1st Jan Change
8.67 ^NZD	+0.23%		+0.81%	+8.24%

04-17	Contact Energy Customer Electricity, Gas Sales for March In Line with Year Prior	MT
03-28	Contact Energy Advances Commissioning of Tauhara Plant	MT

Summary

The company presents an interesting fundamental situation from a short-term investment perspective.

Strengths

The company's profit outlook over the next few years is a strong asset.
Before interest, taxes, depreciation and amortization, the company's margins are particularly high.
Over the past year, analysts have regularly revised upwards their sales forecast for the company.
For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.
Analysts covering this company mostly recommend stock overweighting or purchase.
The average price target of analysts who are interested in the stock has been strongly revised upwards over the last four months.

Weaknesses

The company is in a hindered financial situation with significant debt and rather low EBITDA levels.
With a 2024 P/E ratio at 26.76 times the estimated earnings, the company operates at rather significant levels of earnings multiples.
The company's enterprise value to sales, at 3.32 times its current sales, is high.

Ratings chart - Surperformance

Chart ESG Refinitiv

Sector: Electric Utilities

	1st Jan change	Capi.	Investor Rating	ESG Refinitiv
CONTACT ENERGY LIMITED	+8.24%	4.05B		B-
BROOKFIELD RENEWABLE CORPORATION	-16.15%	8.7B		B
CORPORACIÓN ACCIONA ENERGÍAS RENOVABLES, S.A.	-32.12%	6.66B		C-
ORMAT TECHNOLOGIES, INC.	-15.78%	3.85B		B
ENERGY ABSOLUTE	-30.51%	3.07B		B
ATLANTICA SUSTAINABLE INFRASTRUCTURE PLC	-8.98%	2.27B		B+
AES BRASIL ENERGIA S.A.	-23.13%	1.1B		B+
AKFEN YENILENEBILIR ENERJI	+67.25%	753M	-	-
GUNKUL ENGINEERING	-7.86%	600M		B+
BCPG	-23.30%	544M		B

Investor Rating

Trading Rating

ESG Refinitiv

Financials

Sales growth

Earnings Growth

EBITDA / Sales

Profitability

Finances

Valuation

P/E ratio

EV / Sales

Price to Book

Price to Free Cash Flow

Yield

Momentum

1 year Revenue revision

4 months Revenue revision

7 days Revenue revision

1 year EPS revision

4 months EPS revision

Consensus

Analyst Opinion

Potential Price Target

4m Target Price Revision

4m Revision of opinion

12m Revision of opinion

Business Predictability

Analyst Coverage

Divergence of Estimates

Divergence of analysts' opinions

Divergence of Target Price

Earnings quality

Environment

Emissions

Innovation

Use of resources

Governance

CSR Strategy

Management

Shareholders

Controversy

Technical analysis

ST Timing

MT Timing

LT Timing

RSI

Bollinger Spread

Unusual volumes