Jersey Electricity (LSE: JEL)

Last close As at 20/06/2024

GBP4.80

0.00 (0.00%)

Market capitalisation

GBP57m

Jersey Electricity is the monopoly supplier of electricity to the island of Jersey. It also operates businesses in retail, property and business services on the island.

Latest Insights

View More

Industrials | Outlook

Jersey Electricity — Decarbonisation fuelling growth

Industrials | Outlook

Jersey Electricity — Managing transition well

Industrials | Outlook

Jersey Electricity — Continuing dividend growth forecast

Sector

Industrials

Equity Analyst

Harry Kilby

Analyst

Key Management

  • Chris Ambler

    CEO

  • Lynne Fulton

    CFO

  • Phil Austin

    Chairman

Balance Sheet

Forecast net cash (£m)

10.9

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 7.8 11.8 0.4
Relative 10.3 5.5 (7.3)
52 week high/low 485.0p/405.0p

Financials

Jersey Electricity (JEL) is intensifying its focus on energy security and electrification across Jersey by creating opportunities to accelerate growth. It successfully navigated the volatile wholesale power price environment in 2020–23, shielding its customer base from the worst inflationary pressures. However, from 2025, as older, more favourable hedges expire, this protection will diminish. Therefore, we have marginally reduced our earnings forecasts to account for the increased exposure to wholesale prices. Nonetheless, JEL remains well-positioned for continued growth, driven by decarbonisation and electrification over the long term.

Y/E Sep Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2022A 117.4 21.9 10.6 27.2 17.8 5.8
2023A 128.7 27.1 14.9 36.8 13.2 7.0
2024E 139.5 24.3 11.3 29.0 16.7 5.4
2025E 148.2 25.4 12.0 30.7 15.8 4.5

Thematics

thematic

Industrials

Deutsches Eigenkapitalforum (EKF) 2023 industrials

thematic

Industrials

The long and winding road

thematic

Industrials

Quantum computing: A booming industry

thematic

Industrials

UK housebuilders

Subscribe to Edison

Get access to the very latest content matched to your personal investment style.

Sign up for free