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Jersey Electricity (LSE: JEL)

Last close As at 20/11/2024

GBP4.30

— 0.00 (0.00%)

Market capitalisation

GBP51m

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

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Industrials | Outlook

Jersey Electricity — Decarbonisation fuelling growth

Industrials | Outlook

Jersey Electricity — Managing transition well

Industrials | Outlook

Jersey Electricity — Updated modelling of net zero implications

Industrials | Outlook

Jersey Electricity — Continuing dividend growth forecast
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Sector

Industrials

Equity Analyst

Andrew Keen

MD - Head of Content, Energy & Resources, Industrials

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 (1.2) (3.8) 3.6
Relative 0.2 (3.5) (6.9)
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 15.8 5.1
2023A 128.7 27.1 14.9 36.8 11.7 6.2
2024E 139.5 24.3 11.3 29.0 14.8 4.8
2025E 148.2 25.4 12.0 30.7 14.0 4.0

Research

Outlook

Industrials

Jersey Electricity — Managing transition well

Outlook

Industrials

Jersey Electricity — Updated modelling of net zero implications

Industrials

Outlook

Jersey Electricity — Decarbonisation fuelling growth

Outlook

Industrials

Jersey Electricity — Continuing dividend growth forecast

research

Industrials

Jersey Electricity — Strong cash generation

research

Industrials

Jersey Electricity — Stable returns and improving cash flow

Outlook

Industrials

Jersey Electricity — Update 21 February 2016

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Deutsches Eigenkapitalforum (EKF) 2023 industrials

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The long and winding road

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