Let's talk energy & infrastructureValuations
Q3 2021 quarterly valuation update for the energy and infrastructure sector | spotlight: energy price volatility
Q3 2021 quarterly valuation update for the energy and infrastructure sector | spotlight: energy price volatility
Welcome to the Q3 2021 edition of our quarterly valuation update, which provides a snapshot of some of the main publicly available valuation trends across the energy and infrastructure sector, covering both debt and equity metrics.
This quarter we continue to look at trends in debt and equity metrics relying primarily on publicly available information. In addition, we have included a spotlight on ongoing energy prices volatility in UK and Europe, focusing on the drivers, and near term and longer term forecasts.
Three trends from Q3 2021
- A continuation in Q3 2021 of the key trends in Q2, with continuing low cost of debt and a stable picture around the pricing of infrastructure and renewable energy funds.
- Funds have again commented on how the competition for assets is driving down discount rates.
- But the short term volatility has not had a significant effect on valuations which are ultimately driven far more by the long-term picture.
Download our quarterly valuation update for Q3 2021
Q3 2024 quarterly valuation update for the energy and infrastructure sector | spotlight: valuing projects towards the end of their lives
Explore the latest valuation trends in the energy and infrastructure sector, with a spotlight on valuing projects towards the end of their lives. Our Q3 2024 update provides a snapshot of some of the main publicly available valuation trends across the energy and infrastructure sector, covering both debt and equity metrics. Three key themes from […]
Q2 2024 quarterly valuation update for the energy and infrastructure sector | spotlight: NPV calculations
Explore the latest valuation trends in the energy and infrastructure sector, with a spotlight on the use of NPV calculations. Our Q2 2024 update provides a snapshot of key publicly available valuation trends across the energy and infrastructure sector, covering both debt and equity metrics. Three key themes from Q2 2024: Stable cost of debt […]
Q4 2023 quarterly valuation update for the energy and infrastructure sector | spotlight: valuing platform investments
Explore the latest valuation trends in the energy and infrastructure sector, with a spotlight on the challenges of valuing platform investments. Our Q4 2023 update offers a snapshot of key publicly available valuation trends, covering both debt and equity metrics across the sector. This quarter we continue to look at trends in debt and equity […]
Q3 2023 quarterly valuation update for the energy and infrastructure sector | spotlight: country risk premiums
Discover the latest valuation trends in the energy and infrastructure sector, with a spotlight on how country risk premiums are used in infrastructure valuations. Our Q3 2023 update offers a snapshot of key publicly available valuation trends, covering both debt and equity metrics across the sector. This quarter we continue to look at trends in […]
Q2 2023 quarterly valuation update for the energy and infrastructure sector | spotlight: impact of debt
Discover the latest valuation trends in the energy and infrastructure sector, with a spotlight on how debt impacts equity valuations. While traditional valuation theory links higher debt to increased risk and a higher cost of equity, infrastructure valuations require a more nuanced approach. Our Q2 2023 update provides a snapshot of key publicly available valuation […]
Q1 2023 quarterly valuation update for the energy and infrastructure sector | spotlight: impact of ESG considerations
This quarter we continue to look at trends in debt and equity metrics relying primarily on publicly available information. In relation to the equity trends, we use the Mazars indices of listed infrastructure funds and listed renewable energy funds, compiled on the basis set out in Appendix 1 to this update. Three key themes from […]
Q4 2022 quarterly valuation update for the energy and infrastructure sector | spotlight: valuing new sectors
Explore the latest valuation trends in the energy and infrastructure sector, with a spotlight on valuing new sectors by comparing return and risk expectations with established infrastructure sectors. Our Q4 2022 update provides a snapshot of key publicly available valuation trends, covering both debt and equity metrics. This quarter we continue to look at trends […]
Locational pricing – how UK energy market reform could impact asset valuations
Locational marginal pricing, if introduced, would represent the biggest change to the UK’s electricity market for decades, and its impact on asset valuations could be profound. In May 2022, National Grid ESO published its Net Zero Market Report, which explored the current market design for electricity across Britain. The report concluded that: “Britain’s electricity market […]
Q3 2022 quarterly valuation update for the energy and infrastructure sector | spotlight: valuing assets in uncertain times
Welcome to the Q3 2022 edition of our quarterly valuation update, which provides a snapshot of some of the main publicly available valuation trends across the energy and infrastructure sector, covering both debt and equity metrics. This quarter we continue to look at trends in debt and equity metrics relying primarily on publicly available information. […]
Q1 2022 quarterly valuation update for the energy and infrastructure sector | spotlight: inflation
Welcome to the Q1 2022 edition of our quarterly valuation update, which provides a snapshot of some of the main publicly available valuation trends across the energy and infrastructure sector, covering both debt and equity metrics. This quarter we continue to look at trends in debt and equity metrics relying primarily on publicly available information. […]
Q4 2021 quarterly valuation update for the energy and infrastructure sector | spotlight: traditional valuation methodologies
Welcome to the Q4 2021 edition of our quarterly valuation update, which provides a snapshot of some of the main publicly available valuation trends across the energy and infrastructure sector, covering both debt and equity metrics. This quarter we continue to look at trends in debt and equity metrics relying primarily on publicly available information. […]
Q2 2021 quarterly valuation update for the energy and infrastructure sector
This quarter we continue to explore trends in debt and equity metrics and have included a spotlight on digital infrastructure funds, looking at some emerging valuation trends from the two digital infrastructure funds that have recently been listed on the London Stock Exchange.
Q1 2021 quarterly valuation update for the energy and infrastructure sector
Infrastructure is an increasingly mature asset class, with a growing number of listed and unlisted funds established specifically to invest in and manage real assets across the energy and infrastructure sectors. To provide a fresh perspective on valuation metrics, Mazars has launched the ‘quarterly valuation update’ for the global energy and infrastructure sectors, covering both […]