Engenco (ASX:EGN) Could Be Struggling To Allocate Capital
May 01
Australian (ASX) Machinery Industry Analysis
UpdatedMay 02, 2024
DataAggregated Company Financials
Companies15
- 7D5.2%
- 3M13.8%
- 1Y38.5%
- YTD21.4%
The Machinery industry is up 5.2% in the last week, with Silex Systems up 14%. In the same time, Engenco was down 17%. In the last 12 months, the industry was up 38%. Earnings are forecast to grow by 51% annually.
Industry Valuation and Performance
Has the Australian Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 02 May 2024 | AU$3.0b | AU$1.3b | -AU$32,360,785.13 | 19.8x | -94x | 2.3x |
| Sat, 30 Mar 2024 | AU$2.9b | AU$1.3b | -AU$32,360,972.72 | 20.1x | -90.6x | 2.2x |
| Mon, 26 Feb 2024 | AU$2.5b | AU$1.2b | -AU$16,550,130.52 | 19.5x | -149.2x | 2x |
| Wed, 24 Jan 2024 | AU$2.5b | AU$1.2b | -AU$25,459,037.00 | 19.5x | -98.9x | 2.1x |
| Fri, 22 Dec 2023 | AU$2.3b | AU$1.2b | -AU$26,442,152.00 | 20.8x | -87.1x | 1.9x |
| Sun, 19 Nov 2023 | AU$2.0b | AU$1.2b | -AU$26,737,321.00 | 19.7x | -74x | 1.7x |
| Tue, 17 Oct 2023 | AU$2.0b | AU$1.2b | -AU$26,385,782.00 | 19x | -75.1x | 1.7x |
| Thu, 14 Sep 2023 | AU$2.1b | AU$1.2b | -AU$26,312,276.00 | 20.3x | -79.7x | 1.8x |
| Sat, 12 Aug 2023 | AU$2.0b | AU$1.1b | -AU$26,325,543.00 | 23.5x | -75.5x | 1.8x |
| Mon, 10 Jul 2023 | AU$2.0b | AU$1.1b | -AU$28,441,165.00 | 20.7x | -69.6x | 1.8x |
| Wed, 07 Jun 2023 | AU$1.2b | AU$1.1b | -AU$14,700,627.00 | 21.3x | -79x | 1.1x |
| Fri, 05 May 2023 | AU$1.3b | AU$1.1b | -AU$14,861,553.00 | 22.9x | -86.4x | 1.2x |
| Sun, 02 Apr 2023 | AU$1.2b | AU$1.1b | -AU$14,827,998.00 | 21x | -82.6x | 1.1x |
| Tue, 28 Feb 2023 | AU$1.4b | AU$1.3b | -AU$22,741,340.00 | 24.6x | -59.5x | 1.1x |
| Thu, 26 Jan 2023 | AU$1.3b | AU$1.1b | -AU$16,773,079.00 | 22.5x | -80.2x | 1.2x |
| Sat, 24 Dec 2022 | AU$1.3b | AU$1.1b | -AU$15,205,491.00 | 22.2x | -83.6x | 1.1x |
| Mon, 21 Nov 2022 | AU$1.3b | AU$1.1b | -AU$15,074,443.00 | 23x | -84.6x | 1.1x |
| Wed, 19 Oct 2022 | AU$1.3b | AU$1.2b | -AU$16,206,204.00 | 22.6x | -78.5x | 1.1x |
| Fri, 16 Sep 2022 | AU$1.3b | AU$1.1b | -AU$14,659,194.00 | 22.5x | -91.1x | 1.2x |
| Sun, 14 Aug 2022 | AU$1.3b | AU$1.0b | -AU$16,673,763.00 | 18.8x | -75.4x | 1.3x |
| Tue, 12 Jul 2022 | AU$1.3b | AU$1.0b | -AU$15,744,375.00 | 19.5x | -84.6x | 1.3x |
| Thu, 09 Jun 2022 | AU$1.4b | AU$991.3m | -AU$28,091,863.00 | 20.3x | -49.3x | 1.4x |
| Sat, 07 May 2022 | AU$1.6b | AU$1.0b | -AU$29,056,376.00 | 20.7x | -54.8x | 1.6x |
| Mon, 04 Apr 2022 | AU$1.9b | AU$994.9m | -AU$27,996,941.00 | 23.2x | -66.3x | 1.9x |
| Wed, 02 Mar 2022 | AU$1.9b | AU$1.0b | -AU$14,360,344.00 | 22x | -134.6x | 1.9x |
| Fri, 28 Jan 2022 | AU$1.8b | AU$970.9m | -AU$24,898,756.00 | 19.9x | -70.9x | 1.8x |
| Sun, 26 Dec 2021 | AU$2.1b | AU$951.3m | -AU$28,879,286.00 | 22.8x | -71.9x | 2.2x |
| Tue, 23 Nov 2021 | AU$2.3b | AU$950.2m | -AU$28,747,372.00 | 23.2x | -79.7x | 2.4x |
| Thu, 21 Oct 2021 | AU$2.6b | AU$956.9m | -AU$27,818,549.00 | 30.7x | -92.3x | 2.7x |
| Sat, 18 Sep 2021 | AU$3.1b | AU$759.1m | -AU$31,022,202.00 | 26.7x | -100.9x | 4.1x |
| Mon, 16 Aug 2021 | AU$1.4b | AU$952.5m | -AU$18,848,068.24 | 20.1x | -75.3x | 1.5x |
| Mon, 31 May 2021 | AU$1.3b | AU$984.2m | AU$1.9m | 12.2x | 683.8x | 1.3x |
Price to Earnings Ratio
662.7x
Current Industry PE
- Investors are optimistic on the Australian Machinery industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 2.3x.
Past Earnings Growth
- Total earnings for the Machinery industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 10% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Australian Industrials industry?
| AU Market | -1.54% | |
| Industrials | -2.51% | |
| Machinery | 5.22% | |
| Industrial Machinery | 6.77% | |
| Agricultural Machinery | 0% | |
| Construction Machinery and Vehicles | -0.67% | |
Industry PE
- Investors are most optimistic about the Construction Machinery and Vehicles industry even though it's trading below its 3-year average PE ratio of 96.5x.
- Analysts are expecting annual earnings growth of 25.4%, which is lower than the prior year's growth of 41.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 57% over the next 5 years.
- This is better than its past earnings growth rate of 40% per year.
- In contrast, the Construction Machinery and Vehicles industry is expected to see its earnings grow by 25% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SLX Silex Systems | AU$5.43 | 14.3% +AU$161.0m | 69.7% | PS152.7x | |
| ANG Austin Engineering | AU$0.50 | 4.2% +AU$11.7m | 66.7% | PE14x | |
| XRF XRF Scientific | AU$1.40 | 5.7% +AU$10.4m | 14.8% | PE22.9x | |
| VEE VEEM | AU$1.81 | 0.8% +AU$2.0m | 277.1% | PE42.5x | |
| A3D Aurora Labs | AU$0.036 | -7.7% AU$1.5m | 80.0% | PS58x |
