Investor Optimism Abounds ALS Limited (ASX:ALQ) But Growth Is Lacking
Apr 30
Australian (ASX) Research and Consulting Services Industry Analysis
UpdatedMay 02, 2024
DataAggregated Company Financials
Companies13
- 7D-2.6%
- 3M3.4%
- 1Y-2.3%
- YTDn/a
Over the last 7 days, the Research and Consulting Services industry has dropped 2.6%, driven by a pullback from ALS of 3.1%. In contrast, QANTM Intellectual Property has gained 7.8%. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 11% per annum.
Industry Valuation and Performance
Has the Australian Research and Consulting Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 02 May 2024 | AU$8.6b | AU$3.4b | AU$316.3m | 23.7x | 27.2x | 2.5x |
| Sat, 30 Mar 2024 | AU$8.7b | AU$3.4b | AU$316.3m | 24.1x | 27.6x | 2.5x |
| Mon, 26 Feb 2024 | AU$8.2b | AU$3.4b | AU$302.9m | 25.7x | 27.1x | 2.4x |
| Wed, 24 Jan 2024 | AU$8.5b | AU$3.4b | AU$294.4m | 24.5x | 28.9x | 2.5x |
| Fri, 22 Dec 2023 | AU$8.4b | AU$3.4b | AU$302.0m | 24x | 27.9x | 2.5x |
| Sun, 19 Nov 2023 | AU$8.2b | AU$3.4b | AU$302.0m | 24x | 27x | 2.4x |
| Tue, 17 Oct 2023 | AU$7.9b | AU$3.3b | AU$304.6m | 23.5x | 25.8x | 2.4x |
| Thu, 14 Sep 2023 | AU$8.0b | AU$3.3b | AU$304.6m | 23.7x | 26.3x | 2.5x |
| Sat, 12 Aug 2023 | AU$8.2b | AU$3.2b | AU$287.5m | 26.5x | 28.4x | 2.6x |
| Mon, 10 Jul 2023 | AU$7.5b | AU$3.2b | AU$287.5m | 24.8x | 26.2x | 2.4x |
| Wed, 07 Jun 2023 | AU$8.1b | AU$3.2b | AU$287.7m | 26.2x | 28x | 2.5x |
| Fri, 05 May 2023 | AU$8.9b | AU$3.2b | AU$276.2m | 28.9x | 32.1x | 2.8x |
| Sun, 02 Apr 2023 | AU$8.3b | AU$3.2b | AU$276.4m | 26.2x | 30.1x | 2.6x |
| Tue, 28 Feb 2023 | AU$8.6b | AU$3.1b | AU$297.0m | 27.8x | 29x | 2.7x |
| Thu, 26 Jan 2023 | AU$8.9b | AU$3.1b | AU$294.3m | 30.2x | 30.2x | 2.9x |
| Sat, 24 Dec 2022 | AU$8.6b | AU$3.1b | AU$294.1m | 30x | 29.1x | 2.8x |
| Mon, 21 Nov 2022 | AU$8.6b | AU$3.1b | AU$294.2m | 30x | 29.2x | 2.8x |
| Wed, 19 Oct 2022 | AU$8.4b | AU$2.9b | AU$220.9m | 34.5x | 38x | 2.9x |
| Fri, 16 Sep 2022 | AU$8.5b | AU$2.9b | AU$221.7m | 34.3x | 38.2x | 2.9x |
| Sun, 14 Aug 2022 | AU$8.4b | AU$2.9b | AU$224.1m | 33.3x | 37.4x | 2.9x |
| Tue, 12 Jul 2022 | AU$7.4b | AU$2.9b | AU$223.1m | 30.4x | 33x | 2.5x |
| Thu, 09 Jun 2022 | AU$8.4b | AU$2.9b | AU$223.1m | 32.1x | 37.6x | 2.9x |
| Sat, 07 May 2022 | AU$8.5b | AU$2.8b | AU$211.1m | 32.9x | 40.1x | 3.1x |
| Mon, 04 Apr 2022 | AU$9.0b | AU$2.8b | AU$212.3m | 34.8x | 42.2x | 3.2x |
| Wed, 02 Mar 2022 | AU$8.7b | AU$2.8b | AU$204.8m | 34.9x | 42.3x | 3.1x |
| Fri, 28 Jan 2022 | AU$8.8b | AU$2.7b | AU$188.0m | 30.7x | 46.6x | 3.2x |
| Sun, 26 Dec 2021 | AU$10.0b | AU$2.7b | AU$188.0m | 35.6x | 53.3x | 3.7x |
| Tue, 23 Nov 2021 | AU$9.6b | AU$2.7b | AU$186.5m | 33.6x | 51.7x | 3.5x |
| Thu, 21 Oct 2021 | AU$10.3b | AU$2.5b | AU$180.6m | 36x | 57.1x | 4.1x |
| Sat, 18 Sep 2021 | AU$9.1b | AU$2.5b | AU$205.7m | 36.3x | 44.4x | 3.6x |
| Mon, 16 Aug 2021 | AU$8.7b | AU$2.5b | AU$205.9m | 32.2x | 42.1x | 3.4x |
| Mon, 31 May 2021 | AU$8.2b | AU$2.5b | AU$210.2m | 24.5x | 39.2x | 3.3x |
Price to Earnings Ratio
35.2x
Current Industry PE
- Investors are pessimistic on the Australian Research and Consulting Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 27.2x which is lower than its 3-year average PE of 35.4x.
- The 3-year average PS ratio of 2.9x is higher than the industry's current PS ratio of 2.5x.
Past Earnings Growth
- The earnings for companies in the Research and Consulting Services industry have grown 15% per year over the last three years.
- Revenues for these companies have grown 11% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Australian Research and Consulting Services compare with similar industries?
| AU Market | -1.54% | |
| Industrials | -2.51% | |
| Professional Services | -2.77% | |
| Research and Consulting Services | -2.56% | |
| HR Services | -4.37% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| QIP QANTM Intellectual Property | AU$1.69 | 9.4% +AU$20.3m | 99.4% | PE19.9x | |
| AMX Aerometrex | AU$0.34 | 4.5% +AU$1.4m | -13.8% | PS1.2x | |
| OXT Orexplore Technologies | AU$0.02 | 5.3% +AU$195.4k | -64.3% | PS1.2x |