Here's Why We Think Netwealth Group (ASX:NWL) Might Deserve Your Attention Today
May 22
Australian (ASX) Asset Management Industry Analysis
UpdatedJun 03, 2024
DataAggregated Company Financials
Companies68
- 7D1.4%
- 3M2.1%
- 1Y15.7%
- YTDn/a
The Asset Management industry is up 1.4% in the last week, with GQG Partners up 4.4%. This takes the industry's 12 month performance to a gain of 16%. Earnings are forecast to grow by 17% annually.
Industry Valuation and Performance
Has the Australian Asset Management Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 03 Jun 2024 | AU$53.8b | AU$9.0b | AU$2.4b | 23x | 22.2x | 6x |
| Wed, 01 May 2024 | AU$52.7b | AU$9.1b | AU$2.4b | 22.7x | 21.7x | 5.8x |
| Fri, 29 Mar 2024 | AU$53.8b | AU$9.1b | AU$2.4b | 23.2x | 22x | 5.9x |
| Sun, 25 Feb 2024 | AU$52.4b | AU$9.0b | AU$2.4b | 24.8x | 21.7x | 5.8x |
| Tue, 23 Jan 2024 | AU$52.6b | AU$9.0b | AU$2.3b | 20.9x | 22.4x | 5.8x |
| Thu, 21 Dec 2023 | AU$50.7b | AU$8.9b | AU$2.3b | 20.6x | 21.9x | 5.7x |
| Sat, 18 Nov 2023 | AU$46.9b | AU$9.0b | AU$2.3b | 19.3x | 20.1x | 5.2x |
| Mon, 16 Oct 2023 | AU$44.9b | AU$8.5b | AU$2.0b | 19.3x | 22.2x | 5.3x |
| Wed, 13 Sep 2023 | AU$46.5b | AU$8.5b | AU$2.0b | 19.8x | 23.1x | 5.5x |
| Fri, 11 Aug 2023 | AU$46.8b | AU$8.0b | AU$2.0b | 21.8x | 23.4x | 5.8x |
| Sun, 09 Jul 2023 | AU$45.1b | AU$8.1b | AU$2.1b | 22.8x | 21.8x | 5.6x |
| Tue, 06 Jun 2023 | AU$44.6b | AU$8.2b | AU$2.1b | 20.6x | 21x | 5.4x |
| Thu, 04 May 2023 | AU$45.2b | AU$8.2b | AU$2.1b | 20.8x | 21.4x | 5.5x |
| Sat, 01 Apr 2023 | AU$44.3b | AU$8.2b | AU$2.1b | 20.9x | 20.9x | 5.4x |
| Mon, 27 Feb 2023 | AU$46.7b | AU$8.3b | AU$2.2b | 21.8x | 21.1x | 5.6x |
| Wed, 25 Jan 2023 | AU$47.3b | AU$8.4b | AU$2.2b | 20.3x | 21.8x | 5.6x |
| Fri, 23 Dec 2022 | AU$43.9b | AU$8.4b | AU$2.2b | 17.7x | 20.1x | 5.2x |
| Sun, 20 Nov 2022 | AU$45.6b | AU$8.4b | AU$2.2b | 17.7x | 20.9x | 5.4x |
| Tue, 18 Oct 2022 | AU$43.1b | AU$8.5b | AU$2.3b | 17.3x | 19.1x | 5.1x |
| Thu, 15 Sep 2022 | AU$45.5b | AU$8.5b | AU$2.2b | 18x | 21x | 5.4x |
| Sat, 13 Aug 2022 | AU$50.0b | AU$8.1b | AU$2.1b | 14.6x | 24x | 6.1x |
| Mon, 11 Jul 2022 | AU$45.5b | AU$8.0b | AU$2.0b | 14.9x | 22.4x | 5.7x |
| Wed, 08 Jun 2022 | AU$48.3b | AU$8.1b | AU$2.1b | 15.5x | 23.4x | 6x |
| Fri, 06 May 2022 | AU$49.9b | AU$8.0b | AU$2.1b | 15.1x | 24.3x | 6.2x |
| Sun, 03 Apr 2022 | AU$50.5b | AU$8.0b | AU$2.1b | 16.3x | 24.6x | 6.3x |
| Tue, 01 Mar 2022 | AU$55.3b | AU$11.3b | AU$2.7b | 16.5x | 20.3x | 4.9x |
| Thu, 27 Jan 2022 | AU$53.1b | AU$6.9b | AU$2.3b | 14.4x | 23.1x | 7.7x |
| Sat, 25 Dec 2021 | AU$58.8b | AU$6.9b | AU$2.2b | 15.2x | 26.9x | 8.5x |
| Mon, 22 Nov 2021 | AU$60.9b | AU$6.9b | AU$2.2b | 16.5x | 28.2x | 8.9x |
| Wed, 20 Oct 2021 | AU$59.8b | AU$6.4b | AU$1.9b | 18.4x | 31.9x | 9.3x |
| Fri, 17 Sep 2021 | AU$62.5b | AU$6.8b | AU$2.1b | 19x | 29.2x | 9.1x |
| Sun, 15 Aug 2021 | AU$64.4b | AU$6.8b | AU$2.1b | 16.4x | 30.1x | 9.4x |
| Thu, 10 Jun 2021 | AU$57.6b | AU$6.2b | AU$2.0b | 16.2x | 29.4x | 9.3x |
Price to Earnings Ratio
29.4x
Current Industry PE
- Investors are relatively neutral on the Australian Asset Management and Custody Banks industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 23.3x.
- The industry is trading close to its 3-year average PS ratio of 6.3x.
Past Earnings Growth
- The earnings for companies in the Asset Management and Custody Banks industry have grown 7.3% per year over the last three years.
- Revenues for these companies have grown 14% 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 Asset Management compare with similar industries?
| AU Market | -0.33% | |
| Financials | -0.14% | |
| Capital Markets | 0.11% | |
| Asset Management | 1.41% | |
| Investment Banking and Brokerage | 0.56% | |
| Diversified Capital Markets | -0.66% | |
| Financial Exchanges and Data | -1.37% | |
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 | |
|---|---|---|---|---|---|
| GQG GQG Partners | AU$2.60 | 4.4% +AU$324.9m | 88.4% | PE18.3x | |
| NWL Netwealth Group | AU$20.97 | 3.0% +AU$148.9m | 61.4% | PE67.5x | |
| NGI Navigator Global Investments | AU$2.10 | 14.1% +AU$127.0m | 94.4% | PE69.4x | |
| MFF MFF Capital Investments | AU$3.64 | 3.4% +AU$69.5m | 32.4% | PE4.7x | |
| ARG Argo Investments | AU$8.70 | 1.0% +AU$68.5m | -0.1% | PE25.5x |
