Red 5 Limited's (ASX:RED) Price Is Right But Growth Is Lacking
Jun 03
Australian (ASX) Gold Industry Analysis
UpdatedJun 03, 2024
DataAggregated Company Financials
Companies163
- 7D1.6%
- 3M14.9%
- 1Y15.5%
- YTDn/a
Over the last 7 days, the Gold industry has risen 1.6%, driven by gains from Westgold Resources of 7.8%. In the last 12 months, the industry was up 15%. As for the next few years, earnings are expected to grow by 24% per annum.
Industry Valuation and Performance
Has the Australian Gold Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 04 Jun 2024 | AU$59.9b | AU$17.1b | AU$1.2b | 21.1x | 50.5x | 3.5x |
| Thu, 02 May 2024 | AU$56.8b | AU$17.2b | AU$1.2b | 20.9x | 47.4x | 3.3x |
| Sat, 30 Mar 2024 | AU$55.4b | AU$17.2b | AU$1.3b | 18.9x | 43.3x | 3.2x |
| Mon, 26 Feb 2024 | AU$47.5b | AU$16.2b | AU$915.4m | 19.7x | 51.9x | 2.9x |
| Wed, 24 Jan 2024 | AU$70.4b | AU$22.9b | AU$1.3b | 22.5x | 52.3x | 3.1x |
| Fri, 22 Dec 2023 | AU$76.5b | AU$22.9b | AU$1.3b | 25.5x | 56.9x | 3.3x |
| Sun, 19 Nov 2023 | AU$71.2b | AU$22.9b | AU$1.4b | 22.1x | 52.7x | 3.1x |
| Tue, 17 Oct 2023 | AU$69.4b | AU$23.1b | AU$1.4b | 21.7x | 50.3x | 3x |
| Thu, 14 Sep 2023 | AU$68.6b | AU$22.9b | AU$1.4b | 19x | 49.7x | 3x |
| Sat, 12 Aug 2023 | AU$68.6b | AU$22.3b | AU$439.6m | 18.3x | 156x | 3.1x |
| Mon, 10 Jul 2023 | AU$68.7b | AU$22.3b | AU$554.3m | 16.2x | 124x | 3.1x |
| Wed, 07 Jun 2023 | AU$71.3b | AU$22.3b | AU$580.8m | 17.3x | 122.8x | 3.2x |
| Fri, 05 May 2023 | AU$77.0b | AU$22.3b | AU$577.2m | 19.5x | 133.4x | 3.5x |
| Sun, 02 Apr 2023 | AU$70.4b | AU$22.3b | AU$563.7m | 15.8x | 124.9x | 3.2x |
| Tue, 28 Feb 2023 | AU$59.3b | AU$22.3b | AU$575.0m | 16.6x | 103.1x | 2.7x |
| Thu, 26 Jan 2023 | AU$69.9b | AU$20.7b | AU$1.1b | 19.3x | 61.6x | 3.4x |
| Sat, 24 Dec 2022 | AU$61.7b | AU$21.0b | AU$1.2b | 18.1x | 51.9x | 2.9x |
| Mon, 21 Nov 2022 | AU$57.4b | AU$21.0b | AU$1.2b | 15.2x | 47.6x | 2.7x |
| Wed, 19 Oct 2022 | AU$49.9b | AU$21.5b | AU$1.3b | 14.2x | 39x | 2.3x |
| Fri, 16 Sep 2022 | AU$50.1b | AU$20.8b | AU$1.4b | 11.5x | 36x | 2.4x |
| Sun, 14 Aug 2022 | AU$55.7b | AU$19.1b | AU$2.1b | 9.7x | 26.1x | 2.9x |
| Tue, 12 Jul 2022 | AU$49.4b | AU$19.3b | AU$2.2b | 7.9x | 22.9x | 2.6x |
| Thu, 09 Jun 2022 | AU$62.8b | AU$19.0b | AU$2.1b | 9.2x | 29.5x | 3.3x |
| Sat, 07 May 2022 | AU$68.3b | AU$19.1b | AU$2.2b | 11.4x | 31.3x | 3.6x |
| Mon, 04 Apr 2022 | AU$72.8b | AU$18.7b | AU$2.2b | 11.5x | 33.8x | 3.9x |
| Wed, 02 Mar 2022 | AU$66.6b | AU$18.5b | AU$2.3b | 10.7x | 29.1x | 3.6x |
| Fri, 28 Jan 2022 | AU$59.6b | AU$18.5b | AU$3.0b | 10x | 19.6x | 3.2x |
| Sun, 26 Dec 2021 | AU$64.2b | AU$18.4b | AU$3.0b | 10.4x | 21.1x | 3.5x |
| Tue, 23 Nov 2021 | AU$65.6b | AU$18.4b | AU$3.0b | 11.6x | 21.6x | 3.6x |
| Thu, 21 Oct 2021 | AU$65.2b | AU$18.1b | AU$2.9b | 10.7x | 22.1x | 3.6x |
| Sat, 18 Sep 2021 | AU$61.2b | AU$18.2b | AU$3.2b | 10x | 19.2x | 3.4x |
| Mon, 16 Aug 2021 | AU$62.5b | AU$18.0b | AU$3.1b | 10x | 20x | 3.5x |
Price to Earnings Ratio
20.5x
Current Industry PE
- Investors are pessimistic on the Australian Gold 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 50.5x which is lower than its 3-year average PE of 59.0x.
- The industry is trading close to its 3-year average PS ratio of 3.2x.
Past Earnings Growth
- The earnings for companies in the Gold industry have declined 27% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does Australian Gold compare with similar industries?
| AU Market | -0.33% | |
| Materials | -1.70% | |
| Metals and Mining | -1.73% | |
| Gold | 1.60% | |
| Aluminum | 8.74% | |
| Precious Metals and Minerals | 3.21% | |
| Diversified Metals and Mining | -1.00% | |
| Copper | -1.71% | |
| Steel | -6.36% | |
| Silver | -7.07% | |
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 | |
|---|---|---|---|---|---|
| WGX Westgold Resources | AU$2.34 | 7.8% +AU$80.5m | 46.3% | PE17.1x | |
| MDX Mindax | AU$0.053 | 71.0% +AU$45.1m | -13.1% | PS6008.2x | |
| RSG Resolute Mining | AU$0.54 | 2.9% +AU$31.9m | 12.5% | PE11.7x | |
| WAF West African Resources | AU$1.49 | 2.1% +AU$30.8m | 67.8% | PE10.4x | |
| FAL Falcon Metals | AU$0.29 | 81.3% +AU$23.0m | 13.7% | PB3.3x |
