Audinate Group Limited's (ASX:AD8) Share Price Not Quite Adding Up
May 08
Australian (ASX) Electronic Equipment and Components Industry Analysis
UpdatedMay 22, 2024
DataAggregated Company Financials
Companies15
- 7D-5.6%
- 3M-9.4%
- 1Y26.5%
- YTD-0.9%
Over the last 7 days, the Electronic Equipment and Components industry has dropped 5.6%, driven by Dicker Data declining 11%. Meanwhile, Structural Monitoring Systems actually outperformed within the industry, gaining 10.0% in the last week. This takes the industry's 12 month performance to a gain of 26%. Earnings are forecast to grow by 17% annually.
Industry Valuation and Performance
Has the Australian Electronic Equipment and Components Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 22 May 2024 | AU$5.7b | AU$3.1b | AU$66.5m | 23x | 85.7x | 1.8x |
| Fri, 19 Apr 2024 | AU$6.2b | AU$3.1b | AU$56.4m | 24.9x | 110.3x | 2x |
| Sun, 17 Mar 2024 | AU$6.7b | AU$4.0b | AU$52.3m | 25.8x | 127.9x | 1.7x |
| Tue, 13 Feb 2024 | AU$5.8b | AU$4.0b | AU$38.1m | 24.8x | 153x | 1.5x |
| Thu, 11 Jan 2024 | AU$5.8b | AU$4.1b | AU$26.4m | 22.6x | 220.2x | 1.4x |
| Sat, 09 Dec 2023 | AU$5.7b | AU$4.1b | AU$25.2m | 22.6x | 226.2x | 1.4x |
| Mon, 06 Nov 2023 | AU$5.4b | AU$4.1b | AU$24.0m | 21.4x | 223.4x | 1.3x |
| Wed, 04 Oct 2023 | AU$5.4b | AU$4.2b | -AU$27,282,200.00 | 21.2x | -197.1x | 1.3x |
| Fri, 01 Sep 2023 | AU$5.6b | AU$4.2b | -AU$24,205,570.00 | 21x | -229.7x | 1.3x |
| Sun, 30 Jul 2023 | AU$4.8b | AU$4.2b | -AU$40,897,881.00 | 19.5x | -117x | 1.1x |
| Tue, 27 Jun 2023 | AU$4.7b | AU$4.2b | -AU$40,449,553.00 | 19.3x | -115.5x | 1.1x |
| Thu, 25 May 2023 | AU$4.7b | AU$4.2b | -AU$50,989,966.00 | 20.4x | -93x | 1.1x |
| Sat, 22 Apr 2023 | AU$4.7b | AU$4.2b | -AU$66,758,362.00 | 19.6x | -69.9x | 1.1x |
| Mon, 20 Mar 2023 | AU$4.5b | AU$4.2b | -AU$58,635,926.00 | 20.3x | -76.8x | 1.1x |
| Wed, 15 Feb 2023 | AU$4.8b | AU$4.0b | -AU$27,722,117.00 | 50.3x | -171.8x | 1.2x |
| Fri, 13 Jan 2023 | AU$5.2b | AU$4.0b | -AU$30,211,463.00 | 54.4x | -170.6x | 1.3x |
| Sun, 11 Dec 2022 | AU$4.9b | AU$4.0b | -AU$31,362,314.00 | 54.3x | -155.7x | 1.2x |
| Tue, 08 Nov 2022 | AU$5.4b | AU$4.0b | -AU$17,461,788.00 | 49x | -309.3x | 1.4x |
| Thu, 06 Oct 2022 | AU$5.5b | AU$4.0b | -AU$16,749,952.00 | 55.4x | -325.6x | 1.4x |
| Sat, 03 Sep 2022 | AU$5.7b | AU$4.0b | -AU$18,039,469.00 | 38.5x | -318.1x | 1.4x |
| Mon, 01 Aug 2022 | AU$6.7b | AU$3.7b | AU$7.5m | 22.5x | 892.6x | 1.8x |
| Wed, 29 Jun 2022 | AU$6.0b | AU$3.7b | AU$7.2m | 21.9x | 831.9x | 1.6x |
| Fri, 27 May 2022 | AU$6.8b | AU$3.7b | AU$37.1m | 19.6x | 183.5x | 1.8x |
| Sun, 24 Apr 2022 | AU$8.0b | AU$3.7b | AU$38.0m | 23.5x | 210.1x | 2.2x |
| Tue, 22 Mar 2022 | AU$8.5b | AU$3.7b | AU$51.2m | 24.6x | 165.6x | 2.3x |
| Thu, 17 Feb 2022 | AU$8.8b | AU$3.2b | AU$86.1m | 15.7x | 102.6x | 2.7x |
| Sat, 15 Jan 2022 | AU$10.7b | AU$3.2b | AU$87.8m | 16.5x | 121.5x | 3.3x |
| Mon, 13 Dec 2021 | AU$11.1b | AU$3.2b | AU$87.1m | 17.6x | 127.4x | 3.4x |
| Wed, 10 Nov 2021 | AU$10.8b | AU$3.2b | AU$97.7m | 17.3x | 110.1x | 3.3x |
| Fri, 08 Oct 2021 | AU$9.2b | AU$3.2b | AU$97.2m | 19.8x | 94.8x | 2.9x |
| Sun, 05 Sep 2021 | AU$9.3b | AU$3.2b | AU$98.2m | 23.3x | 94.5x | 2.9x |
| Tue, 03 Aug 2021 | AU$8.5b | AU$3.1b | AU$89.9m | 15.3x | 94.9x | 2.7x |
Price to Earnings Ratio
107.8x
Current Industry PE
- Investors are relatively neutral on the Australian Electronic 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 86.0x.
- The industry is trading close to its 3-year average PS ratio of 1.8x.
Past Earnings Growth
- The earnings for companies in the Electronic industry have declined 2.4% 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 Trends
Which industries have driven the changes within the Australian Tech industry?
| AU Market | 1.47% | |
| Tech | 1.38% | |
| Electronic Equipment and Components | -5.56% | |
| Electronic Components | 6.46% | |
| Electronic Equipment and Instruments | 1.23% | |
| Electronic Manufacturing Services | -5.05% | |
| Technology Distributors | -15.22% | |
Industry PE
- Investors are most optimistic about the Electronic Manufacturing Services industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 26.1% and investors are willing to pay a premium for that growth.
Forecasted Growth
- Analysts are most optimistic on the Electronic Components industry, expecting annual earnings growth of 79% over the next 5 years.
- In contrast, the Technology Distributors industry is expected to see its earnings grow by 7.8% 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 | |
|---|---|---|---|---|---|
| SMN Structural Monitoring Systems | AU$0.39 | 10.0% +AU$4.8m | -45.4% | PS2.1x | |
| DTZ Dotz Nano | AU$0.14 | 3.6% +AU$2.6m | -43.1% | PS951.1x | |
| CT1 Constellation Technologies | AU$0.002 | 100.0% +AU$1.5m | -33.3% | PS2.8x | |
| TZL TZ | AU$0.022 | 29.4% +AU$1.3m | -8.3% | PS0.4x | |
| AMO Ambertech | AU$0.31 | 3.3% +AU$954.0k | 37.8% | PE10.7x |
