A Look At The Fair Value Of JB Hi-Fi Limited (ASX:JBH)
Dec 20
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Australian (ASX) Consumer Discretionary Sector Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies101
- 7D-3.1%
- 3M0.1%
- 1Y17.5%
- YTD15.5%
Last week, the Consumer Discretionary industry hasn't moved much but Cettire is up 19% in that time. The past year has been better, since the industry has gained 20% in that time. Looking forward, earnings are forecast to grow by 11% annually.
Sector Valuation and Performance
Has the Australian Consumer Discretionary Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 21 Dec 2024 | AU$214.8b | AU$127.0b | AU$4.1b | 20x | 52.7x | 1.7x |
| Mon, 18 Nov 2024 | AU$215.7b | AU$127.1b | AU$4.0b | 20.2x | 53.3x | 1.7x |
| Wed, 16 Oct 2024 | AU$213.8b | AU$127.0b | AU$4.3b | 19.7x | 50.3x | 1.7x |
| Fri, 13 Sep 2024 | AU$210.6b | AU$127.0b | AU$4.8b | 19.8x | 43.8x | 1.7x |
| Sun, 11 Aug 2024 | AU$203.3b | AU$124.8b | AU$5.8b | 16.6x | 35.3x | 1.6x |
| Tue, 09 Jul 2024 | AU$196.2b | AU$124.7b | AU$5.8b | 15.9x | 34x | 1.6x |
| Thu, 06 Jun 2024 | AU$190.0b | AU$124.4b | AU$5.7b | 15x | 33.1x | 1.5x |
| Sat, 04 May 2024 | AU$191.3b | AU$124.1b | AU$5.7b | 16.6x | 33.7x | 1.5x |
| Mon, 01 Apr 2024 | AU$202.6b | AU$124.2b | AU$5.7b | 17.3x | 35.7x | 1.6x |
| Wed, 28 Feb 2024 | AU$199.1b | AU$124.0b | AU$4.4b | 19.7x | 45.7x | 1.6x |
| Fri, 26 Jan 2024 | AU$195.4b | AU$126.2b | AU$4.4b | 19.5x | 44.2x | 1.5x |
| Sun, 24 Dec 2023 | AU$190.7b | AU$126.2b | AU$4.4b | 18.2x | 43.2x | 1.5x |
| Tue, 21 Nov 2023 | AU$183.1b | AU$126.1b | AU$4.4b | 17.9x | 42.1x | 1.5x |
| Thu, 19 Oct 2023 | AU$179.1b | AU$125.7b | AU$4.0b | 21.4x | 44.9x | 1.4x |
| Sat, 16 Sep 2023 | AU$184.8b | AU$125.7b | AU$4.0b | 21.6x | 46.2x | 1.5x |
| Mon, 14 Aug 2023 | AU$186.0b | AU$122.1b | AU$5.0b | 14x | 37.3x | 1.5x |
| Wed, 12 Jul 2023 | AU$173.4b | AU$122.0b | AU$5.0b | 12.4x | 34.9x | 1.4x |
| Fri, 09 Jun 2023 | AU$170.8b | AU$121.9b | AU$5.0b | 11.9x | 34.1x | 1.4x |
| Sun, 07 May 2023 | AU$183.3b | AU$121.4b | AU$4.8b | 13.8x | 37.9x | 1.5x |
| Tue, 04 Apr 2023 | AU$182.6b | AU$121.4b | AU$4.9b | 14.2x | 37.1x | 1.5x |
| Thu, 02 Mar 2023 | AU$177.2b | AU$120.9b | AU$4.9b | 15x | 36.1x | 1.5x |
| Sat, 28 Jan 2023 | AU$181.6b | AU$111.7b | AU$5.5b | 16.8x | 32.8x | 1.6x |
| Mon, 26 Dec 2022 | AU$166.1b | AU$111.7b | AU$5.5b | 14.1x | 30x | 1.5x |
| Wed, 23 Nov 2022 | AU$176.2b | AU$111.6b | AU$5.6b | 14.1x | 31.6x | 1.6x |
| Fri, 21 Oct 2022 | AU$165.4b | AU$111.2b | AU$5.5b | 13.2x | 29.8x | 1.5x |
| Sun, 18 Sep 2022 | AU$170.1b | AU$110.9b | AU$5.5b | 14.8x | 30.8x | 1.5x |
| Tue, 16 Aug 2022 | AU$169.3b | AU$107.0b | AU$5.5b | 15.3x | 31.1x | 1.6x |
| Thu, 14 Jul 2022 | AU$158.9b | AU$106.7b | AU$5.4b | 15.5x | 29.3x | 1.5x |
| Sat, 11 Jun 2022 | AU$155.7b | AU$106.7b | AU$5.4b | 15.7x | 28.7x | 1.5x |
| Mon, 09 May 2022 | AU$179.0b | AU$106.1b | AU$5.1b | 16.2x | 34.8x | 1.7x |
| Wed, 06 Apr 2022 | AU$191.7b | AU$106.1b | AU$5.2b | 19.2x | 37.1x | 1.8x |
| Fri, 04 Mar 2022 | AU$190.5b | AU$106.0b | AU$5.2b | 18.6x | 36.7x | 1.8x |
| Sun, 30 Jan 2022 | AU$197.0b | AU$105.0b | AU$6.0b | 15.4x | 32.6x | 1.9x |
| Tue, 28 Dec 2021 | AU$219.3b | AU$105.0b | AU$6.0b | 17.4x | 36.3x | 2.1x |
Price to Earnings Ratio
36.3x
Current Industry PE
- Investors are optimistic on the Australian Consumer Discretionary industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 54.0x which is higher than its 3-year average PE of 37.2x.
- The industry is trading close to its 3-year average PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Consumer Discretionary industry have declined 12% per year over the last three years.
- Meanwhile revenues for these companies have grown 6.5% 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 Consumer Discretionary sector?
| AU Market | -2.74% | |
| Consumer Discretionary | -3.11% | |
| Leisure | 5.28% | |
| Luxury | 3.54% | |
| Auto Components | 0.58% | |
| Online Retail and Ecommerce | 0% | |
| Retail Distributors | -0.86% | |
| Hospitality | -1.36% | |
| Consumer Durables | -1.85% | |
| Specialty Stores | -2.11% | |
| Consumer Services | -4.76% | |
| General Merchandise and Department Stores | -5.23% | |
| Auto | -29.52% | |
Industry PE
- Investors are most optimistic about the Consumer Services industry even though it's trading below its 3-year average PE ratio of 98.5x.
- Analysts expect its future annual earnings growth (16.9%) to be largely in line with prior year's earnings growth.
Forecasted Growth
- Analysts are most optimistic on the Retail Distributors industry, expecting annual earnings growth of 35% over the next 5 years.
- This is better than its past earnings decline of 16% per year.
- In contrast, the General Merchandise and Department Stores industry is expected to see its earnings grow by 8.4% 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 | |
|---|---|---|---|---|---|
| CTT Cettire | AU$1.34 | 19.2% +AU$82.0m | -54.9% | PE48.6x | |
| ARB ARB | AU$39.49 | 1.0% +AU$33.2m | 11.5% | PE31.9x | |
| KGN Kogan.com | AU$5.99 | 5.6% +AU$32.0m | 15.0% | PE7208.4x | |
| PBH PointsBet Holdings | AU$1.03 | 6.8% +AU$21.5m | 8.5% | PS1.4x | |
| UNI Universal Store Holdings | AU$7.97 | 3.1% +AU$18.4m | 99.3% | PE17.8x |
