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Australian (ASX) Financials Sector Analysis

UpdatedDec 21, 2024
DataAggregated Company Financials
Companies138
  • 7D-3.3%
  • 3M-1.3%
  • 1Y26.1%
  • YTD24.0%

Over the last 7 days, the Financials industry has dropped 3.3%, driven by a pullback from Commonwealth Bank of Australia of 5.0%. This takes the industry's 12 month performance to a gain of 26%. Looking forward, earnings are forecast to grow by 5.6% annually.

Sector Valuation and Performance

Has the Australian Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Dec 2024AU$863.0bAU$216.3bAU$44.0b18.3x19.6x4x
Mon, 18 Nov 2024AU$906.8bAU$214.4bAU$43.8b18x20.7x4.2x
Wed, 16 Oct 2024AU$859.0bAU$212.2bAU$43.7b18x19.7x4x
Fri, 13 Sep 2024AU$858.8bAU$212.5bAU$43.7b16.8x19.6x4x
Sun, 11 Aug 2024AU$789.8bAU$211.4bAU$44.6b17.9x17.7x3.7x
Tue, 09 Jul 2024AU$781.0bAU$209.8bAU$44.0b17.6x17.7x3.7x
Thu, 06 Jun 2024AU$766.6bAU$210.3bAU$44.2b17.4x17.3x3.6x
Sat, 04 May 2024AU$741.8bAU$210.7bAU$45.0b18x16.5x3.5x
Mon, 01 Apr 2024AU$765.6bAU$219.4bAU$46.0b17.7x16.7x3.5x
Wed, 28 Feb 2024AU$748.5bAU$218.8bAU$45.9b18.1x16.3x3.4x
Fri, 26 Jan 2024AU$716.1bAU$198.9bAU$45.7b17.2x15.7x3.6x
Sun, 24 Dec 2023AU$687.3bAU$197.9bAU$45.5b16.7x15.1x3.5x
Tue, 21 Nov 2023AU$646.9bAU$198.7bAU$45.5b16.5x14.2x3.3x
Thu, 19 Oct 2023AU$657.7bAU$197.8bAU$45.5b16.5x14.5x3.3x
Sat, 16 Sep 2023AU$661.0bAU$198.3bAU$45.9b16.6x14.4x3.3x
Mon, 14 Aug 2023AU$666.3bAU$192.8bAU$45.3b17.2x14.7x3.5x
Wed, 12 Jul 2023AU$638.1bAU$186.9bAU$44.5b17.4x14.3x3.4x
Fri, 09 Jun 2023AU$616.7bAU$187.0bAU$44.6b17.1x13.8x3.3x
Sun, 07 May 2023AU$622.5bAU$184.2bAU$42.7b17.8x14.6x3.4x
Tue, 04 Apr 2023AU$628.5bAU$182.0bAU$42.3b16.9x14.9x3.5x
Thu, 02 Mar 2023AU$647.2bAU$181.1bAU$42.6b17.3x15.2x3.6x
Sat, 28 Jan 2023AU$681.3bAU$177.2bAU$40.2b16.5x17x3.8x
Mon, 26 Dec 2022AU$648.6bAU$178.3bAU$40.2b14.1x16.1x3.6x
Wed, 23 Nov 2022AU$663.0bAU$178.7bAU$40.3b14.7x16.5x3.7x
Fri, 21 Oct 2022AU$645.3bAU$179.1bAU$39.1b15.3x16.5x3.6x
Sun, 18 Sep 2022AU$622.1bAU$177.6bAU$38.9b16.5x16x3.5x
Tue, 16 Aug 2022AU$651.4bAU$179.3bAU$40.1b14.4x16.3x3.6x
Thu, 14 Jul 2022AU$607.8bAU$180.5bAU$40.8b14.2x14.9x3.4x
Sat, 11 Jun 2022AU$610.1bAU$179.5bAU$40.8b14.5x15x3.4x
Mon, 09 May 2022AU$672.8bAU$180.6bAU$41.1b15x16.4x3.7x
Wed, 06 Apr 2022AU$685.8bAU$175.0bAU$39.2b15.2x17.5x3.9x
Fri, 04 Mar 2022AU$636.5bAU$175.5bAU$39.3b14.9x16.2x3.6x
Sun, 30 Jan 2022AU$642.0bAU$172.8bAU$36.3b14.3x17.7x3.7x
Tue, 28 Dec 2021AU$674.7bAU$171.9bAU$36.2b15.5x18.6x3.9x
Price to Earnings Ratio

18.6x


Total Market Cap: AU$674.7bTotal Earnings: AU$36.2bTotal Revenue: AU$171.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Financials Sector Price to Earnings3Y Average 16.4x202220232024
Current Industry PE
  • Investors are optimistic on the Australian Financials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 19.6x which is higher than its 3-year average PE of 16.4x.
  • The 3-year average PS ratio of 3.6x is lower than the industry's current PS ratio of 4.0x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 6.7% per year over the last three years.
  • Revenues for these companies have grown 8.0% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Australian Financials sector?

AU Market-2.74%
Financials-3.28%
Mortgage Finance0%
Mortgage REITs0%
Insurance-0.29%
Diversified Financial-1.82%
Consumer Finance-1.87%
Capital Markets-3.46%
Banks-3.80%
Industry PE
  • Investors are most optimistic about the Consumer Finance industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 44.0%, which is higher than its past year's earnings decline of 43.5% per year.
  • Investors are most pessimistic about the Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 14.7x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 44% over the next 5 years.
  • This is better than its past earnings decline of 43% per year.
  • In contrast, the Banks industry is expected to see its earnings grow by 3.1% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
QBE QBE Insurance GroupAU$19.131.2%
+AU$346.2m
30.6%PE10.5x
OBL Omni BridgewayAU$1.3735.6%
+AU$101.7m
5.0%PS4.7x
SDF Steadfast GroupAU$5.831.0%
+AU$66.2m
1.4%PE28.2x
MPL Medibank PrivateAU$3.760.5%
+AU$55.1m
6.2%PE2655.1x
AUB AUB GroupAU$30.741.2%
+AU$40.8m
13.5%PE26.1x
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Latest News

SUN

AU$18.70

Suncorp Group

7D

-2.2%

1Y

34.9%

HMC

AU$9.94

HMC Capital

7D

-11.8%

1Y

68.5%

MPL

AU$3.76

Medibank Private

7D

0.5%

1Y

6.2%

MQG

AU$218.90

Macquarie Group

7D

-3.2%

1Y

21.2%

OBL

AU$1.37

Omni Bridgeway

7D

35.6%

1Y

5.0%

WBC

AU$31.67

Westpac Banking

7D

-1.6%

1Y

38.7%

NAB

AU$36.37

National Australia Bank

7D

-3.2%

1Y

19.7%

ABA

AU$4.73

Auswide Bank

7D

7.0%

1Y

-3.7%

CBA

AU$150.26

Commonwealth Bank of Australia

7D

-5.0%

1Y

36.0%

SDF

AU$5.83

Steadfast Group

7D

1.0%

1Y

1.4%

AUB

AU$30.74

AUB Group

7D

1.2%

1Y

13.5%

MYS

AU$4.25

MyState

7D

4.4%

1Y

38.9%

KSL

AU$1.11

Kina Securities

7D

5.7%

1Y

39.6%