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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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 21 Dec 2024 | AU$863.0b | AU$216.3b | AU$44.0b | 18.3x | 19.6x | 4x |
| Mon, 18 Nov 2024 | AU$906.8b | AU$214.4b | AU$43.8b | 18x | 20.7x | 4.2x |
| Wed, 16 Oct 2024 | AU$859.0b | AU$212.2b | AU$43.7b | 18x | 19.7x | 4x |
| Fri, 13 Sep 2024 | AU$858.8b | AU$212.5b | AU$43.7b | 16.8x | 19.6x | 4x |
| Sun, 11 Aug 2024 | AU$789.8b | AU$211.4b | AU$44.6b | 17.9x | 17.7x | 3.7x |
| Tue, 09 Jul 2024 | AU$781.0b | AU$209.8b | AU$44.0b | 17.6x | 17.7x | 3.7x |
| Thu, 06 Jun 2024 | AU$766.6b | AU$210.3b | AU$44.2b | 17.4x | 17.3x | 3.6x |
| Sat, 04 May 2024 | AU$741.8b | AU$210.7b | AU$45.0b | 18x | 16.5x | 3.5x |
| Mon, 01 Apr 2024 | AU$765.6b | AU$219.4b | AU$46.0b | 17.7x | 16.7x | 3.5x |
| Wed, 28 Feb 2024 | AU$748.5b | AU$218.8b | AU$45.9b | 18.1x | 16.3x | 3.4x |
| Fri, 26 Jan 2024 | AU$716.1b | AU$198.9b | AU$45.7b | 17.2x | 15.7x | 3.6x |
| Sun, 24 Dec 2023 | AU$687.3b | AU$197.9b | AU$45.5b | 16.7x | 15.1x | 3.5x |
| Tue, 21 Nov 2023 | AU$646.9b | AU$198.7b | AU$45.5b | 16.5x | 14.2x | 3.3x |
| Thu, 19 Oct 2023 | AU$657.7b | AU$197.8b | AU$45.5b | 16.5x | 14.5x | 3.3x |
| Sat, 16 Sep 2023 | AU$661.0b | AU$198.3b | AU$45.9b | 16.6x | 14.4x | 3.3x |
| Mon, 14 Aug 2023 | AU$666.3b | AU$192.8b | AU$45.3b | 17.2x | 14.7x | 3.5x |
| Wed, 12 Jul 2023 | AU$638.1b | AU$186.9b | AU$44.5b | 17.4x | 14.3x | 3.4x |
| Fri, 09 Jun 2023 | AU$616.7b | AU$187.0b | AU$44.6b | 17.1x | 13.8x | 3.3x |
| Sun, 07 May 2023 | AU$622.5b | AU$184.2b | AU$42.7b | 17.8x | 14.6x | 3.4x |
| Tue, 04 Apr 2023 | AU$628.5b | AU$182.0b | AU$42.3b | 16.9x | 14.9x | 3.5x |
| Thu, 02 Mar 2023 | AU$647.2b | AU$181.1b | AU$42.6b | 17.3x | 15.2x | 3.6x |
| Sat, 28 Jan 2023 | AU$681.3b | AU$177.2b | AU$40.2b | 16.5x | 17x | 3.8x |
| Mon, 26 Dec 2022 | AU$648.6b | AU$178.3b | AU$40.2b | 14.1x | 16.1x | 3.6x |
| Wed, 23 Nov 2022 | AU$663.0b | AU$178.7b | AU$40.3b | 14.7x | 16.5x | 3.7x |
| Fri, 21 Oct 2022 | AU$645.3b | AU$179.1b | AU$39.1b | 15.3x | 16.5x | 3.6x |
| Sun, 18 Sep 2022 | AU$622.1b | AU$177.6b | AU$38.9b | 16.5x | 16x | 3.5x |
| Tue, 16 Aug 2022 | AU$651.4b | AU$179.3b | AU$40.1b | 14.4x | 16.3x | 3.6x |
| Thu, 14 Jul 2022 | AU$607.8b | AU$180.5b | AU$40.8b | 14.2x | 14.9x | 3.4x |
| Sat, 11 Jun 2022 | AU$610.1b | AU$179.5b | AU$40.8b | 14.5x | 15x | 3.4x |
| Mon, 09 May 2022 | AU$672.8b | AU$180.6b | AU$41.1b | 15x | 16.4x | 3.7x |
| Wed, 06 Apr 2022 | AU$685.8b | AU$175.0b | AU$39.2b | 15.2x | 17.5x | 3.9x |
| Fri, 04 Mar 2022 | AU$636.5b | AU$175.5b | AU$39.3b | 14.9x | 16.2x | 3.6x |
| Sun, 30 Jan 2022 | AU$642.0b | AU$172.8b | AU$36.3b | 14.3x | 17.7x | 3.7x |
| Tue, 28 Dec 2021 | AU$674.7b | AU$171.9b | AU$36.2b | 15.5x | 18.6x | 3.9x |
Price to Earnings Ratio
18.6x
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 Finance | 0% | |
| Mortgage REITs | 0% | |
| 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| QBE QBE Insurance Group | AU$19.13 | 1.2% +AU$346.2m | 30.6% | PE10.5x | |
| OBL Omni Bridgeway | AU$1.37 | 35.6% +AU$101.7m | 5.0% | PS4.7x | |
| SDF Steadfast Group | AU$5.83 | 1.0% +AU$66.2m | 1.4% | PE28.2x | |
| MPL Medibank Private | AU$3.76 | 0.5% +AU$55.1m | 6.2% | PE2655.1x | |
| AUB AUB Group | AU$30.74 | 1.2% +AU$40.8m | 13.5% | PE26.1x |
