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Australian (ASX) Financials Sector Analysis

UpdatedOct 13, 2024
DataAggregated Company Financials
Companies136
  • 7D2.3%
  • 3M4.4%
  • 1Y29.1%
  • YTD21.2%

The Financials industry is up 2.3% in the last week, with Commonwealth Bank of Australia up 2.2%. This takes the industry's 12 month performance to a gain of 29%. Looking forward, earnings are forecast to grow by 5.4% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 13 Oct 2024AU$842.2bAU$211.9bAU$43.7b18.1x19.3x4x
Tue, 10 Sep 2024AU$855.2bAU$212.7bAU$43.7b16.6x19.6x4x
Thu, 08 Aug 2024AU$777.0bAU$210.7bAU$44.1b17.4x17.6x3.7x
Sat, 06 Jul 2024AU$783.5bAU$209.8bAU$44.0b17.3x17.8x3.7x
Mon, 03 Jun 2024AU$750.0bAU$210.2bAU$44.2b17.4x17x3.6x
Wed, 01 May 2024AU$739.8bAU$202.3bAU$41.9b17.9x17.6x3.7x
Fri, 29 Mar 2024AU$765.5bAU$219.5bAU$46.0b17.7x16.6x3.5x
Sun, 25 Feb 2024AU$740.4bAU$216.2bAU$45.9b17.9x16.1x3.4x
Tue, 23 Jan 2024AU$711.8bAU$198.8bAU$45.6b17x15.6x3.6x
Thu, 21 Dec 2023AU$691.0bAU$198.0bAU$45.5b16.8x15.2x3.5x
Sat, 18 Nov 2023AU$643.6bAU$199.0bAU$45.6b16.6x14.1x3.2x
Mon, 16 Oct 2023AU$655.6bAU$198.1bAU$45.5b16.4x14.4x3.3x
Wed, 13 Sep 2023AU$659.1bAU$198.4bAU$45.9b16.5x14.4x3.3x
Fri, 11 Aug 2023AU$667.3bAU$189.6bAU$44.8b18x14.9x3.5x
Sun, 09 Jul 2023AU$630.5bAU$186.9bAU$44.5b17.3x14.2x3.4x
Tue, 06 Jun 2023AU$629.0bAU$187.3bAU$44.6b17.3x14.1x3.4x
Thu, 04 May 2023AU$636.1bAU$182.3bAU$42.1b17.8x15.1x3.5x
Sat, 01 Apr 2023AU$623.3bAU$182.1bAU$42.3b16.9x14.7x3.4x
Mon, 27 Feb 2023AU$656.5bAU$181.3bAU$42.7b17.3x15.4x3.6x
Wed, 25 Jan 2023AU$672.8bAU$177.4bAU$40.2b16.6x16.7x3.8x
Fri, 23 Dec 2022AU$652.0bAU$178.3bAU$40.2b14.2x16.2x3.7x
Sun, 20 Nov 2022AU$658.8bAU$178.4bAU$40.3b14.8x16.4x3.7x
Tue, 18 Oct 2022AU$638.4bAU$179.3bAU$39.1b15.3x16.3x3.6x
Thu, 15 Sep 2022AU$620.0bAU$177.4bAU$38.9b16.5x15.9x3.5x
Sat, 13 Aug 2022AU$652.6bAU$171.7bAU$39.8b14.3x16.4x3.8x
Mon, 11 Jul 2022AU$603.4bAU$180.2bAU$40.8b13.9x14.8x3.3x
Wed, 08 Jun 2022AU$649.0bAU$179.3bAU$40.8b14.9x15.9x3.6x
Fri, 06 May 2022AU$685.7bAU$177.4bAU$40.0b15.5x17.2x3.9x
Sun, 03 Apr 2022AU$684.5bAU$175.2bAU$39.2b15.2x17.4x3.9x
Tue, 01 Mar 2022AU$639.7bAU$175.4bAU$39.1b15.5x16.4x3.6x
Thu, 27 Jan 2022AU$635.2bAU$172.5bAU$36.3b14.7x17.5x3.7x
Sat, 25 Dec 2021AU$674.7bAU$171.8bAU$36.2b15.5x18.6x3.9x
Mon, 22 Nov 2021AU$678.7bAU$171.8bAU$36.2b16.2x18.8x4x
Wed, 20 Oct 2021AU$692.8bAU$163.9bAU$31.4b16.5x22x4.2x
Price to Earnings Ratio

22x


Total Market Cap: AU$692.8bTotal Earnings: AU$31.4bTotal Revenue: AU$163.9bTotal 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 19.3x which is higher than its 3-year average PE of 16.4x.
  • The industry is trading close to its 3-year average PS ratio of 3.6x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 12% per year over the last three years.
  • Revenues for these companies have grown 9.0% 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 Market0.84%
Financials2.33%
Consumer Finance8.57%
Capital Markets3.21%
Banks2.29%
Insurance0.97%
Diversified Financial0.38%
Mortgage Finance0%
Mortgage REITs0%
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 33.7%, 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 14.6x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 34% 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
CBA Commonwealth Bank of AustraliaAU$135.642.2%
+AU$4.8b		34.3%PB3.1x
MQG Macquarie GroupAU$232.233.3%
+AU$2.7b		36.6%PE24.9x
NAB National Australia BankAU$37.282.3%
+AU$2.6b		27.1%PB1.9x
WBC Westpac BankingAU$30.862.4%
+AU$2.5b		43.7%PB1.5x
ANZ ANZ Group HoldingsAU$30.392.5%
+AU$2.2b		18.2%PB1.3x
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7D

-0.9%

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7D

-0.8%

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Diversified United Investment (ASX:DUI) Is Due To Pay A Dividend Of A$0.09

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BKI

AU$1.72

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-0.9%

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NAB

AU$37.28

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7D

2.3%

1Y

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