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Australian (ASX) Capital Markets Industry Analysis
UpdatedNov 20, 2024
DataAggregated Company Financials
Companies82
- 7D0.7%
- 3M10.6%
- 1Y36.8%
- YTD25.1%
Over the last 7 days, the Capital Markets industry has remained flat. As for the the longer term, the industry is up 37% over the past 12 months. Looking forward, earnings are forecast to grow by 12% annually.
Industry Valuation and Performance
Has the Australian Capital Markets Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | AU$170.7b | AU$30.0b | AU$6.3b | 20x | 27x | 5.7x |
| Sat, 19 Oct 2024 | AU$168.9b | AU$29.7b | AU$6.1b | 19.6x | 27.6x | 5.7x |
| Mon, 16 Sep 2024 | AU$156.3b | AU$29.6b | AU$6.1b | 17.5x | 25.8x | 5.3x |
| Wed, 14 Aug 2024 | AU$147.9b | AU$28.9b | AU$6.3b | 21.5x | 23.4x | 5.1x |
| Fri, 12 Jul 2024 | AU$146.7b | AU$28.9b | AU$6.3b | 21.8x | 23.3x | 5.1x |
| Sun, 09 Jun 2024 | AU$143.2b | AU$28.9b | AU$6.3b | 21.2x | 22.7x | 5x |
| Tue, 07 May 2024 | AU$138.1b | AU$28.9b | AU$6.3b | 20.5x | 21.9x | 4.8x |
| Thu, 04 Apr 2024 | AU$141.1b | AU$30.4b | AU$7.1b | 20.8x | 19.9x | 4.6x |
| Sat, 02 Mar 2024 | AU$140.8b | AU$30.6b | AU$7.1b | 25.3x | 19.9x | 4.6x |
| Mon, 29 Jan 2024 | AU$138.4b | AU$30.3b | AU$7.0b | 21.7x | 19.9x | 4.6x |
| Wed, 27 Dec 2023 | AU$132.6b | AU$30.1b | AU$6.8b | 20.5x | 19.4x | 4.4x |
| Fri, 24 Nov 2023 | AU$122.6b | AU$30.1b | AU$6.8b | 19.4x | 17.9x | 4.1x |
| Sun, 22 Oct 2023 | AU$117.3b | AU$30.3b | AU$7.4b | 19.5x | 15.9x | 3.9x |
| Tue, 19 Sep 2023 | AU$125.3b | AU$30.3b | AU$7.4b | 20.1x | 17x | 4.1x |
| Thu, 17 Aug 2023 | AU$125.4b | AU$29.7b | AU$7.4b | 21.3x | 17x | 4.2x |
| Sat, 15 Jul 2023 | AU$128.9b | AU$29.7b | AU$7.5b | 20.8x | 17.2x | 4.3x |
| Mon, 12 Jun 2023 | AU$123.4b | AU$29.8b | AU$7.5b | 20.2x | 16.4x | 4.1x |
| Wed, 10 May 2023 | AU$128.1b | AU$29.8b | AU$7.5b | 20.6x | 17x | 4.3x |
| Fri, 07 Apr 2023 | AU$126.7b | AU$28.9b | AU$7.3b | 20.8x | 17.3x | 4.4x |
| Sun, 05 Mar 2023 | AU$131.6b | AU$28.9b | AU$7.5b | 20.7x | 17.7x | 4.6x |
| Tue, 31 Jan 2023 | AU$133.8b | AU$28.9b | AU$7.6b | 17.4x | 17.6x | 4.6x |
| Thu, 29 Dec 2022 | AU$122.3b | AU$28.9b | AU$7.6b | 16.6x | 16.1x | 4.2x |
| Sat, 26 Nov 2022 | AU$128.9b | AU$28.9b | AU$7.6b | 17.1x | 16.9x | 4.5x |
| Mon, 24 Oct 2022 | AU$116.6b | AU$28.3b | AU$7.4b | 16.4x | 15.7x | 4.1x |
| Wed, 21 Sep 2022 | AU$126.4b | AU$28.3b | AU$7.3b | 17.2x | 17.2x | 4.5x |
| Fri, 19 Aug 2022 | AU$136.7b | AU$27.6b | AU$7.3b | 14.9x | 18.7x | 4.9x |
| Sun, 17 Jul 2022 | AU$127.2b | AU$27.7b | AU$7.2b | 14.9x | 17.7x | 4.6x |
| Tue, 14 Jun 2022 | AU$129.4b | AU$27.7b | AU$7.2b | 15.4x | 18x | 4.7x |
| Thu, 12 May 2022 | AU$135.2b | AU$27.8b | AU$7.2b | 15.6x | 18.7x | 4.9x |
| Sat, 09 Apr 2022 | AU$145.6b | AU$25.5b | AU$6.6b | 16.8x | 22.1x | 5.7x |
| Mon, 07 Mar 2022 | AU$138.7b | AU$28.7b | AU$7.2b | 15.4x | 19.2x | 4.8x |
| Wed, 02 Feb 2022 | AU$143.4b | AU$24.3b | AU$6.8b | 15.2x | 21.1x | 5.9x |
| Fri, 31 Dec 2021 | AU$157.7b | AU$24.3b | AU$6.7b | 15.6x | 23.6x | 6.5x |
| Sun, 28 Nov 2021 | AU$150.4b | AU$24.2b | AU$6.7b | 15.7x | 22.6x | 6.2x |
Price to Earnings Ratio
22.6x
Current Industry PE
- Investors are optimistic on the Australian Capital Markets industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 27.0x which is higher than its 3-year average PE of 19.6x.
- The 3-year average PS ratio of 4.8x is lower than the industry's current PS ratio of 5.7x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 7.4% 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 and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Australian Financials industry?
| AU Market | 1.37% | |
| Financials | 2.36% | |
| Capital Markets | 0.72% | |
| Investment Banking and Brokerage | 2.53% | |
| Financial Exchanges and Data | 2.09% | |
| Asset Management | 1.27% | |
| Diversified Capital Markets | -0.065% | |
Industry PE
- Investors are most optimistic about the Investment Banking and Brokerage industry which is trading above its 3-year average PE ratio of 68.0x.
- Analysts are expecting annual earnings growth of 20.9%, which is higher than its past year's earnings growth of 16.0% per year.
- Investors are most pessimistic about the Diversified Capital Markets industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 16.4x.
Forecasted Growth
- Analysts are most optimistic on the Investment Banking and Brokerage industry, expecting annual earnings growth of 21% over the next 5 years.
- This is better than its past earnings growth rate of 16% per year.
- In contrast, the Financial Exchanges and Data industry is expected to see its earnings grow by 4.3% 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 | |
|---|---|---|---|---|---|
| MQG Macquarie Group | AU$229.91 | 0.9% +AU$713.3m | 37.5% | PE23.4x | |
| HMC HMC Capital | AU$11.73 | 7.9% +AU$354.5m | 145.4% | PE73.2x | |
| ASX ASX | AU$66.62 | 1.5% +AU$195.8m | 16.7% | PE27.2x | |
| RPL Regal Partners | AU$4.15 | 12.5% +AU$154.3m | 69.4% | PE25x | |
| ARG Argo Investments | AU$9.05 | 2.1% +AU$143.8m | 5.7% | PE27.3x |
