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Australian (ASX) Capital Markets Industry Analysis

UpdatedNov 05, 2024
DataAggregated Company Financials
Companies83
  • 7D-2.6%
  • 3M11.2%
  • 1Y36.4%
  • YTD20.4%

Over the last 7 days, the Capital Markets industry has dropped 2.6%, driven by a pullback from Macquarie Group of 4.4%. In the past year, the industry has gained 36%. As for the next few years, earnings are expected to grow by 12% per annum.

Industry Valuation and Performance

Has the Australian Capital Markets Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 05 Nov 2024AU$164.3bAU$30.1bAU$6.3b19.8x26x5.5x
Thu, 03 Oct 2024AU$159.3bAU$29.6bAU$6.0b18.3x26.4x5.4x
Sat, 31 Aug 2024AU$152.4bAU$29.6bAU$6.0b18.8x25.2x5.1x
Mon, 29 Jul 2024AU$149.0bAU$28.9bAU$6.3b21.7x23.6x5.2x
Wed, 26 Jun 2024AU$145.2bAU$28.9bAU$6.3b21.4x23.1x5x
Fri, 24 May 2024AU$141.0bAU$28.9bAU$6.3b23x22.4x4.9x
Sun, 21 Apr 2024AU$135.2bAU$30.5bAU$7.1b20.6x19.1x4.4x
Tue, 19 Mar 2024AU$142.4bAU$30.4bAU$7.1b20.7x20.1x4.7x
Thu, 15 Feb 2024AU$136.9bAU$29.8bAU$6.9b20.9x19.8x4.6x
Sat, 13 Jan 2024AU$136.2bAU$30.2bAU$6.9b21.1x19.9x4.5x
Mon, 11 Dec 2023AU$126.2bAU$30.1bAU$6.8b19.7x18.5x4.2x
Wed, 08 Nov 2023AU$118.9bAU$30.1bAU$6.8b19.5x17.4x3.9x
Fri, 06 Oct 2023AU$122.3bAU$30.3bAU$7.4b19.4x16.5x4x
Sun, 03 Sep 2023AU$127.1bAU$30.3bAU$7.4b19.9x17.2x4.2x
Tue, 01 Aug 2023AU$127.3bAU$29.7bAU$7.4b21x17.2x4.3x
Thu, 29 Jun 2023AU$124.1bAU$29.8bAU$7.5b19.9x16.5x4.2x
Sat, 27 May 2023AU$124.7bAU$29.8bAU$7.5b19.6x16.5x4.2x
Mon, 24 Apr 2023AU$129.9bAU$28.9bAU$7.3b20.4x17.7x4.5x
Wed, 22 Mar 2023AU$124.4bAU$28.9bAU$7.3b19.8x16.9x4.3x
Fri, 17 Feb 2023AU$136.6bAU$29.0bAU$7.6b17.6x18x4.7x
Sun, 15 Jan 2023AU$128.3bAU$28.9bAU$7.6b17.2x16.9x4.4x
Tue, 13 Dec 2022AU$124.0bAU$28.9bAU$7.6b16.9x16.3x4.3x
Thu, 10 Nov 2022AU$122.9bAU$29.0bAU$7.6b17x16.1x4.2x
Sat, 08 Oct 2022AU$120.4bAU$28.3bAU$7.3b17.2x16.4x4.3x
Mon, 05 Sep 2022AU$130.0bAU$28.2bAU$7.3b17.7x17.7x4.6x
Wed, 03 Aug 2022AU$136.6bAU$27.8bAU$7.3b14.6x18.8x4.9x
Fri, 01 Jul 2022AU$124.1bAU$27.7bAU$7.2b13.8x17.3x4.5x
Sun, 29 May 2022AU$135.2bAU$27.8bAU$7.2b15.5x18.7x4.9x
Tue, 26 Apr 2022AU$146.3bAU$25.5bAU$6.6b16.6x22.2x5.7x
Thu, 24 Mar 2022AU$147.9bAU$29.1bAU$7.2b15.8x20.5x5.1x
Sat, 19 Feb 2022AU$143.0bAU$24.6bAU$6.9b15.4x20.7x5.8x
Mon, 17 Jan 2022AU$154.8bAU$24.3bAU$6.7b15.5x23.2x6.4x
Wed, 15 Dec 2021AU$155.6bAU$24.3bAU$6.7b15.5x23.4x6.4x
Fri, 12 Nov 2021AU$154.3bAU$23.8bAU$6.3b17.6x24.6x6.5x
Price to Earnings Ratio

24.6x


Total Market Cap: AU$154.3bTotal Earnings: AU$6.3bTotal Revenue: AU$23.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Capital Markets Industry Price to Earnings3Y Average 19.5x202220232024
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 26.0x which is higher than its 3-year average PE of 19.5x.
  • The 3-year average PS ratio of 4.8x is lower than the industry's current PS ratio of 5.5x.
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 8.1% 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-0.64%
Financials-0.40%
Capital Markets-2.63%
Investment Banking and Brokerage0.85%
Asset Management-0.36%
Financial Exchanges and Data-4.20%
Diversified Capital Markets-4.39%
Industry PE
  • Investors are most optimistic about the Investment Banking and Brokerage industry which is trading above its 3-year average PE ratio of 67.1x.
    • 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 16.3x.
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?

CompanyLast Price7D1YValuation
HMC HMC CapitalAU$10.150.2%
+AU$355.6m
119.2%PE63.4x
NWL Netwealth GroupAU$28.342.4%
+AU$161.3m
113.9%PE83.1x
PNI Pinnacle Investment Management GroupAU$20.243.9%
+AU$150.7m
140.1%PE44.4x
HUB HUB24AU$69.591.4%
+AU$76.2m
113.1%PE119.6x
AEF Australian Ethical InvestmentAU$4.344.6%
+AU$21.4m
0.5%PE42.4x
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QAL

AU$2.72

Qualitas

7D

1.9%

1Y

19.8%

PNI

AU$20.24

Pinnacle Investment Management Group

7D

3.9%

1Y

140.1%

HMC

AU$10.15

HMC Capital

7D

0.2%

1Y

119.2%

MFG

AU$10.62

Magellan Financial Group

7D

-3.9%

1Y

53.5%

MQG

AU$222.28

Macquarie Group

7D

-4.4%

1Y

37.5%

BKI

AU$1.70

BKI Investment

7D

-1.5%

1Y

0.3%

HUB

AU$69.59

HUB24

7D

1.4%

1Y

113.1%

ASX

AU$64.35

ASX

7D

-4.2%

1Y

12.5%

PTM

AU$1.24

Platinum Investment Management

7D

1.2%

1Y

4.2%

RPL

AU$3.56

Regal Partners

7D

-7.0%

1Y

86.4%

AEF

AU$4.34

Australian Ethical Investment

7D

4.6%

1Y

0.5%

GQG

AU$2.67

GQG Partners

7D

-2.2%

1Y

94.2%