Should You Be Adding Australian Foundation Investment (ASX:AFI) To Your Watchlist Today?
May 30
Australian (ASX) Asset Management Industry Analysis
UpdatedJun 08, 2023
DataAggregated Company Financials
Companies75
- 7D1.3%
- 3M-4.1%
- 1Y-10.7%
- YTD-2.2%
The Asset Management is pretty flat in the last 7 days, but GQG Partners has stood out, gaining 10%. Unfortunately though, the industry is down 11% over the past 12 months. Looking forward, earnings are forecast to grow by 17% annually.
Industry Valuation and Performance
Has the Australian Asset Management Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 08 Jun 2023 | AU$44.8b | AU$8.2b | AU$2.1b | 20.8x | 21.2x | 5.5x |
| Sat, 06 May 2023 | AU$45.1b | AU$8.2b | AU$2.1b | 20.9x | 21.4x | 5.5x |
| Mon, 03 Apr 2023 | AU$44.3b | AU$8.2b | AU$2.1b | 20.9x | 20.9x | 5.4x |
| Wed, 01 Mar 2023 | AU$46.4b | AU$8.3b | AU$2.2b | 21.1x | 20.9x | 5.6x |
| Fri, 27 Jan 2023 | AU$47.6b | AU$8.4b | AU$2.2b | 20.3x | 21.9x | 5.7x |
| Sun, 25 Dec 2022 | AU$43.6b | AU$8.4b | AU$2.2b | 17.7x | 20x | 5.2x |
| Tue, 22 Nov 2022 | AU$45.3b | AU$8.4b | AU$2.2b | 17.7x | 20.8x | 5.4x |
| Thu, 20 Oct 2022 | AU$43.4b | AU$8.5b | AU$2.3b | 17.2x | 19.3x | 5.1x |
| Sat, 17 Sep 2022 | AU$45.7b | AU$8.5b | AU$2.2b | 18x | 21.1x | 5.4x |
| Mon, 15 Aug 2022 | AU$49.9b | AU$8.1b | AU$2.1b | 14.9x | 24.2x | 6.1x |
| Wed, 13 Jul 2022 | AU$45.0b | AU$8.0b | AU$2.0b | 14.9x | 22.2x | 5.6x |
| Fri, 10 Jun 2022 | AU$48.0b | AU$8.1b | AU$2.1b | 15.4x | 23.2x | 5.9x |
| Sun, 08 May 2022 | AU$49.2b | AU$8.0b | AU$2.1b | 15x | 24x | 6.1x |
| Tue, 05 Apr 2022 | AU$51.1b | AU$8.0b | AU$2.1b | 15.3x | 24.9x | 6.4x |
| Thu, 03 Mar 2022 | AU$54.5b | AU$11.3b | AU$2.7b | 15.4x | 20.1x | 4.8x |
| Sat, 29 Jan 2022 | AU$53.3b | AU$6.9b | AU$2.3b | 14x | 23.2x | 7.7x |
| Mon, 27 Dec 2021 | AU$58.8b | AU$6.9b | AU$2.2b | 15.2x | 26.9x | 8.5x |
| Wed, 24 Nov 2021 | AU$60.3b | AU$6.8b | AU$2.2b | 15.2x | 27.8x | 8.9x |
| Fri, 22 Oct 2021 | AU$60.7b | AU$6.4b | AU$1.9b | 18.7x | 32.4x | 9.5x |
| Sun, 19 Sep 2021 | AU$62.5b | AU$6.8b | AU$2.1b | 18.7x | 29.3x | 9.1x |
| Tue, 17 Aug 2021 | AU$62.9b | AU$6.8b | AU$2.1b | 16.4x | 29.4x | 9.2x |
| Tue, 01 Jun 2021 | AU$57.6b | AU$6.2b | AU$2.0b | 16.2x | 29.4x | 9.3x |
| Fri, 05 Mar 2021 | AU$53.1b | AU$5.6b | AU$1.8b | 23.7x | 29.3x | 9.4x |
| Mon, 07 Dec 2020 | AU$55.9b | AU$5.4b | AU$1.7b | 26x | 32.3x | 10.4x |
| Thu, 10 Sep 2020 | AU$48.4b | AU$5.2b | AU$1.7b | 21.4x | 28x | 9.4x |
Price to Earnings Ratio
26.3x
Current Industry PE
- Investors are pessimistic on the Australian Asset Management and Custody Banks industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 21.1x which is lower than its 3-year average PE of 25.6x.
- The 3-year average PS ratio of 7.6x is higher than the industry's current PS ratio of 5.5x.
Past Earnings Growth
- The earnings for companies in the Asset Management and Custody Banks industry have grown 6.9% per year over the last three years.
- Revenues for these companies have grown 17% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Australian Asset Management compare with similar industries?
| AU Market | 0.46% | |
| Financials | -1.17% | |
| Capital Markets | -0.05% | |
| Asset Management | 1.29% | |
| Diversified Capital Markets | 0.88% | |
| Investment Banking and Brokerage | -1.20% | |
| Financial Exchanges and Data | -8.97% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| GQG GQG Partners | AU$1.44 | 10.4% +AU$398.6m | -14.3% | PE12.2x | |
| NWL Netwealth Group | AU$12.98 | 1.8% +AU$56.1m | 0.5% | PE53.6x | |
| AEF Australian Ethical Investment | AU$3.13 | 16.4% +AU$49.6m | -38.3% | PE70.6x | |
| PTM Platinum Investment Management | AU$1.77 | 4.4% +AU$43.1m | 1.1% | PE12.8x | |
| PNI Pinnacle Investment Management Group | AU$9.16 | 2.5% +AU$42.9m | 21.8% | PE26.8x |
