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Australian (ASX) Capital Markets Industry Analysis
UpdatedMay 20, 2025
DataAggregated Company Financials
Companies81
- 7D-0.9%
- 3M-10.6%
- 1Y8.6%
- YTD-4.3%
The Capital Markets industry has been flat over the last week, but Macquarie Group has lost 3.3%. As for the the longer term, the industry is up 8.6% over the past 12 months. Earnings are forecast to grow by 11% 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 |
|---|---|---|---|---|---|---|
| Tue, 20 May 2025 | AU$155.7b | AU$30.0b | AU$7.2b | 14.8x | 21.6x | 5.2x |
| Thu, 17 Apr 2025 | AU$139.9b | AU$30.0b | AU$7.2b | 14.2x | 19.4x | 4.7x |
| Sat, 15 Mar 2025 | AU$150.9b | AU$30.0b | AU$7.2b | 14.3x | 20.9x | 5x |
| Mon, 10 Feb 2025 | AU$170.7b | AU$30.3b | AU$6.7b | 21.4x | 25.6x | 5.6x |
| Wed, 08 Jan 2025 | AU$168.0b | AU$29.9b | AU$6.4b | 20.9x | 26.4x | 5.6x |
| Fri, 06 Dec 2024 | AU$172.3b | AU$30.1b | AU$6.3b | 20x | 27.2x | 5.7x |
| Sun, 03 Nov 2024 | AU$164.5b | AU$30.2b | AU$6.3b | 19.8x | 25.9x | 5.4x |
| Tue, 01 Oct 2024 | AU$160.9b | AU$29.6b | AU$6.0b | 18.2x | 26.6x | 5.4x |
| Thu, 29 Aug 2024 | AU$151.2b | AU$29.9b | AU$6.6b | 19.4x | 22.9x | 5.1x |
| Sat, 27 Jul 2024 | AU$149.0b | AU$28.9b | AU$6.3b | 21.7x | 23.6x | 5.2x |
| Mon, 24 Jun 2024 | AU$143.4b | AU$28.9b | AU$6.3b | 21x | 22.8x | 5x |
| Wed, 22 May 2024 | AU$140.3b | AU$28.9b | AU$6.3b | 21x | 22.3x | 4.9x |
| Fri, 19 Apr 2024 | AU$137.5b | AU$30.5b | AU$7.1b | 20.7x | 19.4x | 4.5x |
| Sun, 17 Mar 2024 | AU$141.7b | AU$30.4b | AU$7.1b | 20.9x | 20x | 4.7x |
| Tue, 13 Feb 2024 | AU$138.2b | AU$29.8b | AU$6.9b | 22.1x | 20x | 4.6x |
| Thu, 11 Jan 2024 | AU$134.7b | AU$30.2b | AU$6.9b | 20.6x | 19.7x | 4.5x |
| Sat, 09 Dec 2023 | AU$126.2b | AU$30.1b | AU$6.8b | 19.7x | 18.5x | 4.2x |
| Mon, 06 Nov 2023 | AU$118.8b | AU$29.6b | AU$6.5b | 19.4x | 18.2x | 4x |
| Wed, 04 Oct 2023 | AU$122.3b | AU$30.3b | AU$7.4b | 19.2x | 16.5x | 4x |
| Fri, 01 Sep 2023 | AU$127.2b | AU$30.6b | AU$7.4b | 19.6x | 17.2x | 4.2x |
| Sun, 30 Jul 2023 | AU$127.8b | AU$29.7b | AU$7.4b | 20.9x | 17.3x | 4.3x |
| Tue, 27 Jun 2023 | AU$123.7b | AU$29.8b | AU$7.5b | 20x | 16.4x | 4.1x |
| Thu, 25 May 2023 | AU$126.5b | AU$29.8b | AU$7.5b | 19.7x | 16.8x | 4.2x |
| Sat, 22 Apr 2023 | AU$129.9b | AU$28.9b | AU$7.3b | 20.4x | 17.7x | 4.5x |
| Mon, 20 Mar 2023 | AU$126.0b | AU$28.9b | AU$7.3b | 19.5x | 17.2x | 4.4x |
| Wed, 15 Feb 2023 | AU$135.0b | AU$28.9b | AU$7.6b | 18x | 17.8x | 4.7x |
| Fri, 13 Jan 2023 | AU$127.6b | AU$28.9b | AU$7.6b | 17.2x | 16.8x | 4.4x |
| Sun, 11 Dec 2022 | AU$123.0b | AU$28.9b | AU$7.6b | 17.2x | 16.2x | 4.3x |
| Tue, 08 Nov 2022 | AU$122.1b | AU$29.0b | AU$7.6b | 16.7x | 16x | 4.2x |
| Thu, 06 Oct 2022 | AU$122.0b | AU$28.3b | AU$7.3b | 16.5x | 16.6x | 4.3x |
| Sat, 03 Sep 2022 | AU$130.0b | AU$28.1b | AU$7.3b | 17.1x | 17.7x | 4.6x |
| Mon, 01 Aug 2022 | AU$136.4b | AU$27.8b | AU$7.3b | 14.8x | 18.8x | 4.9x |
| Wed, 29 Jun 2022 | AU$126.5b | AU$27.7b | AU$7.2b | 14.9x | 17.6x | 4.6x |
| Fri, 27 May 2022 | AU$133.2b | AU$27.8b | AU$7.2b | 15.5x | 18.5x | 4.8x |
Price to Earnings Ratio
18.5x
Current Industry PE
- Investors are relatively neutral on the Australian Capital Markets industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 19.9x.
- The 3-year average PS ratio of 4.7x is lower than the industry's current PS ratio of 5.2x.
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 2.6% 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 | 1.00% | |
| Capital Markets | -0.85% | |
| Investment Banking and Brokerage | 1.05% | |
| Asset Management | 0.056% | |
| Financial Exchanges and Data | -0.94% | |
| Diversified Capital Markets | -1.75% | |
Industry PE
- Investors are most optimistic about the Investment Banking and Brokerage industry, which is trading close to its 3-year average PE ratio of 74.9x.
- Analysts are expecting annual earnings growth of 21.8%, which is lower than the prior year's growth of 35.3% per year.
- Investors are most pessimistic about the Asset Management industry, which is trading below its 3-year average of 22.6x.
Forecasted Growth
- Analysts are most optimistic on the Investment Banking and Brokerage industry, expecting annual earnings growth of 22% over the next 5 years.
- However this is lower than its past earnings growth rate of 35% per year.
- In contrast, the Financial Exchanges and Data industry is expected to see its earnings grow by 4.2% 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 | |
|---|---|---|---|---|---|
| NWL Netwealth Group | AU$30.95 | 1.4% +AU$107.8m | 52.2% | PE74.6x | |
| QAL Qualitas | AU$2.83 | 8.4% +AU$64.6m | 22.0% | PE27.8x | |
| NGI Navigator Global Investments | AU$1.80 | 7.5% +AU$61.3m | -1.9% | PE4.5x | |
| HMC HMC Capital | AU$5.70 | 2.2% +AU$49.5m | -18.8% | PE10.9x | |
| MAF MA Financial Group | AU$7.05 | 4.3% +AU$47.3m | 53.3% | PE27.5x |
