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May 19
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Australian (ASX) Capital Markets Industry Analysis
UpdatedMay 22, 2025
DataAggregated Company Financials
Companies81
- 7D-1.2%
- 3M-8.6%
- 1Y9.1%
- YTD-3.4%
Over the last 7 days, the Capital Markets industry has dropped 1.2%, driven by Macquarie Group declining 0.8%. On the other hand Qualitas is actually up 5.1%. Over the past 12 months, the industry was up 9.1%. Looking forward, 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 |
|---|---|---|---|---|---|---|
| Thu, 22 May 2025 | AU$157.3b | AU$30.0b | AU$7.2b | 14.8x | 21.8x | 5.2x |
| Sat, 19 Apr 2025 | AU$140.4b | AU$30.0b | AU$7.2b | 14.1x | 19.5x | 4.7x |
| Mon, 17 Mar 2025 | AU$150.9b | AU$30.0b | AU$7.2b | 14.3x | 20.9x | 5x |
| Wed, 12 Feb 2025 | AU$171.3b | AU$30.3b | AU$6.7b | 21.8x | 25.7x | 5.7x |
| Fri, 10 Jan 2025 | AU$169.9b | AU$30.0b | AU$6.4b | 21.2x | 26.6x | 5.7x |
| Sun, 08 Dec 2024 | AU$170.6b | AU$30.1b | AU$6.3b | 20x | 26.9x | 5.7x |
| Tue, 05 Nov 2024 | AU$164.3b | AU$30.1b | AU$6.3b | 19.8x | 26x | 5.5x |
| Thu, 03 Oct 2024 | AU$159.3b | AU$29.6b | AU$6.0b | 18.3x | 26.4x | 5.4x |
| Sat, 31 Aug 2024 | AU$152.4b | AU$29.6b | AU$6.0b | 18.8x | 25.2x | 5.1x |
| Mon, 29 Jul 2024 | AU$149.0b | AU$28.9b | AU$6.3b | 21.7x | 23.6x | 5.2x |
| Wed, 26 Jun 2024 | AU$145.2b | AU$28.9b | AU$6.3b | 21.4x | 23.1x | 5x |
| Fri, 24 May 2024 | AU$141.0b | AU$28.9b | AU$6.3b | 23x | 22.4x | 4.9x |
| Sun, 21 Apr 2024 | AU$135.2b | AU$30.5b | AU$7.1b | 20.6x | 19.1x | 4.4x |
| Tue, 19 Mar 2024 | AU$142.4b | AU$30.4b | AU$7.1b | 20.7x | 20.1x | 4.7x |
| Thu, 15 Feb 2024 | AU$136.9b | AU$29.8b | AU$6.9b | 20.9x | 19.8x | 4.6x |
| Sat, 13 Jan 2024 | AU$136.2b | AU$30.2b | AU$6.9b | 21.1x | 19.9x | 4.5x |
| Mon, 11 Dec 2023 | AU$126.2b | AU$30.1b | AU$6.8b | 19.7x | 18.5x | 4.2x |
| Wed, 08 Nov 2023 | AU$118.9b | AU$30.1b | AU$6.8b | 19.5x | 17.4x | 3.9x |
| Fri, 06 Oct 2023 | AU$122.3b | AU$30.3b | AU$7.4b | 19.4x | 16.5x | 4x |
| Sun, 03 Sep 2023 | AU$127.1b | AU$30.3b | AU$7.4b | 19.9x | 17.2x | 4.2x |
| Tue, 01 Aug 2023 | AU$127.3b | AU$29.7b | AU$7.4b | 21x | 17.2x | 4.3x |
| Thu, 29 Jun 2023 | AU$124.1b | AU$29.8b | AU$7.5b | 19.9x | 16.5x | 4.2x |
| Sat, 27 May 2023 | AU$124.7b | AU$29.8b | AU$7.5b | 19.6x | 16.5x | 4.2x |
| Mon, 24 Apr 2023 | AU$129.9b | AU$28.9b | AU$7.3b | 20.4x | 17.7x | 4.5x |
| Wed, 22 Mar 2023 | AU$124.4b | AU$28.9b | AU$7.3b | 19.8x | 16.9x | 4.3x |
| Fri, 17 Feb 2023 | AU$136.6b | AU$29.0b | AU$7.6b | 17.6x | 18x | 4.7x |
| Sun, 15 Jan 2023 | AU$128.3b | AU$28.9b | AU$7.6b | 17.2x | 16.9x | 4.4x |
| Tue, 13 Dec 2022 | AU$124.0b | AU$28.9b | AU$7.6b | 16.9x | 16.3x | 4.3x |
| Thu, 10 Nov 2022 | AU$122.9b | AU$29.0b | AU$7.6b | 17x | 16.1x | 4.2x |
| Sat, 08 Oct 2022 | AU$120.4b | AU$28.3b | AU$7.3b | 17.2x | 16.4x | 4.3x |
| Mon, 05 Sep 2022 | AU$130.0b | AU$28.2b | AU$7.3b | 17.7x | 17.7x | 4.6x |
| Wed, 03 Aug 2022 | AU$136.6b | AU$27.8b | AU$7.3b | 14.6x | 18.8x | 4.9x |
| Fri, 01 Jul 2022 | AU$124.1b | AU$27.7b | AU$7.2b | 13.8x | 17.3x | 4.5x |
| Sun, 29 May 2022 | AU$135.2b | AU$27.8b | AU$7.2b | 15.5x | 18.7x | 4.9x |
Price to Earnings Ratio
18.7x
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 | 1.14% | |
| Financials | 2.07% | |
| Capital Markets | -1.22% | |
| Diversified Capital Markets | -0.75% | |
| Financial Exchanges and Data | -1.30% | |
| Investment Banking and Brokerage | -1.62% | |
| Asset Management | -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 75.0x.
- 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 | |
|---|---|---|---|---|---|
| ARG Argo Investments | AU$8.92 | 1.0% +AU$68.7m | 3.4% | PE27.4x | |
| QAL Qualitas | AU$2.85 | 4.0% +AU$32.3m | 17.3% | PE28x | |
| AFI Australian Foundation Investment | AU$7.19 | 0.3% +AU$25.1m | -0.4% | PE30x | |
| MFF MFF Capital Investments | AU$4.33 | 0.9% +AU$23.4m | 23.0% | PE3.7x | |
| BKI BKI Investment | AU$1.71 | 1.5% +AU$20.2m | -0.3% | PE22.5x |
