There's Reason For Concern Over Australian Foundation Investment Company Limited's (ASX:AFI) Price
Mar 27
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Australian (ASX) Capital Markets Industry Analysis
UpdatedApr 02, 2025
DataAggregated Company Financials
Companies80
- 7D-3.6%
- 3M-8.9%
- 1Y2.1%
- YTD-8.7%
Over the last 7 days, the Capital Markets industry has dropped 1.6%, driven by Macquarie Group declining 3.7%. On the other hand COG Financial Services is actually up 24%. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 11% per annum.
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 |
|---|---|---|---|---|---|---|
| Wed, 02 Apr 2025 | AU$149.0b | AU$30.0b | AU$7.2b | 14.3x | 20.6x | 5x |
| Fri, 28 Feb 2025 | AU$169.6b | AU$30.0b | AU$7.2b | 18.1x | 23.5x | 5.7x |
| Sun, 26 Jan 2025 | AU$173.6b | AU$29.9b | AU$6.4b | 20.7x | 27.2x | 5.8x |
| Tue, 24 Dec 2024 | AU$164.8b | AU$30.1b | AU$6.3b | 20.1x | 26x | 5.5x |
| Thu, 21 Nov 2024 | AU$169.7b | AU$30.0b | AU$6.3b | 20x | 26.8x | 5.6x |
| 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 |
Price to Earnings Ratio
22.1x
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 20.0x.
- The industry is trading close to its 3-year average PS ratio of 4.7x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have grown 3.2% per year over the last three years.
- Revenues for these companies have grown 5.6% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Australian Financials industry?
| AU Market | -0.43% | |
| Financials | 1.19% | |
| Capital Markets | -3.56% | |
| Asset Management | -3.04% | |
| Diversified Capital Markets | -3.73% | |
| Financial Exchanges and Data | -4.49% | |
| Investment Banking and Brokerage | -4.53% | |
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 73.4x.
- Analysts are expecting annual earnings growth of 22.3%, which is lower than the prior year's growth of 34.7% per year.
- Investors are most pessimistic about the Asset Management industry, which is trading below its 3-year average of 22.9x.
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 4.1% 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 | |
|---|---|---|---|---|---|
| COG COG Financial Services | AU$1.24 | 32.1% +AU$60.6m | -12.4% | PE20.4x | |
| PAC Pacific Current Group | AU$11.89 | 3.9% +AU$23.5m | 13.6% | PE3.1x | |
| QAL Qualitas | AU$2.39 | 3.5% +AU$23.5m | -4.4% | PE23.5x | |
| NGI Navigator Global Investments | AU$1.87 | 1.6% +AU$14.7m | 16.5% | PE4.6x | |
| BFG Bell Financial Group | AU$1.30 | 2.8% +AU$11.2m | -3.7% | PE13.5x |
