Macquarie Group Limited's (ASX:MQG) CEO Compensation Is Looking A Bit Stretched At The Moment
Jul 18
Australian (ASX) Capital Markets Industry Analysis
UpdatedJul 18, 2024
DataAggregated Company Financials
Companies83
- 7D3.4%
- 3M10.2%
- 1Y15.6%
- YTD13.4%
The Capital Markets industry is up 3.4% in the last week, with Macquarie Group up 3.4%. In the last 12 months, the industry was up 16%. 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, 18 Jul 2024 | AU$151.6b | AU$28.9b | AU$6.3b | 22.5x | 24.1x | 5.3x |
| Sat, 15 Jun 2024 | AU$139.7b | AU$28.9b | AU$6.3b | 20.5x | 22.2x | 4.8x |
| Mon, 13 May 2024 | AU$140.5b | AU$28.9b | AU$6.3b | 21.2x | 22.3x | 4.9x |
| Wed, 10 Apr 2024 | AU$140.6b | AU$30.4b | AU$7.1b | 21.2x | 19.9x | 4.6x |
| Fri, 08 Mar 2024 | AU$141.4b | AU$30.4b | AU$7.1b | 21x | 20x | 4.6x |
| Sun, 04 Feb 2024 | AU$140.4b | AU$30.3b | AU$7.0b | 22.3x | 20.2x | 4.6x |
| Tue, 02 Jan 2024 | AU$134.7b | AU$30.1b | AU$6.8b | 20.5x | 19.7x | 4.5x |
| Thu, 30 Nov 2023 | AU$123.2b | AU$30.1b | AU$6.8b | 19.5x | 18x | 4.1x |
| Sat, 28 Oct 2023 | AU$116.1b | AU$30.3b | AU$7.4b | 19.4x | 15.7x | 3.8x |
| Mon, 25 Sep 2023 | AU$124.0b | AU$30.3b | AU$7.4b | 20.2x | 16.8x | 4.1x |
| Wed, 23 Aug 2023 | AU$123.3b | AU$30.0b | AU$7.3b | 20.5x | 16.8x | 4.1x |
| Fri, 21 Jul 2023 | AU$130.8b | AU$29.7b | AU$7.5b | 20.8x | 17.5x | 4.4x |
| Sun, 18 Jun 2023 | AU$128.8b | AU$29.8b | AU$7.5b | 20.1x | 17.1x | 4.3x |
| Tue, 16 May 2023 | AU$126.8b | AU$29.8b | AU$7.5b | 20.5x | 16.8x | 4.3x |
| Thu, 13 Apr 2023 | AU$128.2b | AU$28.9b | AU$7.3b | 20.6x | 17.5x | 4.4x |
| Sat, 11 Mar 2023 | AU$131.2b | AU$28.9b | AU$7.3b | 20.7x | 17.9x | 4.5x |
| Mon, 06 Feb 2023 | AU$135.7b | AU$29.0b | AU$7.6b | 17.9x | 17.9x | 4.7x |
| Wed, 04 Jan 2023 | AU$122.1b | AU$28.9b | AU$7.6b | 16.5x | 16.1x | 4.2x |
| Fri, 02 Dec 2022 | AU$130.2b | AU$28.9b | AU$7.6b | 16.8x | 17.1x | 4.5x |
| Sun, 30 Oct 2022 | AU$120.0b | AU$29.1b | AU$7.7b | 17x | 15.6x | 4.1x |
| Tue, 27 Sep 2022 | AU$120.9b | AU$28.3b | AU$7.3b | 17.1x | 16.5x | 4.3x |
| Thu, 25 Aug 2022 | AU$131.6b | AU$27.7b | AU$7.3b | 16.4x | 18.1x | 4.8x |
| Sat, 23 Jul 2022 | AU$133.3b | AU$27.7b | AU$7.2b | 14.5x | 18.5x | 4.8x |
| Mon, 20 Jun 2022 | AU$121.2b | AU$27.7b | AU$7.2b | 14.9x | 16.9x | 4.4x |
| Wed, 18 May 2022 | AU$133.8b | AU$27.8b | AU$7.2b | 15.8x | 18.6x | 4.8x |
| Fri, 15 Apr 2022 | AU$145.2b | AU$25.5b | AU$6.6b | 16.2x | 22.1x | 5.7x |
| Sun, 13 Mar 2022 | AU$138.4b | AU$29.1b | AU$7.2b | 15.4x | 19.1x | 4.8x |
| Tue, 08 Feb 2022 | AU$145.1b | AU$24.4b | AU$6.8b | 15.2x | 21.4x | 6x |
| Thu, 06 Jan 2022 | AU$160.4b | AU$24.3b | AU$6.7b | 15.1x | 24x | 6.6x |
| Sat, 04 Dec 2021 | AU$153.1b | AU$24.2b | AU$6.7b | 16x | 23x | 6.3x |
| Mon, 01 Nov 2021 | AU$155.9b | AU$23.8b | AU$6.4b | 17.6x | 24.4x | 6.5x |
| Wed, 29 Sep 2021 | AU$143.5b | AU$21.5b | AU$5.3b | 18.9x | 26.9x | 6.7x |
| Fri, 27 Aug 2021 | AU$142.7b | AU$21.9b | AU$5.6b | 16.8x | 25.5x | 6.5x |
Price to Earnings Ratio
24.6x
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 24.1x which is higher than its 3-year average PE of 19.5x.
- The industry is trading close to its 3-year average PS ratio of 4.9x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have grown 4.0% per year over the last three years.
- Revenues for these companies have grown 9.6% 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 | 3.01% | |
| Financials | 3.15% | |
| Capital Markets | 3.36% | |
| Financial Exchanges and Data | 4.58% | |
| Asset Management | 3.35% | |
| Diversified Capital Markets | 3.29% | |
| Investment Banking and Brokerage | 1.49% | |
Industry PE
- Investors are most optimistic about the Investment Banking and Brokerage industry which is trading above its 3-year average PE ratio of 59.7x.
- Analysts are expecting annual earnings growth of 23.1%, which is higher than its past year's earnings decline of 39.1% 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 16.0x.
Forecasted Growth
- Analysts are most optimistic on the Investment Banking and Brokerage industry, expecting annual earnings growth of 23% over the next 5 years.
- This is better than its past earnings decline of 39% 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MQG Macquarie Group | AU$209.72 | 3.4% +AU$2.5b | 13.1% | PE22.5x | |
| NWL Netwealth Group | AU$22.72 | 8.2% +AU$419.7m | 57.1% | PE73.1x | |
| ASX ASX | AU$65.44 | 3.2% +AU$393.5m | 5.6% | PE26.8x | |
| AFI Australian Foundation Investment | AU$7.34 | 2.2% +AU$200.3m | 3.2% | PE31x | |
| PNI Pinnacle Investment Management Group | AU$16.10 | 6.1% +AU$182.4m | 57.7% | PE41.9x |
