Australian (ASX) Diversified Financial Industry Analysis

Industry Valuation and Performance

Has the Australian Diversified Financial Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Thu, 18 Jun 2026	AU$31.4b	AU$10.9b	AU$3.6b	14.4x	8.6x	2.9x
Sat, 16 May 2026	AU$30.4b	AU$10.9b	AU$3.7b	9.1x	8.3x	2.8x
Mon, 13 Apr 2026	AU$29.4b	AU$10.9b	AU$3.7b	9.8x	8x	2.7x
Wed, 11 Mar 2026	AU$26.6b	AU$9.5b	AU$1.7b	11.3x	15.7x	2.8x
Fri, 06 Feb 2026	AU$29.2b	AU$9.5b	AU$1.4b	16.4x	21.5x	3.1x
Sun, 04 Jan 2026	AU$29.7b	AU$9.5b	AU$1.4b	16.9x	21.9x	3.1x
Tue, 02 Dec 2025	AU$29.0b	AU$9.5b	AU$1.4b	17.9x	21.4x	3x
Thu, 30 Oct 2025	AU$29.7b	AU$9.5b	AU$1.4b	19.8x	21.5x	3.1x
Sat, 27 Sep 2025	AU$29.4b	AU$9.5b	AU$1.5b	20.1x	19.1x	3.1x
Mon, 25 Aug 2025	AU$30.5b	AU$9.7b	AU$1.1b	25.4x	27x	3.1x
Wed, 23 Jul 2025	AU$29.1b	AU$10.3b	AU$1.1b	23.7x	27.6x	2.8x
Fri, 20 Jun 2025	AU$27.5b	AU$10.3b	AU$1.1b	18.2x	26.1x	2.7x
Sun, 18 May 2025	AU$26.5b	AU$10.3b	AU$1.1b	18.3x	24.7x	2.6x
Tue, 15 Apr 2025	AU$24.0b	AU$10.3b	AU$1.1b	15.5x	22.4x	2.3x
Thu, 13 Mar 2025	AU$22.6b	AU$10.1b	AU$1.0b	16.7x	21.6x	2.2x
Sat, 08 Feb 2025	AU$24.9b	AU$9.9b	AU$894.9m	16.4x	27.8x	2.5x
Mon, 06 Jan 2025	AU$24.6b	AU$9.9b	AU$894.8m	15.5x	27.5x	2.5x
Wed, 04 Dec 2024	AU$25.0b	AU$9.9b	AU$895.0m	16.8x	27.9x	2.5x
Fri, 01 Nov 2024	AU$23.2b	AU$9.5b	AU$872.8m	17.7x	26.6x	2.4x
Sun, 29 Sep 2024	AU$24.0b	AU$9.5b	AU$869.1m	20x	27.6x	2.5x
Tue, 27 Aug 2024	AU$24.0b	AU$9.5b	AU$808.8m	22.8x	29.7x	2.5x
Thu, 25 Jul 2024	AU$23.5b	AU$9.1b	AU$976.6m	23.2x	24.1x	2.6x
Sat, 22 Jun 2024	AU$23.0b	AU$9.1b	AU$976.6m	22.4x	23.6x	2.5x
Mon, 20 May 2024	AU$22.0b	AU$9.1b	AU$962.4m	31.4x	22.8x	2.4x
Wed, 17 Apr 2024	AU$23.3b	AU$9.1b	AU$961.9m	31.1x	24.3x	2.6x
Fri, 15 Mar 2024	AU$23.6b	AU$9.1b	AU$1.1b	24.6x	21x	2.6x
Sun, 11 Feb 2024	AU$22.8b	AU$8.3b	AU$911.6m	17.3x	25.1x	2.8x
Tue, 09 Jan 2024	AU$22.1b	AU$8.7b	AU$880.8m	15.8x	25.1x	2.5x
Thu, 07 Dec 2023	AU$22.5b	AU$8.7b	AU$880.8m	13.1x	25.5x	2.6x
Sat, 04 Nov 2023	AU$22.8b	AU$8.6b	AU$880.0m	14x	25.9x	2.6x
Mon, 02 Oct 2023	AU$23.3b	AU$8.6b	AU$879.9m	14.9x	26.5x	2.7x
Wed, 30 Aug 2023	AU$23.5b	AU$9.5b	AU$1.4b	14.6x	16.5x	2.5x
Fri, 28 Jul 2023	AU$24.0b	AU$7.0b	AU$1.1b	22.2x	21.8x	3.4x
Sun, 25 Jun 2023	AU$22.6b	AU$7.0b	AU$1.1b	21.8x	20.5x	3.2x

Current Industry PE

Investors are pessimistic on the Australian Diversified Financial 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 8.6x which is lower than its 3-year average PE of 22.5x.

The industry is trading close to its 3-year average PS ratio of 2.7x.

Past Earnings Growth

The earnings for companies in the Diversified Financial industry have grown 49% per year over the last three years.
Revenues for these companies have grown 16% 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	3.70%
Financials	2.37%
Diversified Financial	2.24%
Other Diversified Financial Services	4.02%
Specialized Finance	2.18%
Transaction and Payment Processing Services	1.35%
Multi-Sector Holdings	1.22%

Industry PE

Investors are most optimistic about the Other Diversified Financial Services industry even though it's trading below its 3-year average PE ratio of 31.9x.

Analysts are expecting annual earnings growth of 9.0%, which is lower than the prior year's growth of 29.9% per year.

Forecasted Growth

Analysts are most optimistic on the Transaction and Payment Processing Services industry, expecting annual earnings growth of 30% over the next 5 years.
This is better than its past earnings growth rate of 4.0% per year.

In contrast, the Specialized Finance industry is expected to see its earnings decline by 127% 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
CGF Challenger	AU$9.77	4.2% +AU$266.5m	24.8%	PE14.6x
SOL WHSP Holdings	AU$44.44	1.1% +AU$189.7m	9.1%	PE7.2x
AMP AMP	AU$1.59	3.6% +AU$136.4m	30.3%	PE29.6x
HLI Helia Group	AU$5.08	2.6% +AU$35.5m	-3.1%	PE5.7x
CCL Cuscal	AU$5.05	2.9% +AU$28.0m	76.6%	PE26.6x

Cuscal Limited (ASX:CCL) completed the acquisition of Paymark Limited from Retail International Holding S.A.S.

Cuscal Limited (ASX:CCL) entered into an exclusive arrangement to acquire Paymark Limited from Retail International Holding S.A.S. for AUD 27 million on April 14, 2026. A cash consideration of AUD 27 million will be paid by Cuscal Limited. As part of consideration, AUD 27 million is paid towards common equity of Paymark Limited. The transaction will be financed through equity investment of AUD 33 million. Cash consideration will be funded via an equity raise, comprising a fully underwritten Institutional Placement (Placement) of AUD 30 million. Cuscal will also undertake a non-underwritten Share Purchase Plan (SPP) for up to AUD 3 million, which is expected to cover all transaction costs. Paymark will continue to operate as a standalone business. The Acquisition will be subject to a mandatory French Works Council consultation process customary for a transaction of this nature. Subject to the completion of the French Works Council process and Worldline exercising the put option under the Put Option Agreement. No Cuscal shareholder approvals are required in respect of the Acquisition and equity raising and all requisite Paymark shareholder approvals have already been obtained. Completion of the Acquisition is expected to occur by June 30, 2026. The Acquisition is expected to be mid-single digit EPS accretive in FY27E and deliver mid-teens Return on Invested Capital (ROIC) in FY27E. Ad of April 24, 2026, Cuscal is pleased to advise that the French Works Council consultation process has successfully completed. Worldline has irrevocably and unconditionally exercised the put option and the Acquisition is expected to complete on 29 May 2026. Russell McVeagh acted as legal advisor for Worldline IGSA Group S.A. Citigroup Global Markets Europe AG acted as financial advisor for Worldline IGSA Group S.A. Bofa Securities acted as financial advisor for Cuscal Limited. Bell Gully acted as legal advisor for Cuscal Limited. Cuscal Limited (ASX:CCL) completed the acquisition of Paymark Limited from Retail International Holding S.A.S. on May 29, 2026. Cuscal Limited continues to expect the acquisition to be mid-single digit EPS accretive in FY27

Australian (ASX) Diversified Financial Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

HLI: Lowered Return Assumptions Will Pressure P/E And Future Share Price

TYR: Stable Assumptions And Weaker Outlook Will Sustain Overvalued View

EML: New CEO Appointment Will Drive Higher Profitability Expectations

SOL: Higher Interim Dividend Will Sit With Steady Fair Value Outlook

AMP: Future Returns Will Hinge On Buybacks And Margin Execution

RMC: Future Returns Will Be Tempered By Leadership Change And Rich Dividend Payout

Findi Limited Announces Appointment and Resignation of Joint Company Secretaries, Effective June 3, 2026

Challenger Poised for Growth as Retirement Income Reforms and Ageing Population Drive Demand

Australian Finance Group Limited (ASX:AFG) announces an Equity Buyback for 9,740,260 shares, representing 3.58% for AUD 15 million.

Liberty Financial Group Limited Announces Quarterly Unfranked Distribution, Payable on 22 June 2026

Cuscal Limited (ASX:CCL) completed the acquisition of Paymark Limited from Retail International Holding S.A.S.

An undisclosed buyer executed a Share Transfer Agreement to acquire remaining 62% stake in Asf Technologies (Australia) Pty. Ltd. from ASF Group Limited (ASX:AFA) for AUD 0.47 million.

Forecast breakeven date pushed back to 2027