Brambles (ASX:BXB) Has A Pretty Healthy Balance Sheet
Nov 29
Australian (ASX) Commercial Services Industry Analysis
UpdatedDec 05, 2023
DataAggregated Company Financials
Companies33
- 7D2.1%
- 3M-9.0%
- 1Y4.9%
- YTD10.0%
The Commercial Services industry is up 1.4% in the last week, with Brambles up 1.9%. In the last 12 months, the industry was up 5.1%. Earnings are forecast to grow by 19% annually.
Industry Valuation and Performance
Has the Australian Commercial Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 05 Dec 2023 | AU$31.2b | AU$28.8b | AU$493.7m | 23x | 63.3x | 1.1x |
| Thu, 02 Nov 2023 | AU$30.5b | AU$29.3b | AU$544.1m | 18.3x | 56.1x | 1x |
| Sat, 30 Sep 2023 | AU$32.0b | AU$29.1b | AU$526.9m | 19.8x | 60.8x | 1.1x |
| Mon, 28 Aug 2023 | AU$32.4b | AU$28.5b | AU$450.2m | 26.7x | 72x | 1.1x |
| Wed, 26 Jul 2023 | AU$32.4b | AU$27.2b | AU$976.9m | 27.1x | 33.2x | 1.2x |
| Fri, 23 Jun 2023 | AU$31.8b | AU$27.2b | AU$976.7m | 25.7x | 32.5x | 1.2x |
| Sun, 21 May 2023 | AU$31.8b | AU$27.4b | AU$993.6m | 23.9x | 32x | 1.2x |
| Tue, 18 Apr 2023 | AU$30.7b | AU$27.3b | AU$985.1m | 25.7x | 31.1x | 1.1x |
| Thu, 16 Mar 2023 | AU$29.2b | AU$27.4b | AU$994.3m | 23.6x | 29.4x | 1.1x |
| Sat, 11 Feb 2023 | AU$28.7b | AU$25.6b | AU$854.7m | 27.7x | 33.6x | 1.1x |
| Mon, 09 Jan 2023 | AU$27.6b | AU$25.7b | AU$859.6m | 26.2x | 32.1x | 1.1x |
| Wed, 07 Dec 2022 | AU$29.3b | AU$25.9b | AU$878.3m | 26.2x | 33.4x | 1.1x |
| Fri, 04 Nov 2022 | AU$28.7b | AU$26.2b | AU$919.5m | 22.6x | 31.2x | 1.1x |
| Sun, 02 Oct 2022 | AU$28.0b | AU$26.1b | AU$895.8m | 21x | 31.3x | 1.1x |
| Tue, 30 Aug 2022 | AU$30.0b | AU$25.5b | AU$910.3m | 20.8x | 33x | 1.2x |
| Thu, 28 Jul 2022 | AU$28.1b | AU$25.6b | AU$951.0m | 18.9x | 29.5x | 1.1x |
| Sat, 25 Jun 2022 | AU$26.7b | AU$25.7b | AU$947.2m | 18.1x | 28.2x | 1x |
| Mon, 23 May 2022 | AU$29.0b | AU$25.5b | AU$931.1m | 20.1x | 31.1x | 1.1x |
| Wed, 20 Apr 2022 | AU$27.4b | AU$25.2b | AU$894.9m | 18.8x | 30.6x | 1.1x |
| Fri, 18 Mar 2022 | AU$26.2b | AU$25.3b | AU$905.7m | 18.3x | 28.9x | 1x |
| Sun, 13 Feb 2022 | AU$26.1b | AU$25.2b | AU$983.5m | 19.6x | 26.5x | 1x |
| Tue, 11 Jan 2022 | AU$28.5b | AU$25.4b | AU$977.8m | 22.8x | 29.1x | 1.1x |
| Thu, 09 Dec 2021 | AU$31.6b | AU$25.4b | AU$979.2m | 20.9x | 32.2x | 1.2x |
| Sat, 06 Nov 2021 | AU$29.1b | AU$25.1b | AU$954.9m | 21.8x | 30.5x | 1.2x |
| Mon, 04 Oct 2021 | AU$28.5b | AU$25.2b | AU$965.7m | 21.9x | 29.5x | 1.1x |
| Wed, 01 Sep 2021 | AU$30.8b | AU$24.5b | AU$1.0b | 18.1x | 30.6x | 1.3x |
| Thu, 08 Jul 2021 | AU$28.9b | AU$24.5b | AU$1.0b | 17x | 28.6x | 1.2x |
| Wed, 31 Mar 2021 | AU$26.2b | AU$24.3b | AU$807.5m | 19.4x | 32.4x | 1.1x |
| Sat, 02 Jan 2021 | AU$27.0b | AU$24.7b | AU$509.5m | 20.8x | 53x | 1.1x |
Price to Earnings Ratio
53x
Current Industry PE
- Investors are optimistic on the Australian Commercial Services industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 64.0x which is higher than its 3-year average PE of 36.0x.
- The industry is trading close to its 3-year average PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Commercial Services industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 4.1% 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 Industrials industry?
| AU Market | 1.78% | |
| Industrials | 1.53% | |
| Commercial Services | 2.07% | |
| Environmental and Facilities Services | 2.52% | |
| Diversified Support Services | 1.98% | |
| Office Services and Supplies | 0% | |
| Security and Alarm Services | -4.35% | |
| Commercial Printing | -19.13% | |
Industry PE
- Investors are most optimistic about the Diversified Support Services industry which is trading above its 3-year average PE ratio of 29.2x.
- Analysts are expecting annual earnings growth of 16.3%, which is lower than the prior year's growth of 18.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Environmental and Facilities Services industry, expecting annual earnings growth of 30% over the next 5 years.
- This is better than its past earnings decline of 73% per year.
- In contrast, the Diversified Support Services industry is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|
| BXB Brambles | AU$13.14 | 0.9% +AU$167.1m | 8.3% | PE18.5x | |
| MAD Mader Group | AU$6.83 | 5.4% +AU$70.0m | 86.6% | PE35.5x | |
| C79 Chrysos | AU$7.90 | 5.9% +AU$48.8m | 150.8% | PE1978.9x | |
| CWY Cleanaway Waste Management | AU$2.47 | 0.8% +AU$44.6m | -10.2% | PE254.8x | |
| ETR Entyr | AU$0.007 | 16.7% +AU$2.0m | -58.8% | PS2.6x |
