Is NRW Holdings Limited (ASX:NWH) Potentially Undervalued?
Sep 23
Australian (ASX) Construction Industry Analysis
UpdatedSep 26, 2023
DataAggregated Company Financials
Companies22
- 7D1.6%
- 3M10.3%
- 1Y22.2%
- YTD14.6%
Over the last 7 days, the Construction industry has risen 1.6%, driven by gains from Worley of 1.1%. Meanwhile, Lycopodium actually underperformed within the industry, shrinking 8.8% in the last week. This means that the industry has gained 22% over the past year. Looking forward, earnings are forecast to grow by 21% annually.
Industry Valuation and Performance
Has the Australian Construction Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 26 Sep 2023 | AU$19.6b | AU$30.8b | AU$615.4m | 14.6x | 31.8x | 0.6x |
| Thu, 24 Aug 2023 | AU$19.3b | AU$30.3b | AU$572.3m | 15.3x | 33.8x | 0.6x |
| Sat, 22 Jul 2023 | AU$18.7b | AU$28.9b | AU$365.8m | 15.6x | 51.2x | 0.6x |
| Mon, 19 Jun 2023 | AU$17.9b | AU$28.9b | AU$365.8m | 14.6x | 49x | 0.6x |
| Wed, 17 May 2023 | AU$18.4b | AU$28.9b | AU$365.8m | 15.3x | 50.4x | 0.6x |
| Fri, 14 Apr 2023 | AU$17.7b | AU$28.9b | AU$365.8m | 14.3x | 48.5x | 0.6x |
| Sun, 12 Mar 2023 | AU$9.1b | AU$18.5b | AU$371.8m | 15.3x | 24.6x | 0.5x |
| Tue, 07 Feb 2023 | AU$9.4b | AU$16.9b | AU$291.1m | 18x | 32.4x | 0.6x |
| Thu, 05 Jan 2023 | AU$9.3b | AU$16.9b | AU$291.1m | 17.9x | 32.1x | 0.6x |
| Sat, 03 Dec 2022 | AU$9.7b | AU$16.9b | AU$291.1m | 17.4x | 33.5x | 0.6x |
| Mon, 31 Oct 2022 | AU$9.4b | AU$16.9b | AU$291.1m | 15.6x | 32.2x | 0.6x |
| Wed, 28 Sep 2022 | AU$9.4b | AU$16.9b | AU$291.1m | 16.1x | 32.2x | 0.6x |
| Fri, 26 Aug 2022 | AU$10.2b | AU$16.4b | AU$316.9m | 14.9x | 32.3x | 0.6x |
| Sun, 24 Jul 2022 | AU$9.8b | AU$15.3b | AU$308.9m | 17.4x | 31.6x | 0.6x |
| Tue, 21 Jun 2022 | AU$8.3b | AU$15.3b | AU$308.9m | 14.9x | 26.9x | 0.5x |
| Thu, 19 May 2022 | AU$16.5b | AU$25.2b | AU$719.2m | 16.3x | 23x | 0.7x |
| Sat, 16 Apr 2022 | AU$17.6b | AU$25.0b | AU$711.0m | 17.3x | 24.7x | 0.7x |
| Mon, 14 Mar 2022 | AU$17.2b | AU$25.4b | AU$715.2m | 17x | 24.1x | 0.7x |
| Wed, 09 Feb 2022 | AU$12.9b | AU$18.5b | -AU$977,763,900.00 | 14.5x | -13.2x | 0.7x |
| Fri, 07 Jan 2022 | AU$13.6b | AU$18.3b | -AU$983,186,946.00 | 52.5x | -13.9x | 0.7x |
| Sun, 05 Dec 2021 | AU$13.1b | AU$17.8b | -AU$995,552,946.00 | 15.6x | -13.2x | 0.7x |
| Tue, 02 Nov 2021 | AU$13.3b | AU$17.8b | -AU$994,824,323.00 | 14.6x | -13.4x | 0.7x |
| Thu, 30 Sep 2021 | AU$12.8b | AU$17.5b | -AU$894,467,323.00 | 14.8x | -14.3x | 0.7x |
| Sat, 28 Aug 2021 | AU$13.1b | AU$17.5b | -AU$894,467,323.00 | 15.7x | -14.7x | 0.7x |
| Sun, 04 Jul 2021 | AU$12.2b | AU$16.5b | -AU$919,606,323.00 | 15x | -13.3x | 0.7x |
| Wed, 07 Apr 2021 | AU$10.9b | AU$16.2b | -AU$1,013,919,382.00 | 14.5x | -10.7x | 0.7x |
| Sat, 09 Jan 2021 | AU$13.6b | AU$15.9b | -AU$1,104,788,208.00 | 18.7x | -12.4x | 0.9x |
| Fri, 02 Oct 2020 | AU$10.1b | AU$20.7b | -AU$1,046,685,042.00 | 22.2x | -9.7x | 0.5x |
Price to Earnings Ratio
-9.7x
Current Industry PE
- Investors are optimistic on the Australian Construction industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 31.6x which is higher than its 3-year average PE of 12.7x.
- The industry is trading close to its 3-year average PS ratio of 0.66x.
Past Earnings Growth
- Total earnings for the Construction industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 14% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Australian Industrials industry?
| AU Market | -1.89% | |
| Industrials | -0.58% | |
| Construction | 1.61% | |
| Construction and Engineering | 1.61% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| WOR Worley | AU$17.33 | 1.5% +AU$131.5m | 38.4% | PE246.4x | |
| VNT Ventia Services Group | AU$2.81 | 4.1% +AU$94.1m | 13.8% | PE13.8x | |
| NWH NRW Holdings | AU$2.68 | 3.1% +AU$36.1m | 14.5% | PE14.1x | |
| MND Monadelphous Group | AU$14.55 | 2.5% +AU$33.9m | 12.1% | PE26.3x | |
| DUR Duratec | AU$1.29 | 6.2% +AU$18.6m | 233.8% | PE16.6x |
