Traffic Technologies Limited's (ASX:TTI) CEO Compensation Is Looking A Bit Stretched At The Moment
Nov 22
Australian (ASX) Infrastructure Industry Analysis
UpdatedDec 04, 2023
DataAggregated Company Financials
Companies6
- 7D0.7%
- 3M-3.1%
- 1Y-8.9%
- YTD-0.8%
Over the last 7 days, the Infrastructure industry has remained flat. As for the longer term, the industry has declined 8.9% in the last year. As for the next few years, earnings are expected to grow by 26% per annum.
Industry Valuation and Performance
Has the Australian Infrastructure Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 04 Dec 2023 | AU$54.7b | AU$7.9b | AU$635.2m | 28.1x | 86.1x | 6.9x |
| Wed, 01 Nov 2023 | AU$50.3b | AU$7.9b | AU$635.2m | 25.9x | 79.1x | 6.3x |
| Fri, 29 Sep 2023 | AU$53.8b | AU$7.9b | AU$635.5m | 28.5x | 84.7x | 6.8x |
| Sun, 27 Aug 2023 | AU$55.9b | AU$7.9b | AU$568.3m | 30.3x | 98.3x | 7.1x |
| Tue, 25 Jul 2023 | AU$58.9b | AU$7.7b | AU$666.7m | 30.3x | 88.4x | 7.6x |
| Thu, 22 Jun 2023 | AU$60.0b | AU$7.7b | AU$666.7m | 30.3x | 90x | 7.8x |
| Sat, 20 May 2023 | AU$61.3b | AU$7.7b | AU$666.7m | 32.8x | 91.9x | 7.9x |
| Mon, 17 Apr 2023 | AU$61.2b | AU$7.7b | AU$666.7m | 31.7x | 91.8x | 7.9x |
| Wed, 15 Mar 2023 | AU$60.0b | AU$7.7b | AU$666.7m | 31.5x | 90x | 7.8x |
| Fri, 10 Feb 2023 | AU$59.6b | AU$7.3b | AU$580.5m | 54.6x | 102.7x | 8.1x |
| Sun, 08 Jan 2023 | AU$56.1b | AU$6.6b | AU$436.5m | 54.4x | 128.6x | 8.5x |
| Tue, 06 Dec 2022 | AU$59.0b | AU$6.6b | AU$436.5m | 55.5x | 135.3x | 9x |
| Thu, 03 Nov 2022 | AU$57.0b | AU$6.6b | AU$436.5m | 53.9x | 130.6x | 8.7x |
| Sat, 01 Oct 2022 | AU$51.8b | AU$6.6b | AU$436.5m | 45.3x | 118.8x | 7.9x |
| Mon, 29 Aug 2022 | AU$56.5b | AU$6.6b | AU$462.6m | 40x | 122.2x | 8.6x |
| Wed, 27 Jul 2022 | AU$56.9b | AU$5.6b | AU$215.7m | 25.1x | 264x | 10.1x |
| Fri, 24 Jun 2022 | AU$56.8b | AU$5.6b | AU$215.7m | 24.6x | 263.1x | 10.1x |
| Sun, 22 May 2022 | AU$57.0b | AU$5.6b | AU$215.7m | 22.4x | 264.1x | 10.1x |
| Tue, 19 Apr 2022 | AU$55.2b | AU$5.6b | AU$215.7m | 21.6x | 255.8x | 9.8x |
| Thu, 17 Mar 2022 | AU$76.6b | AU$6.3b | AU$13.2m | 21.6x | 5792.6x | 12.2x |
| Sat, 12 Feb 2022 | AU$76.0b | AU$5.9b | -AU$1,635,445,827.00 | 40.2x | -46.5x | 12.8x |
| Mon, 10 Jan 2022 | AU$78.3b | AU$5.9b | -AU$1,635,445,827.00 | 41.1x | -47.9x | 13.2x |
| Wed, 08 Dec 2021 | AU$78.7b | AU$5.9b | -AU$1,635,445,827.00 | 39x | -48.1x | 13.3x |
| Fri, 05 Nov 2021 | AU$77.7b | AU$5.9b | -AU$1,635,445,827.00 | 37.3x | -47.5x | 13.1x |
| Sun, 03 Oct 2021 | AU$80.7b | AU$5.9b | -AU$1,635,445,827.00 | 38.5x | -49.4x | 13.6x |
| Tue, 31 Aug 2021 | AU$74.3b | AU$5.9b | -AU$1,635,445,827.00 | 41.6x | -45.4x | 12.5x |
| Wed, 07 Jul 2021 | AU$67.8b | AU$5.9b | -AU$1,635,445,827.00 | 38.6x | -41.5x | 11.5x |
| Sat, 10 Apr 2021 | AU$65.7b | AU$5.9b | -AU$1,802,980,008.00 | 80.2x | -36.4x | 11.2x |
| Fri, 01 Jan 2021 | AU$67.6b | AU$6.3b | -AU$2,020,070,189.00 | 34.5x | -33.5x | 10.8x |
Price to Earnings Ratio
-243.5x
Current Industry PE
- Investors are pessimistic on the Australian Infrastructure 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 86.1x which is lower than its 3-year average PE of 248x.
- The 3-year average PS ratio of 9.9x is higher than the industry's current PS ratio of 6.9x.
Past Earnings Growth
- Total earnings for the Infrastructure industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 6.8% 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 | 0.46% | |
| Industrials | 0.87% | |
| Infrastructure | 0.70% | |
| Highways and Railtracks | 0.81% | |
| Airport Services | 0% | |
| Marine Ports and Services | -0.12% | |
Industry PE
- Investors are most optimistic about the Highways and Railtracks industry which is trading above its 3-year average PE ratio of 24.9x.
- Analysts are expecting annual earnings growth of 28.2%, which is lower than the prior year's growth of 127.4% per year.
- Investors are most pessimistic about the Marine Ports and Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 21.0x.
Forecasted Growth
- Analysts are most optimistic on the Highways and Railtracks industry, expecting annual earnings growth of 28% over the next 5 years.
- However this is lower than its past earnings growth rate of 127% per year.
- In contrast, the Marine Ports and Services industry is expected to see its earnings grow by 9.5% 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 | |
|---|---|---|---|---|---|
| TCL Transurban Group | AU$12.97 | 1.6% +AU$648.5m | -7.2% | PE625.9x | |
| QUB Qube Holdings | AU$2.96 | 1.0% +AU$53.0m | 6.1% | PE29.7x | |
| DBI Dalrymple Bay Infrastructure | AU$2.75 | 1.1% +AU$14.9m | 9.1% | PE14.2x | |
| TTI Traffic Technologies | AU$0.011 | 22.2% +AU$1.5m | -35.3% | PS0.1x |