Investors Met With Slowing Returns on Capital At Dalrymple Bay Infrastructure (ASX:DBI)
Sep 17
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Australian (ASX) Infrastructure Industry Analysis
UpdatedSep 19, 2025
DataAggregated Company Financials
Companies6
- 7D-0.9%
- 3M-2.4%
- 1Y5.8%
- YTD5.9%
Over the last 7 days, the Infrastructure industry has remained flat. As for the the longer term, the industry is up 5.8% over the past 12 months. As for the next few years, earnings are expected to grow by 28% 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 |
|---|---|---|---|---|---|---|
| Fri, 19 Sep 2025 | AU$61.2b | AU$9.2b | AU$644.7m | 25.6x | 95x | 6.7x |
| Sun, 17 Aug 2025 | AU$61.5b | AU$8.8b | AU$723.7m | 28.9x | 85x | 7x |
| Tue, 15 Jul 2025 | AU$59.0b | AU$8.8b | AU$723.7m | 27.8x | 81.5x | 6.7x |
| Thu, 12 Jun 2025 | AU$61.9b | AU$8.8b | AU$723.7m | 24.3x | 85.5x | 7x |
| Sat, 10 May 2025 | AU$61.8b | AU$8.8b | AU$723.7m | 25.4x | 85.4x | 7x |
| Mon, 07 Apr 2025 | AU$58.5b | AU$8.8b | AU$723.7m | 23.2x | 80.8x | 6.6x |
| Wed, 05 Mar 2025 | AU$57.9b | AU$8.8b | AU$723.7m | 22.5x | 80x | 6.6x |
| Fri, 31 Jan 2025 | AU$57.7b | AU$8.6b | AU$931.7m | 29.8x | 61.9x | 6.7x |
| Sun, 29 Dec 2024 | AU$58.7b | AU$8.6b | AU$931.7m | 31.1x | 63x | 6.8x |
| Tue, 26 Nov 2024 | AU$56.3b | AU$8.6b | AU$931.7m | 27.5x | 60.5x | 6.6x |
| Thu, 24 Oct 2024 | AU$56.3b | AU$8.6b | AU$931.7m | 29.5x | 60.4x | 6.6x |
| Sat, 21 Sep 2024 | AU$57.6b | AU$8.6b | AU$931.7m | 30.5x | 61.8x | 6.7x |
| Mon, 19 Aug 2024 | AU$57.7b | AU$8.1b | AU$911.0m | 23.1x | 63.4x | 7.1x |
| Wed, 17 Jul 2024 | AU$55.7b | AU$8.1b | AU$794.9m | 29.7x | 70x | 6.9x |
| Fri, 14 Jun 2024 | AU$53.9b | AU$8.1b | AU$794.9m | 28.7x | 67.8x | 6.7x |
| Sun, 12 May 2024 | AU$55.4b | AU$8.1b | AU$794.9m | 29.6x | 69.7x | 6.9x |
| Tue, 09 Apr 2024 | AU$56.0b | AU$8.1b | AU$794.9m | 28.1x | 70.5x | 6.9x |
| Thu, 07 Mar 2024 | AU$56.6b | AU$8.1b | AU$794.9m | 27.5x | 71.2x | 7x |
| Sat, 03 Feb 2024 | AU$56.6b | AU$7.9b | AU$635.2m | 29.6x | 89.2x | 7.2x |
| Mon, 01 Jan 2024 | AU$57.8b | AU$7.9b | AU$635.2m | 29.9x | 91x | 7.3x |
| Wed, 29 Nov 2023 | AU$54.2b | AU$7.9b | AU$635.2m | 28.1x | 85.3x | 6.8x |
| Fri, 27 Oct 2023 | AU$50.4b | AU$7.9b | AU$635.2m | 26.3x | 79.4x | 6.4x |
| Sun, 24 Sep 2023 | AU$54.8b | AU$7.9b | AU$635.5m | 28.4x | 86.2x | 6.9x |
| Tue, 22 Aug 2023 | AU$55.6b | AU$7.7b | AU$567.7m | 28.3x | 97.9x | 7.2x |
| Thu, 20 Jul 2023 | AU$58.4b | AU$7.7b | AU$666.7m | 30.5x | 87.6x | 7.6x |
| Sat, 17 Jun 2023 | AU$59.9b | AU$7.7b | AU$666.7m | 29.9x | 89.9x | 7.8x |
| Mon, 15 May 2023 | AU$62.1b | AU$7.7b | AU$666.7m | 33x | 93.1x | 8x |
| Wed, 12 Apr 2023 | AU$60.8b | AU$7.7b | AU$666.7m | 31.2x | 91.2x | 7.9x |
| Fri, 10 Mar 2023 | AU$60.1b | AU$7.7b | AU$666.7m | 33.4x | 90.2x | 7.8x |
| Sun, 05 Feb 2023 | AU$60.6b | AU$6.6b | AU$436.5m | 55x | 138.8x | 9.2x |
| Tue, 03 Jan 2023 | AU$55.7b | AU$6.6b | AU$436.5m | 53.5x | 127.6x | 8.5x |
| Thu, 01 Dec 2022 | AU$60.3b | AU$6.6b | AU$436.5m | 53.9x | 138.1x | 9.1x |
| Sat, 29 Oct 2022 | AU$56.4b | AU$6.6b | AU$436.5m | 53.7x | 129.1x | 8.6x |
| Mon, 26 Sep 2022 | AU$51.3b | AU$6.6b | AU$436.5m | 46.4x | 117.6x | 7.8x |
Price to Earnings Ratio
117.6x
Current Industry PE
- Investors are optimistic on the Australian Infrastructure industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 95.0x which is higher than its 3-year average PE of 85.4x.
- The industry is trading close to its 3-year average PS ratio of 7.2x.
Past Earnings Growth
- The earnings for companies in the Infrastructure industry have grown 14% per year over the last three years.
- Revenues for these companies have grown 12% 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 Industrials industry?
| AU Market | -0.37% | |
| Industrials | -0.58% | |
| Infrastructure | -0.95% | |
| Marine Ports and Services | 0.46% | |
| Airport Services | 0% | 0 |
| Highways and Railtracks | -1.20% | |
Industry PE
- Investors are most optimistic about the Highways and Railtracks industry, which is trading close to its 3-year average PE ratio of 119x.
- Analysts are expecting annual earnings growth of 30.2%, which is higher than its past year's earnings decline of 29.8% 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 30.1x.
Forecasted Growth
- Analysts are most optimistic on the Highways and Railtracks industry, expecting annual earnings growth of 30% over the next 5 years.
- This is better than its past earnings decline of 30% per year.
- In contrast, the Marine Ports and Services industry is expected to see its earnings grow by 17% 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 | |
|---|---|---|---|---|---|
| ALX Atlas Arteria | AU$5.28 | 1.1% +AU$87.1m | 10.5% | PE25.6x | |
| DBI Dalrymple Bay Infrastructure | AU$4.31 | 2.6% +AU$54.5m | 33.9% | PE24.3x | |
| BWN Bhagwan Marine | AU$0.53 | 5.0% +AU$6.9m | -13.9% | PE11.6x | |
| SRH Saferoads Holdings | AU$0.10 | 4.2% +AU$174.8k | 143.9% | PS0.7x |
