Oldfields Holdings Limited (ASX:OLH) Looks Inexpensive After Falling 30% But Perhaps Not Attractive Enough
Jul 23
Australian (ASX) Machinery Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies15
- 7D-4.0%
- 3M7.9%
- 1Y45.2%
- YTD21.2%
Over the last 7 days, the Machinery industry has dropped 4.0%, driven by Silex Systems declining 7.5%. This takes the industry's 12 month performance to a gain of 45%. Looking forward, earnings are forecast to grow by 45% annually.
Industry Valuation and Performance
Has the Australian Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | AU$3.0b | AU$1.2b | -AU$8,817,274.44 | 18x | -339.3x | 2.5x |
| Sun, 23 Jun 2024 | AU$3.0b | AU$1.3b | -AU$31,740,958.52 | 17.4x | -95.3x | 2.3x |
| Tue, 21 May 2024 | AU$3.3b | AU$1.3b | -AU$31,572,251.53 | 17x | -104.2x | 2.5x |
| Thu, 18 Apr 2024 | AU$2.9b | AU$1.3b | -AU$32,782,400.90 | 20.4x | -88.4x | 2.2x |
| Sat, 16 Mar 2024 | AU$2.7b | AU$1.3b | -AU$32,185,000.60 | 18.7x | -83.7x | 2x |
| Mon, 12 Feb 2024 | AU$2.5b | AU$1.2b | -AU$19,913,007.93 | 19.3x | -127.5x | 2.2x |
| Wed, 10 Jan 2024 | AU$2.3b | AU$1.2b | -AU$26,573,993.00 | 20.8x | -87.3x | 2x |
| Fri, 08 Dec 2023 | AU$2.1b | AU$1.2b | -AU$26,682,716.00 | 20.7x | -77x | 1.7x |
| Sun, 05 Nov 2023 | AU$2.0b | AU$1.2b | -AU$26,669,916.00 | 18.5x | -76.7x | 1.7x |
| Tue, 03 Oct 2023 | AU$2.0b | AU$1.2b | -AU$26,260,239.00 | 19.1x | -75.4x | 1.7x |
| Thu, 31 Aug 2023 | AU$2.0b | AU$1.2b | -AU$34,388,363.00 | 21.4x | -57.5x | 1.7x |
| Sat, 29 Jul 2023 | AU$2.1b | AU$1.1b | -AU$26,173,941.00 | 21.7x | -78.5x | 1.9x |
| Mon, 26 Jun 2023 | AU$1.1b | AU$1.1b | -AU$14,655,790.00 | 20.4x | -77.3x | 1x |
| Wed, 24 May 2023 | AU$1.2b | AU$1.1b | -AU$14,797,548.00 | 21.4x | -79.3x | 1.1x |
| Fri, 21 Apr 2023 | AU$1.3b | AU$1.1b | -AU$14,728,558.00 | 22.3x | -86.9x | 1.2x |
| Sun, 19 Mar 2023 | AU$1.2b | AU$1.1b | -AU$14,720,255.00 | 21.5x | -84.1x | 1.1x |
| Tue, 14 Feb 2023 | AU$1.4b | AU$1.1b | -AU$17,027,968.00 | 22x | -80.5x | 1.2x |
| Thu, 12 Jan 2023 | AU$1.3b | AU$1.1b | -AU$14,648,609.00 | 21.1x | -87.4x | 1.1x |
| Sat, 10 Dec 2022 | AU$1.3b | AU$1.1b | -AU$14,957,867.00 | 21.8x | -84x | 1.1x |
| Mon, 07 Nov 2022 | AU$1.3b | AU$1.2b | -AU$15,712,631.00 | 21.4x | -81.9x | 1.1x |
| Wed, 05 Oct 2022 | AU$1.2b | AU$1.1b | -AU$15,309,514.00 | 22x | -80.8x | 1.1x |
| Fri, 02 Sep 2022 | AU$1.3b | AU$1.1b | -AU$13,309,799.00 | 22.7x | -97.4x | 1.1x |
| Sun, 31 Jul 2022 | AU$1.5b | AU$1.0b | -AU$14,374,640.00 | 19.9x | -102.9x | 1.5x |
| Tue, 28 Jun 2022 | AU$1.3b | AU$998.3m | -AU$28,823,186.00 | 18.7x | -43.8x | 1.3x |
| Thu, 26 May 2022 | AU$1.5b | AU$1.0b | -AU$29,257,113.00 | 19.9x | -53x | 1.5x |
| Sat, 23 Apr 2022 | AU$1.7b | AU$997.7m | -AU$28,324,245.00 | 21.6x | -59.7x | 1.7x |
| Mon, 21 Mar 2022 | AU$1.9b | AU$997.6m | -AU$14,972,176.00 | 24x | -124x | 1.9x |
| Wed, 16 Feb 2022 | AU$1.9b | AU$983.4m | -AU$25,807,291.00 | 22x | -74.8x | 2x |
| Fri, 14 Jan 2022 | AU$2.0b | AU$950.5m | -AU$28,694,126.00 | 23x | -68.4x | 2.1x |
| Sun, 12 Dec 2021 | AU$2.1b | AU$952.3m | -AU$29,059,131.00 | 22.6x | -73.1x | 2.2x |
| Tue, 09 Nov 2021 | AU$2.4b | AU$946.6m | -AU$28,226,589.00 | 27.1x | -85.8x | 2.6x |
| Thu, 07 Oct 2021 | AU$2.6b | AU$961.1m | -AU$28,456,142.00 | 25.2x | -89.9x | 2.7x |
| Sat, 04 Sep 2021 | AU$1.4b | AU$952.5m | -AU$18,848,068.24 | 21.3x | -75.9x | 1.5x |
| Mon, 02 Aug 2021 | AU$1.4b | AU$952.5m | -AU$18,848,068.24 | 19.9x | -73.7x | 1.5x |
Price to Earnings Ratio
-73.7x
Current Industry PE
- Investors are optimistic on the Australian Machinery industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 2.5x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have improved over the last three years.
- Revenues for these companies have grown 8.6% per year.
- This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.
Industry Trends
Which industries have driven the changes within the Australian Industrials industry?
| AU Market | -2.20% | |
| Industrials | -0.32% | |
| Machinery | -4.03% | |
| Agricultural Machinery | 0% | |
| Construction Machinery and Vehicles | -2.82% | |
| Industrial Machinery | -4.45% | |
Industry PE
- Investors are most optimistic about the Construction Machinery and Vehicles industry which is trading above its 3-year average PE ratio of 99x.
- Analysts are expecting annual earnings growth of 23.5%, which is lower than the prior year's growth of 41.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 52% over the next 5 years.
- This is better than its past earnings growth rate of 40% per year.
- In contrast, the Construction Machinery and Vehicles industry is expected to see its earnings grow by 24% 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 | |
|---|---|---|---|---|---|
| ANG Austin Engineering | AU$0.65 | 4.0% +AU$14.7m | 136.4% | PE18.2x | |
| FBR FBR | AU$0.046 | 2.2% +AU$4.4m | 130.0% | PS120.7x | |
| VEE VEEM | AU$1.83 | 1.7% +AU$4.1m | 329.4% | PE42.8x | |
| EGL Environmental Group | AU$0.35 | 2.9% +AU$3.7m | 62.8% | PE39.9x | |
| XRF XRF Scientific | AU$1.54 | 1.3% +AU$2.8m | 14.1% | PE25.2x |
