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Australian (ASX) Machinery Industry Analysis

UpdatedNov 28, 2021
DataAggregated Company Financials
Companies19
  • 7D-3.3%
  • 3M-22.2%
  • 1Y28.7%
  • YTD31.7%

Over the last 7 days, the Machinery industry has dropped 3.3%, driven by a pullback from PPK Group of 5.9%. Meanwhile, VEEM actually outperformed within the industry, gaining 5.5% in the last week. This takes the industry's 12 month performance to a gain of 29%.

Industry Valuation and Performance

Has the Australian Machinery Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPE
Sun, 28 Nov 2021AU$2.2bAU$953.3m-AU$29,251,615.0025x
Tue, 26 Oct 2021AU$2.6bAU$956.4m-AU$27,751,553.0031.5x
Thu, 23 Sep 2021AU$3.0bAU$760.3m-AU$31,225,810.0026.6x
Sat, 21 Aug 2021AU$1.4bAU$952.5m-AU$18,848,068.2419.6x
Sat, 05 Jun 2021AU$1.3bAU$984.2mAU$1.9m12.2x
Tue, 09 Mar 2021AU$1.7bAU$1.3b-AU$5,968,297.5813.4x
Mon, 30 Nov 2020AU$1.7bAU$1.3b-AU$50,534,932.9215.5x
Thu, 03 Sep 2020AU$1.3bAU$987.3m-AU$36,189,571.3812.9x
Sun, 07 Jun 2020AU$1.1bAU$1.1b-AU$71,313,804.0714.5x
Sat, 29 Feb 2020AU$1.2bAU$1.1b-AU$108,114,867.7013.3x
Tue, 03 Dec 2019AU$1.5bAU$1.2b-AU$85,181,565.4113.6x
Fri, 06 Sep 2019AU$1.1bAU$1.2b-AU$57,670,585.5416.6x
Mon, 10 Jun 2019AU$1.1bAU$1.2b-AU$68,185,787.8115.7x
Sun, 03 Mar 2019AU$996.0mAU$1.3b-AU$83,764,460.9215x
Wed, 05 Dec 2018AU$1.1bAU$1.2b-AU$83,858,072.4912.5x
PE Ratio

12.5x

Total Market Cap: AU$1.1bTotal Earnings: -AU$83,858,072.49Total Revenue: AU$1.2b0%0%0%3 Year10 Year
201920202021

Current Industry PE: Investors are more optimistic on the industry, considering it's trading at a PE ratio of 25.0x which is higher than its 3-year average PE of 16.0x. It appears they are confident that earnings will grow faster in the future than they have historically.

Past Earnings Growth: The earnings for companies in the Machinery industry have improved over the last three years, while revenues for these companies have declined 8.3% per year. This means that less sales are being generated overall, but since the cost of doing business is lower, losses have been shrinking.

Industry Trends

Which industries have driven the changes within the Australian Machinery industry?

Agricultural Machinery-0.72%
Industrial Machinery-0.93%
Construction Machinery and Vehicles-4.38%

Industry PE: Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 15.6x. However analysts expect its future annual earnings growth (60%) to be largely in line with prior year's earnings growth, so the market might believe analysts are underestimating its future growth since investors are willing to pay a bigger premium today. Meanwhile, investors are most pessimistic about the Construction Machinery and Vehicles industry, which is trading below its 3-year average of 60.1x.

Forecasted Growth: Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 60% over the next 5 years. This is roughly in line with its past earnings growth rate. Meanwhile, the Construction Machinery and Vehicles industry is expected to see its earnings grow by 9.1% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company7D1YValuation
VEE VEEM5.5%+AU$6.8m40.1%PE26.5x
MXI MaxiPARTS3.4%+AU$4.4m118.8%PE23.5x
EGL Environmental Group8.6%+AU$4.2m493.8%PE34x
3DA Amaero International1.5%+AU$1.0m-52.9%PS133.1x
AL3 AML3D3.1%+AU$752.3k-64.9%PS38.6x
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AL3

AU$0.17

AML3D

7D

3.1%

1Y

-64.9%

MXI

AU$3.61

MaxiPARTS

7D

3.4%

1Y

118.8%

VEE

AU$0.96

VEEM

7D

5.5%

1Y

40.1%

PPK

AU$11.10

PPK Group

7D

-5.9%

1Y

98.2%