Oldfields Holdings Limited's (ASX:OLH) Low P/S No Reason For Excitement
Nov 05
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Australian (ASX) Machinery Industry Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies15
- 7D-9.0%
- 3M3.0%
- 1Y16.2%
- YTD12.4%
Over the last 7 days, the Machinery industry has dropped 8.0%, driven by Silex Systems declining 17%. Meanwhile, Environmental Group actually outperformed within the industry, gaining 11% in the last week. In the past year, the industry has gained 21%. Earnings are forecast to grow by 34% 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 |
|---|---|---|---|---|---|---|
| Sat, 21 Dec 2024 | AU$2.8b | AU$1.4b | AU$9.8m | 18x | 288.5x | 2x |
| Mon, 18 Nov 2024 | AU$3.0b | AU$1.4b | AU$9.6m | 19.4x | 316.5x | 2.2x |
| Wed, 16 Oct 2024 | AU$3.0b | AU$1.4b | AU$9.5m | 18x | 316.3x | 2.1x |
| Fri, 13 Sep 2024 | AU$2.7b | AU$1.3b | AU$6.0m | 17.5x | 442.3x | 2x |
| Sun, 11 Aug 2024 | AU$2.8b | AU$1.2b | -AU$10,229,945.96 | 17.7x | -274.2x | 2.3x |
| Tue, 09 Jul 2024 | AU$3.1b | AU$1.2b | -AU$8,566,927.63 | 18.1x | -356.2x | 2.5x |
| Thu, 06 Jun 2024 | AU$3.1b | AU$1.3b | -AU$31,768,544.69 | 17.6x | -97.1x | 2.3x |
| Sat, 04 May 2024 | AU$3.2b | AU$1.3b | -AU$32,035,101.44 | 19.4x | -98.5x | 2.4x |
| Mon, 01 Apr 2024 | AU$2.9b | AU$1.3b | -AU$32,348,788.86 | 20.2x | -90.6x | 2.2x |
| Wed, 28 Feb 2024 | AU$2.4b | AU$1.2b | -AU$16,597,181.18 | 19.2x | -146.9x | 2x |
| Fri, 26 Jan 2024 | AU$2.6b | AU$1.2b | -AU$25,446,666.00 | 19.8x | -101.5x | 2.2x |
| Sun, 24 Dec 2023 | AU$2.3b | AU$1.2b | -AU$26,461,102.00 | 20.6x | -88.3x | 2x |
| Tue, 21 Nov 2023 | AU$2.0b | AU$1.2b | -AU$26,702,520.00 | 19.7x | -74.7x | 1.7x |
| Thu, 19 Oct 2023 | AU$1.9b | AU$1.2b | -AU$26,350,373.00 | 18.8x | -73.1x | 1.6x |
| Sat, 16 Sep 2023 | AU$2.1b | AU$1.2b | -AU$26,275,907.00 | 20.2x | -79.2x | 1.8x |
| Mon, 14 Aug 2023 | AU$2.0b | AU$1.1b | -AU$26,350,127.00 | 23.5x | -75.5x | 1.8x |
| Wed, 12 Jul 2023 | AU$2.0b | AU$1.1b | -AU$28,514,085.00 | 20.5x | -71x | 1.8x |
| Fri, 09 Jun 2023 | AU$1.2b | AU$1.1b | -AU$14,682,183.00 | 21.1x | -78.4x | 1.1x |
| Sun, 07 May 2023 | AU$1.2b | AU$1.1b | -AU$14,768,445.00 | 22.1x | -82.3x | 1.1x |
| Tue, 04 Apr 2023 | AU$1.2b | AU$1.1b | -AU$14,827,998.00 | 21.2x | -83x | 1.1x |
| Thu, 02 Mar 2023 | AU$1.2b | AU$1.1b | -AU$14,229,406.00 | 24.4x | -87.4x | 1.1x |
| Sat, 28 Jan 2023 | AU$1.4b | AU$1.1b | -AU$16,615,519.00 | 22.6x | -81.8x | 1.2x |
| Mon, 26 Dec 2022 | AU$1.3b | AU$1.1b | -AU$15,098,332.00 | 22.2x | -84.2x | 1.1x |
| Wed, 23 Nov 2022 | AU$1.3b | AU$1.1b | -AU$15,351,077.00 | 22.9x | -82x | 1.1x |
| Fri, 21 Oct 2022 | AU$1.3b | AU$1.2b | -AU$16,232,316.00 | 22.9x | -79.4x | 1.1x |
| Sun, 18 Sep 2022 | AU$1.3b | AU$1.1b | -AU$14,811,712.00 | 23.2x | -89.4x | 1.2x |
| Tue, 16 Aug 2022 | AU$1.3b | AU$1.0b | -AU$16,673,763.00 | 19.5x | -76.4x | 1.3x |
| Thu, 14 Jul 2022 | AU$1.3b | AU$1.0b | -AU$16,017,130.00 | 19.1x | -82.8x | 1.3x |
| Sat, 11 Jun 2022 | AU$1.4b | AU$993.4m | -AU$28,310,099.00 | 21.1x | -48.3x | 1.4x |
| Mon, 09 May 2022 | AU$1.6b | AU$1.0b | -AU$29,060,662.00 | 20.7x | -54.8x | 1.6x |
| Wed, 06 Apr 2022 | AU$1.9b | AU$993.3m | -AU$27,829,903.00 | 23.2x | -66.8x | 1.9x |
| Fri, 04 Mar 2022 | AU$1.9b | AU$1.0b | -AU$19,968,817.00 | 22.4x | -96.5x | 1.9x |
| Sun, 30 Jan 2022 | AU$1.8b | AU$973.9m | -AU$25,339,743.00 | 21.5x | -72x | 1.9x |
| Tue, 28 Dec 2021 | AU$2.1b | AU$951.3m | -AU$28,879,286.00 | 22.8x | -71.9x | 2.2x |
Price to Earnings Ratio
-71.9x
Current Industry PE
- Investors are optimistic on the Australian Machinery industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 295x which is higher than its 3-year average PE of -52.1x.
- The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
- Total earnings for the Machinery 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 | -2.74% | |
| Industrials | 0.31% | |
| Machinery | -9.02% | |
| Agricultural Machinery | 0% | |
| Construction Machinery and Vehicles | -2.97% | |
| Industrial Machinery | -10.92% | |
Industry PE
- Investors are most optimistic about the Construction Machinery and Vehicles industry which is trading above its 3-year average PE ratio of 15.0x.
- Analysts are expecting annual earnings growth of 9.1%, which is higher than its past year's earnings decline of 22.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 41% over the next 5 years.
- This is better than its past earnings growth rate of 16% per year.
- In contrast, 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| EGL Environmental Group | AU$0.32 | 10.5% +AU$11.4m | 34.0% | PE27.3x | |
| XRF XRF Scientific | AU$1.80 | 1.1% +AU$2.8m | 57.9% | PE28.5x | |
| MXI MaxiPARTS | AU$1.80 | 2.9% +AU$2.8m | -33.3% | PE17.8x | |
| OLH Oldfields Holdings | AU$0.067 | 11.7% +AU$1.5m | 21.8% | PS0.5x | |
| KOV Korvest | AU$10.25 | 0.5% +AU$587.6k | 27.6% | PE10.9x |