Narrative Update • Jun 12
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Australian (ASX) Machinery Industry Analysis
UpdatedJun 13, 2026
DataAggregated Company Financials
Companies16
- 7D-9.0%
- 3M-8.1%
- 1Y16.2%
- YTD-29.2%
Over the last 7 days, the Machinery industry has dropped 8.9%, driven by a pullback from Silex Systems of 15%. Meanwhile, VEEM actually outperformed within the industry, gaining 31% in the last week. This takes the industry's 12 month performance to a gain of 15%. Looking forward, earnings are forecast to grow by 62% 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, 13 Jun 2026 | AU$3.4b | AU$1.6b | -AU$89,280,734.10 | 12x | -38.2x | 2.1x |
| Mon, 11 May 2026 | AU$3.9b | AU$1.6b | -AU$89,648,147.03 | 12.9x | -43.4x | 2.4x |
| Wed, 08 Apr 2026 | AU$3.6b | AU$1.6b | -AU$89,065,064.08 | 12.1x | -40.1x | 2.2x |
| Fri, 06 Mar 2026 | AU$4.0b | AU$1.6b | -AU$89,245,261.02 | 13.1x | -44.5x | 2.5x |
| Sun, 01 Feb 2026 | AU$4.4b | AU$1.6b | -AU$54,481,362.56 | 16.2x | -80.8x | 2.7x |
| Tue, 30 Dec 2025 | AU$4.6b | AU$1.6b | -AU$62,672,314.07 | 16.5x | -73.9x | 2.8x |
| Thu, 27 Nov 2025 | AU$4.6b | AU$1.6b | -AU$62,404,134.04 | 16.3x | -73.6x | 2.8x |
| Sat, 25 Oct 2025 | AU$4.3b | AU$1.3b | -AU$70,025,725.04 | 15.5x | -60.8x | 3.2x |
| Mon, 22 Sep 2025 | AU$3.5b | AU$1.3b | -AU$16,098,203.19 | 15.4x | -215.1x | 2.6x |
| Wed, 20 Aug 2025 | AU$2.8b | AU$1.3b | -AU$8,343,066.72 | 21.1x | -341.2x | 2.2x |
| Fri, 18 Jul 2025 | AU$2.7b | AU$1.3b | -AU$7,713,819.20 | 18.1x | -355.3x | 2.1x |
| Sun, 15 Jun 2025 | AU$2.3b | AU$1.5b | -AU$2,882,781.70 | 18.6x | -799.2x | 1.5x |
| Tue, 13 May 2025 | AU$2.2b | AU$1.5b | -AU$2,875,186.17 | 18.2x | -775.1x | 1.5x |
| Thu, 10 Apr 2025 | AU$2.1b | AU$1.5b | -AU$2,488,348.60 | 17.2x | -825.6x | 1.4x |
| Sat, 08 Mar 2025 | AU$2.5b | AU$1.5b | -AU$2,997,066.12 | 17.1x | -832x | 1.7x |
| Mon, 03 Feb 2025 | AU$3.3b | AU$1.4b | AU$8.2m | 18.7x | 402.3x | 2.3x |
| Wed, 01 Jan 2025 | AU$3.0b | AU$1.4b | AU$9.8m | 18.6x | 304.6x | 2.1x |
| Fri, 29 Nov 2024 | AU$3.2b | AU$1.4b | AU$9.6m | 18.7x | 329.1x | 2.2x |
| Sun, 27 Oct 2024 | AU$3.1b | AU$1.4b | AU$9.6m | 19.7x | 325x | 2.2x |
| Tue, 24 Sep 2024 | AU$2.7b | AU$1.3b | AU$6.0m | 17.5x | 454.4x | 2.1x |
| Thu, 22 Aug 2024 | AU$2.8b | AU$1.2b | -AU$9,677,722.64 | 18.3x | -291.2x | 2.3x |
| Sat, 20 Jul 2024 | AU$3.1b | AU$1.2b | -AU$8,642,631.34 | 17.9x | -357.6x | 2.5x |
| Mon, 17 Jun 2024 | AU$3.0b | AU$1.3b | -AU$31,880,361.54 | 17.3x | -94.6x | 2.3x |
| Wed, 15 May 2024 | AU$3.2b | AU$1.3b | -AU$31,896,154.63 | 17.4x | -100.9x | 2.4x |
| Fri, 12 Apr 2024 | AU$2.9b | AU$1.3b | -AU$32,312,841.82 | 20.4x | -91x | 2.2x |
| Sun, 10 Mar 2024 | AU$2.8b | AU$1.3b | -AU$31,971,569.83 | 19x | -86.5x | 2.1x |
| Tue, 06 Feb 2024 | AU$2.5b | AU$1.2b | -AU$19,947,778.27 | 18.7x | -125.5x | 2.1x |
| Thu, 04 Jan 2024 | AU$2.4b | AU$1.2b | -AU$26,498,151.00 | 20.8x | -89.5x | 2x |
| Sat, 02 Dec 2023 | AU$2.0b | AU$1.2b | -AU$26,631,047.00 | 21.4x | -76.9x | 1.7x |
| Mon, 30 Oct 2023 | AU$2.0b | AU$1.2b | -AU$26,815,353.00 | 18.4x | -72.8x | 1.6x |
| Wed, 27 Sep 2023 | AU$2.0b | AU$1.2b | -AU$26,287,456.00 | 19.3x | -77x | 1.7x |
| Fri, 25 Aug 2023 | AU$2.0b | AU$1.1b | -AU$27,624,917.00 | 22x | -72.3x | 1.8x |
| Sun, 23 Jul 2023 | AU$2.0b | AU$1.1b | -AU$28,501,131.00 | 21.9x | -70.5x | 1.8x |
| Tue, 20 Jun 2023 | AU$1.1b | AU$1.1b | -AU$14,475,946.00 | 21.1x | -79.3x | 1.1x |
Price to Earnings Ratio
-79.3x
Current Industry PE
- Investors are relatively neutral on the Australian Machinery industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have deteriorated over the last three years.
- Meanwhile revenues for these companies have grown 14% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has caused losses to expand.
Industry Trends
Which industries have driven the changes within the Australian Industrials industry?
| AU Market | 1.68% | |
| Industrials | 2.73% | |
| Machinery | -9.04% | |
| Agricultural Machinery | 0% | 0 |
| Construction Machinery and Vehicles | -3.27% | |
| Industrial Machinery | -9.51% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 66% over the next 5 years.
- This is better than its past earnings growth rate of 34% per year.
- In contrast, the Construction Machinery and Vehicles industry is expected to see its earnings grow by 25% 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 | |
|---|---|---|---|---|---|
| VEE VEEM | AU$0.59 | 31.1% +AU$20.5m | -24.4% | PS1.5x | |
| AIH Advanced Innergy Holdings | AU$0.80 | 1.9% +AU$6.3m | n/a | PE16.8x | |
| ZGL Zicom Group | AU$0.13 | 8.7% +AU$2.2m | 52.4% | PE3.2x | |
| AAL Alfabs Australia | AU$0.26 | 2.0% +AU$1.4m | -25.0% | PE9.4x |