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Australian (ASX) Machinery Industry Analysis

UpdatedJul 01, 2026
DataAggregated Company Financials
Companies16
  • 7D-4.2%
  • 3M-8.8%
  • 1Y-1.9%
  • YTD-31.1%

Over the last 7 days, the Machinery industry has dropped 4.2%, driven by Korvest declining 14%. Meanwhile, Amaero actually outperformed within the industry, gaining 11% in the last week. Over the last year, the industry has been flat overall. As for the next few years, earnings are expected to grow by 63% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Jul 2026AU$3.3bAU$1.6b-AU$88,961,202.9311.9x-37.3x2.1x
Fri, 29 May 2026AU$3.8bAU$1.6b-AU$89,575,153.2412.1x-42x2.3x
Sun, 26 Apr 2026AU$4.0bAU$1.6b-AU$89,480,920.0812.7x-45.2x2.5x
Tue, 24 Mar 2026AU$3.4bAU$1.6b-AU$89,137,025.3612.7x-38x2.1x
Thu, 19 Feb 2026AU$4.2bAU$1.6b-AU$59,406,216.3315.3x-71.1x2.6x
Sat, 17 Jan 2026AU$4.3bAU$1.6b-AU$55,234,681.2416.3x-77.2x2.6x
Mon, 15 Dec 2025AU$4.5bAU$1.6b-AU$62,686,973.5117x-71.9x2.8x
Wed, 12 Nov 2025AU$4.6bAU$1.6b-AU$56,378,241.5615.4x-81.5x2.8x
Fri, 10 Oct 2025AU$3.7bAU$1.3b-AU$70,124,168.8415.3x-53.1x2.8x
Sun, 07 Sep 2025AU$2.9bAU$1.3b-AU$16,037,593.5516.6x-180.3x2.2x
Tue, 05 Aug 2025AU$2.8bAU$1.3b-AU$4,016,205.4821.7x-688.9x2.1x
Thu, 03 Jul 2025AU$2.7bAU$1.5b-AU$2,948,274.0719.1x-901.6x1.8x
Sat, 31 May 2025AU$2.4bAU$1.5b-AU$2,843,392.0818.7x-829.7x1.6x
Mon, 28 Apr 2025AU$2.2bAU$1.5b-AU$3,036,312.4017.3x-708.5x1.4x
Wed, 26 Mar 2025AU$2.6bAU$1.5b-AU$3,105,468.0717.7x-825.9x1.7x
Fri, 21 Feb 2025AU$2.8bAU$1.4bAU$8.7m17.1x328.4x2x
Sun, 19 Jan 2025AU$3.2bAU$1.4bAU$9.8m19x330.2x2.3x
Tue, 17 Dec 2024AU$3.0bAU$1.4bAU$9.7m17.8x306.7x2.1x
Thu, 14 Nov 2024AU$3.1bAU$1.4bAU$9.6m19.3x324.2x2.2x
Sat, 12 Oct 2024AU$2.9bAU$1.4bAU$9.5m18.3x309.6x2.1x
Mon, 09 Sep 2024AU$2.6bAU$1.3bAU$6.1m18.4x426.3x2x
Wed, 07 Aug 2024AU$2.8bAU$1.2b-AU$10,304,475.5617.5x-273x2.3x
Fri, 05 Jul 2024AU$3.0bAU$1.2b-AU$8,573,774.7118.2x-347.6x2.5x
Sun, 02 Jun 2024AU$3.2bAU$1.3b-AU$31,716,124.3517.1x-99.4x2.4x
Tue, 30 Apr 2024AU$3.0bAU$1.3b-AU$32,081,577.9419.4x-93.4x2.3x
Thu, 28 Mar 2024AU$2.8bAU$1.3b-AU$32,346,720.0519.9x-87.4x2.1x
Sat, 24 Feb 2024AU$2.5bAU$1.2b-AU$16,523,983.0819.5x-149.4x2x
Mon, 22 Jan 2024AU$2.5bAU$1.2b-AU$26,633,538.0019.7x-95.1x2.1x
Wed, 20 Dec 2023AU$2.3bAU$1.2b-AU$26,479,329.0021.3x-88.3x2x
Fri, 17 Nov 2023AU$2.0bAU$1.2b-AU$26,740,981.0019.7x-75.7x1.7x
Sun, 15 Oct 2023AU$2.0bAU$1.2b-AU$26,441,404.0019x-75x1.7x
Tue, 12 Sep 2023AU$2.0bAU$1.2b-AU$26,302,145.0020.4x-76.5x1.7x
Thu, 10 Aug 2023AU$2.0bAU$1.1b-AU$26,336,417.0023.5x-75.2x1.8x
Sat, 08 Jul 2023AU$2.0bAU$1.1b-AU$28,441,990.0020.7x-69.6x1.8x
Price to Earnings Ratio

-69.6x


Total Market Cap: AU$2.0bTotal Earnings: -AU$28,441,990.00Total Revenue: AU$1.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Machinery Industry Price to Earnings3Y Average -127.2x202420252026
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 2.2x.
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 Market0.033%
Industrials0.47%
Machinery-4.22%
Construction Machinery and Vehicles4.78%
Agricultural Machinery0%0
Industrial Machinery-4.97%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 67% 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 23% per year over the next few years.

    Top Stock Gainers and Losers

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

    CompanyLast Price7D1YValuation
    		3DA AmaeroAU$0.2911.3%
    +AU$28.6m    		-27.2%PS28.4x
    		SLX Silex SystemsAU$5.711.8%
    +AU$27.8m    		32.5%PS84.3x
    		AAL Alfabs AustraliaAU$0.3110.7%
    +AU$8.6m    		-16.2%PE11.5x
    		LBL LaserBondAU$0.5512.2%
    +AU$7.1m    		48.6%PE12.9x
    		AL3 AML3DAU$0.143.7%
    +AU$2.8m    		-33.3%PS13x

    Latest News

    SLX
    AU$5.71
    Silex Systems
    7D
    1.8%
    1Y
    32.5%
    AL3
    AU$0.14
    AML3D
    7D
    3.7%
    1Y
    -33.3%
    Analysis Article • Jun 26

    AML3D (ASX:AL3) Is In A Strong Position To Grow Its Business

    Just because a business does not make any money, does not mean that the stock will go down. For example, although...
    ANG
    AU$0.14
    Austin Engineering
    7D
    -1.7%
    1Y
    -56.2%
    Narrative Update • Jun 26

    ANG: Higher Discount Rate And P/E Assumptions Will Support Future Upside

    Analysts have reduced their price target on Austin Engineering to A$0.35 from A$0.40, citing updated assumptions for a higher discount rate, softer revenue growth, slightly lower profit margins and a higher future P/E multiple. What’s in the News for Austin Engineering Austin Engineering issued updated earnings guidance for the fiscal year ending June 30, 2026, revising revenue guidance to about $325 million, source: company guidance.
    VEE
    AU$0.52
    VEEM
    7D
    -7.1%
    1Y
    -42.2%
    Narrative Update • Jun 26

    VEE: Higher Projected Margins And P/E Will Support Future Upside

    Analysts have adjusted their fair value estimate for VEEM from A$1.15 to A$0.88, reflecting updated assumptions on discount rate, revenue growth, profit margin, and future P/E multiples in their price target models. What's in the News for VEEM No recent company specific news items for VEEM are available from the provided primary news sources.
    3DA
    AU$0.29
    Amaero
    7D
    11.3%
    1Y
    -27.2%
    Narrative Update • Jun 26

    3DA: Capital Investment Completion Will Support Upcoming US Listing Plans

    Analysts have trimmed their price expectations for Amaero, with the updated A$0.83 fair value compared with the prior A$0.98, reflecting revisions to growth, margin and future P/E assumptions in their models. What’s in the News for Amaero Amaero completed its 3 year, A$72 million capital investment plan on schedule and on budget, expanding its U.S. production platform across refractory and titanium alloy powders and PM HIP components.
    KOV
    AU$18.09
    Korvest
    7D
    -14.3%
    1Y
    66.0%
    AAL
    AU$0.31
    Alfabs Australia
    7D
    10.7%
    1Y
    -16.2%
    FBR
    AU$0.0025
    FBR
    7D
    -28.6%
    1Y
    -54.5%
    AIH
    AU$0.66
    Advanced Innergy Holdings
    7D
    -7.1%
    1Y
    n/a
    MPW
    AU$1.84
    Metal Powder Works
    7D
    0.3%
    1Y
    26.5%
    A3D
    AU$0.051
    Aurora Labs
    7D
    8.5%
    1Y
    27.5%
    Analysis Article • Apr 08

    Here's Why We're Watching Aurora Labs' (ASX:A3D) Cash Burn Situation

    We can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining...
    LBL
    AU$0.55
    LaserBond
    7D
    12.2%
    1Y
    48.6%
    MXI
    AU$1.39
    MaxiPARTS
    7D
    -0.7%
    1Y
    -39.8%
    XRF
    AU$1.73
    XRF Scientific
    7D
    -8.2%
    1Y
    -3.1%