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Australian (ASX) Machinery Industry Analysis

UpdatedJun 07, 2026
DataAggregated Company Financials
Companies16
  • 7D-3.3%
  • 3M-2.4%
  • 1Y27.3%
  • YTD-22.2%

Over the last 7 days, the Machinery industry has dropped 3.3%, driven by pullbacks in Advanced Innergy Holdings and Silex Systems of 11% and 2.1%, respectively. Meanwhile, Korvest actually outperformed within the industry, gaining 8.1% in the last week. This takes the industry's 12 month performance to a gain of 27%. 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
Sun, 07 Jun 2026AU$3.7bAU$1.6b-AU$89,440,251.2012.2x-41.9x2.3x
Tue, 05 May 2026AU$3.8bAU$1.6b-AU$89,592,202.9112.2x-42.2x2.4x
Thu, 02 Apr 2026AU$3.6bAU$1.6b-AU$89,035,833.1312.2x-40.8x2.3x
Sat, 28 Feb 2026AU$4.2bAU$1.6b-AU$95,857,631.2712.8x-43.6x2.5x
Mon, 26 Jan 2026AU$4.5bAU$1.6b-AU$55,611,458.9816.2x-81.2x2.8x
Wed, 24 Dec 2025AU$4.7bAU$1.6b-AU$62,639,365.6717.3x-74.5x2.9x
Fri, 21 Nov 2025AU$4.5bAU$1.6b-AU$62,468,343.1916.1x-72.4x2.8x
Sun, 19 Oct 2025AU$3.9bAU$1.3b-AU$69,986,389.7615.4x-55.5x2.9x
Tue, 16 Sep 2025AU$2.9bAU$1.3b-AU$16,156,892.6115.3x-182x2.2x
Thu, 14 Aug 2025AU$2.8bAU$1.3b-AU$4,099,538.0822.3x-684.1x2.2x
Sat, 12 Jul 2025AU$2.6bAU$1.3b-AU$7,847,950.7618.3x-326.2x2x
Mon, 09 Jun 2025AU$2.3bAU$1.5b-AU$2,972,679.1718.6x-790.3x1.6x
Wed, 07 May 2025AU$2.1bAU$1.5b-AU$2,887,144.7118.3x-739.7x1.4x
Fri, 04 Apr 2025AU$2.4bAU$1.5b-AU$3,165,922.7917.6x-744x1.6x
Sun, 02 Mar 2025AU$2.6bAU$1.5b-AU$3,013,464.4816.1x-860x1.7x
Tue, 28 Jan 2025AU$3.4bAU$1.4bAU$8.2m18.7x411.5x2.4x
Thu, 26 Dec 2024AU$2.9bAU$1.4bAU$9.8m18.4x299.5x2.1x
Sat, 23 Nov 2024AU$3.2bAU$1.4bAU$9.6m19.1x338.5x2.3x
Mon, 21 Oct 2024AU$3.0bAU$1.4bAU$9.5m18.4x319.9x2.2x
Wed, 18 Sep 2024AU$2.6bAU$1.3bAU$6.0m17.3x435.9x2x
Fri, 16 Aug 2024AU$2.8bAU$1.2b-AU$10,208,506.9317.3x-273.1x2.3x
Sun, 14 Jul 2024AU$3.1bAU$1.2b-AU$8,562,662.3117.9x-367.3x2.6x
Tue, 11 Jun 2024AU$3.1bAU$1.3b-AU$31,990,072.6517.9x-96.8x2.3x
Thu, 09 May 2024AU$3.2bAU$1.3b-AU$32,067,977.9118.5x-101.2x2.5x
Sat, 06 Apr 2024AU$2.9bAU$1.3b-AU$32,047,485.0419.6x-91.3x2.2x
Mon, 04 Mar 2024AU$2.7bAU$1.3b-AU$25,612,378.0518.3x-104.9x2x
Wed, 31 Jan 2024AU$2.6bAU$1.2b-AU$25,441,109.0019.5x-101.2x2.2x
Fri, 29 Dec 2023AU$2.4bAU$1.2b-AU$26,434,963.0020.8x-89.2x2x
Sun, 26 Nov 2023AU$2.0bAU$1.2b-AU$26,651,190.0020.3x-75.9x1.7x
Tue, 24 Oct 2023AU$2.0bAU$1.2b-AU$26,389,964.0019x-74x1.6x
Thu, 21 Sep 2023AU$2.0bAU$1.2b-AU$26,237,918.0019.7x-77.5x1.7x
Sat, 19 Aug 2023AU$2.0bAU$1.1b-AU$26,468,032.0024.2x-73.8x1.8x
Mon, 17 Jul 2023AU$2.1bAU$1.1b-AU$28,407,145.0020.9x-72.9x1.9x
Wed, 14 Jun 2023AU$1.2bAU$1.1b-AU$14,598,891.0020.9x-80.9x1.1x
Price to Earnings Ratio

-80.9x


Total Market Cap: AU$1.2bTotal Earnings: -AU$14,598,891.00Total Revenue: AU$1.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Machinery Industry Price to Earnings3Y Average -128x202420252026
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-1.23%
Industrials0.75%
Machinery-3.31%
Agricultural Machinery0%0
Industrial Machinery-2.82%
Construction Machinery and Vehicles-8.92%
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 27% 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
    		KOV KorvestAU$20.408.1%
    +AU$18.1m    		91.4%PE16.6x
    		EGL Environmental GroupAU$0.1217.3%
    +AU$6.5m    		-53.1%PE14.6x
    		ANG Austin EngineeringAU$0.172.9%
    +AU$3.1m    		-52.1%PE7.3x
    		LBL LaserBondAU$0.521.0%
    +AU$592.9k    		42.5%PE12.2x
    		A3D Aurora LabsAU$0.0561.8%
    +AU$523.6k    		21.7%PS41.4x

    Latest News

    VEE
    AU$0.45
    VEEM
    7D
    -10.0%
    1Y
    -47.1%
    KOV
    AU$20.40
    Korvest
    7D
    8.1%
    1Y
    91.4%
    ANG
    AU$0.17
    Austin Engineering
    7D
    2.9%
    1Y
    -52.1%
    Narrative Update • May 29

    ANG: Index Removal And Stable Assumptions Will Support Future Upside

    Analysts have kept their fair value estimate for Austin Engineering steady at A$0.35 per share, with only minor tweaks to assumptions such as discount rate, revenue growth, profit margin and future P/E feeding into the updated price target rationale. What's in the News Austin Engineering Limited (ASX:ANG) removed from the S&P/ASX All Ordinaries Index, which may affect how some index-tracking funds hold or trade the stock (Key Developments).
    AIH
    AU$0.79
    Advanced Innergy Holdings
    7D
    -10.8%
    1Y
    n/a
    EGL
    AU$0.12
    Environmental Group
    7D
    17.3%
    1Y
    -53.1%
    New Narrative • May 25

    PFAS Treatment And Recurring Services Will Underpin Stronger Long Term Earnings Quality

    Catalysts About Environmental Group Environmental Group provides engineered solutions across energy, clean air and waste, with a growing focus on PFAS treatment and recurring service contracts. What are the underlying business or industry changes driving this perspective?
    3DA
    AU$0.35
    Amaero
    7D
    -6.7%
    1Y
    6.1%
    MPW
    AU$2.05
    Metal Powder Works
    7D
    -2.8%
    1Y
    86.4%
    A3D
    AU$0.056
    Aurora Labs
    7D
    1.8%
    1Y
    21.7%
    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...
    SLX
    AU$6.04
    Silex Systems
    7D
    -2.1%
    1Y
    74.6%
    FBR
    AU$0.003
    FBR
    7D
    -25.0%
    1Y
    -50.0%
    AAL
    AU$0.25
    Alfabs Australia
    7D
    -16.0%
    1Y
    -28.6%
    LBL
    AU$0.52
    LaserBond
    7D
    1.0%
    1Y
    42.5%
    MXI
    AU$1.47
    MaxiPARTS
    7D
    -11.2%
    1Y
    -37.1%