Analysis Article • Aug 23
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Australian (ASX) Machinery Industry Analysis
UpdatedAug 24, 2026
DataAggregated Company Financials
Companies16
- 7D-0.7%
- 3M-18.1%
- 1Y-12.6%
- YTD-34.7%
The Machinery is pretty flat in the last 7 days, but Silex Systems has stood out, gaining 5.2%. As for the longer term, the industry has declined 13% in the last year. As for the next few years, earnings are expected to grow by 56% per annum.
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 |
|---|---|---|---|---|---|---|
| Mon, 24 Aug 2026 | AU$3.1b | AU$1.6b | -AU$116,133,001.86 | 11.3x | -27.1x | 1.9x |
| Wed, 22 Jul 2026 | AU$3.1b | AU$1.6b | -AU$96,933,424.01 | 11.7x | -31.6x | 1.9x |
| Fri, 19 Jun 2026 | AU$3.6b | AU$1.6b | -AU$89,466,664.90 | 11x | -40.4x | 2.2x |
| Sun, 17 May 2026 | AU$3.7b | AU$1.6b | -AU$89,817,885.09 | 12.7x | -41.4x | 2.3x |
| Tue, 14 Apr 2026 | AU$3.7b | AU$1.6b | -AU$89,212,897.42 | 12.6x | -41.7x | 2.3x |
| Thu, 12 Mar 2026 | AU$3.8b | AU$1.6b | -AU$89,658,762.20 | 12.6x | -42x | 2.4x |
| Sat, 07 Feb 2026 | AU$4.0b | AU$1.6b | -AU$54,729,999.37 | 15.7x | -73.5x | 2.5x |
| Mon, 05 Jan 2026 | AU$4.8b | AU$1.6b | -AU$62,694,078.58 | 16.7x | -76.5x | 2.9x |
| Wed, 03 Dec 2025 | AU$4.5b | AU$1.6b | -AU$62,545,131.87 | 17.5x | -72.2x | 2.8x |
| Fri, 31 Oct 2025 | AU$5.0b | AU$1.6b | -AU$62,465,340.97 | 15.6x | -80.1x | 3.1x |
| Sun, 28 Sep 2025 | AU$3.7b | AU$1.3b | -AU$16,081,690.00 | 15.5x | -229.9x | 2.8x |
| Tue, 26 Aug 2025 | AU$2.8b | AU$1.3b | -AU$6,406,190.14 | 16.2x | -435.1x | 2.2x |
| Thu, 24 Jul 2025 | AU$2.8b | AU$1.3b | -AU$7,888,668.93 | 19.6x | -352.9x | 2.2x |
| Sat, 21 Jun 2025 | AU$2.5b | AU$1.5b | -AU$2,852,744.65 | 18.9x | -859x | 1.6x |
| Mon, 19 May 2025 | AU$2.3b | AU$1.5b | -AU$2,885,359.67 | 18.4x | -797.6x | 1.5x |
| Wed, 16 Apr 2025 | AU$2.2b | AU$1.5b | -AU$2,968,955.74 | 17.9x | -729.9x | 1.5x |
| Fri, 14 Mar 2025 | AU$2.5b | AU$1.5b | -AU$4,484,986.81 | 17.6x | -560.7x | 1.7x |
| Sun, 09 Feb 2025 | AU$3.2b | AU$1.4b | AU$8.2m | 18.4x | 394.9x | 2.3x |
| Tue, 07 Jan 2025 | AU$3.2b | AU$1.4b | AU$9.8m | 18.9x | 330.4x | 2.3x |
| Thu, 05 Dec 2024 | AU$3.3b | AU$1.4b | AU$9.6m | 18.6x | 346.7x | 2.4x |
| Sat, 02 Nov 2024 | AU$3.1b | AU$1.4b | AU$9.6m | 19.5x | 318.7x | 2.2x |
| Mon, 30 Sep 2024 | AU$2.9b | AU$1.3b | AU$5.9m | 18.2x | 486.7x | 2.2x |
| Wed, 28 Aug 2024 | AU$2.8b | AU$1.3b | -AU$8,919,379.52 | 19.2x | -316x | 2.2x |
| Fri, 26 Jul 2024 | AU$3.0b | AU$1.2b | -AU$8,817,274.44 | 18x | -339.3x | 2.5x |
| Sun, 23 Jun 2024 | AU$3.0b | AU$1.3b | -AU$31,740,958.52 | 17.4x | -95.3x | 2.3x |
| Tue, 21 May 2024 | AU$3.3b | AU$1.3b | -AU$31,572,251.53 | 17x | -104.2x | 2.5x |
| Thu, 18 Apr 2024 | AU$2.9b | AU$1.3b | -AU$32,782,400.90 | 20.4x | -88.4x | 2.2x |
| Sat, 16 Mar 2024 | AU$2.7b | AU$1.3b | -AU$32,185,000.60 | 18.7x | -83.7x | 2x |
| Mon, 12 Feb 2024 | AU$2.5b | AU$1.2b | -AU$19,913,007.93 | 19.3x | -127.5x | 2.2x |
| Wed, 10 Jan 2024 | AU$2.3b | AU$1.2b | -AU$26,573,993.00 | 20.8x | -87.3x | 2x |
| Fri, 08 Dec 2023 | AU$2.1b | AU$1.2b | -AU$26,682,716.00 | 20.7x | -77x | 1.7x |
| Sun, 05 Nov 2023 | AU$2.0b | AU$1.2b | -AU$26,669,916.00 | 18.5x | -76.7x | 1.7x |
| Tue, 03 Oct 2023 | AU$2.0b | AU$1.2b | -AU$26,260,239.00 | 19.1x | -75.4x | 1.7x |
| Thu, 31 Aug 2023 | AU$2.0b | AU$1.2b | -AU$34,388,363.00 | 21.4x | -57.5x | 1.7x |
Price to Earnings Ratio
-57.5x
Current Industry PE
- Investors are pessimistic on the Australian Machinery industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 2.2x is higher than the industry's current PS ratio of 1.9x.
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 11% 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 | -0.61% | |
| Industrials | -2.03% | |
| Machinery | -0.72% | |
| Construction Machinery and Vehicles | 4.39% | |
| Agricultural Machinery | 0% | 0 |
| Industrial Machinery | -1.20% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 60% over the next 5 years.
- This is better than its past earnings decline of 3.8% per year.
- In contrast, the Construction Machinery and Vehicles industry is expected to see its earnings grow by 17% 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 | |
|---|---|---|---|---|---|
| SLX Silex Systems | AU$5.50 | 5.2% +AU$75.2m | 45.9% | PS81.2x | |
| 3DA Amaero | AU$0.25 | 19.0% +AU$38.1m | -33.3% | PS13.1x | |
| MXI MaxiPARTS | AU$1.84 | 11.6% +AU$10.6m | -24.2% | PE10.6x | |
| KOV Korvest | AU$17.46 | 2.3% +AU$4.7m | 32.6% | PE16.7x | |
| ANG Austin Engineering | AU$0.16 | 5.0% +AU$4.7m | -50.0% | PE6.6x |
