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Australian (ASX) Professional Services Industry Analysis
UpdatedSep 07, 2024
DataAggregated Company Financials
Companies23
- 7D-1.0%
- 3M3.0%
- 1Y7.9%
- YTD11.5%
The Professional Services is pretty flat in the last 7 days, but Smartgroup has stood out, gaining 6.4%. The past year has been better, since the industry has gained 7.9% in that time. Looking forward, earnings are forecast to grow by 17% annually.
Industry Valuation and Performance
Has the Australian Professional Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 08 Sep 2024 | AU$30.8b | AU$13.0b | AU$733.4m | 19x | 42x | 2.4x |
| Tue, 06 Aug 2024 | AU$28.8b | AU$13.6b | AU$1.0b | 17.5x | 28.2x | 2.1x |
| Thu, 04 Jul 2024 | AU$29.3b | AU$13.4b | AU$998.8m | 19.6x | 29.3x | 2.2x |
| Sat, 01 Jun 2024 | AU$28.7b | AU$13.4b | AU$1.0b | 19.3x | 28.6x | 2.1x |
| Mon, 29 Apr 2024 | AU$29.9b | AU$14.4b | AU$1.4b | 18.2x | 20.8x | 2.1x |
| Wed, 27 Mar 2024 | AU$29.3b | AU$14.4b | AU$1.4b | 19x | 20.4x | 2x |
| Fri, 23 Feb 2024 | AU$29.1b | AU$14.1b | AU$1.5b | 19.5x | 19.9x | 2.1x |
| Sun, 21 Jan 2024 | AU$28.2b | AU$13.8b | AU$1.2b | 19.9x | 23.3x | 2x |
| Tue, 19 Dec 2023 | AU$27.1b | AU$13.7b | AU$1.2b | 18.7x | 22.5x | 2x |
| Thu, 16 Nov 2023 | AU$27.0b | AU$13.8b | AU$1.2b | 19.5x | 22.1x | 2x |
| Sat, 14 Oct 2023 | AU$28.7b | AU$13.9b | AU$1.2b | 17.7x | 23x | 2.1x |
| Mon, 11 Sep 2023 | AU$28.7b | AU$13.8b | AU$1.2b | 18.8x | 23.1x | 2.1x |
| Wed, 09 Aug 2023 | AU$28.8b | AU$12.9b | AU$679.1m | 19x | 42.5x | 2.2x |
| Fri, 07 Jul 2023 | AU$27.5b | AU$12.9b | AU$668.0m | 16.6x | 41.1x | 2.1x |
| Sun, 04 Jun 2023 | AU$27.1b | AU$12.9b | AU$668.8m | 16.3x | 40.6x | 2.1x |
| Tue, 02 May 2023 | AU$27.9b | AU$12.9b | AU$655.5m | 16.3x | 42.6x | 2.2x |
| Thu, 30 Mar 2023 | AU$26.4b | AU$12.8b | AU$652.7m | 17.2x | 40.5x | 2.1x |
| Sat, 25 Feb 2023 | AU$13.4b | AU$7.0b | AU$506.0m | 19.4x | 26.5x | 1.9x |
| Mon, 23 Jan 2023 | AU$13.7b | AU$6.7b | AU$489.8m | 20.1x | 27.9x | 2.1x |
| Wed, 21 Dec 2022 | AU$12.9b | AU$6.7b | AU$489.6m | 19.2x | 26.4x | 1.9x |
| Fri, 18 Nov 2022 | AU$13.5b | AU$6.7b | AU$489.9m | 18.9x | 27.6x | 2x |
| Sun, 16 Oct 2022 | AU$13.6b | AU$6.5b | AU$416.5m | 18.8x | 32.8x | 2.1x |
| Tue, 13 Sep 2022 | AU$14.2b | AU$6.5b | AU$417.4m | 20.2x | 33.9x | 2.2x |
| Thu, 11 Aug 2022 | AU$14.1b | AU$5.9b | AU$317.5m | 29.9x | 44.3x | 2.4x |
| Sat, 09 Jul 2022 | AU$13.1b | AU$5.9b | AU$318.1m | 26.5x | 41.1x | 2.2x |
| Mon, 06 Jun 2022 | AU$13.9b | AU$5.9b | AU$318.1m | 31.3x | 43.8x | 2.4x |
| Wed, 04 May 2022 | AU$14.4b | AU$5.8b | AU$306.1m | 31.2x | 46.9x | 2.5x |
| Fri, 01 Apr 2022 | AU$14.8b | AU$5.8b | AU$307.2m | 33.9x | 48.3x | 2.6x |
| Sun, 27 Feb 2022 | AU$11.1b | AU$4.8b | AU$341.9m | 31.8x | 32.6x | 2.3x |
| Tue, 25 Jan 2022 | AU$12.1b | AU$4.6b | AU$325.4m | 20.5x | 37.1x | 2.6x |
| Thu, 23 Dec 2021 | AU$12.6b | AU$4.6b | AU$325.9m | 21.2x | 38.6x | 2.7x |
| Sat, 20 Nov 2021 | AU$12.9b | AU$4.6b | AU$324.5m | 21.5x | 39.8x | 2.8x |
| Mon, 18 Oct 2021 | AU$13.5b | AU$4.4b | AU$318.5m | 21.7x | 42.3x | 3.1x |
| Wed, 15 Sep 2021 | AU$11.9b | AU$4.4b | AU$344.3m | 20.3x | 34.5x | 2.7x |
Price to Earnings Ratio
34.5x
Current Industry PE
- Investors are optimistic on the Australian Professional Services industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 42.0x which is higher than its 3-year average PE of 33.5x.
- The industry is trading close to its 3-year average PS ratio of 2.2x.
Past Earnings Growth
- The earnings for companies in the Professional Services industry have grown 29% per year over the last three years.
- Revenues for these companies have grown 44% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Australian Industrials industry?
| AU Market | -1.28% | |
| Industrials | -0.56% | |
| Professional Services | -1.00% | |
| HR Services | 2.00% | |
| Research and Consulting Services | -2.42% | |
Industry PE
- Investors are most optimistic about the Research and Consulting Services industry which is trading above its 3-year average PE ratio of 46.5x.
- Analysts are expecting annual earnings growth of 26.7%, which is higher than its past year's earnings decline of 46.5% per year.
Forecasted Growth
- Analysts are most optimistic on the HR Services industry, expecting annual earnings growth of 28% over the next 5 years.
- This is better than its past earnings growth rate of 11% per year.
- In contrast, the Research and Consulting Services 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SIQ Smartgroup | AU$8.52 | 6.4% +AU$66.7m | 1.3% | PE16.4x | |
| MMS McMillan Shakespeare | AU$16.07 | 1.4% +AU$15.3m | -5.1% | PE12.4x | |
| KPG Kelly Partners Group Holdings | AU$8.19 | 1.9% +AU$6.7m | 82.4% | PE111.1x | |
| CUP Count | AU$0.67 | 3.9% +AU$4.2m | 21.8% | PE100.9x | |
| IPH IPH | AU$6.19 | 0.2% +AU$2.7m | -17.7% | PE27.1x |
