Reece (ASX:REH) Seems To Use Debt Quite Sensibly
Nov 18
Australian (ASX) Trade Companies and Distributors Industry Analysis
UpdatedDec 08, 2023
DataAggregated Company Financials
Companies14
- 7D2.5%
- 3M7.4%
- 1Y45.4%
- YTD44.4%
Over the last 7 days, the Trade Companies and Distributors industry has risen 2.5%, driven by gains from Reece of 3.4%. This takes the industry's 12 month performance to a gain of 45%. As for the next few years, earnings are expected to grow by 9.9% per annum.
Industry Valuation and Performance
Has the Australian Trade Companies and Distributors Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 08 Dec 2023 | AU$27.3b | AU$21.9b | AU$1.2b | 22.4x | 23.6x | 1.3x |
| Sun, 05 Nov 2023 | AU$24.9b | AU$21.9b | AU$1.2b | 18.5x | 21.5x | 1.1x |
| Tue, 03 Oct 2023 | AU$25.7b | AU$21.9b | AU$1.2b | 18.3x | 22.2x | 1.2x |
| Thu, 31 Aug 2023 | AU$25.8b | AU$21.9b | AU$1.2b | 16.8x | 22.3x | 1.2x |
| Sat, 29 Jul 2023 | AU$24.6b | AU$20.3b | AU$239.8m | 19.2x | 102.5x | 1.2x |
| Mon, 26 Jun 2023 | AU$21.8b | AU$19.1b | AU$149.6m | 23x | 146x | 1.1x |
| Wed, 24 May 2023 | AU$21.9b | AU$19.1b | AU$150.1m | 22.9x | 146x | 1.1x |
| Fri, 21 Apr 2023 | AU$21.0b | AU$19.1b | AU$150.1m | 21.9x | 140.1x | 1.1x |
| Sun, 19 Mar 2023 | AU$19.9b | AU$19.1b | AU$150.1m | 16.7x | 132.6x | 1x |
| Tue, 14 Feb 2023 | AU$20.4b | AU$18.4b | AU$886.7m | 18.4x | 23x | 1.1x |
| Thu, 12 Jan 2023 | AU$18.6b | AU$18.4b | AU$886.7m | 18.3x | 20.9x | 1x |
| Sat, 10 Dec 2022 | AU$18.0b | AU$18.4b | AU$886.7m | 17.7x | 20.3x | 1x |
| Mon, 07 Nov 2022 | AU$17.5b | AU$18.4b | AU$889.0m | 17.1x | 19.7x | 1x |
| Wed, 05 Oct 2022 | AU$16.8b | AU$18.4b | AU$889.0m | 16.1x | 18.9x | 0.9x |
| Fri, 02 Sep 2022 | AU$17.9b | AU$18.4b | AU$887.9m | 16.2x | 20.2x | 1x |
| Sun, 31 Jul 2022 | AU$17.2b | AU$16.0b | AU$1.7b | 13.4x | 10.1x | 1.1x |
| Tue, 28 Jun 2022 | AU$16.5b | AU$16.0b | AU$1.7b | 13.5x | 9.6x | 1x |
| Thu, 26 May 2022 | AU$17.4b | AU$16.0b | AU$1.7b | 13x | 10.1x | 1.1x |
| Sat, 23 Apr 2022 | AU$19.6b | AU$16.0b | AU$1.7b | 15.3x | 11.4x | 1.2x |
| Mon, 21 Mar 2022 | AU$22.9b | AU$16.8b | AU$1.8b | 13.9x | 12.7x | 1.4x |
| Wed, 16 Feb 2022 | AU$23.5b | AU$13.7b | AU$1.1b | 21.8x | 22.3x | 1.7x |
| Fri, 14 Jan 2022 | AU$26.1b | AU$13.6b | AU$1.0b | 22.3x | 25.3x | 1.9x |
| Sun, 12 Dec 2021 | AU$25.7b | AU$13.5b | AU$1.0b | 23.3x | 25.1x | 1.9x |
| Tue, 09 Nov 2021 | AU$24.1b | AU$13.5b | AU$1.0b | 24.2x | 23.7x | 1.8x |
| Thu, 07 Oct 2021 | AU$20.0b | AU$12.8b | AU$955.0m | 27x | 20.9x | 1.6x |
| Sat, 04 Sep 2021 | AU$21.6b | AU$12.8b | AU$959.9m | 19.6x | 22.5x | 1.7x |
| Mon, 02 Aug 2021 | AU$25.1b | AU$12.8b | AU$959.9m | 19.4x | 26.2x | 2x |
| Thu, 06 May 2021 | AU$21.8b | AU$12.5b | AU$845.2m | 14.5x | 25.8x | 1.7x |
| Sun, 07 Feb 2021 | AU$18.9b | AU$12.2b | AU$721.5m | 17.6x | 26.2x | 1.6x |
Price to Earnings Ratio
25.6x
Current Industry PE
- Investors are pessimistic on the Australian Trading Companies and Distributors industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 23.6x which is lower than its 3-year average PE of 39.7x.
- The industry is trading close to its 3-year average PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Trading Companies and Distributors industry have grown 17% per year over the last three years.
- Revenues for these companies have grown 22% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Australian Trade Companies and Distributors compare with similar industries?
| AU Market | 1.05% | |
| Industrials | 0.70% | |
| Trade Distributors | 2.50% | |
| Trade Companies and Distributors | 2.50% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| REH Reece | AU$20.01 | 3.4% +AU$419.9m | 37.1% | PE33.3x | |
| SVW Seven Group Holdings | AU$33.09 | 2.0% +AU$232.4m | 60.2% | PE19.8x | |
| IPG IPD Group | AU$4.66 | -1.7% AU$40.5m | 59.0% | PE28.1x | |
| RDX Redox | AU$2.39 | 2.1% +AU$26.3m | n/a | PE15.5x | |
| HNG Hancock & Gore | AU$0.42 | 9.1% +AU$8.4m | 44.8% | PE12.4x |