These 4 Measures Indicate That Reece (ASX:REH) Is Using Debt Reasonably Well
Dec 18
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Australian (ASX) Trade Companies and Distributors Industry Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies13
- 7D-2.8%
- 3M-7.7%
- 1Y16.1%
- YTDn/a
Over the last 7 days, the Trade Companies and Distributors industry has dropped 1.7%, driven by Reece declining 4.5%. Meanwhile, Redox actually outperformed within the industry, gaining 5.8% in the last week. This takes the industry's 12 month performance to a gain of 20%. As for the next few years, earnings are expected to grow by 13% 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 |
|---|---|---|---|---|---|---|
| Sat, 21 Dec 2024 | AU$36.6b | AU$22.8b | AU$1.1b | 23.8x | 33.8x | 1.6x |
| Mon, 18 Nov 2024 | AU$38.1b | AU$22.8b | AU$1.1b | 22.4x | 35x | 1.7x |
| Wed, 16 Oct 2024 | AU$38.5b | AU$22.8b | AU$1.1b | 21.2x | 35.3x | 1.7x |
| Fri, 13 Sep 2024 | AU$37.7b | AU$22.8b | AU$1.1b | 22.4x | 34.6x | 1.7x |
| Sun, 11 Aug 2024 | AU$34.9b | AU$22.5b | AU$1.1b | 24.6x | 31.4x | 1.5x |
| Tue, 09 Jul 2024 | AU$33.4b | AU$22.5b | AU$1.1b | 26.2x | 30x | 1.5x |
| Thu, 06 Jun 2024 | AU$35.3b | AU$22.5b | AU$1.1b | 24.7x | 31.7x | 1.6x |
| Sat, 04 May 2024 | AU$35.8b | AU$22.5b | AU$1.1b | 23.6x | 32.2x | 1.6x |
| Mon, 01 Apr 2024 | AU$36.3b | AU$22.5b | AU$1.1b | 27.6x | 32.6x | 1.6x |
| Wed, 28 Feb 2024 | AU$35.4b | AU$22.6b | AU$1.1b | 28.2x | 31.9x | 1.6x |
| Fri, 26 Jan 2024 | AU$30.0b | AU$21.9b | AU$1.2b | 22.6x | 25.9x | 1.4x |
| Sun, 24 Dec 2023 | AU$29.9b | AU$21.9b | AU$1.2b | 22.7x | 25.8x | 1.4x |
| Tue, 21 Nov 2023 | AU$26.9b | AU$21.9b | AU$1.2b | 20.4x | 23.3x | 1.2x |
| Thu, 19 Oct 2023 | AU$23.9b | AU$21.9b | AU$1.2b | 17x | 20.6x | 1.1x |
| Sat, 16 Sep 2023 | AU$25.1b | AU$21.9b | AU$1.2b | 16.6x | 21.7x | 1.1x |
| Mon, 14 Aug 2023 | AU$25.2b | AU$20.3b | AU$239.8m | 19.8x | 105.3x | 1.2x |
| Wed, 12 Jul 2023 | AU$22.7b | AU$20.3b | AU$239.8m | 19.3x | 94.7x | 1.1x |
| Fri, 09 Jun 2023 | AU$22.1b | AU$19.1b | AU$149.6m | 23.1x | 147.8x | 1.2x |
| Sun, 07 May 2023 | AU$21.4b | AU$19.1b | AU$150.1m | 22.8x | 142.4x | 1.1x |
| Tue, 04 Apr 2023 | AU$21.3b | AU$19.1b | AU$150.1m | 21.1x | 141.7x | 1.1x |
| Thu, 02 Mar 2023 | AU$20.6b | AU$19.1b | AU$150.1m | 18.3x | 137.2x | 1.1x |
| Sat, 28 Jan 2023 | AU$19.6b | AU$18.4b | AU$886.7m | 18.2x | 22.1x | 1.1x |
| Mon, 26 Dec 2022 | AU$17.6b | AU$18.4b | AU$886.7m | 17.7x | 19.9x | 1x |
| Wed, 23 Nov 2022 | AU$18.1b | AU$18.4b | AU$889.0m | 17.8x | 20.3x | 1x |
| Fri, 21 Oct 2022 | AU$16.8b | AU$18.4b | AU$889.0m | 16.3x | 18.9x | 0.9x |
| Sun, 18 Sep 2022 | AU$17.1b | AU$18.4b | AU$889.0m | 16.4x | 19.2x | 0.9x |
| Tue, 16 Aug 2022 | AU$17.8b | AU$16.0b | AU$1.7b | 13.3x | 10.4x | 1.1x |
| Thu, 14 Jul 2022 | AU$15.9b | AU$16.0b | AU$1.7b | 13.4x | 9.3x | 1x |
| Sat, 11 Jun 2022 | AU$16.8b | AU$16.0b | AU$1.7b | 12.6x | 9.8x | 1x |
| Mon, 09 May 2022 | AU$19.1b | AU$16.0b | AU$1.7b | 13.9x | 11.1x | 1.2x |
| Wed, 06 Apr 2022 | AU$20.7b | AU$16.0b | AU$1.7b | 15.3x | 12x | 1.3x |
| Fri, 04 Mar 2022 | AU$23.3b | AU$16.8b | AU$1.8b | 14.5x | 12.9x | 1.4x |
| Sun, 30 Jan 2022 | AU$23.7b | AU$13.6b | AU$1.0b | 22.3x | 23x | 1.7x |
| Tue, 28 Dec 2021 | AU$27.1b | AU$13.6b | AU$1.0b | 22x | 26.3x | 2x |
Price to Earnings Ratio
26.3x
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 34.6x which is lower than its 3-year average PE of 41.8x.
- The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Trading Companies and Distributors industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 19% 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 and as a result, profits have held steady.
Industry Comparison
How does Australian Trade Companies and Distributors compare with similar industries?
| AU Market | -2.74% | |
| Industrials | 0.31% | |
| Trade Distributors | -2.81% | |
| Trade Companies and Distributors | -2.81% | |
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 | |
|---|---|---|---|---|---|
| RDX Redox | AU$3.95 | 2.6% +AU$52.5m | 68.8% | PE23x | |
| ACF Acrow | AU$1.04 | 2.5% +AU$7.6m | 1.0% | PE12.5x | |
| HNG Hancock & Gore | AU$0.29 | 5.5% +AU$6.9m | -31.8% | PE27.4x | |
| IPG IPD Group | AU$3.86 | 1.6% +AU$6.2m | -18.6% | PE17.9x | |
| EHL Emeco Holdings | AU$0.92 | 1.1% +AU$5.1m | 37.3% | PE9x |
