Subdued Growth No Barrier To Reece Limited's (ASX:REH) Price
Jan 19
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Australian (ASX) Trade Companies and Distributors Industry Analysis
UpdatedJan 20, 2025
DataAggregated Company Financials
Companies13
- 7D-0.08%
- 3M-3.9%
- 1Y20.0%
- YTDn/a
In the last week, Trade Companies and Distributors has been flat. As for the the longer term, the industry is up 20% over the past 12 months. 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 |
|---|---|---|---|---|---|---|
| Mon, 20 Jan 2025 | AU$37.2b | AU$22.8b | AU$1.1b | 24.5x | 34.3x | 1.6x |
| Wed, 18 Dec 2024 | AU$37.8b | AU$22.8b | AU$1.1b | 23.6x | 34.8x | 1.7x |
| Fri, 15 Nov 2024 | AU$37.1b | AU$22.8b | AU$1.1b | 22.7x | 34.1x | 1.6x |
| Sun, 13 Oct 2024 | AU$38.2b | AU$22.8b | AU$1.1b | 21.6x | 35.1x | 1.7x |
| Tue, 10 Sep 2024 | AU$36.8b | AU$22.8b | AU$1.1b | 22x | 33.8x | 1.6x |
| Thu, 08 Aug 2024 | AU$35.3b | AU$22.5b | AU$1.1b | 24.8x | 31.7x | 1.6x |
| Sat, 06 Jul 2024 | AU$33.4b | AU$22.5b | AU$1.1b | 26.7x | 30x | 1.5x |
| Mon, 03 Jun 2024 | AU$35.4b | AU$22.5b | AU$1.1b | 24.1x | 31.8x | 1.6x |
| Wed, 01 May 2024 | AU$35.6b | AU$22.5b | AU$1.1b | 24x | 32.1x | 1.6x |
| Fri, 29 Mar 2024 | AU$36.2b | AU$22.5b | AU$1.1b | 27.6x | 32.6x | 1.6x |
| Sun, 25 Feb 2024 | AU$32.4b | AU$22.4b | AU$1.1b | 29.2x | 30.3x | 1.4x |
| Tue, 23 Jan 2024 | AU$29.8b | AU$21.9b | AU$1.2b | 22.7x | 25.7x | 1.4x |
| Thu, 21 Dec 2023 | AU$29.7b | AU$21.9b | AU$1.2b | 23.1x | 25.6x | 1.4x |
| Sat, 18 Nov 2023 | AU$26.5b | AU$21.9b | AU$1.2b | 20x | 22.9x | 1.2x |
| Mon, 16 Oct 2023 | AU$24.4b | AU$21.9b | AU$1.2b | 16.8x | 21.1x | 1.1x |
| Wed, 13 Sep 2023 | AU$25.3b | AU$21.9b | AU$1.2b | 16.8x | 21.9x | 1.2x |
| Fri, 11 Aug 2023 | AU$25.2b | AU$20.3b | AU$239.8m | 19.7x | 105x | 1.2x |
| Sun, 09 Jul 2023 | AU$22.4b | AU$20.3b | AU$239.8m | 19.2x | 93.4x | 1.1x |
| Tue, 06 Jun 2023 | AU$22.0b | AU$19.1b | AU$149.6m | 22.8x | 147.3x | 1.2x |
| Thu, 04 May 2023 | AU$21.0b | AU$19.1b | AU$150.1m | 22.6x | 139.6x | 1.1x |
| Sat, 01 Apr 2023 | AU$20.8b | AU$19.1b | AU$150.1m | 21x | 138.3x | 1.1x |
| Mon, 27 Feb 2023 | AU$20.7b | AU$19.1b | AU$148.6m | 20.8x | 139.3x | 1.1x |
| Wed, 25 Jan 2023 | AU$19.4b | AU$18.4b | AU$886.7m | 18.4x | 21.9x | 1.1x |
| Fri, 23 Dec 2022 | AU$17.8b | AU$18.4b | AU$886.7m | 18.1x | 20.1x | 1x |
| Sun, 20 Nov 2022 | AU$18.1b | AU$18.4b | AU$889.0m | 17.5x | 20.4x | 1x |
| Tue, 18 Oct 2022 | AU$16.7b | AU$18.4b | AU$889.0m | 16x | 18.8x | 0.9x |
| Thu, 15 Sep 2022 | AU$17.5b | AU$18.4b | AU$889.0m | 16.5x | 19.7x | 0.9x |
| Sat, 13 Aug 2022 | AU$17.6b | AU$16.0b | AU$1.7b | 13.5x | 10.3x | 1.1x |
| Mon, 11 Jul 2022 | AU$16.6b | AU$16.0b | AU$1.7b | 13.5x | 9.7x | 1x |
| Wed, 08 Jun 2022 | AU$17.2b | AU$16.0b | AU$1.7b | 12.7x | 10x | 1.1x |
| Fri, 06 May 2022 | AU$19.5b | AU$16.0b | AU$1.7b | 14.5x | 11.4x | 1.2x |
| Sun, 03 Apr 2022 | AU$20.6b | AU$16.0b | AU$1.7b | 15.2x | 12x | 1.3x |
| Tue, 01 Mar 2022 | AU$22.9b | AU$16.8b | AU$1.8b | 14.3x | 12.7x | 1.4x |
| Thu, 27 Jan 2022 | AU$23.6b | AU$13.6b | AU$1.0b | 22.1x | 23x | 1.7x |
Price to Earnings Ratio
23x
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 34.3x which is lower than its 3-year average PE of 42.0x.
- 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 | 0.10% | |
| Industrials | 0.77% | |
| Trade Distributors | -0.081% | |
| Trade Companies and Distributors | -0.081% | |
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$23.22 | 5.0% +AU$710.6m | 3.9% | PE35.8x | |
| SGH SGH | AU$46.56 | 2.4% +AU$442.5m | 33.6% | PE40.7x | |
| RDX Redox | AU$4.18 | 1.7% +AU$36.8m | 81.0% | PE24.3x | |
| ACF Acrow | AU$1.10 | 2.3% +AU$7.6m | -1.4% | PE13.2x | |
| IPG IPD Group | AU$3.76 | 1.6% +AU$6.2m | -19.8% | PE17.4x |
