Here's What To Make Of Aurizon Holdings' (ASX:AZJ) Decelerating Rates Of Return
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Has the Australian Transportation Industry valuation changed over the past few years?
|Sun, 28 Nov 2021||AU$8.2b||AU$4.8b||AU$621.4m||34.4x|
|Tue, 26 Oct 2021||AU$8.6b||AU$4.8b||AU$621.4m||37.2x|
|Thu, 23 Sep 2021||AU$7.3b||AU$3.6b||AU$585.7m||31.5x|
|Sat, 21 Aug 2021||AU$7.8b||AU$3.6b||AU$585.7m||31.5x|
|Sat, 05 Jun 2021||AU$7.0b||AU$3.6b||AU$540.9m||20.3x|
|Tue, 09 Mar 2021||AU$7.3b||AU$3.6b||AU$496.8m||15.6x|
|Mon, 30 Nov 2020||AU$8.2b||AU$3.6b||AU$538.1m||15.5x|
|Thu, 03 Sep 2020||AU$8.5b||AU$3.6b||AU$579.5m||16.3x|
|Sun, 07 Jun 2020||AU$9.3b||AU$3.6b||AU$589.8m||15x|
|Sat, 29 Feb 2020||AU$9.6b||AU$3.6b||AU$600.2m||15x|
|Tue, 03 Dec 2019||AU$11.7b||AU$3.5b||AU$543.0m||17.5x|
|Fri, 06 Sep 2019||AU$12.1b||AU$3.5b||AU$485.8m||15.5x|
|Mon, 10 Jun 2019||AU$10.6b||AU$3.5b||AU$498.9m||21.1x|
|Sun, 03 Mar 2019||AU$9.4b||AU$3.6b||AU$515.4m||17.8x|
|Wed, 05 Dec 2018||AU$8.8b||AU$3.6b||AU$538.0m||15.7x|
Current Industry PE: Investors are more optimistic on the industry, considering it's trading at a PE ratio of 34.4x which is higher than its 3-year average PE of 20.5x. It appears they are confident that earnings will grow faster in the future than they have historically.
Past Earnings Growth: The earnings for companies in the Transportation industry have grown 4.9% per year over the last three years, and revenues for these companies have grown 9.6% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Which industries have driven the changes within the Australian Transportation industry?
Industry PE: Investors are most optimistic about the Trucking industry which is trading above its 3-year average PE ratio of 24.6x. This is likely because analysts are expecting annual earnings growth of 24%, which is higher than its past year's earnings decline of 62% per year. Meanwhile, investors are most pessimistic about the Railroads industry, which is trading below its 3-year average of 16.0x.
Forecasted Growth: Analysts are most optimistic on the Trucking industry, expecting annual earnings growth of 24% over the next 5 years. This is better than its past earnings decline of 62% per year. Meanwhile, the Railroads industry is expected to see its earnings growth to stay flat over the next few years.