SciDev Limited (ASX:SDV) Surges 25% Yet Its Low P/S Is No Reason For Excitement
Dec 19
Have your own idea? Try our Stock Screener
Australian (ASX) Chemicals Industry Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies30
- 7D-5.2%
- 3M-5.0%
- 1Y-3.8%
- YTD-5.4%
Over the last 7 days, the Chemicals industry has dropped 5.2%, driven by Orica declining 5.7%. Meanwhile, Sparc Technologies actually outperformed within the industry, gaining 6.7% in the last week. The industry has fallen 3.8% in the last year. Looking forward, earnings are forecast to grow by 33% annually.
Industry Valuation and Performance
Has the Australian Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 21 Dec 2024 | AU$17.3b | AU$17.1b | -AU$144,472,361.78 | 15.6x | -119.8x | 1x |
| Mon, 18 Nov 2024 | AU$18.5b | AU$17.1b | -AU$146,726,190.83 | 30.4x | -125.9x | 1.1x |
| Wed, 16 Oct 2024 | AU$18.6b | AU$16.9b | AU$193.8m | 34.2x | 95.9x | 1.1x |
| Fri, 13 Sep 2024 | AU$18.2b | AU$16.9b | AU$170.4m | 27.1x | 106.8x | 1.1x |
| Sun, 11 Aug 2024 | AU$18.0b | AU$16.8b | AU$188.2m | 30.2x | 95.8x | 1.1x |
| Tue, 09 Jul 2024 | AU$18.0b | AU$16.8b | AU$188.2m | 29.5x | 95.6x | 1.1x |
| Thu, 06 Jun 2024 | AU$18.6b | AU$16.8b | AU$188.0m | 30.2x | 99x | 1.1x |
| Sat, 04 May 2024 | AU$18.2b | AU$17.6b | AU$496.6m | 24.4x | 36.6x | 1x |
| Mon, 01 Apr 2024 | AU$18.7b | AU$17.6b | AU$488.0m | 25.5x | 38.4x | 1.1x |
| Wed, 28 Feb 2024 | AU$17.7b | AU$17.6b | AU$540.2m | 22x | 32.8x | 1x |
| Fri, 26 Jan 2024 | AU$17.7b | AU$17.6b | AU$423.7m | 21.2x | 41.7x | 1x |
| Sun, 24 Dec 2023 | AU$17.5b | AU$17.6b | AU$429.5m | 20.7x | 40.7x | 1x |
| Tue, 21 Nov 2023 | AU$17.3b | AU$17.6b | AU$429.5m | 20.7x | 40.4x | 1x |
| Thu, 19 Oct 2023 | AU$17.3b | AU$19.2b | AU$1.0b | 19.3x | 16.7x | 0.9x |
| Sat, 16 Sep 2023 | AU$18.2b | AU$19.3b | AU$1.0b | 16.6x | 17.9x | 0.9x |
| Mon, 14 Aug 2023 | AU$18.4b | AU$19.2b | AU$1.0b | 20.3x | 17.8x | 1x |
| Wed, 12 Jul 2023 | AU$17.6b | AU$19.2b | AU$1.0b | 23.1x | 17x | 0.9x |
| Fri, 09 Jun 2023 | AU$17.8b | AU$19.2b | AU$1.0b | 23.6x | 17.6x | 0.9x |
| Sun, 07 May 2023 | AU$19.0b | AU$18.1b | AU$1.0b | 23.3x | 18.9x | 1.1x |
| Tue, 04 Apr 2023 | AU$19.0b | AU$18.1b | AU$1.0b | 24.4x | 19x | 1.1x |
| Thu, 02 Mar 2023 | AU$19.9b | AU$18.1b | AU$1.1b | 30.1x | 18.4x | 1.1x |
| Sat, 28 Jan 2023 | AU$19.7b | AU$18.0b | AU$1.1b | 26.2x | 18x | 1.1x |
| Mon, 26 Dec 2022 | AU$20.2b | AU$18.0b | AU$1.1b | 26x | 18.5x | 1.1x |
| Wed, 23 Nov 2022 | AU$20.4b | AU$18.0b | AU$1.1b | 25.6x | 18.7x | 1.1x |
| Fri, 21 Oct 2022 | AU$18.3b | AU$15.4b | AU$163.3m | 20.9x | 112.2x | 1.2x |
| Sun, 18 Sep 2022 | AU$19.6b | AU$15.4b | AU$201.9m | 21.4x | 97.2x | 1.3x |
| Tue, 16 Aug 2022 | AU$20.5b | AU$15.3b | AU$244.7m | 33.1x | 83.6x | 1.3x |
| Thu, 14 Jul 2022 | AU$17.9b | AU$15.3b | AU$262.8m | 32.3x | 68.1x | 1.2x |
| Sat, 11 Jun 2022 | AU$18.8b | AU$15.3b | AU$263.1m | 36.9x | 71.5x | 1.2x |
| Mon, 09 May 2022 | AU$20.8b | AU$13.3b | -AU$48,357,554.00 | 47.7x | -429.7x | 1.6x |
| Wed, 06 Apr 2022 | AU$20.8b | AU$13.3b | -AU$47,958,286.00 | 57.3x | -434.4x | 1.6x |
| Fri, 04 Mar 2022 | AU$18.4b | AU$13.3b | -AU$52,733,189.00 | 44.6x | -348.2x | 1.4x |
| Sun, 30 Jan 2022 | AU$17.7b | AU$13.2b | -AU$30,826,524.00 | 35.6x | -575.2x | 1.3x |
| Tue, 28 Dec 2021 | AU$18.0b | AU$13.2b | -AU$30,650,917.00 | 36.6x | -587.8x | 1.4x |
Price to Earnings Ratio
-587.8x
Current Industry PE
- Investors are pessimistic on the Australian Chemicals industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 1.0x.
Past Earnings Growth
- The earnings for companies in the Chemicals industry have deteriorated over the last three years.
- Meanwhile revenues for these companies have grown 9.0% 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, which has caused losses to expand.
Industry Trends
Which industries have driven the changes within the Australian Materials industry?
| AU Market | -2.74% | |
| Materials | -5.16% | |
| Chemicals | -5.22% | |
| Industrial Gases | 0% | |
| Fertilizers and Agricultural Chemicals | -3.19% | |
| Commodity Chemicals | -5.19% | |
| Diversified Chemicals | -5.55% | |
| Specialty Chemicals | -7.55% | |
Industry PE
- Investors are most optimistic about the Commodity Chemicals industry even though it's trading below its 3-year average PE ratio of 23.7x.
- Analysts are expecting annual earnings growth of 10.1%, which is lower than the prior year's growth of 77.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Fertilizers and Agricultural Chemicals industry, expecting annual earnings growth of 66% over the next 5 years.
- In contrast, the Commodity Chemicals industry is expected to see its earnings grow by 10% 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 | |
|---|---|---|---|---|---|
| SPN Sparc Technologies | AU$0.16 | 6.7% +AU$958.7k | -40.7% | PS10.8x | |
| CG1 Carbonxt Group | AU$0.063 | 3.3% +AU$742.7k | -3.1% | PS1.5x | |
| TMG Trigg Minerals | AU$0.042 | 2.4% +AU$642.7k | 366.7% | PS41273.1x | |
| ANO Advance ZincTek | AU$0.77 | 0.7% +AU$312.2k | -23.9% | PS4.8x | |
| CMX ChemX Materials | AU$0.026 | 8.3% +AU$190.7k | -62.9% | n/a |