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Australian (ASX) Metals and Mining Industry Analysis
UpdatedDec 05, 2023
DataAggregated Company Financials
Companies762
- 7D1.9%
- 3M-0.04%
- 1Y-4.6%
- YTD0.09%
Over the last 7 days, the Metals and Mining industry has risen 1.9%, driven by gains from Evolution Mining of 10%. In the same time, Pilbara Minerals was down 9.8%. In the past year, the industry is down 4.6%. As for the next few years, earnings are expected to grow by 4.1% per annum.
Industry Valuation and Performance
Has the Australian Metals and Mining Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 05 Dec 2023 | AU$543.5b | AU$221.8b | AU$32.5b | 11x | 16.7x | 2.5x |
| Thu, 02 Nov 2023 | AU$521.9b | AU$228.9b | AU$34.2b | 10.4x | 15.3x | 2.3x |
| Sat, 30 Sep 2023 | AU$518.0b | AU$226.2b | AU$33.8b | 10.9x | 15.3x | 2.3x |
| Mon, 28 Aug 2023 | AU$519.8b | AU$227.2b | AU$37.6b | 10.6x | 13.8x | 2.3x |
| Wed, 26 Jul 2023 | AU$553.8b | AU$231.3b | AU$48.1b | 9.8x | 11.5x | 2.4x |
| Fri, 23 Jun 2023 | AU$554.7b | AU$231.3b | AU$48.1b | 9.9x | 11.5x | 2.4x |
| Sun, 21 May 2023 | AU$542.9b | AU$233.8b | AU$48.8b | 9.7x | 11.1x | 2.3x |
| Tue, 18 Apr 2023 | AU$565.7b | AU$232.6b | AU$48.6b | 9.7x | 11.6x | 2.4x |
| Thu, 16 Mar 2023 | AU$533.4b | AU$229.8b | AU$48.6b | 9.4x | 11x | 2.3x |
| Sat, 11 Feb 2023 | AU$569.7b | AU$225.0b | AU$52.1b | 11.7x | 10.9x | 2.5x |
| Mon, 09 Jan 2023 | AU$557.4b | AU$225.7b | AU$51.9b | 10.8x | 10.7x | 2.5x |
| Wed, 07 Dec 2022 | AU$553.8b | AU$229.2b | AU$52.9b | 11.2x | 10.5x | 2.4x |
| Fri, 04 Nov 2022 | AU$477.9b | AU$237.3b | AU$55.4b | 9.9x | 8.6x | 2x |
| Sun, 02 Oct 2022 | AU$463.5b | AU$234.8b | AU$55.1b | 8.4x | 8.4x | 2x |
| Tue, 30 Aug 2022 | AU$495.9b | AU$226.4b | AU$57.5b | 8.9x | 8.6x | 2.2x |
| Thu, 28 Jul 2022 | AU$447.2b | AU$217.6b | AU$46.6b | 9.5x | 9.6x | 2.1x |
| Sat, 25 Jun 2022 | AU$462.1b | AU$218.4b | AU$46.8b | 9x | 9.9x | 2.1x |
| Mon, 23 May 2022 | AU$550.7b | AU$215.8b | AU$46.2b | 10.7x | 11.9x | 2.6x |
| Wed, 20 Apr 2022 | AU$622.6b | AU$207.7b | AU$44.0b | 12.6x | 14.2x | 3x |
| Fri, 18 Mar 2022 | AU$546.9b | AU$209.1b | AU$44.6b | 11.4x | 12.3x | 2.6x |
| Sun, 13 Feb 2022 | AU$557.4b | AU$190.9b | AU$37.8b | 17x | 14.8x | 2.9x |
| Tue, 11 Jan 2022 | AU$534.0b | AU$190.5b | AU$38.2b | 15.9x | 14x | 2.8x |
| Thu, 09 Dec 2021 | AU$485.2b | AU$191.6b | AU$38.5b | 14.5x | 12.6x | 2.5x |
| Sat, 06 Nov 2021 | AU$444.2b | AU$186.0b | AU$37.1b | 14.8x | 12x | 2.4x |
| Mon, 04 Oct 2021 | AU$428.7b | AU$188.5b | AU$37.8b | 12.4x | 11.3x | 2.3x |
| Wed, 01 Sep 2021 | AU$489.8b | AU$183.9b | AU$37.2b | 12.9x | 13.2x | 2.7x |
| Thu, 08 Jul 2021 | AU$484.7b | AU$183.2b | AU$37.2b | 12.6x | 13x | 2.6x |
| Wed, 31 Mar 2021 | AU$444.4b | AU$162.4b | AU$29.2b | 11.9x | 15.2x | 2.7x |
| Sat, 02 Jan 2021 | AU$430.2b | AU$144.7b | AU$21.3b | 14.3x | 20.2x | 3x |
Price to Earnings Ratio
20.2x
Current Industry PE
- Investors are optimistic on the Australian Metals and Mining industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 16.7x which is higher than its 3-year average PE of 13.0x.
- The industry is trading close to its 3-year average PS ratio of 2.5x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have grown 15% per year over the last three years.
- Revenues for these companies have grown 15% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Australian Materials industry?
| AU Market | 1.78% | |
| Materials | 2.07% | |
| Metals and Mining | 1.94% | |
| Silver | 14.71% | |
| Gold | 7.02% | |
| Aluminum | 3.68% | |
| Steel | 3.05% | |
| Precious Metals and Minerals | 1.68% | |
| Diversified Metals and Mining | 0.57% | |
| Copper | 0.56% | |
Industry PE
- Investors are most optimistic about the Gold industry which is trading above its 3-year average PE ratio of 52.3x.
- Analysts are expecting annual earnings growth of 21.4%, which is higher than its past year's earnings decline of 17.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Aluminum industry, expecting annual earnings growth of 72% over the next 5 years.
- This is better than its past earnings decline of 29% per year.
- In contrast, the Steel industry is expected to see its earnings decline by 12% 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 | |
|---|---|---|---|---|---|
| FMG Fortescue | AU$25.07 | 0.8% +AU$584.4m | 21.1% | PE10.5x | |
| EVN Evolution Mining | AU$4.14 | 7.3% +AU$514.5m | 46.8% | PE46.5x | |
| BHP BHP Group | AU$46.52 | 0.2% +AU$456.0m | -0.09% | PE12x | |
| BSL BlueScope Steel | AU$21.15 | 3.7% +AU$314.4m | 16.5% | PE9.1x | |
| NST Northern Star Resources | AU$12.38 | 2.0% +AU$275.4m | 15.7% | PE24.3x |
