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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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 05 Dec 2023AU$543.5bAU$221.8bAU$32.5b11x16.7x2.5x
Thu, 02 Nov 2023AU$521.9bAU$228.9bAU$34.2b10.4x15.3x2.3x
Sat, 30 Sep 2023AU$518.0bAU$226.2bAU$33.8b10.9x15.3x2.3x
Mon, 28 Aug 2023AU$519.8bAU$227.2bAU$37.6b10.6x13.8x2.3x
Wed, 26 Jul 2023AU$553.8bAU$231.3bAU$48.1b9.8x11.5x2.4x
Fri, 23 Jun 2023AU$554.7bAU$231.3bAU$48.1b9.9x11.5x2.4x
Sun, 21 May 2023AU$542.9bAU$233.8bAU$48.8b9.7x11.1x2.3x
Tue, 18 Apr 2023AU$565.7bAU$232.6bAU$48.6b9.7x11.6x2.4x
Thu, 16 Mar 2023AU$533.4bAU$229.8bAU$48.6b9.4x11x2.3x
Sat, 11 Feb 2023AU$569.7bAU$225.0bAU$52.1b11.7x10.9x2.5x
Mon, 09 Jan 2023AU$557.4bAU$225.7bAU$51.9b10.8x10.7x2.5x
Wed, 07 Dec 2022AU$553.8bAU$229.2bAU$52.9b11.2x10.5x2.4x
Fri, 04 Nov 2022AU$477.9bAU$237.3bAU$55.4b9.9x8.6x2x
Sun, 02 Oct 2022AU$463.5bAU$234.8bAU$55.1b8.4x8.4x2x
Tue, 30 Aug 2022AU$495.9bAU$226.4bAU$57.5b8.9x8.6x2.2x
Thu, 28 Jul 2022AU$447.2bAU$217.6bAU$46.6b9.5x9.6x2.1x
Sat, 25 Jun 2022AU$462.1bAU$218.4bAU$46.8b9x9.9x2.1x
Mon, 23 May 2022AU$550.7bAU$215.8bAU$46.2b10.7x11.9x2.6x
Wed, 20 Apr 2022AU$622.6bAU$207.7bAU$44.0b12.6x14.2x3x
Fri, 18 Mar 2022AU$546.9bAU$209.1bAU$44.6b11.4x12.3x2.6x
Sun, 13 Feb 2022AU$557.4bAU$190.9bAU$37.8b17x14.8x2.9x
Tue, 11 Jan 2022AU$534.0bAU$190.5bAU$38.2b15.9x14x2.8x
Thu, 09 Dec 2021AU$485.2bAU$191.6bAU$38.5b14.5x12.6x2.5x
Sat, 06 Nov 2021AU$444.2bAU$186.0bAU$37.1b14.8x12x2.4x
Mon, 04 Oct 2021AU$428.7bAU$188.5bAU$37.8b12.4x11.3x2.3x
Wed, 01 Sep 2021AU$489.8bAU$183.9bAU$37.2b12.9x13.2x2.7x
Thu, 08 Jul 2021AU$484.7bAU$183.2bAU$37.2b12.6x13x2.6x
Wed, 31 Mar 2021AU$444.4bAU$162.4bAU$29.2b11.9x15.2x2.7x
Sat, 02 Jan 2021AU$430.2bAU$144.7bAU$21.3b14.3x20.2x3x
Price to Earnings Ratio

20.2x


Total Market Cap: AU$430.2bTotal Earnings: AU$21.3bTotal Revenue: AU$144.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Metals and Mining Industry Price to Earnings3Y Average 13x20222023
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 Market1.78%
Materials2.07%
Metals and Mining1.94%
Silver14.71%
Gold7.02%
Aluminum3.68%
Steel3.05%
Precious Metals and Minerals1.68%
Diversified Metals and Mining0.57%
Copper0.56%
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?

CompanyLast Price7D1YValuation
FMG FortescueAU$25.070.8%
+AU$584.4m
21.1%PE10.5x
EVN Evolution MiningAU$4.147.3%
+AU$514.5m
46.8%PE46.5x
BHP BHP GroupAU$46.520.2%
+AU$456.0m
-0.09%PE12x
BSL BlueScope SteelAU$21.153.7%
+AU$314.4m
16.5%PE9.1x
NST Northern Star ResourcesAU$12.382.0%
+AU$275.4m
15.7%PE24.3x
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Latest News

EVN

AU$4.14

Evolution Mining

7D

7.3%

1Y

46.8%

BGL

AU$1.81

Bellevue Gold

7D

13.5%

1Y

49.6%

PRU

AU$1.93

Perseus Mining

7D

6.6%

1Y

-14.1%

MIN

AU$57.32

Mineral Resources

7D

-6.9%

1Y

-35.9%

LTR

AU$1.24

Liontown Resources

7D

-9.2%

1Y

-37.2%

FMG

AU$25.07

Fortescue

7D

0.8%

1Y

21.1%

S32

AU$3.06

South32

7D

-1.3%

1Y

-28.8%

CXO

AU$0.23

Core Lithium

7D

-27.0%

1Y

-82.3%

IGO

AU$7.49

IGO

7D

-11.0%

1Y

-51.4%

BHP

AU$46.52

BHP Group

7D

0.2%

1Y

-0.09%

LYC

AU$6.24

Lynas Rare Earths

7D

-5.5%

1Y

-28.1%

WC8

AU$0.66

Wildcat Resources

7D

-21.4%

1Y

2,137.3%

PLS

AU$3.23

Pilbara Minerals

7D

-9.8%

1Y

-29.9%

ZIM

AU$21.50

Zimplats Holdings

7D

6.0%

1Y

-23.1%