Pilbara Minerals Limited's (ASX:PLS) Share Price Is Matching Sentiment Around Its Earnings
Sep 18
Australian (ASX) Diversified Metals and Mining Industry Analysis
UpdatedSep 23, 2023
DataAggregated Company Financials
Companies508
- 7D-3.4%
- 3M-5.6%
- 1Y2.2%
- YTD-5.5%
Over the last 7 days, the Diversified Metals and Mining industry has dropped 3.4%, driven by BHP Group declining 2.9%. Meanwhile, Wildcat Resources actually outperformed within the industry, gaining 65% in the last week. As for the longer term, the industry's performance has been flat for the past year. Looking forward, earnings are forecast to grow by 4.5% annually.
Industry Valuation and Performance
Has the Australian Diversified Metals and Mining Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 23 Sep 2023 | AU$341.0b | AU$130.2b | AU$21.7b | 8.4x | 15.7x | 2.6x |
| Mon, 21 Aug 2023 | AU$343.6b | AU$141.6b | AU$35.3b | 8.4x | 9.7x | 2.4x |
| Wed, 19 Jul 2023 | AU$361.9b | AU$134.7b | AU$33.5b | 9.2x | 10.8x | 2.7x |
| Fri, 16 Jun 2023 | AU$366.0b | AU$134.8b | AU$33.6b | 8.7x | 10.9x | 2.7x |
| Sun, 14 May 2023 | AU$355.3b | AU$137.5b | AU$34.2b | 8.5x | 10.4x | 2.6x |
| Tue, 11 Apr 2023 | AU$352.8b | AU$137.5b | AU$34.2b | 8.4x | 10.3x | 2.6x |
| Thu, 09 Mar 2023 | AU$376.3b | AU$137.8b | AU$34.9b | 9.4x | 10.8x | 2.7x |
| Sat, 04 Feb 2023 | AU$390.3b | AU$132.7b | AU$34.7b | 11.9x | 11.2x | 2.9x |
| Mon, 02 Jan 2023 | AU$358.6b | AU$136.6b | AU$35.4b | 9.7x | 10.1x | 2.6x |
| Wed, 30 Nov 2022 | AU$364.7b | AU$138.8b | AU$36.1b | 10.6x | 10.1x | 2.6x |
| Fri, 28 Oct 2022 | AU$337.5b | AU$141.9b | AU$37.0b | 10.5x | 9.1x | 2.4x |
| Sun, 25 Sep 2022 | AU$326.9b | AU$141.1b | AU$37.1b | 10.5x | 8.8x | 2.3x |
| Tue, 23 Aug 2022 | AU$337.1b | AU$127.3b | AU$31.9b | 11.9x | 10.6x | 2.6x |
| Thu, 21 Jul 2022 | AU$295.3b | AU$130.2b | AU$25.2b | 10.9x | 11.7x | 2.3x |
| Sat, 18 Jun 2022 | AU$327.3b | AU$128.8b | AU$24.9b | 10.2x | 13.1x | 2.5x |
| Mon, 16 May 2022 | AU$354.8b | AU$129.7b | AU$25.1b | 13x | 14.1x | 2.7x |
| Wed, 13 Apr 2022 | AU$406.1b | AU$122.1b | AU$23.5b | 13.9x | 17.3x | 3.3x |
| Fri, 11 Mar 2022 | AU$384.3b | AU$123.4b | AU$23.8b | 18.4x | 16.1x | 3.1x |
| Sun, 06 Feb 2022 | AU$365.2b | AU$110.9b | AU$16.9b | 22.8x | 21.7x | 3.3x |
| Tue, 04 Jan 2022 | AU$338.6b | AU$109.3b | AU$16.5b | 22.8x | 20.5x | 3.1x |
| Thu, 02 Dec 2021 | AU$319.6b | AU$111.6b | AU$17.0b | 23.5x | 18.8x | 2.9x |
| Sat, 30 Oct 2021 | AU$294.2b | AU$106.4b | AU$16.2b | 24.3x | 18.1x | 2.8x |
| Mon, 27 Sep 2021 | AU$217.2b | AU$109.5b | AU$16.9b | 16.1x | 12.8x | 2x |
| Wed, 25 Aug 2021 | AU$319.8b | AU$105.9b | AU$16.5b | 16.2x | 19.3x | 3x |
| Thu, 01 Jul 2021 | AU$305.4b | AU$105.2b | AU$16.5b | 14.3x | 18.5x | 2.9x |
| Sun, 04 Apr 2021 | AU$283.2b | AU$92.3b | AU$12.7b | 15.6x | 22.4x | 3.1x |
| Wed, 06 Jan 2021 | AU$258.1b | AU$81.9b | AU$8.7b | 15.5x | 29.6x | 3.2x |
| Sat, 10 Oct 2020 | AU$212.2b | AU$84.7b | AU$9.9b | 11.9x | 21.5x | 2.5x |
Price to Earnings Ratio
21.5x
Current Industry PE
- Investors are relatively neutral on the Australian Diversified Metals and Mining industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 16.9x.
- The industry is trading close to its 3-year average PS ratio of 2.8x.
Past Earnings Growth
- The earnings for companies in the Diversified Metals and Mining industry have grown 30% 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 Comparison
How does Australian Diversified Metals and Mining compare with similar industries?
| AU Market | -2.73% | |
| Materials | -2.84% | |
| Metals and Mining | -2.65% | |
| Diversified Metals and Mining | -3.38% | |
| Silver | 0% | |
| Gold | -1.05% | |
| Precious Metals and Minerals | -1.18% | |
| Copper | -1.23% | |
| Steel | -1.41% | |
| Aluminum | -2.12% | |
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 | |
|---|---|---|---|---|---|
| WC8 Wildcat Resources | AU$0.40 | 64.6% +AU$103.2m | 1,061.8% | PS3352.5x | |
| MEI Meteoric Resources | AU$0.24 | 9.1% +AU$38.8m | 1,614.3% | PB16.1x | |
| MGV Musgrave Minerals | AU$0.40 | 17.9% +AU$35.5m | 68.1% | PS2340.9x | |
| BLY Boart Longyear Group | AU$1.49 | 6.4% +AU$26.6m | -32.3% | PE7.9x | |
| GNG GR Engineering Services | AU$2.15 | 5.4% +AU$18.1m | -4.4% | PE12.9x |
