Earnings Working Against Champion Iron Limited's (ASX:CIA) Share Price
Apr 24
Australian (ASX) Steel Industry Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies40
- 7D-1.3%
- 3M-13.5%
- 1Y12.7%
- YTDn/a
Over the last 7 days, the Steel industry has dropped 1.1%, driven by a pullback from Fortescue of 1.4%. In the past year, the industry has gained 13%. Looking forward, earnings are forecast to decline by 12% per year.
Industry Valuation and Performance
Has the Australian Steel Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Apr 2024 | AU$104.2b | AU$68.7b | AU$11.6b | 8.6x | 9x | 1.5x |
| Sun, 24 Mar 2024 | AU$103.7b | AU$68.7b | AU$11.6b | 8.6x | 9x | 1.5x |
| Tue, 20 Feb 2024 | AU$117.1b | AU$65.7b | AU$10.6b | 10.5x | 11.1x | 1.8x |
| Thu, 18 Jan 2024 | AU$112.7b | AU$66.3b | AU$10.5b | 9.4x | 10.7x | 1.7x |
| Sat, 16 Dec 2023 | AU$115.5b | AU$65.4b | AU$10.3b | 8.8x | 11.2x | 1.8x |
| Mon, 13 Nov 2023 | AU$101.1b | AU$67.4b | AU$10.8b | 8.6x | 9.4x | 1.5x |
| Wed, 11 Oct 2023 | AU$92.4b | AU$67.3b | AU$10.9b | 8.6x | 8.4x | 1.4x |
| Fri, 08 Sep 2023 | AU$89.8b | AU$67.6b | AU$11.0b | 10.3x | 8.2x | 1.3x |
| Sun, 06 Aug 2023 | AU$93.3b | AU$67.9b | AU$13.4b | 6.3x | 6.9x | 1.4x |
| Tue, 04 Jul 2023 | AU$95.6b | AU$67.4b | AU$13.3b | 5.8x | 7.2x | 1.4x |
| Thu, 01 Jun 2023 | AU$84.4b | AU$68.4b | AU$13.6b | 6x | 6.2x | 1.2x |
| Sat, 29 Apr 2023 | AU$92.3b | AU$67.9b | AU$13.7b | 6.6x | 6.7x | 1.4x |
| Mon, 27 Mar 2023 | AU$87.2b | AU$63.5b | AU$12.6b | 6.3x | 6.9x | 1.4x |
| Wed, 22 Feb 2023 | AU$96.3b | AU$62.2b | AU$12.6b | 7.3x | 7.7x | 1.5x |
| Fri, 20 Jan 2023 | AU$97.0b | AU$63.0b | AU$14.4b | 7x | 6.7x | 1.5x |
| Sun, 18 Dec 2022 | AU$87.3b | AU$63.9b | AU$14.7b | 6.7x | 5.9x | 1.4x |
| Tue, 15 Nov 2022 | AU$84.6b | AU$63.4b | AU$14.6b | 6.2x | 5.8x | 1.3x |
| Thu, 13 Oct 2022 | AU$75.0b | AU$65.4b | AU$15.3b | 6.3x | 4.9x | 1.1x |
| Sat, 10 Sep 2022 | AU$79.2b | AU$62.9b | AU$14.7b | 6.1x | 5.4x | 1.3x |
| Mon, 08 Aug 2022 | AU$79.7b | AU$62.6b | AU$17.7b | 5.9x | 4.5x | 1.3x |
| Wed, 06 Jul 2022 | AU$76.8b | AU$63.1b | AU$18.0b | 4.5x | 4.3x | 1.2x |
| Fri, 03 Jun 2022 | AU$92.8b | AU$61.5b | AU$17.4b | 6.7x | 5.4x | 1.5x |
| Sun, 01 May 2022 | AU$97.4b | AU$61.1b | AU$17.1b | 6.1x | 5.7x | 1.6x |
| Tue, 29 Mar 2022 | AU$90.2b | AU$59.3b | AU$16.4b | 6.2x | 5.5x | 1.5x |
| Thu, 24 Feb 2022 | AU$85.7b | AU$59.7b | AU$16.8b | 7.8x | 5.1x | 1.4x |
| Sat, 22 Jan 2022 | AU$88.8b | AU$55.4b | AU$16.7b | 7.7x | 5.3x | 1.6x |
| Mon, 20 Dec 2021 | AU$82.2b | AU$55.8b | AU$16.9b | 7.2x | 4.9x | 1.5x |
| Wed, 17 Nov 2021 | AU$72.6b | AU$55.1b | AU$16.6b | 7.4x | 4.4x | 1.3x |
| Fri, 15 Oct 2021 | AU$68.1b | AU$54.6b | AU$16.3b | 8.6x | 4.2x | 1.2x |
| Sun, 12 Sep 2021 | AU$81.6b | AU$54.0b | AU$16.1b | 8.2x | 5.1x | 1.5x |
| Tue, 10 Aug 2021 | AU$96.1b | AU$54.5b | AU$16.1b | 11.9x | 6x | 1.8x |
| Mon, 03 May 2021 | AU$94.3b | AU$47.5b | AU$12.2b | 13.5x | 7.7x | 2x |
Price to Earnings Ratio
7.7x
Current Industry PE
- Investors are optimistic on the Australian Steel industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 9.0x which is higher than its 3-year average PE of 6.7x.
- The industry is trading close to its 3-year average PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the Steel industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 13% 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 and as a result, profits have held steady.
Industry Comparison
How does Australian Steel compare with similar industries?
| AU Market | 0.42% | |
| Materials | -0.55% | |
| Metals and Mining | -0.73% | |
| Steel | -1.31% | |
| Copper | 1.60% | |
| Precious Metals and Minerals | 0.97% | |
| Aluminum | 0.41% | |
| Diversified Metals and Mining | -0.20% | |
| Silver | -2.70% | |
| Gold | -2.94% | |
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 | |
|---|---|---|---|---|---|
| DRR Deterra Royalties | AU$4.97 | 2.1% +AU$52.9m | 8.3% | PE15.7x | |
| BCI BCI Minerals | AU$0.23 | 2.2% +AU$14.4m | 0% | PE122.2x | |
| M4M Macro Metals | AU$0.018 | 28.6% +AU$12.9m | 350.0% | PB8.6x | |
| GRR Grange Resources | AU$0.44 | 2.3% +AU$11.6m | -27.3% | PE3.4x | |
| CIA Champion Iron | AU$6.76 | 0.3% +AU$10.4m | 5.8% | PE10.5x |
