Narrative Update • Jun 05
Have your own idea? Try our Stock Screener
- 7D-7.1%
- 3M1.0%
- 1Y48.6%
- YTD9.3%
Over the last 7 days, the Metals and Mining industry has dropped 7.1%, driven by BHP Group declining 7.3%. On the other hand Trek Metals is actually up 15%. This takes the industry's 12 month performance to a gain of 49%. As for the next few years, earnings are expected to grow by 15% 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 |
|---|---|---|---|---|---|---|
| Wed, 10 Jun 2026 | AU$691.9b | AU$205.4b | AU$25.7b | 11.5x | 26.9x | 3.4x |
| Fri, 08 May 2026 | AU$692.8b | AU$200.9b | AU$25.2b | 12.8x | 27.5x | 3.4x |
| Sun, 05 Apr 2026 | AU$647.7b | AU$207.8b | AU$26.3b | 12.8x | 24.6x | 3.1x |
| Tue, 03 Mar 2026 | AU$746.6b | AU$202.1b | AU$24.4b | 22x | 30.6x | 3.7x |
| Thu, 29 Jan 2026 | AU$707.6b | AU$191.6b | AU$18.2b | 27.2x | 38.8x | 3.7x |
| Sat, 27 Dec 2025 | AU$628.7b | AU$196.9b | AU$19.1b | 23x | 33x | 3.2x |
| Mon, 24 Nov 2025 | AU$550.5b | AU$202.3b | AU$19.5b | 19.6x | 28.2x | 2.7x |
| Wed, 22 Oct 2025 | AU$588.9b | AU$201.9b | AU$19.3b | 21.9x | 30.5x | 2.9x |
| Fri, 19 Sep 2025 | AU$509.6b | AU$199.3b | AU$19.2b | 15.4x | 26.6x | 2.6x |
| Sun, 17 Aug 2025 | AU$503.2b | AU$204.8b | AU$21.8b | 14.4x | 23.1x | 2.5x |
| Tue, 15 Jul 2025 | AU$461.5b | AU$203.3b | AU$21.4b | 13.6x | 21.6x | 2.3x |
| Thu, 12 Jun 2025 | AU$454.4b | AU$204.7b | AU$21.6b | 12.1x | 21x | 2.2x |
| Sat, 10 May 2025 | AU$431.8b | AU$206.8b | AU$22.0b | 12.4x | 19.7x | 2.1x |
| Mon, 07 Apr 2025 | AU$405.2b | AU$215.4b | AU$23.5b | 11.5x | 17.3x | 1.9x |
| Wed, 05 Mar 2025 | AU$433.7b | AU$210.1b | AU$22.6b | 12.5x | 19.2x | 2.1x |
| Fri, 31 Jan 2025 | AU$446.8b | AU$213.8b | AU$21.7b | 13x | 20.6x | 2.1x |
| Sun, 29 Dec 2024 | AU$438.1b | AU$214.1b | AU$21.7b | 13.1x | 20.2x | 2x |
| Tue, 26 Nov 2024 | AU$449.0b | AU$207.5b | AU$20.7b | 11.7x | 21.7x | 2.2x |
| Thu, 24 Oct 2024 | AU$474.9b | AU$204.6b | AU$20.4b | 12.9x | 23.2x | 2.3x |
| Sat, 21 Sep 2024 | AU$437.3b | AU$201.8b | AU$20.1b | 12.6x | 21.8x | 2.2x |
| Mon, 19 Aug 2024 | AU$428.7b | AU$209.0b | AU$21.2b | 12.7x | 20.2x | 2.1x |
| Wed, 17 Jul 2024 | AU$475.4b | AU$206.5b | AU$20.5b | 14.4x | 23.2x | 2.3x |
| Fri, 14 Jun 2024 | AU$476.1b | AU$209.4b | AU$20.9b | 14.1x | 22.8x | 2.3x |
| Sun, 12 May 2024 | AU$496.6b | AU$210.6b | AU$21.1b | 14.5x | 23.5x | 2.4x |
| Tue, 09 Apr 2024 | AU$494.4b | AU$212.8b | AU$21.4b | 13.1x | 23.1x | 2.3x |
| Thu, 07 Mar 2024 | AU$490.0b | AU$213.4b | AU$22.1b | 12.5x | 22.1x | 2.3x |
| Sat, 03 Feb 2024 | AU$556.5b | AU$222.9b | AU$32.8b | 11.9x | 17x | 2.5x |
| Mon, 01 Jan 2024 | AU$590.1b | AU$218.4b | AU$31.8b | 12.5x | 18.5x | 2.7x |
| Wed, 29 Nov 2023 | AU$535.6b | AU$222.5b | AU$32.7b | 11.1x | 16.4x | 2.4x |
| Fri, 27 Oct 2023 | AU$520.1b | AU$229.8b | AU$34.4b | 10.3x | 15.1x | 2.3x |
| Sun, 24 Sep 2023 | AU$523.2b | AU$226.3b | AU$33.8b | 11.2x | 15.5x | 2.3x |
| Tue, 22 Aug 2023 | AU$519.2b | AU$239.1b | AU$49.6b | 10.3x | 10.5x | 2.2x |
| Thu, 20 Jul 2023 | AU$551.4b | AU$231.3b | AU$48.1b | 10.3x | 11.5x | 2.4x |
| Sat, 17 Jun 2023 | AU$558.7b | AU$228.8b | AU$47.4b | 10x | 11.8x | 2.4x |
Price to Earnings Ratio
11.8x
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 26.9x which is higher than its 3-year average PE of 22.1x.
- The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 3.4x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have declined 18% per year over the last three years,
- Revenues have also declined 3.5% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Australian Materials industry?
| AU Market | -1.58% | |
| Materials | -6.73% | |
| Metals and Mining | -7.12% | |
| Aluminum | -5.58% | |
| Precious Metals and Minerals | -6.07% | |
| Diversified Metals and Mining | -6.35% | |
| Steel | -7.65% | |
| Copper | -7.97% | |
| Gold | -9.20% | |
| Silver | -17.53% | |
Industry PE
- Investors are most optimistic about the Copper industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 26.9%, which is lower than the prior year's growth of 111.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Copper industry, expecting annual earnings growth of 27% over the next 5 years.
- However this is lower than its past earnings growth rate of 111% per year.
- In contrast, the Silver industry is expected to see its earnings decline by 5.9% 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 | |
|---|---|---|---|---|---|
| TKM Trek Metals | AU$0.19 | 15.2% +AU$18.2m | 160.3% | PB5.7x | |
| ZNC Zenith Minerals | AU$0.11 | 27.9% +AU$14.4m | 182.1% | PS225.3x | |
| OMH OM Holdings | AU$0.23 | 6.8% +AU$11.5m | -21.7% | PS0.2x | |
| SUH Southern Hemisphere Mining | AU$0.037 | 60.9% +AU$10.3m | 37.0% | PB24.5x | |
| M4M Macro Metals | AU$0.008 | 33.3% +AU$9.2m | -42.9% | PS128.3x |