Analysis Article • Aug 28
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- 7D-1.8%
- 3M0.7%
- 1Y43.3%
- YTD18.5%
Over the last 7 days, the Metals and Mining industry has dropped 1.8%, driven by BHP Group declining 1.3%. This takes the industry's 12 month performance to a gain of 43%. Looking forward, earnings are forecast to grow by 12% annually.
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, 01 Sep 2026 | AU$753.0b | AU$220.0b | AU$30.0b | 12.8x | 25.1x | 3.4x |
| Thu, 30 Jul 2026 | AU$667.0b | AU$207.2b | AU$26.0b | 10.9x | 25.6x | 3.2x |
| Sat, 27 Jun 2026 | AU$678.3b | AU$207.9b | AU$26.1b | 11.3x | 25.9x | 3.3x |
| Mon, 25 May 2026 | AU$709.2b | AU$203.6b | AU$25.4b | 12.6x | 27.9x | 3.5x |
| Wed, 22 Apr 2026 | AU$705.6b | AU$202.9b | AU$25.5b | 13.7x | 27.7x | 3.5x |
| Fri, 20 Mar 2026 | AU$608.6b | AU$204.9b | AU$26.1b | 13.2x | 23.3x | 3x |
| Sun, 15 Feb 2026 | AU$678.6b | AU$191.9b | AU$18.9b | 24.2x | 35.8x | 3.5x |
| Tue, 13 Jan 2026 | AU$653.9b | AU$196.9b | AU$19.0b | 24.8x | 34.4x | 3.3x |
| Thu, 11 Dec 2025 | AU$599.2b | AU$198.6b | AU$19.0b | 21.8x | 31.6x | 3x |
| Sat, 08 Nov 2025 | AU$552.4b | AU$201.8b | AU$19.5b | 20x | 28.3x | 2.7x |
| Mon, 06 Oct 2025 | AU$556.6b | AU$199.8b | AU$19.0b | 21.8x | 29.2x | 2.8x |
| Wed, 03 Sep 2025 | AU$516.9b | AU$202.3b | AU$19.5b | 15.7x | 26.6x | 2.6x |
| Fri, 01 Aug 2025 | AU$455.8b | AU$206.1b | AU$21.9b | 13.6x | 20.8x | 2.2x |
| Sun, 29 Jun 2025 | AU$439.9b | AU$204.4b | AU$21.6b | 12.9x | 20.3x | 2.2x |
| Tue, 27 May 2025 | AU$448.8b | AU$204.7b | AU$21.6b | 12.4x | 20.7x | 2.2x |
| Thu, 24 Apr 2025 | AU$421.8b | AU$206.9b | AU$22.0b | 11.9x | 19.2x | 2x |
| Sat, 22 Mar 2025 | AU$433.8b | AU$209.6b | AU$22.3b | 11.4x | 19.4x | 2.1x |
| Mon, 17 Feb 2025 | AU$461.0b | AU$213.0b | AU$22.3b | 13.5x | 20.7x | 2.2x |
| Wed, 15 Jan 2025 | AU$447.2b | AU$214.9b | AU$21.8b | 11.9x | 20.5x | 2.1x |
| Fri, 13 Dec 2024 | AU$464.5b | AU$209.8b | AU$21.0b | 13x | 22.1x | 2.2x |
| Sun, 10 Nov 2024 | AU$475.1b | AU$206.0b | AU$20.6b | 12.1x | 23.1x | 2.3x |
| Tue, 08 Oct 2024 | AU$483.7b | AU$201.9b | AU$20.0b | 12x | 24.1x | 2.4x |
| Thu, 05 Sep 2024 | AU$412.5b | AU$204.0b | AU$19.9b | 12.9x | 20.7x | 2x |
| Sat, 03 Aug 2024 | AU$444.5b | AU$211.7b | AU$21.5b | 13.3x | 20.7x | 2.1x |
| Mon, 01 Jul 2024 | AU$461.9b | AU$208.1b | AU$20.7b | 13.4x | 22.3x | 2.2x |
| Wed, 29 May 2024 | AU$510.2b | AU$209.3b | AU$21.0b | 14.9x | 24.3x | 2.4x |
| Fri, 26 Apr 2024 | AU$499.5b | AU$213.0b | AU$21.6b | 13.7x | 23.1x | 2.3x |
| Sun, 24 Mar 2024 | AU$481.7b | AU$214.3b | AU$21.8b | 12.2x | 22.1x | 2.2x |
| Tue, 20 Feb 2024 | AU$500.8b | AU$208.1b | AU$30.3b | 11.9x | 16.5x | 2.4x |
| Thu, 18 Jan 2024 | AU$539.9b | AU$223.7b | AU$32.9b | 11.7x | 16.4x | 2.4x |
| Sat, 16 Dec 2023 | AU$567.7b | AU$220.4b | AU$32.2b | 11.1x | 17.6x | 2.6x |
| Mon, 13 Nov 2023 | AU$524.2b | AU$228.2b | AU$33.8b | 10.3x | 15.5x | 2.3x |
| Wed, 11 Oct 2023 | AU$516.8b | AU$227.3b | AU$33.9b | 10.3x | 15.3x | 2.3x |
| Fri, 08 Sep 2023 | AU$521.8b | AU$228.0b | AU$34.4b | 12.1x | 15.2x | 2.3x |
Price to Earnings Ratio
15.2x
Current Industry PE
- Investors are relatively neutral on the Australian 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 23.2x.
- The 3-year average PS ratio of 2.6x 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 4.4% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Australian Materials industry?
| AU Market | -0.43% | |
| Materials | -1.73% | |
| Metals and Mining | -1.78% | |
| Precious Metals and Minerals | 5.58% | |
| Silver | 3.10% | |
| Copper | 1.64% | |
| Steel | -0.82% | |
| Diversified Metals and Mining | -1.39% | |
| Gold | -3.65% | |
| Aluminum | -5.36% | |
Industry PE
- Investors are most optimistic about the Diversified Metals and Mining industry, which is trading close to its 3-year average PE ratio of 29.2x.
- Analysts are expecting annual earnings growth of 11.8%, which is lower than the prior year's growth of 22.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Gold industry, expecting annual earnings growth of 19% over the next 5 years.
- However this is lower than its past earnings growth rate of 112% per year.
- In contrast, the Silver industry is expected to see its earnings decline by 34% 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 | |
|---|---|---|---|---|---|
| PLS PLS Group | AU$5.48 | 6.6% +AU$1.1b | 135.2% | PE33.6x | |
| PRU Perseus Mining | AU$6.61 | 7.8% +AU$637.0m | 60.8% | PE14.7x | |
| S32 South32 | AU$5.24 | 2.1% +AU$516.9m | 93.4% | PE15.9x | |
| LTR Liontown | AU$1.31 | 7.9% +AU$302.0m | 45.0% | PE44.8x | |
| SMR Stanmore Resources | AU$2.92 | 12.7% +AU$297.5m | 57.0% | PS0.9x |
