Ora Banda Mining Limited's (ASX:OBM) Price Is Right But Growth Is Lacking After Shares Rocket 34%
Oct 18
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Australian (ASX) Metals and Mining Industry Analysis
UpdatedOct 19, 2024
DataAggregated Company Financials
Companies696
- 7D-0.6%
- 3M1.6%
- 1Y-1.7%
- YTD-14.0%
Last week, the Metals and Mining industry hasn't moved much but Northern Star Resources is up 7.0% in that time. Furthermore, the industry has been flat for the past year as well. As for the next few years, earnings are expected to grow by 9.8% 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 |
|---|---|---|---|---|---|---|
| Sat, 19 Oct 2024 | AU$471.1b | AU$203.3b | AU$20.2b | 12.7x | 23.3x | 2.3x |
| Mon, 16 Sep 2024 | AU$431.4b | AU$204.1b | AU$20.0b | 14.9x | 21.6x | 2.1x |
| Wed, 14 Aug 2024 | AU$433.8b | AU$209.8b | AU$21.2b | 12.8x | 20.5x | 2.1x |
| Fri, 12 Jul 2024 | AU$474.2b | AU$206.3b | AU$20.4b | 14x | 23.2x | 2.3x |
| Sun, 09 Jun 2024 | AU$497.0b | AU$210.8b | AU$21.1b | 14.4x | 23.6x | 2.4x |
| Tue, 07 May 2024 | AU$495.3b | AU$210.3b | AU$21.3b | 14.2x | 23.3x | 2.4x |
| Thu, 04 Apr 2024 | AU$494.8b | AU$214.6b | AU$21.6b | 13x | 22.9x | 2.3x |
| Sat, 02 Mar 2024 | AU$493.6b | AU$212.8b | AU$22.3b | 13.7x | 22.2x | 2.3x |
| Mon, 29 Jan 2024 | AU$551.6b | AU$223.2b | AU$32.8b | 12x | 16.8x | 2.5x |
| Wed, 27 Dec 2023 | AU$579.7b | AU$218.8b | AU$31.9b | 11.7x | 18.2x | 2.6x |
| Fri, 24 Nov 2023 | AU$540.0b | AU$223.7b | AU$32.9b | 10.5x | 16.4x | 2.4x |
| Sun, 22 Oct 2023 | AU$516.7b | AU$229.5b | AU$34.3b | 9.9x | 15.1x | 2.3x |
| Tue, 19 Sep 2023 | AU$535.3b | AU$226.5b | AU$33.9b | 11.4x | 15.8x | 2.4x |
| Thu, 17 Aug 2023 | AU$518.3b | AU$238.4b | AU$49.6b | 10x | 10.4x | 2.2x |
| Sat, 15 Jul 2023 | AU$561.9b | AU$228.8b | AU$47.4b | 10.3x | 11.9x | 2.5x |
| Mon, 12 Jun 2023 | AU$541.3b | AU$231.8b | AU$48.3b | 10.1x | 11.2x | 2.3x |
| Wed, 10 May 2023 | AU$547.4b | AU$231.4b | AU$48.3b | 9.7x | 11.3x | 2.4x |
| Fri, 07 Apr 2023 | AU$543.1b | AU$232.9b | AU$48.7b | 9.3x | 11.1x | 2.3x |
| Sun, 05 Mar 2023 | AU$566.4b | AU$226.7b | AU$47.9b | 9.8x | 11.8x | 2.5x |
| Tue, 31 Jan 2023 | AU$585.8b | AU$221.5b | AU$50.6b | 12x | 11.6x | 2.6x |
| Thu, 29 Dec 2022 | AU$534.1b | AU$227.9b | AU$52.5b | 10.8x | 10.2x | 2.3x |
| Sat, 26 Nov 2022 | AU$525.8b | AU$228.5b | AU$52.7b | 11x | 10x | 2.3x |
| Mon, 24 Oct 2022 | AU$466.9b | AU$238.8b | AU$55.9b | 9.4x | 8.3x | 2x |
| Wed, 21 Sep 2022 | AU$483.3b | AU$229.0b | AU$53.9b | 8.8x | 9x | 2.1x |
| Fri, 19 Aug 2022 | AU$493.9b | AU$223.0b | AU$47.5b | 10.2x | 10.4x | 2.2x |
| Sun, 17 Jul 2022 | AU$421.6b | AU$220.8b | AU$47.4b | 8.3x | 8.9x | 1.9x |
| Tue, 14 Jun 2022 | AU$531.1b | AU$215.1b | AU$45.9b | 9.8x | 11.6x | 2.5x |
| Thu, 12 May 2022 | AU$527.7b | AU$217.8b | AU$46.8b | 10.3x | 11.3x | 2.4x |
| Sat, 09 Apr 2022 | AU$604.0b | AU$205.7b | AU$43.4b | 11.5x | 13.9x | 2.9x |
| Mon, 07 Mar 2022 | AU$575.5b | AU$206.4b | AU$44.1b | 14.7x | 13x | 2.8x |
| Wed, 02 Feb 2022 | AU$519.3b | AU$192.9b | AU$38.8b | 15.9x | 13.4x | 2.7x |
| Fri, 31 Dec 2021 | AU$510.1b | AU$188.9b | AU$37.8b | 16x | 13.5x | 2.7x |
| Sun, 28 Nov 2021 | AU$466.4b | AU$191.5b | AU$38.5b | 14.6x | 12.1x | 2.4x |
| Tue, 26 Oct 2021 | AU$456.3b | AU$184.1b | AU$36.7b | 14.6x | 12.4x | 2.5x |
Price to Earnings Ratio
12.4x
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 23.3x which is higher than its 3-year average PE of 14.5x.
- The industry is trading close to its 3-year average PS ratio of 2.4x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have declined 18% per year over the last three years.
- Meanwhile revenues for these companies have grown 3.4% 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, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Australian Materials industry?
| AU Market | 0.64% | |
| Materials | -0.45% | |
| Metals and Mining | -0.59% | |
| Aluminum | 12.71% | |
| Silver | 11.39% | |
| Gold | 8.70% | |
| Steel | -0.15% | |
| Copper | -1.20% | |
| Diversified Metals and Mining | -2.78% | |
| Precious Metals and Minerals | -4.40% | |
Industry PE
- Investors are most optimistic about the Gold industry even though it's trading below its 3-year average PE ratio of 61.5x.
- Analysts are expecting annual earnings growth of 22.0%, which is lower than the prior year's growth of 42.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Precious Metals and Minerals industry, expecting annual earnings growth of 83% over the next 5 years.
- This is better than its past earnings decline of 96% per year.
- In contrast, the Steel industry is expected to see its earnings decline by 16% 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 | |
|---|---|---|---|---|---|
| NST Northern Star Resources | AU$17.08 | 7.0% +AU$1.3b | 40.8% | PE30.7x | |
| EVN Evolution Mining | AU$5.04 | 10.3% +AU$934.9m | 37.0% | PE23.7x | |
| WGX Westgold Resources | AU$3.11 | 22.0% +AU$528.1m | 54.7% | PE30.8x | |
| S32 South32 | AU$3.70 | 2.8% +AU$443.6m | 9.8% | PS2x | |
| RRL Regis Resources | AU$2.65 | 22.7% +AU$370.2m | 61.6% | PS1.6x |
