Should You Think About Buying REA Group Limited (ASX:REA) Now?
REA Group Limited ( ASX:REA ) saw significant share price movement during recent months on the ASX, rising to highs of...
Has the Australian Interactive Media and Services Industry valuation changed over the past few years?
|Tue, 07 Dec 2021||AU$45.5b||AU$2.7b||AU$532.7m||60.1x|
|Thu, 04 Nov 2021||AU$46.3b||AU$2.7b||AU$532.9m||61x|
|Sat, 02 Oct 2021||AU$43.8b||AU$2.7b||AU$527.3m||58.7x|
|Mon, 30 Aug 2021||AU$43.6b||AU$2.7b||AU$531.4m||53.2x|
|Tue, 06 Jul 2021||AU$44.7b||AU$2.7b||AU$531.4m||42.6x|
|Fri, 09 Apr 2021||AU$37.7b||AU$2.5b||AU$187.8m||15.6x|
|Thu, 31 Dec 2020||AU$38.8b||AU$3.2b||-AU$139,347,224.93||18.7x|
|Sun, 04 Oct 2020||AU$30.1b||AU$3.2b||-AU$136,882,555.03||34.1x|
|Wed, 08 Jul 2020||AU$28.9b||AU$2.3b||-AU$149,464,853.61||37.6x|
|Tue, 31 Mar 2020||AU$19.9b||AU$2.9b||AU$211.5m||55.9x|
|Fri, 03 Jan 2020||AU$28.5b||AU$3.4b||AU$545.2m||50.5x|
|Mon, 07 Oct 2019||AU$28.1b||AU$3.4b||AU$386.8m||44.7x|
|Sun, 30 Jun 2019||AU$25.8b||AU$3.3b||AU$229.0m||41.3x|
|Wed, 03 Apr 2019||AU$21.0b||AU$3.2b||AU$206.9m||49.4x|
|Sat, 05 Jan 2019||AU$20.0b||AU$3.2b||AU$139.9m||50.4x|
Current Industry PE: Investors are more optimistic on the industry, considering it's trading at a PE ratio of 60.1x which is higher than its 3-year average PE of 43.8x. It appears they are confident that earnings will grow faster in the future than they have historically.
Past Earnings Growth: The earnings for companies in the Interactive Media and Services industry have grown 56% per year over the last three years, while revenues for these companies have declined 5.6% per year. This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Which industries have driven the changes within the Australian Interactive Media and Services industry?
|Interactive Media and Services||0.096%|
Industry PE: Investors are most optimistic about the Interactive Media and Services industry which is trading above its 3-year average PE ratio of 43.8x. However analysts are expecting annual earnings growth of 17%, which is lower than the prior year's growth of 98% per year. So the market might believe that analysts are underestimating future growth.
Forecasted Growth: Analysts are most optimistic on the Interactive Media and Services industry, expecting annual earnings growth of 17% over the next 5 years. However this is lower than its past earnings growth rate of 98% per year.
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