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Australian (ASX) Market Analysis & Valuation

UpdatedJul 02, 2024
DataAggregated Company Financials
Companies1678
  • 7D0.2%
  • 3M-2.0%
  • 1Y7.5%
  • YTD1.6%

The Energy sector gained 3.5% while the market remained flat over the last week. More promisingly, the market is up 7.5% over the past year. Earnings are forecast to grow by 13% annually.

Trending IndustriesOil and GasGoldBiotechSoftwareRenewable Energy

Market Valuation and Performance

Has the Australian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 02 Jul 2024AU$2.6tAU$1.2tAU$91.8b18.9x28.2x2.2x
Thu, 30 May 2024AU$2.6tAU$1.2tAU$92.3b19.5x27.7x2.2x
Sat, 27 Apr 2024AU$2.5tAU$1.2tAU$91.2b19.4x27.7x2.2x
Mon, 25 Mar 2024AU$2.6tAU$1.2tAU$96.0b19.5x27x2.2x
Wed, 21 Feb 2024AU$2.6tAU$1.2tAU$114.8b19.1x22.3x2.2x
Fri, 19 Jan 2024AU$2.5tAU$1.2tAU$115.6b18.5x21.3x2.1x
Sun, 17 Dec 2023AU$2.5tAU$1.2tAU$115.3b18.4x21.6x2.1x
Tue, 14 Nov 2023AU$2.3tAU$1.2tAU$117.8b18.1x19.8x2x
Thu, 12 Oct 2023AU$2.4tAU$1.2tAU$119.1b17.8x20.1x2x
Sat, 09 Sep 2023AU$2.4tAU$1.2tAU$120.7b18x20x2x
Mon, 07 Aug 2023AU$2.5tAU$1.2tAU$146.1b16.8x16.9x2.1x
Wed, 05 Jul 2023AU$2.4tAU$1.2tAU$145.2b16.4x16.8x2.1x
Fri, 02 Jun 2023AU$2.4tAU$1.2tAU$146.9b16x16.2x2x
Sun, 30 Apr 2023AU$2.5tAU$1.2tAU$145.0b16.3x16.9x2.1x
Tue, 28 Mar 2023AU$2.3tAU$1.2tAU$145.1b15.9x16.1x2x
Thu, 23 Feb 2023AU$2.5tAU$1.1tAU$135.9b16.5x18.1x2.2x
Sat, 21 Jan 2023AU$2.5tAU$1.1tAU$147.1b16x17x2.3x
Mon, 19 Dec 2022AU$2.4tAU$1.1tAU$149.7b14.5x16x2.2x
Wed, 16 Nov 2022AU$2.4tAU$1.1tAU$149.5b14.9x16.1x2.2x
Fri, 14 Oct 2022AU$2.2tAU$1.1tAU$151.8b14.3x14.8x2x
Sun, 11 Sep 2022AU$2.3tAU$1.1tAU$146.3b14.8x16x2.2x
Tue, 09 Aug 2022AU$2.4tAU$1.0tAU$132.4b15.3x17.9x2.3x
Thu, 07 Jul 2022AU$2.2tAU$1.1tAU$135.2b14.7x16.6x2.1x
Sat, 04 Jun 2022AU$2.5tAU$1.0tAU$132.1b16.3x18.8x2.4x
Mon, 02 May 2022AU$2.6tAU$1.0tAU$130.9b17.6x19.7x2.5x
Wed, 30 Mar 2022AU$2.6tAU$1.0tAU$128.7b17.7x20.4x2.5x
Fri, 25 Feb 2022AU$2.5tAU$1.0tAU$127.4b17.8x19.5x2.4x
Sun, 23 Jan 2022AU$2.6tAU$976.4bAU$104.1b18.6x24.6x2.6x
Tue, 21 Dec 2021AU$2.6tAU$976.6bAU$104.3b18.7x24.7x2.6x
Thu, 18 Nov 2021AU$2.6tAU$972.6bAU$100.9b19.3x25.7x2.7x
Sat, 16 Oct 2021AU$2.6tAU$956.5bAU$94.9b19.8x27.1x2.7x
Mon, 13 Sep 2021AU$2.6tAU$952.7bAU$97.1b18.6x26.6x2.7x
Wed, 11 Aug 2021AU$2.6tAU$949.7bAU$96.9b18.2x26.9x2.7x
Price to Earnings Ratio

25.9x


Total Market Cap: AU$2.5tTotal Earnings: AU$96.5bTotal Revenue: AU$945.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Market Price to Earnings3Y Average 20.6x202220232024
Current Market PE
  • Investors are optimistic on the Australian market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 28.2x which is higher than its 3-year average PE of 20.6x.
Past Earnings Growth
  • The earnings for Australian listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 7.0% 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.

Sector Trends

Which sectors have driven the changes within the Australian Market?

AU Market0.17%
Energy3.46%
Materials1.31%
Tech0.70%
Financials0.22%
Utilities-0.17%
Consumer Staples-0.37%
Healthcare-0.49%
Consumer Discretionary-0.81%
Industrials-0.87%
Telecom-1.19%
Real Estate-1.71%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 62.6x.
    • Analysts are expecting annual earnings growth of 16.7%, which is lower than the prior year's growth of 20.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 27% over the next 5 years.
  • This is better than its past earnings decline of 42% per year.
  • In contrast, the Utilities sector is expected to see its earnings decline by 10% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
WDS Woodside Energy GroupAU$29.134.2%
+AU$2.2b		-17.1%PE22.1xEnergy
YAL Yancoal AustraliaAU$7.0211.6%
+AU$963.9m		46.3%PE5.1xEnergy
IAG Insurance Australia GroupAU$7.135.5%
+AU$871.8m		22.5%PE22.4xFinancials
WHC Whitehaven CoalAU$8.5911.6%
+AU$744.8m		24.1%PE6.3xEnergy
GQG GQG PartnersAU$2.805.3%
+AU$413.5m		83.6%PE19.7xFinancials
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Market Insights

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Heading Into Q3 With A Goldilocks Economy

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And just like that, we are into the third quarter and the second half of 2024. Equity markets have done better...

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NST

AU$12.90

Northern Star Resources

7D

-4.1%

1Y

3.1%

IAG

AU$7.11

Insurance Australia Group

7D

6.4%

1Y

24.1%

ANZ

AU$28.45

ANZ Group Holdings

7D

-0.7%

1Y

19.0%

MQG

AU$203.16

Macquarie Group

7D

2.0%

1Y

14.3%

REA

AU$191.18

REA Group

7D

-3.1%

1Y

34.7%

YAL

AU$6.92

Yancoal Australia

7D

10.7%

1Y

46.6%

TCL

AU$12.39

Transurban Group

7D

-2.3%

1Y

-13.7%

BHP

AU$43.30

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7D

2.1%

1Y

-4.3%

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REH

AU$24.90

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7D

-3.5%

1Y

34.0%

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SUN

AU$17.13

Suncorp Group

7D

2.9%

1Y

27.6%

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ALL

AU$50.04

Aristocrat Leisure

7D

2.1%

1Y

28.1%

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WDS

AU$28.25

Woodside Energy Group

7D

4.7%

1Y

-18.5%

QBE

AU$17.06

QBE Insurance Group

7D

-2.9%

1Y

8.5%

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CBA

AU$126.20

Commonwealth Bank of Australia

7D

-0.5%

1Y

25.0%

PME

AU$135.66

Pro Medicus

7D

-3.9%

1Y

106.1%

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AU$21.76

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7D

2.4%

1Y

-2.3%

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