Woodside Energy Group Ltd's (ASX:WDS) Earnings Are Not Doing Enough For Some Investors
Nov 21
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Australian (ASX) Market Analysis & Valuation
UpdatedNov 23, 2024
DataAggregated Company Financials
Companies1631
- 7D0.9%
- 3M4.3%
- 1Y18.4%
- YTD9.2%
The Energy sector gained 4.2% while the market remained flat over the last week. Meanwhile, the market is actually up 18% over the past year. Earnings are forecast to grow by 12% annually.
Market Valuation and Performance
Has the Australian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 23 Nov 2024 | AU$2.8t | AU$1.2t | AU$88.3b | 19.4x | 31.3x | 2.4x |
| Mon, 21 Oct 2024 | AU$2.7t | AU$1.2t | AU$87.8b | 19.7x | 31.2x | 2.4x |
| Wed, 18 Sep 2024 | AU$2.7t | AU$1.2t | AU$87.6b | 19.8x | 30.6x | 2.3x |
| Fri, 16 Aug 2024 | AU$2.6t | AU$1.2t | AU$91.4b | 19.4x | 28.4x | 2.2x |
| Sun, 14 Jul 2024 | AU$2.6t | AU$1.1t | AU$90.7b | 19.4x | 29.2x | 2.3x |
| Tue, 11 Jun 2024 | AU$2.6t | AU$1.2t | AU$92.5b | 19.2x | 28.3x | 2.3x |
| Thu, 09 May 2024 | AU$2.6t | AU$1.2t | AU$93.1b | 19.9x | 28x | 2.2x |
| Sat, 06 Apr 2024 | AU$2.6t | AU$1.2t | AU$94.9b | 20.2x | 27.4x | 2.2x |
| Mon, 04 Mar 2024 | AU$2.6t | AU$1.2t | AU$96.8b | 19.8x | 26.8x | 2.2x |
| Wed, 31 Jan 2024 | AU$2.5t | AU$1.2t | AU$115.6b | 19.1x | 22x | 2.2x |
| Fri, 29 Dec 2023 | AU$2.6t | AU$1.2t | AU$114.4b | 18.9x | 22.4x | 2.2x |
| Sun, 26 Nov 2023 | AU$2.4t | AU$1.2t | AU$116.1b | 17.9x | 20.3x | 2x |
| Tue, 24 Oct 2023 | AU$2.3t | AU$1.2t | AU$120.0b | 17.4x | 19.2x | 1.9x |
| Thu, 21 Sep 2023 | AU$2.4t | AU$1.2t | AU$119.7b | 18.1x | 20.2x | 2x |
| Sat, 19 Aug 2023 | AU$2.4t | AU$1.2t | AU$142.1b | 16.8x | 17x | 2x |
| Mon, 17 Jul 2023 | AU$2.5t | AU$1.2t | AU$143.9b | 16.5x | 17x | 2.1x |
| Wed, 14 Jun 2023 | AU$2.4t | AU$1.2t | AU$144.4b | 16x | 16.5x | 2.1x |
| Fri, 12 May 2023 | AU$2.4t | AU$1.2t | AU$145.1b | 16.3x | 16.7x | 2.1x |
| Sun, 09 Apr 2023 | AU$2.4t | AU$1.2t | AU$144.7b | 15.9x | 16.7x | 2.1x |
| Tue, 07 Mar 2023 | AU$2.5t | AU$1.2t | AU$144.0b | 16.5x | 17.1x | 2.1x |
| Thu, 02 Feb 2023 | AU$2.5t | AU$1.1t | AU$145.9b | 16.1x | 17.3x | 2.3x |
| Sat, 31 Dec 2022 | AU$2.4t | AU$1.1t | AU$148.3b | 14.7x | 15.9x | 2.2x |
| Mon, 28 Nov 2022 | AU$2.4t | AU$1.1t | AU$149.2b | 15x | 16.4x | 2.2x |
| Wed, 26 Oct 2022 | AU$2.3t | AU$1.1t | AU$151.4b | 14.4x | 15.2x | 2.1x |
| Fri, 23 Sep 2022 | AU$2.3t | AU$1.1t | AU$148.3b | 14.4x | 15.3x | 2.1x |
| Sun, 21 Aug 2022 | AU$2.4t | AU$1.0t | AU$143.9b | 15.4x | 16.7x | 2.3x |
| Tue, 19 Jul 2022 | AU$2.3t | AU$1.0t | AU$133.5b | 14.7x | 16.9x | 2.2x |
| Thu, 16 Jun 2022 | AU$2.2t | AU$1.0t | AU$134.1b | 14.9x | 16.7x | 2.1x |
| Sat, 14 May 2022 | AU$2.4t | AU$1.1t | AU$134.5b | 16.2x | 18.1x | 2.3x |
| Mon, 11 Apr 2022 | AU$2.6t | AU$1.0t | AU$128.9b | 17.5x | 20.1x | 2.5x |
| Wed, 09 Mar 2022 | AU$2.5t | AU$1.0t | AU$130.0b | 17.7x | 19.3x | 2.4x |
| Fri, 04 Feb 2022 | AU$2.5t | AU$979.6b | AU$104.9b | 18.3x | 24.1x | 2.6x |
| Sun, 02 Jan 2022 | AU$2.6t | AU$973.8b | AU$103.7b | 19.4x | 25.5x | 2.7x |
| Tue, 30 Nov 2021 | AU$2.5t | AU$978.9b | AU$102.4b | 18.7x | 24.9x | 2.6x |
Price to Earnings Ratio
24.9x
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 31.3x which is higher than its 3-year average PE of 21.2x.
Past Earnings Growth
- The earnings for Australian listed companies have declined 4.8% per year over the last three years.
- Meanwhile revenues for these companies have grown 6.0% 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, which has decreased profits.
Sector Trends
Which sectors have driven the changes within the Australian Market?
| AU Market | 0.92% | |
| Energy | 4.24% | |
| Utilities | 4.11% | |
| Financials | 1.49% | |
| Consumer Staples | 1.42% | |
| Materials | 1.34% | |
| Industrials | 1.20% | |
| Healthcare | 0.64% | |
| Telecom | 0.052% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Real Estate | -0.29% | |
| Consumer Discretionary | -0.45% | |
| Tech | -3.79% | |
Sector PE
- Investors favour the Tech sector the most for future growth which is trading above its 3-year average PE ratio.
- The market's confidence is likely because analysts are expecting annual earnings growth of 26.0%, which is higher than its past year's earnings growth of 6.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 28% over the next 5 years.
- This is better than its past earnings decline of 1.7% per year.
- In contrast, the Utilities sector is expected to see its earnings decline by 8.9% 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 | Sector | |
|---|---|---|---|---|---|---|
| CBA Commonwealth Bank of Australia | AU$159.03 | 2.5% +AU$6.5b | 53.4% | PB3.6x | Financials | |
| WBC Westpac Banking | AU$33.83 | 2.3% +AU$2.6b | 58.6% | PB1.6x | Financials | |
| NAB National Australia Bank | AU$40.07 | 2.2% +AU$2.6b | 43.3% | PB2x | Financials | |
| NST Northern Star Resources | AU$17.90 | 12.9% +AU$2.4b | 55.1% | PE32.2x | Materials | |
| WDS Woodside Energy Group | AU$25.05 | 4.4% +AU$2.0b | -21.5% | PE16.7x | Energy |
