At AU$92.40, Is WiseTech Global Limited (ASX:WTC) Worth Looking At Closely?
Aug 04
Australian (ASX) Market Analysis & Valuation
UpdatedAug 15, 2024
DataAggregated Company Financials
Companies1669
- 7D2.1%
- 3M-0.9%
- 1Y8.3%
- YTD2.3%
Over the last 7 days, the market has risen 2.0%, driven by gains of 3.4% in the Financials sector. The market is up 6.4% over the last 12 months. As for the next few years, earnings are expected to grow by 13% per annum.
Market Valuation and Performance
Has the Australian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 15 Aug 2024 | AU$2.6t | AU$1.2t | AU$92.1b | 19.3x | 28.1x | 2.2x |
| Sat, 13 Jul 2024 | AU$2.6t | AU$1.1t | AU$90.8b | 19.4x | 29.1x | 2.3x |
| Mon, 10 Jun 2024 | AU$2.6t | AU$1.2t | AU$92.5b | 19.2x | 28.3x | 2.3x |
| Wed, 08 May 2024 | AU$2.6t | AU$1.2t | AU$92.9b | 19.9x | 28x | 2.2x |
| Fri, 05 Apr 2024 | AU$2.6t | AU$1.2t | AU$94.8b | 20.2x | 27.6x | 2.2x |
| Sun, 03 Mar 2024 | AU$2.6t | AU$1.2t | AU$96.8b | 19.8x | 26.8x | 2.2x |
| Tue, 30 Jan 2024 | AU$2.5t | AU$1.2t | AU$115.5b | 19x | 21.9x | 2.2x |
| Thu, 28 Dec 2023 | AU$2.5t | AU$1.2t | AU$114.3b | 18.8x | 22.2x | 2.2x |
| Sat, 25 Nov 2023 | AU$2.4t | AU$1.2t | AU$116.3b | 17.9x | 20.3x | 2x |
| Mon, 23 Oct 2023 | AU$2.3t | AU$1.2t | AU$120.0b | 17.6x | 19.4x | 2x |
| Wed, 20 Sep 2023 | AU$2.4t | AU$1.2t | AU$119.8b | 18x | 20.3x | 2x |
| Fri, 18 Aug 2023 | AU$2.4t | AU$1.2t | AU$142.9b | 16.8x | 16.9x | 2x |
| Sun, 16 Jul 2023 | AU$2.5t | AU$1.2t | AU$143.9b | 16.5x | 17x | 2.1x |
| Tue, 13 Jun 2023 | AU$2.4t | AU$1.2t | AU$144.7b | 16x | 16.5x | 2.1x |
| Thu, 11 May 2023 | AU$2.4t | AU$1.2t | AU$144.9b | 16.3x | 16.8x | 2.1x |
| Sat, 08 Apr 2023 | AU$2.4t | AU$1.2t | AU$144.8b | 15.9x | 16.7x | 2.1x |
| Mon, 06 Mar 2023 | AU$2.4t | AU$1.2t | AU$143.7b | 16.4x | 17x | 2.1x |
| Wed, 01 Feb 2023 | AU$2.5t | AU$1.1t | AU$146.4b | 16.1x | 17.2x | 2.3x |
| Fri, 30 Dec 2022 | AU$2.4t | AU$1.1t | AU$149.1b | 14.5x | 15.8x | 2.2x |
| Sun, 27 Nov 2022 | AU$2.4t | AU$1.1t | AU$149.2b | 15x | 16.4x | 2.2x |
| Tue, 25 Oct 2022 | AU$2.3t | AU$1.1t | AU$151.1b | 14.5x | 15x | 2.1x |
| Thu, 22 Sep 2022 | AU$2.3t | AU$1.1t | AU$147.9b | 14.4x | 15.4x | 2.1x |
| Sat, 20 Aug 2022 | AU$2.4t | AU$1.0t | AU$136.9b | 15.3x | 17.5x | 2.3x |
| Mon, 18 Jul 2022 | AU$2.3t | AU$1.0t | AU$133.5b | 14.7x | 16.9x | 2.2x |
| Wed, 15 Jun 2022 | AU$2.3t | AU$1.0t | AU$133.8b | 15x | 17x | 2.2x |
| Fri, 13 May 2022 | AU$2.4t | AU$1.0t | AU$133.9b | 16.3x | 18.2x | 2.3x |
| Sun, 10 Apr 2022 | AU$2.6t | AU$1.0t | AU$128.9b | 17.5x | 20.1x | 2.5x |
| Tue, 08 Mar 2022 | AU$2.5t | AU$1.0t | AU$130.0b | 18x | 19.3x | 2.4x |
| Thu, 03 Feb 2022 | AU$2.5t | AU$979.9b | AU$104.9b | 18.4x | 24.2x | 2.6x |
| Sat, 01 Jan 2022 | AU$2.6t | AU$974.2b | AU$103.8b | 19.4x | 25.5x | 2.7x |
| Mon, 29 Nov 2021 | AU$2.6t | AU$979.1b | AU$102.4b | 18.7x | 25x | 2.6x |
| Wed, 27 Oct 2021 | AU$2.6t | AU$954.5b | AU$94.3b | 19.8x | 27.6x | 2.7x |
| Fri, 24 Sep 2021 | AU$2.6t | AU$960.6b | AU$97.8b | 19x | 26.2x | 2.7x |
| Sun, 22 Aug 2021 | AU$2.6t | AU$949.7b | AU$96.9b | 18.3x | 26.5x | 2.7x |
Price to Earnings Ratio
26.5x
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 27.9x which is higher than its 3-year average PE of 20.9x.
Past Earnings Growth
- The earnings for Australian listed companies have remained mostly flat over the last three years.
- Meanwhile revenues have grown 6.8% 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 Market | 2.07% | |
| Tech | 6.49% | |
| Consumer Discretionary | 4.07% | |
| Financials | 3.86% | |
| Telecom | 3.39% | |
| Real Estate | 2.82% | |
| Industrials | 2.11% | |
| Utilities | 2.10% | |
| Consumer Staples | 1.70% | |
| Healthcare | 0.82% | |
| Energy | 0.80% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Materials | -2.09% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 63.9x.
- Analysts are expecting annual earnings growth of 16.0%, which is lower than the prior year's growth of 22.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 26% over the next 5 years.
- This is better than its past earnings decline of 43% per year.
- In contrast, the Utilities sector is expected to see its earnings decline by 11% 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$134.21 | 5.4% +AU$11.5b | 34.5% | PB3.1x | Financials | |
| WBC Westpac Banking | AU$28.85 | 4.5% +AU$4.2b | 32.5% | PB1.4x | Financials | |
| ANZ ANZ Group Holdings | AU$28.73 | 5.0% +AU$4.0b | 15.8% | PB1.2x | Financials | |
| GMG Goodman Group | AU$35.16 | 6.4% +AU$4.0b | 78.0% | PB3.8x | Real Estate | |
| NAB National Australia Bank | AU$35.79 | 3.0% +AU$3.2b | 26.0% | PB1.8x | Financials |