Smith-Midland (NASDAQ:SMID) Has Some Way To Go To Become A Multi-Bagger
There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...
Has the U.S. Basic Materials Industry valuation changed over the past few years?
|Wed, 01 Dec 2021||US$65.0b||US$16.8b||US$2.1b||18.3x|
|Fri, 29 Oct 2021||US$63.2b||US$17.6b||US$2.2b||18.3x|
|Sun, 26 Sep 2021||US$59.6b||US$17.5b||US$2.2b||17.1x|
|Tue, 24 Aug 2021||US$62.7b||US$16.3b||US$2.2b||17.6x|
|Wed, 30 Jun 2021||US$58.9b||US$16.3b||US$2.2b||19.1x|
|Sat, 03 Apr 2021||US$55.8b||US$15.9b||US$2.2b||16.4x|
|Tue, 05 Jan 2021||US$46.8b||US$15.7b||US$1.8b||18x|
|Fri, 09 Oct 2020||US$40.2b||US$15.7b||US$1.7b||16.5x|
|Thu, 02 Jul 2020||US$35.0b||US$15.9b||US$1.7b||17.4x|
|Sun, 05 Apr 2020||US$31.4b||US$14.3b||US$1.6b||15.6x|
|Wed, 08 Jan 2020||US$44.8b||US$14.2b||US$1.5b||19.4x|
|Tue, 01 Oct 2019||US$44.9b||US$14.0b||US$1.4b||18.8x|
|Fri, 05 Jul 2019||US$40.9b||US$13.8b||US$1.3b||22.4x|
|Mon, 08 Apr 2019||US$36.0b||US$13.6b||US$1.4b||19.2x|
|Thu, 10 Jan 2019||US$30.2b||US$13.4b||US$1.4b||19.1x|
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 18.8x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Basic Materials industry have grown 2.2% per year over the last three years, and revenues for these companies have grown 8.4% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Which industries have driven the changes within the U.S. Basic Materials industry?
Industry PE: Investors are most optimistic about the Construction Materials industry, which is trading close to its 3-year average PE ratio of 18.8x. This is likely because analysts are expecting annual earnings growth of 17%, which is higher than its past year's earnings growth of 15% per year.
Forecasted Growth: Analysts are most optimistic on the Construction Materials industry, expecting annual earnings growth of 17% over the next 5 years. This is roughly in line with its past earnings growth rate.
Which companies have driven the market over the last 7 days?
Martin Marietta Materials
United States Lime & Minerals