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Australian (ASX) Market Analysis & Valuation
UpdatedJan 01, 2023
DataAggregated Company Financials
Companies1894
- 7D-0.9%
- 3M7.4%
- 1Y-8.6%
- YTD3.0%
In the last week, the market has been flat. Unfortunately though, the market is down 8.6% over the past year. Looking forward, earnings are forecast to grow by 5.7% annually.
Market Insights
US markets received a boost on Tuesday when inflation data showed prices rising slightly less than expected...
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Last Week
Not All Retail Stocks Are Struggling
Latest News
Market Valuation and Performance
Has the Australian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 02 Jan 2023 | AU$2.4t | AU$1.1t | AU$148.0b | 14.8x | 16.1x | 2.2x |
| Wed, 30 Nov 2022 | AU$2.5t | AU$1.1t | AU$149.5b | 14.6x | 16.4x | 2.2x |
| Fri, 28 Oct 2022 | AU$2.3t | AU$1.1t | AU$149.3b | 14.7x | 15.6x | 2.1x |
| Sun, 25 Sep 2022 | AU$2.2t | AU$1.1t | AU$149.4b | 14.4x | 15x | 2.1x |
| Tue, 23 Aug 2022 | AU$2.4t | AU$1.0t | AU$144.0b | 15.3x | 16.6x | 2.3x |
| Thu, 21 Jul 2022 | AU$2.3t | AU$1.0t | AU$132.8b | 14.9x | 17.4x | 2.3x |
| Sat, 18 Jun 2022 | AU$2.2t | AU$1.0t | AU$133.4b | 14.5x | 16.2x | 2.1x |
| Mon, 16 May 2022 | AU$2.4t | AU$1.1t | AU$134.0b | 16.2x | 18.2x | 2.3x |
| Wed, 13 Apr 2022 | AU$2.6t | AU$1.0t | AU$129.1b | 17.2x | 20x | 2.5x |
| Fri, 11 Mar 2022 | AU$2.5t | AU$1.0t | AU$130.1b | 17.8x | 19.6x | 2.5x |
| Sun, 06 Feb 2022 | AU$2.5t | AU$978.9b | AU$104.9b | 18.3x | 24.2x | 2.6x |
| Tue, 04 Jan 2022 | AU$2.6t | AU$973.8b | AU$103.7b | 19.4x | 25.5x | 2.7x |
| Thu, 02 Dec 2021 | AU$2.5t | AU$979.7b | AU$102.6b | 18.6x | 24.9x | 2.6x |
| Sat, 30 Oct 2021 | AU$2.6t | AU$955.9b | AU$95.5b | 19.8x | 26.9x | 2.7x |
| Mon, 27 Sep 2021 | AU$2.5t | AU$961.2b | AU$95.6b | 19.1x | 25.9x | 2.6x |
| Wed, 25 Aug 2021 | AU$2.6t | AU$949.7b | AU$96.9b | 18.4x | 26.8x | 2.7x |
| Thu, 01 Jul 2021 | AU$2.5t | AU$945.8b | AU$96.5b | 17.7x | 25.9x | 2.6x |
| Sun, 04 Apr 2021 | AU$2.3t | AU$897.3b | AU$70.2b | 17.1x | 32.7x | 2.6x |
| Wed, 06 Jan 2021 | AU$2.2t | AU$874.5b | AU$41.6b | 19.4x | 53.2x | 2.5x |
| Sat, 10 Oct 2020 | AU$1.9t | AU$870.7b | AU$44.4b | 19.7x | 43.4x | 2.2x |
| Fri, 03 Jul 2020 | AU$1.9t | AU$884.9b | AU$47.9b | 19.8x | 39.2x | 2.1x |
| Mon, 06 Apr 2020 | AU$1.6t | AU$930.2b | AU$75.2b | 15.7x | 20.6x | 1.7x |
| Thu, 09 Jan 2020 | AU$2.1t | AU$923.1b | AU$92.4b | 19.4x | 22.4x | 2.2x |
Price to Earnings Ratio
22.4x
Current Market PE
- Investors are pessimistic on the Australian market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 16.1x which is lower than its 3-year average PE of 28.7x.
Past Earnings Growth
- The earnings for Australian listed companies have grown 17% per year over the last three years.
- Revenues for these companies have grown 5.8% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Australian Market?
| AU Market | -0.87% | |
| Consumer Discretionary | -0.061% | |
| Healthcare | -0.21% | |
| Telecom | -0.65% | |
| Consumer Staples | -0.77% | |
| Financials | -0.81% | |
| Materials | -0.85% | |
| Tech | -1.28% | |
| Energy | -1.47% | |
| Real Estate | -1.48% | |
| Utilities | -1.57% | |
| Industrials | -1.70% | |
Sector PE
- Investors are most optimistic about the Healthcare sector, which is trading close to its 3-year average PE ratio of 57.5x.
- This optimism is likely because analysts are expecting annual earnings growth of 15.5% which is higher than its past year's earnings decline of 6.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 43% over the next 5 years.
- However this is lower than its past earnings growth rate of 289% per year.
- In contrast, the Energy sector is expected to see its earnings decline by 7.0% 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 | |
|---|---|---|---|---|---|---|
| QBE QBE Insurance Group | AU$13.43 | 1.7% +AU$326.7m | 18.3% | PE33.1x | Financials | |
| LLC Lendlease Group | AU$7.84 | 4.0% +AU$205.0m | -26.7% | PB0.8x | Real Estate | |
| BRN BrainChip Holdings | AU$0.74 | 13.7% +AU$155.9m | 9.6% | PS155.4x | Tech | |
| REH Reece | AU$14.15 | 1.6% +AU$142.1m | -47.7% | PE23.3x | Industrials | |
| COH Cochlear | AU$204.12 | 1.0% +AU$139.5m | -5.6% | PE46.4x | Healthcare |