Some Shareholders Feeling Restless Over Wesfarmers Limited's (ASX:WES) P/E Ratio
May 03
Australian (ASX) Broadline Retail Industry Analysis
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies6
- 7D5.0%
- 3M20.1%
- 1Y35.6%
- YTDn/a
Over the last 7 days, the Broadline Retail industry has risen 5.0%, driven by gains from Wesfarmers of 6.7%. In the last 12 months, the industry was up 36%. As for the next few years, earnings are expected to grow by 9.2% per annum.
Industry Valuation and Performance
Has the Australian Broadline Retail Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 08 May 2024 | AU$87.1b | AU$51.0b | AU$2.9b | 17.9x | 29.8x | 1.7x |
| Fri, 05 Apr 2024 | AU$83.5b | AU$51.0b | AU$2.9b | 19.9x | 28.6x | 1.6x |
| Sun, 03 Mar 2024 | AU$83.4b | AU$51.0b | AU$2.9b | 21x | 28.4x | 1.6x |
| Tue, 30 Jan 2024 | AU$72.6b | AU$51.0b | AU$3.0b | 15.3x | 24.3x | 1.4x |
| Thu, 28 Dec 2023 | AU$70.6b | AU$51.0b | AU$3.0b | 14.6x | 23.6x | 1.4x |
| Sat, 25 Nov 2023 | AU$65.1b | AU$51.0b | AU$3.0b | 13.6x | 21.7x | 1.3x |
| Mon, 23 Oct 2023 | AU$63.8b | AU$51.0b | AU$3.0b | 14.4x | 21.3x | 1.3x |
| Wed, 20 Sep 2023 | AU$67.0b | AU$51.0b | AU$3.0b | 15.4x | 22.4x | 1.3x |
| Fri, 18 Aug 2023 | AU$62.6b | AU$49.2b | AU$3.3b | 14.5x | 19.2x | 1.3x |
| Sun, 16 Jul 2023 | AU$61.4b | AU$49.2b | AU$3.3b | 12.9x | 18.8x | 1.2x |
| Tue, 13 Jun 2023 | AU$59.2b | AU$49.2b | AU$3.3b | 12.8x | 18.2x | 1.2x |
| Thu, 11 May 2023 | AU$64.2b | AU$49.2b | AU$3.3b | 13.6x | 19.7x | 1.3x |
| Sat, 08 Apr 2023 | AU$64.0b | AU$49.2b | AU$3.3b | 13.5x | 19.6x | 1.3x |
Price to Earnings Ratio
19x
Current Industry PE
- Investors are optimistic on the Australian Broadline Retail industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 29.8x which is higher than its 3-year average PE of 22.4x.
- The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 1.7x.
Past Earnings Growth
- The earnings for companies in the Broadline Retail industry have declined 3.6% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does Australian Broadline Retail compare with similar industries?
| AU Market | 1.62% | |
| Consumer Discretionary | 2.04% | |
| General Merchandise and Department Stores | 5.04% | |
| Broadline Retail | 5.04% | |
| Department Stores | 0% | |
| General Merchandise Stores | 0% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| WES Wesfarmers | AU$70.45 | 6.7% +AU$5.0b | 37.2% | PE31.9x |
