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Apr 25
Australian (ASX) Infrastructure Industry Analysis
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies6
- 7D2.7%
- 3M-2.3%
- 1Y-11.5%
- YTD-5.4%
Over the last 7 days, the Infrastructure industry has risen 2.7%, driven by gains from every company within the industry. In contrast, the industry has lost 12% in the last 12 months. Looking forward, earnings are forecast to grow by 24% annually.
Industry Valuation and Performance
Has the Australian Infrastructure Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 08 May 2024 | AU$55.0b | AU$8.1b | AU$794.9m | 29.3x | 69.2x | 6.8x |
| Fri, 05 Apr 2024 | AU$56.1b | AU$8.1b | AU$794.9m | 28x | 70.6x | 6.9x |
| Sun, 03 Mar 2024 | AU$56.7b | AU$8.1b | AU$794.9m | 27.7x | 71.3x | 7x |
| Tue, 30 Jan 2024 | AU$55.9b | AU$7.9b | AU$635.2m | 29.1x | 88.1x | 7.1x |
| Thu, 28 Dec 2023 | AU$58.6b | AU$7.9b | AU$635.2m | 29.8x | 92.3x | 7.4x |
| Sat, 25 Nov 2023 | AU$54.3b | AU$7.9b | AU$635.2m | 28.2x | 85.5x | 6.9x |
| Mon, 23 Oct 2023 | AU$50.9b | AU$7.9b | AU$635.2m | 26.1x | 80.1x | 6.4x |
| Wed, 20 Sep 2023 | AU$55.7b | AU$7.9b | AU$635.5m | 29x | 87.7x | 7x |
| Fri, 18 Aug 2023 | AU$55.5b | AU$7.7b | AU$567.7m | 28.4x | 97.8x | 7.2x |
| Sun, 16 Jul 2023 | AU$58.7b | AU$7.7b | AU$666.7m | 29.9x | 88.1x | 7.6x |
| Tue, 13 Jun 2023 | AU$59.4b | AU$7.7b | AU$666.7m | 29.9x | 89.1x | 7.7x |
| Thu, 11 May 2023 | AU$61.9b | AU$7.7b | AU$666.7m | 33.1x | 92.9x | 8x |
| Sat, 08 Apr 2023 | AU$60.9b | AU$7.7b | AU$666.7m | 31.1x | 91.3x | 7.9x |
| Mon, 06 Mar 2023 | AU$59.5b | AU$7.7b | AU$666.7m | 33.7x | 89.2x | 7.7x |
| Wed, 01 Feb 2023 | AU$59.1b | AU$6.6b | AU$436.5m | 54.6x | 135.3x | 9x |
| Fri, 30 Dec 2022 | AU$55.8b | AU$6.6b | AU$436.5m | 53.5x | 127.8x | 8.5x |
| Sun, 27 Nov 2022 | AU$60.2b | AU$6.6b | AU$436.5m | 53.9x | 138x | 9.1x |
| Tue, 25 Oct 2022 | AU$52.8b | AU$6.6b | AU$436.5m | 52.8x | 121x | 8x |
| Thu, 22 Sep 2022 | AU$52.0b | AU$6.6b | AU$436.5m | 46.4x | 119.1x | 7.9x |
| Sat, 20 Aug 2022 | AU$57.1b | AU$6.3b | AU$308.7m | 42x | 184.9x | 9.1x |
| Mon, 18 Jul 2022 | AU$57.5b | AU$5.6b | AU$215.7m | 25x | 266.6x | 10.2x |
| Wed, 15 Jun 2022 | AU$56.8b | AU$5.6b | AU$215.7m | 25.1x | 263.3x | 10.1x |
| Fri, 13 May 2022 | AU$56.0b | AU$5.6b | AU$215.7m | 22.1x | 259.4x | 9.9x |
| Sun, 10 Apr 2022 | AU$54.9b | AU$5.6b | AU$215.7m | 21.1x | 254.5x | 9.7x |
| Tue, 08 Mar 2022 | AU$74.3b | AU$6.3b | AU$13.2m | 20.3x | 5619x | 11.8x |
| Thu, 03 Feb 2022 | AU$76.0b | AU$5.9b | -AU$1,635,445,827.00 | 41.1x | -46.5x | 12.8x |
| Sat, 01 Jan 2022 | AU$79.6b | AU$5.9b | -AU$1,635,445,827.00 | 41.9x | -48.7x | 13.5x |
| Mon, 29 Nov 2021 | AU$78.9b | AU$5.9b | -AU$1,635,445,827.00 | 40.5x | -48.3x | 13.3x |
| Wed, 27 Oct 2021 | AU$77.8b | AU$5.9b | -AU$1,635,445,827.00 | 38.6x | -47.6x | 13.1x |
| Fri, 24 Sep 2021 | AU$74.7b | AU$5.9b | -AU$1,635,445,827.00 | 41.7x | -45.7x | 12.6x |
| Sun, 22 Aug 2021 | AU$72.1b | AU$5.9b | -AU$1,635,445,827.00 | 38x | -44.1x | 12.2x |
| Fri, 09 Jul 2021 | AU$67.8b | AU$5.9b | -AU$1,635,445,827.00 | 38.6x | -41.5x | 11.5x |
Price to Earnings Ratio
-36.9x
Current Industry PE
- Investors are pessimistic on the Australian Infrastructure industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 69.2x which is lower than its 3-year average PE of 263x.
- The 3-year average PS ratio of 9.4x is higher than the industry's current PS ratio of 6.8x.
Past Earnings Growth
- Total earnings for the Infrastructure industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 11% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Australian Industrials industry?
| AU Market | 1.62% | |
| Industrials | 1.01% | |
| Infrastructure | 2.72% | |
| Marine Ports and Services | 6.56% | |
| Highways and Railtracks | 2.12% | |
| Airport Services | 0% | |
Industry PE
- Investors are most optimistic about the Highways and Railtracks industry which is trading above its 3-year average PE ratio of 54.2x.
- Analysts are expecting annual earnings growth of 26.2%, which is lower than the prior year's growth of 30.2% per year.
- Investors are most pessimistic about the Marine Ports and Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 25.5x.
Forecasted Growth
- Analysts are most optimistic on the Highways and Railtracks industry, expecting annual earnings growth of 26% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Marine Ports and Services industry is expected to see its earnings grow by 9.8% 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 | |
|---|---|---|---|---|---|
| TCL Transurban Group | AU$12.75 | 1.7% +AU$649.4m | -13.9% | PE173.7x | |
| QUB Qube Holdings | AU$3.58 | 7.5% +AU$441.7m | 14.7% | PE34.4x | |
| ALX Atlas Arteria | AU$5.42 | 4.4% +AU$333.7m | -18.3% | PE24.3x | |
| DBI Dalrymple Bay Infrastructure | AU$2.86 | 2.5% +AU$34.7m | 13.0% | PE19.2x | |
| SRH Saferoads Holdings | AU$0.051 | 2.0% +AU$43.7k | -66.0% | PS0.2x |
