Does Evolution Mining (ASX:EVN) Have A Healthy Balance Sheet?
May 03
Australian (ASX) Materials Sector Analysis
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies746
- 7D0.8%
- 3M0.8%
- 1Y0.3%
- YTD-6.8%
In the last week, the Materials industry is flat overall, with Evolution Mining standing out by going down 3.1%. Furthermore, the industry has been flat for the past year as well. As for the next few years, earnings are expected to grow by 14% per annum.
Sector Valuation and Performance
Has the Australian Materials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 08 May 2024 | AU$565.4b | AU$251.0b | AU$23.0b | 15.7x | 24.5x | 2.3x |
| Fri, 05 Apr 2024 | AU$562.2b | AU$252.7b | AU$23.2b | 15.4x | 24.2x | 2.2x |
| Sun, 03 Mar 2024 | AU$560.0b | AU$253.1b | AU$24.6b | 15.8x | 22.8x | 2.2x |
| Tue, 30 Jan 2024 | AU$612.1b | AU$262.9b | AU$35.0b | 14.6x | 17.5x | 2.3x |
| Thu, 28 Dec 2023 | AU$647.9b | AU$257.8b | AU$33.9b | 14.4x | 19.1x | 2.5x |
| Sat, 25 Nov 2023 | AU$594.2b | AU$263.6b | AU$35.1b | 12.5x | 16.9x | 2.3x |
| Mon, 23 Oct 2023 | AU$567.9b | AU$271.5b | AU$37.2b | 11.8x | 15.3x | 2.1x |
| Wed, 20 Sep 2023 | AU$585.8b | AU$267.9b | AU$36.9b | 12.2x | 15.9x | 2.2x |
| Fri, 18 Aug 2023 | AU$571.0b | AU$282.4b | AU$52.8b | 11.2x | 10.8x | 2x |
| Sun, 16 Jul 2023 | AU$614.3b | AU$270.8b | AU$50.6b | 11.1x | 12.1x | 2.3x |
| Tue, 13 Jun 2023 | AU$591.4b | AU$272.7b | AU$51.2b | 11.9x | 11.6x | 2.2x |
| Thu, 11 May 2023 | AU$596.6b | AU$271.8b | AU$51.3b | 10.8x | 11.6x | 2.2x |
| Sat, 08 Apr 2023 | AU$590.9b | AU$273.6b | AU$51.9b | 10.1x | 11.4x | 2.2x |
| Mon, 06 Mar 2023 | AU$614.7b | AU$266.6b | AU$51.2b | 11.3x | 12x | 2.3x |
| Wed, 01 Feb 2023 | AU$627.1b | AU$262.2b | AU$54.3b | 12.3x | 11.6x | 2.4x |
| Fri, 30 Dec 2022 | AU$573.4b | AU$268.8b | AU$56.2b | 11.2x | 10.2x | 2.1x |
| Sun, 27 Nov 2022 | AU$573.9b | AU$268.1b | AU$56.1b | 11.8x | 10.2x | 2.1x |
| Tue, 25 Oct 2022 | AU$512.0b | AU$275.5b | AU$58.3b | 10.1x | 8.8x | 1.9x |
| Thu, 22 Sep 2022 | AU$523.7b | AU$265.4b | AU$56.1b | 9.5x | 9.3x | 2x |
| Sat, 20 Aug 2022 | AU$550.2b | AU$258.2b | AU$49.6b | 11.5x | 11.1x | 2.1x |
| Mon, 18 Jul 2022 | AU$467.9b | AU$256.1b | AU$49.6b | 10.2x | 9.4x | 1.8x |
| Wed, 15 Jun 2022 | AU$578.5b | AU$273.0b | AU$50.1b | 10.9x | 11.6x | 2.1x |
| Fri, 13 May 2022 | AU$608.1b | AU$271.1b | AU$50.1b | 12.8x | 12.1x | 2.2x |
| Sun, 10 Apr 2022 | AU$682.8b | AU$256.7b | AU$46.6b | 14x | 14.6x | 2.7x |
| Tue, 08 Mar 2022 | AU$659.1b | AU$257.5b | AU$46.8b | 17.3x | 14.1x | 2.6x |
| Thu, 03 Feb 2022 | AU$614.7b | AU$242.6b | AU$41.2b | 16.4x | 14.9x | 2.5x |
| Sat, 01 Jan 2022 | AU$598.3b | AU$238.8b | AU$40.5b | 17.2x | 14.8x | 2.5x |
| Mon, 29 Nov 2021 | AU$553.5b | AU$242.0b | AU$41.2b | 16.1x | 13.4x | 2.3x |
| Wed, 27 Oct 2021 | AU$546.5b | AU$230.7b | AU$38.8b | 16.7x | 14.1x | 2.4x |
| Fri, 24 Sep 2021 | AU$531.9b | AU$235.6b | AU$40.3b | 14.4x | 13.2x | 2.3x |
| Sun, 22 Aug 2021 | AU$559.0b | AU$230.5b | AU$39.4b | 14.5x | 14.2x | 2.4x |
| Fri, 09 Jul 2021 | AU$565.2b | AU$229.9b | AU$39.3b | 14.8x | 14.4x | 2.5x |
Price to Earnings Ratio
18.6x
Current Industry PE
- Investors are optimistic on the Australian Materials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 24.5x which is higher than its 3-year average PE of 13.9x.
- The industry is trading close to its 3-year average PS ratio of 2.3x.
Past Earnings Growth
- The earnings for companies in the Materials industry have declined 8.8% per year over the last three years.
- Meanwhile revenues for these companies have grown 6.2% 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, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Australian Materials sector?
| AU Market | 1.62% | |
| Materials | 0.83% | |
| Basic Materials | 2.26% | |
| Metals and Mining | 0.77% | |
| Paper and Forestry Products | 0.70% | |
| Packaging | -0.38% | |
| Chemicals | -0.53% | |
Industry PE
- Investors are most optimistic about the Chemicals industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 18.1%, which is higher than its past year's earnings decline of 53.6% per year.
- Investors are most pessimistic about the Metals and Mining industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 13.2x.
Forecasted Growth
- Analysts are most optimistic on the Chemicals industry, expecting annual earnings growth of 18% over the next 5 years.
- This is better than its past earnings decline of 54% per year.
- In contrast, the Paper and Forestry Products industry is expected to see its earnings grow by 8.9% 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 | |
|---|---|---|---|---|---|
| BHP BHP Group | AU$43.38 | 2.5% +AU$5.4b | -2.4% | PE19.6x | |
| FMG Fortescue | AU$26.64 | 5.2% +AU$4.1b | 29.1% | PE9.3x | |
| MIN Mineral Resources | AU$77.20 | 7.0% +AU$983.1m | 6.4% | PE38.4x | |
| JHX James Hardie Industries | AU$55.51 | 3.6% +AU$845.9m | 61.9% | PE29.5x | |
| S32 South32 | AU$3.65 | 4.3% +AU$676.9m | -12.0% | PS1.6x |
