What You Can Learn From Orica Limited's (ASX:ORI) P/E
Apr 28
Australian (ASX) Chemicals Industry Analysis
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies29
- 7D-0.5%
- 3M3.7%
- 1Y-8.1%
- YTD1.3%
Over the last 7 days, the Chemicals industry has remained flat, although notably Alpha HPA declined by 3.9%. Unfortunately though, the industry is down 8.1% over the past 12 months. Earnings are forecast to grow by 18% annually.
Industry Valuation and Performance
Has the Australian Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 08 May 2024 | AU$18.4b | AU$17.6b | AU$496.6m | 24.8x | 37x | 1x |
| Fri, 05 Apr 2024 | AU$18.5b | AU$17.6b | AU$488.0m | 25.1x | 38x | 1.1x |
| Sun, 03 Mar 2024 | AU$17.8b | AU$17.6b | AU$518.4m | 22.1x | 34.4x | 1x |
| Tue, 30 Jan 2024 | AU$17.6b | AU$17.6b | AU$423.7m | 21.3x | 41.5x | 1x |
| Thu, 28 Dec 2023 | AU$17.6b | AU$17.6b | AU$429.5m | 20.8x | 40.9x | 1x |
| Sat, 25 Nov 2023 | AU$17.1b | AU$17.6b | AU$429.5m | 20.8x | 39.9x | 1x |
| Mon, 23 Oct 2023 | AU$16.9b | AU$19.2b | AU$1.0b | 19.1x | 16.3x | 0.9x |
| Wed, 20 Sep 2023 | AU$17.9b | AU$19.3b | AU$1.0b | 16.4x | 17.7x | 0.9x |
| Fri, 18 Aug 2023 | AU$17.9b | AU$19.2b | AU$1.0b | 19.4x | 17.5x | 0.9x |
| Sun, 16 Jul 2023 | AU$18.0b | AU$19.2b | AU$1.0b | 23.2x | 17.4x | 0.9x |
| Tue, 13 Jun 2023 | AU$17.8b | AU$19.2b | AU$1.0b | 23.3x | 17.5x | 0.9x |
| Thu, 11 May 2023 | AU$19.6b | AU$18.1b | AU$1.0b | 23.3x | 19.5x | 1.1x |
| Sat, 08 Apr 2023 | AU$19.0b | AU$18.1b | AU$1.0b | 23.2x | 19x | 1.1x |
| Mon, 06 Mar 2023 | AU$19.9b | AU$18.1b | AU$1.1b | 29.3x | 18.3x | 1.1x |
| Wed, 01 Feb 2023 | AU$19.2b | AU$18.0b | AU$1.1b | 25.8x | 17.5x | 1.1x |
| Fri, 30 Dec 2022 | AU$19.7b | AU$18.0b | AU$1.1b | 26.1x | 18.1x | 1.1x |
| Sun, 27 Nov 2022 | AU$20.8b | AU$18.0b | AU$1.1b | 25.8x | 19x | 1.2x |
| Tue, 25 Oct 2022 | AU$18.3b | AU$15.4b | AU$163.4m | 21x | 111.7x | 1.2x |
| Thu, 22 Sep 2022 | AU$19.2b | AU$15.4b | AU$202.0m | 21.3x | 95x | 1.2x |
| Sat, 20 Aug 2022 | AU$20.3b | AU$15.3b | AU$244.2m | 32.8x | 83.2x | 1.3x |
| Mon, 18 Jul 2022 | AU$18.0b | AU$15.3b | AU$262.8m | 32.3x | 68.4x | 1.2x |
| Wed, 15 Jun 2022 | AU$18.4b | AU$15.3b | AU$263.0m | 34.4x | 69.9x | 1.2x |
| Fri, 13 May 2022 | AU$20.1b | AU$13.3b | -AU$48,530,636.00 | 46.6x | -414.4x | 1.5x |
| Sun, 10 Apr 2022 | AU$20.8b | AU$13.3b | -AU$48,044,146.00 | 51.5x | -433.9x | 1.6x |
| Tue, 08 Mar 2022 | AU$18.6b | AU$13.3b | -AU$52,680,636.00 | 45.1x | -352.6x | 1.4x |
| Thu, 03 Feb 2022 | AU$18.6b | AU$13.2b | -AU$30,788,164.00 | 37.3x | -604.2x | 1.4x |
| Sat, 01 Jan 2022 | AU$18.4b | AU$13.2b | -AU$30,629,236.00 | 37.1x | -602x | 1.4x |
| Mon, 29 Nov 2021 | AU$18.2b | AU$13.2b | -AU$35,972,920.00 | 36x | -505.9x | 1.4x |
| Wed, 27 Oct 2021 | AU$18.4b | AU$11.2b | -AU$427,206,033.00 | 52.6x | -43x | 1.6x |
| Fri, 24 Sep 2021 | AU$16.0b | AU$11.2b | -AU$415,525,757.00 | 49.6x | -38.5x | 1.4x |
| Sun, 22 Aug 2021 | AU$15.5b | AU$11.2b | -AU$406,224,554.52 | 48.3x | -38.1x | 1.4x |
| Fri, 09 Jul 2021 | AU$14.8b | AU$11.2b | -AU$406,224,554.52 | 43.8x | -36.4x | 1.3x |
Price to Earnings Ratio
-34.6x
Current Industry PE
- Investors are optimistic on the Australian Chemicals industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 37.0x which is higher than its 3-year average PE of -66.5x.
- The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 1.0x.
Past Earnings Growth
- Total earnings for the Chemicals industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 16% 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 Materials industry?
| AU Market | 1.62% | |
| Materials | 0.83% | |
| Chemicals | -0.53% | |
| Specialty Chemicals | 1.27% | |
| Fertilizers and Agricultural Chemicals | 0.93% | |
| Diversified Chemicals | 0.71% | |
| Industrial Gases | 0% | |
| Commodity Chemicals | -1.62% | |
Industry PE
- Investors are most optimistic about the Fertilizers and Agricultural Chemicals industry even though it's trading below its 3-year average PE ratio of 61.4x.
- Analysts are expecting annual earnings growth of 13.9%, which is higher than its past year's earnings decline of 0.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Specialty Chemicals industry, expecting annual earnings growth of 32% over the next 5 years.
- This is better than its past earnings decline of 57% per year.
- In contrast, the Diversified Chemicals industry is expected to see its earnings grow by 9.2% 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 | |
|---|---|---|---|---|---|
| ORI Orica | AU$18.30 | 2.0% +AU$175.0m | 11.1% | PE30.1x | |
| IPL Incitec Pivot | AU$2.84 | 2.2% +AU$116.5m | -13.1% | PE20x | |
| NUF Nufarm | AU$5.25 | 2.5% +AU$49.7m | -4.2% | PE20.1x | |
| SDV SciDev | AU$0.39 | 11.6% +AU$7.6m | 24.2% | PS0.8x | |
| TTT Titomic | AU$0.07 | 12.9% +AU$7.4m | -23.9% | PS10.9x |
