Is BHP Group (ASX:BHP) A Risky Investment?
May 02
Australian (ASX) Diversified Metals and Mining Industry Analysis
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies474
- 7D1.0%
- 3M0.08%
- 1Y-9.6%
- YTDn/a
In the last week, the Diversified Metals and Mining industry is up 1.0%, with BHP Group up 2.5%. Meanwhile, Imdex actually underperformed within the industry, shrinking 9.3% in the last week. In the past year, the industry is down 9.6%. Looking forward, earnings are forecast to grow by 20% annually.
Industry Valuation and Performance
Has the Australian Diversified Metals and Mining Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 08 May 2024 | AU$320.6b | AU$121.6b | AU$9.2b | 15.2x | 34.8x | 2.6x |
| Fri, 05 Apr 2024 | AU$321.4b | AU$123.1b | AU$9.2b | 13.8x | 35x | 2.6x |
| Sun, 03 Mar 2024 | AU$325.1b | AU$123.5b | AU$9.8b | 16.7x | 33.1x | 2.6x |
| Tue, 30 Jan 2024 | AU$336.5b | AU$127.9b | AU$21.0b | 9.9x | 16x | 2.6x |
| Thu, 28 Dec 2023 | AU$371.6b | AU$124.4b | AU$20.3b | 10.5x | 18.3x | 3x |
| Sat, 25 Nov 2023 | AU$344.4b | AU$128.4b | AU$21.1b | 9.8x | 16.3x | 2.7x |
| Mon, 23 Oct 2023 | AU$333.2b | AU$132.5b | AU$21.9b | 9.7x | 15.2x | 2.5x |
| Wed, 20 Sep 2023 | AU$347.9b | AU$130.0b | AU$21.6b | 8.2x | 16.1x | 2.7x |
| Fri, 18 Aug 2023 | AU$339.9b | AU$141.3b | AU$35.3b | 8.4x | 9.6x | 2.4x |
| Sun, 16 Jul 2023 | AU$368.0b | AU$134.4b | AU$33.4b | 9x | 11x | 2.7x |
| Tue, 13 Jun 2023 | AU$359.0b | AU$135.7b | AU$33.8b | 8.4x | 10.6x | 2.6x |
| Thu, 11 May 2023 | AU$357.8b | AU$135.7b | AU$33.7b | 8.3x | 10.6x | 2.6x |
| Sat, 08 Apr 2023 | AU$352.8b | AU$137.1b | AU$34.1b | 8.4x | 10.3x | 2.6x |
| Mon, 06 Mar 2023 | AU$383.1b | AU$134.9b | AU$34.2b | 9.7x | 11.2x | 2.8x |
| Wed, 01 Feb 2023 | AU$395.0b | AU$133.5b | AU$34.5b | 11.9x | 11.4x | 3x |
| Fri, 30 Dec 2022 | AU$357.4b | AU$138.2b | AU$35.9b | 9.5x | 10x | 2.6x |
| Sun, 27 Nov 2022 | AU$362.4b | AU$137.7b | AU$35.8b | 10x | 10.1x | 2.6x |
| Tue, 25 Oct 2022 | AU$327.1b | AU$145.3b | AU$38.0b | 9.8x | 8.6x | 2.3x |
| Thu, 22 Sep 2022 | AU$329.1b | AU$138.5b | AU$36.4b | 9.7x | 9x | 2.4x |
| Sat, 20 Aug 2022 | AU$339.2b | AU$129.6b | AU$25.0b | 11.5x | 13.6x | 2.6x |
| Mon, 18 Jul 2022 | AU$284.1b | AU$131.8b | AU$25.6b | 10.5x | 11.1x | 2.2x |
| Wed, 15 Jun 2022 | AU$340.6b | AU$129.6b | AU$25.1b | 10.7x | 13.6x | 2.6x |
| Fri, 13 May 2022 | AU$356.0b | AU$129.6b | AU$25.1b | 13x | 14.2x | 2.7x |
| Sun, 10 Apr 2022 | AU$411.0b | AU$121.6b | AU$23.4b | 14.2x | 17.6x | 3.4x |
| Tue, 08 Mar 2022 | AU$401.1b | AU$123.3b | AU$23.8b | 19.8x | 16.8x | 3.3x |
| Thu, 03 Feb 2022 | AU$360.3b | AU$111.4b | AU$17.0b | 22.1x | 21.3x | 3.2x |
| Sat, 01 Jan 2022 | AU$338.4b | AU$109.4b | AU$16.6b | 22.8x | 20.4x | 3.1x |
| Mon, 29 Nov 2021 | AU$305.8b | AU$111.3b | AU$16.9b | 24.4x | 18.1x | 2.7x |
| Wed, 27 Oct 2021 | AU$303.6b | AU$106.4b | AU$16.2b | 24.9x | 18.7x | 2.9x |
| Fri, 24 Sep 2021 | AU$294.2b | AU$109.3b | AU$17.0b | 14.5x | 17.3x | 2.7x |
| Sun, 22 Aug 2021 | AU$305.4b | AU$105.9b | AU$16.5b | 14.7x | 18.5x | 2.9x |
| Fri, 09 Jul 2021 | AU$305.4b | AU$105.2b | AU$16.5b | 14.3x | 18.5x | 2.9x |
Price to Earnings Ratio
23.7x
Current Industry PE
- Investors are optimistic on the Australian Diversified Metals and Mining industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 34.8x which is higher than its 3-year average PE of 15.9x.
- The industry is trading close to its 3-year average PS ratio of 2.7x.
Past Earnings Growth
- The earnings for companies in the Diversified Metals and Mining industry have declined 10% per year over the last three years.
- Meanwhile revenues for these companies have grown 9.5% 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 Comparison
How does Australian Diversified Metals and Mining compare with similar industries?
| AU Market | 1.62% | |
| Materials | 0.83% | |
| Metals and Mining | 0.77% | |
| Diversified Metals and Mining | 1.03% | |
| Silver | 3.03% | |
| Steel | 1.79% | |
| Copper | 1.61% | |
| Precious Metals and Minerals | 0.071% | |
| Aluminum | -0.98% | |
| Gold | -2.33% | |
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 | |
|---|---|---|---|---|---|
| BHP BHP Group | AU$43.38 | 2.5% +AU$5.4b | -2.4% | PE19.6x | |
| MIN Mineral Resources | AU$77.20 | 7.0% +AU$983.1m | 6.4% | PE38.4x | |
| S32 South32 | AU$3.65 | 4.3% +AU$676.9m | -12.0% | PS1.6x | |
| PLS Pilbara Minerals | AU$4.18 | 2.7% +AU$331.1m | -8.1% | PE9.2x | |
| LTR Liontown Resources | AU$1.33 | 8.6% +AU$254.6m | -54.0% | PB4x |
