Returns On Capital At ARB (ASX:ARB) Paint A Concerning Picture
Oct 04
Australian (ASX) Auto Components Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies9
- 7D-0.9%
- 3M1.5%
- 1Y13.2%
- YTD13.9%
Last week, the Auto Components industry hasn't moved much but RPM Automotive Group is up 6.8% in that time. The past year has been better, since the industry has gained 13% in that time. Earnings are forecast to grow by 11% annually.
Industry Valuation and Performance
Has the Australian Auto Components Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | AU$5.4b | AU$2.3b | AU$151.9m | 15.4x | 35.2x | 2.3x |
| Wed, 27 Sep 2023 | AU$5.8b | AU$2.3b | AU$151.9m | 17.1x | 38.3x | 2.5x |
| Fri, 25 Aug 2023 | AU$6.0b | AU$2.3b | AU$172.3m | 18.3x | 34.8x | 2.6x |
| Sun, 23 Jul 2023 | AU$5.1b | AU$2.3b | AU$148.6m | 22.9x | 34.1x | 2.2x |
| Tue, 20 Jun 2023 | AU$4.8b | AU$2.3b | AU$148.6m | 19.7x | 32.6x | 2.1x |
| Thu, 18 May 2023 | AU$5.1b | AU$2.3b | AU$148.6m | 20.7x | 34.2x | 2.2x |
| Sat, 15 Apr 2023 | AU$5.5b | AU$2.3b | AU$148.6m | 21.3x | 36.7x | 2.4x |
| Mon, 13 Mar 2023 | AU$5.4b | AU$2.3b | AU$148.6m | 23.9x | 36.3x | 2.4x |
| Wed, 08 Feb 2023 | AU$5.2b | AU$2.1b | AU$161.5m | 21.1x | 32x | 2.5x |
| Fri, 06 Jan 2023 | AU$4.9b | AU$2.1b | AU$161.5m | 19.9x | 30.1x | 2.4x |
| Sun, 04 Dec 2022 | AU$5.1b | AU$2.1b | AU$161.5m | 21.1x | 31.6x | 2.5x |
| Tue, 01 Nov 2022 | AU$5.0b | AU$2.1b | AU$161.5m | 19.2x | 31x | 2.4x |
| Thu, 29 Sep 2022 | AU$4.5b | AU$1.9b | AU$157.5m | 18.3x | 28.5x | 2.3x |
| Sat, 27 Aug 2022 | AU$5.1b | AU$1.9b | AU$163.2m | 21x | 31x | 2.6x |
| Mon, 25 Jul 2022 | AU$5.1b | AU$1.7b | AU$188.4m | 20.9x | 27.1x | 3x |
| Wed, 22 Jun 2022 | AU$4.3b | AU$1.7b | AU$188.4m | 17x | 22.7x | 2.5x |
| Fri, 20 May 2022 | AU$5.4b | AU$1.7b | AU$188.4m | 19.6x | 28.8x | 3.2x |
| Sun, 17 Apr 2022 | AU$6.4b | AU$1.7b | AU$188.4m | 24.4x | 33.9x | 3.7x |
| Tue, 15 Mar 2022 | AU$6.1b | AU$1.7b | AU$188.4m | 24.2x | 32.3x | 3.6x |
| Thu, 10 Feb 2022 | AU$7.0b | AU$1.6b | AU$201.9m | 25.6x | 34.7x | 4.5x |
| Sat, 08 Jan 2022 | AU$7.4b | AU$1.6b | AU$201.9m | 25.1x | 36.5x | 4.8x |
| Mon, 06 Dec 2021 | AU$6.8b | AU$1.6b | AU$201.9m | 18.8x | 33.4x | 4.4x |
| Wed, 03 Nov 2021 | AU$6.7b | AU$1.6b | AU$201.9m | 20.9x | 33.4x | 4.3x |
| Fri, 01 Oct 2021 | AU$6.5b | AU$1.6b | AU$202.4m | 20.4x | 32.1x | 4.2x |
| Sun, 29 Aug 2021 | AU$6.7b | AU$1.5b | AU$196.3m | 19.8x | 34.1x | 4.4x |
| Mon, 05 Jul 2021 | AU$6.0b | AU$1.5b | AU$196.3m | 20x | 30.4x | 3.9x |
| Thu, 08 Apr 2021 | AU$5.1b | AU$1.4b | AU$176.8m | 18.2x | 29x | 3.6x |
| Sun, 10 Jan 2021 | AU$4.8b | AU$1.3b | AU$155.9m | 22.8x | 30.6x | 3.7x |
Price to Earnings Ratio
52.4x
Current Industry PE
- Investors are relatively neutral on the Australian Auto Components industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 33.4x.
- The 3-year average PS ratio of 3.3x is higher than the industry's current PS ratio of 2.3x.
Past Earnings Growth
- The earnings for companies in the Auto Components industry have grown 19% per year over the last three years.
- Revenues for these companies have grown 23% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Australian Consumer Discretionary industry?
| AU Market | -1.02% | |
| Consumer Discretionary | -0.91% | |
| Auto Components | -0.90% | |
| Tires and Rubber | 0% | |
| Auto Parts and Equipment | -0.90% | |
Industry PE
- Investors are most optimistic about the Auto Parts and Equipment industry, which is trading close to its 3-year average PE ratio of 33.4x.
- Analysts are expecting annual earnings growth of 10.6%, which is higher than its past year's earnings growth of 4.4% per year.
- Investors are most pessimistic about the Auto Parts and Equipment industry, which is trading close to its 3-year average of 33.4x.
Forecasted Growth
- Analysts are most optimistic on the Auto Parts and Equipment industry, expecting annual earnings growth of 11% over the next 5 years.
- This is better than its past earnings growth rate of 4.4% per year.
- In contrast, the Auto Parts and Equipment industry is expected to see its earnings grow by 11% 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 | |
|---|---|---|---|---|---|
| RPM RPM Automotive Group | AU$0.078 | 6.8% +AU$977.2k | -61.0% | PE8.6x | |
| CBR Carbon Revolution | AU$0.14 | 0% AU$118.5k | -64.5% | PS0.8x |