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Australian (ASX) Energy Services Industry Analysis

UpdatedOct 30, 2023
DataAggregated Company Financials
  • 7D1.2%
  • 3M-2.5%
  • 1Y68.4%
  • YTD23.5%

In the last week, the Energy Services industry is up 2.2%, with MMA Offshore up 2.0%. Meanwhile, Matrix Composites & Engineering actually underperformed within the industry, shrinking 10% in the last week. This takes the industry's 12 month performance to a gain of 70%. Looking forward, earnings are forecast to decline by 76% per year.

Industry Valuation and Performance

Has the Australian Energy Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 31 Oct 2023AU$566.0mAU$408.4mAU$132.3m5.6x4.3x1.4x
Thu, 28 Sep 2023AU$583.3mAU$412.5mAU$134.7m3.9x4.3x1.4x
Sat, 26 Aug 2023AU$606.2mAU$389.8mAU$125.1m4.3x4.8x1.6x
Mon, 24 Jul 2023AU$545.0mAU$389.8mAU$125.3m3.9x4.3x1.4x
Wed, 21 Jun 2023AU$513.1mAU$389.7mAU$125.4m3.5x4.1x1.3x
Fri, 19 May 2023AU$502.0mAU$389.7mAU$125.4m3.4x4x1.3x
Sun, 16 Apr 2023AU$521.2mAU$389.7mAU$125.5m4.1x4.2x1.3x
Tue, 14 Mar 2023AU$8.4bAU$10.8bAU$120.0m3.5x69.8x0.8x
Thu, 09 Feb 2023AU$8.4bAU$10.0bAU$195.2m11.2x42.9x0.8x
Sat, 07 Jan 2023AU$8.2bAU$10.0bAU$195.1m10.4x42.1x0.8x
Mon, 05 Dec 2022AU$8.0bAU$10.0bAU$203.0m8.8x39.2x0.8x
Wed, 02 Nov 2022AU$8.0bAU$10.0bAU$203.0m7.6x39.5x0.8x
Fri, 30 Sep 2022AU$6.9bAU$10.0bAU$200.7m9x34.5x0.7x
Sun, 28 Aug 2022AU$8.4bAU$10.0bAU$180.6m9.5x46.4x0.8x
Tue, 26 Jul 2022AU$7.5bAU$9.6bAU$99.8m30.9x75.3x0.8x
Thu, 23 Jun 2022AU$7.4bAU$9.6bAU$99.8m29.8x74.1x0.8x
Sat, 21 May 2022AU$8.0bAU$9.6bAU$99.8m32.9x80.2x0.8x
Mon, 18 Apr 2022AU$7.6bAU$9.6bAU$99.8m29.8x75.9x0.8x
Wed, 16 Mar 2022AU$6.8bAU$9.6bAU$91.2m27.2x75x0.7x
Fri, 11 Feb 2022AU$6.5bAU$9.8bAU$51.7m72.9x125.7x0.7x
Sun, 09 Jan 2022AU$6.0bAU$9.8bAU$52.4m62.7x114x0.6x
Tue, 07 Dec 2021AU$5.5bAU$9.8bAU$52.5m56.2x105.5x0.6x
Thu, 04 Nov 2021AU$5.9bAU$9.9bAU$61.5m64.5x96.3x0.6x
Sat, 02 Oct 2021AU$5.4bAU$9.9bAU$61.3m57.9x87.4x0.5x
Mon, 30 Aug 2021AU$5.9bAU$9.9bAU$89.4m54.8x66.3x0.6x
Tue, 06 Jul 2021AU$6.5bAU$9.9bAU$89.4m63x72.6x0.7x
Fri, 09 Apr 2021AU$5.7bAU$10.6bAU$45.9m37.2x124.2x0.5x
Thu, 31 Dec 2020AU$6.2bAU$11.4b-AU$64,833,139.2753.9x-96.1x0.5x
Price to Earnings Ratio


Total Market Cap: AU$5.1bTotal Earnings: -AU$29,204,434.63Total Revenue: AU$12.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Energy Services Industry Price to Earnings3Y Average 41x202120222023
Current Industry PE
  • Investors are pessimistic on the Australian Energy Services 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 4.3x which is lower than its 3-year average PE of 41.0x.
  • The 3-year average PS ratio of 0.81x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • Total earnings for the Energy Services industry have gone up over the last three years and the industry is now profitable.
  • Revenues have declined 68% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Australian Energy industry?

AU Market-0.99%
Energy Services1.24%
Oil and Gas Services1.39%
Oil and Gas Drilling-6.25%
Industry PE
  • Investors are most optimistic about the Oil and Gas Drilling industry which is trading above its 3-year average PE ratio.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Oil and Gas Services industry, which is trading below its 3-year average of 40.7x.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Oil and Gas Services industry since they expect its earnings to decline by only 76% per year over the next 5 years, which isn't as bad as the other industries.
  • This is a reversal from its past annual earnings growth rate of 283% per year.
  • In contrast, the Oil and Gas Services industry is expected to see its earnings decline by 76% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
MRM MMA OffshoreAU$1.292.0%
SRJ SRJ Technologies GroupAU$0.1026.5%
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