When Should You Buy McMillan Shakespeare Limited (ASX:MMS)?
Oct 25
Australian (ASX) HR Services Industry Analysis
UpdatedOct 31, 2023
DataAggregated Company Financials
Companies10
- 7D4.8%
- 3M-7.5%
- 1Y-12.3%
- YTD1.9%
Over the last 7 days, the HR Services industry has risen 4.9%, driven by gains from McMillan Shakespeare of 11%. Meanwhile, Peoplein actually underperformed within the industry, shrinking 7.2% in the last week. However, the industry is down 11% over the past year. As for the next few years, earnings are expected to grow by 14% per annum.
Industry Valuation and Performance
Has the Australian HR Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | AU$4.6b | AU$4.6b | AU$259.1m | 17.3x | 17.6x | 1x |
| Thu, 28 Sep 2023 | AU$4.4b | AU$4.6b | AU$259.1m | 16.3x | 17x | 1x |
| Sat, 26 Aug 2023 | AU$4.6b | AU$4.2b | AU$286.2m | 17.2x | 16x | 1.1x |
| Mon, 24 Jul 2023 | AU$4.8b | AU$4.1b | AU$304.3m | 16.2x | 15.9x | 1.2x |
| Wed, 21 Jun 2023 | AU$4.8b | AU$4.1b | AU$304.3m | 15.4x | 15.6x | 1.2x |
| Fri, 19 May 2023 | AU$4.3b | AU$4.1b | AU$304.3m | 14.1x | 14.1x | 1x |
| Sun, 16 Apr 2023 | AU$4.3b | AU$4.1b | AU$304.3m | 14x | 14.3x | 1.1x |
| Tue, 14 Mar 2023 | AU$4.4b | AU$4.1b | AU$304.3m | 13.3x | 14.4x | 1.1x |
| Thu, 09 Feb 2023 | AU$4.6b | AU$3.6b | AU$195.7m | 18.8x | 23.4x | 1.3x |
| Sat, 07 Jan 2023 | AU$4.5b | AU$3.6b | AU$195.7m | 18x | 22.9x | 1.3x |
| Mon, 05 Dec 2022 | AU$5.1b | AU$3.6b | AU$195.7m | 18.3x | 26.3x | 1.4x |
| Wed, 02 Nov 2022 | AU$5.2b | AU$3.6b | AU$195.7m | 18.5x | 26.8x | 1.5x |
| Fri, 30 Sep 2022 | AU$5.3b | AU$3.6b | AU$195.7m | 17.2x | 27x | 1.5x |
| Sun, 28 Aug 2022 | AU$5.7b | AU$3.1b | AU$107.0m | 17.8x | 53.6x | 1.8x |
| Tue, 26 Jul 2022 | AU$5.4b | AU$3.0b | AU$95.0m | 20.3x | 57.1x | 1.8x |
| Thu, 23 Jun 2022 | AU$4.4b | AU$3.0b | AU$95.0m | 18.4x | 46.2x | 1.5x |
| Sat, 21 May 2022 | AU$5.7b | AU$3.0b | AU$95.0m | 20.7x | 59.5x | 1.9x |
| Mon, 18 Apr 2022 | AU$5.9b | AU$3.0b | AU$95.0m | 20.8x | 61.6x | 2x |
| Wed, 16 Mar 2022 | AU$5.3b | AU$5.2b | AU$90.7m | 21x | 57.9x | 1x |
| Fri, 11 Feb 2022 | AU$2.8b | AU$1.8b | AU$137.4m | 19.2x | 20.4x | 1.5x |
| Sun, 09 Jan 2022 | AU$2.8b | AU$1.8b | AU$136.7m | 17.3x | 20.3x | 1.5x |
| Tue, 07 Dec 2021 | AU$2.7b | AU$1.8b | AU$137.9m | 15.1x | 19.8x | 1.5x |
| Thu, 04 Nov 2021 | AU$3.0b | AU$1.8b | AU$137.9m | 17.4x | 22.1x | 1.6x |
| Sat, 02 Oct 2021 | AU$3.2b | AU$1.8b | AU$138.4m | 18.1x | 23.1x | 1.7x |
| Mon, 30 Aug 2021 | AU$2.9b | AU$1.8b | AU$138.4m | 15.9x | 21.2x | 1.6x |
| Tue, 06 Jul 2021 | AU$3.1b | AU$1.8b | AU$135.3m | 17.7x | 23x | 1.7x |
| Fri, 09 Apr 2021 | AU$2.4b | AU$1.7b | AU$101.0m | 17.7x | 24.2x | 1.4x |
| Thu, 31 Dec 2020 | AU$2.5b | AU$1.6b | AU$64.7m | 15.4x | 39x | 1.6x |
Price to Earnings Ratio
31.3x
Current Industry PE
- Investors are pessimistic on the Australian Human Resource and Employment 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 17.8x which is lower than its 3-year average PE of 29.5x.
- The 3-year average PS ratio of 1.5x is higher than the industry's current PS ratio of 1.0x.
Past Earnings Growth
- The earnings for companies in the Human Resource and Employment Services industry have grown 58% per year over the last three years.
- Revenues for these companies have grown 41% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Australian HR Services compare with similar industries?
| AU Market | -0.99% | |
| Industrials | -1.75% | |
| Professional Services | -1.98% | |
| HR Services | 4.76% | |
| Research and Consulting Services | -3.32% | |
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 | |
|---|---|---|---|---|---|
| MMS McMillan Shakespeare | AU$16.76 | 11.2% +AU$117.7m | 27.9% | PE18.1x | |
| SIQ Smartgroup | AU$8.51 | 6.6% +AU$68.8m | 73.0% | PE19.4x | |
| APM APM Human Services International | AU$2.02 | 1.5% +AU$27.5m | -38.2% | PE17.3x | |
| FLN Freelancer | AU$0.22 | 12.8% +AU$11.3m | 0% | PS1.9x | |
| AQN Aquirian | AU$0.22 | 7.3% +AU$1.2m | -34.3% | PE32.5x |
