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Oct 30
U.S. Machinery Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies209
- 7D-2.8%
- 3M-15.2%
- 1Y3.2%
- YTD-0.1%
Over the last 7 days, the Machinery industry has dropped 2.8%, driven by a pullback from Caterpillar of 3.5%. This takes the industry's 12 month performance to a gain of 3.2%. As for the next few years, earnings are expected to grow by 12% per annum.
Industry Valuation and Performance
Has the U.S. Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | US$810.5b | US$478.5b | US$45.4b | 18.2x | 17.9x | 1.7x |
| Wed, 27 Sep 2023 | US$859.7b | US$475.1b | US$44.4b | 19.8x | 19.4x | 1.8x |
| Fri, 25 Aug 2023 | US$893.5b | US$475.1b | US$44.5b | 19.8x | 20.1x | 1.9x |
| Sun, 23 Jul 2023 | US$942.6b | US$459.8b | US$40.2b | 20.5x | 23.4x | 2x |
| Tue, 20 Jun 2023 | US$896.1b | US$460.9b | US$40.5b | 20.1x | 22.2x | 1.9x |
| Thu, 18 May 2023 | US$806.0b | US$456.7b | US$39.6b | 18.4x | 20.3x | 1.8x |
| Sat, 15 Apr 2023 | US$820.2b | US$444.6b | US$38.3b | 20x | 21.4x | 1.8x |
| Mon, 13 Mar 2023 | US$825.3b | US$443.0b | US$38.0b | 22x | 21.7x | 1.9x |
| Wed, 08 Feb 2023 | US$860.2b | US$437.5b | US$37.1b | 23.6x | 23.2x | 2x |
| Fri, 06 Jan 2023 | US$810.5b | US$439.3b | US$35.9b | 21.1x | 22.6x | 1.8x |
| Sun, 04 Dec 2022 | US$846.4b | US$439.7b | US$35.8b | 21.4x | 23.7x | 1.9x |
| Tue, 01 Nov 2022 | US$789.4b | US$429.6b | US$36.3b | 21.1x | 21.7x | 1.8x |
| Thu, 29 Sep 2022 | US$685.2b | US$421.7b | US$35.2b | 18.8x | 19.5x | 1.6x |
| Sat, 27 Aug 2022 | US$753.0b | US$421.5b | US$35.3b | 20.8x | 21.3x | 1.8x |
| Mon, 25 Jul 2022 | US$709.1b | US$411.0b | US$35.5b | 21.1x | 20x | 1.7x |
| Wed, 22 Jun 2022 | US$686.2b | US$409.9b | US$35.5b | 21x | 19.3x | 1.7x |
| Fri, 20 May 2022 | US$738.5b | US$408.1b | US$35.3b | 21.2x | 20.9x | 1.8x |
| Sun, 17 Apr 2022 | US$803.2b | US$401.4b | US$36.2b | 23x | 22.2x | 2x |
| Tue, 15 Mar 2022 | US$796.0b | US$402.5b | US$36.2b | 25x | 22x | 2x |
| Thu, 10 Feb 2022 | US$849.4b | US$399.9b | US$36.5b | 27.7x | 23.3x | 2.1x |
| Sat, 08 Jan 2022 | US$900.7b | US$397.1b | US$36.3b | 30.2x | 24.8x | 2.3x |
| Mon, 06 Dec 2021 | US$862.6b | US$397.0b | US$36.2b | 29.5x | 23.8x | 2.2x |
| Wed, 03 Nov 2021 | US$886.3b | US$390.4b | US$33.9b | 29.8x | 26.1x | 2.3x |
| Fri, 01 Oct 2021 | US$832.2b | US$387.0b | US$32.7b | 29.2x | 25.4x | 2.2x |
| Sun, 29 Aug 2021 | US$904.6b | US$384.7b | US$31.5b | 30.9x | 28.7x | 2.4x |
| Mon, 05 Jul 2021 | US$877.6b | US$377.1b | US$30.6b | 30.8x | 28.7x | 2.3x |
| Thu, 08 Apr 2021 | US$873.4b | US$351.5b | US$24.3b | 32.6x | 36x | 2.5x |
| Sun, 10 Jan 2021 | US$749.2b | US$342.6b | US$21.1b | 31x | 35.5x | 2.2x |
Price to Earnings Ratio
32.4x
Current Industry PE
- Investors are pessimistic on the American Machinery 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 17.9x which is lower than its 3-year average PE of 25.6x.
- The 3-year average PS ratio of 2.0x is higher than the industry's current PS ratio of 1.7x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have grown 33% per year over the last three years.
- Revenues for these companies have grown 12% 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 U.S. Industrials industry?
| US Market | -2.42% | |
| Industrials | -2.64% | |
| Machinery | -2.77% | |
| Construction Machinery and Vehicles | -2.34% | |
| Industrial Machinery | -2.83% | |
| Agricultural Machinery | -3.33% | |
Industry PE
- Investors are most optimistic about the Industrial Machinery industry, which is trading close to its 3-year average PE ratio of 30.2x.
- Analysts are expecting annual earnings growth of 20.7%, which is higher than its past year's earnings growth of 13.8% per year.
- Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 21.8x.
Forecasted Growth
- Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 21% over the next 5 years.
- This is better than its past earnings growth rate of 14% per year.
- In contrast, the Agricultural Machinery industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|
| PCAR PACCAR | US$83.29 | 2.4% +US$1.0b | 29.0% | PE10.6x | |
| WAB Westinghouse Air Brake Technologies | US$104.00 | 5.3% +US$945.2m | 11.5% | PE24.6x | |
| SWK Stanley Black & Decker | US$82.03 | 5.0% +US$602.2m | 4.5% | PS0.8x | |
| GGG Graco | US$73.51 | 4.9% +US$569.7m | 5.6% | PE23.7x | |
| IR Ingersoll Rand | US$60.57 | 2.1% +US$509.5m | 19.9% | PE35.6x |
