Here's Why Venus Metals (ASX:VMC) Can Afford Some Debt
Oct 13
Australian (ASX) Precious Metals and Minerals Industry Analysis
UpdatedOct 31, 2023
DataAggregated Company Financials
Companies12
- 7D-0.9%
- 3M-22.3%
- 1Y-25.6%
- YTD-25.1%
Over the last 7 days, the Precious Metals and Minerals industry has dropped 1.1%, driven by Newfield Resources declining 29%. On the other hand IperionX is actually up 5.0%. The industry has fallen 22% in the last year.
Industry Valuation and Performance
Has the Australian Precious Metals and Minerals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | AU$2.7b | AU$1.6b | AU$223.2m | 5.7x | 12.2x | 1.7x |
| Thu, 28 Sep 2023 | AU$3.1b | AU$1.7b | AU$235.2m | 7.8x | 13.4x | 1.9x |
| Sat, 26 Aug 2023 | AU$3.2b | AU$2.0b | AU$416.4m | 42.8x | 7.7x | 1.6x |
| Mon, 24 Jul 2023 | AU$3.4b | AU$1.9b | AU$392.3m | 62.1x | 8.8x | 1.8x |
| Wed, 21 Jun 2023 | AU$3.3b | AU$1.9b | AU$388.1m | 68.3x | 8.4x | 1.7x |
| Fri, 19 May 2023 | AU$3.3b | AU$1.9b | AU$398.1m | 68.4x | 8.3x | 1.7x |
| Sun, 16 Apr 2023 | AU$3.4b | AU$1.9b | AU$393.8m | 70.6x | 8.7x | 1.8x |
| Tue, 14 Mar 2023 | AU$3.5b | AU$2.0b | AU$415.6m | 5.9x | 8.5x | 1.8x |
| Thu, 09 Feb 2023 | AU$3.9b | AU$2.0b | AU$397.6m | 7.3x | 9.9x | 2x |
| Sat, 07 Jan 2023 | AU$3.7b | AU$2.0b | AU$404.3m | 7.2x | 9.3x | 1.9x |
| Mon, 05 Dec 2022 | AU$3.7b | AU$2.0b | AU$409.7m | 9.1x | 9x | 1.8x |
| Wed, 02 Nov 2022 | AU$3.5b | AU$2.1b | AU$435.7m | 6x | 8x | 1.6x |
| Fri, 30 Sep 2022 | AU$3.3b | AU$2.1b | AU$440.8m | 4.4x | 7.5x | 1.6x |
| Sun, 28 Aug 2022 | AU$3.7b | AU$2.0b | AU$640.1m | 4.3x | 5.8x | 1.8x |
| Tue, 26 Jul 2022 | AU$3.3b | AU$2.0b | AU$647.6m | 4.6x | 5.1x | 1.6x |
| Thu, 23 Jun 2022 | AU$3.3b | AU$2.0b | AU$644.1m | 5.3x | 5.1x | 1.6x |
| Sat, 21 May 2022 | AU$4.0b | AU$2.0b | AU$638.0m | 6.5x | 6.2x | 2x |
| Mon, 18 Apr 2022 | AU$4.5b | AU$1.9b | AU$607.9m | 8.6x | 7.4x | 2.4x |
| Wed, 16 Mar 2022 | AU$3.6b | AU$1.9b | AU$645.2m | 4.2x | 5.5x | 1.9x |
| Fri, 11 Feb 2022 | AU$3.4b | AU$2.1b | AU$774.6m | 7.2x | 4.4x | 1.6x |
| Sun, 09 Jan 2022 | AU$3.4b | AU$2.1b | AU$776.6m | 7.8x | 4.3x | 1.6x |
| Tue, 07 Dec 2021 | AU$3.0b | AU$2.1b | AU$793.2m | 7.5x | 3.8x | 1.4x |
| Thu, 04 Nov 2021 | AU$3.2b | AU$2.0b | AU$749.6m | 7.2x | 4.2x | 1.6x |
| Sat, 02 Oct 2021 | AU$3.0b | AU$2.1b | AU$770.9m | 6x | 3.9x | 1.4x |
| Mon, 30 Aug 2021 | AU$3.3b | AU$1.9b | AU$747.3m | 10.3x | 4.4x | 1.7x |
| Tue, 06 Jul 2021 | AU$2.8b | AU$1.9b | AU$747.3m | 12.3x | 3.7x | 1.4x |
| Fri, 09 Apr 2021 | AU$3.3b | AU$1.8b | AU$652.5m | 9.6x | 5x | 1.8x |
| Thu, 31 Dec 2020 | AU$1.9b | AU$1.7b | AU$561.1m | 7.3x | 3.3x | 1.1x |
Price to Earnings Ratio
3.5x
Current Industry PE
- Investors are optimistic on the Australian Precious Metals and Minerals industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 12.5x which is higher than its 3-year average PE of 6.4x.
- The industry is trading close to its 3-year average PS ratio of 1.7x.
Past Earnings Growth
- The earnings for companies in the Precious Metals and Minerals industry have declined 22% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, 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 Precious Metals and Minerals compare with similar industries?
| AU Market | -0.99% | |
| Materials | 2.87% | |
| Metals and Mining | 3.36% | |
| Precious Metals and Minerals | -0.91% | |
| Steel | 6.38% | |
| Diversified Metals and Mining | 3.61% | |
| Aluminum | 1.78% | |
| Copper | 0.91% | |
| Silver | 0% | |
| Gold | -0.94% | |
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 | |
|---|---|---|---|---|---|
| IPX IperionX | AU$1.25 | 11.6% +AU$25.3m | 76.1% | PB7.5x | |
| TMS Tennant Minerals | AU$0.029 | 11.5% +AU$2.3m | -9.4% | PB6.3x | |
| PGM Platina Resources | AU$0.023 | 4.5% +AU$623.2k | 21.1% | PS620.4x |