Are Investors Undervaluing ALS Limited (ASX:ALQ) By 23%?
Oct 20
Australian (ASX) Research and Consulting Services Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies14
- 7D-2.0%
- 3M-8.9%
- 1Y-12.0%
- YTD-12.7%
Over the last 7 days, the Research and Consulting Services industry has dropped 2.1%, driven by a pullback from ALS of 2.5%. In contrast, Kelly Partners Group Holdings has gained 5.2%. The industry has fallen 12% in the last year. As for the next few years, earnings are expected to grow by 9.4% per annum.
Industry Valuation and Performance
Has the Australian Research and Consulting Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | AU$7.5b | AU$3.3b | AU$313.0m | 22.3x | 23.9x | 2.3x |
| Wed, 27 Sep 2023 | AU$7.9b | AU$3.3b | AU$304.6m | 23.3x | 25.9x | 2.4x |
| Fri, 25 Aug 2023 | AU$7.8b | AU$3.2b | AU$295.5m | 23.7x | 26.5x | 2.4x |
| Sun, 23 Jul 2023 | AU$8.0b | AU$3.2b | AU$287.4m | 26.5x | 27.8x | 2.5x |
| Tue, 20 Jun 2023 | AU$8.1b | AU$3.2b | AU$287.8m | 26.7x | 28.3x | 2.6x |
| Thu, 18 May 2023 | AU$8.5b | AU$3.2b | AU$276.4m | 27.9x | 30.7x | 2.7x |
| Sat, 15 Apr 2023 | AU$8.7b | AU$3.2b | AU$276.4m | 27.4x | 31.3x | 2.7x |
| Mon, 13 Mar 2023 | AU$8.0b | AU$3.2b | AU$276.5m | 27.2x | 29.1x | 2.5x |
| Wed, 08 Feb 2023 | AU$8.9b | AU$3.1b | AU$293.2m | 29.7x | 30.2x | 2.9x |
| Fri, 06 Jan 2023 | AU$8.6b | AU$3.1b | AU$294.2m | 28.7x | 29.3x | 2.8x |
| Sun, 04 Dec 2022 | AU$8.6b | AU$3.1b | AU$294.3m | 29.5x | 29.1x | 2.8x |
| Tue, 01 Nov 2022 | AU$8.5b | AU$2.9b | AU$220.9m | 34.2x | 38.4x | 2.9x |
| Thu, 29 Sep 2022 | AU$7.7b | AU$2.9b | AU$221.6m | 32x | 34.7x | 2.6x |
| Sat, 27 Aug 2022 | AU$8.8b | AU$2.9b | AU$227.3m | 35.5x | 38.6x | 3x |
| Mon, 25 Jul 2022 | AU$7.9b | AU$2.9b | AU$223.2m | 31.7x | 35.4x | 2.7x |
| Wed, 22 Jun 2022 | AU$7.5b | AU$2.9b | AU$222.9m | 29.6x | 33.8x | 2.6x |
| Fri, 20 May 2022 | AU$8.4b | AU$2.8b | AU$211.0m | 33.5x | 39.6x | 3x |
| Sun, 17 Apr 2022 | AU$8.8b | AU$2.8b | AU$211.2m | 34.1x | 41.7x | 3.2x |
| Tue, 15 Mar 2022 | AU$8.7b | AU$2.8b | AU$212.1m | 34.4x | 41.2x | 3.2x |
| Thu, 10 Feb 2022 | AU$8.4b | AU$2.7b | AU$208.6m | 33.1x | 40.5x | 3.1x |
| Sat, 08 Jan 2022 | AU$10.0b | AU$2.7b | AU$188.0m | 35x | 53.2x | 3.6x |
| Mon, 06 Dec 2021 | AU$9.7b | AU$2.7b | AU$187.8m | 34.4x | 51.4x | 3.5x |
| Wed, 03 Nov 2021 | AU$10.0b | AU$2.5b | AU$180.8m | n/a | 55.5x | 3.9x |
| Fri, 01 Oct 2021 | AU$8.9b | AU$2.5b | AU$205.8m | 32.5x | 43.2x | 3.5x |
| Sun, 29 Aug 2021 | AU$8.9b | AU$2.5b | AU$205.9m | 34.5x | 43.3x | 3.5x |
| Mon, 05 Jul 2021 | AU$8.8b | AU$2.5b | AU$205.9m | 31.6x | 42.6x | 3.5x |
| Thu, 08 Apr 2021 | AU$6.8b | AU$2.5b | AU$210.2m | 23.8x | 32.5x | 2.7x |
| Sun, 10 Jan 2021 | AU$6.7b | AU$2.5b | AU$172.2m | 16.2x | 38.8x | 2.7x |
Price to Earnings Ratio
53x
Current Industry PE
- Investors are pessimistic on the Australian Research and Consulting 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 23.9x which is lower than its 3-year average PE of 38.1x.
- The 3-year average PS ratio of 2.9x is higher than the industry's current PS ratio of 2.3x.
Past Earnings Growth
- The earnings for companies in the Research and Consulting Services industry have grown 36% per year over the last three years.
- Revenues for these companies have grown 9.5% 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 Research and Consulting Services compare with similar industries?
| AU Market | -1.02% | |
| Industrials | -1.90% | |
| Professional Services | -2.13% | |
| Research and Consulting Services | -2.02% | |
| HR Services | 4.92% | |
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 | |
|---|---|---|---|---|---|
| AMX Aerometrex | AU$0.29 | 13.5% +AU$3.3m | -37.2% | PS1.1x | |
| CUP Count | AU$0.59 | 2.6% +AU$1.6m | -12.6% | PE12.6x | |
| OXT Orexplore Technologies | AU$0.045 | 7.1% +AU$1.6m | -47.1% | PS3.6x | |
| VRS Veris | AU$0.068 | 3.0% +AU$1.0m | -17.1% | PE32.5x |
