Metals and Mining
Over the last 7 days, the Metals and Mining industry has dropped 1.4%, driven by a pullback from Apex Mining of 4.8%. Meanwhile, Pacifica Holdings actually outperformed within the industry, gaining 79% in the last week. Over the past 12 months, the industry was up 43%. As for the next few years, earnings are expected to grow by 28% per annum.
Current Industry PE
- Investors are pessimistic about the Filipino Metals and Mining 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 10.8x, which is lower than its 3-year average PE of 17.2x.
- The 3-year average PS ratio of 2.0x is lower than the industry’s current PS ratio of 2.4x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have grown 41% per year over the last three years.
- Revenues for these companies have grown 20% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry PE
- Investors are most optimistic about the Steel industry, which is trading above its 3-year average PE ratio of 26.9x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Gold industry, which is trading below its 3-year average of 11.1x.
Forecasted Growth
- Analysts are most optimistic about the Copper industry, expecting annual earnings growth of 34% over the next 5 years.
- In contrast, the Diversified Metals and Mining industry is expected to see its earnings grow by 25% per year over the next few years.
Source: Simply Wall Street