Estonia (OMX) Market Analysis & Valuation
UpdatedOct 31, 2023
DataAggregated Company Financials
Companies32
- 7D-0.3%
- 3M-5.5%
- 1Y1.7%
- YTD-4.0%
The market has been flat in the last week, however the Healthcare sector is down 3.3%. Similarly, the market is flat for the past 12 months. As for the next few years, earnings are expected to grow by 6.0% per annum.
Market Valuation and Performance
Has the Estonia Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | €4.5b | €3.9b | €468.0m | 9.9x | 9.7x | 1.2x |
| Thu, 28 Sep 2023 | €4.6b | €3.8b | €415.1m | 11.8x | 11.1x | 1.2x |
| Sat, 26 Aug 2023 | €4.7b | €3.8b | €414.7m | 11.3x | 11.3x | 1.2x |
| Mon, 24 Jul 2023 | €4.8b | €3.7b | €415.9m | 11.5x | 11.6x | 1.3x |
| Wed, 21 Jun 2023 | €4.8b | €3.7b | €386.6m | 12.8x | 12.5x | 1.3x |
| Fri, 19 May 2023 | €4.9b | €3.7b | €381.2m | 13.5x | 12.9x | 1.3x |
| Sun, 16 Apr 2023 | €5.0b | €3.5b | €321.6m | 15.1x | 15.4x | 1.4x |
| Tue, 14 Mar 2023 | €4.9b | €3.5b | €328.8m | 14.3x | 14.8x | 1.4x |
| Thu, 09 Feb 2023 | €5.0b | €3.4b | €309.6m | 12.9x | 16.1x | 1.5x |
| Sat, 07 Jan 2023 | €4.7b | €3.4b | €311.5m | 12.3x | 15.2x | 1.4x |
| Mon, 05 Dec 2022 | €4.6b | €3.4b | €311.5m | 12.4x | 14.9x | 1.4x |
| Wed, 02 Nov 2022 | €4.4b | €3.3b | €294.4m | 12.1x | 15x | 1.3x |
| Fri, 30 Sep 2022 | €4.4b | €3.2b | €274.5m | 11.1x | 16x | 1.4x |
| Sun, 28 Aug 2022 | €4.8b | €3.2b | €279.9m | 11.9x | 17.1x | 1.5x |
| Tue, 26 Jul 2022 | €4.6b | €3.0b | €253.7m | 13.2x | 18.2x | 1.5x |
| Thu, 23 Jun 2022 | €4.6b | €3.0b | €251.0m | 14.8x | 18.2x | 1.5x |
| Sat, 21 May 2022 | €4.7b | €3.0b | €253.9m | 16x | 18.7x | 1.6x |
| Mon, 18 Apr 2022 | €5.1b | €2.9b | €240.3m | 14.4x | 21.3x | 1.8x |
| Wed, 16 Mar 2022 | €4.8b | €2.8b | €238.0m | 14.2x | 20.3x | 1.7x |
| Fri, 11 Feb 2022 | €5.3b | €2.7b | €124.5m | 17.9x | 42.8x | 2x |
| Sun, 09 Jan 2022 | €5.5b | €2.7b | €121.9m | 16.5x | 45x | 2x |
| Tue, 07 Dec 2021 | €5.2b | €2.7b | €121.9m | 16x | 42.6x | 1.9x |
| Thu, 04 Nov 2021 | €5.2b | €2.5b | €62.1m | 15.9x | 83.2x | 2x |
| Sat, 02 Oct 2021 | €4.1b | €2.5b | €19.8m | 16.9x | 205.5x | 1.6x |
| Mon, 30 Aug 2021 | €4.2b | €2.5b | €19.9m | 17.2x | 212.5x | 1.7x |
| Tue, 06 Jul 2021 | €3.5b | €2.5b | €19.9m | 14.7x | 174.3x | 1.4x |
| Fri, 09 Apr 2021 | €3.2b | €2.4b | €25.5m | 15.9x | 124.6x | 1.3x |
| Thu, 31 Dec 2020 | €2.9b | €2.5b | €20.5m | 14.7x | 139.2x | 1.2x |
Price to Earnings Ratio
84.2x
Current Market PE
- Investors are pessimistic on the Estonian market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 9.7x which is lower than its 3-year average PE of 62.8x.
Past Earnings Growth
- The earnings for Estonian listed companies have grown 150% per year over the last three years.
- Revenues for these companies have grown 14% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Estonia Market?
| EE Market | -0.32% | |
| Real Estate | 1.96% | |
| Consumer Staples | 0.19% | |
| Energy | 0% | |
| Materials | 0% | |
| Industrials | -0.026% | |
| Utilities | -0.16% | |
| Tech | -0.46% | |
| Consumer Discretionary | -0.47% | |
| Financials | -0.91% | |
| Healthcare | -1.24% | |
| Telecom | -1.67% | |
Sector PE
- The Consumer Discretionary sector is the least preferred by investors for future growth, which is trading below its 3-year average of 22.3x.
Forecasted Growth
- Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 8.6% over the next 5 years.
- However this is lower than its past earnings growth rate of 23% per year.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| TAL1T AS Tallink Grupp | €0.65 | 1.7% +€8.2m | 37.4% | PE5.2x | Industrials | |
| PKG1T AS Pro Kapital Grupp | €0.83 | 3.8% +€1.7m | 25.8% | PE5.2x | Real Estate | |
| TKM1T Tallinna Kaubamaja Grupp | €9.95 | 0.2% +€814.6k | 6.5% | PE11.5x | Consumer Staples | |
| NHCBHFFT Baltic Horizon Fund | €0.38 | 1.6% +€717.8k | -46.4% | PS1.7x | Financials | |
| CPA1T Coop Pank | €2.51 | 0.2% +€511.2k | 12.6% | PB1.5x | Financials |
Market Insights
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