Forecast: Analysts Think FBD Holdings plc's (ISE:EG7) Business Prospects Have Improved Drastically
Oct 26
Irish (ISEQ) Market Analysis & Valuation
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies24
- 7D-0.4%
- 3M-11.5%
- 1Y8.2%
- YTD1.3%
The market has been flat in the last week, however the Healthcare sector is down 5.8%. More promisingly, the market is up 8.2% over the past year. As for the next few years, earnings are expected to grow by 8.3% per annum.
Market Valuation and Performance
Has the Irish Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | €78.5b | €61.0b | €7.3b | 9.5x | 10.8x | 1.3x |
| Thu, 28 Sep 2023 | €84.5b | €61.0b | €7.3b | 10.2x | 11.6x | 1.4x |
| Sat, 26 Aug 2023 | €87.8b | €60.9b | €7.4b | 10.3x | 11.9x | 1.4x |
| Mon, 24 Jul 2023 | €87.9b | €59.3b | €5.9b | 12.2x | 15x | 1.5x |
| Wed, 21 Jun 2023 | €84.9b | €59.3b | €5.9b | 12.5x | 14.5x | 1.4x |
| Fri, 19 May 2023 | €87.3b | €58.6b | €5.9b | 12.7x | 14.7x | 1.5x |
| Sun, 16 Apr 2023 | €85.0b | €58.7b | €5.9b | 12.3x | 14.4x | 1.4x |
| Tue, 14 Mar 2023 | €83.0b | €58.7b | €5.9b | 12.1x | 14x | 1.4x |
| Thu, 09 Feb 2023 | €84.8b | €54.7b | €6.1b | 13x | 14x | 1.6x |
| Sat, 07 Jan 2023 | €81.9b | €53.8b | €5.8b | 12.8x | 14.2x | 1.5x |
| Mon, 05 Dec 2022 | €76.7b | €53.8b | €5.8b | 12.9x | 13.3x | 1.4x |
| Wed, 02 Nov 2022 | €73.6b | €51.6b | €4.9b | 14.3x | 15x | 1.4x |
| Fri, 30 Sep 2022 | €66.2b | €51.6b | €4.9b | 13x | 13.4x | 1.3x |
| Sun, 28 Aug 2022 | €55.7b | €43.1b | €4.0b | 17.2x | 13.9x | 1.3x |
| Tue, 26 Jul 2022 | €56.1b | €36.9b | €3.0b | 19.1x | 18.6x | 1.5x |
| Thu, 23 Jun 2022 | €56.1b | €36.9b | €3.0b | 17x | 18.6x | 1.5x |
| Sat, 21 May 2022 | €107.3b | €73.6b | €6.2b | 18.5x | 17.2x | 1.5x |
| Mon, 18 Apr 2022 | €111.4b | €71.8b | €6.0b | 20.9x | 18.6x | 1.6x |
| Wed, 16 Mar 2022 | €109.8b | €71.5b | €6.1b | 14.8x | 18.1x | 1.5x |
| Fri, 11 Feb 2022 | €129.8b | €65.7b | €3.4b | 27x | 37.9x | 2x |
| Sun, 09 Jan 2022 | €130.9b | €63.8b | €3.1b | 27.5x | 42x | 2.1x |
| Tue, 07 Dec 2021 | €145.4b | €70.9b | €3.0b | 23.1x | 47.7x | 2.1x |
| Thu, 04 Nov 2021 | €154.9b | €70.3b | €3.0b | 23.4x | 52.4x | 2.2x |
| Sat, 02 Oct 2021 | €151.9b | €69.5b | €2.5b | 24x | 60.6x | 2.2x |
| Mon, 30 Aug 2021 | €159.4b | €68.8b | €2.5b | 23.9x | 64.9x | 2.3x |
| Tue, 06 Jul 2021 | €146.8b | €68.7b | €2.4b | 22.9x | 60.1x | 2.1x |
| Fri, 09 Apr 2021 | €145.4b | €64.9b | €1.2b | 20.9x | 116.4x | 2.2x |
| Thu, 31 Dec 2020 | €132.6b | €61.1b | -€363,749,422.19 | 22x | -364.4x | 2.2x |
Price to Earnings Ratio
286.7x
Current Market PE
- Investors are pessimistic on the Irish market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 10.8x which is lower than its 3-year average PE of 17.3x.
Past Earnings Growth
- The earnings for Irish listed companies have grown 165% per year over the last three years, while revenues have remained steady.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Sector Trends
Which sectors have driven the changes within the Irish Market?
| IE Market | -0.38% | |
| Materials | 2.36% | |
| Industrials | 1.07% | |
| Consumer Staples | 0.93% | |
| Energy | 0% | |
| Tech | 0% | |
| Telecom | 0% | |
| Real Estate | -1.24% | |
| Consumer Discretionary | -1.77% | |
| Utilities | -2.56% | |
| Financials | -3.74% | |
| Healthcare | -5.77% | |
Sector PE
- Investors favour the Consumer Staples sector the most for future growth even though it's trading below its 3-year average PE ratio of 25.3x.
- Analysts are expecting annual earnings growth of 6.7%, which is lower than the prior year's growth of 11.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 52% over the next 5 years.
- In contrast, the Utilities sector is expected to see its earnings decline by 3.9% per year 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 | Sector | |
|---|---|---|---|---|---|---|
| SK3 Smurfit Kappa Group | €30.32 | 3.5% +€263.9m | -9.6% | PE9.3x | Materials | |
| GL9 Glanbia | €14.80 | 1.9% +€71.1m | 26.6% | PE15.2x | Consumer Staples | |
| EG7 FBD Holdings | €12.00 | 3.0% +€12.5m | 19.4% | PE4.5x | Financials | |
| UPR Uniphar | €2.13 | 1.7% +€9.6m | -39.3% | PE13x | Healthcare | |
| DHG Dalata Hotel Group | €4.01 | 1.0% +€8.9m | 23.6% | PE9.7x | Consumer Discretionary |
Market Insights
This week we’re checking in on China’s economy after some better than expected data and another round of stimulus...
