Latvian (OMX) Market Analysis & Valuation
UpdatedOct 31, 2023
DataAggregated Company Financials
Companies11
- 7D0.7%
- 3M-13.0%
- 1Y7.7%
- YTD1.8%
Over the last 7 days, the market has remained flat, although notably the Industrials sector declined by 9.8%. More promisingly, the market is up 8.1% over the past year. Looking forward, earnings are forecast to grow by 64% annually.
Market Valuation and Performance
Has the Latvian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | €732.7m | €1.0b | €43.6m | 13.9x | 16.8x | 0.7x |
| Thu, 28 Sep 2023 | €705.8m | €1.0b | €43.6m | 12.6x | 16.2x | 0.7x |
| Sat, 26 Aug 2023 | €754.6m | €1.1b | €53.7m | 10.3x | 14.1x | 0.7x |
| Mon, 24 Jul 2023 | €783.1m | €1.1b | €56.1m | 11x | 14x | 0.7x |
| Wed, 21 Jun 2023 | €721.3m | €1.1b | €56.1m | 10.1x | 12.9x | 0.7x |
| Fri, 19 May 2023 | €643.8m | €1.3b | €118.5m | 10.7x | 5.4x | 0.5x |
| Sun, 16 Apr 2023 | €654.6m | €1.3b | €122.6m | 11.4x | 5.3x | 0.5x |
| Tue, 14 Mar 2023 | €722.9m | €1.3b | €128.5m | 11.4x | 5.6x | 0.6x |
| Thu, 09 Feb 2023 | €753.2m | €1.4b | €294.5m | 11.6x | 2.6x | 0.5x |
| Sat, 07 Jan 2023 | €722.2m | €1.4b | €294.5m | 11.5x | 2.5x | 0.5x |
| Mon, 05 Dec 2022 | €695.0m | €1.4b | €294.5m | 11.4x | 2.4x | 0.5x |
| Wed, 02 Nov 2022 | €690.9m | €1.3b | €113.5m | 6.8x | 6.1x | 0.5x |
| Fri, 30 Sep 2022 | €670.5m | €1.3b | €113.5m | 6.9x | 5.9x | 0.5x |
| Sun, 28 Aug 2022 | €720.3m | €1.3b | €85.1m | 11.7x | 8.5x | 0.6x |
| Tue, 26 Jul 2022 | €737.2m | €1.2b | €84.2m | 11.3x | 8.8x | 0.6x |
| Thu, 23 Jun 2022 | €700.5m | €1.2b | €84.2m | 9.7x | 8.3x | 0.6x |
| Sat, 21 May 2022 | €641.8m | €987.3m | €32.7m | 11.9x | 19.6x | 0.7x |
| Mon, 18 Apr 2022 | €681.3m | €985.9m | €32.2m | 12.8x | 21.1x | 0.7x |
| Wed, 16 Mar 2022 | €879.6m | €1.2b | €53.6m | 9.5x | 16.4x | 0.7x |
| Fri, 11 Feb 2022 | €949.9m | €924.5m | -€123,116,525.00 | 9.1x | -7.7x | 1x |
| Sun, 09 Jan 2022 | €962.2m | €922.0m | -€124,322,302.00 | 9.1x | -7.7x | 1x |
| Tue, 07 Dec 2021 | €949.2m | €922.0m | -€123,854,401.00 | 9.1x | -7.7x | 1x |
| Thu, 04 Nov 2021 | €914.0m | €612.5m | €36.5m | 18.8x | 25.1x | 1.5x |
| Sat, 02 Oct 2021 | €853.7m | €592.0m | €33.0m | 16.7x | 25.9x | 1.4x |
| Mon, 30 Aug 2021 | €836.6m | €592.0m | €33.1m | 17.1x | 25.3x | 1.4x |
| Tue, 06 Jul 2021 | €808.7m | €592.0m | €33.1m | 15.7x | 24.5x | 1.4x |
| Fri, 09 Apr 2021 | €720.6m | €523.6m | €53.8m | 13x | 13.4x | 1.4x |
| Thu, 31 Dec 2020 | €715.1m | €506.2m | €38.3m | 12.2x | 18.7x | 1.4x |
Price to Earnings Ratio
11.6x
Current Market PE
- Investors are optimistic on the Latvian market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 16.8x which is higher than its 3-year average PE of 11.8x.
Past Earnings Growth
- The earnings for Latvian listed companies have declined 9.1% per year over the last three years.
- Meanwhile revenues for these companies have grown 26% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Sector Trends
Which sectors have driven the changes within the Latvian Market?
| LV Market | 0.67% | |
| Utilities | 2.53% | |
| Tech | 0.32% | |
| Energy | 0% | |
| Real Estate | 0% | |
| Materials | 0% | |
| Healthcare | 0% | |
| Telecom | 0% | |
| Consumer Staples | -0.73% | |
| Consumer Discretionary | -0.92% | |
| Financials | -2.98% | |
| Industrials | -9.84% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 58.7x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 64.0% which is higher than its past year's earnings decline of 44.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 64% over the next 5 years.
- This is better than its past earnings decline of 44% 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 | |
|---|---|---|---|---|---|---|
| GZE1R AS Latvijas Gaze | €9.74 | 2.5% +€9.6m | 30.2% | PE13.9x | Utilities | |
| SAF1R SAF Tehnika | €10.35 | 0.5% +€148.5k | -8.4% | PE9.1x | Tech |
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