These 4 Measures Indicate That GSK (LON:GSK) Is Using Debt Reasonably Well
Apr 19
U.K. (FTSE) Market Analysis & Valuation
UpdatedApr 19, 2024
DataAggregated Company Financials
Companies1286
- 7D-0.7%
- 3M4.8%
- 1Y-1.8%
- YTD1.1%
In the last week, the market has been flat, with a notable exception in the Information Technology sector dropping 3.7%. In line with that, the market has also been flat over the past year. Looking forward, earnings are forecast to grow by 12% annually.
Market Valuation and Performance
Has the U.K. Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 20 Apr 2024 | UK£2.4t | UK£2.1t | UK£147.5b | 15.7x | 16.1x | 1.1x |
| Mon, 18 Mar 2024 | UK£2.3t | UK£2.1t | UK£145.0b | 16.1x | 16.1x | 1.1x |
| Wed, 14 Feb 2024 | UK£2.2t | UK£2.0t | UK£144.9b | 14.9x | 15.5x | 1.1x |
| Fri, 12 Jan 2024 | UK£2.3t | UK£2.1t | UK£193.3b | 14.9x | 11.9x | 1.1x |
| Sun, 10 Dec 2023 | UK£2.3t | UK£2.1t | UK£194.1b | 14.6x | 11.8x | 1.1x |
| Tue, 07 Nov 2023 | UK£2.2t | UK£2.1t | UK£193.7b | 13.8x | 11.5x | 1x |
| Thu, 05 Oct 2023 | UK£2.3t | UK£2.2t | UK£186.6b | 14.1x | 12.4x | 1.1x |
| Sat, 02 Sep 2023 | UK£2.3t | UK£2.2t | UK£184.1b | 14.5x | 12.5x | 1.1x |
| Mon, 31 Jul 2023 | UK£2.4t | UK£2.2t | UK£193.6b | 14.4x | 12.4x | 1.1x |
| Wed, 28 Jun 2023 | UK£2.3t | UK£2.2t | UK£208.3b | 14.1x | 11.1x | 1.1x |
| Fri, 26 May 2023 | UK£2.4t | UK£2.2t | UK£216.7b | 14.2x | 11.1x | 1.1x |
| Sun, 23 Apr 2023 | UK£2.5t | UK£2.2t | UK£178.7b | 14.1x | 13.9x | 1.1x |
| Tue, 21 Mar 2023 | UK£2.3t | UK£2.2t | UK£182.4b | 13.5x | 12.4x | 1x |
| Thu, 16 Feb 2023 | UK£2.5t | UK£2.1t | UK£195.7b | 13.8x | 13x | 1.2x |
| Sat, 14 Jan 2023 | UK£2.5t | UK£2.1t | UK£185.1b | 13.8x | 13.6x | 1.2x |
| Mon, 12 Dec 2022 | UK£2.4t | UK£2.1t | UK£185.6b | 13.4x | 13x | 1.1x |
| Wed, 09 Nov 2022 | UK£2.4t | UK£2.3t | UK£209.2b | 12.7x | 11.4x | 1x |
| Fri, 07 Oct 2022 | UK£2.4t | UK£2.3t | UK£208.4b | 12.1x | 11.4x | 1x |
| Sun, 04 Sep 2022 | UK£2.4t | UK£2.3t | UK£207.5b | 13.2x | 11.8x | 1.1x |
| Tue, 02 Aug 2022 | UK£2.5t | UK£2.2t | UK£191.0b | 14.2x | 13.2x | 1.1x |
| Thu, 30 Jun 2022 | UK£2.5t | UK£2.3t | UK£196.3b | 14.1x | 12.7x | 1.1x |
| Sat, 28 May 2022 | UK£2.6t | UK£2.2t | UK£187.6b | 15.3x | 13.9x | 1.2x |
| Mon, 25 Apr 2022 | UK£2.6t | UK£2.1t | UK£191.3b | 16.9x | 13.6x | 1.3x |
| Wed, 23 Mar 2022 | UK£2.6t | UK£2.0t | UK£191.8b | 16.7x | 13.6x | 1.3x |
| Fri, 18 Feb 2022 | UK£2.7t | UK£1.9t | UK£167.5b | 17.8x | 16.2x | 1.4x |
| Sun, 16 Jan 2022 | UK£2.8t | UK£1.9t | UK£162.8b | 19.5x | 17.1x | 1.5x |
| Tue, 14 Dec 2021 | UK£2.7t | UK£1.9t | UK£164.7b | 19.3x | 16.5x | 1.4x |
| Thu, 11 Nov 2021 | UK£2.8t | UK£1.9t | UK£154.5b | 21.3x | 18.2x | 1.5x |
| Sat, 09 Oct 2021 | UK£2.7t | UK£1.8t | UK£143.6b | 21.8x | 18.9x | 1.5x |
| Mon, 06 Sep 2021 | UK£2.8t | UK£1.8t | UK£139.1b | 24x | 20.1x | 1.5x |
| Wed, 04 Aug 2021 | UK£2.7t | UK£1.8t | UK£138.8b | 24.2x | 19.8x | 1.5x |
| Sat, 08 May 2021 | UK£2.6t | UK£1.7t | UK£91.0b | 24.2x | 28.7x | 1.5x |
Price to Earnings Ratio
28.7x
Current Market PE
- Investors are relatively neutral on the British market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 14.9x.
Past Earnings Growth
- The earnings for British listed companies have grown 17% per year over the last three years.
- Revenues for these companies have grown 6.7% 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 U.K. Market?
| GB Market | -0.72% | |
| Materials | 2.08% | |
| Utilities | 1.73% | |
| Consumer Staples | -0.38% | |
| Energy | -0.87% | |
| Financials | -0.97% | |
| Healthcare | -1.23% | |
| Real Estate | -1.39% | |
| Industrials | -1.53% | |
| Telecom | -1.57% | |
| Consumer Discretionary | -1.68% | |
| Tech | -3.71% | |
Sector PE
- Investors favour the Consumer Staples sector the most for future growth, which is trading above its 3-year average PE ratio of 22.3x.
- Analysts expect its future annual earnings growth (13.6%) to be largely in line with prior year's earnings growth.
- The market's confidence could indicate that the market believes that analysts are underestimating future growth.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 58% over the next 5 years.
- This is better than its past earnings decline of 43% per year.
- In contrast, the Energy industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|---|
| ENPL En+ Group International | US$9.30 | n/a US$4.7b | -8.8% | PE2.2x | Materials | |
| EVR EVRAZ | UK£0.81 | n/a UK£1.2b | -86.2% | PE0.4x | Materials | |
| DGE Diageo | UK£28.37 | 1.9% +UK£1.1b | -24.6% | PE18.3x | Consumer Staples | |
| KSPI Kaspi.kz | US$120.60 | 5.4% +US$1.2b | 59.9% | PE12.2x | Financials | |
| IMB Imperial Brands | UK£17.74 | 3.4% +UK£493.6m | -8.8% | PE6.5x | Consumer Staples |