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Icelandic (OMX) Market Analysis & Valuation

UpdatedMay 02, 2024
DataAggregated Company Financials
Companies27
  • 7D-0.5%
  • 3M-10.0%
  • 1Y-13.1%
  • YTD-6.2%

In the last week, the market has been flat, with a notable exception in the Real Estate sector dropping 3.0%. Unfortunately though, the market is down 13% over the past year. As for the next few years, earnings are expected to grow by 16% per annum.

Market Valuation and Performance

Has the Icelandic Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 02 May 2024Kr2.0tKr1.5tKr133.4b15.6x14.8x1.3x
Sat, 30 Mar 2024Kr2.0tKr1.5tKr130.8b16.1x15.3x1.3x
Mon, 26 Feb 2024Kr2.1tKr1.5tKr129.8b16.3x16.4x1.4x
Wed, 24 Jan 2024Kr2.2tKr1.5tKr147.8b15.9x15x1.5x
Fri, 22 Dec 2023Kr2.1tKr1.5tKr148.0b14.8x14.2x1.4x
Sun, 19 Nov 2023Kr1.7tKr1.5tKr150.8b13.1x11.5x1.1x
Tue, 17 Oct 2023Kr1.8tKr1.5tKr149.6b15.7x12x1.2x
Thu, 14 Sep 2023Kr1.9tKr1.5tKr145.5b16.1x13.3x1.3x
Sat, 12 Aug 2023Kr2.1tKr1.5tKr148.5b16x13.8x1.4x
Mon, 10 Jul 2023Kr2.0tKr1.5tKr144.2b14.9x14x1.3x
Wed, 07 Jun 2023Kr1.9tKr1.5tKr146.8b14.4x13.3x1.3x
Fri, 05 May 2023Kr2.1tKr1.5tKr145.2b15.1x14.1x1.4x
Sun, 02 Apr 2023Kr2.1tKr1.5tKr148.0b15.3x14.5x1.5x
Tue, 28 Feb 2023Kr2.2tKr1.5tKr149.7b15.2x14.6x1.5x
Thu, 26 Jan 2023Kr2.2tKr1.5tKr144.4b11.3x14.9x1.5x
Sat, 24 Dec 2022Kr2.1tKr1.4tKr143.0b11.7x14.8x1.5x
Mon, 21 Nov 2022Kr2.2tKr1.4tKr144.7b12.2x15.3x1.6x
Wed, 19 Oct 2022Kr2.1tKr1.3tKr147.1b11x14.3x1.6x
Fri, 16 Sep 2022Kr2.3tKr1.3tKr135.2b12.3x17.3x1.9x
Sun, 14 Aug 2022Kr2.4tKr1.2tKr128.4b13.8x18.4x1.9x
Tue, 12 Jul 2022Kr2.3tKr1.2tKr129.2b13.8x18.2x2x
Thu, 09 Jun 2022Kr2.2tKr1.1tKr124.8b11.8x17.4x1.9x
Sat, 07 May 2022Kr2.3tKr1.1tKr127.3b12.7x18.2x2.1x
Mon, 04 Apr 2022Kr2.5tKr1.1tKr131.1b13.4x18.9x2.2x
Wed, 02 Mar 2022Kr2.3tKr1.1tKr132.9b12.6x17.4x2.1x
Fri, 28 Jan 2022Kr2.4tKr1.1tKr116.3b18.6x20.9x2.2x
Sun, 26 Dec 2021Kr2.5tKr1.1tKr116.7b19.8x21.2x2.3x
Tue, 23 Nov 2021Kr2.5tKr1.1tKr116.0b20.8x21.4x2.3x
Thu, 21 Oct 2021Kr2.4tKr1.0tKr100.1b22x24.2x2.4x
Sat, 18 Sep 2021Kr2.3tKr1.0tKr95.9b21.9x24.2x2.3x
Mon, 16 Aug 2021Kr2.3tKr998.0bKr96.0b21.3x24.5x2.4x
Mon, 31 May 2021Kr1.9tKr925.0bKr63.2b24.9x29.8x2x
Price to Earnings Ratio

28.1x


Total Market Cap: Kr1.8tTotal Earnings: Kr63.2bTotal Revenue: Kr925.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Icelandic Market Price to Earnings3Y Average 17.3x202220232024
Current Market PE
  • Investors are pessimistic on the Icelandic market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 14.8x which is lower than its 3-year average PE of 17.3x.
Past Earnings Growth
  • The earnings for Icelandic listed companies have grown 28% per year over the last three years.
  • Revenues for these companies have grown 18% 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 Icelandic Market?

IS Market-0.49%
Consumer Discretionary0.55%
Financials0.51%
Energy0%
Materials0%
Healthcare0%
Tech0%
Utilities0%
Industrials-0.54%
Consumer Staples-0.74%
Telecom-2.07%
Real Estate-3.05%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 24.1x.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
  • The Real Estate sector is the least preferred by investors for future growth, which is trading below its 3-year average of 10.5x.
Forecasted Growth
  • Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 29% over the next 5 years.
  • This is better than its past earnings decline of 35% per year.
  • In contrast, the Financials sector is expected to see its earnings decline by 7.0% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
ISB Íslandsbanki hfKr103.503.0%
+Kr5.8b		-16.2%PB0.9xFinancials
HAMP Hampiðjan hfKr141.001.4%
+Kr1.3b		-2.1%PE56.6xIndustrials
FESTI Festi hfKr191.000.5%
+Kr301.3m		0%PE15.4xConsumer Discretionary
SKEL Skel fjárfestingafélag hfKr16.800.6%
+Kr187.8m		18.3%PE5.8xConsumer Discretionary
SOLID Solid Clouds hfKr2.0028.2%
+Kr146.0m		-72.8%PS32.4xTelecom
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Tailwinds and Headwinds In The Wind Industry

Latest News

SOLID

Kr2.00

Solid Clouds hf

7D

28.2%

1Y

-72.8%

REITIR

Kr75.00

Reitir fasteignafélag hf

7D

-2.6%

1Y

-9.9%

ICEAIR

Kr1.01

Icelandair Group hf

7D

-2.9%

1Y

-47.1%

HAGA

Kr74.50

Hagar hf

7D

-1.3%

1Y

12.0%

FESTI

Kr191.00

Festi hf

7D

0.5%

1Y

0%

MAREL

Kr484.00

Marel hf

7D

-0.8%

1Y

-19.1%

EIK

Kr9.70

Eik fasteignafélag hf

7D

-4.9%

1Y

-18.5%

Eik fasteignafélag hf (ICE:EIK) Is Increasing Its Dividend To ISK0.74

Mar 29
Eik fasteignafélag hf (ICE:EIK) Is Increasing Its Dividend To ISK0.74

ISB

Kr103.50

Íslandsbanki hf

7D

3.0%

1Y

-16.2%

KVIKA

Kr14.00

Kvika banki hf

7D

-2.1%

1Y

-22.0%

SKAGI

Kr16.70

Vátryggingafélag Íslands hf

7D

-3.7%

1Y

-7.7%

HAMP

Kr141.00

Hampiðjan hf

7D

1.4%

1Y

-2.1%

Why Hampiðjan hf's (ICE:HAMP) Shaky Earnings Are Just The Beginning Of Its Problems

Mar 15
Why Hampiðjan hf's (ICE:HAMP) Shaky Earnings Are Just The Beginning Of Its Problems

SVN

Kr91.50

Sildarvinnslan Hf

7D

-1.1%

1Y

-19.7%

SKEL

Kr16.80

Skel fjárfestingafélag hf

7D

0.6%

1Y

18.3%