Serbian (BELEX) Market Analysis & Valuation
UpdatedMay 02, 2024
DataAggregated Company Financials
Companies46
- 7D-0.4%
- 3M10.0%
- 1Y8.9%
- YTD3.9%
In the last week, the market has stayed flat, however the Information Technology sector stood out, gaining 5.0%. As for the longer term, the market has risen 8.9% in the past 12 months. As for the next few years, earnings are expected to grow by 5.3% per annum.
Market Valuation and Performance
Has the Serbian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 02 May 2024 | дин766.0b | дин536.6b | дин43.0b | 7.9x | 17.8x | 1.4x |
| Sat, 30 Mar 2024 | дин336.7b | дин575.7b | дин59.2b | 8.1x | 5.7x | 0.6x |
| Mon, 26 Feb 2024 | дин319.5b | дин570.6b | дин59.0b | 8x | 5.4x | 0.6x |
| Wed, 24 Jan 2024 | дин420.7b | дин635.2b | дин75.5b | 9.8x | 5.6x | 0.7x |
| Fri, 22 Dec 2023 | дин419.2b | дин635.2b | дин75.5b | 10.2x | 5.6x | 0.7x |
| Sun, 19 Nov 2023 | дин414.1b | дин635.2b | дин75.5b | 9.8x | 5.5x | 0.7x |
| Tue, 17 Oct 2023 | дин418.7b | дин630.8b | дин82.9b | 8.5x | 5.1x | 0.7x |
| Thu, 14 Sep 2023 | дин412.5b | дин625.1b | дин81.7b | 10.3x | 5x | 0.7x |
| Sat, 12 Aug 2023 | дин400.3b | дин626.3b | дин82.0b | 9.8x | 4.9x | 0.6x |
| Mon, 10 Jul 2023 | дин404.9b | дин677.1b | дин109.2b | 11.1x | 3.7x | 0.6x |
| Wed, 07 Jun 2023 | дин425.6b | дин678.4b | дин109.2b | 11.3x | 3.9x | 0.6x |
| Fri, 05 May 2023 | дин421.3b | дин626.9b | дин99.4b | 8.8x | 4.2x | 0.7x |
| Sun, 02 Apr 2023 | дин413.6b | дин628.8b | дин103.2b | 8.8x | 4x | 0.7x |
| Tue, 28 Feb 2023 | дин409.3b | дин628.8b | дин103.2b | 8.6x | 4x | 0.7x |
| Thu, 26 Jan 2023 | дин395.3b | дин627.4b | дин87.9b | 9.5x | 4.5x | 0.6x |
| Sat, 24 Dec 2022 | дин332.3b | дин640.1b | дин90.8b | 7x | 3.7x | 0.5x |
| Mon, 21 Nov 2022 | дин329.1b | дин580.5b | дин72.3b | 7.6x | 4.6x | 0.6x |
| Wed, 19 Oct 2022 | дин320.2b | дин584.8b | дин72.1b | 8.5x | 4.4x | 0.5x |
| Fri, 16 Sep 2022 | дин330.9b | дин583.2b | дин73.0b | 7.6x | 4.5x | 0.6x |
| Sun, 14 Aug 2022 | дин328.2b | дин583.7b | дин73.0b | 7.6x | 4.5x | 0.6x |
| Tue, 12 Jul 2022 | дин323.2b | дин510.9b | дин50.2b | 5.7x | 6.4x | 0.6x |
| Thu, 09 Jun 2022 | дин321.4b | дин513.8b | дин47.5b | 8.1x | 6.8x | 0.6x |
| Sat, 07 May 2022 | дин288.5b | дин455.5b | дин33.3b | 10.1x | 8.7x | 0.6x |
| Mon, 04 Apr 2022 | дин306.0b | дин448.4b | дин34.6b | 11.4x | 8.8x | 0.7x |
| Wed, 02 Mar 2022 | дин298.7b | дин449.6b | дин34.6b | 9.5x | 8.6x | 0.7x |
| Fri, 28 Jan 2022 | дин310.1b | дин401.0b | дин24.9b | 10.2x | 12.4x | 0.8x |
| Sun, 26 Dec 2021 | дин295.1b | дин401.0b | дин24.9b | 8.5x | 11.8x | 0.7x |
| Tue, 23 Nov 2021 | дин276.5b | дин400.9b | дин24.9b | 8.4x | 11.1x | 0.7x |
| Thu, 21 Oct 2021 | дин290.8b | дин366.6b | дин19.3b | 13x | 15x | 0.8x |
| Sat, 18 Sep 2021 | дин280.1b | дин359.4b | дин19.4b | 13.1x | 14.4x | 0.8x |
| Mon, 16 Aug 2021 | дин842.3b | дин420.1b | дин25.3b | 11.4x | 33.2x | 2x |
| Mon, 31 May 2021 | дин833.8b | дин379.9b | дин11.9b | 12.9x | 70.2x | 2.2x |
Price to Earnings Ratio
70.1x
Current Market PE
- Investors are optimistic on the Serbian market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 17.8x which is higher than its 3-year average PE of 10.4x.
Past Earnings Growth
- The earnings for Serbian listed companies have grown 54% per year over the last three years.
- Revenues for these companies have grown 12% 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 Serbian Market?
| RS Market | -0.35% | |
| Tech | 4.96% | |
| Consumer Discretionary | 2.71% | |
| Financials | 1.08% | |
| Real Estate | 0% | |
| Materials | 0% | |
| Consumer Staples | 0% | |
| Healthcare | 0% | |
| Telecom | 0% | |
| Industrials | -0.0026% | |
| Utilities | -1.52% | |
| Energy | -1.93% | |
Sector PE
- Investors favour the Consumer Staples sector the most for future growth which is trading above its 3-year average PE ratio.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Energy sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 3.2x.
Forecasted Growth
- Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 5.3% over the next 5 years.
- This is better than its past earnings decline of 61% per year.
- In contrast, the Energy sector is expected to see its earnings grow by 5.3% 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 | |
|---|---|---|---|---|---|---|
| DNOS Kompanija Dunav Osiguranje a.d.o | дин980.00 | 1.1% +дин167.1m | -7.8% | PE7.5x | Financials | |
| GFOM Gosa Fom a.d | дин1.33k | 8.0% +дин135.5m | n/a | PE11x | Industrials | |
| PPVA Preduzece za puteve Valjevo a.d | дин2.47k | 30.0% +дин115.3m | n/a | n/a | Industrials | |
| MTLC Metalac a.d. Gornji Milanovac | дин1.78k | 3.2% +дин106.3m | 4.7% | PE5.9x | Consumer Discretionary | |
| IRTL Iritel a.d | дин1.35k | 15.2% +дин51.6m | 28.0% | n/a | Tech |
