We Think You Can Look Beyond Socfinaf's (BDL:SOFAF) Lackluster Earnings
May 04
Luxembourg (LUXX) Market Analysis & Valuation
UpdatedMay 22, 2024
DataAggregated Company Financials
Companies12
- 7D3.4%
- 3M0.6%
- 1Y9.5%
- YTD0.2%
The market has climbed 3.4% in the last 7 days, lead by the Communication Services sector with a gain of 9.2%. In contrast, the Real Estate sector is lagging, dropping 3.0%. In the last year, the market has climbed 9.5%. Looking forward, earnings are forecast to grow by 82% annually.
Market Valuation and Performance
Has the Luxembourg Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 22 May 2024 | €6.0b | €4.0b | -€546,204,211.00 | 10.6x | -10.9x | 1.5x |
| Fri, 19 Apr 2024 | €5.7b | €4.1b | -€558,068,966.00 | 12.1x | -10.2x | 1.4x |
| Sun, 17 Mar 2024 | €5.7b | €4.1b | -€435,239,966.00 | 10x | -13.1x | 1.4x |
| Tue, 13 Feb 2024 | €5.7b | €4.1b | €1.1b | 8.5x | 5.1x | 1.4x |
| Thu, 11 Jan 2024 | €6.2b | €4.2b | €1.1b | 10x | 5.5x | 1.5x |
| Sat, 09 Dec 2023 | €5.8b | €4.2b | €1.1b | 10x | 5.2x | 1.4x |
| Mon, 06 Nov 2023 | €5.9b | €4.2b | €471.4m | 10x | 12.4x | 1.4x |
| Wed, 04 Oct 2023 | €6.0b | €4.1b | €466.1m | 8.6x | 12.8x | 1.4x |
| Fri, 01 Sep 2023 | €6.4b | €4.1b | €390.3m | 6.1x | 16.3x | 1.5x |
| Sun, 30 Jul 2023 | €6.0b | €4.1b | €371.0m | 6.2x | 16.2x | 1.5x |
| Tue, 27 Jun 2023 | €9.4b | €4.3b | €248.1m | 6x | 38x | 2.2x |
| Thu, 25 May 2023 | €9.4b | €4.7b | €1.1b | 4.8x | 8.5x | 2x |
| Sat, 22 Apr 2023 | €9.5b | €4.6b | €1.2b | 4.6x | 8.1x | 2x |
| Mon, 20 Mar 2023 | €9.2b | €4.8b | €1.4b | 3.9x | 6.8x | 1.9x |
| Wed, 15 Feb 2023 | €9.7b | €4.7b | €1.8b | 4.1x | 5.2x | 2.1x |
| Fri, 13 Jan 2023 | €9.7b | €4.7b | €1.8b | 4.1x | 5.3x | 2.1x |
| Sun, 11 Dec 2022 | €9.4b | €4.7b | €1.8b | 4.1x | 5.1x | 2x |
| Tue, 08 Nov 2022 | €9.1b | €4.7b | €1.8b | 4.3x | 5.1x | 1.9x |
| Thu, 06 Oct 2022 | €8.9b | €4.6b | €1.8b | 4.4x | 5.1x | 1.9x |
| Sat, 03 Sep 2022 | €9.5b | €4.4b | €1.7b | 5.1x | 5.6x | 2.2x |
| Mon, 01 Aug 2022 | €10.0b | €4.7b | €2.1b | 4.4x | 4.7x | 2.1x |
| Wed, 29 Jun 2022 | €10.2b | €4.4b | €2.1b | 4x | 4.8x | 2.3x |
| Fri, 27 May 2022 | €10.8b | €4.9b | €1.7b | 4.3x | 6.2x | 2.2x |
| Sun, 24 Apr 2022 | €10.7b | €4.7b | €1.6b | 8.4x | 6.6x | 2.3x |
| Tue, 22 Mar 2022 | €10.5b | €4.7b | €1.8b | 8.5x | 6x | 2.2x |
| Thu, 17 Feb 2022 | €10.3b | €4.7b | €1.3b | 7.6x | 8.2x | 2.2x |
| Sat, 15 Jan 2022 | €10.1b | €4.7b | €1.3b | 7.3x | 8x | 2.1x |
| Mon, 13 Dec 2021 | €9.6b | €4.7b | €1.3b | 6.6x | 7.6x | 2x |
| Wed, 10 Nov 2021 | €9.8b | €4.9b | €1.8b | 7.1x | 5.3x | 2x |
| Fri, 08 Oct 2021 | €10.0b | €4.8b | €1.8b | 6.4x | 5.6x | 2.1x |
| Sun, 05 Sep 2021 | €9.8b | €4.3b | €1.4b | 11.8x | 7x | 2.3x |
| Tue, 03 Aug 2021 | €9.1b | €4.3b | €1.4b | 11.6x | 6.5x | 2.1x |
Price to Earnings Ratio
6.9x
Current Market PE
- Investors are pessimistic on the Luxembourger market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PS ratio of 1.5x, lower but close to its 3-year average PS ratio of 1.9x.
Past Earnings Growth
- Total earnings for Luxembourger listed companies have declined over the last three years, with the market now making a loss overall.
- Revenues have declined 2.6% per year driving profits down as well.
Sector Trends
Which sectors have driven the changes within the Luxembourg Market?
| LU Market | 3.44% | |
| Telecom | 9.22% | |
| Financials | 2.74% | |
| Consumer Staples | 1.70% | |
| Utilities | 1.55% | |
| Energy | 0% | |
| Materials | 0% | |
| Industrials | 0% | |
| Consumer Discretionary | 0% | |
| Healthcare | 0% | |
| Tech | 0% | |
| Real Estate | -3.02% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 23.6x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 82% over the next 5 years.
- In contrast, the Telecom sector is expected to see its earnings grow by 82% 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 | |
|---|---|---|---|---|---|---|
| SESGL SES | €5.30 | 7.3% +€157.4m | -6.2% | PS1.1x | Telecom | |
| REINI Reinet Investments S.C.A | €23.40 | 1.7% +€72.7m | 17.0% | PE18.5x | Financials | |
| LXMPR Luxempart | €75.00 | 1.4% +€20.1m | 2.0% | PE8.2x | Financials | |
| SCFNS Socfinasia | €16.40 | 5.8% +€17.6m | -1.8% | PE7x | Consumer Staples | |
| VLCN Velcan Holdings | €13.10 | 3.1% +€2.0m | 4.0% | PE122.7x | Utilities |