SOCEP's (BVB:SOCP) Promising Earnings May Rest On Soft Foundations
May 22
Romanian (BET) Market Analysis & Valuation
UpdatedMay 22, 2024
DataAggregated Company Financials
Companies271
- 7D0.9%
- 3M7.0%
- 1Y27.7%
- YTD10.0%
In the last week, the market has stayed flat, however the Communication Services sector stood out, gaining 13%. More promisingly, the market is up 28% over the past year. Earnings are forecast to grow by 1.3% annually.
Trending IndustriesOil and Gas
Market Valuation and Performance
Has the Romanian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 23 May 2024 | RON248.0b | RON160.1b | RON23.7b | 15.5x | 10.4x | 1.5x |
| Sat, 20 Apr 2024 | RON234.8b | RON152.6b | RON23.4b | 13.5x | 10x | 1.5x |
| Mon, 18 Mar 2024 | RON222.6b | RON148.5b | RON23.4b | 12.3x | 9.5x | 1.5x |
| Wed, 14 Feb 2024 | RON214.5b | RON151.0b | RON23.8b | 11.2x | 9x | 1.4x |
| Fri, 12 Jan 2024 | RON217.1b | RON156.3b | RON23.4b | 11.2x | 9.3x | 1.4x |
| Sun, 10 Dec 2023 | RON207.6b | RON157.8b | RON23.8b | 11.1x | 8.7x | 1.3x |
| Tue, 07 Nov 2023 | RON199.4b | RON161.3b | RON24.0b | 10.5x | 8.3x | 1.2x |
| Thu, 05 Oct 2023 | RON200.1b | RON167.1b | RON26.9b | 10x | 7.4x | 1.2x |
| Sat, 02 Sep 2023 | RON187.5b | RON166.6b | RON27.0b | 10.1x | 6.9x | 1.1x |
| Mon, 31 Jul 2023 | RON198.8b | RON175.1b | RON32.2b | 9.7x | 6.2x | 1.1x |
| Wed, 28 Jun 2023 | RON136.0b | RON164.8b | RON27.1b | 8.7x | 5x | 0.8x |
| Fri, 26 May 2023 | RON140.1b | RON165.4b | RON27.2b | 9.2x | 5.1x | 0.8x |
| Sun, 23 Apr 2023 | RON142.4b | RON166.7b | RON27.3b | 9.8x | 5.2x | 0.9x |
| Tue, 21 Mar 2023 | RON138.2b | RON160.9b | RON25.8b | 10.2x | 5.4x | 0.9x |
| Thu, 16 Feb 2023 | RON141.8b | RON160.6b | RON27.0b | 10.2x | 5.2x | 0.9x |
| Sat, 14 Jan 2023 | RON137.8b | RON152.4b | RON27.3b | 9.8x | 5x | 0.9x |
| Mon, 12 Dec 2022 | RON138.3b | RON152.9b | RON27.3b | 9.4x | 5.1x | 0.9x |
| Wed, 09 Nov 2022 | RON124.8b | RON147.6b | RON27.8b | 9.6x | 4.5x | 0.8x |
| Fri, 07 Oct 2022 | RON123.4b | RON137.1b | RON24.0b | 9.6x | 5.1x | 0.9x |
| Sun, 04 Sep 2022 | RON131.3b | RON135.9b | RON24.0b | 9.3x | 5.5x | 1x |
| Tue, 02 Aug 2022 | RON140.8b | RON123.3b | RON17.7b | 10.2x | 8x | 1.1x |
| Thu, 30 Jun 2022 | RON141.2b | RON115.6b | RON15.2b | 10.5x | 9.3x | 1.2x |
| Sat, 28 May 2022 | RON138.3b | RON114.6b | RON16.9b | 11.6x | 8.2x | 1.2x |
| Mon, 25 Apr 2022 | RON146.0b | RON102.9b | RON16.2b | 12.6x | 9x | 1.4x |
| Wed, 23 Mar 2022 | RON142.2b | RON102.9b | RON16.2b | 11.8x | 8.8x | 1.4x |
| Fri, 18 Feb 2022 | RON144.5b | RON95.5b | RON14.9b | 12.8x | 9.7x | 1.5x |
| Sun, 16 Jan 2022 | RON146.0b | RON89.6b | RON13.3b | 13.6x | 11x | 1.6x |
| Tue, 14 Dec 2021 | RON133.2b | RON87.9b | RON13.2b | 13.1x | 10.1x | 1.5x |
| Thu, 11 Nov 2021 | RON136.8b | RON84.1b | RON11.8b | 13.6x | 11.6x | 1.6x |
| Sat, 09 Oct 2021 | RON135.3b | RON81.5b | RON10.8b | 14.5x | 12.5x | 1.7x |
| Mon, 06 Sep 2021 | RON128.2b | RON80.9b | RON10.6b | 14.3x | 12.1x | 1.6x |
| Wed, 04 Aug 2021 | RON122.2b | RON80.9b | RON10.6b | 13.4x | 11.6x | 1.5x |
Price to Earnings Ratio
11.4x
Current Market PE
- Investors are optimistic on the Romanian market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 10.4x which is higher than its 3-year average PE of 8.2x.
Past Earnings Growth
- The earnings for Romanian listed companies have grown 32% per year over the last three years.
- Revenues for these companies have grown 28% 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 Romanian Market?
| RO Market | 0.93% | |
| Telecom | 13.03% | |
| Materials | 6.09% | |
| Healthcare | 5.14% | |
| Tech | 1.76% | |
| Consumer Staples | 1.19% | |
| Consumer Discretionary | 1.00% | |
| Real Estate | 0.80% | |
| Energy | 0.59% | |
| Utilities | 0.32% | |
| Financials | -0.22% | |
| Industrials | -0.60% | |
Sector PE
- Investors favour the Consumer Staples sector the most for future growth, which is trading above its 3-year average PE ratio of 10.9x.
- 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 Healthcare sector, expecting annual earnings growth of 51% over the next 5 years.
- This is better than its past earnings decline of 11% per year.
- In contrast, the Real Estate sector is expected to see its earnings decline by 19% 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 | |
|---|---|---|---|---|---|---|
| SNG SNGN Romgaz | RON56.20 | 4.3% +RON886.5m | 41.6% | PE7.7x | Energy | |
| TLV Banca Transilvania | RON30.90 | 2.8% +RON677.2m | 78.8% | PB1.7x | Financials | |
| DIGI Digi Communications | RON66.00 | 11.9% +RON666.5m | 84.9% | PE13.1x | Telecom | |
| CRC Chimcomplex | RON16.00 | 14.3% +RON607.5m | -15.3% | PE141.5x | Materials | |
| TGN S.N.T.G.N. Transgaz | RON21.15 | 7.7% +RON284.5m | 19.8% | PE13.2x | Utilities |