Austrian (ATX) Financials Sector Analysis
- 7D-2.1%
- 3M9.7%
- 1Y37.7%
- YTD36.7%
Over the last 7 days, the Financials industry has dropped 3.5%, driven by pullbacks in Raiffeisen Bank International and Erste Group Bank of 6.0% and 3.0%, respectively. This takes the industry's 12 month performance to a gain of 44%.
Sector Valuation and Performance
Has the Austrian Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Mon, 29 Nov 2021 | €39.0b | €32.1b | €3.9b | 11x |
| Wed, 27 Oct 2021 | €39.7b | €31.1b | €3.4b | 12.5x |
| Fri, 24 Sep 2021 | €38.1b | €31.1b | €3.4b | 12.4x |
| Sun, 22 Aug 2021 | €35.2b | €31.1b | €3.4b | 11.6x |
| Fri, 09 Jul 2021 | €32.9b | €31.1b | €3.4b | 11.1x |
| Thu, 01 Apr 2021 | €31.4b | €29.6b | €2.6b | 12.7x |
| Sun, 03 Jan 2021 | €28.2b | €29.1b | €2.2b | 13.8x |
| Wed, 07 Oct 2020 | €23.1b | €30.2b | €2.5b | 9.2x |
| Tue, 30 Jun 2020 | €25.6b | €30.6b | €2.9b | 10.8x |
| Fri, 03 Apr 2020 | €22.6b | €31.7b | €3.5b | 8.7x |
| Mon, 06 Jan 2020 | €36.2b | €32.0b | €3.9b | 9x |
| Thu, 10 Oct 2019 | €34.1b | €31.3b | €4.1b | 8.3x |
| Wed, 03 Jul 2019 | €34.3b | €30.7b | €4.1b | 8.3x |
| Sat, 06 Apr 2019 | €34.4b | €30.3b | €4.1b | 8.6x |
| Tue, 08 Jan 2019 | €32.4b | €30.0b | €4.3b | 8.5x |
8.5x
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 10.2x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Financials industry have declined 2.3% per year over the last three years, while revenues for these companies have grown 2.7% per year. This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Austrian Financials sector?
| Capital Markets | 0.89% | |
| Banks | -1.79% | |
| Insurance | -4.38% | |
Industry PE: Investors are most optimistic about the Insurance industry even though it's trading below its 3-year average PE ratio of 17.1x. However analysts are expecting annual earnings growth of 11%, which is lower than the prior year's growth of 30% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Banks industry. Although, investor sentiment seems to have improved given its trading above its 3-year average of 9.5x.
Forecasted Growth: Analysts are most optimistic on the Insurance industry, expecting annual earnings growth of 11% over the next 5 years. However this is lower than its past earnings growth rate of 30% per year. Meanwhile, the Banks 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 | 7D | 1Y | Valuation | |
|---|---|---|---|---|
| BKS BKS Bank | 1.4%+€8.4m | 8.3% | PB0.4x | |
| WPB Wiener Privatbank | 7.8%+€2.0m | -1.8% | PS2.7x |