Narrative Update • Jun 26
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Cypriot (CYSMMAPA) Financials Sector Analysis
UpdatedJul 11, 2026
DataAggregated Company Financials
Companies17
- 7D1.2%
- 3M13.5%
- 1Y45.5%
- YTD13.2%
In the last week, the Financials industry is up 1.3%, with Bank of Cyprus Holdings up 2.5%. In the same time, Demetra Holdings was down 5.8%. This takes the industry's 12 month performance to a gain of 43%. Looking forward, earnings are expected to remain mostly flat in the next few years.
Sector Valuation and Performance
Has the Cypriot Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 11 Jul 2026 | €8.0b | €1.2b | €543.6m | 9.1x | 14.7x | 6.9x |
| Mon, 08 Jun 2026 | €7.6b | €1.2b | €549.9m | 8.6x | 13.9x | 6.5x |
| Wed, 06 May 2026 | €4.6b | €1.1b | €518.7m | 5.1x | 8.8x | 4.1x |
| Fri, 03 Apr 2026 | €4.1b | €1.2b | €610.7m | 4.7x | 6.7x | 3.4x |
| Sun, 01 Mar 2026 | €4.5b | €1.2b | €610.9m | 4.1x | 7.3x | 3.7x |
| Tue, 27 Jan 2026 | €7.2b | €1.2b | €882.0m | 4x | 8.1x | 5.8x |
| Thu, 25 Dec 2025 | €6.7b | €1.2b | €882.7m | 5x | 7.6x | 5.4x |
| Sat, 22 Nov 2025 | €6.6b | €1.2b | €882.0m | 5.7x | 7.5x | 5.4x |
| Mon, 20 Oct 2025 | €6.5b | €1.3b | €894.3m | 4.7x | 7.3x | 5.1x |
| Wed, 17 Sep 2025 | €3.8b | €1.2b | €616.2m | 6.9x | 6.2x | 3.2x |
| Fri, 15 Aug 2025 | €3.8b | €1.2b | €610.9m | 7.4x | 6.3x | 3.2x |
| Sun, 13 Jul 2025 | €5.9b | €1.2b | €1.0b | 6.5x | 5.7x | 4.7x |
| Tue, 10 Jun 2025 | €5.7b | €1.2b | €1.0b | 6.6x | 5.5x | 4.5x |
| Thu, 08 May 2025 | €7.6b | €2.4b | €1.5b | 5.6x | 5.2x | 3.2x |
| Sat, 05 Apr 2025 | €6.9b | €1.9b | €1.3b | 5.1x | 5.4x | 3.6x |
| Mon, 03 Mar 2025 | €6.8b | €1.9b | €1.3b | 5.3x | 5.3x | 3.6x |
| Wed, 29 Jan 2025 | €6.5b | €1.9b | €1.3b | 4.8x | 4.9x | 3.4x |
| Fri, 27 Dec 2024 | €6.2b | €1.9b | €1.3b | 5.4x | 4.6x | 3.2x |
| Sun, 24 Nov 2024 | €5.8b | €1.9b | €1.4b | 4.4x | 4.2x | 3x |
| Tue, 22 Oct 2024 | €5.5b | €1.9b | €1.3b | 4.9x | 4.1x | 2.9x |
| Thu, 19 Sep 2024 | €3.9b | €1.9b | €1.0b | 5.4x | 3.7x | 2.1x |
| Sat, 17 Aug 2024 | €4.8b | €1.9b | €1.2b | 5.9x | 3.8x | 2.5x |
| Mon, 15 Jul 2024 | €4.7b | €1.9b | €1.2b | 6.1x | 3.8x | 2.5x |
| Wed, 12 Jun 2024 | €4.6b | €1.9b | €1.2b | 6.4x | 3.8x | 2.5x |
| Fri, 10 May 2024 | €3.1b | €1.8b | €940.9m | 4.6x | 3.3x | 1.7x |
| Sun, 07 Apr 2024 | €2.9b | €1.8b | €935.2m | 3.8x | 3.1x | 1.7x |
| Tue, 05 Mar 2024 | €4.0b | €1.8b | €963.8m | 4.5x | 4.2x | 2.3x |
| Thu, 01 Feb 2024 | €3.9b | €1.7b | €698.1m | 6x | 5.6x | 2.3x |
| Sat, 30 Dec 2023 | €3.0b | €1.7b | €668.8m | 5.3x | 4.5x | 1.8x |
| Mon, 27 Nov 2023 | €2.6b | €1.7b | €668.8m | 5.2x | 3.9x | 1.6x |
| Wed, 25 Oct 2023 | €2.5b | €1.5b | €401.5m | 5.2x | 6.3x | 1.7x |
| Fri, 22 Sep 2023 | €2.6b | €1.5b | €397.2m | 10.6x | 6.5x | 1.7x |
| Sun, 20 Aug 2023 | €2.5b | €1.4b | €324.5m | 10.6x | 7.8x | 1.8x |
| Tue, 18 Jul 2023 | €2.4b | €1.3b | €215.6m | 11.6x | 11x | 1.8x |
Price to Earnings Ratio
11x
Current Industry PE
- Investors are optimistic on the Cypriot Financials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 14.6x which is higher than its 3-year average PE of 6.1x.
- The 3-year average PS ratio of 3.4x is lower than the industry's current PS ratio of 6.8x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 36% per year over the last three years.
- Meanwhile revenues for these companies have declined 3.3% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the Cypriot Financials sector?
| CY Market | 1.19% | |
| Financials | 1.16% | |
| Banks | 2.54% | |
| Insurance | 1.38% | |
| Diversified Financial | 0% | 0 |
| Capital Markets | -0.54% | |
Industry PE
- Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 10.3x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Insurance industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Banks industry, expecting annual earnings growth of 0.8% over the next 5 years.
- This is better than its past earnings decline of 1.6% per year.
- In contrast, 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 | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BOCH Bank of Cyprus Holdings | €10.11 | 2.5% +€109.0m | 54.6% | PB1.4x | |
| ATL Atlantic Insurance Company | €2.34 | 3.5% +€3.1m | -9.3% | PE4.5x | |
| CLL CLR Investment Fund | €0.0055 | 37.5% +€432.2k | 83.3% | PS8.6x | |
| INF Interfund Investments | €0.034 | 3.0% +€143.8k | 13.3% | PS35.8x |