AS Tallinna Vesi's (TAL:TVE1T) Dividend Will Be Reduced To €0.33
May 12
Estonia (OMX) Market Analysis & Valuation
UpdatedMay 30, 2023
DataAggregated Company Financials
Companies32
- 7D-0.3%
- 3M-3.1%
- 1Y-2.3%
- YTD2.6%
The market has been flat in the last week, however the Communication Services sector is down 4.4%. Similarly, the market is flat for the past 12 months. As for the next few years, earnings are expected to grow by 10% per annum.
Market Valuation and Performance
Has the Estonia Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 30 May 2023 | €4.8b | €3.7b | €382.0m | 13.4x | 12.6x | 1.3x |
| Thu, 27 Apr 2023 | €4.9b | €3.6b | €348.3m | 13.8x | 14.1x | 1.4x |
| Sat, 25 Mar 2023 | €4.9b | €3.5b | €322.0m | 14.6x | 15.2x | 1.4x |
| Mon, 20 Feb 2023 | €5.0b | €3.5b | €320.1m | 14.1x | 15.5x | 1.4x |
| Wed, 18 Jan 2023 | €4.8b | €3.4b | €311.5m | 12.4x | 15.5x | 1.4x |
| Fri, 16 Dec 2022 | €4.8b | €3.4b | €311.5m | 12.2x | 15.3x | 1.4x |
| Sun, 13 Nov 2022 | €4.6b | €3.4b | €307.5m | 12.3x | 15x | 1.4x |
| Tue, 11 Oct 2022 | €4.5b | €3.2b | €274.0m | 11.3x | 16.2x | 1.4x |
| Thu, 08 Sep 2022 | €4.7b | €3.2b | €275.1m | 11.5x | 17.1x | 1.5x |
| Sat, 06 Aug 2022 | €4.7b | €3.2b | €278.0m | 12.5x | 16.9x | 1.5x |
| Mon, 04 Jul 2022 | €3.6b | €3.0b | €250.2m | 12.8x | 14.6x | 1.2x |
| Wed, 01 Jun 2022 | €4.8b | €3.0b | €249.1m | 16.8x | 19.3x | 1.6x |
| Fri, 29 Apr 2022 | €5.0b | €2.9b | €243.1m | 13.9x | 20.5x | 1.7x |
| Sun, 27 Mar 2022 | €5.0b | €2.8b | €238.0m | 14.6x | 21.1x | 1.8x |
| Tue, 22 Feb 2022 | €5.0b | €2.7b | €134.6m | 17.1x | 37.5x | 1.9x |
| Thu, 20 Jan 2022 | €5.4b | €2.7b | €121.9m | 16.5x | 44x | 2x |
| Sat, 18 Dec 2021 | €5.3b | €2.7b | €121.9m | 16.1x | 43.5x | 2x |
| Mon, 15 Nov 2021 | €5.3b | €2.7b | €123.0m | 16.1x | 42.9x | 2x |
| Wed, 13 Oct 2021 | €3.9b | €2.5b | €19.5m | 15.5x | 200.4x | 1.6x |
| Fri, 10 Sep 2021 | €4.1b | €2.5b | €19.9m | 17.2x | 208.5x | 1.7x |
| Sun, 08 Aug 2021 | €3.8b | €2.5b | €19.9m | 16.5x | 189x | 1.5x |
| Sat, 01 May 2021 | €3.4b | €2.4b | €25.5m | 17.2x | 133.2x | 1.4x |
| Tue, 02 Feb 2021 | €3.0b | €2.5b | €20.5m | 16x | 148.4x | 1.2x |
| Fri, 06 Nov 2020 | €2.5b | €2.6b | €29.8m | 15x | 84.2x | 1x |
| Mon, 10 Aug 2020 | €2.6b | €2.7b | €117.5m | 14.5x | 22.2x | 1x |
Price to Earnings Ratio
14x
Current Market PE
- Investors are pessimistic on the Estonian market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 12.6x which is lower than its 3-year average PE of 65.7x.
Past Earnings Growth
- The earnings for Estonian listed companies have grown 27% per year over the last three years.
- Revenues for these companies have grown 7.2% 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 Estonia Market?
| EE Market | -0.26% | |
| Tech | 0.78% | |
| Industrials | 0.39% | |
| Consumer Staples | 0.19% | |
| Energy | 0% | |
| Materials | 0% | |
| Financials | -0.21% | |
| Consumer Discretionary | -0.24% | |
| Utilities | -0.66% | |
| Healthcare | -1.51% | |
| Real Estate | -3.70% | |
| Telecom | -4.40% | |
Sector PE
- The Consumer Discretionary sector is the least preferred by investors for future growth, which is trading below its 3-year average of 23.4x.
Forecasted Growth
- Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 12% over the next 5 years.
- This is better than its past earnings decline of 15% per year.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| TSM1T AS Tallinna Sadam | €1.40 | 1.7% +€6.3m | -8.2% | PE15.3x | Industrials | |
| LHV1T AS LHV Group | €3.49 | 0.3% +€3.2m | -5.3% | PB2.5x | Financials | |
| CPA1T Coop Pank | €2.61 | 1.0% +€2.6m | 5.3% | PB1.7x | Financials | |
| HAE1T AS Harju Elekter | €5.12 | 2.0% +€1.8m | -18.7% | PS0.5x | Industrials | |
| MAGIC TextMagic | €7.58 | 1.1% +€680.0k | 7.8% | PE23.8x | Tech |
Market Insights
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