Estonia (OMX) Market Analysis & Valuation
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies31
- 7D-0.7%
- 3M-4.5%
- 1Y-13.4%
- YTD-0.4%
Over the last 7 days, the market has remained flat, with no particular sector making any big moves this week. Unfortunately though, the market is down 13% over the past year. Earnings are forecast to grow by 12% annually.
Market Valuation and Performance
Has the Estonia Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | €5.0b | €4.8b | €734.3m | 11.5x | 6.8x | 1x |
| Sun, 23 Jun 2024 | €5.0b | €4.8b | €734.2m | 11x | 6.9x | 1x |
| Tue, 21 May 2024 | €5.2b | €4.8b | €738.3m | 11.4x | 7x | 1.1x |
| Thu, 18 Apr 2024 | €5.1b | €4.9b | €713.7m | 11.2x | 7.2x | 1x |
| Sat, 16 Mar 2024 | €5.1b | €4.9b | €715.2m | 11.2x | 7.2x | 1x |
| Mon, 12 Feb 2024 | €5.0b | €5.0b | €713.3m | 11.4x | 7x | 1x |
| Wed, 10 Jan 2024 | €5.1b | €5.0b | €709.1m | 10.2x | 7.2x | 1x |
| Fri, 08 Dec 2023 | €4.4b | €3.8b | €441.1m | 11.4x | 10x | 1.2x |
| Sun, 05 Nov 2023 | €4.5b | €3.9b | €455.2m | 10x | 9.9x | 1.2x |
| Tue, 03 Oct 2023 | €4.7b | €3.8b | €415.5m | 11.7x | 11.3x | 1.2x |
| Thu, 31 Aug 2023 | €4.6b | €3.8b | €415.0m | 11.3x | 11.2x | 1.2x |
| Sat, 29 Jul 2023 | €4.8b | €3.8b | €454.8m | 11.1x | 10.6x | 1.3x |
| Mon, 26 Jun 2023 | €4.8b | €3.7b | €386.6m | 12.9x | 12.5x | 1.3x |
| Wed, 24 May 2023 | €4.9b | €3.7b | €382.7m | 13.4x | 12.7x | 1.3x |
| Fri, 21 Apr 2023 | €4.9b | €3.6b | €348.3m | 13.8x | 14.2x | 1.4x |
| Sun, 19 Mar 2023 | €4.8b | €3.4b | €306.3m | 14.4x | 15.7x | 1.4x |
| Tue, 14 Feb 2023 | €5.0b | €3.5b | €321.8m | 12.9x | 15.4x | 1.4x |
| Thu, 12 Jan 2023 | €4.8b | €3.4b | €311.5m | 12.4x | 15.3x | 1.4x |
| Sat, 10 Dec 2022 | €4.7b | €3.4b | €311.5m | 12.2x | 15.1x | 1.4x |
| Mon, 07 Nov 2022 | €4.5b | €3.4b | €306.9m | 12.5x | 14.8x | 1.4x |
| Wed, 05 Oct 2022 | €4.4b | €3.2b | €274.5m | 11.1x | 16x | 1.4x |
| Fri, 02 Sep 2022 | €4.8b | €3.2b | €279.9m | 11.6x | 17x | 1.5x |
| Sun, 31 Jul 2022 | €4.7b | €3.1b | €274.2m | 12.4x | 17x | 1.5x |
| Tue, 28 Jun 2022 | €4.5b | €3.0b | €251.0m | 14.7x | 18.1x | 1.5x |
| Thu, 26 May 2022 | €4.7b | €3.0b | €249.5m | 15.6x | 19x | 1.6x |
| Sat, 23 Apr 2022 | €5.0b | €2.9b | €244.7m | 14.2x | 20.6x | 1.7x |
| Mon, 21 Mar 2022 | €5.0b | €2.8b | €238.0m | 14.2x | 20.9x | 1.7x |
| Wed, 16 Feb 2022 | €5.2b | €2.7b | €122.4m | 17.1x | 42.8x | 1.9x |
| Fri, 14 Jan 2022 | €5.5b | €2.7b | €121.9m | 16.6x | 45.3x | 2x |
| Sun, 12 Dec 2021 | €5.2b | €2.7b | €121.9m | 16x | 43.1x | 1.9x |
| Tue, 09 Nov 2021 | €5.3b | €2.5b | €65.3m | 16.3x | 80.8x | 2.1x |
| Thu, 07 Oct 2021 | €4.0b | €2.5b | €19.5m | 16.6x | 206.2x | 1.6x |
| Sat, 04 Sep 2021 | €4.4b | €2.5b | €19.9m | 17.6x | 223.7x | 1.8x |
| Mon, 02 Aug 2021 | €3.8b | €2.5b | €19.9m | 16.3x | 189.6x | 1.5x |
Price to Earnings Ratio
189.6x
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 6.8x which is lower than its 3-year average PE of 32.1x.
Past Earnings Growth
- The earnings for Estonian listed companies have grown 233% per year over the last three years.
- Revenues for these companies have grown 25% 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 | -0.69% | |
| Consumer Staples | 0.10% | |
| Energy | 0% | |
| Materials | 0% | |
| Healthcare | 0% | |
| Financials | -0.14% | |
| Consumer Discretionary | -0.21% | |
| Utilities | -0.58% | |
| Telecom | -0.89% | |
| Industrials | -1.62% | |
| Real Estate | -2.33% | |
| Tech | -2.70% | |
Sector PE
- Investors favour the Tech sector the most for future growth which is trading above its 3-year average PE ratio.
- 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 Industrials sector, expecting annual earnings growth of 16% over the next 5 years.
- However this is lower than its past earnings growth rate of 49% per year.
- In contrast, the Utilities sector is expected to see its earnings grow by 10% 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 | |
|---|---|---|---|---|---|---|
| INF1T Infortar | €39.90 | 1.4% +€11.5m | n/a | PE2.7x | Utilities | |
| LHV1T AS LHV Group | €3.49 | 0.3% +€3.2m | -3.5% | PB1.9x | Financials | |
| HAE1T AS Harju Elekter | €4.87 | 3.1% +€2.7m | -4.4% | PE12.5x | Industrials | |
| TVE1T AS Tallinna Vesi | €10.30 | 0.5% +€1.0m | -13.1% | PE16.7x | Utilities |
