AS Merko Ehitus (TAL:MRK1T) Is Increasing Its Dividend To €1.30
Apr 26
Estonia (OMX) Market Analysis & Valuation
UpdatedApr 27, 2024
DataAggregated Company Financials
Companies31
- 7D0.1%
- 3M4.3%
- 1Y-10.4%
- YTD4.4%
In the last week, the market has been flat. The past year hasn't been profitable, with the market dropping 10%. 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 |
|---|---|---|---|---|---|---|
| Sat, 27 Apr 2024 | €5.2b | €4.8b | €722.2m | 11x | 7.2x | 1.1x |
| Mon, 25 Mar 2024 | €5.1b | €4.9b | €715.3m | 11.1x | 7.2x | 1x |
| Wed, 21 Feb 2024 | €5.0b | €5.0b | €710.3m | 11.5x | 7x | 1x |
| Fri, 19 Jan 2024 | €5.1b | €5.0b | €711.3m | 10x | 7.2x | 1x |
| Sun, 17 Dec 2023 | €5.0b | €3.8b | €441.1m | 11.4x | 11.4x | 1.3x |
| Tue, 14 Nov 2023 | €4.5b | €3.8b | €442.0m | 11.8x | 10.2x | 1.2x |
| Thu, 12 Oct 2023 | €4.6b | €3.8b | €415.9m | 11.4x | 11.1x | 1.2x |
| Sat, 09 Sep 2023 | €4.8b | €3.8b | €415.2m | 11.8x | 11.5x | 1.3x |
| Mon, 07 Aug 2023 | €4.7b | €3.8b | €441.4m | 11.7x | 10.7x | 1.2x |
| Wed, 05 Jul 2023 | €4.8b | €3.7b | €386.0m | 12.5x | 12.4x | 1.3x |
| Fri, 02 Jun 2023 | €4.9b | €3.7b | €382.7m | 13.4x | 12.8x | 1.3x |
| Sun, 30 Apr 2023 | €4.9b | €3.6b | €385.0m | 13.5x | 12.8x | 1.4x |
| Tue, 28 Mar 2023 | €4.9b | €3.5b | €322.0m | 14.7x | 15.2x | 1.4x |
| Thu, 23 Feb 2023 | €4.9b | €3.5b | €338.2m | 13.9x | 14.6x | 1.4x |
| Sat, 21 Jan 2023 | €4.9b | €3.4b | €310.4m | 12.4x | 15.7x | 1.4x |
| Mon, 19 Dec 2022 | €4.7b | €3.4b | €311.5m | 12.2x | 15.2x | 1.4x |
| Wed, 16 Nov 2022 | €4.6b | €3.4b | €307.5m | 12.2x | 15x | 1.4x |
| Fri, 14 Oct 2022 | €4.5b | €3.2b | €274.0m | 10.8x | 16.2x | 1.4x |
| Sun, 11 Sep 2022 | €4.7b | €3.2b | €275.1m | 11.5x | 17.1x | 1.5x |
| Tue, 09 Aug 2022 | €4.7b | €3.2b | €283.7m | 12.5x | 16.7x | 1.5x |
| Thu, 07 Jul 2022 | €4.6b | €3.0b | €250.2m | 13.5x | 18.6x | 1.6x |
| Sat, 04 Jun 2022 | €4.8b | €3.0b | €251.6m | 15.7x | 18.9x | 1.6x |
| Mon, 02 May 2022 | €5.0b | €2.9b | €234.1m | 16.7x | 21.3x | 1.7x |
| Wed, 30 Mar 2022 | €5.0b | €2.8b | €238.0m | 14.7x | 21x | 1.8x |
| Fri, 25 Feb 2022 | €5.1b | €2.8b | €156.6m | 17.1x | 32.3x | 1.8x |
| Sun, 23 Jan 2022 | €5.2b | €2.7b | €125.6m | 15.3x | 41.4x | 1.9x |
| Tue, 21 Dec 2021 | €5.2b | €2.7b | €121.9m | 15.9x | 42.9x | 1.9x |
| Thu, 18 Nov 2021 | €5.4b | €2.7b | €121.3m | 16.2x | 44.5x | 2x |
| Sat, 16 Oct 2021 | €4.0b | €2.5b | €24.6m | 15.4x | 163.3x | 1.6x |
| Mon, 13 Sep 2021 | €4.3b | €2.5b | €19.9m | 17.2x | 214.1x | 1.7x |
| Wed, 11 Aug 2021 | €3.8b | €2.5b | €19.9m | 16.4x | 190.9x | 1.5x |
| Sun, 06 Jun 2021 | €3.4b | €2.4b | €25.5m | 17.3x | 132.4x | 1.4x |
Price to Earnings Ratio
133.2x
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 7.3x which is lower than its 3-year average PE of 43.8x.
Past Earnings Growth
- The earnings for Estonian listed companies have grown 204% per year over the last three years.
- Revenues for these companies have grown 27% 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 | 0.11% | |
| Financials | 1.59% | |
| Real Estate | 1.26% | |
| Telecom | 0.028% | |
| Energy | 0% | |
| Materials | 0% | |
| Consumer Discretionary | -0.086% | |
| Industrials | -0.19% | |
| Utilities | -0.51% | |
| Consumer Staples | -0.63% | |
| Healthcare | -3.31% | |
| Tech | -3.73% | |
Sector PE
- Investors favour the Real Estate sector the most for future growth, which is trading above its 3-year average PE ratio of 4.2x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Utilities sector is the least preferred by investors for future growth, which is trading below its 3-year average of 13.7x.
Forecasted Growth
- Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 14% over the next 5 years.
- However this is lower than its past earnings growth rate of 33% per year.
- In contrast, the Utilities sector is expected to see its earnings grow by 11% 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 | |
|---|---|---|---|---|---|---|
| LHV1T AS LHV Group | €3.49 | 2.3% +€25.6m | -1.6% | PB1.9x | Financials | |
| EGR1T Enefit Green | €3.22 | 0.8% +€6.3m | -31.4% | PE15.2x | Utilities | |
| PKG1T AS Pro Kapital Grupp | €1.03 | 3.0% +€1.7m | 45.1% | PS2.5x | Real Estate | |
| MRK1T AS Merko Ehitus | €17.22 | 0.5% +€1.4m | 6.7% | PE6.6x | Industrials | |
| TSM1T AS Tallinna Sadam | €1.22 | 0.3% +€1.1m | -16.0% | PE20.2x | Industrials |
