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Estonia (OMX) Market Analysis & Valuation

UpdatedMar 18, 2024
DataAggregated Company Financials
Companies31
  • 7D-0.6%
  • 3M2.7%
  • 1Y-9.9%
  • YTD2.8%

In the last week, the market has been flat, with a notable exception in the Communication Services sector dropping 6.3%. The past year hasn't been profitable, with the market dropping 9.9%. Looking forward, earnings are forecast to grow by 12% annually.

Market Valuation and Performance

Has the Estonia Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 18 Mar 2024€5.1b€4.9b€715.2m11.2x7.2x1x
Wed, 14 Feb 2024€5.0b€5.0b€713.3m11.3x7x1x
Fri, 12 Jan 2024€5.1b€5.0b€709.1m10.2x7.2x1x
Sun, 10 Dec 2023€4.4b€3.8b€441.1m11.4x10x1.2x
Tue, 07 Nov 2023€4.5b€3.9b€455.2m10.1x10x1.2x
Thu, 05 Oct 2023€4.7b€3.8b€415.9m11.6x11.3x1.2x
Sat, 02 Sep 2023€4.6b€3.8b€414.9m11.4x11.1x1.2x
Mon, 31 Jul 2023€4.8b€3.8b€454.1m11.1x10.6x1.3x
Wed, 28 Jun 2023€4.8b€3.7b€386.6m12.8x12.4x1.3x
Fri, 26 May 2023€4.9b€3.7b€382.7m13.4x12.7x1.3x
Sun, 23 Apr 2023€4.9b€3.6b€348.3m13.9x14.2x1.4x
Tue, 21 Mar 2023€4.9b€3.5b€322.0m14.9x15.2x1.4x
Thu, 16 Feb 2023€5.0b€3.5b€321.8m12.9x15.5x1.4x
Sat, 14 Jan 2023€4.8b€3.4b€311.5m12.4x15.5x1.4x
Mon, 12 Dec 2022€4.7b€3.4b€311.5m12.2x15.1x1.4x
Wed, 09 Nov 2022€4.5b€3.4b€306.9m12.6x14.8x1.3x
Fri, 07 Oct 2022€4.4b€3.2b€274.0m11.2x16.1x1.4x
Sun, 04 Sep 2022€4.7b€3.2b€275.1m11.6x17.1x1.5x
Tue, 02 Aug 2022€4.7b€3.1b€274.2m12.6x17x1.5x
Thu, 30 Jun 2022€4.6b€3.0b€250.7m13.4x18.3x1.5x
Sat, 28 May 2022€4.7b€3.0b€249.5m15.9x18.9x1.6x
Mon, 25 Apr 2022€5.0b€2.9b€244.7m14.2x20.6x1.7x
Wed, 23 Mar 2022€5.0b€2.8b€238.0m14.5x21.2x1.8x
Fri, 18 Feb 2022€5.2b€2.7b€136.2m17.5x38.1x1.9x
Sun, 16 Jan 2022€5.5b€2.7b€121.9m16.6x45x2x
Tue, 14 Dec 2021€5.3b€2.7b€121.9m16.1x43.5x2x
Thu, 11 Nov 2021€5.3b€2.5b€65.9m16x79.8x2.1x
Sat, 09 Oct 2021€3.9b€2.5b€19.5m15.5x201.6x1.6x
Mon, 06 Sep 2021€4.4b€2.5b€19.9m17.6x220.4x1.8x
Wed, 04 Aug 2021€3.7b€2.5b€19.9m16.4x187.8x1.5x
Sat, 08 May 2021€3.4b€2.4b€25.5m17.2x133.2x1.4x
Price to Earnings Ratio

124.6x


Total Market Cap: €3.2bTotal Earnings: €25.5mTotal Revenue: €2.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Estonia Market Price to Earnings3Y Average 47.4x202220232024
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 7.2x which is lower than its 3-year average PE of 47.4x.
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-0.61%
Consumer Discretionary0.69%
Consumer Staples0.15%
Energy0%
Materials0%
Industrials-0.28%
Financials-0.29%
Real Estate-0.84%
Utilities-1.06%
Tech-2.79%
Healthcare-2.88%
Telecom-6.30%
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.
  • The Utilities sector is the least preferred by investors for future growth, which is trading below its 3-year average of 14.2x.
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?

CompanyLast Price7D1YValuationSector
TKM1T Tallinna Kaubamaja Grupp€10.520.4%
+€1.6m
0.4%PE11.4xConsumer Staples
MRK1T AS Merko Ehitus€16.060.2%
+€708.0k
3.9%PE6.2xIndustrials
NHCBHFFT Baltic Horizon Fund€0.321.6%
+€586.2k
-45.2%PS1.6xFinancials
SAUNA Saunum Group€3.965.3%
+€287.6k
-55.1%PS1.8xConsumer Discretionary
SKN1T Nordic Fibreboard€0.823.8%
+€135.0k
-45.7%PS0.5xIndustrials
See more
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Market Insights

When we checked in on commodity markets in November there was a lot of red on the YTD returns table. Since then, the gold price has hit a new record and crude is back above $80...

Latest News

TAL1T

€0.70

AS Tallink Grupp

7D

-0.7%

1Y

23.0%

EGR1T

€3.29

Enefit Green

7D

-1.1%

1Y

-24.9%

SKN1T

€0.82

Nordic Fibreboard

7D

3.8%

1Y

-45.7%

BERCM

€1.78

Bercman Technologies

7D

0.8%

1Y

-53.8%

TPD1T

€0.73

AS Trigon Property Development

7D

3.1%

1Y

-17.3%

MRK1T

€16.06

AS Merko Ehitus

7D

0.2%

1Y

3.9%

EEG1T

€1.15

AS Ekspress Grupp

7D

-9.4%

1Y

-27.0%

NHCBHFFT

€0.32

Baltic Horizon Fund

7D

1.6%

1Y

-45.2%

CPA1T

€2.33

Coop Pank

7D

-1.5%

1Y

-16.5%

TVE1T

€10.40

AS Tallinna Vesi

7D

-1.0%

1Y

-17.6%

SAUNA

€3.96

Saunum Group

7D

5.3%

1Y

-55.1%