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Estonia (OMX) Market Analysis & Valuation

UpdatedFeb 21, 2024
DataAggregated Company Financials
Companies31
  • 7D-0.04%
  • 3M1.0%
  • 1Y-9.4%
  • YTD0.07%

The market has been flat in the last week, however the Healthcare sector is down 10%. The past year hasn't been profitable, with the market dropping 10.0%. Earnings are forecast to grow by 16% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 21 Feb 2024€5.0b€5.0b€710.3m11.5x7x1x
Fri, 19 Jan 2024€5.1b€5.0b€711.3m10x7.2x1x
Sun, 17 Dec 2023€5.0b€3.8b€441.1m11.4x11.4x1.3x
Tue, 14 Nov 2023€4.5b€3.8b€442.0m11.8x10.2x1.2x
Thu, 12 Oct 2023€4.6b€3.8b€415.9m11.4x11.1x1.2x
Sat, 09 Sep 2023€4.8b€3.8b€415.2m11.8x11.5x1.3x
Mon, 07 Aug 2023€4.7b€3.8b€441.4m11.7x10.7x1.2x
Wed, 05 Jul 2023€4.8b€3.7b€386.0m12.5x12.4x1.3x
Fri, 02 Jun 2023€4.9b€3.7b€382.7m13.4x12.8x1.3x
Sun, 30 Apr 2023€4.9b€3.6b€385.0m13.5x12.8x1.4x
Tue, 28 Mar 2023€4.9b€3.5b€322.0m14.7x15.2x1.4x
Thu, 23 Feb 2023€4.9b€3.5b€338.2m13.9x14.6x1.4x
Sat, 21 Jan 2023€4.9b€3.4b€310.4m12.4x15.7x1.4x
Mon, 19 Dec 2022€4.7b€3.4b€311.5m12.2x15.2x1.4x
Wed, 16 Nov 2022€4.6b€3.4b€307.5m12.2x15x1.4x
Fri, 14 Oct 2022€4.5b€3.2b€274.0m10.8x16.2x1.4x
Sun, 11 Sep 2022€4.7b€3.2b€275.1m11.5x17.1x1.5x
Tue, 09 Aug 2022€4.7b€3.2b€283.7m12.5x16.7x1.5x
Thu, 07 Jul 2022€4.6b€3.0b€250.2m13.5x18.6x1.6x
Sat, 04 Jun 2022€4.8b€3.0b€251.6m15.7x18.9x1.6x
Mon, 02 May 2022€5.0b€2.9b€234.1m16.7x21.3x1.7x
Wed, 30 Mar 2022€5.0b€2.8b€238.0m14.7x21x1.8x
Fri, 25 Feb 2022€5.1b€2.8b€156.6m17.1x32.3x1.8x
Sun, 23 Jan 2022€5.2b€2.7b€125.6m15.3x41.4x1.9x
Tue, 21 Dec 2021€5.2b€2.7b€121.9m15.9x42.9x1.9x
Thu, 18 Nov 2021€5.4b€2.7b€121.3m16.2x44.5x2x
Sat, 16 Oct 2021€4.0b€2.5b€24.6m15.4x163.3x1.6x
Mon, 13 Sep 2021€4.3b€2.5b€19.9m17.2x214.1x1.7x
Wed, 11 Aug 2021€3.8b€2.5b€19.9m16.4x190.9x1.5x
Sun, 06 Jun 2021€3.4b€2.4b€25.5m17.3x132.4x1.4x
Wed, 10 Mar 2021€3.1b€2.5b€20.5m16.9x149.9x1.3x
Price to Earnings Ratio

149.9x


Total Market Cap: €3.1bTotal Earnings: €20.5mTotal Revenue: €2.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Estonia Market Price to Earnings3Y Average 51.2x202220232024
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 7.0x which is lower than its 3-year average PE of 51.2x.
Past Earnings Growth
  • The earnings for Estonian listed companies have grown 226% 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-0.035%
Real Estate2.18%
Consumer Staples0.77%
Telecom0.23%
Industrials0.086%
Energy0%
Materials0%
Financials-0.098%
Utilities-0.25%
Tech-0.49%
Consumer Discretionary-0.67%
Healthcare-8.06%
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 14.5x.
Forecasted Growth
  • Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 17% over the next 5 years.
  • This is better than its past earnings decline of 9.5% per year.
  • In contrast, the Utilities sector is expected to see its earnings grow by 16% 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
INF1T Infortar€26.150.8%
+€4.2m
n/aPE2.1xUtilities
TKM1T Tallinna Kaubamaja Grupp€10.380.8%
+€3.3m
2.2%PE11.3xConsumer Staples
LHV1T AS LHV Group€3.550.3%
+€3.2m
-4.4%PB2.2xFinancials
MRK1T AS Merko Ehitus€16.000.6%
+€1.8m
0.3%PE6.2xIndustrials
TAL1T AS Tallink Grupp€0.670.3%
+€1.5m
21.6%PE5.3xIndustrials
See more
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HPR1T

€6.86

Hepsor

7D

2.7%

1Y

-24.0%

LHV1T

€3.55

AS LHV Group

7D

0.3%

1Y

-4.4%

CPA1T

€2.38

Coop Pank

7D

-1.9%

1Y

-16.7%

NCN1T

€0.50

Nordecon

7D

-2.1%

1Y

-40.4%

TVE1T

€10.50

AS Tallinna Vesi

7D

-0.5%

1Y

-16.9%

AIR

€3.04

Airobot Technologies

7D

-6.5%

1Y

-22.8%

TKM1T

€10.38

Tallinna Kaubamaja Grupp

7D

0.8%

1Y

2.2%

TAL1T

€0.67

AS Tallink Grupp

7D

0.3%

1Y

21.6%

PKG1T

€0.93

AS Pro Kapital Grupp

7D

2.2%

1Y

31.5%

INF1T

€26.15

Infortar

7D

0.8%

1Y

n/a

EGR1T

€3.50

Enefit Green

7D

-0.8%

1Y

-18.7%

HAE1T

€4.91

AS Harju Elekter

7D

0.7%

1Y

-3.2%

TSM1T

€1.10

AS Tallinna Sadam

7D

-0.9%

1Y

-25.6%

CLEV

€0.40

Clevon

7D

-4.5%

1Y

-75.5%

MOLNR

€15.40

J. Molner

7D

-8.1%

1Y

121.9%