Returns On Capital At Halma (LON:HLMA) Have Stalled
Sep 23
U.K. (FTSE) Market Analysis & Valuation
UpdatedSep 23, 2023
DataAggregated Company Financials
Companies1500
- 7D-0.3%
- 3M2.6%
- 1Y5.3%
- YTD-2.1%
The market has been flat over the last week. More promisingly, the market is up 5.3% over the past year. Looking forward, earnings are forecast to grow by 10% annually.
Market Valuation and Performance
Has the U.K. Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 23 Sep 2023 | UK£2.4t | UK£2.4t | UK£212.1b | 14.5x | 11.5x | 1x |
| Mon, 21 Aug 2023 | UK£2.3t | UK£2.4t | UK£209.8b | 14.2x | 11.1x | 1x |
| Wed, 19 Jul 2023 | UK£2.4t | UK£2.4t | UK£230.9b | 13.8x | 10.5x | 1x |
| Fri, 16 Jun 2023 | UK£2.5t | UK£2.4t | UK£233.8b | 14.4x | 10.6x | 1x |
| Sun, 14 May 2023 | UK£2.5t | UK£2.4t | UK£237.1b | 14.4x | 10.6x | 1x |
| Tue, 11 Apr 2023 | UK£2.5t | UK£2.4t | UK£205.3b | 13.8x | 12.2x | 1.1x |
| Thu, 09 Mar 2023 | UK£2.6t | UK£2.4t | UK£216.5b | 13.8x | 12.1x | 1.1x |
| Sat, 04 Feb 2023 | UK£2.6t | UK£2.3t | UK£210.6b | 14.2x | 12.4x | 1.1x |
| Mon, 02 Jan 2023 | UK£2.5t | UK£2.3t | UK£210.5b | 13.4x | 11.7x | 1.1x |
| Wed, 30 Nov 2022 | UK£2.5t | UK£2.3t | UK£212.8b | 13.5x | 11.7x | 1.1x |
| Fri, 28 Oct 2022 | UK£2.4t | UK£2.4t | UK£213.8b | 12.3x | 11.2x | 1x |
| Sun, 25 Sep 2022 | UK£2.4t | UK£2.4t | UK£217.7b | 12.3x | 10.8x | 1x |
| Tue, 23 Aug 2022 | UK£2.5t | UK£2.3t | UK£211.3b | 13.8x | 12x | 1.1x |
| Thu, 21 Jul 2022 | UK£2.5t | UK£2.3t | UK£197.0b | 13.8x | 12.7x | 1.1x |
| Sat, 18 Jun 2022 | UK£2.4t | UK£2.3t | UK£194.1b | 14.1x | 12.5x | 1.1x |
| Mon, 16 May 2022 | UK£2.5t | UK£2.2t | UK£181.3b | 15.3x | 13.9x | 1.2x |
| Wed, 13 Apr 2022 | UK£2.6t | UK£2.0t | UK£187.3b | 16.7x | 14x | 1.3x |
| Fri, 11 Mar 2022 | UK£2.5t | UK£2.0t | UK£188.4b | 16x | 13.1x | 1.2x |
| Sun, 06 Feb 2022 | UK£2.7t | UK£1.9t | UK£164.6b | 18.1x | 16.5x | 1.4x |
| Tue, 04 Jan 2022 | UK£2.8t | UK£1.9t | UK£164.0b | 19.6x | 17.1x | 1.5x |
| Thu, 02 Dec 2021 | UK£2.7t | UK£1.9t | UK£162.7b | 19.1x | 16.4x | 1.4x |
| Sat, 30 Oct 2021 | UK£2.8t | UK£1.9t | UK£152.9b | 21.3x | 18.2x | 1.5x |
| Mon, 27 Sep 2021 | UK£2.7t | UK£1.8t | UK£141.2b | 23.4x | 18.9x | 1.5x |
| Wed, 25 Aug 2021 | UK£2.8t | UK£1.8t | UK£138.8b | 24.9x | 19.8x | 1.5x |
| Thu, 01 Jul 2021 | UK£2.7t | UK£1.8t | UK£138.4b | 23.9x | 19.2x | 1.5x |
| Sun, 04 Apr 2021 | UK£2.5t | UK£1.7t | UK£90.7b | 23.2x | 27.6x | 1.5x |
| Wed, 06 Jan 2021 | UK£2.3t | UK£1.7t | UK£52.7b | 22.6x | 44.5x | 1.4x |
| Sat, 10 Oct 2020 | UK£2.1t | UK£1.7t | UK£39.5b | 21.5x | 52.7x | 1.2x |
Price to Earnings Ratio
52.7x
Current Market PE
- Investors are pessimistic on the British market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 11.5x which is lower than its 3-year average PE of 21.0x.
Past Earnings Growth
- The earnings for British listed companies have grown 75% per year over the last three years.
- Revenues for these companies have grown 12% 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 U.K. Market?
| GB Market | -0.35% | |
| Healthcare | 0.78% | |
| Energy | 0.72% | |
| Financials | 0.38% | |
| Real Estate | 0.32% | |
| Consumer Staples | 0.18% | |
| Telecom | -0.19% | |
| Utilities | -0.46% | |
| Industrials | -1.50% | |
| Materials | -1.59% | |
| Tech | -1.73% | |
| Consumer Discretionary | -2.57% | |
Sector PE
- Investors favour the Tech sector the most for future growth even though it's trading below its 3-year average PE ratio of 122x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 18.4%, which is higher than its past year's earnings growth of 9.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 63% over the next 5 years.
- This is better than its past earnings decline of 1.6% per year.
- In contrast, the Energy sector is expected to see its earnings decline by 5.8% 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 | |
|---|---|---|---|---|---|---|
| ENPL En+ Group International | US$9.30 | n/a US$4.7b | -8.8% | PE2.2x | Materials | |
| HSBA HSBC Holdings | UK£6.43 | 2.2% +UK£2.6b | 26.1% | PB0.8x | Financials | |
| SHEL Shell | UK£26.08 | 1.1% +UK£1.8b | 17.7% | PE7.4x | Energy | |
| AZN AstraZeneca | UK£110.46 | 1.0% +UK£1.6b | 10.3% | PE34x | Healthcare | |
| LLOY Lloyds Banking Group | UK£0.45 | 5.0% +UK£1.3b | -1.9% | PB0.6x | Financials |
Market Insights
This week we are having a look at the diverse and interesting field of nanotechnology. We’re going to have a look at what it is in the first place, the types of nanotech applications, and how to invest in the space.
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