Titan Cement International S.A.'s (ATH:TITC) Intrinsic Value Is Potentially 44% Above Its Share Price
Apr 24
Greek (ASE) Market Analysis & Valuation
UpdatedApr 27, 2024
DataAggregated Company Financials
Companies136
- 7D4.2%
- 3M6.9%
- 1Y31.5%
- YTD10.0%
Over the last 7 days, the market has risen 4.2%, driven by gains of 7.3% in the Financials sector. The market is up 31% over the last 12 months. As for the next few years, earnings are expected to grow by 4.1% per annum.
Trending IndustriesSoftware
Market Valuation and Performance
Has the Greek Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 27 Apr 2024 | €84.8b | €84.3b | €9.6b | 12.1x | 8.8x | 1x |
| Mon, 25 Mar 2024 | €83.1b | €85.5b | €9.3b | 12.7x | 9x | 1x |
| Wed, 21 Feb 2024 | €82.7b | €85.4b | €9.4b | 12.3x | 8.8x | 1x |
| Fri, 19 Jan 2024 | €76.2b | €87.1b | €9.2b | 12.2x | 8.3x | 0.9x |
| Sun, 17 Dec 2023 | €73.5b | €87.1b | €9.2b | 12.3x | 8x | 0.8x |
| Tue, 14 Nov 2023 | €69.2b | €88.6b | €9.0b | 11.2x | 7.6x | 0.8x |
| Thu, 12 Oct 2023 | €67.5b | €90.6b | €8.1b | 11.5x | 8.3x | 0.7x |
| Sat, 09 Sep 2023 | €71.4b | €91.6b | €7.9b | 13x | 9x | 0.8x |
| Mon, 07 Aug 2023 | €74.8b | €94.6b | €8.8b | 13.2x | 8.5x | 0.8x |
| Wed, 05 Jul 2023 | €73.1b | €94.7b | €8.8b | 12.9x | 8.3x | 0.8x |
| Fri, 02 Jun 2023 | €68.1b | €94.0b | €8.8b | 12.1x | 7.8x | 0.7x |
| Sun, 30 Apr 2023 | €61.8b | €92.4b | €8.6b | 12x | 7.2x | 0.7x |
| Tue, 28 Mar 2023 | €59.9b | €90.2b | €8.7b | 11.6x | 6.8x | 0.7x |
| Thu, 23 Feb 2023 | €63.9b | €93.0b | €10.8b | 12.2x | 5.9x | 0.7x |
| Sat, 21 Jan 2023 | €57.5b | €90.5b | €10.5b | 11.6x | 5.5x | 0.6x |
| Mon, 19 Dec 2022 | €53.9b | €90.5b | €10.5b | 10.7x | 5.1x | 0.6x |
| Wed, 16 Nov 2022 | €53.5b | €84.7b | €10.3b | 10.7x | 5.2x | 0.6x |
| Fri, 14 Oct 2022 | €48.9b | €78.5b | €9.0b | 10.3x | 5.4x | 0.6x |
| Sun, 11 Sep 2022 | €50.7b | €74.8b | €9.1b | 11x | 5.6x | 0.7x |
| Tue, 09 Aug 2022 | €49.6b | €68.9b | €8.4b | 11.1x | 5.9x | 0.7x |
| Thu, 07 Jul 2022 | €45.3b | €67.7b | €5.4b | 10.9x | 8.4x | 0.7x |
| Sat, 04 Jun 2022 | €52.1b | €66.2b | €5.2b | 11.9x | 10x | 0.8x |
| Mon, 02 May 2022 | €53.5b | €63.1b | €4.1b | 12.6x | 13x | 0.8x |
| Wed, 30 Mar 2022 | €51.4b | €58.8b | €3.8b | 13.2x | 13.5x | 0.9x |
| Fri, 25 Feb 2022 | €49.0b | €52.0b | €3.5b | 14.5x | 14.1x | 0.9x |
| Sun, 23 Jan 2022 | €50.4b | €51.3b | €3.5b | 15.1x | 14.6x | 1x |
| Tue, 21 Dec 2021 | €47.3b | €51.3b | €3.5b | 14.3x | 13.7x | 0.9x |
| Thu, 18 Nov 2021 | €47.6b | €49.1b | €3.3b | 15.2x | 14.3x | 1x |
| Sat, 16 Oct 2021 | €46.5b | €48.1b | €3.1b | 14.8x | 15.1x | 1x |
| Mon, 13 Sep 2021 | €47.2b | €47.5b | €2.5b | 20.3x | 18.7x | 1x |
| Wed, 11 Aug 2021 | €45.6b | €46.7b | €2.6b | 20.6x | 17.5x | 1x |
| Sun, 06 Jun 2021 | €48.6b | €44.6b | €6.6m | 19.9x | 7399.6x | 1.1x |
Price to Earnings Ratio
7067.9x
Current Market PE
- Investors are pessimistic on the Greek market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 8.8x which is lower than its 3-year average PE of 413x.
Past Earnings Growth
- The earnings for Greek listed companies have grown 1,036% per year over the last three years.
- Revenues for these companies have grown 24% 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 Greek Market?
| GR Market | 4.22% | |
| Tech | 11.74% | |
| Financials | 7.26% | |
| Materials | 5.28% | |
| Telecom | 3.83% | |
| Real Estate | 3.17% | |
| Energy | 2.68% | |
| Utilities | 2.61% | |
| Industrials | 2.32% | |
| Consumer Discretionary | 1.66% | |
| Healthcare | 0.56% | |
| Consumer Staples | -0.17% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth, which is trading close to its 3-year average PE ratio of 23.9x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 6.4x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 46% over the next 5 years.
- This is better than its past earnings growth rate of 19% per year.
- In contrast, the Energy sector is expected to see its earnings decline by 29% 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 | |
|---|---|---|---|---|---|---|
| EUROB Eurobank Ergasias Services and Holdings | €2.02 | 10.1% +€680.8m | 57.8% | PB0.9x | Financials | |
| ETE National Bank of Greece | €7.70 | 8.5% +€554.1m | 62.4% | PB0.9x | Financials | |
| TPEIR Piraeus Financial Holdings | €3.98 | 5.3% +€249.3m | 86.0% | PB0.7x | Financials | |
| HTO Hellenic Telecommunications Organization | €14.34 | 3.8% +€219.5m | 8.2% | PE11.2x | Telecom | |
| BELA Jumbo | €28.70 | 5.3% +€195.9m | 37.3% | PE12.9x | Consumer Discretionary |
