Returns At Athens International Airport (ATH:AIA) Appear To Be Weighed Down
Feb 12
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Greek (ASE) Market Analysis & Valuation
UpdatedFeb 16, 2025
DataAggregated Company Financials
Companies136
- 7D2.5%
- 3M9.7%
- 1Y10.2%
- YTD6.7%
The market is up 2.5% over the last week, with the Financials sector leading the way, up 2.9%. On the other hand, with a decline of 3.2%, the Materials sector is lagging behind. In the last year, the market has climbed 10%. As for the next few years, earnings are expected to grow by 3.8% per annum.
Market Valuation and Performance
Has the Greek Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 16 Feb 2025 | €90.2b | €86.5b | €9.6b | 12.3x | 9.4x | 1x |
| Tue, 14 Jan 2025 | €84.8b | €85.4b | €9.3b | 12.4x | 9.1x | 1x |
| Thu, 12 Dec 2024 | €83.9b | €87.1b | €9.7b | 11.6x | 8.7x | 1x |
| Sat, 09 Nov 2024 | €79.9b | €87.1b | €10.6b | 11.4x | 7.5x | 0.9x |
| Mon, 07 Oct 2024 | €81.7b | €86.4b | €10.4b | 11.6x | 7.9x | 0.9x |
| Wed, 04 Sep 2024 | €82.6b | €85.4b | €10.3b | 11.6x | 8x | 1x |
| Fri, 02 Aug 2024 | €84.3b | €83.9b | €10.2b | 11.8x | 8.2x | 1x |
| Sun, 30 Jun 2024 | €80.9b | €83.3b | €10.0b | 11.5x | 8.1x | 1x |
| Tue, 28 May 2024 | €84.9b | €85.0b | €10.0b | 12.2x | 8.5x | 1x |
| Thu, 25 Apr 2024 | €84.6b | €84.1b | €9.6b | 11.7x | 8.8x | 1x |
| Sat, 23 Mar 2024 | €83.1b | €85.5b | €9.3b | 12.7x | 9x | 1x |
| Mon, 19 Feb 2024 | €81.7b | €85.4b | €9.4b | 12.1x | 8.7x | 1x |
| Wed, 17 Jan 2024 | €75.6b | €87.1b | €9.2b | 12.2x | 8.3x | 0.9x |
| Fri, 15 Dec 2023 | €73.7b | €87.1b | €9.2b | 12.3x | 8x | 0.8x |
| Sun, 12 Nov 2023 | €69.1b | €88.5b | €9.0b | 11.2x | 7.6x | 0.8x |
| Tue, 10 Oct 2023 | €64.1b | €90.6b | €8.1b | 11.2x | 7.9x | 0.7x |
| Thu, 07 Sep 2023 | €72.1b | €91.4b | €7.9b | 13.4x | 9.1x | 0.8x |
| Sat, 05 Aug 2023 | €74.9b | €94.6b | €8.8b | 13.2x | 8.5x | 0.8x |
| Mon, 03 Jul 2023 | €72.1b | €94.7b | €8.8b | 12.8x | 8.2x | 0.8x |
| Wed, 31 May 2023 | €68.8b | €94.1b | €8.5b | 12x | 8.1x | 0.7x |
| Fri, 28 Apr 2023 | €62.4b | €91.3b | €8.6b | 11.8x | 7.2x | 0.7x |
| Sun, 26 Mar 2023 | €58.9b | €90.2b | €8.7b | 11.3x | 6.7x | 0.7x |
| Tue, 21 Feb 2023 | €65.2b | €93.0b | €10.8b | 12.3x | 6.1x | 0.7x |
| Thu, 19 Jan 2023 | €57.9b | €90.5b | €10.5b | 11.8x | 5.5x | 0.6x |
| Sat, 17 Dec 2022 | €53.9b | €90.5b | €10.5b | 10.7x | 5.1x | 0.6x |
| Mon, 14 Nov 2022 | €53.2b | €81.4b | €9.6b | 11x | 5.6x | 0.7x |
| Wed, 12 Oct 2022 | €48.6b | €78.6b | €9.0b | 10.3x | 5.4x | 0.6x |
| Fri, 09 Sep 2022 | €49.7b | €74.8b | €9.1b | 11x | 5.5x | 0.7x |
| Sun, 07 Aug 2022 | €49.0b | €72.0b | €8.5b | 11.1x | 5.8x | 0.7x |
| Tue, 05 Jul 2022 | €46.7b | €67.7b | €5.4b | 11x | 8.6x | 0.7x |
| Thu, 02 Jun 2022 | €52.1b | €66.3b | €5.3b | 12.1x | 9.8x | 0.8x |
| Sat, 30 Apr 2022 | €53.5b | €62.0b | €4.1b | 13.6x | 13x | 0.9x |
| Mon, 28 Mar 2022 | €49.0b | €58.9b | €3.8b | 13.1x | 12.9x | 0.8x |
| Wed, 23 Feb 2022 | €51.4b | €52.0b | €3.5b | 15.3x | 14.7x | 1x |
Price to Earnings Ratio
14.7x
Current Market PE
- Investors are optimistic on the Greek market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 9.4x which is higher than its 3-year average PE of 8.1x.
Past Earnings Growth
- The earnings for Greek listed companies have grown 40% per year over the last three years.
- Revenues for these companies have grown 18% 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 | 2.47% | |
| Energy | 6.49% | |
| Industrials | 3.93% | |
| Telecom | 3.61% | |
| Financials | 2.87% | |
| Consumer Staples | 2.20% | |
| Utilities | 1.83% | |
| Real Estate | 1.46% | |
| Consumer Discretionary | 1.21% | |
| Tech | 1.19% | |
| Healthcare | 0.53% | |
| Information Technology | 0% | 0 |
| Financials | 0% | 0 |
| Health Care | 0% | 0 |
| Industrials | 0% | 0 |
| Materials | -3.23% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 18.3x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Financials sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 4.7x.
Forecasted Growth
- Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 20% over the next 5 years.
- However this is lower than its past earnings growth rate of 34% per year.
- In contrast, the Industrials sector is expected to see its earnings decline by 5.0% 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 | |
|---|---|---|---|---|---|---|
| TPEIR Piraeus Financial Holdings | €4.67 | 5.9% +€325.4m | 18.3% | PB0.7x | Financials | |
| MYTIL Metlen Energy & Metals | €36.10 | 6.9% +€320.2m | -2.5% | PE7.8x | Industrials | |
| ALPHA Alpha Services and Holdings | €1.87 | 6.2% +€253.2m | 11.1% | PB0.5x | Financials | |
| HTO Hellenic Telecommunications Organization | €15.07 | 3.8% +€223.0m | 12.0% | PE11.1x | Telecom | |
| MOH Motor Oil (Hellas) Corinth Refineries | €22.64 | 8.2% +€185.5m | -16.8% | PE7.9x | Energy |
