Greek (ASE) Financials Sector Analysis
UpdatedApr 17, 2024
DataAggregated Company Financials
Companies18
- 7D-3.7%
- 3M7.4%
- 1Y38.5%
- YTD10.6%
In the last week, the Financials industry is flat overall, with Eurobank Ergasias Services and Holdings standing out by going down 4.1%. The past year has been better, since the industry has gained 43% in that time. As for the next few years, earnings are expected to grow by 4.3% per annum.
Sector Valuation and Performance
Has the Greek Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 17 Apr 2024 | €24.3b | €9.9b | €4.0b | 7.1x | 6.1x | 2.5x |
| Fri, 15 Mar 2024 | €24.6b | €9.8b | €3.9b | 6.8x | 6.2x | 2.5x |
| Sun, 11 Feb 2024 | €24.4b | €10.0b | €4.3b | 6.7x | 5.6x | 2.4x |
| Tue, 09 Jan 2024 | €22.0b | €10.2b | €4.4b | 6.5x | 5.1x | 2.2x |
| Thu, 07 Dec 2023 | €21.2b | €10.2b | €4.4b | 6.3x | 4.9x | 2.1x |
| Sat, 04 Nov 2023 | €19.6b | €9.5b | €3.8b | 7.5x | 5.2x | 2.1x |
| Mon, 02 Oct 2023 | €18.2b | €9.4b | €3.7b | 6.5x | 4.9x | 1.9x |
| Wed, 30 Aug 2023 | €20.8b | €9.3b | €3.7b | 10.4x | 5.6x | 2.2x |
| Fri, 28 Jul 2023 | €21.6b | €9.8b | €3.7b | 11.7x | 5.8x | 2.2x |
| Sun, 25 Jun 2023 | €19.1b | €9.8b | €3.7b | 8x | 5.1x | 1.9x |
| Tue, 23 May 2023 | €19.4b | €10.0b | €3.6b | 7.5x | 5.4x | 1.9x |
| Thu, 20 Apr 2023 | €16.6b | €10.3b | €3.7b | 9.3x | 4.4x | 1.6x |
| Sat, 18 Mar 2023 | €14.6b | €9.6b | €3.4b | 10.3x | 4.3x | 1.5x |
| Mon, 13 Feb 2023 | €16.4b | €14.9b | €5.8b | 8.6x | 2.8x | 1.1x |
| Wed, 11 Jan 2023 | €13.6b | €14.9b | €5.8b | 7.1x | 2.4x | 0.9x |
| Fri, 09 Dec 2022 | €12.2b | €14.9b | €5.8b | 6.5x | 2.1x | 0.8x |
| Sun, 06 Nov 2022 | €12.1b | €11.1b | €4.7b | 10.1x | 2.6x | 1.1x |
| Tue, 04 Oct 2022 | €10.2b | €11.1b | €4.7b | 12.7x | 2.2x | 0.9x |
| Thu, 01 Sep 2022 | €10.9b | €11.0b | €4.7b | 10.1x | 2.3x | 1x |
| Sat, 30 Jul 2022 | €8.2b | €10.4b | €2.1b | 8.6x | 3.9x | 0.8x |
| Mon, 27 Jun 2022 | €8.3b | €10.4b | €2.1b | 8.4x | 3.9x | 0.8x |
| Wed, 25 May 2022 | €9.0b | €10.5b | €2.3b | 9.7x | 3.9x | 0.9x |
| Fri, 22 Apr 2022 | €10.5b | €9.6b | €1.4b | 9.7x | 7.6x | 1.1x |
| Sun, 20 Mar 2022 | €9.4b | €9.5b | €1.5b | 10.3x | 6.5x | 1x |
| Tue, 15 Feb 2022 | €8.4b | €4.9b | €1.4b | 16.4x | 6.1x | 1.7x |
| Thu, 13 Jan 2022 | €7.6b | €4.9b | €1.4b | 14.9x | 5.5x | 1.6x |
| Sat, 11 Dec 2021 | €6.9b | €4.9b | €1.4b | 13.9x | 5x | 1.4x |
| Mon, 08 Nov 2021 | €7.0b | €4.9b | €1.4b | 14.4x | 5.1x | 1.4x |
| Wed, 06 Oct 2021 | €6.2b | €4.9b | €1.4b | 13.7x | 4.5x | 1.3x |
| Fri, 03 Sep 2021 | €6.4b | €4.9b | €1.3b | 10.3x | 4.8x | 1.3x |
| Sun, 01 Aug 2021 | €5.9b | €4.9b | €1.3b | 10.4x | 4.4x | 1.2x |
| Wed, 05 May 2021 | €8.2b | €5.5b | -€987,058,748.00 | 7.6x | -8.3x | 1.5x |
Price to Earnings Ratio
-8.3x
Current Industry PE
- Investors are optimistic on the Greek Financials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 6.1x which is higher than its 3-year average PE of 3.7x.
- The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 2.5x.
Past Earnings Growth
- Total earnings for the Financials industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 22% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Greek Financials sector?
| GR Market | -1.98% | |
| Financials | -3.66% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Consumer Finance | 0% | |
| Insurance | -3.03% | |
| Capital Markets | -3.38% | |
| Banks | -3.66% | |
| Diversified Financial | -3.90% | |
Industry PE
- Investors are most optimistic about the Capital Markets industry even though it's trading below its 3-year average PE ratio of 37.1x.
- Analysts are expecting annual earnings growth of 24.5%, which is lower than the prior year's growth of 84.2% per year.
- Investors are most pessimistic about the Diversified Financial industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 0.98x.
Forecasted Growth
- Analysts are most optimistic on the Capital Markets industry, expecting annual earnings growth of 25% over the next 5 years.
- However this is lower than its past earnings growth rate of 84% per year.
- In contrast, the Banks industry is expected to see its earnings grow by 4.1% 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 | |
|---|---|---|---|---|---|
| OPTIMA Optima bank | €9.81 | 1.9% +€13.3m | n/a | PB1.4x | |
| GCMEZZ Galaxy Cosmos Mezz | €0.70 | 0.1% +€86.9k | 47.0% | n/a |