Market Still Lacking Some Conviction On Mytilineos S.A. (ATH:MYTIL)
Apr 20
Greek (ASE) Industrials Sector Analysis
UpdatedApr 24, 2024
DataAggregated Company Financials
Companies24
- 7D6.9%
- 3M2.8%
- 1Y42.9%
- YTD3.8%
In the last week, the Industrials industry is up 1.7%, with Mytilineos up 9.7%. This takes the industry's 12 month performance to a gain of 37%. Looking forward, earnings are expected to remain mostly flat in the next few years.
Sector Valuation and Performance
Has the Greek Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Apr 2024 | €14.6b | €14.1b | €1.5b | 9.4x | 9.5x | 1x |
| Fri, 22 Mar 2024 | €14.6b | €14.6b | €1.4b | 11x | 10.1x | 1x |
| Sun, 18 Feb 2024 | €14.4b | €14.5b | €1.4b | 11.3x | 9.9x | 1x |
| Tue, 16 Jan 2024 | €11.6b | €15.3b | €1.2b | 11x | 9.9x | 0.8x |
| Thu, 14 Dec 2023 | €11.1b | €15.3b | €1.2b | 10.7x | 9.5x | 0.7x |
| Sat, 11 Nov 2023 | €10.5b | €15.6b | €1.1b | 10.4x | 9.2x | 0.7x |
| Mon, 09 Oct 2023 | €9.6b | €15.6b | €1.1b | 9.6x | 8.4x | 0.6x |
| Wed, 06 Sep 2023 | €10.9b | €15.6b | €935.3m | 11.3x | 11.6x | 0.7x |
| Fri, 04 Aug 2023 | €11.2b | €15.6b | €934.1m | 11.7x | 12x | 0.7x |
| Sun, 02 Jul 2023 | €10.1b | €15.2b | €836.4m | 9.3x | 12x | 0.7x |
| Tue, 30 May 2023 | €9.4b | €15.1b | €798.9m | 9.1x | 11.7x | 0.6x |
| Thu, 27 Apr 2023 | €8.4b | €14.3b | €763.3m | 8x | 11x | 0.6x |
| Sat, 25 Mar 2023 | €7.9b | €14.3b | €774.7m | 7.8x | 10.2x | 0.6x |
| Mon, 20 Feb 2023 | €8.1b | €14.2b | €737.6m | 8.3x | 11x | 0.6x |
| Wed, 18 Jan 2023 | €7.6b | €12.4b | €595.0m | 7.5x | 12.8x | 0.6x |
| Fri, 16 Dec 2022 | €6.7b | €12.4b | €595.0m | 7.1x | 11.3x | 0.5x |
| Sun, 13 Nov 2022 | €6.4b | €11.3b | €521.7m | 7.3x | 12.2x | 0.6x |
| Tue, 11 Oct 2022 | €5.8b | €11.1b | €485.2m | 7.5x | 11.9x | 0.5x |
| Thu, 08 Sep 2022 | €5.9b | €9.7b | €379.2m | 10.2x | 15.5x | 0.6x |
| Sat, 06 Aug 2022 | €5.8b | €9.7b | €379.6m | 10.4x | 15.4x | 0.6x |
| Mon, 04 Jul 2022 | €5.6b | €8.5b | €289.6m | 10.4x | 19.4x | 0.7x |
| Wed, 01 Jun 2022 | €6.1b | €8.5b | €275.2m | 11.2x | 22.3x | 0.7x |
| Fri, 29 Apr 2022 | €6.4b | €8.3b | €156.9m | 13.2x | 40.5x | 0.8x |
| Sun, 27 Mar 2022 | €5.5b | €8.3b | €19.3m | 12x | 285.2x | 0.7x |
| Tue, 22 Feb 2022 | €6.1b | €8.2b | -€3,651,532.00 | 13.5x | -1682.2x | 0.7x |
| Thu, 20 Jan 2022 | €6.1b | €7.5b | -€29,610,532.00 | 14.7x | -205.9x | 0.8x |
| Sat, 18 Dec 2021 | €5.9b | €7.4b | -€28,837,809.00 | 14.1x | -205x | 0.8x |
| Mon, 15 Nov 2021 | €6.1b | €7.2b | -€197,674,776.00 | 15.1x | -30.6x | 0.8x |
| Wed, 13 Oct 2021 | €6.0b | €7.2b | -€217,414,678.00 | 14.8x | -27.7x | 0.8x |
| Fri, 10 Sep 2021 | €6.1b | €7.0b | -€189,427,531.00 | 15.5x | -32.1x | 0.9x |
| Sun, 08 Aug 2021 | €5.2b | €6.5b | -€42,723,817.00 | 19.1x | -122.9x | 0.8x |
| Sat, 01 May 2021 | €5.3b | €6.4b | -€33,208,374.00 | 19.6x | -158.4x | 0.8x |
Price to Earnings Ratio
-158.4x
Current Industry PE
- Investors are pessimistic on the Greek Industrials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 9.2x which is higher than its 3-year average PE of -68.5x.
- The 3-year average PS ratio of 0.72x is lower than the industry's current PS ratio of 1.0x.
Past Earnings Growth
- Total earnings for the Industrials industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 30% 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 Industrials sector?
| GR Market | 6.03% | |
| Industrials | 6.85% | |
| Industrials | 9.83% | |
| Airlines | 8.92% | |
| Machinery | 5.96% | |
| Marine and Shipping | 5.83% | |
| Construction | 5.58% | |
| Trade Distributors | 3.82% | |
| Infrastructure | 3.19% | |
| Commercial Services | 3.17% | |
| Aerospace & Defense | 0% | |
| Building | 0% | |
| Electrical | 0% | |
| Professional Services | 0% | |
| Logistics | 0% | |
| Transportation | 0% | |
Industry PE
- Investors are most optimistic about the Construction industry even though it's trading below its 3-year average PE ratio of 72.8x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Industrials industry, expecting annual earnings growth of 8.0% over the next 5 years.
- However this is lower than its past earnings growth rate of 34% per year.
- In contrast, the Airlines industry is expected to see its earnings decline by 18% 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 | |
|---|---|---|---|---|---|
| MYTIL Mytilineos | €38.80 | 9.7% +€474.8m | 44.0% | PE8.6x | |
| GEKTERNA Gek Terna | €16.60 | 7.4% +€106.2m | 33.4% | PE9.2x | |
| AEGN Aegean Airlines | €12.33 | 8.9% +€90.8m | 59.9% | PE6.5x | |
| AIA Athens International Airport | €8.45 | 3.5% +€84.6m | n/a | PE10.9x | |
| ATTICA Attica Holdings | €2.36 | 5.8% +€31.6m | -5.6% | PE9.4x |
