Would Elastron - Steel Service Centers (ATH:ELSTR) Be Better Off With Less Debt?
Nov 16
Greek (ASE) Materials Sector Analysis
UpdatedDec 01, 2023
DataAggregated Company Financials
Companies19
- 7D2.7%
- 3M-2.9%
- 1Y24.7%
- YTD26.5%
The Materials industry has gained 2.7% in the last week and Plastika Kritis up 6.7%. This means that the industry has gained 25% over the past year. Looking forward, earnings are forecast to grow by 4.2% annually.
Sector Valuation and Performance
Has the Greek Materials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 01 Dec 2023 | €3.5b | €8.1b | €351.6m | 11.7x | 10x | 0.4x |
| Sun, 29 Oct 2023 | €3.1b | €8.2b | €349.8m | 9.4x | 8.8x | 0.4x |
| Tue, 26 Sep 2023 | €3.2b | €8.3b | €359.4m | 8.2x | 8.8x | 0.4x |
| Thu, 24 Aug 2023 | €3.5b | €8.5b | €450.3m | 8x | 7.8x | 0.4x |
| Sat, 22 Jul 2023 | €3.6b | €8.4b | €429.9m | 7.5x | 8.4x | 0.4x |
| Mon, 19 Jun 2023 | €3.4b | €8.4b | €429.9m | 7x | 8x | 0.4x |
| Wed, 17 May 2023 | €3.1b | €8.4b | €482.0m | 6.7x | 6.4x | 0.4x |
| Fri, 14 Apr 2023 | €3.1b | €8.3b | €453.1m | 6.8x | 6.8x | 0.4x |
| Sun, 12 Mar 2023 | €3.0b | €8.1b | €442.4m | 6.7x | 6.8x | 0.4x |
| Tue, 07 Feb 2023 | €3.0b | €8.0b | €437.1m | 6.7x | 6.9x | 0.4x |
| Thu, 05 Jan 2023 | €2.8b | €8.0b | €437.0m | 6.5x | 6.4x | 0.3x |
| Sat, 03 Dec 2022 | €2.7b | €8.0b | €437.0m | 6.3x | 6.3x | 0.3x |
| Mon, 31 Oct 2022 | €2.6b | €7.7b | €417.2m | 5.3x | 6.2x | 0.3x |
| Wed, 28 Sep 2022 | €2.5b | €7.6b | €412.4m | 5.1x | 6.1x | 0.3x |
| Fri, 26 Aug 2022 | €2.7b | €7.1b | €424.3m | 7x | 6.4x | 0.4x |
| Sun, 24 Jul 2022 | €2.6b | €7.0b | €423.1m | 7x | 6.1x | 0.4x |
| Tue, 21 Jun 2022 | €2.5b | €7.0b | €423.1m | 6.9x | 6x | 0.4x |
| Thu, 19 May 2022 | €2.8b | €6.7b | €392.5m | 7.4x | 7.1x | 0.4x |
| Sat, 16 Apr 2022 | €3.1b | €6.5b | €420.6m | 8x | 7.3x | 0.5x |
| Mon, 14 Mar 2022 | €2.9b | €6.1b | €355.5m | 7.9x | 8.1x | 0.5x |
| Wed, 09 Feb 2022 | €3.2b | €6.1b | €355.5m | 8.4x | 8.9x | 0.5x |
| Fri, 07 Jan 2022 | €3.2b | €6.1b | €355.5m | 8.7x | 9.1x | 0.5x |
| Sun, 05 Dec 2021 | €3.2b | €6.1b | €355.5m | 8.3x | 9x | 0.5x |
| Tue, 02 Nov 2021 | €3.3b | €5.8b | €351.0m | 8.4x | 9.4x | 0.6x |
| Thu, 30 Sep 2021 | €3.2b | €5.7b | €334.9m | 12x | 9.6x | 0.6x |
| Sat, 28 Aug 2021 | €3.4b | €5.3b | €248.9m | 15.4x | 13.9x | 0.7x |
| Sun, 04 Jul 2021 | €3.5b | €5.3b | €248.9m | 13.5x | 14x | 0.7x |
| Wed, 07 Apr 2021 | €3.3b | €5.2b | €228.5m | 13.4x | 14.5x | 0.6x |
| Sat, 09 Jan 2021 | €2.9b | €5.0b | €141.1m | 14.1x | 20.5x | 0.6x |
Price to Earnings Ratio
15.3x
Current Industry PE
- Investors are relatively neutral on the Greek Materials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 9.8x.
- The industry is trading close to its 3-year average PS ratio of 0.47x.
Past Earnings Growth
- The earnings for companies in the Materials industry have grown 25% 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.
Industry Trends
Which industries have driven the changes within the Greek Materials sector?
| GR Market | 1.23% | |
| Materials | 2.67% | |
| Chemicals | 3.66% | |
| Metals and Mining | 3.23% | |
| Basic Materials | 2.15% | |
| Packaging | 0.25% | |
| Paper and Forestry Products | 0% | |
Industry PE
- Investors are most optimistic about the Metals and Mining industry which is trading above its 3-year average PE ratio of 8.3x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Paper and Forestry Products industry, which is trading close to its 3-year average of 0.56x.
Forecasted Growth
- Analysts are most optimistic on the Chemicals industry, expecting annual earnings growth of 19% over the next 5 years.
- This is better than its past earnings decline of 24% per year.
- In contrast, the Basic Materials industry is expected to see its earnings grow by 2.4% 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 | |
|---|---|---|---|---|---|
| TITC Titan Cement International | €19.82 | 3.3% +€42.9m | 62.5% | PE6.8x | |
| ELHA Elvalhalcor Hellenic Copper and Aluminium Industry | €1.89 | 5.0% +€33.8m | 18.1% | PE23.7x | |
| PLAKR Plastika Kritis | €15.70 | 3.3% +€13.7m | -6.0% | PE10.7x | |
| BIOKA Biokarpet | €2.83 | 11.4% +€7.0m | 72.6% | PE16.2x | |
| MERKO Mermeren Kombinat AD | €46.00 | 2.7% +€5.6m | 12.2% | PE16.2x |
