Returns At Karelia Tobacco (ATH:KARE) Appear To Be Weighed Down
Oct 02
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Greek (ASE) Market Analysis & Valuation
UpdatedOct 02, 2024
DataAggregated Company Financials
Companies135
- 7D-0.6%
- 3M0.8%
- 1Y20.0%
- YTD6.8%
In the last week, the market has stayed flat, however the Materials sector stood out, gaining 3.2%. Meanwhile, the market is actually up 20% over the past year. Earnings are forecast to grow by 3.5% annually.
Market Valuation and Performance
Has the Greek Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 03 Oct 2024 | €82.5b | €86.4b | €10.4b | 11.8x | 8x | 1x |
| Sat, 31 Aug 2024 | €81.2b | €85.0b | €10.3b | 11.5x | 7.9x | 1x |
| Mon, 29 Jul 2024 | €83.9b | €83.4b | €10.0b | 11.7x | 8.4x | 1x |
| Wed, 26 Jun 2024 | €81.7b | €95.3b | €11.3b | 11.9x | 7.2x | 0.9x |
| Fri, 24 May 2024 | €84.4b | €84.0b | €9.9b | 12.6x | 8.5x | 1x |
| Sun, 21 Apr 2024 | €81.4b | €84.5b | €9.5b | 11.7x | 8.6x | 1x |
| Tue, 19 Mar 2024 | €82.8b | €85.4b | €9.3b | 12.6x | 8.9x | 1x |
| Thu, 15 Feb 2024 | €82.0b | €85.2b | €9.4b | 12.1x | 8.7x | 1x |
| Sat, 13 Jan 2024 | €76.8b | €87.1b | €9.2b | 12.2x | 8.4x | 0.9x |
| Mon, 11 Dec 2023 | €72.6b | €87.1b | €9.1b | 12.6x | 7.9x | 0.8x |
| Wed, 08 Nov 2023 | €70.3b | €90.4b | €8.6b | 11.8x | 8.2x | 0.8x |
| Fri, 06 Oct 2023 | €67.0b | €90.6b | €8.1b | 11.6x | 8.3x | 0.7x |
| Sun, 03 Sep 2023 | €73.6b | €91.4b | €7.9b | 13.5x | 9.3x | 0.8x |
| Tue, 01 Aug 2023 | €75.2b | €95.4b | €8.9b | 13.1x | 8.4x | 0.8x |
| Thu, 29 Jun 2023 | €69.5b | €94.7b | €8.8b | 12.6x | 7.9x | 0.7x |
| Sat, 27 May 2023 | €68.6b | €93.0b | €8.4b | 11.8x | 8.2x | 0.7x |
| Mon, 24 Apr 2023 | €63.4b | €90.5b | €8.7b | 12x | 7.3x | 0.7x |
| Wed, 22 Mar 2023 | €60.7b | €89.1b | €8.8b | 11.6x | 6.9x | 0.7x |
| Fri, 17 Feb 2023 | €63.6b | €93.0b | €10.8b | 12.2x | 5.9x | 0.7x |
| Sun, 15 Jan 2023 | €57.0b | €90.5b | €10.5b | 11.3x | 5.4x | 0.6x |
| Tue, 13 Dec 2022 | €53.8b | €91.0b | €10.5b | 10.6x | 5.1x | 0.6x |
| Thu, 10 Nov 2022 | €53.4b | €79.0b | €9.3b | 10.8x | 5.8x | 0.7x |
| Sat, 08 Oct 2022 | €48.9b | €78.6b | €9.0b | 10.4x | 5.4x | 0.6x |
| Mon, 05 Sep 2022 | €50.7b | €73.7b | €9.0b | 11.1x | 5.6x | 0.7x |
| Wed, 03 Aug 2022 | €49.7b | €70.0b | €6.3b | 11x | 7.9x | 0.7x |
| Fri, 01 Jul 2022 | €47.1b | €67.7b | €5.4b | 11.2x | 8.7x | 0.7x |
| Sun, 29 May 2022 | €51.4b | €66.5b | €5.6b | 12x | 9.2x | 0.8x |
| Tue, 26 Apr 2022 | €54.8b | €62.1b | €4.1b | 14x | 13.3x | 0.9x |
| Thu, 24 Mar 2022 | €49.5b | €58.7b | €3.8b | 12.7x | 13.1x | 0.8x |
| Sat, 19 Feb 2022 | €51.6b | €52.0b | €3.5b | 15.5x | 14.8x | 1x |
| Mon, 17 Jan 2022 | €50.9b | €51.3b | €3.5b | 15.4x | 14.7x | 1x |
| Wed, 15 Dec 2021 | €47.8b | €51.3b | €3.5b | 14.4x | 13.8x | 0.9x |
| Fri, 12 Nov 2021 | €47.7b | €48.1b | €3.1b | 15.3x | 15.5x | 1x |
| Sun, 10 Oct 2021 | €46.7b | €48.1b | €3.1b | 15.1x | 15.2x | 1x |
Price to Earnings Ratio
15.2x
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 8.0x which is lower than its 3-year average PE of 8.9x.
Past Earnings Growth
- The earnings for Greek listed companies have grown 50% per year over the last three years.
- Revenues for these companies have grown 22% 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 | -0.63% | |
| Materials | 3.25% | |
| Consumer Staples | 2.76% | |
| Telecom | 1.24% | |
| Energy | 1.10% | |
| Consumer Discretionary | 0.90% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Utilities | -0.93% | |
| Tech | -0.99% | |
| Healthcare | -1.09% | |
| Industrials | -1.23% | |
| Financials | -2.09% | |
| Real Estate | -3.72% | |
Sector PE
- Investors favour the Real Estate sector the most for future growth, which is trading above its 3-year average PE ratio of 20.0x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 53.9%, which is higher than its past year's earnings growth of 6.0% per year.
- The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 4.8x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 54% over the next 5 years.
- This is better than its past earnings growth rate of 6.0% per year.
- In contrast, the Energy sector is expected to see its earnings decline by 37% 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 | |
|---|---|---|---|---|---|---|
| BELA Jumbo | €26.20 | 3.6% +€122.5m | 5.7% | PE11.2x | Consumer Discretionary | |
| GEKTERNA Gek Terna | €17.70 | 0.7% +€117.3m | 37.6% | PE13x | Industrials | |
| TITC Titan Cement International | €35.40 | 4.0% +€100.6m | 111.0% | PE8.6x | Materials | |
| KARE Karelia Tobacco | €342.00 | 5.6% +€49.7m | 1.2% | PE9.1x | Consumer Staples | |
| AEGN Aegean Airlines | €10.97 | 3.5% +€33.2m | 2.3% | PE6.4x | Industrials |
