Investors Holding Back On Hellenic Telecommunications Organization S.A. (ATH:HTO)
Nov 15
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Greek (ASE) Market Analysis & Valuation
UpdatedNov 15, 2024
DataAggregated Company Financials
Companies136
- 7D0.5%
- 3M-2.1%
- 1Y10.5%
- YTD4.5%
Over the last 7 days, the market has remained flat, although notably the Materials sector gained 4.8% in that time. More promisingly, the market is up 11% over the past year. As for the next few years, earnings are expected to grow by 4.0% 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 |
|---|---|---|---|---|---|---|
| Fri, 15 Nov 2024 | €79.9b | €87.8b | €10.6b | 11.6x | 7.6x | 0.9x |
| Sun, 13 Oct 2024 | €80.5b | €86.4b | €10.4b | 11.5x | 7.8x | 0.9x |
| Tue, 10 Sep 2024 | €82.4b | €85.6b | €10.3b | 11.5x | 8x | 1x |
| Thu, 08 Aug 2024 | €80.3b | €84.1b | €10.2b | 11.4x | 7.9x | 1x |
| Sat, 06 Jul 2024 | €83.0b | €83.3b | €10.0b | 11.5x | 8.3x | 1x |
| Mon, 03 Jun 2024 | €82.6b | €84.8b | €10.0b | 12.4x | 8.3x | 1x |
| Wed, 01 May 2024 | €84.2b | €84.2b | €9.7b | 12.1x | 8.7x | 1x |
| Fri, 29 Mar 2024 | €82.6b | €85.5b | €9.3b | 12.5x | 8.9x | 1x |
| Sun, 25 Feb 2024 | €82.0b | €85.4b | €9.6b | 12.3x | 8.6x | 1x |
| Tue, 23 Jan 2024 | €77.0b | €87.1b | €9.2b | 12.2x | 8.4x | 0.9x |
| Thu, 21 Dec 2023 | €74.1b | €87.1b | €9.2b | 12.3x | 8.1x | 0.9x |
| Sat, 18 Nov 2023 | €71.8b | €88.3b | €9.1b | 11.6x | 7.9x | 0.8x |
| Mon, 16 Oct 2023 | €67.3b | €90.7b | €8.2b | 11.6x | 8.2x | 0.7x |
| Wed, 13 Sep 2023 | €70.4b | €91.7b | €7.9b | 13x | 8.9x | 0.8x |
| Fri, 11 Aug 2023 | €74.3b | €94.6b | €8.9b | 12.9x | 8.4x | 0.8x |
| Sun, 09 Jul 2023 | €71.8b | €94.7b | €8.8b | 12.8x | 8.2x | 0.8x |
| Tue, 06 Jun 2023 | €68.6b | €95.1b | €8.8b | 12.3x | 7.8x | 0.7x |
| Thu, 04 May 2023 | €62.2b | €92.3b | €8.6b | 11.8x | 7.2x | 0.7x |
| Sat, 01 Apr 2023 | €60.9b | €90.2b | €8.7b | 11.6x | 7x | 0.7x |
| Mon, 27 Feb 2023 | €64.4b | €89.5b | €10.4b | 12.2x | 6.2x | 0.7x |
| Wed, 25 Jan 2023 | €58.1b | €90.5b | €10.5b | 11.3x | 5.5x | 0.6x |
| Fri, 23 Dec 2022 | €54.5b | €90.5b | €10.5b | 10.6x | 5.2x | 0.6x |
| Sun, 20 Nov 2022 | €52.7b | €84.7b | €10.3b | 10.7x | 5.1x | 0.6x |
| Tue, 18 Oct 2022 | €49.7b | €78.5b | €9.0b | 10.4x | 5.5x | 0.6x |
| Thu, 15 Sep 2022 | €50.3b | €75.3b | €9.2b | 10.9x | 5.5x | 0.7x |
| Sat, 13 Aug 2022 | €50.1b | €68.9b | €8.4b | 11.2x | 6x | 0.7x |
| Mon, 11 Jul 2022 | €46.7b | €67.7b | €5.4b | 11x | 8.6x | 0.7x |
| Wed, 08 Jun 2022 | €51.6b | €67.7b | €5.4b | 11.6x | 9.5x | 0.8x |
| Fri, 06 May 2022 | €51.6b | €63.0b | €4.3b | 12.7x | 12x | 0.8x |
| Sun, 03 Apr 2022 | €51.5b | €59.0b | €3.7b | 12.8x | 13.8x | 0.9x |
| Tue, 01 Mar 2022 | €49.5b | €53.6b | €3.7b | 14.6x | 13.5x | 0.9x |
| Thu, 27 Jan 2022 | €50.2b | €51.3b | €3.5b | 15x | 14.5x | 1x |
| Sat, 25 Dec 2021 | €48.0b | €51.3b | €3.5b | 14.3x | 13.9x | 0.9x |
| Mon, 22 Nov 2021 | €47.4b | €49.1b | €3.3b | 15x | 14.2x | 1x |
Price to Earnings Ratio
14.2x
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 7.6x which is lower than its 3-year average PE of 8.6x.
Past Earnings Growth
- The earnings for Greek listed companies have grown 47% per year over the last three years.
- Revenues for these companies have grown 21% 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 | 0.54% | |
| Materials | 4.77% | |
| Healthcare | 3.05% | |
| Industrials | 1.92% | |
| Utilities | 1.54% | |
| Consumer Staples | 0.65% | |
| Energy | 0.25% | |
| Financials | 0.19% | |
| Real Estate | 0.046% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Tech | -0.063% | |
| Consumer Discretionary | -0.61% | |
| Telecom | -2.57% | |
Sector PE
- Investors favour the Utilities sector the most for future growth which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 23.2%, which is lower than the prior year's growth of 44.1% per year.
- The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 4.5x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 49% over the next 5 years.
- This is better than its past earnings growth rate of 27% per year.
- In contrast, the Energy sector is expected to see its earnings decline by 28% 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 | |
|---|---|---|---|---|---|---|
| ALPHA Alpha Services and Holdings | €1.61 | 12.7% +€421.3m | 8.1% | PB0.5x | Financials | |
| TITC Titan Cement International | €35.20 | 6.7% +€163.6m | 82.8% | PE8.9x | Materials | |
| MYTIL Metlen Energy & Metals | €33.20 | 3.4% +€151.8m | -4.5% | PE7.2x | Industrials | |
| PPC Public Power | €12.35 | 2.5% +€105.9m | 21.1% | PE13.4x | Utilities | |
| PPA Piraeus Port Authority | €30.50 | 6.3% +€45.0m | 40.6% | PE10.7x | Industrials |
