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Greek (ASE) Market Analysis & Valuation
UpdatedNov 17, 2024
DataAggregated Company Financials
Companies136
- 7D-2.4%
- 3M-2.8%
- 1Y8.6%
- YTD3.8%
Over the last 7 days, the market has dropped 2.4%, driven by a pullback of 7.6% in the Financials sector. In contrast, the Materials sector has actually gained 4.3%. As for the longer term, the market has actually risen by 8.6% in the last year. Earnings are forecast to grow by 4.1% 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 |
|---|---|---|---|---|---|---|
| Sun, 17 Nov 2024 | €80.1b | €87.8b | €10.6b | 11.6x | 7.6x | 0.9x |
| Tue, 15 Oct 2024 | €80.5b | €86.4b | €10.4b | 11.5x | 7.8x | 0.9x |
| Thu, 12 Sep 2024 | €81.1b | €85.6b | €10.4b | 11.3x | 7.8x | 0.9x |
| Sat, 10 Aug 2024 | €79.7b | €84.2b | €10.2b | 11.5x | 7.8x | 0.9x |
| Mon, 08 Jul 2024 | €83.0b | €83.3b | €10.0b | 11.5x | 8.3x | 1x |
| Wed, 05 Jun 2024 | €82.1b | €84.2b | €9.9b | 12.1x | 8.3x | 1x |
| Fri, 03 May 2024 | €84.3b | €84.4b | €9.8b | 12.2x | 8.6x | 1x |
| Sun, 31 Mar 2024 | €82.6b | €85.4b | €9.3b | 12.5x | 8.9x | 1x |
| Tue, 27 Feb 2024 | €82.0b | €85.4b | €9.6b | 12.3x | 8.6x | 1x |
| Thu, 25 Jan 2024 | €77.5b | €87.1b | €9.2b | 12.2x | 8.5x | 0.9x |
| Sat, 23 Dec 2023 | €73.6b | €87.1b | €9.2b | 12.4x | 8x | 0.8x |
| Mon, 20 Nov 2023 | €71.8b | €88.3b | €9.1b | 11.6x | 7.9x | 0.8x |
| Wed, 18 Oct 2023 | €67.6b | €90.7b | €8.2b | 11.5x | 8.3x | 0.7x |
| Fri, 15 Sep 2023 | €69.7b | €91.5b | €7.9b | 12.7x | 8.8x | 0.8x |
| Sun, 13 Aug 2023 | €72.9b | €94.4b | €8.8b | 12.9x | 8.2x | 0.8x |
| Tue, 11 Jul 2023 | €72.4b | €94.7b | €8.8b | 12.9x | 8.2x | 0.8x |
| Thu, 08 Jun 2023 | €70.5b | €95.1b | €8.8b | 12.5x | 8x | 0.7x |
| Sat, 06 May 2023 | €62.9b | €92.3b | €8.6b | 12x | 7.3x | 0.7x |
| Mon, 03 Apr 2023 | €60.9b | €90.2b | €8.7b | 11.6x | 7x | 0.7x |
| Wed, 01 Mar 2023 | €65.3b | €89.5b | €10.4b | 12.2x | 6.3x | 0.7x |
| Fri, 27 Jan 2023 | €58.6b | €90.5b | €10.5b | 11.3x | 5.6x | 0.6x |
| Sun, 25 Dec 2022 | €54.5b | €90.5b | €10.5b | 10.8x | 5.2x | 0.6x |
| Tue, 22 Nov 2022 | €52.9b | €84.7b | €10.3b | 10.7x | 5.1x | 0.6x |
| Thu, 20 Oct 2022 | €50.7b | €78.5b | €9.0b | 10.3x | 5.6x | 0.6x |
| Sat, 17 Sep 2022 | €50.3b | €75.4b | €9.2b | 10.8x | 5.5x | 0.7x |
| Mon, 15 Aug 2022 | €50.1b | €68.9b | €8.4b | 11.2x | 6x | 0.7x |
| Wed, 13 Jul 2022 | €46.2b | €67.6b | €5.4b | 11x | 8.5x | 0.7x |
| Fri, 10 Jun 2022 | €51.3b | €67.7b | €5.4b | 11.6x | 9.4x | 0.8x |
| Sun, 08 May 2022 | €50.6b | €63.0b | €4.3b | 12.4x | 11.7x | 0.8x |
| Tue, 05 Apr 2022 | €51.7b | €59.0b | €3.7b | 12.7x | 13.8x | 0.9x |
| Thu, 03 Mar 2022 | €48.0b | €53.6b | €3.7b | 14.5x | 13.1x | 0.9x |
| Sat, 29 Jan 2022 | €49.9b | €52.0b | €3.5b | 15.1x | 14.3x | 1x |
| Mon, 27 Dec 2021 | €48.0b | €51.3b | €3.5b | 14.3x | 13.9x | 0.9x |
| Wed, 24 Nov 2021 | €46.9b | €49.1b | €3.3b | 14.7x | 14.1x | 1x |
Price to Earnings Ratio
14.1x
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 8.5x.
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 | -2.43% | |
| Materials | 4.28% | |
| Healthcare | 3.00% | |
| Industrials | 0.67% | |
| Tech | 0.45% | |
| Real Estate | 0.033% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Telecom | -0.46% | |
| Energy | -0.52% | |
| Utilities | -0.61% | |
| Consumer Discretionary | -0.76% | |
| Consumer Staples | -1.30% | |
| Financials | -7.63% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth, which is trading close to its 3-year average PE ratio of 17.1x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 4.4x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 50% 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 | |
|---|---|---|---|---|---|---|
| TATT Attica Bank | €2.16 | -65.2% €448.6m | -99.8% | PB1.7x | Financials | |
| ALPHA Alpha Services and Holdings | €1.58 | 5.1% +€179.2m | 4.2% | PB0.5x | Financials | |
| TITC Titan Cement International | €35.05 | 6.5% +€159.9m | 83.3% | PE8.8x | Materials | |
| MYTIL Metlen Energy & Metals | €33.00 | 1.3% +€58.0m | -4.2% | PE7.2x | Industrials | |
| AIA Athens International Airport | €7.90 | 1.4% +€33.6m | n/a | PE10x | Industrials |
