Returns on Capital Paint A Bright Future For Jumbo (ATH:BELA)
Nov 27
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Greek (ASE) Market Analysis & Valuation
UpdatedNov 27, 2024
DataAggregated Company Financials
Companies136
- 7D2.7%
- 3M-1.7%
- 1Y7.9%
- YTD4.0%
The market is up 2.7% in the last 7 days, led by the Industrials and all sectors gaining ground. In the last year, the market has climbed 7.9%. Looking forward, earnings are forecast to grow by 5.9% 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 |
|---|---|---|---|---|---|---|
| Wed, 27 Nov 2024 | €80.0b | €86.9b | €9.6b | 11.1x | 8.3x | 0.9x |
| Fri, 25 Oct 2024 | €79.7b | €86.4b | €10.4b | 11.6x | 7.7x | 0.9x |
| Sun, 22 Sep 2024 | €81.7b | €85.8b | €10.3b | 11.6x | 7.9x | 1x |
| Tue, 20 Aug 2024 | €82.3b | €84.2b | €10.2b | 11.6x | 8.1x | 1x |
| Thu, 18 Jul 2024 | €83.4b | €83.4b | €10.0b | 11.5x | 8.4x | 1x |
| Sat, 15 Jun 2024 | €81.4b | €84.3b | €10.0b | 11.7x | 8.2x | 1x |
| Mon, 13 May 2024 | €85.7b | €84.6b | €9.9b | 12.3x | 8.7x | 1x |
| Wed, 10 Apr 2024 | €82.9b | €84.9b | €9.4b | 12.5x | 8.8x | 1x |
| Fri, 08 Mar 2024 | €82.8b | €84.7b | €9.5b | 12.5x | 8.7x | 1x |
| Sun, 04 Feb 2024 | €78.7b | €85.9b | €9.2b | 12.2x | 8.5x | 0.9x |
| Tue, 02 Jan 2024 | €73.7b | €87.1b | €9.2b | 12.2x | 8x | 0.8x |
| Thu, 30 Nov 2023 | €72.8b | €87.1b | €9.1b | 12.2x | 8x | 0.8x |
| Sat, 28 Oct 2023 | €67.8b | €90.7b | €8.2b | 11.8x | 8.3x | 0.7x |
| Mon, 25 Sep 2023 | €69.3b | €91.6b | €7.9b | 13x | 8.8x | 0.8x |
| Wed, 23 Aug 2023 | €73.8b | €94.4b | €8.8b | 12.9x | 8.3x | 0.8x |
| Fri, 21 Jul 2023 | €75.5b | €94.9b | €8.8b | 13.3x | 8.6x | 0.8x |
| Sun, 18 Jun 2023 | €72.0b | €94.8b | €8.8b | 13x | 8.2x | 0.8x |
| Tue, 16 May 2023 | €63.4b | €92.3b | €8.5b | 11.7x | 7.4x | 0.7x |
| Thu, 13 Apr 2023 | €62.8b | €90.4b | €8.8b | 12.2x | 7.1x | 0.7x |
| Sat, 11 Mar 2023 | €61.1b | €87.6b | €7.7b | 12.1x | 7.9x | 0.7x |
| Mon, 06 Feb 2023 | €60.4b | €93.0b | €10.8b | 11.3x | 5.6x | 0.6x |
| Wed, 04 Jan 2023 | €55.7b | €90.5b | €10.5b | 11x | 5.3x | 0.6x |
| Fri, 02 Dec 2022 | €53.7b | €89.4b | €10.4b | 10.3x | 5.2x | 0.6x |
| Sun, 30 Oct 2022 | €51.6b | €78.5b | €9.0b | 10.9x | 5.7x | 0.7x |
| Tue, 27 Sep 2022 | €47.6b | €75.8b | €9.2b | 10.2x | 5.2x | 0.6x |
| Thu, 25 Aug 2022 | €53.2b | €69.6b | €8.1b | 11.2x | 6.6x | 0.8x |
| Sat, 23 Jul 2022 | €48.0b | €67.5b | €5.4b | 11.2x | 8.9x | 0.7x |
| Mon, 20 Jun 2022 | €47.7b | €67.7b | €5.4b | 10.9x | 8.8x | 0.7x |
| Wed, 18 May 2022 | €50.0b | €64.3b | €5.5b | 12.2x | 9.1x | 0.8x |
| Fri, 15 Apr 2022 | €53.5b | €61.7b | €3.9b | 12.4x | 13.9x | 0.9x |
| Sun, 13 Mar 2022 | €46.8b | €56.1b | €6.3b | 14x | 7.4x | 0.8x |
| Tue, 08 Feb 2022 | €50.6b | €52.0b | €3.5b | 14.7x | 14.5x | 1x |
| Thu, 06 Jan 2022 | €49.0b | €51.3b | €3.5b | 14.8x | 14.2x | 1x |
| Sat, 04 Dec 2021 | €47.6b | €51.2b | €3.6b | 14.6x | 13.4x | 0.9x |
Price to Earnings Ratio
13.4x
Current Market PE
- Investors are relatively neutral on the Greek market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 8.5x.
Past Earnings Growth
- The earnings for Greek listed companies have grown 39% per year over the last three years.
- Revenues for these companies have grown 19% 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 | 2.71% | |
| Materials | 8.69% | |
| Industrials | 4.43% | |
| Consumer Discretionary | 4.43% | |
| Tech | 3.69% | |
| Telecom | 2.60% | |
| Consumer Staples | 1.75% | |
| Energy | 1.54% | |
| Financials | 1.17% | |
| Real Estate | 0.75% | |
| Utilities | 0.65% | |
| Healthcare | 0.65% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
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 23.1%, which is lower than the prior year's growth of 44.1% per year.
- The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 4.7x.
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 Tech sector is expected to see its earnings decline by 6.8% 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 | |
|---|---|---|---|---|---|---|
| OPAP Organization of Football Prognostics | €15.78 | 6.3% +€333.5m | 7.4% | PE12.5x | Consumer Discretionary | |
| TITC Titan Cement International | €38.40 | 12.8% +€323.5m | 98.6% | PE9.7x | Materials | |
| EUROB Eurobank Ergasias Services and Holdings | €2.06 | 4.1% +€297.6m | 23.3% | PB0.9x | Financials | |
| HTO Hellenic Telecommunications Organization | €14.98 | 2.6% +€148.6m | 15.0% | PE11.1x | Telecom | |
| AIA Athens International Airport | €8.15 | 5.5% +€127.2m | n/a | PE10.3x | Industrials |
