Are Ryanair Holdings plc (ISE:RYA) Investors Paying Above The Intrinsic Value?
Apr 09
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Irish (ISEQ) Market Analysis & Valuation
UpdatedApr 13, 2025
DataAggregated Company Financials
Companies18
- 7D-0.5%
- 3M1.6%
- 1Y-3.6%
- YTD-0.6%
The Real Estate sector gained 5.6% while the market remained flat over the last week. As for last year, the market is down 3.6%. Earnings are forecast to grow by 6.7% annually.
Market Valuation and Performance
Has the Irish Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 13 Apr 2025 | €78.1b | €49.5b | €7.4b | 10.7x | 10.6x | 1.6x |
| Tue, 11 Mar 2025 | €90.1b | €49.4b | €7.4b | 13.3x | 12.2x | 1.8x |
| Thu, 06 Feb 2025 | €82.6b | €50.3b | €7.3b | 12.6x | 11.3x | 1.6x |
| Sat, 04 Jan 2025 | €78.6b | €50.1b | €7.2b | 12.4x | 10.9x | 1.6x |
| Mon, 02 Dec 2024 | €78.5b | €50.0b | €7.2b | 13.2x | 10.9x | 1.6x |
| Wed, 30 Oct 2024 | €80.0b | €49.8b | €7.3b | 13.3x | 11x | 1.6x |
| Fri, 27 Sep 2024 | €84.3b | €49.6b | €7.3b | 14.7x | 11.6x | 1.7x |
| Sun, 25 Aug 2024 | €79.5b | €49.6b | €7.3b | 13.9x | 10.9x | 1.6x |
| Tue, 23 Jul 2024 | €78.4b | €50.2b | €7.4b | 14.6x | 10.6x | 1.6x |
| Thu, 20 Jun 2024 | €91.6b | €61.5b | €8.1b | 14.5x | 11.3x | 1.5x |
| Sat, 18 May 2024 | €96.1b | €61.2b | €8.2b | 14.8x | 11.7x | 1.6x |
| Mon, 15 Apr 2024 | €96.2b | €61.3b | €8.2b | 14.1x | 11.7x | 1.6x |
| Wed, 13 Mar 2024 | €94.6b | €61.1b | €8.3b | 13.7x | 11.4x | 1.5x |
| Fri, 09 Feb 2024 | €90.4b | €61.1b | €7.4b | 11.7x | 12.2x | 1.5x |
| Sun, 07 Jan 2024 | €87.6b | €61.6b | €7.7b | 10.8x | 11.4x | 1.4x |
| Tue, 05 Dec 2023 | €86.1b | €61.7b | €7.7b | 10.5x | 11.2x | 1.4x |
| Thu, 02 Nov 2023 | €77.6b | €60.9b | €7.3b | 9.9x | 10.7x | 1.3x |
| Sat, 30 Sep 2023 | €84.1b | €60.9b | €7.3b | 10.3x | 11.6x | 1.4x |
| Mon, 28 Aug 2023 | €86.8b | €60.8b | €7.3b | 10.3x | 11.8x | 1.4x |
| Wed, 26 Jul 2023 | €86.8b | €59.3b | €5.8b | 12.2x | 14.8x | 1.5x |
| Fri, 23 Jun 2023 | €83.1b | €59.3b | €5.8b | 12.4x | 14.2x | 1.4x |
| Sun, 21 May 2023 | €85.6b | €58.6b | €5.9b | 12.4x | 14.5x | 1.5x |
| Tue, 18 Apr 2023 | €84.3b | €58.6b | €5.9b | 12.2x | 14.3x | 1.4x |
| Thu, 16 Mar 2023 | €80.9b | €58.6b | €5.9b | 11.7x | 13.7x | 1.4x |
| Sat, 11 Feb 2023 | €82.3b | €55.6b | €6.0b | 12.7x | 13.6x | 1.5x |
| Mon, 09 Jan 2023 | €80.9b | €53.7b | €5.7b | 12.8x | 14.1x | 1.5x |
| Wed, 07 Dec 2022 | €74.9b | €53.7b | €5.7b | 12.6x | 13x | 1.4x |
| Fri, 04 Nov 2022 | €72.0b | €51.5b | €4.9b | 14.2x | 14.7x | 1.4x |
| Sun, 02 Oct 2022 | €66.8b | €51.5b | €4.9b | 13.3x | 13.6x | 1.3x |
| Tue, 30 Aug 2022 | €54.3b | €43.1b | €4.0b | 17x | 13.7x | 1.3x |
| Thu, 28 Jul 2022 | €55.0b | €39.1b | €3.5b | 19x | 15.9x | 1.4x |
| Sat, 25 Jun 2022 | €55.4b | €36.8b | €3.0b | 17.4x | 18.5x | 1.5x |
| Mon, 23 May 2022 | €107.3b | €73.6b | €6.2b | 18.5x | 17.2x | 1.5x |
| Wed, 20 Apr 2022 | €110.7b | €71.9b | €6.0b | 20.4x | 18.5x | 1.5x |
Price to Earnings Ratio
18.5x
Current Market PE
- Investors are pessimistic on the Irish market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 10.6x which is lower than its 3-year average PE of 13.0x.
Past Earnings Growth
- The earnings for Irish listed companies have grown 7.3% per year over the last three years.
- Meanwhile revenues for these companies have declined 12% per year.
- This means that less sales are being generated overall, but since the cost of doing business is lower, profits are increasing.
Sector Trends
Which sectors have driven the changes within the Irish Market?
| IE Market | -0.49% | |
| Real Estate | 5.60% | |
| Industrials | 2.90% | |
| Energy | 0% | 0 |
| Materials | 0% | 0 |
| Tech | 0% | 0 |
| Financials | -0.11% | |
| Consumer Discretionary | -2.99% | |
| Healthcare | -3.35% | |
| Utilities | -3.70% | |
| Consumer Staples | -6.33% | |
Sector PE
- Investors favour the Consumer Staples sector the most for future growth, which is trading close to its 3-year average PE ratio of 19.4x.
- Analysts expect its future annual earnings growth (11.4%) to be largely in line with prior year's earnings growth.
- The market's confidence could indicate that the market believes that analysts are underestimating future growth.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 84% over the next 5 years.
- In contrast, the Financials sector is expected to see its earnings decline by 4.7% 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 | |
|---|---|---|---|---|---|---|
| RYA Ryanair Holdings | €18.77 | 4.5% +€858.5m | -7.5% | PE12x | Industrials | |
| A5G AIB Group | €5.37 | 0.6% +€69.9m | 12.0% | PB0.8x | Financials | |
| KRX Kingspan Group | €70.90 | 0.5% +€63.7m | -14.5% | PE19.4x | Industrials | |
| IRES Irish Residential Properties REIT | €0.98 | 5.6% +€27.5m | -2.0% | PB0.8x | Real Estate |
