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Irish (ISEQ) Market Analysis & Valuation

UpdatedJun 18, 2024
DataAggregated Company Financials
Companies19
  • 7D-2.9%
  • 3M-5.2%
  • 1Y8.2%
  • YTD3.9%

Over the last 7 days, the market has dropped 2.9%, driven by pullbacks in every sector, especially the Industrials sector. In contrast to the last week, the market is actually up 8.2% over the past year. Earnings are forecast to grow by 5.1% annually.

Market Valuation and Performance

Has the Irish Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 18 Jun 2024€90.1b€61.5b€8.1b14.2x11.1x1.5x
Thu, 16 May 2024€96.4b€61.2b€8.2b14.9x11.7x1.6x
Sat, 13 Apr 2024€96.2b€61.3b€8.2b14.1x11.7x1.6x
Mon, 11 Mar 2024€94.4b€61.1b€8.3b13.4x11.4x1.5x
Wed, 07 Feb 2024€88.2b€62.1b€7.5b10.7x11.7x1.4x
Fri, 05 Jan 2024€87.6b€61.6b€7.7b11x11.4x1.4x
Sun, 03 Dec 2023€86.1b€61.7b€7.7b10.4x11.2x1.4x
Tue, 31 Oct 2023€77.5b€60.9b€7.3b9.7x10.7x1.3x
Thu, 28 Sep 2023€83.4b€60.9b€7.3b10.2x11.5x1.4x
Sat, 26 Aug 2023€86.8b€60.8b€7.3b10.3x11.8x1.4x
Mon, 24 Jul 2023€86.9b€59.3b€5.8b12.2x14.9x1.5x
Wed, 21 Jun 2023€83.8b€59.3b€5.8b12.5x14.3x1.4x
Fri, 19 May 2023€86.2b€58.6b€5.9b12.7x14.6x1.5x
Sun, 16 Apr 2023€83.9b€58.6b€5.9b12.3x14.3x1.4x
Tue, 14 Mar 2023€81.9b€58.6b€5.9b12.1x13.9x1.4x
Thu, 09 Feb 2023€83.7b€54.6b€6.0b13x13.9x1.5x
Sat, 07 Jan 2023€80.9b€53.7b€5.7b12.8x14.1x1.5x
Mon, 05 Dec 2022€75.6b€53.7b€5.7b12.9x13.2x1.4x
Wed, 02 Nov 2022€72.6b€51.5b€4.9b14.3x14.8x1.4x
Fri, 30 Sep 2022€65.1b€51.5b€4.9b13x13.3x1.3x
Sun, 28 Aug 2022€54.6b€43.1b€4.0b17.2x13.8x1.3x
Tue, 26 Jul 2022€55.1b€36.8b€3.0b19.1x18.4x1.5x
Thu, 23 Jun 2022€55.0b€36.8b€3.0b17x18.4x1.5x
Sat, 21 May 2022€107.3b€73.6b€6.2b18.5x17.2x1.5x
Mon, 18 Apr 2022€111.4b€71.8b€6.0b20.9x18.6x1.6x
Wed, 16 Mar 2022€109.8b€71.5b€6.1b14.8x18.1x1.5x
Fri, 11 Feb 2022€129.8b€65.7b€3.4b27x37.9x2x
Sun, 09 Jan 2022€130.9b€63.8b€3.1b27.5x42x2.1x
Tue, 07 Dec 2021€145.4b€70.9b€3.0b23.1x47.7x2.1x
Thu, 04 Nov 2021€154.9b€70.3b€3.0b23.4x52.4x2.2x
Sat, 02 Oct 2021€151.9b€69.5b€2.5b24x60.6x2.2x
Mon, 30 Aug 2021€159.4b€68.8b€2.5b23.9x64.9x2.3x
Tue, 06 Jul 2021€146.8b€68.7b€2.4b22.9x60.1x2.1x
Price to Earnings Ratio

60.1x


Total Market Cap: €146.8bTotal Earnings: €2.4bTotal Revenue: €68.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Irish Market Price to Earnings3Y Average 22.6x202220232024
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 11.1x which is lower than its 3-year average PE of 22.6x.
Past Earnings Growth
  • The earnings for Irish listed companies have grown 49% per year over the last three years.
  • Meanwhile revenues for these companies have declined 3.6% 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-2.91%
Energy0%
Tech0%
Telecom0%
Utilities-0.58%
Materials-1.52%
Consumer Staples-1.84%
Financials-3.23%
Industrials-3.57%
Real Estate-4.67%
Consumer Discretionary-5.04%
Healthcare-5.07%
Sector PE
  • Investors favour the Healthcare sector the most for future growth even though it's trading below its 3-year average PE ratio of 23.4x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 8.6% which is higher than its past year's earnings decline of 1.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings decline of 49% per year.
  • In contrast, the Financials sector is expected to see its earnings decline by 5.6% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
MLC Malin€5.903.5%
+€3.8m
22.9%PB1xHealthcare
OIZ Origin Enterprises€3.101.1%
+€3.5m
-11.4%PE7.7xConsumer Staples
OVXA Ovoca Bio€0.015.3%
+€40.8k
-89.5%PB0.2xHealthcare
See more
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Market Insights

Last week, we looked at some of the reasons the healthcare sector has underperformed over the last few years...

Latest News

PTSB

€1.36

Permanent TSB Group Holdings

7D

-4.9%

1Y

-38.2%

BIRG

€9.88

Bank of Ireland Group

7D

0.5%

1Y

3.5%

SK3

€42.23

Smurfit Kappa Group

7D

-1.0%

1Y

28.4%

OIZ

€3.10

Origin Enterprises

7D

1.3%

1Y

-8.3%

KRZ

€75.10

Kerry Group

7D

-2.4%

1Y

-15.4%

KRX

€81.05

Kingspan Group

7D

-4.2%

1Y

40.2%

GRP

€0.86

Greencoat Renewables

7D

0.5%

1Y

-18.4%

A5G

€4.89

AIB Group

7D

-4.0%

1Y

22.9%

OVXA

€0.01

Ovoca Bio

7D

5.3%

1Y

-89.5%

MLC

€5.90

Malin

7D

3.5%

1Y

22.9%