Icelandic (OMX) Market Analysis & Valuation
UpdatedMay 23, 2022
DataAggregated Company Financials
Companies26
- 7D-3.7%
- 3M-11.1%
- 1Y-0.5%
- YTD-12.6%
Over the last 7 days, the market has dropped 3.7%, driven by pullbacks in every sector, especially the Industrials sector. In the last 12 months the market has been flat overall. Looking forward, earnings are forecast to grow by 13% annually.
Market Valuation and Performance
Has the Icelandic Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Mon, 23 May 2022 | Kr2.2t | Kr1.1t | Kr125.6b | 12x |
| Wed, 20 Apr 2022 | Kr2.5t | Kr1.1t | Kr128.8b | 13.4x |
| Fri, 18 Mar 2022 | Kr2.4t | Kr1.1t | Kr133.2b | 13.3x |
| Sun, 13 Feb 2022 | Kr2.5t | Kr1.1t | Kr121.2b | 17.3x |
| Tue, 11 Jan 2022 | Kr2.5t | Kr1.1t | Kr116.3b | 18.7x |
| Thu, 09 Dec 2021 | Kr2.5t | Kr1.1t | Kr116.8b | 19.8x |
| Sat, 06 Nov 2021 | Kr2.5t | Kr1.1t | Kr108.7b | 20.2x |
| Mon, 04 Oct 2021 | Kr2.4t | Kr1.0t | Kr100.1b | 23.1x |
| Wed, 01 Sep 2021 | Kr2.4t | Kr998.0b | Kr96.0b | 20.5x |
| Thu, 08 Jul 2021 | Kr2.1t | Kr997.9b | Kr96.0b | 18.4x |
| Wed, 31 Mar 2021 | Kr1.6t | Kr925.0b | Kr63.2b | 20.3x |
| Sat, 02 Jan 2021 | Kr1.5t | Kr936.5b | Kr15.3b | 23.7x |
| Tue, 06 Oct 2020 | Kr1.2t | Kr992.0b | Kr5.4b | 22.8x |
| Fri, 10 Jul 2020 | Kr1.2t | Kr1.0t | Kr7.1b | 16.9x |
| Thu, 02 Apr 2020 | Kr1.0t | Kr1.1t | Kr18.9b | 13.8x |
| Sun, 05 Jan 2020 | Kr1.2t | Kr1.0t | Kr58.4b | 15x |
| Wed, 09 Oct 2019 | Kr1.1t | Kr1.0t | Kr58.2b | 11.2x |
| Tue, 02 Jul 2019 | Kr1.1t | Kr1.0t | Kr55.0b | 11.9x |
Median PE Ratio
16.2x
Current Market PE
- Investors are pessimistic on the market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 12.0x which is lower than its 3-year average PE of 17.9x.
- This is at odds with analyst estimates, who expect earnings to grow in the future.
Past Earnings Growth
- The earnings for Icelandic listed companies have grown 40% per year over the last three years.
- Revenues for these companies have grown 6.2% 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 Icelandic Market?
| IS Market | -3.71% | |
| Energy | 0% | |
| Materials | 0% | |
| Healthcare | 0% | |
| Utilities | 0% | |
| Telecom | -2.44% | |
| Consumer Staples | -2.71% | |
| Financials | -3.09% | |
| Consumer Discretionary | -4.06% | |
| Real Estate | -4.10% | |
| Tech | -4.13% | |
| Industrials | -4.92% | |
Sector PE
- Investors are most optimistic about the Tech sector which is trading above its 3-year average PE ratio of 38.0x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Financials sector, which is trading below its 3-year average of 9.7x.
Forecasted Growth
- Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 31% over the next 5 years.
- This is better than its past earnings growth rate of 13% per year.
- In contrast, the Financials sector is expected to see its earnings decline by 3.9% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?