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Icelandic (OMX) Market Analysis & Valuation

UpdatedJun 06, 2023
DataAggregated Company Financials
Companies28
  • 7D-0.9%
  • 3M-9.6%
  • 1Y-11.8%
  • YTD-6.8%

In the last week, the market has been flat, with a notable exception in the Consumer Staples sector dropping 3.1%. The past year hasn't been profitable, with the market dropping 12%. Earnings are forecast to grow by 15% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 06 Jun 2023Kr1.9tKr1.5tKr146.4b14.4x13.3x1.3x
Thu, 04 May 2023Kr2.2tKr1.5tKr148.0b15.2x14.7x1.5x
Sat, 01 Apr 2023Kr2.1tKr1.5tKr148.0b15.6x14.5x1.5x
Mon, 27 Feb 2023Kr2.2tKr1.5tKr149.7b15.5x14.8x1.5x
Wed, 25 Jan 2023Kr2.2tKr1.5tKr144.1b11.3x14.9x1.5x
Fri, 23 Dec 2022Kr2.1tKr1.4tKr143.1b11.8x15x1.5x
Sun, 20 Nov 2022Kr2.2tKr1.4tKr144.7b12.2x15.3x1.6x
Tue, 18 Oct 2022Kr2.1tKr1.3tKr146.6b10.9x14.1x1.6x
Thu, 15 Sep 2022Kr2.3tKr1.3tKr133.5b12.3x17.4x1.8x
Sat, 13 Aug 2022Kr2.4tKr1.2tKr128.4b13.8x18.4x1.9x
Mon, 11 Jul 2022Kr2.3tKr1.2tKr129.5b13.7x17.9x2x
Wed, 08 Jun 2022Kr2.2tKr1.1tKr124.8b11.8x17.4x1.9x
Fri, 06 May 2022Kr2.3tKr1.1tKr125.4b13.1x18.7x2.1x
Sun, 03 Apr 2022Kr2.5tKr1.1tKr131.1b13.4x18.9x2.2x
Tue, 01 Mar 2022Kr2.4tKr1.1tKr132.7b12.8x17.8x2.1x
Thu, 27 Jan 2022Kr2.4tKr1.1tKr116.5b18.5x20.8x2.2x
Sat, 25 Dec 2021Kr2.5tKr1.1tKr116.7b19.8x21.2x2.3x
Mon, 22 Nov 2021Kr2.5tKr1.1tKr115.8b20.5x21.4x2.3x
Wed, 20 Oct 2021Kr2.5tKr1.0tKr100.1b22.3x24.5x2.4x
Fri, 17 Sep 2021Kr2.3tKr1.0tKr95.9b22x24.3x2.3x
Sun, 15 Aug 2021Kr2.1tKr953.4bKr80.5b21.6x26.1x2.2x
Thu, 10 Jun 2021Kr1.9tKr925.0bKr63.2b24.9x29.8x2x
Wed, 03 Mar 2021Kr1.7tKr938.5bKr15.4b26.6x107.9x1.8x
Sat, 05 Dec 2020Kr1.3tKr993.6bKr5.2b25.2x256.9x1.3x
Tue, 08 Sep 2020Kr1.2tKr1.0tKr7.3b17.6x159.4x1.1x
Price to Earnings Ratio

163.9x


Total Market Cap: Kr1.2tTotal Earnings: Kr7.1bTotal Revenue: Kr1.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Icelandic Market Price to Earnings3Y Average 57.3x202120222023
Current Market PE
  • Investors are pessimistic on the Icelandic market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 13.3x which is lower than its 3-year average PE of 57.3x.
Past Earnings Growth
  • The earnings for Icelandic listed companies have grown 175% per year over the last three years.
  • Revenues for these companies have grown 14% 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-0.91%
Industrials2.04%
Energy0%
Materials0%
Healthcare0%
Utilities0%
Consumer Discretionary-0.81%
Financials-1.15%
Telecom-2.45%
Tech-2.75%
Real Estate-3.03%
Consumer Staples-3.07%
Sector PE
  • Investors favour the Industrials sector the most for future growth even though it's trading below its 3-year average PE ratio of 64.4x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 29.9% which is higher than its past year's earnings decline of 16.6% per year.
  • The Tech sector is the least preferred by investors for future growth, which is trading below its 3-year average of 37.4x.
Forecasted Growth
  • Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 30% over the next 5 years.
  • This is better than its past earnings decline of 17% per year.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
MAREL Marel hfKr445.002.3%
+Kr7.5b		-27.3%PE48.7xIndustrials
HAMP Hampidjan HfKr135.005.5%
+Kr3.8b		20.5%PE38.7xIndustrials
ICEAIR Icelandair Group hfKr1.852.8%
+Kr2.1b		19.0%PS0.4xIndustrials
PLAY Fly Play hfKr9.752.6%
+Kr215.2m		-45.7%PS0.4xIndustrials
FESTI Festi hfKr170.500.3%
+Kr152.3m		-18.8%PE14.8xConsumer Discretionary
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MAREL

Kr445.00

Marel hf

7D

2.3%

1Y

-27.3%

Marel hf (ICE:MAREL) Takes On Some Risk With Its Use Of Debt

May 30
Marel hf (ICE:MAREL) Takes On Some Risk With Its Use Of Debt

SVN

Kr111.00

Sildarvinnslan Hf

7D

-2.2%

1Y

16.2%

HAGA

Kr63.00

Hagar hf

7D

-4.5%

1Y

-7.4%

HAMP

Kr135.00

Hampidjan Hf

7D

5.5%

1Y

20.5%

The Returns At Hampidjan Hf (ICE:HAMP) Aren't Growing

May 26
The Returns At Hampidjan Hf (ICE:HAMP) Aren't Growing

EIM

Kr522.00

Eimskipafélag Íslands hf

7D

-2.2%

1Y

4.6%

KVIKA

Kr17.20

Kvika banki hf

7D

-2.5%

1Y

-12.0%

FESTI

Kr170.50

Festi hf

7D

0.3%

1Y

-18.8%

Is Festi hf (ICE:FESTI) A Risky Investment?

May 09
Is Festi hf (ICE:FESTI) A Risky Investment?

ARION

Kr128.50

Arion banki hf

7D

-1.2%

1Y

-19.7%

ICEAIR

Kr1.85

Icelandair Group hf

7D

2.8%

1Y

19.0%

Investors Could Be Concerned With Icelandair Group hf's (ICE:ICEAIR) Returns On Capital

May 05
Investors Could Be Concerned With Icelandair Group hf's (ICE:ICEAIR) Returns On Capital

PLAY

Kr9.75

Fly Play hf

7D

2.6%

1Y

-45.7%

EIK

Kr10.55

Eik fasteignafélag hf

7D

-4.1%

1Y

-22.4%

BRIM

Kr80.60

Brim hf

7D

-4.3%

1Y

-13.3%

REITIR

Kr76.50

Reitir fasteignafélag hf

7D

-2.5%

1Y

-18.6%