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Icelandic (OMX) Market Analysis & Valuation

UpdatedJul 26, 2024
DataAggregated Company Financials
Companies27
  • 7D-1.1%
  • 3M-1.3%
  • 1Y-9.1%
  • YTD-7.4%

Over the last 7 days, the market has dropped 1.1%, driven by a loss of 1.5% in the Financials sector. In the last 12 months the market is down 9.1%. As for the next few years, earnings are expected to grow by 21% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Jul 2024ISK 2.0tISK 1.5tISK 127.0b14.8x15.4x1.3x
Sun, 23 Jun 2024ISK 2.0tISK 1.5tISK 127.7b16.5x15.3x1.3x
Tue, 21 May 2024ISK 2.0tISK 1.5tISK 131.6b15.5x15x1.3x
Thu, 18 Apr 2024ISK 2.0tISK 1.5tISK 130.8b16.2x15.4x1.3x
Sat, 16 Mar 2024ISK 2.0tISK 1.5tISK 130.5b16.4x15.7x1.3x
Mon, 12 Feb 2024ISK 2.2tISK 1.5tISK 127.1b18x17.3x1.4x
Wed, 10 Jan 2024ISK 2.2tISK 1.5tISK 148.1b15.4x14.8x1.4x
Fri, 08 Dec 2023ISK 1.9tISK 1.5tISK 148.0b14.2x12.7x1.2x
Sun, 05 Nov 2023ISK 1.8tISK 1.5tISK 156.4b13.7x11.2x1.1x
Tue, 03 Oct 2023ISK 1.9tISK 1.5tISK 149.7b16x12.4x1.2x
Thu, 31 Aug 2023ISK 2.0tISK 1.5tISK 145.2b16.3x14.1x1.4x
Sat, 29 Jul 2023ISK 2.0tISK 1.5tISK 149.7b16x13.7x1.3x
Mon, 26 Jun 2023ISK 1.9tISK 1.5tISK 146.3b14.6x13.3x1.3x
Wed, 24 May 2023ISK 2.0tISK 1.5tISK 147.2b14.8x13.5x1.3x
Fri, 21 Apr 2023ISK 2.1tISK 1.5tISK 148.7b14.8x14.3x1.4x
Sun, 19 Mar 2023ISK 1.9tISK 1.4tISK 134.9b14.7x14.4x1.4x
Tue, 14 Feb 2023ISK 2.2tISK 1.5tISK 162.4b13.1x13.7x1.5x
Thu, 12 Jan 2023ISK 2.2tISK 1.4tISK 143.5b11.6x15.2x1.5x
Sat, 10 Dec 2022ISK 2.2tISK 1.4tISK 141.7b11.9x15.3x1.5x
Mon, 07 Nov 2022ISK 2.1tISK 1.4tISK 146.2b12.2x14.7x1.5x
Wed, 05 Oct 2022ISK 2.1tISK 1.3tISK 136.1b10.8x15.5x1.6x
Fri, 02 Sep 2022ISK 2.2tISK 1.3tISK 127.0b12.5x17.7x1.8x
Sun, 31 Jul 2022ISK 2.3tISK 1.2tISK 128.3b13.4x18.2x1.9x
Tue, 28 Jun 2022ISK 2.2tISK 1.2tISK 130.4b12.9x17.1x1.9x
Thu, 26 May 2022ISK 2.2tISK 1.1tISK 125.8b11.7x17.3x1.9x
Sat, 23 Apr 2022ISK 2.5tISK 1.1tISK 128.5b13.4x19.2x2.3x
Mon, 21 Mar 2022ISK 2.4tISK 1.1tISK 134.4b13.1x18x2.2x
Wed, 16 Feb 2022ISK 2.5tISK 1.1tISK 123.0b17.4x20.2x2.3x
Fri, 14 Jan 2022ISK 2.5tISK 1.1tISK 116.6b18.6x21.1x2.3x
Sun, 12 Dec 2021ISK 2.5tISK 1.1tISK 116.8b19.8x21.1x2.3x
Tue, 09 Nov 2021ISK 2.5tISK 1.1tISK 108.7b20.3x22.8x2.3x
Thu, 07 Oct 2021ISK 2.3tISK 1.0tISK 99.8b22.2x23.5x2.3x
Sat, 04 Sep 2021ISK 2.1tISK 953.4bISK 80.5b22.2x26.4x2.2x
Mon, 02 Aug 2021ISK 2.0tISK 953.4bISK 80.5b20.9x25.3x2.1x
Price to Earnings Ratio

25.3x


Total Market Cap: ISK 2.0tTotal Earnings: ISK 80.5bTotal Revenue: ISK 953.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Icelandic Market Price to Earnings3Y Average 16.6x202220232024
Current Market PE
  • Investors are relatively neutral on the Icelandic 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 16.6x.
Past Earnings Growth
  • The earnings for Icelandic listed companies have grown 16% per year over the last three years.
  • Revenues for these companies have grown 16% 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-1.15%
Energy0%
Materials0%
Healthcare0%
Tech0%
Utilities0%
Consumer Staples-0.57%
Industrials-0.88%
Financials-1.51%
Telecom-1.51%
Real Estate-1.86%
Consumer Discretionary-2.88%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 37.2x.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
  • The Real Estate sector is the least preferred by investors for future growth, which is trading below its 3-year average of 10.0x.
Forecasted Growth
  • Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 36% over the next 5 years.
  • This is better than its past earnings decline of 51% per year.
  • In contrast, the Financials sector is expected to see its earnings decline by 6.0% 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
KLAPP B Klappir Grænar Lausnir hfISK 18.0032.4%
+ISK 611.8m		50.0%PE285.9xTech
BRIM Brim hfISK 72.000.3%
+ISK 385.0m		-10.9%PE19.1xConsumer Staples
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Latest News

ISB

ISK 101.00

Íslandsbanki hf

7D

-1.0%

1Y

-14.4%

ARION

ISK 131.50

Arion banki hf

7D

-1.1%

1Y

-10.8%

MAREL

ISK 496.00

Marel hf

7D

-1.6%

1Y

13.2%

KLAPP B

ISK 18.00

Klappir Grænar Lausnir hf

7D

32.4%

1Y

50.0%

KVIKA

ISK 15.05

Kvika banki hf

7D

-1.6%

1Y

-11.5%

BRIM

ISK 72.00

Brim hf

7D

0.3%

1Y

-10.9%

REITIR

ISK 83.00

Reitir fasteignafélag hf

7D

-3.5%

1Y

-3.8%

OLGERD

ISK 16.80

Ölgerðin Egill Skallagrímsson hf

7D

-4.5%

1Y

29.7%

SKEL

ISK 14.80

Skel fjárfestingafélag hf

7D

-5.1%

1Y

5.7%

ISF

ISK 152.80

Ísfélag hf

7D

-1.4%

1Y

n/a