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Icelandic (OMX) Market Analysis & Valuation

UpdatedNov 26, 2024
DataAggregated Company Financials
Companies28
  • 7D-0.4%
  • 3M11.7%
  • 1Y18.5%
  • YTD7.0%

In the last week, the market has been flat. More promisingly, the market is up 18% over the past year. Earnings are forecast to grow by 26% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 26 Nov 2024ISK 2.3tISK 1.5tISK 110.0b16.8x20.6x1.5x
Thu, 24 Oct 2024ISK 2.2tISK 1.5tISK 100.4b20.1x21.8x1.4x
Sat, 21 Sep 2024ISK 2.0tISK 1.5tISK 104.3b16.2x19.3x1.3x
Mon, 19 Aug 2024ISK 2.0tISK 1.5tISK 113.8b16.2x17.9x1.3x
Wed, 17 Jul 2024ISK 2.0tISK 1.5tISK 129.2b15.9x15.1x1.3x
Fri, 14 Jun 2024ISK 1.9tISK 1.5tISK 127.6b16x15.2x1.3x
Sun, 12 May 2024ISK 1.9tISK 1.5tISK 131.6b15.4x14.8x1.3x
Tue, 09 Apr 2024ISK 2.0tISK 1.5tISK 130.6b16.1x15.6x1.3x
Thu, 07 Mar 2024ISK 2.1tISK 1.5tISK 130.2b16.3x16x1.4x
Sat, 03 Feb 2024ISK 2.2tISK 1.5tISK 141.6b17x15.4x1.4x
Mon, 01 Jan 2024ISK 2.1tISK 1.5tISK 148.0b15.1x14.4x1.4x
Wed, 29 Nov 2023ISK 1.8tISK 1.5tISK 148.4b13.1x12.2x1.2x
Fri, 27 Oct 2023ISK 1.8tISK 1.5tISK 153.4b13.8x11.4x1.2x
Sun, 24 Sep 2023ISK 1.9tISK 1.5tISK 149.2b15.9x12.6x1.3x
Tue, 22 Aug 2023ISK 2.1tISK 1.5tISK 147.9b16.5x14x1.4x
Thu, 20 Jul 2023ISK 2.0tISK 1.5tISK 144.0b15.2x14.2x1.4x
Sat, 17 Jun 2023ISK 2.0tISK 1.5tISK 146.3b14.7x13.4x1.3x
Mon, 15 May 2023ISK 2.0tISK 1.5tISK 146.7b14.7x13.7x1.3x
Wed, 12 Apr 2023ISK 2.1tISK 1.5tISK 148.3b15.2x14.4x1.5x
Fri, 10 Mar 2023ISK 2.2tISK 1.5tISK 149.6b15x14.4x1.5x
Sun, 05 Feb 2023ISK 2.2tISK 1.5tISK 146.3b11.4x14.9x1.5x
Tue, 03 Jan 2023ISK 2.1tISK 1.4tISK 142.7b11.8x14.9x1.5x
Thu, 01 Dec 2022ISK 2.2tISK 1.4tISK 144.0b12x15.3x1.6x
Sat, 29 Oct 2022ISK 2.2tISK 1.4tISK 147.1b12.3x14.7x1.6x
Mon, 26 Sep 2022ISK 2.1tISK 1.3tISK 134.6b11.3x16x1.7x
Wed, 24 Aug 2022ISK 2.4tISK 1.3tISK 123.2b13.3x19.2x1.9x
Fri, 22 Jul 2022ISK 2.3tISK 1.2tISK 126.3b13.6x18.3x1.9x
Sun, 19 Jun 2022ISK 2.1tISK 1.2tISK 128.4b12x16.5x1.8x
Tue, 17 May 2022ISK 2.3tISK 1.1tISK 126.8b12.5x17.9x2x
Thu, 14 Apr 2022ISK 2.5tISK 1.1tISK 130.7b13.4x19x2.2x
Sat, 12 Mar 2022ISK 2.4tISK 1.1tISK 133.2b12.9x17.8x2.1x
Mon, 07 Feb 2022ISK 2.4tISK 1.1tISK 122.1b18.5x19.7x2.2x
Wed, 05 Jan 2022ISK 2.5tISK 1.1tISK 116.4b18.5x21.6x2.3x
Fri, 03 Dec 2021ISK 2.4tISK 1.1tISK 116.6b20.1x20.9x2.3x
Price to Earnings Ratio

20.9x


Total Market Cap: ISK 2.4tTotal Earnings: ISK 116.6bTotal Revenue: ISK 1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Icelandic Market Price to Earnings3Y Average 16.1x202220232024
Current Market PE
  • Investors are optimistic on the Icelandic market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 20.6x which is higher than its 3-year average PE of 16.1x.
Past Earnings Growth
  • The earnings for Icelandic listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 12% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Sector Trends

Which sectors have driven the changes within the Icelandic Market?

IS Market-0.41%
Telecom1.67%
Tech1.45%
Industrials0.75%
Energy0%
Materials0%
Healthcare0%
Utilities0%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Real Estate-0.11%
Financials-0.28%
Consumer Staples-1.40%
Consumer Discretionary-3.60%
Sector PE
  • Investors favour the Consumer Staples sector the most for future growth, which is trading above its 3-year average PE ratio of 22.9x.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 42% over the next 5 years.
  • This is better than its past earnings decline of 54% per year.
  • In contrast, the Financials sector is expected to see its earnings decline by 5.9% 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
MAREL Marel hfISK 614.003.0%
+ISK 13.6b		43.8%PE280xIndustrials
SKAGI Vátryggingafélag Íslands hfISK 19.002.4%
+ISK 845.0m		28.4%PE34.2xFinancials
KALD Kaldalón hfISK 23.903.0%
+ISK 783.7m		42.3%PE7.8xReal Estate
SOLID Solid Clouds hfISK 3.8040.7%
+ISK 365.0m		69.6%PS32.6xTelecom
REITIR Reitir fasteignafélag hfISK 106.000.5%
+ISK 350.5m		31.7%PE5.7xReal Estate
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SVN

ISK 95.00

Sildarvinnslan Hf

7D

-1.0%

1Y

-4.1%

HAMP

ISK 109.00

Hampiðjan hf

7D

-4.8%

1Y

-12.1%

ICESEA

ISK 4.72

Iceland Seafood International hf

7D

1.3%

1Y

-16.5%

FESTI

ISK 278.00

Festi hf

7D

-2.8%

1Y

54.4%

Subdued Growth No Barrier To Festi hf. (ICE:FESTI) With Shares Advancing 27%

Nov 19
Subdued Growth No Barrier To Festi hf. (ICE:FESTI) With Shares Advancing 27%

KLAPP B

ISK 28.00

Klappir Grænar Lausnir hf

7D

1.4%

1Y

n/a

Is Klappir Grænar Lausnir hf (ICE:KLAPP B) A Risky Investment?

Nov 11
Is Klappir Grænar Lausnir hf (ICE:KLAPP B) A Risky Investment?

EIK

ISK 12.80

Eik fasteignafélag hf

7D

-3.0%

1Y

10.3%

Eik fasteignafélag hf's (ICE:EIK) Sluggish Earnings Might Be Just The Beginning Of Its Problems

Nov 07
Eik fasteignafélag hf's (ICE:EIK) Sluggish Earnings Might Be Just The Beginning Of Its Problems

MAREL

ISK 614.00

Marel hf

7D

3.0%

1Y

43.8%

ISB

ISK 125.00

Íslandsbanki hf

7D

-0.8%

1Y

19.6%

ICEAIR

ISK 1.15

Icelandair Group hf

7D

-10.2%

1Y

-11.2%

BRIM

ISK 73.20

Brim hf

7D

-3.4%

1Y

-6.2%

Brim hf (ICE:BRIM) Might Have The Makings Of A Multi-Bagger

Oct 15
Brim hf (ICE:BRIM) Might Have The Makings Of A Multi-Bagger

SYN

ISK 32.60

Sýn hf

7D

4.5%

1Y

-23.5%

REITIR

ISK 106.00

Reitir fasteignafélag hf

7D

0.5%

1Y

31.7%

SKAGI

ISK 19.00

Vátryggingafélag Íslands hf

7D

2.4%

1Y

28.4%

SKEL

ISK 16.20

Skel fjárfestingafélag hf

7D

-5.8%

1Y

31.7%

SOLID

ISK 3.80

Solid Clouds hf

7D

40.7%

1Y

69.6%

KALD

ISK 23.90

Kaldalón hf

7D

3.0%

1Y

42.3%