Header cover image

Icelandic (OMX) Market Analysis & Valuation

UpdatedApr 17, 2024
DataAggregated Company Financials
Companies28
  • 7D-0.4%
  • 3M-6.1%
  • 1Y-9.1%
  • YTD-4.7%

Over the last 7 days, the market has remained flat, with no particular sector making any big moves this week. The past year hasn't been profitable, with the market dropping 9.1%. As for the next few years, earnings are expected to grow by 16% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 17 Apr 2024Kr2.0tKr1.5tKr130.7b16.4x15.5x1.3x
Fri, 15 Mar 2024Kr2.1tKr1.5tKr130.3b16.4x15.8x1.4x
Sun, 11 Feb 2024Kr2.2tKr1.5tKr127.1b18x17.3x1.4x
Tue, 09 Jan 2024Kr2.2tKr1.5tKr148.2b15.3x14.8x1.4x
Thu, 07 Dec 2023Kr1.9tKr1.5tKr148.2b13.9x12.6x1.2x
Sat, 04 Nov 2023Kr1.8tKr1.5tKr156.5b13.7x11.2x1.1x
Mon, 02 Oct 2023Kr1.9tKr1.5tKr149.9b15.9x12.4x1.2x
Wed, 30 Aug 2023Kr2.0tKr1.5tKr145.1b16.7x14.1x1.4x
Fri, 28 Jul 2023Kr2.1tKr1.5tKr148.1b15.9x13.9x1.4x
Sun, 25 Jun 2023Kr1.9tKr1.5tKr146.3b14.6x13.3x1.3x
Tue, 23 May 2023Kr2.0tKr1.5tKr147.2b14.9x13.8x1.3x
Thu, 20 Apr 2023Kr2.1tKr1.5tKr147.9b15.2x14.3x1.5x
Sat, 18 Mar 2023Kr2.1tKr1.5tKr148.5b14.7x14.2x1.4x
Mon, 13 Feb 2023Kr2.2tKr1.5tKr163.7b13.1x13.6x1.5x
Wed, 11 Jan 2023Kr2.1tKr1.5tKr143.7b11.6x14.9x1.5x
Fri, 09 Dec 2022Kr2.2tKr1.4tKr141.9b11.8x15.3x1.5x
Sun, 06 Nov 2022Kr2.1tKr1.4tKr146.3b12.2x14.7x1.5x
Tue, 04 Oct 2022Kr2.1tKr1.3tKr135.5b10.8x15.3x1.6x
Thu, 01 Sep 2022Kr2.3tKr1.3tKr127.6b12.7x17.9x1.8x
Sat, 30 Jul 2022Kr2.3tKr1.2tKr127.8b13.4x18.3x1.9x
Mon, 27 Jun 2022Kr2.2tKr1.2tKr130.2b12.5x16.7x1.8x
Wed, 25 May 2022Kr2.2tKr1.1tKr126.0b11.7x17.2x1.9x
Fri, 22 Apr 2022Kr2.5tKr1.1tKr128.8b13.4x19.1x2.2x
Sun, 20 Mar 2022Kr2.4tKr1.1tKr133.2b13.1x18.2x2.2x
Tue, 15 Feb 2022Kr2.5tKr1.1tKr123.9b17.2x19.9x2.2x
Thu, 13 Jan 2022Kr2.5tKr1.1tKr116.5b18.5x21.1x2.3x
Sat, 11 Dec 2021Kr2.5tKr1.1tKr116.8b19.8x21.1x2.3x
Mon, 08 Nov 2021Kr2.5tKr1.1tKr108.7b20.2x22.9x2.3x
Wed, 06 Oct 2021Kr2.4tKr1.0tKr100.0b22.2x23.6x2.3x
Fri, 03 Sep 2021Kr2.4tKr998.0bKr96.0b21.5x24.7x2.4x
Sun, 01 Aug 2021Kr2.3tKr998.0bKr96.0b20.5x23.5x2.3x
Wed, 05 May 2021Kr1.8tKr925.0bKr63.2b25.1x28.1x1.9x
Price to Earnings Ratio

28.1x


Total Market Cap: Kr1.8tTotal Earnings: Kr63.2bTotal Revenue: Kr925.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Icelandic Market Price to Earnings3Y Average 17.6x202220232024
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 15.5x which is lower than its 3-year average PE of 17.6x.
Past Earnings Growth
  • The earnings for Icelandic listed companies have grown 27% per year over the last three years.
  • Revenues for these companies have grown 18% 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-0.41%
Consumer Discretionary1.50%
Telecom1.23%
Energy0%
Materials0%
Healthcare0%
Tech0%
Utilities0%
Industrials-0.34%
Consumer Staples-0.39%
Financials-0.75%
Real Estate-1.22%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 22.2x.
    • 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 10.7x.
Forecasted Growth
  • Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 29% over the next 5 years.
  • This is better than its past earnings decline of 35% per year.
  • In contrast, the Financials sector is expected to see its earnings decline by 7.0% 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
FESTI Festi hfKr191.000.5%
+Kr301.3m
-2.6%PE16.7xConsumer Discretionary
SYN Sýn hfKr47.402.6%
+Kr299.2m
-17.6%PE5.6xTelecom
SIMINN Síminn hfKr10.301.0%
+Kr265.0m
-10.4%PE20.3xTelecom
SFS B Sláturfélags Suðurlands svfKr2.762.2%
+Kr34.5m
-7.4%PE2xConsumer Staples
See more
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Market Insights

Last week’s solar eclipse cut solar power generation in the US by as much as 30 gigawatts , which was enough to require utilities to plan for supplementary sources of power...

Latest News

ARION

Kr143.00

Arion banki hf

7D

-2.1%

1Y

2.5%

ICEAIR

Kr1.04

Icelandair Group hf

7D

-3.3%

1Y

-45.3%

SFS B

Kr2.76

Sláturfélags Suðurlands svf

7D

2.2%

1Y

-7.4%

ISB

Kr100.50

Íslandsbanki hf

7D

-1.0%

1Y

-14.8%

KVIKA

Kr14.50

Kvika banki hf

7D

-2.0%

1Y

-19.2%

SIMINN

Kr10.30

Síminn hf

7D

1.0%

1Y

-10.4%

SVN

Kr93.50

Sildarvinnslan Hf

7D

-1.6%

1Y

-18.7%

FESTI

Kr191.00

Festi hf

7D

0.5%

1Y

-2.6%

EIM

Kr332.00

Eimskipafélag Íslands hf

7D

-2.4%

1Y

-41.1%