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Icelandic (OMX) Market Analysis & Valuation

UpdatedMar 19, 2024
DataAggregated Company Financials
Companies28
  • 7D-0.9%
  • 3M0.2%
  • 1Y-7.0%
  • YTD-3.5%

Over the last 7 days, the market has dropped 1.2%, driven by a decline of 3.6% in the Financials sector. The market has dropped 7.7% in the last year. Looking forward, 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, 19 Mar 2024Kr2.1tKr1.5tKr130.5b16.4x15.8x1.4x
Thu, 15 Feb 2024Kr2.1tKr1.5tKr131.0b16.7x16.4x1.4x
Sat, 13 Jan 2024Kr2.2tKr1.5tKr147.9b15.3x14.6x1.4x
Mon, 11 Dec 2023Kr2.0tKr1.5tKr148.0b14.2x13.6x1.3x
Wed, 08 Nov 2023Kr1.7tKr1.5tKr156.8b13.7x11.1x1.1x
Fri, 06 Oct 2023Kr1.8tKr1.5tKr150.2b15.7x12.3x1.2x
Sun, 03 Sep 2023Kr2.0tKr1.5tKr145.1b16.9x14x1.3x
Tue, 01 Aug 2023Kr2.0tKr1.5tKr148.8b16x13.7x1.3x
Thu, 29 Jun 2023Kr1.9tKr1.5tKr145.9b14.7x13.1x1.3x
Sat, 27 May 2023Kr2.0tKr1.5tKr146.5b14.8x13.4x1.3x
Mon, 24 Apr 2023Kr2.1tKr1.5tKr148.9b14.8x14.2x1.4x
Wed, 22 Mar 2023Kr2.1tKr1.5tKr148.6b14.6x14.2x1.4x
Fri, 17 Feb 2023Kr2.2tKr1.4tKr138.4b13.1x16x1.5x
Sun, 15 Jan 2023Kr2.2tKr1.4tKr143.5b11.6x15.1x1.5x
Tue, 13 Dec 2022Kr2.2tKr1.4tKr142.5b12x15.4x1.5x
Thu, 10 Nov 2022Kr2.2tKr1.4tKr147.3b12.4x14.8x1.5x
Sat, 08 Oct 2022Kr2.1tKr1.3tKr134.9b10.8x15.7x1.7x
Mon, 05 Sep 2022Kr2.3tKr1.3tKr132.2b12x17.3x1.8x
Wed, 03 Aug 2022Kr2.3tKr1.2tKr128.3b13.3x18x1.9x
Fri, 01 Jul 2022Kr2.2tKr1.2tKr129.9b12.7x16.8x1.8x
Sun, 29 May 2022Kr2.2tKr1.1tKr124.4b11.9x17.6x1.9x
Tue, 26 Apr 2022Kr2.5tKr1.1tKr128.3b13.3x19.1x2.2x
Thu, 24 Mar 2022Kr2.4tKr1.1tKr131.1b13.1x18.3x2.2x
Sat, 19 Feb 2022Kr2.5tKr1.1tKr125.9b14.9x19.9x2.3x
Mon, 17 Jan 2022Kr2.5tKr1.1tKr116.8b18.6x21x2.3x
Wed, 15 Dec 2021Kr2.4tKr1.1tKr116.6b19.9x20.8x2.2x
Fri, 12 Nov 2021Kr2.5tKr1.1tKr111.9b20.2x22x2.3x
Sun, 10 Oct 2021Kr2.4tKr1.0tKr100.0b22.2x23.8x2.3x
Tue, 07 Sep 2021Kr2.4tKr998.5bKr96.1b21.5x24.8x2.4x
Thu, 05 Aug 2021Kr2.3tKr998.0bKr96.0b21.6x23.8x2.3x
Sun, 09 May 2021Kr1.8tKr925.0bKr63.2b25.1x28.1x1.9x
Price to Earnings Ratio

25.6x


Total Market Cap: Kr1.6tTotal Earnings: Kr63.2bTotal Revenue: Kr925.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Icelandic Market Price to Earnings3Y Average 17.9x202220232024
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 15.7x which is lower than its 3-year average PE of 17.9x.
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-0.85%
Industrials0.65%
Energy0%
Materials0%
Healthcare0%
Tech0%
Utilities0%
Consumer Staples-0.27%
Consumer Discretionary-1.01%
Real Estate-1.20%
Telecom-2.20%
Financials-2.60%
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 80.2x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 28.3% which is higher than its past year's earnings decline of 35.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 28% 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
MAREL Marel hfKr473.001.3%
+Kr4.5b
-14.0%PE77.4xIndustrials
KVIKA Kvika banki hfKr15.553.0%
+Kr2.1b
-14.8%PE32.1xFinancials
ISF Ísfélag hfKr159.001.1%
+Kr1.5b
n/an/aConsumer Staples
EIM Eimskipafélag Íslands hfKr383.001.3%
+Kr819.9m
-28.4%PE7.8xIndustrials
BRIM Brim hfKr80.000.5%
+Kr770.0m
-7.0%PE16.4xConsumer Staples
See more
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Market Insights

When we checked in on commodity markets in November there was a lot of red on the YTD returns table. Since then, the gold price has hit a new record and crude is back above $80...

Latest News

KVIKA

Kr15.55

Kvika banki hf

7D

3.0%

1Y

-14.8%

ARION

Kr146.50

Arion banki hf

7D

-6.7%

1Y

8.9%

BRIM

Kr80.00

Brim hf

7D

0.5%

1Y

-7.0%

ISB

Kr106.00

Íslandsbanki hf

7D

-0.9%

1Y

-10.5%

SVN

Kr95.50

Sildarvinnslan Hf

7D

-1.3%

1Y

-19.1%

SKEL

Kr16.40

Skel fjárfestingafélag hf

7D

-2.4%

1Y

14.7%

SIMINN

Kr10.10

Síminn hf

7D

-1.9%

1Y

-5.6%

ICEAIR

Kr1.16

Icelandair Group hf

7D

0.4%

1Y

-40.8%

MAREL

Kr473.00

Marel hf

7D

1.3%

1Y

-14.0%

HAGA

Kr73.00

Hagar hf

7D

-2.0%

1Y

13.2%

EIM

Kr383.00

Eimskipafélag Íslands hf

7D

1.3%

1Y

-28.4%

ISF

Kr159.00

Ísfélag hf

7D

1.1%

1Y

n/a

OLGERD

Kr17.65

Ölgerðin Egill Skallagrímsson hf

7D

0.6%

1Y

73.0%