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Icelandic (OMX) Market Analysis & Valuation

UpdatedApr 27, 2024
DataAggregated Company Financials
Companies28
  • 7D-0.8%
  • 3M-10.3%
  • 1Y-13.5%
  • YTD-6.3%

The market has been flat over the last week. The past year hasn't been profitable, with the market dropping 14%. Looking forward, earnings are forecast to grow by 16% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Apr 2024Kr2.0tKr1.5tKr129.8b15.6x15.3x1.3x
Mon, 25 Mar 2024Kr2.0tKr1.5tKr130.6b15.9x15.4x1.3x
Wed, 21 Feb 2024Kr2.1tKr1.5tKr129.6b16.7x16.6x1.4x
Fri, 19 Jan 2024Kr2.2tKr1.5tKr148.1b15.4x14.6x1.4x
Sun, 17 Dec 2023Kr2.0tKr1.5tKr148.0b14.2x13.7x1.3x
Tue, 14 Nov 2023Kr1.7tKr1.6tKr155.9b13.2x10.8x1.1x
Thu, 12 Oct 2023Kr1.8tKr1.5tKr150.3b15.9x12.1x1.2x
Sat, 09 Sep 2023Kr2.0tKr1.5tKr145.5b16.8x13.6x1.3x
Mon, 07 Aug 2023Kr2.0tKr1.5tKr149.0b15.6x13.7x1.3x
Wed, 05 Jul 2023Kr2.0tKr1.5tKr144.7b14.8x14x1.3x
Fri, 02 Jun 2023Kr2.0tKr1.5tKr147.2b14.8x13.4x1.3x
Sun, 30 Apr 2023Kr2.2tKr1.5tKr148.5b15.3x14.7x1.5x
Tue, 28 Mar 2023Kr2.1tKr1.5tKr148.4b14.5x13.8x1.4x
Thu, 23 Feb 2023Kr2.2tKr1.5tKr153.0b15.1x14.5x1.5x
Sat, 21 Jan 2023Kr2.1tKr1.5tKr143.6b11.4x14.9x1.5x
Mon, 19 Dec 2022Kr2.1tKr1.4tKr142.4b11.7x15x1.5x
Wed, 16 Nov 2022Kr2.2tKr1.4tKr145.5b12.6x15.4x1.6x
Fri, 14 Oct 2022Kr2.0tKr1.3tKr146.9b10.8x13.9x1.6x
Sun, 11 Sep 2022Kr2.4tKr1.3tKr133.4b12.4x17.7x1.9x
Tue, 09 Aug 2022Kr2.4tKr1.2tKr128.2b13.5x18.4x1.9x
Thu, 07 Jul 2022Kr2.2tKr1.2tKr129.4b13x17.3x1.9x
Sat, 04 Jun 2022Kr2.2tKr1.1tKr124.8b11.8x17.5x1.9x
Mon, 02 May 2022Kr2.4tKr1.1tKr125.6b13.2x19.3x2.2x
Wed, 30 Mar 2022Kr2.4tKr1.1tKr131.6b13.3x18.6x2.2x
Fri, 25 Feb 2022Kr2.3tKr1.1tKr128.2b13.4x18.2x2.1x
Sun, 23 Jan 2022Kr2.4tKr1.1tKr116.6b18.5x21x2.3x
Tue, 21 Dec 2021Kr2.4tKr1.1tKr116.7b19.6x20.5x2.2x
Thu, 18 Nov 2021Kr2.5tKr1.1tKr114.0b20.3x21.8x2.3x
Sat, 16 Oct 2021Kr2.5tKr1.0tKr100.0b22.8x24.6x2.4x
Mon, 13 Sep 2021Kr2.3tKr998.5bKr96.1b22.3x24.4x2.3x
Wed, 11 Aug 2021Kr2.3tKr998.0bKr96.0b21.6x23.9x2.3x
Sun, 06 Jun 2021Kr1.9tKr925.0bKr63.2b24.9x29.8x2x
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 15.3x 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 19% 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-0.82%
Real Estate0.39%
Energy0%
Materials0%
Healthcare0%
Tech0%
Utilities0%
Consumer Discretionary-0.45%
Consumer Staples-0.48%
Telecom-0.99%
Industrials-1.09%
Financials-1.28%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 24.0x.
    • 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
EIK Eik fasteignafélag hfKr10.202.0%
+Kr683.0m		-14.3%PE6xReal Estate
REGINN Reginn hfKr22.800.9%
+Kr361.9m		-9.5%PE10.8xReal Estate
NOVA Nova Klúbburinn hfKr4.022.0%
+Kr295.6m		-16.1%PE20.4xTelecom
PLAY Fly Play hfKr4.501.4%
+Kr52.1m		-63.1%PS0.09xIndustrials
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Last Week

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Latest News

PLAY

Kr4.50

Fly Play hf

7D

1.4%

1Y

-63.1%

SIMINN

Kr10.10

Síminn hf

7D

-1.0%

1Y

-12.9%

ICEAIR

Kr1.03

Icelandair Group hf

7D

-1.9%

1Y

-47.7%

OLGERD

Kr18.55

Ölgerðin Egill Skallagrímsson hf

7D

-2.4%

1Y

43.8%

ARION

Kr143.00

Arion banki hf

7D

-0.9%

1Y

0.4%

MAREL

Kr480.00

Marel hf

7D

-1.4%

1Y

-17.8%

EIK

Kr10.20

Eik fasteignafélag hf

7D

2.0%

1Y

-14.3%

Eik fasteignafélag hf (ICE:EIK) Is Increasing Its Dividend To ISK0.74

Mar 29
Eik fasteignafélag hf (ICE:EIK) Is Increasing Its Dividend To ISK0.74

ISB

Kr100.00

Íslandsbanki hf

7D

-1.5%

1Y

-19.4%

REGINN

Kr22.80

Reginn hf

7D

0.9%

1Y

-9.5%

KVIKA

Kr14.25

Kvika banki hf

7D

-2.1%

1Y

-21.7%

SVN

Kr92.00

Sildarvinnslan Hf

7D

-0.5%

1Y

-20.0%

NOVA

Kr4.02

Nova Klúbburinn hf

7D

2.0%

1Y

-16.1%