Icelandic (OMX) Financials Sector Analysis
UpdatedNov 29, 2022
DataAggregated Company Financials
Companies5
- 7D-0.09%
- 3M-5.6%
- 1Y-9.3%
- YTD-11.7%
The Financials industry is up 1.6% in the last week, with Kvika banki hf up 3.6%. In the past year, the industry is down 8.8%. As for the next few years, earnings are expected to grow by 7.0% per annum.
Sector Valuation and Performance
Has the Icelandic Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 29 Nov 2022 | Kr652.6b | Kr187.5b | Kr54.6b | 12.1x | 12x | 3.5x |
| Thu, 27 Oct 2022 | Kr639.2b | Kr190.2b | Kr60.8b | 10.5x | 10.5x | 3.4x |
| Sat, 24 Sep 2022 | Kr649.4b | Kr191.5b | Kr63.1b | 10.1x | 10.3x | 3.4x |
| Mon, 22 Aug 2022 | Kr714.5b | Kr191.5b | Kr63.1b | 10.8x | 11.3x | 3.7x |
| Wed, 20 Jul 2022 | Kr678.3b | Kr197.7b | Kr73.6b | 8.7x | 9.2x | 3.4x |
| Fri, 17 Jun 2022 | Kr622.9b | Kr200.4b | Kr76.8b | 7.8x | 8.1x | 3.1x |
| Sun, 15 May 2022 | Kr656.2b | Kr198.3b | Kr77.3b | 8.9x | 8.5x | 3.3x |
| Tue, 12 Apr 2022 | Kr705.8b | Kr198.4b | Kr77.7b | 9.5x | 9.1x | 3.6x |
| Thu, 10 Mar 2022 | Kr683.4b | Kr198.4b | Kr77.7b | 9.6x | 8.8x | 3.4x |
| Sat, 05 Feb 2022 | Kr715.3b | Kr190.3b | Kr77.1b | 9.3x | 9.3x | 3.8x |
| Mon, 03 Jan 2022 | Kr755.6b | Kr190.3b | Kr77.1b | 9.9x | 9.8x | 4x |
| Wed, 01 Dec 2021 | Kr736.1b | Kr190.3b | Kr77.1b | 9.6x | 9.6x | 3.9x |
| Fri, 29 Oct 2021 | Kr786.4b | Kr175.9b | Kr66.6b | 11.5x | 11.8x | 4.5x |
| Sun, 26 Sep 2021 | Kr681.3b | Kr174.8b | Kr65.4b | 9.7x | 10.4x | 3.9x |
| Tue, 24 Aug 2021 | Kr698.7b | Kr174.8b | Kr65.4b | 9.9x | 10.7x | 4x |
| Wed, 30 Jun 2021 | Kr645.3b | Kr174.8b | Kr65.4b | 9.4x | 9.9x | 3.7x |
| Sat, 03 Apr 2021 | Kr316.1b | Kr119.5b | Kr40.4b | 6.7x | 7.8x | 2.6x |
| Tue, 05 Jan 2021 | Kr264.1b | Kr105.6b | Kr26.2b | 12.5x | 10.1x | 2.5x |
| Fri, 09 Oct 2020 | Kr201.8b | Kr100.2b | Kr19.8b | 10.1x | 10.2x | 2x |
| Thu, 02 Jul 2020 | Kr183.7b | Kr98.9b | Kr16.4b | 9.3x | 11.2x | 1.9x |
| Sun, 05 Apr 2020 | Kr153.1b | Kr97.0b | Kr14.8b | 9x | 10.3x | 1.6x |
| Wed, 08 Jan 2020 | Kr221.1b | Kr104.3b | Kr23.1b | 8.1x | 9.6x | 2.1x |
Price to Earnings Ratio
11.1x
Current Industry PE
- Investors are optimistic on the Icelandic Financials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 12.1x which is higher than its 3-year average PE of 10.2x.
- The 3-year average PS ratio of 2.9x is lower than the industry's current PS ratio of 3.5x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 42% per year over the last three years.
- Revenues for these companies have grown 23% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Icelandic Financials sector?
| IS Market | -0.40% | |
| Financials | -0.094% | |
| Capital Markets | 3.57% | |
| Insurance | 3.08% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Diversified Financial | 0% | |
| Consumer Finance | 0% | |
| Banks | -1.25% | |
Industry PE
- Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 12.2x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Banks industry, which is trading close to its 3-year average of 10.6x.
Forecasted Growth
- Analysts are most optimistic on the Banks industry, expecting annual earnings growth of 7.0% over the next 5 years.
- This is better than its past earnings decline of 5.2% per year.
- In contrast, the Banks industry is expected to see its earnings grow 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| KVIKA Kvika banki hf | Kr20.30 | 3.6% +Kr3.3b | -23.7% | PE16.5x | |
| SJOVA Sjóvá-Almennar tryggingar hf | Kr34.40 | 4.2% +Kr1.6b | -4.4% | PE12.1x | |
| VIS Vátryggingafélag Íslands hf | Kr18.40 | 1.7% +Kr525.0m | -6.1% | PE22.5x |