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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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 29 Nov 2022Kr652.6bKr187.5bKr54.6b12.1x12x3.5x
Thu, 27 Oct 2022Kr639.2bKr190.2bKr60.8b10.5x10.5x3.4x
Sat, 24 Sep 2022Kr649.4bKr191.5bKr63.1b10.1x10.3x3.4x
Mon, 22 Aug 2022Kr714.5bKr191.5bKr63.1b10.8x11.3x3.7x
Wed, 20 Jul 2022Kr678.3bKr197.7bKr73.6b8.7x9.2x3.4x
Fri, 17 Jun 2022Kr622.9bKr200.4bKr76.8b7.8x8.1x3.1x
Sun, 15 May 2022Kr656.2bKr198.3bKr77.3b8.9x8.5x3.3x
Tue, 12 Apr 2022Kr705.8bKr198.4bKr77.7b9.5x9.1x3.6x
Thu, 10 Mar 2022Kr683.4bKr198.4bKr77.7b9.6x8.8x3.4x
Sat, 05 Feb 2022Kr715.3bKr190.3bKr77.1b9.3x9.3x3.8x
Mon, 03 Jan 2022Kr755.6bKr190.3bKr77.1b9.9x9.8x4x
Wed, 01 Dec 2021Kr736.1bKr190.3bKr77.1b9.6x9.6x3.9x
Fri, 29 Oct 2021Kr786.4bKr175.9bKr66.6b11.5x11.8x4.5x
Sun, 26 Sep 2021Kr681.3bKr174.8bKr65.4b9.7x10.4x3.9x
Tue, 24 Aug 2021Kr698.7bKr174.8bKr65.4b9.9x10.7x4x
Wed, 30 Jun 2021Kr645.3bKr174.8bKr65.4b9.4x9.9x3.7x
Sat, 03 Apr 2021Kr316.1bKr119.5bKr40.4b6.7x7.8x2.6x
Tue, 05 Jan 2021Kr264.1bKr105.6bKr26.2b12.5x10.1x2.5x
Fri, 09 Oct 2020Kr201.8bKr100.2bKr19.8b10.1x10.2x2x
Thu, 02 Jul 2020Kr183.7bKr98.9bKr16.4b9.3x11.2x1.9x
Sun, 05 Apr 2020Kr153.1bKr97.0bKr14.8b9x10.3x1.6x
Wed, 08 Jan 2020Kr221.1bKr104.3bKr23.1b8.1x9.6x2.1x
Price to Earnings Ratio

11.1x


Total Market Cap: Kr211.3bTotal Earnings: Kr19.0bTotal Revenue: Kr100.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Icelandic Financials Sector Price to Earnings3Y Average 10.2x202020212022
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 Markets3.57%
Insurance3.08%
Mortgage Finance0%
Mortgage REITs0%
Diversified Financial0%
Consumer Finance0%
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?

CompanyLast Price7D1YValuation
KVIKA Kvika banki hfKr20.303.6%
+Kr3.3b
-23.7%PE16.5x
SJOVA Sjóvá-Almennar tryggingar hfKr34.404.2%
+Kr1.6b
-4.4%PE12.1x
VIS V√°tryggingaf√©lag √ćslands hfKr18.401.7%
+Kr525.0m
-6.1%PE22.5x
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Latest News

KVIKA

Kr20.30

Kvika banki hf

7D

3.6%

1Y

-23.7%

ISB

Kr124.00

√ćslandsbanki hf

7D

-1.3%

1Y

0.3%

ARION

Kr160.50

Arion banki hf

7D

-1.2%

1Y

-12.5%

VIS

Kr18.40

V√°tryggingaf√©lag √ćslands hf

7D

1.7%

1Y

-6.1%