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Italian (Borsa Italiana) Market Analysis & Valuation
UpdatedNov 01, 2024
DataAggregated Company Financials
Companies404
- 7D-0.7%
- 3M3.3%
- 1Y19.1%
- YTD8.6%
The market has been flat in the last week, however the Consumer Staples sector is down 12%. As for the longer term, the market has risen 19% in the past 12 months. As for the next few years, earnings are expected to grow by 7.3% per annum.
Market Valuation and Performance
Has the Italian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 01 Nov 2024 | €726.9b | €836.0b | €74.4b | 13.8x | 9.8x | 0.9x |
| Sun, 29 Sep 2024 | €739.0b | €836.8b | €75.1b | 14.3x | 9.8x | 0.9x |
| Tue, 27 Aug 2024 | €720.4b | €848.0b | €75.5b | 14.2x | 9.5x | 0.8x |
| Thu, 25 Jul 2024 | €756.3b | €854.0b | €79.1b | 14.5x | 9.6x | 0.9x |
| Sat, 22 Jun 2024 | €746.4b | €868.7b | €79.9b | 14.2x | 9.3x | 0.9x |
| Mon, 20 May 2024 | €787.7b | €860.9b | €79.0b | 15x | 10x | 0.9x |
| Wed, 17 Apr 2024 | €770.1b | €979.0b | €83.9b | 14.4x | 9.2x | 0.8x |
| Fri, 15 Mar 2024 | €765.5b | €898.0b | €79.3b | 13.8x | 9.7x | 0.9x |
| Sun, 11 Feb 2024 | €677.7b | €922.9b | €80.2b | 14.1x | 8.5x | 0.7x |
| Tue, 09 Jan 2024 | €679.7b | €921.5b | €77.4b | 14.8x | 8.8x | 0.7x |
| Thu, 07 Dec 2023 | €663.4b | €923.5b | €77.3b | 14.3x | 8.6x | 0.7x |
| Sat, 04 Nov 2023 | €636.3b | €947.7b | €71.2b | 14x | 8.9x | 0.7x |
| Mon, 02 Oct 2023 | €628.6b | €965.1b | €73.8b | 14.7x | 8.5x | 0.7x |
| Wed, 30 Aug 2023 | €645.4b | €962.4b | €73.7b | 15.6x | 8.8x | 0.7x |
| Fri, 28 Jul 2023 | €639.8b | €941.9b | €69.7b | 15.7x | 9.2x | 0.7x |
| Sun, 25 Jun 2023 | €610.0b | €947.9b | €77.2b | 15.9x | 7.9x | 0.6x |
| Tue, 23 May 2023 | €618.7b | €946.6b | €77.2b | 16.2x | 8x | 0.7x |
| Thu, 20 Apr 2023 | €639.3b | €949.2b | €74.2b | 16.2x | 8.6x | 0.7x |
| Sat, 18 Mar 2023 | €585.4b | €950.8b | €57.0b | 15x | 10.3x | 0.6x |
| Mon, 13 Feb 2023 | €627.4b | €918.9b | €56.8b | 15.9x | 11x | 0.7x |
| Wed, 11 Jan 2023 | €591.6b | €913.7b | €51.8b | 16.1x | 11.4x | 0.6x |
| Fri, 09 Dec 2022 | €586.4b | €920.5b | €52.0b | 15.9x | 11.3x | 0.6x |
| Sun, 06 Nov 2022 | €578.8b | €918.8b | €57.0b | 15.5x | 10.1x | 0.6x |
| Tue, 04 Oct 2022 | €526.8b | €889.2b | €51.4b | 14.3x | 10.2x | 0.6x |
| Thu, 01 Sep 2022 | €563.3b | €919.2b | €52.9b | 17.8x | 10.7x | 0.6x |
| Sat, 30 Jul 2022 | €588.1b | €867.9b | €45.2b | 18.3x | 13x | 0.7x |
| Mon, 27 Jun 2022 | €580.5b | €871.7b | €45.0b | 17.8x | 12.9x | 0.7x |
| Wed, 25 May 2022 | €628.3b | €891.2b | €46.2b | 17.7x | 13.6x | 0.7x |
| Fri, 22 Apr 2022 | €654.2b | €843.1b | €44.0b | 18.6x | 14.9x | 0.8x |
| Sun, 20 Mar 2022 | €642.5b | €918.6b | €43.3b | 16.7x | 14.8x | 0.7x |
| Tue, 15 Feb 2022 | €685.2b | €830.7b | €44.2b | 18.2x | 15.5x | 0.8x |
| Thu, 13 Jan 2022 | €720.7b | €830.9b | €40.9b | 19.1x | 17.6x | 0.9x |
| Sat, 11 Dec 2021 | €691.0b | €815.4b | €40.3b | 18.6x | 17.2x | 0.8x |
| Mon, 08 Nov 2021 | €717.4b | €808.3b | €39.3b | 19.5x | 18.3x | 0.9x |
Price to Earnings Ratio
18.3x
Current Market PE
- Investors are pessimistic on the Italian market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 9.8x which is lower than its 3-year average PE of 10.9x.
Past Earnings Growth
- The earnings for Italian listed companies have grown 24% per year over the last three years, while revenues have remained steady.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Sector Trends
Which sectors have driven the changes within the Italian Market?
| IT Market | -0.73% | |
| Materials | 1.65% | |
| Financials | 0.056% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Energy | -0.025% | |
| Industrials | -0.25% | |
| Real Estate | -0.54% | |
| Telecom | -1.12% | |
| Utilities | -1.20% | |
| Consumer Discretionary | -1.21% | |
| Tech | -1.65% | |
| Healthcare | -2.11% | |
| Consumer Staples | -12.28% | |
Sector PE
- Investors favour the Tech sector the most for future growth even though it's trading below its 3-year average PE ratio of 41.5x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 23.5%, which is higher than its past year's earnings growth of 8.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 104% over the next 5 years.
- This is better than its past earnings decline of 70% per year.
- In contrast, the Financials industry is expected to see its earnings growth to stay flat 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 | Sector | |
|---|---|---|---|---|---|---|
| UCG UniCredit | €41.02 | 1.9% +€1.2b | 71.5% | PB1x | Financials | |
| ISP Intesa Sanpaolo | €3.94 | 1.6% +€1.1b | 58.4% | PB1.1x | Financials | |
| TEN Tenaris | €15.01 | 2.0% +€321.6m | -0.7% | PE6.6x | Energy | |
| BZU Buzzi | €36.54 | 4.6% +€293.5m | 41.2% | PE6.9x | Materials | |
| SPM Saipem | €2.17 | 6.9% +€272.0m | 49.5% | PE13.8x | Energy |
