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Latvian (OMX) Market Analysis & Valuation

UpdatedMar 18, 2024
DataAggregated Company Financials
Companies10
  • 7D-0.5%
  • 3M-1.3%
  • 1Y-4.0%
  • YTD-0.6%

Over the last 7 days, the market has remained flat, although notably the Industrials sector declined by 8.2%. The past year hasn't been profitable, with the market dropping 4.0%.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 18 Mar 2024€729.4m€704.4m-€41,524,092.0014.1x-17.6x1x
Wed, 14 Feb 2024€723.0m€848.2m€6.0m14.6x119.7x0.9x
Fri, 12 Jan 2024€753.8m€878.6m€3.0m15.3x249.6x0.9x
Sun, 10 Dec 2023€747.9m€878.6m€3.0m14.4x247.7x0.9x
Tue, 07 Nov 2023€784.4m€1.0b€45.3m15.6x17.3x0.8x
Thu, 05 Oct 2023€715.0m€1.0b€43.6m13x16.4x0.7x
Sat, 02 Sep 2023€735.5m€993.5m€45.0m11.6x16.4x0.7x
Mon, 31 Jul 2023€837.5m€1.1b€56.1m11.8x14.9x0.8x
Wed, 28 Jun 2023€779.3m€1.1b€56.1m10.7x13.9x0.7x
Fri, 26 May 2023€717.2m€1.3b€124.6m10.2x5.8x0.6x
Sun, 23 Apr 2023€657.4m€1.3b€122.6m11.3x5.4x0.5x
Tue, 21 Mar 2023€666.5m€1.3b€122.5m11.3x5.4x0.5x
Thu, 16 Feb 2023€747.2m€1.4b€293.6m11.6x2.5x0.5x
Sat, 14 Jan 2023€731.1m€1.4b€294.5m11.5x2.5x0.5x
Mon, 12 Dec 2022€704.7m€1.4b€294.5m11.5x2.4x0.5x
Wed, 09 Nov 2022€688.5m€1.3b€113.5m6.9x6.1x0.5x
Fri, 07 Oct 2022€682.7m€1.3b€113.5m6.8x6x0.5x
Sun, 04 Sep 2022€714.6m€1.3b€113.8m8.1x6.3x0.5x
Tue, 02 Aug 2022€736.8m€1.2b€84.2m11.3x8.7x0.6x
Thu, 30 Jun 2022€702.0m€1.2b€84.2m9.7x8.3x0.6x
Sat, 28 May 2022€645.4m€987.3m€33.2m11.7x19.5x0.7x
Mon, 25 Apr 2022€646.8m€985.9m€32.2m12.8x20.1x0.7x
Wed, 23 Mar 2022€881.0m€1.2b€53.6m9.6x16.4x0.7x
Fri, 18 Feb 2022€947.6m€923.7m-€123,568,502.009.1x-7.7x1x
Sun, 16 Jan 2022€970.6m€922.0m-€124,322,302.009.1x-7.8x1.1x
Tue, 14 Dec 2021€959.3m€922.0m-€124,322,302.008.9x-7.7x1x
Thu, 11 Nov 2021€900.7m€612.2m€36.4m18.9x24.8x1.5x
Sat, 09 Oct 2021€843.9m€592.0m€33.0m16.7x25.6x1.4x
Mon, 06 Sep 2021€851.0m€592.0m€33.0m18.6x25.8x1.4x
Wed, 04 Aug 2021€809.4m€592.0m€33.1m16.2x24.5x1.4x
Sat, 08 May 2021€757.4m€523.6m€53.8m14.4x14.1x1.4x
Price to Earnings Ratio

13.4x


Total Market Cap: €720.6mTotal Earnings: €53.8mTotal Revenue: €523.6mTotal Market Cap vs Earnings and Revenue0%0%0%
Latvian Market Price to Earnings3Y Average 30.5x202220232024
Current Market PE
  • Investors are optimistic on the Latvian market, and appear confident in strong long term growth rates.
  • The market is trading at a PS ratio of 1.0x, higher but close to its 3-year average PS ratio of 0.85x.
Past Earnings Growth
  • Total earnings for Latvian listed companies have declined over the last three years, with the market now making a loss overall.
  • Revenues have grown 10% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Sector Trends

Which sectors have driven the changes within the Latvian Market?

LV Market-0.50%
Tech0.90%
Energy0%
Real Estate0%
Materials0%
Healthcare0%
Telecom0%
Consumer Staples-0.13%
Financials-0.20%
Consumer Discretionary-0.24%
Utilities-0.83%
Industrials-8.16%
Sector PE
  • Investors favour the Financials sector the most for future growth, which is trading above its 3-year average PE ratio of 13.3x.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
Forecasted GrowthThere is insufficient data in this market to determine future earnings growth rates.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
No data available
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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...

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GZE1R

€9.60

AS Latvijas Gaze

7D

-0.2%

1Y

8.8%

DGR1R

€1.25

DelfinGroup

7D

-0.4%

1Y

-16.1%

IDX1R

€11.85

IPAS Indexo

7D

-0.8%

1Y

-19.4%

MDARA

€14.20

AS MADARA Cosmetics

7D

-1.0%

1Y

-13.1%

VIRSI

€4.21

AS Virsi-A

7D

-0.9%

1Y

-5.4%

EGG

€4.26

AS APF Holdings

7D

-4.1%

1Y

n/a

SAF1R

€6.74

SAF Tehnika

7D

-3.7%

1Y

-49.3%

DPK1R

€0.12

AS Ditton pievadkezu rupnica

7D

-13.8%

1Y

-11.9%