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Latvian (OMX) Market Analysis & Valuation

UpdatedMay 26, 2024
DataAggregated Company Financials
Companies10
  • 7D-1.7%
  • 3M-9.4%
  • 1Y-11.1%
  • YTD-9.9%

Over the last 7 days, the market has dropped 1.7%, driven by a decline of 2.8% in the Utilities sector. In contrast, the Information Technology sector has actually gained 3.8%. As for last year, the market is also down 11%.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 26 May 2024€661.2m€703.8m-€41,856,561.0013.1x-15.8x0.9x
Tue, 23 Apr 2024€713.4m€702.0m-€41,580,062.0013.4x-17.2x1x
Thu, 21 Mar 2024€724.1m€702.0m-€41,524,092.0013.7x-17.4x1x
Sat, 17 Feb 2024€721.0m€848.2m€6.0m14.6x119.4x0.9x
Mon, 15 Jan 2024€749.8m€878.6m€3.0m15.3x248.3x0.9x
Wed, 13 Dec 2023€736.4m€878.6m€3.0m14.6x243.9x0.8x
Fri, 10 Nov 2023€776.0m€1.0b€45.4m15.3x17.1x0.8x
Sun, 08 Oct 2023€717.4m€1.0b€43.6m13x16.5x0.7x
Tue, 05 Sep 2023€735.9m€1.0b€43.6m13.5x16.9x0.7x
Thu, 03 Aug 2023€842.7m€1.1b€56.1m12x15x0.8x
Sat, 01 Jul 2023€776.8m€1.1b€56.1m11x13.8x0.7x
Mon, 29 May 2023€720.1m€1.1b€58.4m10.2x12.3x0.7x
Wed, 26 Apr 2023€647.9m€1.3b€122.6m11.3x5.3x0.5x
Fri, 24 Mar 2023€668.0m€1.3b€122.5m11.4x5.5x0.5x
Sun, 19 Feb 2023€744.3m€1.4b€294.6m11.6x2.5x0.5x
Tue, 17 Jan 2023€736.2m€1.4b€294.5m11.5x2.5x0.5x
Thu, 15 Dec 2022€720.8m€1.4b€294.5m11.5x2.4x0.5x
Sat, 12 Nov 2022€694.2m€1.3b€113.5m6.9x6.1x0.5x
Mon, 10 Oct 2022€698.0m€1.3b€113.5m6.8x6.1x0.5x
Wed, 07 Sep 2022€708.6m€1.3b€113.4m7.1x6.2x0.5x
Fri, 05 Aug 2022€727.4m€1.2b€84.2m11.3x8.6x0.6x
Sun, 03 Jul 2022€709.7m€1.2b€84.2m9.7x8.4x0.6x
Tue, 31 May 2022€654.5m€1.2b€84.0m10x7.8x0.5x
Thu, 28 Apr 2022€645.7m€985.9m€32.2m12.7x20x0.7x
Sat, 26 Mar 2022€874.2m€1.2b€53.6m9.6x16.3x0.7x
Mon, 21 Feb 2022€949.2m€923.7m-€123,568,502.009.1x-7.7x1x
Wed, 19 Jan 2022€960.7m€922.0m-€124,322,302.009.1x-7.7x1x
Fri, 17 Dec 2021€950.8m€922.0m-€124,322,302.008.7x-7.6x1x
Sun, 14 Nov 2021€972.3m€800.1m€41.5m18.3x23.4x1.2x
Tue, 12 Oct 2021€835.6m€592.0m€33.0m16.7x25.3x1.4x
Thu, 09 Sep 2021€845.0m€592.0m€33.0m16.9x25.6x1.4x
Sat, 07 Aug 2021€818.9m€592.0m€33.1m16.2x24.8x1.4x
Price to Earnings Ratio

14.3x


Total Market Cap: €770.0mTotal Earnings: €53.8mTotal Revenue: €523.6mTotal Market Cap vs Earnings and Revenue0%0%0%
Latvian Market Price to Earnings3Y Average 28.4x202220232024
Current Market PE
  • Investors are relatively neutral on the Latvian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PS ratio of 0.83x.
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-1.75%
Tech3.80%
Energy0%
Real Estate0%
Materials0%
Consumer Discretionary0%
Healthcare0%
Telecom0%
Financials-0.68%
Consumer Staples-1.29%
Utilities-2.82%
Industrials-13.64%
Sector PE
  • Investors favour the Financials sector the most for future growth, which is trading above its 3-year average PE ratio of 14.5x.
    • 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
DGR1R DelfinGroup€1.095.2%
+€2.5m
-20.4%PE7.5xFinancials
SAF1R SAF Tehnika€5.463.8%
+€594.0k
-55.2%PS0.5xTech
See more
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Latest News

SCM1R

€7.50

AS Siguldas Ciltslietu Un Maksligas Apseklosanas Stacija

7D

-6.3%

1Y

7.1%

DGR1R

€1.09

DelfinGroup

7D

5.2%

1Y

-20.4%

GZE1R

€8.26

AS Latvijas Gaze

7D

-2.8%

1Y

-4.0%

IDX1R

€13.00

IPAS Indexo

7D

-5.1%

1Y

-10.7%

SAF1R

€5.46

SAF Tehnika

7D

3.8%

1Y

-55.2%

BAL1R

€8.80

AS Amber Latvijas balzams

7D

-1.7%

1Y

-11.1%

RKB1R

€0.095

AS Rigas kugu buvetava

7D

-13.6%

1Y

72.7%

EGG

€3.97

AS APF Holdings

7D

-2.2%

1Y

n/a

DPK1R

€0.12

AS Ditton pievadkezu rupnica

7D

-13.8%

1Y

-11.9%