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Latvian (OMX) Market Analysis & Valuation

UpdatedMay 23, 2022
DataAggregated Company Financials
Companies10
  • 7D-1.4%
  • 3M-18.0%
  • 1Y-17.2%
  • YTD-19.2%

Over the last 7 days, the market has dropped 1.4%, driven by a loss of 3.4% in the Utilities sector. In the last 12 months the market is down 17%.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Mon, 23 May 2022€648.2m€987.3m€32.7m11.9x
Wed, 20 Apr 2022€679.9m€985.9m€32.2m12.6x
Fri, 18 Mar 2022€878.0m€1.2b€53.6m9.5x
Sun, 13 Feb 2022€952.3m€924.5m-€123,116,525.009.1x
Tue, 11 Jan 2022€981.2m€922.0m-€124,322,302.009.1x
Thu, 09 Dec 2021€957.2m€922.0m-€124,322,302.009.1x
Sat, 06 Nov 2021€909.8m€612.5m€36.5m18.9x
Mon, 04 Oct 2021€855.7m€592.0m€33.0m16.7x
Wed, 01 Sep 2021€841.6m€592.0m€33.1m17x
Thu, 08 Jul 2021€808.7m€592.0m€33.1m15.7x
Wed, 31 Mar 2021€720.6m€523.6m€53.8m13x
Sat, 02 Jan 2021€715.1m€506.2m€38.3m12.2x
Tue, 06 Oct 2020€675.5m€505.3m€58.1m13.7x
Fri, 10 Jul 2020€658.4m€547.4m€66.1m18.3x
Thu, 02 Apr 2020€565.8m€596.0m€45.1m12.7x
Sun, 05 Jan 2020€646.5m€648.6m€51.8m19.6x
Wed, 09 Oct 2019€639.6m€676.8m€38.7m20.2x
Tue, 02 Jul 2019€655.1m€731.7m€29.3m21.5x
Median PE Ratio

18.4x


Total Market Cap: €638.2mTotal Earnings: €47.0mTotal Revenue: €693.3mTotal Market Cap vs Earnings and Revenue0%0%0%
Latvian Market Median PE3Y Average 16.1x202020212022
Current Market PE
  • Investors are pessimistic on the market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 11.9x which is lower than its 3-year average PE of 16.1x.
  • This is at odds with analyst estimates, who expect earnings to grow in the future.
Past Earnings Growth
  • The earnings for Latvian listed companies have declined 11% per year over the last three years.
  • Meanwhile revenues for these companies have grown 13% 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-1.35%
Consumer Discretionary1.71%
Financials0.42%
Tech0.29%
Energy0%
Real Estate0%
Materials0%
Healthcare0%
Telecom0%
Consumer Staples-0.013%
Industrials-1.46%
Utilities-3.38%
Sector PE
  • Investors are most optimistic about the Utilities sector even though it's trading below its 3-year average PE ratio of 7kx.
  • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Tech sector, which is trading below its 3-year average of 61.7x.
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
MDARA AS MADARA Cosmetics€24.002.6%
+€2.3m
6.2%PS24.7xConsumer Staples
VIRSI AS Virsi-A€4.441.6%
+€1.1m
n/aPS10.1xConsumer Discretionary
HMX1R AS HansaMatrix€7.106.0%
+€734.0k
-22.4%PS0.6xTech
RKB1R AS Rigas kugu buvetava€0.0550.4%
+€2.3k
-41.3%PS0.3xIndustrials
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