Latvian (OMX) Market Analysis & Valuation
UpdatedJun 01, 2023
DataAggregated Company Financials
Companies11
- 7D0.3%
- 3M-2.3%
- 1Y0.7%
- YTD0.7%
Over the last 7 days, the market has remained flat, with no particular sector making any big moves this week. As for the longer term, the market has also been flat over the past year. Looking forward, earnings are forecast to grow by 64% annually.
Market Valuation and Performance
Has the Latvian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 01 Jun 2023 | €722.9m | €1.1b | €58.3m | 10.2x | 12.4x | 0.7x |
| Sat, 29 Apr 2023 | €653.0m | €1.3b | €122.6m | 11.3x | 5.3x | 0.5x |
| Mon, 27 Mar 2023 | €662.1m | €1.3b | €122.5m | 11.4x | 5.4x | 0.5x |
| Wed, 22 Feb 2023 | €745.5m | €1.4b | €294.6m | 11.6x | 2.5x | 0.5x |
| Fri, 20 Jan 2023 | €742.3m | €1.4b | €294.5m | 11.5x | 2.5x | 0.5x |
| Sun, 18 Dec 2022 | €724.0m | €1.4b | €294.5m | 11.5x | 2.5x | 0.5x |
| Tue, 15 Nov 2022 | €693.1m | €1.3b | €113.7m | 6.9x | 6.1x | 0.5x |
| Thu, 13 Oct 2022 | €690.5m | €1.3b | €113.5m | 6.8x | 6.1x | 0.5x |
| Sat, 10 Sep 2022 | €708.1m | €1.3b | €113.5m | 7.1x | 6.2x | 0.5x |
| Mon, 08 Aug 2022 | €731.8m | €1.2b | €84.2m | 11.3x | 8.7x | 0.6x |
| Wed, 06 Jul 2022 | €701.1m | €1.2b | €84.2m | 10.4x | 8.3x | 0.6x |
| Fri, 03 Jun 2022 | €667.3m | €1.2b | €84.1m | 10.1x | 7.9x | 0.5x |
| Sun, 01 May 2022 | €603.2m | €985.9m | €32.2m | 12.8x | 18.7x | 0.6x |
| Tue, 29 Mar 2022 | €720.7m | €983.7m | €32.2m | 12.3x | 22.4x | 0.7x |
| Thu, 24 Feb 2022 | €941.0m | €923.7m | -€123,568,502.00 | 9.1x | -7.6x | 1x |
| Sat, 22 Jan 2022 | €956.4m | €922.0m | -€124,322,302.00 | 9.1x | -7.7x | 1x |
| Mon, 20 Dec 2021 | €960.0m | €922.0m | -€124,322,302.00 | 9.1x | -7.7x | 1x |
| Wed, 17 Nov 2021 | €959.1m | €800.0m | €41.6m | 16.3x | 23x | 1.2x |
| Fri, 15 Oct 2021 | €831.1m | €592.0m | €33.0m | 18.3x | 25.2x | 1.4x |
| Sun, 12 Sep 2021 | €851.7m | €592.0m | €33.0m | 17.1x | 25.8x | 1.4x |
| Tue, 10 Aug 2021 | €820.6m | €592.0m | €33.1m | 16.1x | 24.8x | 1.4x |
| Mon, 03 May 2021 | €757.4m | €523.6m | €53.8m | 14.4x | 14.1x | 1.4x |
| Thu, 04 Feb 2021 | €735.2m | €506.2m | €38.3m | 12.7x | 19.2x | 1.5x |
| Sun, 08 Nov 2020 | €673.8m | €505.3m | €58.1m | 13.6x | 11.6x | 1.3x |
| Sat, 01 Aug 2020 | €643.7m | €547.4m | €66.1m | 19.3x | 9.7x | 1.2x |
Price to Earnings Ratio
14.2x
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 PE ratio of 12.4x which is higher than its 3-year average PE of 11.2x.
Past Earnings Growth
- The earnings for Latvian listed companies have grown 8.9% per year over the last three years.
- Revenues for these companies have grown 22% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Latvian Market?
| LV Market | 0.33% | |
| Consumer Staples | 1.09% | |
| Consumer Discretionary | 0.45% | |
| Tech | 0.29% | |
| Utilities | 0.23% | |
| Energy | 0% | |
| Real Estate | 0% | |
| Materials | 0% | |
| Healthcare | 0% | |
| Telecom | 0% | |
| Financials | -0.31% | |
| Industrials | -2.91% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 22.6x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 64.0% which is higher than its past year's earnings decline of 48.7% per year.
- The Industrials sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 64% over the next 5 years.
- This is better than its past earnings decline of 49% per year.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| MDARA AS MADARA Cosmetics | €17.55 | 2.3% +€1.5m | -28.1% | PE58.7x | Consumer Staples | |
| GZE1R AS Latvijas Gaze | €8.64 | 0.2% +€798.0k | 9.4% | PE9.9x | Utilities | |
| VIRSI AS Virsi-A | €4.50 | 0.4% +€302.3k | 2.3% | PE6.6x | Consumer Discretionary | |
| SAF1R SAF Tehnika | €12.20 | 0.4% +€148.5k | 1.7% | PE10.2x | Tech |
Market Insights
The best luxury goods are typically “better quality” than their cheaper counterparts in the sense that they are more durable...
Continue reading