Insufficient Growth At AX Real Estate p.l.c. (MTSE:AXR) Hampers Share Price
Sep 02
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Maltese (MSE) Market Analysis & Valuation
UpdatedSep 02, 2025
DataAggregated Company Financials
Companies30
- 7D-0.7%
- 3M1.1%
- 1Y-1.8%
- YTD2.5%
Over the last 7 days, the market has remained flat, although notably the Energy sector gained 4.8% in that time. As for the longer term, the market has also been flat over the past year.
Market Valuation and Performance
Has the Maltese Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 02 Sep 2025 | €4.8b | €2.5b | €472.6m | 13.8x | 10.2x | 1.9x |
| Thu, 31 Jul 2025 | €4.8b | €2.5b | €481.9m | 14.2x | 10x | 1.9x |
| Sat, 28 Jun 2025 | €4.8b | €2.5b | €482.3m | 14x | 10x | 1.9x |
| Mon, 26 May 2025 | €4.8b | €2.5b | €478.5m | 14.4x | 10.1x | 1.9x |
| Wed, 23 Apr 2025 | €4.9b | €2.5b | €469.0m | 14x | 10.4x | 2x |
| Fri, 21 Mar 2025 | €5.0b | €2.5b | €474.2m | 13.7x | 10.5x | 2x |
| Sun, 16 Feb 2025 | €4.8b | €2.5b | €465.7m | 13.8x | 10.4x | 2x |
| Tue, 14 Jan 2025 | €4.8b | €2.5b | €465.7m | 14x | 10.3x | 1.9x |
| Thu, 12 Dec 2024 | €4.8b | €2.5b | €456.9m | 14.3x | 10.4x | 1.9x |
| Sat, 09 Nov 2024 | €4.9b | €2.5b | €456.4m | 14.6x | 10.7x | 2x |
| Mon, 07 Oct 2024 | €4.8b | €2.5b | €462.3m | 14.5x | 10.5x | 1.9x |
| Wed, 04 Sep 2024 | €4.9b | €2.5b | €461.6m | 14.8x | 10.6x | 2x |
| Fri, 02 Aug 2024 | €4.9b | €2.4b | €468.2m | 14.2x | 10.4x | 2x |
| Sun, 30 Jun 2024 | €4.7b | €2.4b | €421.8m | 14.9x | 11.2x | 2x |
| Tue, 28 May 2024 | €4.7b | €2.4b | €427.8m | 15.2x | 11x | 2x |
| Thu, 25 Apr 2024 | €4.7b | €2.3b | €409.2m | 15.3x | 11.6x | 2x |
| Sat, 23 Mar 2024 | €4.7b | €2.2b | €434.8m | 15.2x | 10.8x | 2.1x |
| Mon, 19 Feb 2024 | €4.7b | €2.2b | €425.8m | 14.8x | 11x | 2.2x |
| Wed, 17 Jan 2024 | €4.8b | €2.2b | €426.1m | 15.3x | 11.2x | 2.2x |
| Fri, 15 Dec 2023 | €4.7b | €2.2b | €423.6m | 15.2x | 11x | 2.1x |
| Sun, 12 Nov 2023 | €4.6b | €2.2b | €422.6m | 13.2x | 10.9x | 2.1x |
| Tue, 10 Oct 2023 | €4.6b | €2.1b | €383.9m | 14.3x | 12x | 2.2x |
| Thu, 07 Sep 2023 | €4.7b | €2.2b | €387.0m | 15.4x | 12.3x | 2.2x |
| Sat, 05 Aug 2023 | €4.9b | €2.1b | €353.3m | 16.5x | 13.9x | 2.3x |
| Mon, 03 Jul 2023 | €4.8b | €1.9b | €194.9m | 17.6x | 24.6x | 2.5x |
| Wed, 31 May 2023 | €4.7b | €1.9b | €189.5m | 17x | 24.9x | 2.5x |
| Fri, 28 Apr 2023 | €4.6b | €1.8b | €171.6m | 19.3x | 26.7x | 2.6x |
| Sun, 26 Mar 2023 | €4.6b | €2.1b | €85.9m | 20.5x | 53x | 2.2x |
| Tue, 21 Feb 2023 | €4.6b | €2.1b | €53.3m | 21x | 85.7x | 2.2x |
| Thu, 19 Jan 2023 | €4.5b | €2.1b | €53.3m | 20.6x | 85.1x | 2.2x |
| Sat, 17 Dec 2022 | €4.5b | €2.1b | €54.0m | 20.9x | 83.6x | 2.2x |
| Mon, 14 Nov 2022 | €4.6b | €2.1b | €46.4m | 20.9x | 99.8x | 2.2x |
| Wed, 12 Oct 2022 | €4.7b | €1.6b | €34.2m | 24.6x | 137.4x | 3x |
| Fri, 09 Sep 2022 | €4.8b | €1.6b | €33.4m | 28.5x | 142.2x | 3.1x |
Price to Earnings Ratio
142.2x
Current Market PE
- Investors are pessimistic on the Maltese market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 10.2x which is lower than its 3-year average PE of 28.9x.
Past Earnings Growth
- The earnings for Maltese listed companies have grown 142% per year over the last three years.
- Revenues for these companies have grown 18% 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 Maltese Market?
| MT Market | -0.69% | |
| Energy | 4.76% | |
| Financials | 0.19% | |
| Consumer Staples | 0% | 0 |
| Telecom | 0% | 0 |
| Industrials | -0.80% | |
| Tech | -1.65% | |
| Consumer Discretionary | -2.36% | |
| Real Estate | -4.59% | |
Sector PE
- Investors favour the Consumer Discretionary sector the most for future growth which is trading above its 3-year average PE ratio.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 19.3x.
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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| MMS MAPFRE Middlesea | €1.43 | 6.7% +€8.3m | n/a | PE9.8x | Financials | |
| BOV Bank of Valletta | €1.90 | 0.5% +€6.4m | 24.4% | PB0.8x | Financials | |
| APS APS Bank | €0.56 | 2.7% +€5.7m | 13.0% | PB0.7x | Financials | |
| SFC Simonds Farsons Cisk | €6.25 | 1.6% +€3.6m | -8.8% | PE13.3x | Consumer Staples | |
| MDS MedservRegis | €0.44 | 4.8% +€2.0m | -2.2% | PE9x | Energy |
