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Maltese (MSE) Market Analysis & Valuation

UpdatedMay 31, 2023
DataAggregated Company Financials
Companies33
  • 7D1.9%
  • 3M2.4%
  • 1Y-1.8%
  • YTD6.3%

The market is up 1.0% over the last week, with the Financials sector leading the way, up 3.8%. Meanwhile, the Communication Services sector has underperformed, shrinking 3.3% in that time. In the last 12 months, the market has been flat.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 31 May 2023€4.7b€1.9b€189.5m17x24.9x2.5x
Fri, 28 Apr 2023€4.6b€1.8b€171.6m19.3x26.7x2.6x
Sun, 26 Mar 2023€4.6b€2.1b€85.9m20.5x53x2.2x
Tue, 21 Feb 2023€4.6b€2.1b€53.3m21x85.7x2.2x
Thu, 19 Jan 2023€4.5b€2.1b€53.3m20.6x85.1x2.2x
Sat, 17 Dec 2022€4.5b€2.1b€54.0m20.9x83.6x2.2x
Mon, 14 Nov 2022€4.6b€2.1b€46.4m20.9x99.8x2.2x
Wed, 12 Oct 2022€4.7b€1.6b€34.2m24.6x137.4x3x
Fri, 09 Sep 2022€4.8b€1.6b€33.4m28.5x142.2x3.1x
Sun, 07 Aug 2022€4.7b€1.5b€34.6m20.4x136.4x3.2x
Tue, 05 Jul 2022€4.8b€1.4b€95.1m20.3x50.3x3.4x
Thu, 02 Jun 2022€4.6b€1.7b€88.2m20.8x52.3x2.7x
Sat, 30 Apr 2022€4.6b€1.7b€77.9m21x58.8x2.7x
Mon, 28 Mar 2022€4.5b€1.5b-€11,720,033.0021.4x-382.8x3x
Wed, 23 Feb 2022€4.5b€1.5b€23.7m20.4x187.6x2.9x
Fri, 21 Jan 2022€4.4b€1.5b€19.5m22.3x223.9x2.9x
Sun, 19 Dec 2021€4.4b€1.5b€24.2m22.2x181x2.9x
Tue, 16 Nov 2021€4.4b€1.5b€23.2m24.7x191.7x2.9x
Thu, 14 Oct 2021€4.5b€1.5b€22.5m25.5x198.6x3x
Sat, 11 Sep 2021€4.4b€1.5b€18.9m25x234.4x3x
Mon, 09 Aug 2021€4.4b€1.5b€18.8m22.5x231.8x2.9x
Sun, 02 May 2021€4.5b€1.5b-€13,148,708.0025.8x-343.7x3.1x
Wed, 03 Feb 2021€4.5b€1.4b-€32,528,549.0025.1x-138.1x3.2x
Sat, 07 Nov 2020€3.9b€1.7b€7.1m25x543.9x2.3x
Fri, 31 Jul 2020€4.4b€1.9b€54.2m24x80.5x2.3x
Price to Earnings Ratio

29.1x


Total Market Cap: €4.5bTotal Earnings: €153.2mTotal Revenue: €2.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Maltese Market Price to Earnings3Y Average -2708x202120222023
Current Market PE
  • Investors are optimistic on the Maltese market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 24.8x which is higher than its 3-year average PE of -3kx.
Past Earnings Growth
  • The earnings for Maltese listed companies have grown 7.3% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.6% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, profits are increasing.

Sector Trends

Which sectors have driven the changes within the Maltese Market?

MT Market1.87%
Financials5.43%
Industrials0.97%
Tech0.41%
Energy0%
Materials0%
Consumer Discretionary0%
Healthcare0%
Utilities0%
Consumer Staples-0.015%
Real Estate-0.13%
Telecom-3.27%
Sector PE
  • Investors favour the Tech sector the most for future growth even though it's trading below its 3-year average PE ratio of 74.6x.
    • 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
BOV Bank of Valletta€1.188.3%
+€52.5m
32.6%PB0.6xFinancials
HSB HSBC Bank Malta€1.2010.1%
+€39.6m
55.8%PB0.9xFinancials
MIA Malta International Airport€5.550.9%
+€6.8m
-7.5%PE17.7xIndustrials
RS2 RS2 Software€1.121.8%
+€4.3m
-23.2%PE69.1xTech
PG PG€1.921.1%
+€2.2m
-14.3%PE17.4xConsumer Staples
See more
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Market Insights

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MZ

€0.68

M&Z

7D

-1.5%

1Y

n/a

RS2

€1.12

RS2 Software

7D

1.8%

1Y

-23.2%

SFC

€7.15

Simonds Farsons Cisk

7D

-0.7%

1Y

4.0%

MTP

€0.47

MaltaPost

7D

2.2%

1Y

-7.8%

BMIT

€0.42

BMIT Technologies

7D

-3.3%

1Y

-12.6%

HLI

€0.23

Hili Properties

7D

-0.9%

1Y

-5.8%

VBL

€0.21

VBL

7D

3.0%

1Y

-17.6%

BOV

€1.18

Bank of Valletta

7D

8.3%

1Y

32.6%

GO

€2.96

GO

7D

-3.3%

1Y

-6.9%

HSB

€1.20

HSBC Bank Malta

7D

10.1%

1Y

55.8%

MLT

€0.63

Malita Investments

7D

-1.6%

1Y

n/a

PG

€1.92

PG

7D

1.1%

1Y

-14.3%

APS

€0.59

APS Bank

7D

-1.7%

1Y

n/a