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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| 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 |
| Sun, 07 Aug 2022 | €4.7b | €1.5b | €34.6m | 20.4x | 136.4x | 3.2x |
| Tue, 05 Jul 2022 | €4.8b | €1.4b | €95.1m | 20.3x | 50.3x | 3.4x |
| Thu, 02 Jun 2022 | €4.6b | €1.7b | €88.2m | 20.8x | 52.3x | 2.7x |
| Sat, 30 Apr 2022 | €4.6b | €1.7b | €77.9m | 21x | 58.8x | 2.7x |
| Mon, 28 Mar 2022 | €4.5b | €1.5b | -€11,720,033.00 | 21.4x | -382.8x | 3x |
| Wed, 23 Feb 2022 | €4.5b | €1.5b | €23.7m | 20.4x | 187.6x | 2.9x |
| Fri, 21 Jan 2022 | €4.4b | €1.5b | €19.5m | 22.3x | 223.9x | 2.9x |
| Sun, 19 Dec 2021 | €4.4b | €1.5b | €24.2m | 22.2x | 181x | 2.9x |
| Tue, 16 Nov 2021 | €4.4b | €1.5b | €23.2m | 24.7x | 191.7x | 2.9x |
| Thu, 14 Oct 2021 | €4.5b | €1.5b | €22.5m | 25.5x | 198.6x | 3x |
| Sat, 11 Sep 2021 | €4.4b | €1.5b | €18.9m | 25x | 234.4x | 3x |
| Mon, 09 Aug 2021 | €4.4b | €1.5b | €18.8m | 22.5x | 231.8x | 2.9x |
| Sun, 02 May 2021 | €4.5b | €1.5b | -€13,148,708.00 | 25.8x | -343.7x | 3.1x |
| Wed, 03 Feb 2021 | €4.5b | €1.4b | -€32,528,549.00 | 25.1x | -138.1x | 3.2x |
| Sat, 07 Nov 2020 | €3.9b | €1.7b | €7.1m | 25x | 543.9x | 2.3x |
| Fri, 31 Jul 2020 | €4.4b | €1.9b | €54.2m | 24x | 80.5x | 2.3x |
Price to Earnings Ratio
29.1x
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 Market | 1.87% | |
| Financials | 5.43% | |
| Industrials | 0.97% | |
| Tech | 0.41% | |
| Energy | 0% | |
| Materials | 0% | |
| Consumer Discretionary | 0% | |
| Healthcare | 0% | |
| Utilities | 0% | |
| 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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| BOV Bank of Valletta | €1.18 | 8.3% +€52.5m | 32.6% | PB0.6x | Financials | |
| HSB HSBC Bank Malta | €1.20 | 10.1% +€39.6m | 55.8% | PB0.9x | Financials | |
| MIA Malta International Airport | €5.55 | 0.9% +€6.8m | -7.5% | PE17.7x | Industrials | |
| RS2 RS2 Software | €1.12 | 1.8% +€4.3m | -23.2% | PE69.1x | Tech | |
| PG PG | €1.92 | 1.1% +€2.2m | -14.3% | PE17.4x | Consumer Staples |
Market Insights
The best luxury goods are typically “better quality” than their cheaper counterparts in the sense that they are more durable...
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