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Portuguese (PSI) Market Analysis & Valuation

UpdatedMar 18, 2024
DataAggregated Company Financials
Companies45
  • 7D-2.3%
  • 3M-10.9%
  • 1Y-8.0%
  • YTD-11.7%

Over the last 7 days, the market has dropped 2.3%, driven by a decline of 5.6% in the Utilities sector. In contrast, the Energy sector has actually gained 4.9%. As for last year, the market is also down 8.0%. As for the next few years, earnings are expected to grow by 6.0% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Mar 2024€73.3b€102.5b€5.7b12.1x12.8x0.7x
Thu, 15 Feb 2024€75.0b€101.9b€5.6b12.1x13.3x0.7x
Sat, 13 Jan 2024€82.9b€103.1b€5.8b11.8x14.4x0.8x
Mon, 11 Dec 2023€83.8b€103.3b€5.8b11x14.5x0.8x
Wed, 08 Nov 2023€78.9b€104.7b€5.6b10.9x14.2x0.8x
Fri, 06 Oct 2023€72.3b€105.9b€5.5b9.8x13.1x0.7x
Sun, 03 Sep 2023€79.5b€106.0b€5.6b9.3x14.3x0.8x
Tue, 01 Aug 2023€80.3b€104.9b€5.3b10x15.2x0.8x
Thu, 29 Jun 2023€80.6b€106.6b€6.3b10.9x12.8x0.8x
Sat, 27 May 2023€79.4b€106.5b€6.3b9.8x12.6x0.7x
Mon, 24 Apr 2023€83.5b€105.8b€5.4b9.5x15.3x0.8x
Wed, 22 Mar 2023€79.7b€104.2b€5.6b9.3x14.3x0.8x
Fri, 17 Feb 2023€79.2b€102.7b€5.5b9.3x14.5x0.8x
Sun, 15 Jan 2023€81.8b€101.3b€5.1b9.3x16x0.8x
Tue, 13 Dec 2022€79.5b€101.3b€5.1b8.8x15.6x0.8x
Thu, 10 Nov 2022€80.0b€100.7b€5.0b9.2x15.9x0.8x
Sat, 08 Oct 2022€74.2b€93.5b€4.1b9.4x18.2x0.8x
Mon, 05 Sep 2022€83.0b€93.1b€4.0b11.4x20.6x0.9x
Wed, 03 Aug 2022€85.1b€90.7b€3.7b11.6x23x0.9x
Fri, 01 Jul 2022€80.5b€85.0b€2.7b13.2x29.3x0.9x
Sun, 29 May 2022€82.4b€84.7b€2.7b15.9x30.5x1x
Tue, 26 Apr 2022€80.7b€78.5b€2.9b17x27.5x1x
Thu, 24 Mar 2022€78.1b€78.3b€3.0b17.3x25.9x1x
Sat, 19 Feb 2022€72.2b€73.7b€2.9b15.2x24.8x1x
Mon, 17 Jan 2022€75.0b€73.5b€2.6b15.6x28.6x1x
Wed, 15 Dec 2021€75.2b€73.5b€2.6b15.9x28.7x1x
Fri, 12 Nov 2021€78.6b€73.2b€2.6b16.1x30.3x1.1x
Sun, 10 Oct 2021€74.3b€70.2b€2.8b15.6x26.3x1.1x
Tue, 07 Sep 2021€75.3b€70.2b€2.8b16.4x26.7x1.1x
Thu, 05 Aug 2021€70.9b€70.0b€2.8b15.9x25.1x1x
Sun, 09 May 2021€69.6b€66.7b€2.4b14.8x28.6x1x
Price to Earnings Ratio

28.1x


Total Market Cap: €68.5bTotal Earnings: €2.4bTotal Revenue: €66.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Portuguese Market Price to Earnings3Y Average 20.8x202220232024
Current Market PE
  • Investors are pessimistic on the Portuguese market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 12.8x which is lower than its 3-year average PE of 20.9x.
Past Earnings Growth
  • The earnings for Portuguese listed companies have grown 33% per year over the last three years.
  • Revenues for these companies have grown 15% 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 Portuguese Market?

PT Market-2.28%
Energy4.94%
Financials4.32%
Real Estate0.35%
Materials0.11%
Healthcare0%
Consumer Discretionary-0.39%
Telecom-0.39%
Tech-0.45%
Industrials-2.87%
Consumer Staples-3.63%
Utilities-5.61%
Sector PE
  • Investors favour the Utilities sector the most for future growth even though it's trading below its 3-year average PE ratio of 27.2x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 14.0% which is higher than its past year's earnings decline of 8.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 14% over the next 5 years.
  • This is better than its past earnings decline of 8.2% per year.
  • In contrast, the Energy sector is expected to see its earnings decline by 8.3% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
GALP Galp Energia SGPS€15.376.2%
+€691.9m
54.8%PE9.6xEnergy
BCP Banco Comercial Português€0.299.2%
+€373.3m
55.4%PB0.7xFinancials
ALTR Altri SGPS€4.754.0%
+€37.7m
2.5%PE15.4xMaterials
MAR Martifer SGPS€1.688.1%
+€12.2m
45.0%n/aIndustrials
IBS Ibersol S.G.P.S€6.601.5%
+€4.2m
-8.2%PE14.6xConsumer Discretionary
See more
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Market Insights

When we checked in on commodity markets in November there was a lot of red on the YTD returns table. Since then, the gold price has hit a new record and crude is back above $80...

Latest News

IBS

€6.60

Ibersol S.G.P.S

7D

1.5%

1Y

-8.2%

SON

€0.87

Sonae SGPS

7D

-1.1%

1Y

-8.4%

EGL

€4.83

Mota-Engil SGPS

7D

-3.9%

1Y

219.5%

SNC

€2.51

Sonaecom SGPS

7D

-4.6%

1Y

-0.8%

CDU

€27.40

Conduril - Engenharia

7D

3.0%

1Y

16.2%

BCP

€0.29

Banco Comercial Português

7D

9.2%

1Y

55.4%

MAR

€1.68

Martifer SGPS

7D

8.1%

1Y

45.0%

RAM

€6.76

Ramada Investimentos e Industria

7D

0.9%

1Y

-0.3%

SNG

€0.66

Sonagi S.G.P.S

7D

32.0%

1Y

n/a