Is Sonagi S.G.P.S (ELI:SNG) Using Too Much Debt?
May 27
Portuguese (PSI) Market Analysis & Valuation
UpdatedMay 31, 2023
DataAggregated Company Financials
Companies47
- 7D-3.5%
- 3M-1.4%
- 1Y-7.1%
- YTD-3.8%
Over the last 7 days, the market has dropped 3.5%, driven by a loss of 4.0% in the Utilities sector. In contrast, the Real Estate sector has actually gained 7.8%. The market has dropped 7.1% in the last year. As for the next few years, earnings are expected to grow by 3.9% per annum.
Market Valuation and Performance
Has the Portuguese Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 31 May 2023 | €78.9b | €106.5b | €6.3b | 9.8x | 12.5x | 0.7x |
| Fri, 28 Apr 2023 | €83.8b | €106.0b | €5.5b | 9.3x | 15.3x | 0.8x |
| Sun, 26 Mar 2023 | €78.0b | €105.6b | €5.6b | 9.3x | 13.9x | 0.7x |
| Tue, 21 Feb 2023 | €79.4b | €103.0b | €5.5b | 9.3x | 14.3x | 0.8x |
| Thu, 19 Jan 2023 | €80.8b | €101.3b | €5.1b | 9x | 15.8x | 0.8x |
| Sat, 17 Dec 2022 | €78.5b | €101.3b | €5.1b | 8.4x | 15.4x | 0.8x |
| Mon, 14 Nov 2022 | €78.3b | €100.9b | €5.1b | 9.1x | 15.3x | 0.8x |
| Wed, 12 Oct 2022 | €72.7b | €93.5b | €4.1b | 9.6x | 17.9x | 0.8x |
| Fri, 09 Sep 2022 | €84.1b | €93.1b | €4.0b | 11.1x | 20.8x | 0.9x |
| Sun, 07 Aug 2022 | €84.6b | €92.8b | €4.0b | 11.7x | 21.3x | 0.9x |
| Tue, 05 Jul 2022 | €81.6b | €85.0b | €2.7b | 12.8x | 29.7x | 1x |
| Thu, 02 Jun 2022 | €81.6b | €84.9b | €2.7b | 15.7x | 30x | 1x |
| Sat, 30 Apr 2022 | €80.0b | €78.5b | €2.9b | 17.1x | 27.2x | 1x |
| Mon, 28 Mar 2022 | €78.9b | €78.3b | €3.0b | 17.8x | 26.2x | 1x |
| Wed, 23 Feb 2022 | €70.1b | €75.5b | €2.7b | 15.2x | 25.7x | 0.9x |
| Fri, 21 Jan 2022 | €76.5b | €73.5b | €2.6b | 15.4x | 29.2x | 1x |
| Sun, 19 Dec 2021 | €75.8b | €73.5b | €2.6b | 16x | 28.9x | 1x |
| Tue, 16 Nov 2021 | €79.6b | €73.2b | €2.6b | 16.6x | 30.6x | 1.1x |
| Thu, 14 Oct 2021 | €76.8b | €70.2b | €2.8b | 16.4x | 27.5x | 1.1x |
| Sat, 11 Sep 2021 | €74.0b | €70.2b | €2.8b | 16x | 26.2x | 1.1x |
| Mon, 09 Aug 2021 | €71.0b | €70.0b | €2.8b | 16.1x | 25.2x | 1x |
| Sun, 02 May 2021 | €69.6b | €66.7b | €2.4b | 14.8x | 28.6x | 1x |
| Wed, 03 Feb 2021 | €68.3b | €65.2b | €1.8b | 15.3x | 37.1x | 1x |
| Sat, 07 Nov 2020 | €56.0b | €67.8b | €1.7b | 15.5x | 33x | 0.8x |
| Fri, 31 Jul 2020 | €56.8b | €72.1b | €1.7b | 14.7x | 33.5x | 0.8x |
Price to Earnings Ratio
22.3x
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 12.5x which is lower than its 3-year average PE of 26.4x.
Past Earnings Growth
- The earnings for Portuguese listed companies have grown 35% per year over the last three years.
- Revenues for these companies have grown 12% 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 | -3.47% | |
| Healthcare | 20.71% | |
| Real Estate | 7.84% | |
| Consumer Discretionary | 0.75% | |
| Consumer Staples | -0.17% | |
| Tech | -0.74% | |
| Industrials | -2.40% | |
| Telecom | -2.94% | |
| Utilities | -3.97% | |
| Financials | -4.58% | |
| Materials | -5.89% | |
| Energy | -6.02% | |
Sector PE
- Investors favour the Industrials sector the most for future growth even though it's trading below its 3-year average PE ratio of 47.1x.
- Analysts are expecting annual earnings growth of 18.0%, which is lower than the prior year's growth of 29.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 22% over the next 5 years.
- However this is lower than its past earnings growth rate of 64% per year.
- In contrast, the Materials sector is expected to see its earnings decline by 21% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| JMT Jerónimo Martins SGPS | €22.78 | 0.2% +€25.1m | 19.5% | PE22.3x | Consumer Staples | |
| SNG Sonagi S.G.P.S | €7.00 | 16.7% +€10.0m | 100.0% | PS15.1x | Real Estate | |
| MLFMV Farminveste S.G.P.S | €1.69 | 20.7% +€5.8m | -19.5% | PE6.8x | Healthcare | |
| ESON Estoril Sol SGPS | €7.85 | 4.7% +€4.2m | 42.7% | PE2.9x | Consumer Discretionary | |
| IBS Ibersol S.G.P.S | €7.04 | 0.9% +€2.5m | 9.3% | PE17.9x | Consumer Discretionary |
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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