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Portuguese (PSI) Market Analysis & Valuation

UpdatedMay 22, 2022
DataAggregated Company Financials
Companies42
  • 7D3.5%
  • 3M8.9%
  • 1Y8.7%
  • YTD1.1%

The market is up 3.5% over the last week, with the Utilities sector leading the way, up 6.6%. On the other hand, with a decline of 4.3%, the Consumer Staples sector is lagging behind. In the last year, the market has climbed 8.7%. As for the next few years, earnings are expected to grow by 9.7% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Mon, 23 May 2022€78.7b€84.4b€2.7b15.5x
Wed, 20 Apr 2022€82.2b€77.6b€2.9b18x
Fri, 18 Mar 2022€77.1b€78.3b€2.9b17.5x
Sun, 13 Feb 2022€71.3b€73.6b€2.6b16.3x
Tue, 11 Jan 2022€74.4b€73.5b€2.6b16.2x
Thu, 09 Dec 2021€76.7b€73.5b€2.6b15.9x
Sat, 06 Nov 2021€77.6b€72.1b€2.6b16.3x
Mon, 04 Oct 2021€75.0b€70.2b€2.8b16x
Wed, 01 Sep 2021€76.1b€70.0b€2.8b16.7x
Thu, 08 Jul 2021€68.6b€69.9b€2.8b15.2x
Wed, 31 Mar 2021€68.5b€66.7b€2.4b13.2x
Sat, 02 Jan 2021€69.4b€65.2b€1.8b15.9x
Tue, 06 Oct 2020€55.7b€67.8b€1.7b18.3x
Fri, 10 Jul 2020€57.6b€72.1b€1.7b16.8x
Thu, 02 Apr 2020€53.8b€76.3b€2.6b12.6x
Sun, 05 Jan 2020€63.2b€76.1b€3.2b15.2x
Wed, 09 Oct 2019€60.3b€75.6b€3.5b15.3x
Tue, 02 Jul 2019€59.4b€75.4b€3.5b14.6x
Median PE Ratio

14.8x


Total Market Cap: €58.4bTotal Earnings: €3.5bTotal Revenue: €74.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Portuguese Market Median PE3Y Average 15.5x202020212022
Current Market PE
  • Investors are relatively neutral on the market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 15.5x.
Past Earnings Growth
  • The earnings for Portuguese listed companies have declined 8.3% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.1% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Sector Trends

Which sectors have driven the changes within the Portuguese Market?

PT Market3.53%
Healthcare87.50%
Financials12.64%
Utilities6.57%
Tech3.60%
Telecom3.57%
Energy3.23%
Industrials2.23%
Consumer Discretionary1.65%
Real Estate0%
Materials-0.67%
Consumer Staples-4.26%
Sector PE
  • Investors are most optimistic about the Financials sector which is trading above its 3-year average PE ratio of 26.4x.
  • Analysts are expecting annual earnings growth of 36%, which is lower than the prior year's growth of 115% per year.
  • This could indicate that the market believes that analysts are underestimating future growth.
  • Investors are most pessimistic about the Telecom sector, which is trading below its 3-year average of 6.4x.
Forecasted Growth
  • Analysts are most optimistic on the Financials sector, expecting annual earnings growth of 36% over the next 5 years.
  • However this is lower than its past earnings growth rate of 115% per year.
  • In contrast, the Materials industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
EDPR EDP Renováveis€21.806.9%
+€1.4b
11.5%PS30.6xUtilities
EDP EDP - Energias de Portugal€4.666.9%
+€1.2b
-1.6%PS45.9xUtilities
BCP Banco Comercial Português€0.1712.8%
+€293.2m
3.9%PB0.5xFinancials
GALP Galp Energia SGPS€10.873.2%
+€281.9m
9.0%PS0.5xEnergy
NVG Navigator Company€4.074.3%
+€119.5m
32.6%PS16.9xMaterials
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ALTR

€5.42

Altri SGPS

7D

-16.7%

1Y

-13.6%