Mota-Engil, SGPS, S.A.'s (ELI:EGL) Subdued P/E Might Signal An Opportunity
Jul 13
Portuguese (PSI) Market Analysis & Valuation
UpdatedJul 22, 2024
DataAggregated Company Financials
Companies47
- 7D1.0%
- 3M2.5%
- 1Y-2.2%
- YTD-4.2%
In the last week, the market has stayed flat, however the Financials sector stood out, gaining 3.3%. As for the longer term, the market has also been flat over the past year. Looking forward, earnings are forecast to grow by 5.9% annually.
Market Valuation and Performance
Has the Portuguese Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 22 Jul 2024 | €79.8b | €103.3b | €5.8b | 12.8x | 13.7x | 0.8x |
| Wed, 19 Jun 2024 | €78.2b | €103.2b | €5.8b | 12.4x | 13.5x | 0.8x |
| Fri, 17 May 2024 | €82.3b | €103.6b | €5.7b | 15.9x | 14.5x | 0.8x |
| Sun, 14 Apr 2024 | €74.6b | €102.6b | €5.8b | 10.3x | 12.9x | 0.7x |
| Tue, 12 Mar 2024 | €75.0b | €102.7b | €5.6b | 12.1x | 13.5x | 0.7x |
| Thu, 08 Feb 2024 | €76.5b | €103.0b | €5.8b | 12x | 13.3x | 0.7x |
| Sat, 06 Jan 2024 | €84.0b | €103.1b | €5.8b | 11.6x | 14.5x | 0.8x |
| Mon, 04 Dec 2023 | €82.5b | €103.3b | €5.8b | 11.6x | 14.2x | 0.8x |
| Wed, 01 Nov 2023 | €77.8b | €105.2b | €5.5b | 10x | 14.2x | 0.7x |
| Fri, 29 Sep 2023 | €76.2b | €105.9b | €5.5b | 9.9x | 13.8x | 0.7x |
| Sun, 27 Aug 2023 | €80.4b | €104.8b | €5.6b | 9.3x | 14.5x | 0.8x |
| Tue, 25 Jul 2023 | €81.4b | €106.5b | €6.3b | 9.5x | 13x | 0.8x |
| Thu, 22 Jun 2023 | €81.9b | €106.5b | €6.3b | 10x | 13x | 0.8x |
| Sat, 20 May 2023 | €82.0b | €106.2b | €6.2b | 10x | 13.3x | 0.8x |
| Mon, 17 Apr 2023 | €82.8b | €105.8b | €5.4b | 9.4x | 15.2x | 0.8x |
| Wed, 15 Mar 2023 | €80.4b | €104.2b | €5.5b | 9x | 14.6x | 0.8x |
| Fri, 10 Feb 2023 | €78.3b | €101.3b | €5.1b | 9.3x | 15.3x | 0.8x |
| Sun, 08 Jan 2023 | €80.2b | €101.3b | €5.1b | 8.9x | 15.7x | 0.8x |
| Tue, 06 Dec 2022 | €80.5b | €101.3b | €5.1b | 9x | 15.8x | 0.8x |
| Thu, 03 Nov 2022 | €77.6b | €98.4b | €4.8b | 9.2x | 16.2x | 0.8x |
| Sat, 01 Oct 2022 | €74.1b | €93.5b | €4.1b | 9.4x | 18.1x | 0.8x |
| Mon, 29 Aug 2022 | €87.2b | €92.8b | €4.0b | 11.4x | 21.6x | 0.9x |
| Wed, 27 Jul 2022 | €82.8b | €85.3b | €2.9b | 11.5x | 29x | 1x |
| Fri, 24 Jun 2022 | €78.8b | €85.0b | €2.7b | 13.5x | 28.9x | 0.9x |
| Sun, 22 May 2022 | €78.7b | €84.4b | €2.7b | 15.5x | 29.6x | 0.9x |
| Tue, 19 Apr 2022 | €82.6b | €78.4b | €2.9b | 17.9x | 28.2x | 1.1x |
| Thu, 17 Mar 2022 | €76.0b | €78.3b | €2.9b | 17.2x | 25.9x | 1x |
| Sat, 12 Feb 2022 | €71.3b | €73.6b | €2.6b | 16.3x | 26.9x | 1x |
| Mon, 10 Jan 2022 | €74.9b | €73.5b | €2.6b | 16.4x | 28.5x | 1x |
| Wed, 08 Dec 2021 | €76.4b | €73.5b | €2.6b | 16x | 29.1x | 1x |
| Fri, 05 Nov 2021 | €78.4b | €72.1b | €2.6b | 16.3x | 30.3x | 1.1x |
| Sun, 03 Oct 2021 | €75.0b | €70.2b | €2.8b | 16x | 26.6x | 1.1x |
| Tue, 31 Aug 2021 | €75.1b | €70.0b | €2.8b | 16.5x | 26.6x | 1.1x |
Price to Earnings Ratio
25.2x
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 13.7x which is lower than its 3-year average PE of 19.3x.
Past Earnings Growth
- The earnings for Portuguese listed companies have grown 27% per year over the last three years.
- Revenues for these companies have grown 14% 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 | 0.97% | |
| Financials | 3.32% | |
| Consumer Staples | 2.43% | |
| Tech | 2.10% | |
| Telecom | 1.82% | |
| Utilities | 1.16% | |
| Real Estate | 0.61% | |
| Consumer Discretionary | 0.54% | |
| Industrials | 0.11% | |
| Healthcare | 0% | |
| Materials | -0.11% | |
| Energy | -1.31% | |
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 26.7x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 12.8% which is higher than its past year's earnings decline of 27.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 19% over the next 5 years.
- This is better than its past earnings decline of 20% per year.
- In contrast, the Telecom sector is expected to see its earnings decline by 17% 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 | |
|---|---|---|---|---|---|---|
| EDPR EDP Renováveis | €13.83 | 3.1% +€436.7m | -22.1% | PE46.1x | Utilities | |
| EDP EDP | €3.66 | 2.8% +€407.8m | -14.5% | PE15.2x | Utilities | |
| JMT Jerónimo Martins SGPS | €19.81 | 2.9% +€345.6m | -26.2% | PE17.5x | Consumer Staples | |
| BCP Banco Comercial Português | €0.39 | 2.0% +€114.9m | 54.0% | PB0.9x | Financials | |
| NOS NOS S.G.P.S | €3.59 | 1.7% +€30.7m | 2.6% | PE7.4x | Telecom |
