Should You Investigate Semapa - Sociedade de Investimento e Gestão, SGPS, S.A. (ELI:SEM) At €14.10?
Nov 06
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Portuguese (PSI) Market Analysis & Valuation
UpdatedNov 06, 2024
DataAggregated Company Financials
Companies46
- 7D1.5%
- 3M-3.2%
- 1Y-4.6%
- YTD-9.8%
The market has climbed 1.5% in the last 7 days, lead by the Consumer Staples sector with a gain of 7.9%. In contrast, the market has seen a decline of 4.6% over the last 12 months. Earnings are forecast to grow by 4.2% 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 |
|---|---|---|---|---|---|---|
| Thu, 07 Nov 2024 | €75.3b | €104.8b | €6.4b | 11.6x | 11.8x | 0.7x |
| Sat, 05 Oct 2024 | €78.1b | €105.0b | €6.4b | 12.3x | 12.1x | 0.7x |
| Mon, 02 Sep 2024 | €79.0b | €104.9b | €6.5b | 12.4x | 12.2x | 0.8x |
| Wed, 31 Jul 2024 | €78.0b | €104.7b | €6.1b | 12.7x | 12.8x | 0.7x |
| Fri, 28 Jun 2024 | €77.4b | €103.2b | €5.8b | 13.1x | 13.4x | 0.7x |
| Sun, 26 May 2024 | €81.5b | €103.9b | €5.7b | 13.6x | 14.2x | 0.8x |
| Tue, 23 Apr 2024 | €73.8b | €102.6b | €5.8b | 11x | 12.7x | 0.7x |
| Thu, 21 Mar 2024 | €72.8b | €102.5b | €5.7b | 12.7x | 12.7x | 0.7x |
| Sat, 17 Feb 2024 | €76.0b | €101.9b | €5.6b | 11.9x | 13.5x | 0.7x |
| Mon, 15 Jan 2024 | €82.9b | €103.1b | €5.8b | 11.8x | 14.4x | 0.8x |
| Wed, 13 Dec 2023 | €81.8b | €103.3b | €5.8b | 11x | 14.1x | 0.8x |
| Fri, 10 Nov 2023 | €79.0b | €104.7b | €5.6b | 10.9x | 14.2x | 0.8x |
| Sun, 08 Oct 2023 | €72.7b | €105.8b | €5.5b | 9.8x | 13.2x | 0.7x |
| Tue, 05 Sep 2023 | €79.4b | €106.0b | €5.6b | 9.3x | 14.3x | 0.7x |
| Thu, 03 Aug 2023 | €78.1b | €104.9b | €5.3b | 9.9x | 14.8x | 0.7x |
| Sat, 01 Jul 2023 | €80.3b | €106.6b | €6.3b | 9.6x | 12.7x | 0.8x |
| Mon, 29 May 2023 | €79.4b | €106.5b | €6.3b | 9.8x | 12.6x | 0.7x |
| Wed, 26 Apr 2023 | €83.0b | €105.9b | €5.5b | 9.5x | 15.1x | 0.8x |
| Fri, 24 Mar 2023 | €78.8b | €104.2b | €5.6b | 9.3x | 14.2x | 0.8x |
| Sun, 19 Feb 2023 | €79.3b | €103.0b | €5.5b | 9.3x | 14.3x | 0.8x |
| Tue, 17 Jan 2023 | €81.5b | €101.3b | €5.1b | 9.3x | 15.9x | 0.8x |
| Thu, 15 Dec 2022 | €80.3b | €101.3b | €5.1b | 8.8x | 15.7x | 0.8x |
| Sat, 12 Nov 2022 | €78.3b | €100.9b | €5.0b | 9.2x | 15.6x | 0.8x |
| Mon, 10 Oct 2022 | €74.3b | €93.5b | €4.1b | 9.4x | 18.2x | 0.8x |
| Wed, 07 Sep 2022 | €82.7b | €93.1b | €4.0b | 11.4x | 20.5x | 0.9x |
| Fri, 05 Aug 2022 | €84.3b | €92.7b | €4.0b | 11.6x | 21.2x | 0.9x |
| Sun, 03 Jul 2022 | €81.9b | €85.0b | €2.7b | 12.9x | 29.8x | 1x |
| Tue, 31 May 2022 | €82.9b | €84.9b | €2.7b | 16.1x | 30.5x | 1x |
| Thu, 28 Apr 2022 | €79.9b | €78.5b | €2.9b | 16.7x | 27.2x | 1x |
| Sat, 26 Mar 2022 | €78.9b | €78.3b | €3.0b | 17.8x | 26.2x | 1x |
| Mon, 21 Feb 2022 | €72.2b | €75.5b | €2.7b | 15.2x | 26.5x | 1x |
| Wed, 19 Jan 2022 | €74.9b | €73.5b | €2.6b | 15.3x | 28.6x | 1x |
| Fri, 17 Dec 2021 | €75.7b | €73.5b | €2.6b | 16x | 28.9x | 1x |
| Sun, 14 Nov 2021 | €78.9b | €73.2b | €2.6b | 16.2x | 30.4x | 1.1x |
Price to Earnings Ratio
30.4x
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 11.8x which is lower than its 3-year average PE of 17.9x.
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 13% 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 | 1.46% | |
| Consumer Staples | 7.87% | |
| Financials | 7.32% | |
| Industrials | 1.46% | |
| Energy | 1.44% | |
| Consumer Discretionary | 0.65% | |
| Real Estate | 0% | |
| Healthcare | 0% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Utilities | -0.97% | |
| Tech | -0.99% | |
| Materials | -2.77% | |
| Telecom | -3.00% | |
Sector PE
- Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 7.8x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 18.6% which is higher than its past year's earnings decline of 9.6% 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 9.6% per year.
- In contrast, the Telecom sector is expected to see its earnings decline by 15% 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 | €17.93 | 8.6% +€892.4m | -19.6% | PE17.7x | Consumer Staples | |
| BCP Banco Comercial Português | €0.45 | 5.6% +€359.7m | 58.7% | PB1x | Financials | |
| MCP Grupo Média Capital SGPS | €2.00 | 16.3% +€23.7m | 100.0% | PE69x | Telecom | |
| CTT CTT - Correios De Portugal | €4.29 | 4.1% +€23.1m | 21.5% | PE11.1x | Industrials | |
| SON Sonae SGPS | €0.91 | 1.0% +€17.4m | -3.1% | PE4.7x | Consumer Staples |
