Is SNGN Romgaz (BVB:SNG) Using Too Much Debt?
Oct 01
Romanian (BET) Market Analysis & Valuation
UpdatedOct 02, 2023
DataAggregated Company Financials
Companies84
- 7D-0.3%
- 3M4.4%
- 1Y21.1%
- YTD9.5%
The market has been flat over the last week. More promisingly, the market is up 21% over the past year. In the next few years, earnings are forecast to decline by 3.6% annually.
Trending IndustriesOil and Gas
Market Valuation and Performance
Has the Romanian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 03 Oct 2023 | RON199.6b | RON166.9b | RON26.8b | 10.2x | 7.4x | 1.2x |
| Thu, 31 Aug 2023 | RON198.1b | RON168.2b | RON29.0b | 10.1x | 6.8x | 1.2x |
| Sat, 29 Jul 2023 | RON198.8b | RON175.0b | RON32.2b | 9.7x | 6.2x | 1.1x |
| Mon, 26 Jun 2023 | RON136.5b | RON164.8b | RON27.2b | 8.9x | 5x | 0.8x |
| Wed, 24 May 2023 | RON140.5b | RON165.4b | RON27.3b | 9.3x | 5.1x | 0.8x |
| Fri, 21 Apr 2023 | RON141.7b | RON166.8b | RON27.3b | 9.8x | 5.2x | 0.8x |
| Sun, 19 Mar 2023 | RON136.0b | RON159.7b | RON25.2b | 10.3x | 5.4x | 0.9x |
| Tue, 14 Feb 2023 | RON142.0b | RON160.6b | RON27.0b | 10.1x | 5.3x | 0.9x |
| Thu, 12 Jan 2023 | RON138.4b | RON152.5b | RON27.3b | 9.7x | 5.1x | 0.9x |
| Sat, 10 Dec 2022 | RON138.3b | RON152.9b | RON27.3b | 9.5x | 5.1x | 0.9x |
| Mon, 07 Nov 2022 | RON123.7b | RON147.8b | RON27.8b | 9.5x | 4.5x | 0.8x |
| Wed, 05 Oct 2022 | RON123.6b | RON137.0b | RON24.0b | 9.3x | 5.2x | 0.9x |
| Fri, 02 Sep 2022 | RON131.9b | RON133.7b | RON21.8b | 9.7x | 6.1x | 1x |
| Sun, 31 Jul 2022 | RON140.3b | RON116.1b | RON15.2b | 10.4x | 9.2x | 1.2x |
| Tue, 28 Jun 2022 | RON141.4b | RON115.4b | RON15.3b | 10.4x | 9.3x | 1.2x |
| Thu, 26 May 2022 | RON136.7b | RON114.5b | RON17.0b | 11.6x | 8x | 1.2x |
| Sat, 23 Apr 2022 | RON146.0b | RON102.9b | RON16.2b | 12.6x | 9x | 1.4x |
| Mon, 21 Mar 2022 | RON141.6b | RON102.9b | RON16.2b | 11.4x | 8.7x | 1.4x |
| Wed, 16 Feb 2022 | RON146.8b | RON95.2b | RON14.6b | 13x | 10.1x | 1.5x |
| Fri, 14 Jan 2022 | RON144.2b | RON89.6b | RON13.3b | 13.5x | 10.9x | 1.6x |
| Sun, 12 Dec 2021 | RON134.6b | RON87.9b | RON13.2b | 13.1x | 10.2x | 1.5x |
| Tue, 09 Nov 2021 | RON138.0b | RON84.0b | RON11.8b | 13.6x | 11.7x | 1.6x |
| Thu, 07 Oct 2021 | RON133.5b | RON81.6b | RON10.8b | 14x | 12.3x | 1.6x |
| Sat, 04 Sep 2021 | RON128.7b | RON80.9b | RON10.6b | 14.3x | 12.2x | 1.6x |
| Mon, 02 Aug 2021 | RON122.7b | RON80.9b | RON10.6b | 13.6x | 11.6x | 1.5x |
| Thu, 06 May 2021 | RON117.4b | RON75.7b | RON10.3b | 13.3x | 11.4x | 1.6x |
| Sun, 07 Feb 2021 | RON96.9b | RON72.3b | RON6.7b | 13.3x | 14.4x | 1.3x |
| Sat, 31 Oct 2020 | RON84.6b | RON70.7b | RON7.2b | 10.9x | 11.8x | 1.2x |
Price to Earnings Ratio
12.6x
Current Market PE
- Investors are pessimistic on the Romanian market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 7.4x which is lower than its 3-year average PE of 8.9x.
Past Earnings Growth
- The earnings for Romanian listed companies have grown 55% per year over the last three years.
- Revenues for these companies have grown 33% 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 Romanian Market?
| RO Market | -0.26% | |
| Industrials | 2.90% | |
| Healthcare | 2.68% | |
| Telecom | 2.22% | |
| Consumer Staples | 1.45% | |
| Real Estate | 1.25% | |
| Materials | 1.17% | |
| Consumer Discretionary | 1.04% | |
| Utilities | 1.04% | |
| Tech | -0.17% | |
| Financials | -1.36% | |
| Energy | -2.47% | |
Sector PE
- Investors favour the Tech sector the most for future growth which is trading above its 3-year average PE ratio.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 11.5x.
Forecasted Growth
- Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 102% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Telecom sector is expected to see its earnings decline by 44% 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 | |
|---|---|---|---|---|---|---|
| SNN S.N. Nuclearelectrica | RON49.05 | 4.4% +RON618.4m | 13.5% | PE5.2x | Utilities | |
| SNG SNGN Romgaz | RON44.65 | 1.4% +RON231.3m | 10.7% | PE6.9x | Energy | |
| TGN S.N.T.G.N. Transgaz | RON19.06 | 3.7% +RON128.1m | 30.3% | PE14.7x | Utilities | |
| EL Societatea Energetica Electrica | RON9.84 | 3.5% +RON112.1m | 56.7% | PE4x | Utilities | |
| ONE One United Properties | RON0.98 | 2.9% +RON103.7m | 12.6% | PE9.2x | Real Estate |
Market Insights
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