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Romanian (BET) Market Analysis & Valuation

UpdatedMar 19, 2024
DataAggregated Company Financials
Companies112
  • 7D0.5%
  • 3M3.4%
  • 1Y24.2%
  • YTD5.1%

Over the last 7 days, the market has remained flat, although notably the Materials sector declined by 3.0%. As for the longer term, the market has risen 24% in the past 12 months. Looking forward, earnings are expected to remain mostly flat in the next few years.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Mar 2024RON224.2bRON148.5bRON23.4b12.3x9.6x1.5x
Thu, 15 Feb 2024RON214.6bRON150.9bRON23.8b11.2x9x1.4x
Sat, 13 Jan 2024RON217.4bRON156.3bRON23.4b11.5x9.3x1.4x
Mon, 11 Dec 2023RON207.6bRON157.8bRON23.8b11.1x8.7x1.3x
Wed, 08 Nov 2023RON200.2bRON161.5bRON24.1b10.4x8.3x1.2x
Fri, 06 Oct 2023RON197.2bRON167.1bRON26.9b10.2x7.3x1.2x
Sun, 03 Sep 2023RON187.5bRON166.9bRON27.0b9.5x6.9x1.1x
Tue, 01 Aug 2023RON198.3bRON168.9bRON28.8b9.7x6.9x1.2x
Thu, 29 Jun 2023RON137.6bRON164.9bRON27.2b8.9x5.1x0.8x
Sat, 27 May 2023RON140.9bRON165.5bRON27.2b9.2x5.2x0.9x
Mon, 24 Apr 2023RON142.4bRON166.7bRON27.3b9.8x5.2x0.9x
Wed, 22 Mar 2023RON137.7bRON162.4bRON26.0b9.8x5.3x0.8x
Fri, 17 Feb 2023RON141.8bRON160.7bRON27.0b10.2x5.2x0.9x
Sun, 15 Jan 2023RON137.8bRON152.4bRON27.3b9.8x5x0.9x
Tue, 13 Dec 2022RON137.9bRON152.9bRON27.3b9.4x5x0.9x
Thu, 10 Nov 2022RON129.0bRON147.4bRON27.8b9.2x4.6x0.9x
Sat, 08 Oct 2022RON123.0bRON137.4bRON24.0b9.5x5.1x0.9x
Mon, 05 Sep 2022RON131.6bRON135.9bRON24.0b9.6x5.5x1x
Wed, 03 Aug 2022RON140.2bRON123.4bRON17.7b10.4x7.9x1.1x
Fri, 01 Jul 2022RON139.5bRON115.6bRON15.2b10.5x9.2x1.2x
Sun, 29 May 2022RON138.4bRON115.2bRON16.9b11.4x8.2x1.2x
Tue, 26 Apr 2022RON146.0bRON103.0bRON16.2b12.6x9x1.4x
Thu, 24 Mar 2022RON139.4bRON102.9bRON16.2b12x8.6x1.4x
Sat, 19 Feb 2022RON145.0bRON95.5bRON14.8b13x9.8x1.5x
Mon, 17 Jan 2022RON146.0bRON89.6bRON13.3b13.6x11x1.6x
Wed, 15 Dec 2021RON132.3bRON87.9bRON13.2b13.2x10x1.5x
Fri, 12 Nov 2021RON136.3bRON84.1bRON11.8b13.7x11.6x1.6x
Sun, 10 Oct 2021RON135.3bRON81.5bRON10.8b14.5x12.5x1.7x
Tue, 07 Sep 2021RON128.2bRON80.9bRON10.6b14.3x12.1x1.6x
Thu, 05 Aug 2021RON122.2bRON80.9bRON10.6b13.6x11.6x1.5x
Sun, 09 May 2021RON117.4bRON75.7bRON10.3b13.3x11.4x1.6x
Price to Earnings Ratio

11.2x


Total Market Cap: RON114.9bTotal Earnings: RON10.3bTotal Revenue: RON75.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Romanian Market Price to Earnings3Y Average 8.3x202220232024
Current Market PE
  • Investors are optimistic on the Romanian market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 9.6x which is higher than its 3-year average PE of 8.3x.
Past Earnings Growth
  • The earnings for Romanian listed companies have grown 32% per year over the last three years.
  • Revenues for these companies have grown 25% 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 Market0.50%
Energy2.15%
Financials0.43%
Telecom0.40%
Real Estate0.19%
Industrials-0.087%
Utilities-0.11%
Consumer Discretionary-0.23%
Consumer Staples-0.28%
Healthcare-1.07%
Tech-1.54%
Materials-3.02%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 0.11x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 34.5% which is higher than its past year's earnings decline of 20.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 34% over the next 5 years.
  • This is better than its past earnings decline of 21% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 32% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
SNP OMV PetromRON0.652.6%
+RON1.0b
35.9%PE10.1xEnergy
SNG SNGN RomgazRON52.001.8%
+RON346.9m
31.1%PE7.1xEnergy
LION Lion CapitalRON2.916.6%
+RON91.2m
17.8%PE4.5xFinancials
EL Societatea Energetica ElectricaRON12.401.8%
+RON74.7m
47.8%PE6.8xUtilities
BRD BRD - Groupe Société GénéraleRON19.960.5%
+RON69.7m
66.9%PB1.6xFinancials
See more
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Market Insights

When we checked in on commodity markets in November there was a lot of red on the YTD returns table. Since then, the gold price has hit a new record and crude is back above $80...

Latest News

CRC

RON15.05

Chimcomplex

7D

-5.9%

1Y

-27.3%

ARS

RON9.30

Aerostar

7D

-2.1%

1Y

24.8%

H2O

RON127.80

S.P.E.E.H. Hidroelectrica

7D

-0.2%

1Y

n/a

ROC1

RON8.70

Roca Industry Holdingrock1

7D

0%

1Y

-13.0%

EL

RON12.40

Societatea Energetica Electrica

7D

1.8%

1Y

47.8%

TTS

RON26.20

TTS (Transport Trade Services)

7D

2.7%

1Y

118.3%

SNG

RON52.00

SNGN Romgaz

7D

1.8%

1Y

31.1%

SOCP

RON2.14

SOCEP

7D

-5.3%

1Y

146.0%

TLV

RON26.92

Banca Transilvania

7D

-0.3%

1Y

59.6%

SCD

RON3.10

Zentiva

7D

-3.1%

1Y

55.0%

FP

RON0.49

Fondul Proprietatea

7D

0%

1Y

-76.6%

BRD

RON19.96

BRD - Groupe Société Générale

7D

0.5%

1Y

66.9%

INFINITY

RON1.89

Infinity Capital Investments

7D

4.7%

1Y

8.9%

SNP

RON0.65

OMV Petrom

7D

2.6%

1Y

35.9%

LION

RON2.91

Lion Capital

7D

6.6%

1Y

17.8%