Potential Upside For Transilvania Investments Alliance S.A. (BVB:TRANSI) Not Without Risk
Feb 22
Romanian (BET) Financials Sector Analysis
UpdatedApr 17, 2024
DataAggregated Company Financials
Companies12
- 7D-1.7%
- 3M12.9%
- 1Y16.5%
- YTD14.2%
Over the last 7 days, the Financials industry has dropped 2.4%, driven by a pullback from BRD - Groupe Société Générale of 6.0%. In the past year, the industry has gained 16%. As for the next few years, earnings are expected to grow by 5.1% per annum.
Sector Valuation and Performance
Has the Romanian Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 17 Apr 2024 | RON42.1b | RON12.8b | RON5.4b | 8.6x | 7.8x | 3.3x |
| Fri, 15 Mar 2024 | RON40.4b | RON12.7b | RON5.4b | 9.4x | 7.4x | 3.2x |
| Sun, 11 Feb 2024 | RON37.3b | RON12.4b | RON5.3b | 11.2x | 7x | 3x |
| Tue, 09 Jan 2024 | RON36.5b | RON12.2b | RON5.2b | 11.2x | 7x | 3x |
| Thu, 07 Dec 2023 | RON35.5b | RON12.2b | RON5.2b | 10.5x | 6.8x | 2.9x |
| Sat, 04 Nov 2023 | RON34.5b | RON11.6b | RON4.8b | 11x | 7.2x | 3x |
| Mon, 02 Oct 2023 | RON33.3b | RON11.5b | RON4.8b | 11.2x | 7x | 2.9x |
| Wed, 30 Aug 2023 | RON41.3b | RON13.9b | RON6.9b | 7.7x | 6x | 3x |
| Fri, 28 Jul 2023 | RON40.7b | RON13.5b | RON6.7b | 7.7x | 6.1x | 3x |
| Sun, 25 Jun 2023 | RON37.1b | RON13.5b | RON6.7b | 7.8x | 5.5x | 2.8x |
| Tue, 23 May 2023 | RON38.7b | RON13.5b | RON6.7b | 8.3x | 5.8x | 2.9x |
| Thu, 20 Apr 2023 | RON38.8b | RON13.6b | RON7.0b | 7.9x | 5.5x | 2.9x |
| Sat, 18 Mar 2023 | RON38.4b | RON13.6b | RON7.1b | 7.8x | 5.4x | 2.8x |
| Mon, 13 Feb 2023 | RON40.5b | RON15.6b | RON9.3b | 7.1x | 4.4x | 2.6x |
| Wed, 11 Jan 2023 | RON41.5b | RON15.6b | RON9.4b | 7.5x | 4.4x | 2.7x |
| Fri, 09 Dec 2022 | RON41.4b | RON15.6b | RON9.3b | 8.5x | 4.4x | 2.6x |
| Sun, 06 Nov 2022 | RON35.3b | RON17.5b | RON11.3b | 6.3x | 3.1x | 2x |
| Tue, 04 Oct 2022 | RON34.4b | RON17.5b | RON11.3b | 6.1x | 3x | 2x |
| Thu, 01 Sep 2022 | RON39.3b | RON14.9b | RON9.1b | 7.2x | 4.3x | 2.6x |
| Sat, 30 Jul 2022 | RON39.0b | RON14.5b | RON8.8b | 7.2x | 4.4x | 2.7x |
| Mon, 27 Jun 2022 | RON41.2b | RON14.5b | RON8.8b | 7.2x | 4.7x | 2.8x |
| Wed, 25 May 2022 | RON41.8b | RON14.5b | RON8.9b | 7.2x | 4.7x | 2.9x |
| Fri, 22 Apr 2022 | RON45.3b | RON14.4b | RON9.1b | 9.3x | 5x | 3.1x |
| Sun, 20 Mar 2022 | RON45.8b | RON14.6b | RON9.1b | 9.4x | 5x | 3.1x |
| Tue, 15 Feb 2022 | RON48.5b | RON12.9b | RON7.6b | 9.9x | 6.4x | 3.7x |
| Thu, 13 Jan 2022 | RON47.1b | RON12.9b | RON7.6b | 10.1x | 6.2x | 3.6x |
| Sat, 11 Dec 2021 | RON44.2b | RON12.9b | RON7.6b | 10.3x | 5.8x | 3.4x |
| Mon, 08 Nov 2021 | RON45.1b | RON11.2b | RON6.1b | 10.6x | 7.4x | 4x |
| Wed, 06 Oct 2021 | RON46.1b | RON11.2b | RON6.1b | 11.2x | 7.5x | 4.1x |
| Fri, 03 Sep 2021 | RON46.4b | RON11.0b | RON5.9b | 10.9x | 7.9x | 4.2x |
| Sun, 01 Aug 2021 | RON44.6b | RON11.0b | RON5.9b | 10.7x | 7.6x | 4x |
| Wed, 05 May 2021 | RON40.4b | RON10.7b | RON5.7b | 11.7x | 7.1x | 3.8x |
Price to Earnings Ratio
7.1x
Current Industry PE
- Investors are optimistic on the Romanian Financials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 7.8x which is higher than its 3-year average PE of 5.9x.
- The industry is trading close to its 3-year average PS ratio of 3.1x.
Past Earnings Growth
- The earnings for companies in the Financials industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 6.1% 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 and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Romanian Financials sector?
| RO Market | -1.76% | |
| Financials | -1.67% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Diversified Financial | 0% | |
| Consumer Finance | 0% | |
| Insurance | 0% | |
| Capital Markets | -0.62% | |
| Banks | -1.88% | |
Industry PE
- Investors are most optimistic about the Insurance industry which is trading above its 3-year average PE ratio of 11.4x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Capital Markets industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 4.9x.
Forecasted Growth
- Analysts are most optimistic on the Banks industry, expecting annual earnings growth of 5.1% over the next 5 years.
- However this is lower than its past earnings growth rate of 23% per year.
- In contrast, the Banks industry is expected to see its earnings grow by 5.1% 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 | |
|---|---|---|---|---|---|
| TLV Banca Transilvania | RON28.60 | 0.7% +RON159.3m | 64.6% | PB1.7x | |
| LION Lion Capital | RON2.95 | 2.1% +RON30.4m | 22.4% | PE4.5x | |
| PBK Patria Bank | RON0.084 | 1.8% +RON4.9m | -6.7% | PB0.7x | |
| BVB Bursa de Valori Bucuresti | RON65.00 | 0.2% +RON803.9k | 38.0% | PE21.2x | |
| BRK SSIF BRK Financial Group | RON0.13 | 0.8% +RON337.4k | 1.6% | PS1.9x |