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Serbian (BELEX) Market Analysis & Valuation
UpdatedDec 23, 2024
DataAggregated Company Financials
Companies43
- 7D4.1%
- 3M-0.8%
- 1Y13.1%
- YTD15.3%
Over the last 7 days, the market has remained flat, although notably the Consumer Discretionary sector declined by 3.0%. Meanwhile, the market is actually up 13% over the past year. As for the next few years, earnings are forecast to decline by 12% per annum.
Market Valuation and Performance
Has the Serbian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 23 Dec 2024 | дин361.9b | дин557.0b | дин36.8b | 8.2x | 9.8x | 0.6x |
| Wed, 20 Nov 2024 | дин366.7b | дин557.1b | дин36.6b | 8x | 10x | 0.7x |
| Fri, 18 Oct 2024 | дин363.6b | дин574.8b | дин52.3b | 7.7x | 7x | 0.6x |
| Sun, 15 Sep 2024 | дин359.4b | дин572.8b | дин50.9b | 7.7x | 7.1x | 0.6x |
| Tue, 13 Aug 2024 | дин342.1b | дин572.7b | дин50.8b | 7.3x | 6.7x | 0.6x |
| Thu, 11 Jul 2024 | дин332.4b | дин541.1b | дин48.1b | 8x | 6.9x | 0.6x |
| Sat, 08 Jun 2024 | дин803.9b | дин567.0b | дин50.1b | 7.3x | 16x | 1.4x |
| Mon, 06 May 2024 | дин766.0b | дин541.0b | дин43.1b | 7.9x | 17.8x | 1.4x |
| Wed, 03 Apr 2024 | дин803.1b | дин575.7b | дин59.2b | 7.9x | 13.6x | 1.4x |
| Fri, 01 Mar 2024 | дин318.7b | дин570.6b | дин59.0b | 8.9x | 5.4x | 0.6x |
| Sun, 28 Jan 2024 | дин420.2b | дин635.2b | дин75.5b | 9.8x | 5.6x | 0.7x |
| Tue, 26 Dec 2023 | дин419.2b | дин635.2b | дин75.5b | 10.2x | 5.6x | 0.7x |
| Thu, 23 Nov 2023 | дин416.3b | дин635.2b | дин75.5b | 9.8x | 5.5x | 0.7x |
| Sat, 21 Oct 2023 | дин414.0b | дин630.8b | дин82.9b | 8.5x | 5x | 0.7x |
| Mon, 18 Sep 2023 | дин414.0b | дин625.2b | дин81.7b | 10x | 5.1x | 0.7x |
| Wed, 16 Aug 2023 | дин397.3b | дин626.5b | дин82.0b | 9.8x | 4.8x | 0.6x |
| Fri, 14 Jul 2023 | дин407.9b | дин674.5b | дин109.3b | 8.7x | 3.7x | 0.6x |
| Sun, 11 Jun 2023 | дин423.9b | дин678.4b | дин109.2b | 13.8x | 3.9x | 0.6x |
| Tue, 09 May 2023 | дин425.0b | дин647.3b | дин103.7b | 8.8x | 4.1x | 0.7x |
| Thu, 06 Apr 2023 | дин410.3b | дин628.8b | дин103.2b | 8.6x | 4x | 0.7x |
| Sat, 04 Mar 2023 | дин412.8b | дин628.8b | дин103.2b | 9.6x | 4x | 0.7x |
| Mon, 30 Jan 2023 | дин396.5b | дин627.4b | дин87.9b | 9.7x | 4.5x | 0.6x |
| Wed, 28 Dec 2022 | дин381.4b | дин664.4b | дин95.5b | 8.1x | 4x | 0.6x |
| Fri, 25 Nov 2022 | дин331.0b | дин580.5b | дин72.3b | 7.6x | 4.6x | 0.6x |
| Sun, 23 Oct 2022 | дин320.4b | дин584.8b | дин72.1b | 8.5x | 4.4x | 0.5x |
| Tue, 20 Sep 2022 | дин330.2b | дин583.2b | дин73.0b | 7.6x | 4.5x | 0.6x |
| Thu, 18 Aug 2022 | дин326.9b | дин583.7b | дин73.0b | 7.7x | 4.5x | 0.6x |
| Sat, 16 Jul 2022 | дин324.1b | дин510.9b | дин50.2b | 5.5x | 6.5x | 0.6x |
| Mon, 13 Jun 2022 | дин315.5b | дин516.9b | дин50.0b | 8.1x | 6.3x | 0.6x |
| Wed, 11 May 2022 | дин290.4b | дин454.9b | дин33.4b | 10.2x | 8.7x | 0.6x |
| Fri, 08 Apr 2022 | дин309.0b | дин449.8b | дин34.5b | 12.7x | 9x | 0.7x |
| Sun, 06 Mar 2022 | дин291.8b | дин449.6b | дин34.6b | 9.4x | 8.4x | 0.6x |
| Tue, 01 Feb 2022 | дин310.3b | дин401.0b | дин24.9b | 10.4x | 12.4x | 0.8x |
| Thu, 30 Dec 2021 | дин295.1b | дин401.0b | дин24.9b | 8.5x | 11.8x | 0.7x |
Price to Earnings Ratio
11.8x
Current Market PE
- Investors are optimistic on the Serbian market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 9.8x which is higher than its 3-year average PE of 6.9x.
Past Earnings Growth
- The earnings for Serbian listed companies have grown 14% per year over the last three years.
- Revenues for these companies have grown 12% 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 Serbian Market?
| RS Market | 4.14% | |
| Energy | 12.82% | |
| Materials | 1.82% | |
| Tech | 0.80% | |
| Real Estate | 0% | |
| Consumer Staples | 0% | |
| Healthcare | 0% | |
| Telecom | 0% | |
| Utilities | 0% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Industrials | -0.045% | |
| Financials | -2.12% | |
| Consumer Discretionary | -3.03% | |
Sector PE
- Investors favour the Industrials sector the most for future growth even though it's trading below its 3-year average PE ratio of 151x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Consumer Discretionary sector is the least preferred by investors for future growth, which is trading below its 3-year average of 6.9x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Energy sector.
- They expect its earnings to decline by only 12% per year over the next 5 years, which isn't as bad as the other sectors.
- This is an improvement from its past earnings decline of 61% per year.
- In contrast, the Energy sector is expected to see its earnings decline by 12% 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 | |
|---|---|---|---|---|---|---|
| TGAS Messer Tehnogas AD | дин35.44k | 2.2% +дин791.0m | 127.1% | PE8x | Materials | |
| AERO Aerodrom Nikola Tesla a.d | дин2.00k | 0.5% +дин349.7m | 15.2% | PE289.5x | Industrials | |
| IRTL Iritel a.d | дин1.35k | 3.9% +дин14.8m | 12.6% | n/a | Tech | |
| PLNM GP Planum AD | дин494.00 | 0.2% +дин414.1k | n/a | n/a | Industrials |
