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Serbian (BELEX) Market Analysis & Valuation

UpdatedMay 22, 2022
DataAggregated Company Financials
Companies66
  • 7D1.0%
  • 3M-10.6%
  • 1Y-5.3%
  • YTD-8.5%

In the last week, the market has stayed flat, however the Energy sector stood out, gaining 3.7%. The past year hasn't been profitable, with the market dropping 5.3%.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Mon, 23 May 2022дин290.0bдин509.4bдин47.2b8.2x
Wed, 20 Apr 2022дин302.2bдин460.6bдин34.5b10.1x
Fri, 18 Mar 2022дин289.4bдин449.6bдин34.6b9.6x
Sun, 13 Feb 2022дин311.9bдин401.0bдин24.9b10x
Tue, 11 Jan 2022дин293.3bдин401.0bдин24.9b9.3x
Thu, 09 Dec 2021дин287.9bдин401.0bдин24.9b8.4x
Sat, 06 Nov 2021дин291.4bдин402.1bдин24.7b8.4x
Mon, 04 Oct 2021дин300.3bдин363.5bдин19.2b13.1x
Wed, 01 Sep 2021дин840.8bдин420.1bдин25.3b11.4x
Thu, 08 Jul 2021дин837.6bдин420.1bдин25.3b11.4x
Wed, 31 Mar 2021дин832.6bдин379.9bдин11.9b12.6x
Sat, 02 Jan 2021дин822.8bдин387.9bдин8.9b12.5x
Tue, 06 Oct 2020дин789.7bдин424.8bдин15.2b12.2x
Fri, 10 Jul 2020дин781.1bдин454.0bдин21.8b16.7x
Thu, 02 Apr 2020дин709.2bдин486.4bдин35.5b14x
Sun, 05 Jan 2020дин773.2bдин487.8bдин38.0b9.9x
Wed, 09 Oct 2019дин708.4bдин451.5bдин84.0b10.3x
Tue, 02 Jul 2019дин693.2bдин458.0bдин86.6b7.2x
Median PE Ratio

7.6x


Total Market Cap: дин660.9bTotal Earnings: дин88.2bTotal Revenue: дин441.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Serbian Market Median PE3Y Average 11.5x202020212022
Current Market PE
  • Investors are relatively neutral on the market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 11.5x.
Past Earnings Growth
  • The earnings for Serbian listed companies have declined 19% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.9% 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, which has decreased profits.

Sector Trends

Which sectors have driven the changes within the Serbian Market?

RS Market0.97%
Energy3.69%
Materials3.31%
Tech1.12%
Financials0.93%
Real Estate0%
Healthcare0%
Telecom0%
Utilities0%
Consumer Staples-0.88%
Industrials-2.65%
Consumer Discretionary-3.22%
Sector PE
  • Investors are most optimistic about the Healthcare sector, which is trading close to its 3-year average PE ratio of 24.2x.
  • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Energy sector, which is trading below its 3-year average of 8.4x.
Forecasted GrowthThere is insufficient data in this market to determine future earnings growth rates.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
NIIS Naftna Industrija Srbije a.dдин562.003.7%
+дин3.3b
-9.1%PS2.7xEnergy
DNOS Kompanija Dunav Osiguranje a.d.oдин1.17k5.0%
+дин850.6m
-67.5%PS5.3xFinancials
TGAS Messer Tehnogas ADдин15.50k2.6%
+дин414.7m
10.9%PS5.6xMaterials
IMPL IMPOL SEVAL Valjaonica Aluminijuma a.dдин4.20k10.5%
+дин376.9m
23.5%PS4.7xMaterials
AKDM Auto kuca 21. maj a.dдин630.00n/a
дин224.2m
n/an/aConsumer Discretionary
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