Does IMPOL SEVAL Valjaonica Aluminijuma a.d (BELEX:IMPL) Have A Healthy Balance Sheet?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
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?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Mon, 23 May 2022 | дин290.0b | дин509.4b | дин47.2b | 8.2x |
| Wed, 20 Apr 2022 | дин302.2b | дин460.6b | дин34.5b | 10.1x |
| Fri, 18 Mar 2022 | дин289.4b | дин449.6b | дин34.6b | 9.6x |
| Sun, 13 Feb 2022 | дин311.9b | дин401.0b | дин24.9b | 10x |
| Tue, 11 Jan 2022 | дин293.3b | дин401.0b | дин24.9b | 9.3x |
| Thu, 09 Dec 2021 | дин287.9b | дин401.0b | дин24.9b | 8.4x |
| Sat, 06 Nov 2021 | дин291.4b | дин402.1b | дин24.7b | 8.4x |
| Mon, 04 Oct 2021 | дин300.3b | дин363.5b | дин19.2b | 13.1x |
| Wed, 01 Sep 2021 | дин840.8b | дин420.1b | дин25.3b | 11.4x |
| Thu, 08 Jul 2021 | дин837.6b | дин420.1b | дин25.3b | 11.4x |
| Wed, 31 Mar 2021 | дин832.6b | дин379.9b | дин11.9b | 12.6x |
| Sat, 02 Jan 2021 | дин822.8b | дин387.9b | дин8.9b | 12.5x |
| Tue, 06 Oct 2020 | дин789.7b | дин424.8b | дин15.2b | 12.2x |
| Fri, 10 Jul 2020 | дин781.1b | дин454.0b | дин21.8b | 16.7x |
| Thu, 02 Apr 2020 | дин709.2b | дин486.4b | дин35.5b | 14x |
| Sun, 05 Jan 2020 | дин773.2b | дин487.8b | дин38.0b | 9.9x |
| Wed, 09 Oct 2019 | дин708.4b | дин451.5b | дин84.0b | 10.3x |
| Tue, 02 Jul 2019 | дин693.2b | дин458.0b | дин86.6b | 7.2x |
Median PE Ratio
7.6x
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 Market | 0.97% | |
| Energy | 3.69% | |
| Materials | 3.31% | |
| Tech | 1.12% | |
| Financials | 0.93% | |
| Real Estate | 0% | |
| Healthcare | 0% | |
| Telecom | 0% | |
| Utilities | 0% | |
| 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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| NIIS Naftna Industrija Srbije a.d | дин562.00 | 3.7% +дин3.3b | -9.1% | PS2.7x | Energy | |
| DNOS Kompanija Dunav Osiguranje a.d.o | дин1.17k | 5.0% +дин850.6m | -67.5% | PS5.3x | Financials | |
| TGAS Messer Tehnogas AD | дин15.50k | 2.6% +дин414.7m | 10.9% | PS5.6x | Materials | |
| IMPL IMPOL SEVAL Valjaonica Aluminijuma a.d | дин4.20k | 10.5% +дин376.9m | 23.5% | PS4.7x | Materials | |
| AKDM Auto kuca 21. maj a.d | дин630.00 | n/a дин224.2m | n/a | n/a | Consumer Discretionary |
