Philip Morris Operations a.d. Nis' (BELEX:DINN) Price Is Out Of Tune With Earnings
Jul 23
Serbian (BELEX) Market Analysis & Valuation
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies36
- 7D2.1%
- 3M-2.5%
- 1Y5.6%
- YTD8.8%
The market has climbed 2.1% in the last 7 days, lead by the Consumer Staples sector with a gain of 13%. In the last year, the market has climbed 5.6%. Earnings are forecast to grow by 5.3% annually.
Market Valuation and Performance
Has the Serbian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | дин339.8b | дин544.5b | дин48.6b | 8.3x | 7x | 0.6x |
| Sun, 23 Jun 2024 | дин334.4b | дин567.5b | дин50.1b | 7.5x | 6.7x | 0.6x |
| Tue, 21 May 2024 | дин759.9b | дин544.7b | дин43.8b | 7.5x | 17.3x | 1.4x |
| Thu, 18 Apr 2024 | дин764.2b | дин545.8b | дин52.8b | 9.4x | 14.5x | 1.4x |
| Sat, 16 Mar 2024 | дин330.3b | дин574.0b | дин59.2b | 8.4x | 5.6x | 0.6x |
| Mon, 12 Feb 2024 | дин316.3b | дин569.0b | дин59.1b | 7.1x | 5.4x | 0.6x |
| Wed, 10 Jan 2024 | дин419.4b | дин635.2b | дин75.5b | 9.8x | 5.6x | 0.7x |
| Fri, 08 Dec 2023 | дин417.6b | дин635.2b | дин75.5b | 10.2x | 5.5x | 0.7x |
| Sun, 05 Nov 2023 | дин417.6b | дин635.1b | дин75.4b | 9.1x | 5.5x | 0.7x |
| Tue, 03 Oct 2023 | дин413.3b | дин630.8b | дин82.9b | 8.8x | 5x | 0.7x |
| Thu, 31 Aug 2023 | дин408.5b | дин627.2b | дин82.0b | 10.2x | 5x | 0.7x |
| Sat, 29 Jul 2023 | дин402.0b | дин675.6b | дин108.4b | 12.9x | 3.7x | 0.6x |
| Mon, 26 Jun 2023 | дин407.9b | дин677.8b | дин109.2b | 13.7x | 3.7x | 0.6x |
| Wed, 24 May 2023 | дин423.7b | дин648.3b | дин103.6b | 10.2x | 4.1x | 0.7x |
| Fri, 21 Apr 2023 | дин414.2b | дин628.8b | дин103.2b | 8.4x | 4x | 0.7x |
| Sun, 19 Mar 2023 | дин415.5b | дин628.8b | дин103.2b | 9x | 4x | 0.7x |
| Tue, 14 Feb 2023 | дин401.7b | дин628.5b | дин87.9b | 8.9x | 4.6x | 0.6x |
| Thu, 12 Jan 2023 | дин388.9b | дин626.6b | дин87.9b | 8.3x | 4.4x | 0.6x |
| Sat, 10 Dec 2022 | дин331.7b | дин648.0b | дин90.8b | 7.8x | 3.7x | 0.5x |
| Mon, 07 Nov 2022 | дин322.7b | дин580.1b | дин72.0b | 8.5x | 4.5x | 0.6x |
| Wed, 05 Oct 2022 | дин326.5b | дин584.8b | дин72.1b | 8.5x | 4.5x | 0.6x |
| Fri, 02 Sep 2022 | дин327.8b | дин582.4b | дин72.9b | 7.8x | 4.5x | 0.6x |
| Sun, 31 Jul 2022 | дин323.0b | дин511.2b | дин50.2b | 5.8x | 6.4x | 0.6x |
| Tue, 28 Jun 2022 | дин321.7b | дин515.6b | дин50.2b | 6.1x | 6.4x | 0.6x |
| Thu, 26 May 2022 | дин559.9b | дин513.8b | дин47.5b | 9.8x | 11.8x | 1.1x |
| Sat, 23 Apr 2022 | дин291.7b | дин460.6b | дин34.5b | 10.1x | 8.5x | 0.6x |
| Mon, 21 Mar 2022 | дин287.0b | дин449.6b | дин34.6b | 9.7x | 8.3x | 0.6x |
| Wed, 16 Feb 2022 | дин312.2b | дин402.2b | дин27.7b | 10x | 11.3x | 0.8x |
| Fri, 14 Jan 2022 | дин295.6b | дин401.0b | дин24.9b | 10x | 11.9x | 0.7x |
| Sun, 12 Dec 2021 | дин286.6b | дин401.0b | дин24.9b | 8.4x | 11.5x | 0.7x |
| Tue, 09 Nov 2021 | дин295.4b | дин402.1b | дин24.7b | 8.4x | 12x | 0.7x |
| Thu, 07 Oct 2021 | дин299.8b | дин363.5b | дин19.2b | 13.1x | 15.6x | 0.8x |
| Sat, 04 Sep 2021 | дин842.3b | дин420.1b | дин25.3b | 11.4x | 33.2x | 2x |
| Mon, 02 Aug 2021 | дин834.7b | дин420.1b | дин25.3b | 11.3x | 32.9x | 2x |
Price to Earnings Ratio
32.9x
Current Market PE
- Investors are pessimistic on the Serbian market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 7.0x which is lower than its 3-year average PE of 8.3x.
Past Earnings Growth
- The earnings for Serbian listed companies have grown 24% per year over the last three years.
- Revenues for these companies have grown 9.0% 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 | 2.06% | |
| Consumer Staples | 13.25% | |
| Materials | 1.58% | |
| Financials | 0.90% | |
| Industrials | 0.20% | |
| Real Estate | 0% | |
| Healthcare | 0% | |
| Telecom | 0% | |
| Utilities | 0% | |
| Tech | -0.23% | |
| Energy | -0.25% | |
| Consumer Discretionary | -2.90% | |
Sector PE
- Investors favour the Industrials sector the most for future growth, which is trading above its 3-year average PE ratio of 143x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Energy sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 3.7x.
Forecasted Growth
- Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 5.3% over the next 5 years.
- This is better than its past earnings decline of 61% per year.
- In contrast, the Energy sector is expected to see its earnings grow by 5.3% 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 | |
|---|---|---|---|---|---|---|
| DINN Philip Morris Operations a.d. Nis | дин8.00k | 14.2% +дин6.5b | n/a | PE8.3x | Consumer Staples | |
| NIIS Naftna Industrija Srbije a.d | дин800.00 | 0.5% +дин652.2m | 14.9% | PE3.7x | Energy | |
| TGAS Messer Tehnogas AD | дин25.02k | 2.1% +дин534.1m | n/a | PE7.2x | Materials | |
| DNOS Kompanija Dunav Osiguranje a.d.o | дин1.12k | 1.7% +дин280.5m | 10.8% | PE6.8x | Financials | |
| MTLC Metalac a.d. Gornji Milanovac | дин1.72k | 4.0% +дин127.6m | 7.5% | PE4.9x | Consumer Discretionary |
