Return Trends At Gosa Fom a.d (BELEX:GFOM) Aren't Appealing
Jan 21
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Serbian (BELEX) Market Analysis & Valuation
UpdatedJan 22, 2025
DataAggregated Company Financials
Companies44
- 7D0.8%
- 3M-4.1%
- 1Y13.8%
- YTD-1.9%
In the last week, the market has stayed flat, however the Industrials sector stood out, gaining 4.1%. As for the longer term, the market has risen 14% in the past 12 months. 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 |
|---|---|---|---|---|---|---|
| Wed, 22 Jan 2025 | дин359.0b | дин564.9b | дин37.0b | 8.2x | 9.7x | 0.6x |
| Fri, 20 Dec 2024 | дин359.0b | дин557.0b | дин36.8b | 8.2x | 9.8x | 0.6x |
| Sun, 17 Nov 2024 | дин367.4b | дин558.3b | дин36.6b | 7.9x | 10x | 0.7x |
| Tue, 15 Oct 2024 | дин364.3b | дин574.8b | дин52.3b | 7.7x | 7x | 0.6x |
| Thu, 12 Sep 2024 | дин359.0b | дин572.9b | дин51.4b | 7.7x | 7x | 0.6x |
| Sat, 10 Aug 2024 | дин339.3b | дин572.7b | дин50.8b | 7.3x | 6.7x | 0.6x |
| Mon, 08 Jul 2024 | дин333.3b | дин543.1b | дин48.2b | 7.5x | 6.9x | 0.6x |
| Wed, 05 Jun 2024 | дин806.9b | дин567.0b | дин50.1b | 7.4x | 16.1x | 1.4x |
| Fri, 03 May 2024 | дин766.0b | дин536.6b | дин43.0b | 7.9x | 17.8x | 1.4x |
| Sun, 31 Mar 2024 | дин337.0b | дин575.7b | дин59.2b | 8.1x | 5.7x | 0.6x |
| Tue, 27 Feb 2024 | дин319.4b | дин570.6b | дин59.0b | 8x | 5.4x | 0.6x |
| Thu, 25 Jan 2024 | дин420.4b | дин635.2b | дин75.5b | 9.8x | 5.6x | 0.7x |
| Sat, 23 Dec 2023 | дин419.0b | дин635.2b | дин75.5b | 10.2x | 5.6x | 0.7x |
| Mon, 20 Nov 2023 | дин414.1b | дин635.2b | дин75.5b | 9.8x | 5.5x | 0.7x |
| Wed, 18 Oct 2023 | дин418.7b | дин630.8b | дин82.9b | 8.5x | 5.1x | 0.7x |
| Fri, 15 Sep 2023 | дин413.0b | дин625.1b | дин81.7b | 10.2x | 5.1x | 0.7x |
| Sun, 13 Aug 2023 | дин400.4b | дин626.3b | дин82.0b | 9.8x | 4.9x | 0.6x |
| Tue, 11 Jul 2023 | дин405.7b | дин677.1b | дин109.2b | 11.1x | 3.7x | 0.6x |
| Thu, 08 Jun 2023 | дин423.8b | дин678.4b | дин109.2b | 13.8x | 3.9x | 0.6x |
| Sat, 06 May 2023 | дин422.6b | дин626.9b | дин99.4b | 8.8x | 4.3x | 0.7x |
| Mon, 03 Apr 2023 | дин413.6b | дин628.8b | дин103.2b | 8.8x | 4x | 0.7x |
| Wed, 01 Mar 2023 | дин409.3b | дин628.8b | дин103.2b | 8.6x | 4x | 0.7x |
| Fri, 27 Jan 2023 | дин391.6b | дин627.4b | дин87.9b | 9.5x | 4.5x | 0.6x |
| Sun, 25 Dec 2022 | дин332.3b | дин640.1b | дин90.8b | 7x | 3.7x | 0.5x |
| Tue, 22 Nov 2022 | дин327.9b | дин580.5b | дин72.3b | 7.6x | 4.5x | 0.6x |
| Thu, 20 Oct 2022 | дин318.4b | дин584.8b | дин72.1b | 8.5x | 4.4x | 0.5x |
| Sat, 17 Sep 2022 | дин330.5b | дин583.2b | дин73.0b | 7.6x | 4.5x | 0.6x |
| Mon, 15 Aug 2022 | дин328.2b | дин583.7b | дин73.0b | 7.6x | 4.5x | 0.6x |
| Wed, 13 Jul 2022 | дин324.5b | дин510.9b | дин50.2b | 5.7x | 6.5x | 0.6x |
| Fri, 10 Jun 2022 | дин316.5b | дин513.8b | дин47.5b | 8.1x | 6.7x | 0.6x |
| Sun, 08 May 2022 | дин288.4b | дин456.1b | дин33.3b | 12.2x | 8.7x | 0.6x |
| Tue, 05 Apr 2022 | дин305.3b | дин448.4b | дин34.6b | 11.4x | 8.8x | 0.7x |
| Thu, 03 Mar 2022 | дин297.2b | дин449.6b | дин34.6b | 9.5x | 8.6x | 0.7x |
| Sat, 29 Jan 2022 | дин309.1b | дин401.0b | дин24.9b | 10.2x | 12.4x | 0.8x |
Price to Earnings Ratio
12.4x
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 9.7x which is higher than its 3-year average PE of 6.8x.
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 | 0.80% | |
| Industrials | 4.07% | |
| Consumer Discretionary | 0.49% | |
| Energy | 0% | 0 |
| Real Estate | 0% | 0 |
| Healthcare | 0% | 0 |
| Tech | 0% | 0 |
| Telecom | 0% | 0 |
| Utilities | 0% | 0 |
| Information Technology | 0% | 0 |
| Financials | 0% | 0 |
| Health Care | 0% | 0 |
| Industrials | 0% | 0 |
| Consumer Staples | -0.0031% | |
| Materials | -0.021% | |
| Financials | -2.72% | |
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 153x.
- 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 6.8x.
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 | |
|---|---|---|---|---|---|---|
| AERO Aerodrom Nikola Tesla a.d | дин2.09k | 4.0% +дин2.8b | 19.5% | PE302.7x | Industrials | |
| ENHL Energoprojekt Holding a.d | дин450.00 | 19.4% +дин790.9m | 32.4% | PS0.5x | Industrials | |
| LSTA Lasta a.d | дин319.00 | 10.0% +дин66.7m | n/a | n/a | Industrials | |
| TIGR Tigar a.d | дин16.00 | 14.3% +дин21.8m | n/a | n/a | Consumer Discretionary | |
| TGAS Messer Tehnogas AD | дин35.50k | 0.01% +дин5.2m | 119.1% | PE8x | Materials |