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Tunisian (TUNINDEX) Market Analysis & Valuation

UpdatedJun 07, 2023
DataAggregated Company Financials
Companies78
  • 7D0.3%
  • 3M4.7%
  • 1Y10.1%
  • YTD5.1%

Over the last 7 days, the market has remained flat, although notably the Communication Services sector declined by 4.8%. As for the longer term, the market has risen 10% in the past 12 months. As for the next few years, earnings are expected to grow by 3.1% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 07 Jun 2023د.ت25.2bد.ت20.6bد.ت2.4b9.7x10.7x1.2x
Fri, 05 May 2023د.ت24.5bد.ت20.2bد.ت2.4b10x10.4x1.2x
Sun, 02 Apr 2023د.ت24.1bد.ت19.6bد.ت2.2b9.7x11.1x1.2x
Tue, 28 Feb 2023د.ت22.2bد.ت19.5bد.ت2.2b9.8x10.2x1.1x
Thu, 26 Jan 2023د.ت22.5bد.ت19.5bد.ت2.2b9.9x10.4x1.2x
Sat, 24 Dec 2022د.ت22.3bد.ت19.2bد.ت2.2b9.2x10.3x1.2x
Mon, 21 Nov 2022د.ت22.4bد.ت19.1bد.ت2.2b9.8x10.4x1.2x
Wed, 19 Oct 2022د.ت22.9bد.ت19.1bد.ت2.2b9.9x10.6x1.2x
Fri, 16 Sep 2022د.ت23.0bد.ت18.1bد.ت2.2b9.8x10.4x1.3x
Sun, 14 Aug 2022د.ت22.4bد.ت17.3bد.ت2.2b10.1x10.3x1.3x
Tue, 12 Jul 2022د.ت21.7bد.ت17.3bد.ت2.2b9.9x10x1.3x
Thu, 09 Jun 2022د.ت21.2bد.ت17.6bد.ت2.2b10.2x9.8x1.2x
Sat, 07 May 2022د.ت21.9bد.ت16.8bد.ت2.1b10.6x10.4x1.3x
Mon, 04 Apr 2022د.ت21.7bد.ت16.4bد.ت1.8b11.5x11.7x1.3x
Wed, 02 Mar 2022د.ت21.9bد.ت16.2bد.ت1.8b11.7x12.2x1.3x
Fri, 28 Jan 2022د.ت22.2bد.ت16.1bد.ت1.8b11.7x12.5x1.4x
Sun, 26 Dec 2021د.ت21.5bد.ت16.2bد.ت1.8b11.5x12.2x1.3x
Tue, 23 Nov 2021د.ت21.9bد.ت15.5bد.ت1.7b12.2x12.6x1.4x
Thu, 21 Oct 2021د.ت21.9bد.ت15.5bد.ت1.7b12.2x12.5x1.4x
Sat, 18 Sep 2021د.ت21.9bد.ت15.4bد.ت1.7b11.6x12.7x1.4x
Mon, 16 Aug 2021د.ت20.5bد.ت16.3bد.ت1.6b12x12.8x1.3x
Mon, 31 May 2021د.ت21.2bد.ت16.0bد.ت1.6b12.7x13.5x1.3x
Thu, 04 Mar 2021د.ت20.4bد.ت15.8bد.ت1.5b13.3x13.2x1.3x
Sun, 06 Dec 2020د.ت20.5bد.ت15.7bد.ت1.8b13x11.3x1.3x
Wed, 09 Sep 2020د.ت20.6bد.ت15.6bد.ت1.8b12.9x11.6x1.3x
Price to Earnings Ratio

11.4x


Total Market Cap: د.ت20.3bTotal Earnings: د.ت1.8bTotal Revenue: د.ت15.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Tunisian Market Price to Earnings3Y Average 11.7x202120222023
Current Market PE
  • Investors are relatively neutral on the Tunisian 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 11.7x.
Past Earnings Growth
  • The earnings for Tunisian listed companies have grown 9.9% per year over the last three years.
  • Revenues for these companies have grown 9.7% 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 Tunisian Market?

TN Market0.27%
Materials2.07%
Consumer Discretionary1.98%
Healthcare1.63%
Energy0.64%
Financials0.45%
Real Estate0.25%
Tech0.24%
Utilities0%
Industrials-0.30%
Consumer Staples-0.96%
Telecom-4.84%
Sector PE
    • The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 7.2x.
    Forecasted Growth
    • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 38% over the next 5 years.
    • This is better than its past earnings decline of 10% per year.
    • In contrast, the Financials sector is expected to see its earnings decline by 2.5% per year over the next few years.

    Top Stock Gainers and Losers

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

    CompanyLast Price7D1YValuationSector
    SFBT Société de Fabrication des Boissons de Tunisie Société Anonymeد.ت14.102.3%
    +د.ت79.2m
    -6.0%PE13.6xConsumer Staples
    UBCI Union Bancaire pour le Commerce et L'Industrie Société anonymeد.ت21.944.5%
    +د.ت18.8m
    9.4%PB0.9xFinancials
    DH Délice Holdingد.ت12.002.6%
    +د.ت16.5m
    -19.9%PE8.4xConsumer Staples
    MAG Societe Magasin Generalد.ت11.2912.9%
    +د.ت14.8m
    -24.1%PS0.1xConsumer Discretionary
    OTH One Tech Holdingد.ت8.062.2%
    +د.ت13.7m
    5.6%PE47xIndustrials
    See more
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    Latest News

    OTH

    د.ت8.06

    One Tech Holding

    7D

    2.2%

    1Y

    5.6%

    MAG

    د.ت11.29

    Societe Magasin General

    7D

    12.9%

    1Y

    -24.1%

    DH

    د.ت12.00

    Délice Holding

    7D

    2.6%

    1Y

    -19.9%

    SOTUV

    د.ت12.30

    Societe Tunisienne de Verreries

    7D

    2.5%

    1Y

    79.5%

    BIAT

    د.ت91.99

    Banque Internationale Arabe de Tunisie Société anonyme

    7D

    -0.3%

    1Y

    32.2%

    AB

    د.ت33.89

    Amen Bank Société anonyme

    7D

    -0.5%

    1Y

    42.1%

    BH

    د.ت13.70

    BH Bank Société anonyme

    7D

    1.9%

    1Y

    36.9%

    ATB

    د.ت3.14

    Arab Tunisian Bank

    7D

    -0.9%

    1Y

    18.5%

    PGH

    د.ت7.70

    Poulina Group Holding

    7D

    -1.3%

    1Y

    -22.2%

    BNA

    د.ت8.34

    Banque Nationale Agricole Société anonyme

    7D

    -1.9%

    1Y

    0.6%