Tunisian (TUNINDEX) Market Analysis & Valuation
UpdatedMay 22, 2022
DataAggregated Company Financials
Companies76
- 7D-0.3%
- 3M-2.9%
- 1Y-7.5%
- YTD-0.7%
In the last week, the market has stayed flat, however the Communication Services sector stood out, gaining 6.2%. The past year hasn't been profitable, with the market dropping 7.5%. Earnings are forecast to be flat in the coming years.
Market Valuation and Performance
Has the Tunisian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Mon, 23 May 2022 | د.ت21.6b | د.ت17.5b | د.ت2.2b | 10.2x |
| Wed, 20 Apr 2022 | د.ت21.8b | د.ت16.6b | د.ت1.9b | 10.8x |
| Fri, 18 Mar 2022 | د.ت21.8b | د.ت16.2b | د.ت1.8b | 12.6x |
| Sun, 13 Feb 2022 | د.ت22.2b | د.ت16.1b | د.ت1.8b | 11.8x |
| Tue, 11 Jan 2022 | د.ت21.8b | د.ت16.1b | د.ت1.8b | 11.3x |
| Thu, 09 Dec 2021 | د.ت21.7b | د.ت15.6b | د.ت1.7b | 11.8x |
| Sat, 06 Nov 2021 | د.ت21.7b | د.ت15.6b | د.ت1.7b | 12.4x |
| Mon, 04 Oct 2021 | د.ت22.1b | د.ت15.5b | د.ت1.8b | 11.9x |
| Wed, 01 Sep 2021 | د.ت22.1b | د.ت16.6b | د.ت1.7b | 12.1x |
| Thu, 08 Jul 2021 | د.ت20.5b | د.ت16.3b | د.ت1.6b | 12x |
| Wed, 31 Mar 2021 | د.ت22.0b | د.ت16.0b | د.ت1.6b | 12.8x |
| Sat, 02 Jan 2021 | د.ت20.9b | د.ت15.8b | د.ت1.5b | 12.7x |
| Tue, 06 Oct 2020 | د.ت20.2b | د.ت15.7b | د.ت1.8b | 13.7x |
| Fri, 10 Jul 2020 | د.ت20.3b | د.ت15.6b | د.ت1.8b | 13.6x |
| Thu, 02 Apr 2020 | د.ت18.7b | د.ت15.8b | د.ت1.9b | 12.5x |
| Sun, 05 Jan 2020 | د.ت20.2b | د.ت15.8b | د.ت2.0b | 13x |
| Wed, 09 Oct 2019 | د.ت20.4b | د.ت14.8b | د.ت1.7b | 10.9x |
| Tue, 02 Jul 2019 | د.ت20.7b | د.ت14.7b | د.ت1.8b | 10.5x |
Median PE Ratio
10.5x
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 12.0x.
Past Earnings Growth
- The earnings for Tunisian listed companies have grown 7.3% per year over the last three years.
- Revenues for these companies have grown 6.4% 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 Market | -0.31% | |
| Telecom | 6.19% | |
| Consumer Discretionary | 2.58% | |
| Energy | 0% | |
| Utilities | 0% | |
| Materials | -0.022% | |
| Financials | -0.30% | |
| Consumer Staples | -0.46% | |
| Tech | -0.55% | |
| Healthcare | -0.60% | |
| Real Estate | -1.18% | |
| Industrials | -1.33% | |
Sector PE
- Investors are most optimistic about the Healthcare sector which is trading above its 3-year average PE ratio of 32.3x.
- This is likely because analysts are expecting annual earnings growth of 24% which is higher than its past year's earnings decline of 27% per year.
- Investors are most pessimistic about the Telecom sector, which is trading below its 3-year average of 8.0x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 40% over the next 5 years.
- This is better than its past earnings decline of 55% per year.
- In contrast, the Telecom sector is expected to see its earnings decline by 76% 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 | |
|---|---|---|---|---|---|---|
| BIAT Banque Internationale Arabe de Tunisie Société anonyme | د.ت68.40 | 2.9% +د.ت33.9m | 9.4% | PB0.7x | Financials | |
| ARTES Automobile Réseau Tunisien et Services | د.ت7.72 | 8.3% +د.ت22.6m | 75.5% | PS8.9x | Consumer Discretionary | |
| TJARI Banque Attijari de Tunisie Société anonyme | د.ت31.20 | 1.5% +د.ت18.3m | -2.2% | PB1.3x | Financials | |
| WIFAK Wifack International Bank Société anonyme | د.ت7.00 | 6.1% +د.ت12.0m | 0.7% | PB1.3x | Financials | |
| AMI Assurances Multirisques Ittihad | د.ت1.94 | 4.9% +د.ت7.9m | -9.3% | PS271.7x | Financials |