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Tunisian (TUNINDEX) Market Analysis & Valuation
UpdatedApr 20, 2025
DataAggregated Company Financials
Companies71
- 7D0.6%
- 3M10.5%
- 1Y19.2%
- YTD12.6%
In the last week, the market has stayed flat, however the Communication Services sector stood out, gaining 5.3%. As for the longer term, the market has risen 19% in the past 12 months. As for the next few years, earnings are expected to grow by 1.9% per annum.
Market Valuation and Performance
Has the Tunisian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 20 Apr 2025 | د.ت29.9b | د.ت39.7b | د.ت4.5b | 10.7x | 6.7x | 0.8x |
| Tue, 18 Mar 2025 | د.ت29.1b | د.ت39.0b | د.ت4.4b | 10.5x | 6.6x | 0.7x |
| Thu, 13 Feb 2025 | د.ت27.5b | د.ت38.8b | د.ت4.4b | 10.1x | 6.3x | 0.7x |
| Sat, 11 Jan 2025 | د.ت26.6b | د.ت38.8b | د.ت4.4b | 8.9x | 6.1x | 0.7x |
| Mon, 09 Dec 2024 | د.ت26.6b | د.ت39.3b | د.ت4.4b | 9.1x | 6x | 0.7x |
| Wed, 06 Nov 2024 | د.ت26.4b | د.ت39.0b | د.ت4.4b | 9.2x | 6x | 0.7x |
| Fri, 04 Oct 2024 | د.ت26.4b | د.ت37.9b | د.ت4.5b | 9.6x | 5.9x | 0.7x |
| Sun, 01 Sep 2024 | د.ت26.1b | د.ت20.3b | د.ت2.6b | 9.4x | 9.9x | 1.3x |
| Tue, 30 Jul 2024 | د.ت26.1b | د.ت20.3b | د.ت2.7b | 9.4x | 9.9x | 1.3x |
| Thu, 27 Jun 2024 | د.ت26.2b | د.ت21.6b | د.ت2.7b | 9x | 9.6x | 1.2x |
| Sat, 25 May 2024 | د.ت25.5b | د.ت22.4b | د.ت2.7b | 8.5x | 9.5x | 1.1x |
| Mon, 22 Apr 2024 | د.ت25.0b | د.ت21.7b | د.ت2.6b | 8.4x | 9.5x | 1.2x |
| Wed, 20 Mar 2024 | د.ت24.6b | د.ت21.1b | د.ت2.4b | 8.6x | 10.4x | 1.2x |
| Fri, 16 Feb 2024 | د.ت23.4b | د.ت20.4b | د.ت2.2b | 8.3x | 10.6x | 1.1x |
| Sun, 14 Jan 2024 | د.ت24.0b | د.ت20.8b | د.ت2.2b | 8.8x | 10.8x | 1.2x |
| Tue, 12 Dec 2023 | د.ت24.3b | د.ت20.8b | د.ت2.2b | 9x | 10.9x | 1.2x |
| Thu, 09 Nov 2023 | د.ت23.8b | د.ت21.4b | د.ت2.4b | 8.5x | 9.8x | 1.1x |
| Sat, 07 Oct 2023 | د.ت24.1b | د.ت21.0b | د.ت2.4b | 8.2x | 10x | 1.1x |
| Mon, 04 Sep 2023 | د.ت25.1b | د.ت19.2b | د.ت2.4b | 8.5x | 10.5x | 1.3x |
| Wed, 02 Aug 2023 | د.ت25.3b | د.ت18.9b | د.ت2.3b | 9.6x | 10.8x | 1.3x |
| Fri, 30 Jun 2023 | د.ت25.5b | د.ت19.7b | د.ت2.4b | 9.7x | 10.6x | 1.3x |
| Sun, 28 May 2023 | د.ت25.1b | د.ت20.4b | د.ت2.3b | 9.5x | 10.7x | 1.2x |
| Tue, 25 Apr 2023 | د.ت24.3b | د.ت20.2b | د.ت2.4b | 10.1x | 10.3x | 1.2x |
| Thu, 23 Mar 2023 | د.ت23.5b | د.ت17.9b | د.ت2.2b | 9.8x | 10.7x | 1.3x |
| Sat, 18 Feb 2023 | د.ت22.5b | د.ت19.5b | د.ت2.2b | 9.8x | 10.4x | 1.2x |
| Mon, 16 Jan 2023 | د.ت22.7b | د.ت19.4b | د.ت2.2b | 9.9x | 10.5x | 1.2x |
| Wed, 14 Dec 2022 | د.ت22.5b | د.ت19.2b | د.ت2.2b | 9.4x | 10.4x | 1.2x |
| Fri, 11 Nov 2022 | د.ت22.7b | د.ت19.1b | د.ت2.2b | 10.1x | 10.5x | 1.2x |
| Sun, 09 Oct 2022 | د.ت22.8b | د.ت18.2b | د.ت2.2b | 9.8x | 10.4x | 1.3x |
| Tue, 06 Sep 2022 | د.ت23.1b | د.ت17.8b | د.ت2.2b | 9.7x | 10.5x | 1.3x |
| Thu, 04 Aug 2022 | د.ت22.4b | د.ت17.3b | د.ت2.2b | 10.2x | 10.3x | 1.3x |
| Sat, 02 Jul 2022 | د.ت21.7b | د.ت17.3b | د.ت2.2b | 9.8x | 9.9x | 1.3x |
| Mon, 30 May 2022 | د.ت21.5b | د.ت17.5b | د.ت2.2b | 10.4x | 9.9x | 1.2x |
| Wed, 27 Apr 2022 | د.ت21.8b | د.ت16.9b | د.ت2.1b | 10.7x | 10.5x | 1.3x |
Price to Earnings Ratio
10.5x
Current Market PE
- Investors are pessimistic on the Tunisian market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 6.7x which is lower than its 3-year average PE of 9.5x.
Past Earnings Growth
- The earnings for Tunisian listed companies have grown 29% per year over the last three years.
- Revenues for these companies have grown 33% 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 | 0.62% | |
| Telecom | 5.32% | |
| Industrials | 4.43% | |
| Energy | 1.12% | |
| Consumer Discretionary | 0.40% | |
| Materials | 0.27% | |
| Financials | 0.11% | |
| Tech | -0.081% | |
| Healthcare | -0.18% | |
| Consumer Staples | -0.38% | |
| Real Estate | -2.52% | |
Sector PE
- Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 18.8x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 9.0%, which is higher than its past year's earnings growth of 0.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 61% over the next 5 years.
- This is better than its past earnings decline of 51% per year.
- In contrast, the Financials sector is expected to see its earnings decline by 3.8% 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 | |
|---|---|---|---|---|---|---|
| PGH Poulina Group Holding | د.ت14.18 | 5.8% +د.ت140.4m | 55.8% | PE18x | Industrials | |
| BIAT Banque Internationale Arabe de Tunisie Société anonyme | د.ت100.99 | 2.0% +د.ت82.0m | 26.8% | PB1.8x | Financials | |
| DH Délice Holding | د.ت22.20 | 3.3% +د.ت38.4m | 100.2% | PE12.5x | Consumer Staples | |
| BHASS BH Assurance | د.ت63.50 | 11.4% +د.ت17.3m | 30.3% | PE15.3x | Financials | |
| AMI Assurances Multirisques Ittihad | د.ت2.91 | 5.8% +د.ت14.0m | 68.2% | PE29.6x | Financials |
