Tunisian (TUNINDEX) Market Analysis & Valuation
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies74
- 7D-0.3%
- 3M3.1%
- 1Y3.5%
- YTD7.7%
Over the last 7 days, the market has remained flat, although notably the Communication Services sector gained 11% in that time. Meanwhile, the market is actually up 3.5% over the past year. In the next few years earnings are forecast to be pretty stable.
Market Valuation and Performance
Has the Tunisian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | د.ت26.2b | د.ت20.3b | د.ت2.7b | 9.5x | 9.9x | 1.3x |
| Sun, 23 Jun 2024 | د.ت26.3b | د.ت21.6b | د.ت2.7b | 8.7x | 9.6x | 1.2x |
| Tue, 21 May 2024 | د.ت25.2b | د.ت22.3b | د.ت2.7b | 8x | 9.3x | 1.1x |
| Thu, 18 Apr 2024 | د.ت25.2b | د.ت21.8b | د.ت2.6b | 8.6x | 9.6x | 1.2x |
| Sat, 16 Mar 2024 | د.ت24.4b | د.ت21.1b | د.ت2.4b | 8.5x | 10.3x | 1.2x |
| Mon, 12 Feb 2024 | د.ت23.4b | د.ت20.4b | د.ت2.2b | 8.3x | 10.6x | 1.1x |
| Wed, 10 Jan 2024 | د.ت24.1b | د.ت20.8b | د.ت2.2b | 8.9x | 10.8x | 1.2x |
| Fri, 08 Dec 2023 | د.ت24.3b | د.ت20.8b | د.ت2.2b | 8.9x | 10.8x | 1.2x |
| Sun, 05 Nov 2023 | د.ت23.8b | د.ت21.5b | د.ت2.4b | 8.4x | 9.8x | 1.1x |
| Tue, 03 Oct 2023 | د.ت24.0b | د.ت20.9b | د.ت2.4b | 8.3x | 10x | 1.1x |
| Thu, 31 Aug 2023 | د.ت25.1b | د.ت19.2b | د.ت2.4b | 8.5x | 10.5x | 1.3x |
| Sat, 29 Jul 2023 | د.ت25.5b | د.ت18.9b | د.ت2.3b | 9.5x | 10.9x | 1.3x |
| Mon, 26 Jun 2023 | د.ت25.4b | د.ت19.7b | د.ت2.4b | 9.7x | 10.5x | 1.3x |
| Wed, 24 May 2023 | د.ت24.8b | د.ت20.4b | د.ت2.3b | 9.7x | 10.6x | 1.2x |
| Fri, 21 Apr 2023 | د.ت24.4b | د.ت19.9b | د.ت2.4b | 10.4x | 10.3x | 1.2x |
| Sun, 19 Mar 2023 | د.ت23.9b | د.ت18.8b | د.ت2.2b | 10.6x | 11x | 1.3x |
| Tue, 14 Feb 2023 | د.ت22.4b | د.ت19.5b | د.ت2.2b | 9.8x | 10.4x | 1.1x |
| Thu, 12 Jan 2023 | د.ت22.3b | د.ت19.1b | د.ت2.1b | 9.8x | 10.4x | 1.2x |
| Sat, 10 Dec 2022 | د.ت22.3b | د.ت19.2b | د.ت2.2b | 9.4x | 10.3x | 1.2x |
| Mon, 07 Nov 2022 | د.ت22.9b | د.ت19.1b | د.ت2.2b | 10.1x | 10.6x | 1.2x |
| Wed, 05 Oct 2022 | د.ت23.1b | د.ت18.2b | د.ت2.2b | 10.2x | 10.5x | 1.3x |
| Fri, 02 Sep 2022 | د.ت23.1b | د.ت17.3b | د.ت2.2b | 10x | 10.6x | 1.3x |
| Sun, 31 Jul 2022 | د.ت22.2b | د.ت17.3b | د.ت2.2b | 9.8x | 10.2x | 1.3x |
| Tue, 28 Jun 2022 | د.ت21.7b | د.ت17.8b | د.ت2.2b | 10.4x | 9.9x | 1.2x |
| Thu, 26 May 2022 | د.ت21.6b | د.ت17.4b | د.ت2.2b | 10.3x | 9.9x | 1.2x |
| Sat, 23 Apr 2022 | د.ت21.8b | د.ت16.9b | د.ت2.1b | 10.8x | 10.6x | 1.3x |
| Mon, 21 Mar 2022 | د.ت21.7b | د.ت16.3b | د.ت1.8b | 12.4x | 12x | 1.3x |
| Wed, 16 Feb 2022 | د.ت22.2b | د.ت16.1b | د.ت1.8b | 12x | 12.5x | 1.4x |
| Fri, 14 Jan 2022 | د.ت22.0b | د.ت16.1b | د.ت1.8b | 11.5x | 12.4x | 1.4x |
| Sun, 12 Dec 2021 | د.ت21.6b | د.ت15.6b | د.ت1.7b | 11.9x | 12.5x | 1.4x |
| Tue, 09 Nov 2021 | د.ت21.6b | د.ت15.6b | د.ت1.7b | 12.4x | 12.4x | 1.4x |
| Thu, 07 Oct 2021 | د.ت22.0b | د.ت15.5b | د.ت1.8b | 11.9x | 12.6x | 1.4x |
| Sat, 04 Sep 2021 | د.ت22.1b | د.ت16.6b | د.ت1.7b | 12.1x | 13x | 1.3x |
| Mon, 02 Aug 2021 | د.ت20.6b | د.ت16.3b | د.ت1.6b | 12.1x | 12.8x | 1.3x |
Price to Earnings Ratio
12.8x
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 10.9x.
Past Earnings Growth
- The earnings for Tunisian listed companies have grown 18% per year over the last three years.
- Revenues for these companies have grown 7.8% 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 | 11.48% | |
| Tech | 4.58% | |
| Consumer Discretionary | 1.86% | |
| Real Estate | 1.79% | |
| Healthcare | 1.18% | |
| Energy | 0.55% | |
| Financials | 0.15% | |
| Utilities | 0% | |
| Industrials | -0.87% | |
| Consumer Staples | -1.62% | |
| Materials | -1.72% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth even though it's trading below its 3-year average PE ratio of 52.5x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 37.2% which is higher than its past year's earnings decline of 29.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 87% over the next 5 years.
- This is better than its past earnings growth rate of 62% per year.
- In contrast, the Telecom sector is expected to see its earnings decline by 13% 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.ت100.88 | 1.7% +د.ت60.0m | 5.6% | PB1.7x | Financials | |
| UIB Union Internationale de Banques Société anonyme | د.ت24.80 | 3.3% +د.ت27.6m | -13.9% | PB0.9x | Financials | |
| BH BH Bank Société anonyme | د.ت14.25 | 2.7% +د.ت17.6m | 3.1% | PE4.7x | Financials | |
| TPR Tunisie Profilés Aluminium Société Anonyme | د.ت5.58 | 4.9% +د.ت13.0m | 7.7% | PE6.7x | Industrials | |
| ARTES Automobile Réseau Tunisien et Services | د.ت6.31 | 5.2% +د.ت11.9m | 2.9% | n/a | Consumer Discretionary |
