Tunisian (TUNINDEX) Market Analysis & Valuation
UpdatedApr 27, 2024
DataAggregated Company Financials
Companies74
- 7D1.6%
- 3M8.1%
- 1Y5.1%
- YTD4.4%
The market has climbed 1.6% in the last 7 days, lead by the Financials sector with a gain of 1.9%. In the last year, the market has climbed 5.1%. In the next few years, earnings are forecast to decline by 1.2% annually.
Market Valuation and Performance
Has the Tunisian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 27 Apr 2024 | د.ت25.4b | د.ت21.8b | د.ت2.6b | 8.8x | 9.6x | 1.2x |
| Mon, 25 Mar 2024 | د.ت24.8b | د.ت21.2b | د.ت2.4b | 8.6x | 10.4x | 1.2x |
| Wed, 21 Feb 2024 | د.ت23.6b | د.ت20.4b | د.ت2.2b | 8.4x | 10.7x | 1.2x |
| Fri, 19 Jan 2024 | د.ت23.9b | د.ت20.8b | د.ت2.2b | 8.7x | 10.8x | 1.2x |
| Sun, 17 Dec 2023 | د.ت24.5b | د.ت20.8b | د.ت2.2b | 8.9x | 10.9x | 1.2x |
| Tue, 14 Nov 2023 | د.ت23.9b | د.ت21.5b | د.ت2.4b | 8.5x | 9.8x | 1.1x |
| Thu, 12 Oct 2023 | د.ت23.9b | د.ت21.0b | د.ت2.4b | 8.2x | 10x | 1.1x |
| Sat, 09 Sep 2023 | د.ت25.2b | د.ت19.3b | د.ت2.4b | 8.5x | 10.4x | 1.3x |
| Mon, 07 Aug 2023 | د.ت25.2b | د.ت18.9b | د.ت2.3b | 9.5x | 10.7x | 1.3x |
| Wed, 05 Jul 2023 | د.ت25.6b | د.ت19.0b | د.ت2.3b | 9.5x | 10.9x | 1.3x |
| Fri, 02 Jun 2023 | د.ت25.2b | د.ت20.6b | د.ت2.4b | 9.7x | 10.7x | 1.2x |
| Sun, 30 Apr 2023 | د.ت24.3b | د.ت20.2b | د.ت2.4b | 9.8x | 10.3x | 1.2x |
| Tue, 28 Mar 2023 | د.ت24.1b | د.ت19.5b | د.ت2.2b | 9.8x | 11.1x | 1.2x |
| Thu, 23 Feb 2023 | د.ت22.3b | د.ت19.5b | د.ت2.2b | 9.7x | 10.3x | 1.1x |
| Sat, 21 Jan 2023 | د.ت22.6b | د.ت19.5b | د.ت2.2b | 10x | 10.4x | 1.2x |
| Mon, 19 Dec 2022 | د.ت22.5b | د.ت19.3b | د.ت2.2b | 9.4x | 10.4x | 1.2x |
| Wed, 16 Nov 2022 | د.ت22.5b | د.ت19.1b | د.ت2.2b | 10x | 10.4x | 1.2x |
| Fri, 14 Oct 2022 | د.ت22.9b | د.ت19.1b | د.ت2.2b | 9.7x | 10.5x | 1.2x |
| Sun, 11 Sep 2022 | د.ت23.2b | د.ت17.9b | د.ت2.2b | 9.8x | 10.5x | 1.3x |
| Tue, 09 Aug 2022 | د.ت22.4b | د.ت17.3b | د.ت2.2b | 10.1x | 10.3x | 1.3x |
| Thu, 07 Jul 2022 | د.ت21.7b | د.ت17.3b | د.ت2.2b | 9.9x | 10x | 1.3x |
| Sat, 04 Jun 2022 | د.ت21.3b | د.ت17.6b | د.ت2.2b | 10.1x | 9.8x | 1.2x |
| Mon, 02 May 2022 | د.ت21.8b | د.ت16.9b | د.ت2.1b | 10.9x | 10.4x | 1.3x |
| Wed, 30 Mar 2022 | د.ت21.6b | د.ت16.3b | د.ت1.8b | 11.3x | 11.9x | 1.3x |
| Fri, 25 Feb 2022 | د.ت21.9b | د.ت16.2b | د.ت1.8b | 11.8x | 12.3x | 1.3x |
| Sun, 23 Jan 2022 | د.ت22.0b | د.ت16.1b | د.ت1.8b | 12.1x | 12.4x | 1.4x |
| Tue, 21 Dec 2021 | د.ت21.6b | د.ت15.9b | د.ت1.7b | 11.7x | 12.4x | 1.4x |
| Thu, 18 Nov 2021 | د.ت22.0b | د.ت15.6b | د.ت1.7b | 12.3x | 12.7x | 1.4x |
| Sat, 16 Oct 2021 | د.ت21.9b | د.ت15.5b | د.ت1.7b | 11.9x | 12.6x | 1.4x |
| Mon, 13 Sep 2021 | د.ت22.1b | د.ت18.2b | د.ت1.4b | 11.8x | 15.4x | 1.2x |
| Wed, 11 Aug 2021 | د.ت20.5b | د.ت16.3b | د.ت1.6b | 11.9x | 12.8x | 1.3x |
| Sun, 06 Jun 2021 | د.ت21.2b | د.ت16.0b | د.ت1.6b | 12.7x | 13.5x | 1.3x |
Price to Earnings Ratio
14.2x
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 9.6x which is lower than its 3-year average PE of 11.2x.
Past Earnings Growth
- The earnings for Tunisian listed companies have grown 19% per year over the last three years.
- Revenues for these companies have grown 11% 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 | 1.56% | |
| Telecom | 8.84% | |
| Real Estate | 3.61% | |
| Tech | 3.03% | |
| Financials | 1.94% | |
| Consumer Staples | 1.82% | |
| Industrials | 0.88% | |
| Healthcare | 0.40% | |
| Materials | 0.20% | |
| Utilities | 0% | |
| Consumer Discretionary | -0.58% | |
| Energy | -2.60% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 29.9x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 4.0% which is higher than its past year's earnings decline of 14.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 70% over the next 5 years.
- This is better than its past earnings decline of 3.7% per year.
- In contrast, the Financials sector is expected to see its earnings decline by 11% 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 | |
|---|---|---|---|---|---|---|
| TJARI Banque Attijari de Tunisie Société anonyme | د.ت49.85 | 6.6% +د.ت130.2m | 25.9% | PB1.9x | Financials | |
| BIAT Banque Internationale Arabe de Tunisie Société anonyme | د.ت93.00 | 2.2% +د.ت71.4m | -1.1% | PB1.5x | Financials | |
| SFBT Société de Fabrication des Boissons de Tunisie Société Anonyme | د.ت14.30 | 1.8% +د.ت61.9m | 10.1% | PE12.6x | Consumer Staples | |
| SPDIT Société de Placement & de Développement Industriel & Touristique Société anonyme | د.ت10.30 | 18.0% +د.ت44.0m | 38.3% | PE10.8x | Financials | |
| BH BH Bank Société anonyme | د.ت14.07 | 4.2% +د.ت27.1m | -0.07% | PE4.7x | Financials |
