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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 07 Jun 2023 | د.ت25.2b | د.ت20.6b | د.ت2.4b | 9.7x | 10.7x | 1.2x |
| Fri, 05 May 2023 | د.ت24.5b | د.ت20.2b | د.ت2.4b | 10x | 10.4x | 1.2x |
| Sun, 02 Apr 2023 | د.ت24.1b | د.ت19.6b | د.ت2.2b | 9.7x | 11.1x | 1.2x |
| Tue, 28 Feb 2023 | د.ت22.2b | د.ت19.5b | د.ت2.2b | 9.8x | 10.2x | 1.1x |
| Thu, 26 Jan 2023 | د.ت22.5b | د.ت19.5b | د.ت2.2b | 9.9x | 10.4x | 1.2x |
| Sat, 24 Dec 2022 | د.ت22.3b | د.ت19.2b | د.ت2.2b | 9.2x | 10.3x | 1.2x |
| Mon, 21 Nov 2022 | د.ت22.4b | د.ت19.1b | د.ت2.2b | 9.8x | 10.4x | 1.2x |
| Wed, 19 Oct 2022 | د.ت22.9b | د.ت19.1b | د.ت2.2b | 9.9x | 10.6x | 1.2x |
| Fri, 16 Sep 2022 | د.ت23.0b | د.ت18.1b | د.ت2.2b | 9.8x | 10.4x | 1.3x |
| Sun, 14 Aug 2022 | د.ت22.4b | د.ت17.3b | د.ت2.2b | 10.1x | 10.3x | 1.3x |
| Tue, 12 Jul 2022 | د.ت21.7b | د.ت17.3b | د.ت2.2b | 9.9x | 10x | 1.3x |
| Thu, 09 Jun 2022 | د.ت21.2b | د.ت17.6b | د.ت2.2b | 10.2x | 9.8x | 1.2x |
| Sat, 07 May 2022 | د.ت21.9b | د.ت16.8b | د.ت2.1b | 10.6x | 10.4x | 1.3x |
| Mon, 04 Apr 2022 | د.ت21.7b | د.ت16.4b | د.ت1.8b | 11.5x | 11.7x | 1.3x |
| Wed, 02 Mar 2022 | د.ت21.9b | د.ت16.2b | د.ت1.8b | 11.7x | 12.2x | 1.3x |
| Fri, 28 Jan 2022 | د.ت22.2b | د.ت16.1b | د.ت1.8b | 11.7x | 12.5x | 1.4x |
| Sun, 26 Dec 2021 | د.ت21.5b | د.ت16.2b | د.ت1.8b | 11.5x | 12.2x | 1.3x |
| Tue, 23 Nov 2021 | د.ت21.9b | د.ت15.5b | د.ت1.7b | 12.2x | 12.6x | 1.4x |
| Thu, 21 Oct 2021 | د.ت21.9b | د.ت15.5b | د.ت1.7b | 12.2x | 12.5x | 1.4x |
| Sat, 18 Sep 2021 | د.ت21.9b | د.ت15.4b | د.ت1.7b | 11.6x | 12.7x | 1.4x |
| Mon, 16 Aug 2021 | د.ت20.5b | د.ت16.3b | د.ت1.6b | 12x | 12.8x | 1.3x |
| Mon, 31 May 2021 | د.ت21.2b | د.ت16.0b | د.ت1.6b | 12.7x | 13.5x | 1.3x |
| Thu, 04 Mar 2021 | د.ت20.4b | د.ت15.8b | د.ت1.5b | 13.3x | 13.2x | 1.3x |
| Sun, 06 Dec 2020 | د.ت20.5b | د.ت15.7b | د.ت1.8b | 13x | 11.3x | 1.3x |
| Wed, 09 Sep 2020 | د.ت20.6b | د.ت15.6b | د.ت1.8b | 12.9x | 11.6x | 1.3x |
Price to Earnings Ratio
11.4x
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 Market | 0.27% | |
| Materials | 2.07% | |
| Consumer Discretionary | 1.98% | |
| Healthcare | 1.63% | |
| Energy | 0.64% | |
| Financials | 0.45% | |
| Real Estate | 0.25% | |
| Tech | 0.24% | |
| Utilities | 0% | |
| 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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| SFBT Société de Fabrication des Boissons de Tunisie Société Anonyme | د.ت14.10 | 2.3% +د.ت79.2m | -6.0% | PE13.6x | Consumer Staples | |
| UBCI Union Bancaire pour le Commerce et L'Industrie Société anonyme | د.ت21.94 | 4.5% +د.ت18.8m | 9.4% | PB0.9x | Financials | |
| DH Délice Holding | د.ت12.00 | 2.6% +د.ت16.5m | -19.9% | PE8.4x | Consumer Staples | |
| MAG Societe Magasin General | د.ت11.29 | 12.9% +د.ت14.8m | -24.1% | PS0.1x | Consumer Discretionary | |
| OTH One Tech Holding | د.ت8.06 | 2.2% +د.ت13.7m | 5.6% | PE47x | Industrials |
Market Insights
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