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Tunisian (TUNINDEX) Market Analysis & Valuation

UpdatedApr 21, 2024
DataAggregated Company Financials
Companies74
  • 7D-1.6%
  • 3M6.4%
  • 1Y3.2%
  • YTD2.8%

Over the last 7 days, the market has dropped 1.6%, driven by a pullback of 2.2% in the Financials sector. In contrast to the last week, the market is actually up 3.2% over the past year. Looking forward, earnings are forecast to decline by 1.5% per year.

Market Valuation and Performance

Has the Tunisian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 21 Apr 2024د.ت25.0bد.ت21.8bد.ت2.6b8.4x9.5x1.1x
Tue, 19 Mar 2024د.ت24.5bد.ت21.1bد.ت2.4b8.5x10.3x1.2x
Thu, 15 Feb 2024د.ت23.4bد.ت20.4bد.ت2.2b8.3x10.6x1.1x
Sat, 13 Jan 2024د.ت24.0bد.ت20.8bد.ت2.2b8.8x10.8x1.2x
Mon, 11 Dec 2023د.ت24.4bد.ت20.8bد.ت2.2b9x10.9x1.2x
Wed, 08 Nov 2023د.ت23.8bد.ت21.4bد.ت2.4b8.4x9.8x1.1x
Fri, 06 Oct 2023د.ت24.1bد.ت21.0bد.ت2.4b8.3x10x1.1x
Sun, 03 Sep 2023د.ت25.1bد.ت19.2bد.ت2.4b8.5x10.6x1.3x
Tue, 01 Aug 2023د.ت25.4bد.ت18.9bد.ت2.3b9.7x10.9x1.3x
Thu, 29 Jun 2023د.ت25.5bد.ت19.7bد.ت2.4b9.7x10.6x1.3x
Sat, 27 May 2023د.ت25.0bد.ت20.4bد.ت2.3b9.5x10.7x1.2x
Mon, 24 Apr 2023د.ت24.3bد.ت20.2bد.ت2.4b10.3x10.3x1.2x
Wed, 22 Mar 2023د.ت23.7bد.ت17.9bد.ت2.2b10.1x10.7x1.3x
Fri, 17 Feb 2023د.ت22.5bد.ت19.5bد.ت2.2b9.8x10.4x1.2x
Sun, 15 Jan 2023د.ت22.7bد.ت19.4bد.ت2.2b9.9x10.5x1.2x
Tue, 13 Dec 2022د.ت22.6bد.ت19.2bد.ت2.2b9.4x10.4x1.2x
Thu, 10 Nov 2022د.ت22.7bد.ت19.1bد.ت2.2b10.1x10.5x1.2x
Sat, 08 Oct 2022د.ت22.8bد.ت18.2bد.ت2.2b9.8x10.3x1.3x
Mon, 05 Sep 2022د.ت23.1bد.ت17.8bد.ت2.2b9.8x10.5x1.3x
Wed, 03 Aug 2022د.ت22.3bد.ت17.3bد.ت2.2b10.2x10.3x1.3x
Fri, 01 Jul 2022د.ت21.6bد.ت17.8bد.ت2.2b10.3x9.9x1.2x
Sun, 29 May 2022د.ت21.5bد.ت17.5bد.ت2.2b10.4x9.9x1.2x
Tue, 26 Apr 2022د.ت21.8bد.ت16.9bد.ت2.1b10.8x10.6x1.3x
Thu, 24 Mar 2022د.ت21.6bد.ت16.3bد.ت1.8b12.2x11.9x1.3x
Sat, 19 Feb 2022د.ت22.2bد.ت16.1bد.ت1.8b12x12.5x1.4x
Mon, 17 Jan 2022د.ت22.1bد.ت16.1bد.ت1.8b11.6x12.5x1.4x
Wed, 15 Dec 2021د.ت21.7bد.ت15.6bد.ت1.7b11.8x12.5x1.4x
Fri, 12 Nov 2021د.ت21.7bد.ت15.6bد.ت1.7b12.4x12.4x1.4x
Sun, 10 Oct 2021د.ت22.0bد.ت15.5bد.ت1.8b12.4x12.6x1.4x
Tue, 07 Sep 2021د.ت22.1bد.ت18.2bد.ت1.4b11.8x15.4x1.2x
Thu, 05 Aug 2021د.ت20.5bد.ت16.3bد.ت1.6b11.9x12.8x1.3x
Sun, 09 May 2021د.ت22.3bد.ت16.0bد.ت1.6b12.6x14.2x1.4x
Price to Earnings Ratio

14.2x


Total Market Cap: د.ت22.3bTotal Earnings: د.ت1.6bTotal Revenue: د.ت16.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Tunisian Market Price to Earnings3Y Average 11.2x202220232024
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 9.5x 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-1.58%
Tech2.40%
Industrials0.015%
Energy0%
Utilities0%
Telecom-0.46%
Materials-0.90%
Consumer Staples-1.28%
Healthcare-1.34%
Consumer Discretionary-1.35%
Financials-2.17%
Real Estate-3.20%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 29.8x.
    • 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 12% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
BNA Banque Nationale Agricole Société anonymeد.ت9.009.2%
+د.ت48.2m
4.4%PB0.3xFinancials
BT Banque de Tunisie Société anonymeد.ت5.381.5%
+د.ت21.6m
5.9%PB1xFinancials
BH BH Bank Société anonymeد.ت13.501.8%
+د.ت11.4m
-1.8%PE4.5xFinancials
LNDOR Land'Or Société Anonymeد.ت7.0510.5%
+د.ت9.2m
2.2%PS0.5xConsumer Staples
AMI Assurances Multirisques Ittihadد.ت1.735.5%
+د.ت7.9m
0.6%PE27.1xFinancials
See more
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Market Insights

Last week we had a look at the solar industry, and this week we are following up with wind power. 2023 was a terrible year for wind energy stocks….heaps of headwinds….

Latest News

AB

د.ت38.73

Amen Bank Société anonyme

7D

-2.9%

1Y

24.7%

BT

د.ت5.38

Banque de Tunisie Société anonyme

7D

1.5%

1Y

5.9%

TJARI

د.ت46.75

Banque Attijari de Tunisie Société anonyme

7D

-10.1%

1Y

8.7%

BNA

د.ت9.00

Banque Nationale Agricole Société anonyme

7D

9.2%

1Y

4.4%

LNDOR

د.ت7.05

Land'Or Société Anonyme

7D

10.5%

1Y

2.2%

ATB

د.ت2.52

Arab Tunisian Bank

7D

-6.0%

1Y

-17.6%

BH

د.ت13.50

BH Bank Société anonyme

7D

1.8%

1Y

-1.8%

TLS

د.ت16.20

Tunisie Leasing & Factoring Société anonyme

7D

3.8%

1Y

54.3%

AMI

د.ت1.73

Assurances Multirisques Ittihad

7D

5.5%

1Y

0.6%

SMART

د.ت16.50

SMART Tunisie

7D

4.1%

1Y

-11.6%

ASSMA

د.ت49.00

Assurances Maghrebia

7D

2.1%

1Y

-12.5%