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Tunisian (TUNINDEX) Market Analysis & Valuation

UpdatedMar 18, 2024
DataAggregated Company Financials
Companies75
  • 7D0.09%
  • 3M0.8%
  • 1Y2.2%
  • YTD0.2%

The market has been flat over the last week. As for the longer term, the market has also been flat over the past year. Looking forward, earnings are expected to remain mostly flat in the next few years.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Mar 2024د.ت24.4bد.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

14x


Total Market Cap: د.ت22.0bTotal Earnings: د.ت1.6bTotal Revenue: د.ت16.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Tunisian Market Price to Earnings3Y Average 11.3x202220232024
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 11.3x.
Past Earnings Growth
  • The earnings for Tunisian listed companies have grown 15% per year over the last three years.
  • Revenues for these companies have grown 9.6% 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 Market0.088%
Consumer Staples1.84%
Real Estate0%
Utilities0%
Financials-0.086%
Energy-0.33%
Industrials-0.55%
Materials-1.06%
Consumer Discretionary-1.14%
Healthcare-1.34%
Tech-1.49%
Telecom-2.31%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 29.2x.
    • 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 47% over the next 5 years.
  • This is better than its past earnings growth rate of 33% per year.
  • In contrast, the Financials sector is expected to see its earnings decline by 6.3% per year over the next few years.

Top Stock Gainers and Losers

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

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Market Insights

When we checked in on commodity markets in November there was a lot of red on the YTD returns table. Since then, the gold price has hit a new record and crude is back above $80...

Latest News

ECYCL

د.ت11.40

Euro-Cycles

7D

-8.1%

1Y

-55.1%

ICF

د.ت64.00

Les industries Chimiques du Fluor

7D

-6.4%

1Y

-36.0%

DH

د.ت10.80

Délice Holding

7D

-0.8%

1Y

-13.6%

AB

د.ت35.00

Amen Bank Société anonyme

7D

0.3%

1Y

27.0%

BNA

د.ت7.60

Banque Nationale Agricole Société anonyme

7D

-2.6%

1Y

-10.1%

ATB

د.ت2.50

Arab Tunisian Bank

7D

-3.1%

1Y

1.6%

BT

د.ت5.35

Banque de Tunisie Société anonyme

7D

0.8%

1Y

7.0%

ARTES

د.ت6.49

Automobile Réseau Tunisien et Services

7D

1.4%

1Y

29.8%

CC

د.ت1.93

Carthage Cement

7D

-2.5%

1Y

9.0%

CIL

د.ت22.00

Compagnie Internationale de Leasing

7D

5.5%

1Y

43.3%