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Tunisian (TUNINDEX) Financials Sector Analysis

UpdatedOct 02, 2023
DataAggregated Company Financials
Companies25
  • 7D1.3%
  • 3M-4.8%
  • 1Y3.7%
  • YTD2.4%

Over the last 7 days, the Financials industry has remained flat, although notably Banque Attijari de Tunisie Société anonyme gained 4.9%. In line with that, the industry has also been flat over the past 12 months. As for the next few years, earnings are forecast to decline by 2.7% per annum.

Sector Valuation and Performance

Has the Tunisian Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 03 Oct 2023د.ت12.9bد.ت7.6bد.ت1.7b7.2x7.4x1.7x
Thu, 31 Aug 2023د.ت13.6bد.ت7.5bد.ت1.7b7.7x7.9x1.8x
Sat, 29 Jul 2023د.ت13.7bد.ت7.5bد.ت1.7b7.6x8x1.8x
Mon, 26 Jun 2023د.ت13.5bد.ت7.4bد.ت1.7b7.4x7.9x1.8x
Wed, 24 May 2023د.ت13.2bد.ت7.4bد.ت1.7b7.8x7.8x1.8x
Fri, 21 Apr 2023د.ت13.2bد.ت7.1bد.ت1.7b8.1x7.8x1.9x
Sun, 19 Mar 2023د.ت12.6bد.ت6.9bد.ت1.5b8.6x8.4x1.8x
Tue, 14 Feb 2023د.ت11.0bد.ت6.9bد.ت1.5b8.3x7.3x1.6x
Thu, 12 Jan 2023د.ت11.3bد.ت6.4bد.ت1.5b8.3x7.7x1.8x
Sat, 10 Dec 2022د.ت10.8bد.ت6.5bد.ت1.5b8x7.3x1.7x
Mon, 07 Nov 2022د.ت10.9bد.ت6.4bد.ت1.5b7.7x7.4x1.7x
Wed, 05 Oct 2022د.ت10.8bد.ت6.4bد.ت1.5b7.8x7.3x1.7x
Fri, 02 Sep 2022د.ت10.4bد.ت6.1bد.ت1.4b8.1x7.3x1.7x
Sun, 31 Jul 2022د.ت9.9bد.ت6.1bد.ت1.4b8x6.9x1.6x
Tue, 28 Jun 2022د.ت9.7bد.ت6.5bد.ت1.4b8x6.8x1.5x
Thu, 26 May 2022د.ت9.4bد.ت6.5bد.ت1.4b7.8x6.5x1.4x
Sat, 23 Apr 2022د.ت9.5bد.ت6.5bد.ت1.4b7.5x6.6x1.5x
Mon, 21 Mar 2022د.ت9.2bد.ت5.9bد.ت1.2b9.2x7.8x1.6x
Wed, 16 Feb 2022د.ت9.0bد.ت5.8bد.ت1.2b9.2x7.7x1.5x
Fri, 14 Jan 2022د.ت8.9bد.ت5.8bد.ت1.2b9.5x7.6x1.5x
Sun, 12 Dec 2021د.ت8.7bد.ت5.3bد.ت1.1b9.1x7.7x1.7x
Tue, 09 Nov 2021د.ت8.4bد.ت5.3bد.ت1.1b9.1x7.3x1.6x
Thu, 07 Oct 2021د.ت8.7bد.ت5.3bد.ت1.1b9.3x7.6x1.6x
Sat, 04 Sep 2021د.ت8.9bد.ت5.8bد.ت1.1b9.4x7.8x1.5x
Mon, 02 Aug 2021د.ت7.5bد.ت5.5bد.ت1.0b9.3x7.2x1.4x
Thu, 06 May 2021د.ت8.7bد.ت5.5bد.ت1.0b9.6x8.4x1.6x
Sun, 07 Feb 2021د.ت7.7bد.ت5.5bد.ت1.0b9.3x7.4x1.4x
Sat, 31 Oct 2020د.ت7.6bد.ت5.4bد.ت1.3b9.9x5.8x1.4x
Price to Earnings Ratio

5.9x


Total Market Cap: د.ت7.8bTotal Earnings: د.ت1.3bTotal Revenue: د.ت5.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Tunisian Financials Sector Price to Earnings3Y Average 7.4x202120222023
Current Industry PE
  • Investors are relatively neutral on the Tunisian Financials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 7.4x.
  • The industry is trading close to its 3-year average PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 9.6% per year over the last three years.
  • Revenues for these companies have grown 12% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Tunisian Financials sector?

TN Market0.80%
Financials1.27%
Banks1.61%
Insurance0.85%
Mortgage Finance0%
Mortgage REITs0%
Consumer Finance0%
Capital Markets0%
Diversified Financial-0.97%
Industry PE
  • Investors are most optimistic about the Insurance industry even though it's trading below its 3-year average PE ratio of 14.2x.
    • Analysts are expecting annual earnings growth of 3.8%, which is higher than its past year's earnings growth of 1.8% per year.
  • Investors are most pessimistic about the Diversified Financial industry, which is trading below its 3-year average of 8.1x.
Forecasted Growth
  • Analysts are most optimistic on the Capital Markets industry, expecting annual earnings growth of 4.6% over the next 5 years.
  • However this is lower than its past earnings growth rate of 16% per year.
  • In contrast, the Diversified Financial industry is expected to see its earnings decline by 7.7% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
TJARI Banque Attijari de Tunisie Société anonymeد.ت42.504.9%
+د.ت81.5m
9.9%PB1.9x
BIAT Banque Internationale Arabe de Tunisie Société anonymeد.ت88.002.3%
+د.ت71.4m
7.3%PB1.6x
UIB Union Internationale de Banques Société anonymeد.ت23.001.7%
+د.ت13.5m
11.2%PB0.9x
AB Amen Bank Société anonymeد.ت38.901.2%
+د.ت11.9m
57.6%PB0.8x
STAR Société Tunisienne d'Assurances et de Réassurancesد.ت163.001.9%
+د.ت6.9m
29.4%PE11.1x
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Latest News

ATL

د.ت3.80

Arab Tunisian Lease

7D

-1.3%

1Y

37.2%

AB

د.ت38.90

Amen Bank Société anonyme

7D

1.2%

1Y

57.6%

HL

د.ت4.75

Hannibal Lease

7D

-4.8%

1Y

3.5%

TJARI

د.ت42.50

Banque Attijari de Tunisie Société anonyme

7D

4.9%

1Y

9.9%

TRE

د.ت6.27

Société Tunisienne de Réassurance

7D

4.5%

1Y

-3.5%

TLS

د.ت11.90

Tunisie Leasing & Factoring Société anonyme

7D

-0.8%

1Y

11.3%

AMI

د.ت1.65

Assurances Multirisques Ittihad

7D

1.2%

1Y

-17.9%

BNA

د.ت7.25

Banque Nationale Agricole Société anonyme

7D

0.8%

1Y

-13.2%

BT

د.ت5.14

Banque de Tunisie Société anonyme

7D

-0.6%

1Y

-9.8%

BH

د.ت11.30

BH Bank Société anonyme

7D

-0.9%

1Y

-23.9%

AMV

د.ت6.43

Assurances Maghrebia Vie

7D

-0.6%

1Y

n/a