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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 03 Oct 2023 | د.ت12.9b | د.ت7.6b | د.ت1.7b | 7.2x | 7.4x | 1.7x |
| Thu, 31 Aug 2023 | د.ت13.6b | د.ت7.5b | د.ت1.7b | 7.7x | 7.9x | 1.8x |
| Sat, 29 Jul 2023 | د.ت13.7b | د.ت7.5b | د.ت1.7b | 7.6x | 8x | 1.8x |
| Mon, 26 Jun 2023 | د.ت13.5b | د.ت7.4b | د.ت1.7b | 7.4x | 7.9x | 1.8x |
| Wed, 24 May 2023 | د.ت13.2b | د.ت7.4b | د.ت1.7b | 7.8x | 7.8x | 1.8x |
| Fri, 21 Apr 2023 | د.ت13.2b | د.ت7.1b | د.ت1.7b | 8.1x | 7.8x | 1.9x |
| Sun, 19 Mar 2023 | د.ت12.6b | د.ت6.9b | د.ت1.5b | 8.6x | 8.4x | 1.8x |
| Tue, 14 Feb 2023 | د.ت11.0b | د.ت6.9b | د.ت1.5b | 8.3x | 7.3x | 1.6x |
| Thu, 12 Jan 2023 | د.ت11.3b | د.ت6.4b | د.ت1.5b | 8.3x | 7.7x | 1.8x |
| Sat, 10 Dec 2022 | د.ت10.8b | د.ت6.5b | د.ت1.5b | 8x | 7.3x | 1.7x |
| Mon, 07 Nov 2022 | د.ت10.9b | د.ت6.4b | د.ت1.5b | 7.7x | 7.4x | 1.7x |
| Wed, 05 Oct 2022 | د.ت10.8b | د.ت6.4b | د.ت1.5b | 7.8x | 7.3x | 1.7x |
| Fri, 02 Sep 2022 | د.ت10.4b | د.ت6.1b | د.ت1.4b | 8.1x | 7.3x | 1.7x |
| Sun, 31 Jul 2022 | د.ت9.9b | د.ت6.1b | د.ت1.4b | 8x | 6.9x | 1.6x |
| Tue, 28 Jun 2022 | د.ت9.7b | د.ت6.5b | د.ت1.4b | 8x | 6.8x | 1.5x |
| Thu, 26 May 2022 | د.ت9.4b | د.ت6.5b | د.ت1.4b | 7.8x | 6.5x | 1.4x |
| Sat, 23 Apr 2022 | د.ت9.5b | د.ت6.5b | د.ت1.4b | 7.5x | 6.6x | 1.5x |
| Mon, 21 Mar 2022 | د.ت9.2b | د.ت5.9b | د.ت1.2b | 9.2x | 7.8x | 1.6x |
| Wed, 16 Feb 2022 | د.ت9.0b | د.ت5.8b | د.ت1.2b | 9.2x | 7.7x | 1.5x |
| Fri, 14 Jan 2022 | د.ت8.9b | د.ت5.8b | د.ت1.2b | 9.5x | 7.6x | 1.5x |
| Sun, 12 Dec 2021 | د.ت8.7b | د.ت5.3b | د.ت1.1b | 9.1x | 7.7x | 1.7x |
| Tue, 09 Nov 2021 | د.ت8.4b | د.ت5.3b | د.ت1.1b | 9.1x | 7.3x | 1.6x |
| Thu, 07 Oct 2021 | د.ت8.7b | د.ت5.3b | د.ت1.1b | 9.3x | 7.6x | 1.6x |
| Sat, 04 Sep 2021 | د.ت8.9b | د.ت5.8b | د.ت1.1b | 9.4x | 7.8x | 1.5x |
| Mon, 02 Aug 2021 | د.ت7.5b | د.ت5.5b | د.ت1.0b | 9.3x | 7.2x | 1.4x |
| Thu, 06 May 2021 | د.ت8.7b | د.ت5.5b | د.ت1.0b | 9.6x | 8.4x | 1.6x |
| Sun, 07 Feb 2021 | د.ت7.7b | د.ت5.5b | د.ت1.0b | 9.3x | 7.4x | 1.4x |
| Sat, 31 Oct 2020 | د.ت7.6b | د.ت5.4b | د.ت1.3b | 9.9x | 5.8x | 1.4x |
Price to Earnings Ratio
5.9x
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 Market | 0.80% | |
| Financials | 1.27% | |
| Banks | 1.61% | |
| Insurance | 0.85% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Consumer Finance | 0% | |
| Capital Markets | 0% | |
| 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| TJARI Banque Attijari de Tunisie Société anonyme | د.ت42.50 | 4.9% +د.ت81.5m | 9.9% | PB1.9x | |
| BIAT Banque Internationale Arabe de Tunisie Société anonyme | د.ت88.00 | 2.3% +د.ت71.4m | 7.3% | PB1.6x | |
| UIB Union Internationale de Banques Société anonyme | د.ت23.00 | 1.7% +د.ت13.5m | 11.2% | PB0.9x | |
| AB Amen Bank Société anonyme | د.ت38.90 | 1.2% +د.ت11.9m | 57.6% | PB0.8x | |
| STAR Société Tunisienne d'Assurances et de Réassurances | د.ت163.00 | 1.9% +د.ت6.9m | 29.4% | PE11.1x |