Tunisian (TUNINDEX) Banks Industry Analysis
UpdatedApr 25, 2024
DataAggregated Company Financials
Companies10
- 7D1.0%
- 3M4.3%
- 1Y5.0%
- YTD3.6%
Over the last 7 days, the Banks industry has dropped 2.5%, driven by Banque Attijari de Tunisie Société anonyme declining 8.0%. In contrast, Banque Nationale Agricole Société anonyme has gained 12%. Over the past 12 months, the industry was up 4.5%. Looking forward, earnings are forecast to decline by 12% per year.
Industry Valuation and Performance
Has the Tunisian Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 25 Apr 2024 | د.ت11.0b | د.ت5.3b | د.ت1.5b | 8.4x | 7.3x | 2.1x |
| Sat, 23 Mar 2024 | د.ت10.8b | د.ت4.8b | د.ت1.3b | 8.5x | 8.2x | 2.3x |
| Mon, 19 Feb 2024 | د.ت10.5b | د.ت4.0b | د.ت1.2b | 8.5x | 9.1x | 2.6x |
| Wed, 17 Jan 2024 | د.ت10.5b | د.ت4.0b | د.ت1.2b | 8.5x | 9x | 2.6x |
| Fri, 15 Dec 2023 | د.ت10.6b | د.ت4.0b | د.ت1.2b | 8.5x | 9.1x | 2.6x |
| Sun, 12 Nov 2023 | د.ت10.3b | د.ت4.7b | د.ت1.3b | 7.8x | 7.7x | 2.2x |
| Tue, 10 Oct 2023 | د.ت10.2b | د.ت4.7b | د.ت1.3b | 7.7x | 7.5x | 2.1x |
| Thu, 07 Sep 2023 | د.ت10.8b | د.ت4.7b | د.ت1.3b | 8.3x | 8x | 2.3x |
| Sat, 05 Aug 2023 | د.ت10.7b | د.ت4.7b | د.ت1.3b | 7.9x | 8x | 2.3x |
| Mon, 03 Jul 2023 | د.ت10.7b | د.ت4.7b | د.ت1.3b | 7.8x | 8x | 2.3x |
| Wed, 31 May 2023 | د.ت10.5b | د.ت4.7b | د.ت1.3b | 7.7x | 7.9x | 2.2x |
| Fri, 28 Apr 2023 | د.ت10.4b | د.ت4.7b | د.ت1.3b | 8.1x | 7.8x | 2.2x |
| Sun, 26 Mar 2023 | د.ت9.9b | د.ت4.2b | د.ت1.1b | 8.9x | 8.7x | 2.3x |
| Tue, 21 Feb 2023 | د.ت8.2b | د.ت4.2b | د.ت1.1b | 7.2x | 7.3x | 1.9x |
| Thu, 19 Jan 2023 | د.ت8.6b | د.ت4.2b | د.ت1.1b | 7.3x | 7.6x | 2x |
| Sat, 17 Dec 2022 | د.ت8.1b | د.ت4.2b | د.ت1.1b | 7.1x | 7.2x | 1.9x |
| Mon, 14 Nov 2022 | د.ت8.1b | د.ت4.2b | د.ت1.1b | 7x | 7.2x | 1.9x |
| Wed, 12 Oct 2022 | د.ت8.0b | د.ت4.2b | د.ت1.1b | 6.7x | 7.1x | 1.9x |
| Fri, 09 Sep 2022 | د.ت7.9b | د.ت4.3b | د.ت1.2b | 5.6x | 6.9x | 1.8x |
| Sun, 07 Aug 2022 | د.ت7.4b | د.ت4.3b | د.ت1.1b | 7.3x | 6.6x | 1.7x |
| Tue, 05 Jul 2022 | د.ت7.2b | د.ت4.3b | د.ت1.1b | 6.7x | 6.5x | 1.7x |
| Thu, 02 Jun 2022 | د.ت7.0b | د.ت4.3b | د.ت1.1b | 6x | 6.3x | 1.6x |
| Sat, 30 Apr 2022 | د.ت7.1b | د.ت4.3b | د.ت1.1b | 6.2x | 6.3x | 1.7x |
| Mon, 28 Mar 2022 | د.ت6.8b | د.ت3.8b | د.ت944.3m | 6.2x | 7.2x | 1.8x |
| Wed, 23 Feb 2022 | د.ت6.6b | د.ت3.8b | د.ت944.3m | 6.3x | 7x | 1.8x |
| Fri, 21 Jan 2022 | د.ت6.5b | د.ت3.8b | د.ت944.3m | 6.4x | 6.9x | 1.7x |
| Sun, 19 Dec 2021 | د.ت6.4b | د.ت3.8b | د.ت944.3m | 6.5x | 6.7x | 1.7x |
| Tue, 16 Nov 2021 | د.ت6.1b | د.ت3.8b | د.ت944.3m | 6.5x | 6.5x | 1.6x |
| Thu, 14 Oct 2021 | د.ت6.3b | د.ت3.8b | د.ت944.3m | 6.8x | 6.7x | 1.7x |
| Sat, 11 Sep 2021 | د.ت6.4b | د.ت3.8b | د.ت944.3m | 6.9x | 6.8x | 1.7x |
| Mon, 09 Aug 2021 | د.ت5.1b | د.ت3.4b | د.ت808.6m | 7.4x | 6.3x | 1.5x |
| Sun, 02 May 2021 | د.ت6.3b | د.ت3.4b | د.ت820.6m | 8.3x | 7.7x | 1.9x |
Price to Earnings Ratio
7.7x
Current Industry PE
- Investors are relatively neutral on the Tunisian Banks 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 2.0x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 23% per year over the last three years.
- Revenues for these companies have grown 16% 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 industry?
| TN Market | 0.65% | |
| Financials | 1.19% | |
| Banks | 1.02% | |
| Diversified Banks | 1.02% | |
| Regional Banks | 0% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 7.4x.
- Analysts are expecting annual earnings decline of 12.3%, which is lower than the prior year's growth of 14.8% per year.
- Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 7.4x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Diversified Banks industry since they expect its earnings to decline by only 12% per year over the next 5 years, which isn't as bad as the other industries.
- This is a reversal from its past annual earnings growth rate of 15% per year.
- In contrast, the Diversified Banks industry 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| TJARI Banque Attijari de Tunisie Société anonyme | د.ت49.35 | 3.2% +د.ت65.1m | 14.2% | PB1.9x | |
| BIAT Banque Internationale Arabe de Tunisie Société anonyme | د.ت92.77 | 1.9% +د.ت63.2m | -1.3% | PB1.5x | |
| BNA Banque Nationale Agricole Société anonyme | د.ت9.25 | 5.4% +د.ت29.8m | 7.8% | PB0.3x | |
| AB Amen Bank Société anonyme | د.ت39.15 | 0.9% +د.ت10.6m | 25.7% | PB0.8x | |
| BT Banque de Tunisie Société anonyme | د.ت5.35 | 0.4% +د.ت5.4m | 5.1% | PB1x |