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Estonia (OMX) Market Analysis & Valuation
UpdatedJun 01, 2024
DataAggregated Company Financials
Companies31
- 7D0.3%
- 3M1.9%
- 1Y-10.3%
- YTD4.0%
The Communication Services sector gained 10% while the market remained flat over the last week. Unfortunately though, the market is down 10% over the past year. Earnings are forecast to grow by 12% annually.
Market Valuation and Performance
Has the Estonia Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 01 Jun 2024 | €5.2b | €4.8b | €735.3m | 11.7x | 7x | 1.1x |
| Mon, 29 Apr 2024 | €5.2b | €4.8b | €722.2m | 11x | 7.2x | 1.1x |
| Wed, 27 Mar 2024 | €5.1b | €4.9b | €715.3m | 10.9x | 7.2x | 1x |
| Fri, 23 Feb 2024 | €5.0b | €5.0b | €713.0m | 11.5x | 7.1x | 1x |
| Sun, 21 Jan 2024 | €5.1b | €5.0b | €711.3m | 10x | 7.2x | 1x |
| Tue, 19 Dec 2023 | €5.0b | €3.8b | €441.1m | 11.4x | 11.4x | 1.3x |
| Thu, 16 Nov 2023 | €4.5b | €3.8b | €442.0m | 11.7x | 10.1x | 1.2x |
| Sat, 14 Oct 2023 | €4.6b | €3.8b | €419.3m | 11.3x | 11x | 1.2x |
| Mon, 11 Sep 2023 | €4.8b | €3.8b | €415.2m | 11.8x | 11.5x | 1.3x |
| Wed, 09 Aug 2023 | €4.7b | €3.8b | €441.4m | 11.6x | 10.7x | 1.2x |
| Fri, 07 Jul 2023 | €4.8b | €3.7b | €386.0m | 12.5x | 12.4x | 1.3x |
| Sun, 04 Jun 2023 | €4.9b | €3.7b | €382.4m | 12.7x | 12.8x | 1.3x |
| Tue, 02 May 2023 | €4.9b | €3.6b | €385.0m | 13.5x | 12.8x | 1.4x |
| Thu, 30 Mar 2023 | €4.9b | €3.5b | €322.0m | 14.6x | 15.3x | 1.4x |
| Sat, 25 Feb 2023 | €4.9b | €3.5b | €338.2m | 14x | 14.6x | 1.4x |
| Mon, 23 Jan 2023 | €4.9b | €3.4b | €310.4m | 12.4x | 15.7x | 1.4x |
| Wed, 21 Dec 2022 | €4.6b | €3.4b | €311.5m | 12x | 14.9x | 1.4x |
| Fri, 18 Nov 2022 | €4.6b | €3.4b | €307.5m | 12.2x | 14.9x | 1.4x |
| Sun, 16 Oct 2022 | €4.4b | €3.2b | €269.1m | 12.4x | 16.4x | 1.4x |
| Tue, 13 Sep 2022 | €4.7b | €3.2b | €275.1m | 11.5x | 17.1x | 1.5x |
| Thu, 11 Aug 2022 | €4.8b | €3.2b | €297.0m | 12.1x | 16.2x | 1.5x |
| Sat, 09 Jul 2022 | €4.7b | €3.0b | €250.2m | 13.5x | 18.6x | 1.6x |
| Mon, 06 Jun 2022 | €4.8b | €3.0b | €251.3m | 15.7x | 19x | 1.6x |
| Wed, 04 May 2022 | €5.0b | €2.9b | €234.1m | 16.7x | 21.2x | 1.7x |
| Fri, 01 Apr 2022 | €5.0b | €2.8b | €238.0m | 14.3x | 20.9x | 1.7x |
| Sun, 27 Feb 2022 | €5.0b | €2.8b | €156.6m | 16.9x | 31.8x | 1.8x |
| Tue, 25 Jan 2022 | €5.0b | €2.7b | €125.6m | 15.1x | 39.6x | 1.8x |
| Thu, 23 Dec 2021 | €5.2b | €2.7b | €121.9m | 16x | 42.8x | 1.9x |
| Sat, 20 Nov 2021 | €5.4b | €2.7b | €121.3m | 16.2x | 44.3x | 2x |
| Mon, 18 Oct 2021 | €4.1b | €2.5b | €24.6m | 15.4x | 164.5x | 1.6x |
| Wed, 15 Sep 2021 | €4.2b | €2.5b | €19.9m | 17.2x | 209.3x | 1.7x |
| Fri, 13 Aug 2021 | €3.8b | €2.5b | €19.9m | 16.4x | 192.8x | 1.5x |
| Tue, 08 Jun 2021 | €3.4b | €2.4b | €25.5m | 17.3x | 132.4x | 1.4x |
Price to Earnings Ratio
132.4x
Current Market PE
- Investors are pessimistic on the Estonian market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 7.0x which is lower than its 3-year average PE of 37.5x.
Past Earnings Growth
- The earnings for Estonian listed companies have grown 207% per year over the last three years.
- Revenues for these companies have grown 27% 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 Estonia Market?
| EE Market | 0.33% | |
| Telecom | 10.08% | |
| Real Estate | 2.05% | |
| Industrials | 1.75% | |
| Utilities | 0.08% | |
| Energy | 0% | |
| Materials | 0% | |
| Consumer Staples | -0.18% | |
| Financials | -0.45% | |
| Healthcare | -0.71% | |
| Consumer Discretionary | -0.93% | |
| Tech | -6.87% | |
Sector PE
- Investors favour the Tech sector the most for future growth which is trading above its 3-year average PE ratio.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 16% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Utilities sector is expected to see its earnings grow by 10% 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 | Sector | |
|---|---|---|---|---|---|---|
| TAL1T AS Tallink Grupp | €0.75 | 4.0% +€21.6m | 30.8% | PE6.4x | Industrials | |
| MRK1T AS Merko Ehitus | €17.74 | 1.1% +€3.5m | 18.6% | PE7x | Industrials | |
| EEG1T AS Ekspress Grupp | €1.14 | 10.7% +€3.4m | -24.8% | PE12.3x | Telecom | |
| PKG1T AS Pro Kapital Grupp | €1.11 | 3.7% +€2.3m | 74.0% | PS5x | Real Estate | |
| TVE1T AS Tallinna Vesi | €10.75 | 0.9% +€2.0m | -10.4% | PE17.4x | Utilities |