We Think Gosa Fom a.d's (BELEX:GFOM) Healthy Earnings Might Be Conservative
May 06
Serbian (BELEX) Market Analysis & Valuation
UpdatedJun 01, 2024
DataAggregated Company Financials
Companies43
- 7D0.09%
- 3M7.8%
- 1Y3.5%
- YTD3.3%
The market has been flat in the last week, however the Consumer Discretionary sector is down 3.5%. Meanwhile, the market is actually up 3.5% over the past year. As for the next few years, earnings are expected to grow by 5.3% per annum.
Market Valuation and Performance
Has the Serbian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 01 Jun 2024 | дин807.8b | дин573.0b | дин50.5b | 7.2x | 16x | 1.4x |
| Mon, 29 Apr 2024 | дин766.5b | дин546.1b | дин52.8b | 7.9x | 14.5x | 1.4x |
| Wed, 27 Mar 2024 | дин333.7b | дин575.7b | дин59.2b | 9x | 5.6x | 0.6x |
| Fri, 23 Feb 2024 | дин319.7b | дин570.6b | дин59.0b | 8x | 5.4x | 0.6x |
| Sun, 21 Jan 2024 | дин420.4b | дин635.2b | дин75.5b | 9.8x | 5.6x | 0.7x |
| Tue, 19 Dec 2023 | дин418.4b | дин635.2b | дин75.5b | 10.2x | 5.5x | 0.7x |
| Thu, 16 Nov 2023 | дин414.8b | дин635.2b | дин75.5b | 9.8x | 5.5x | 0.7x |
| Sat, 14 Oct 2023 | дин418.6b | дин630.8b | дин82.9b | 8.5x | 5.1x | 0.7x |
| Mon, 11 Sep 2023 | дин408.3b | дин625.1b | дин81.7b | 10.2x | 5x | 0.7x |
| Wed, 09 Aug 2023 | дин401.9b | дин626.3b | дин82.0b | 9.8x | 4.9x | 0.6x |
| Fri, 07 Jul 2023 | дин405.2b | дин677.1b | дин109.2b | 11.1x | 3.7x | 0.6x |
| Sun, 04 Jun 2023 | дин426.9b | дин677.5b | дин109.2b | 11.3x | 3.9x | 0.6x |
| Tue, 02 May 2023 | дин420.3b | дин629.1b | дин103.4b | 8.8x | 4.1x | 0.7x |
| Thu, 30 Mar 2023 | дин413.2b | дин628.8b | дин103.2b | 8.8x | 4x | 0.7x |
| Sat, 25 Feb 2023 | дин407.5b | дин656.4b | дин103.2b | 8.6x | 3.9x | 0.6x |
| Mon, 23 Jan 2023 | дин388.4b | дин627.3b | дин87.9b | 9.3x | 4.4x | 0.6x |
| Wed, 21 Dec 2022 | дин332.3b | дин648.0b | дин90.8b | 6.9x | 3.7x | 0.5x |
| Fri, 18 Nov 2022 | дин329.2b | дин580.3b | дин72.2b | 7.6x | 4.6x | 0.6x |
| Sun, 16 Oct 2022 | дин324.7b | дин584.8b | дин72.1b | 8.5x | 4.5x | 0.6x |
| Tue, 13 Sep 2022 | дин329.0b | дин582.9b | дин73.0b | 7.8x | 4.5x | 0.6x |
| Thu, 11 Aug 2022 | дин325.5b | дин583.7b | дин73.0b | 7.6x | 4.5x | 0.6x |
| Sat, 09 Jul 2022 | дин322.0b | дин510.9b | дин50.2b | 5.7x | 6.4x | 0.6x |
| Mon, 06 Jun 2022 | дин320.7b | дин513.8b | дин47.5b | 8.1x | 6.8x | 0.6x |
| Wed, 04 May 2022 | дин292.1b | дин462.1b | дин34.3b | 10.1x | 8.5x | 0.6x |
| Fri, 01 Apr 2022 | дин307.2b | дин448.4b | дин34.6b | 10.3x | 8.9x | 0.7x |
| Sun, 27 Feb 2022 | дин303.6b | дин449.6b | дин34.6b | 9.4x | 8.8x | 0.7x |
| Tue, 25 Jan 2022 | дин309.5b | дин401.0b | дин24.9b | 10x | 12.4x | 0.8x |
| Thu, 23 Dec 2021 | дин296.0b | дин401.0b | дин24.9b | 8.4x | 11.9x | 0.7x |
| Sat, 20 Nov 2021 | дин297.3b | дин402.1b | дин24.7b | 8.4x | 12x | 0.7x |
| Mon, 18 Oct 2021 | дин294.1b | дин366.6b | дин19.3b | 13x | 15.2x | 0.8x |
| Wed, 15 Sep 2021 | дин280.8b | дин360.3b | дин19.6b | 13.1x | 14.3x | 0.8x |
| Fri, 13 Aug 2021 | дин839.5b | дин420.1b | дин25.3b | 11.4x | 33.1x | 2x |
| Tue, 08 Jun 2021 | дин833.8b | дин379.9b | дин11.9b | 12.9x | 70.2x | 2.2x |
Price to Earnings Ratio
70.2x
Current Market PE
- Investors are optimistic on the Serbian market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 16.0x which is higher than its 3-year average PE of 8.9x.
Past Earnings Growth
- The earnings for Serbian listed companies have grown 62% per year over the last three years.
- Revenues for these companies have grown 15% 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 Serbian Market?
| RS Market | 0.093% | |
| Financials | 2.09% | |
| Energy | 0.47% | |
| Industrials | 0.32% | |
| Real Estate | 0% | |
| Consumer Staples | 0% | |
| Healthcare | 0% | |
| Telecom | 0% | |
| Utilities | 0% | |
| Materials | -1.15% | |
| Tech | -1.91% | |
| Consumer Discretionary | -3.48% | |
Sector PE
- Investors favour the Industrials sector the most for future growth, which is trading above its 3-year average PE ratio of 146x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Energy sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 3.9x.
Forecasted Growth
- Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 5.3% over the next 5 years.
- This is better than its past earnings decline of 61% per year.
- In contrast, the Energy sector is expected to see its earnings grow by 5.3% 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 | |
|---|---|---|---|---|---|---|
| NIIS Naftna Industrija Srbije a.d | дин849.00 | 0.5% +дин652.2m | 0% | PE4x | Energy | |
| DNOS Kompanija Dunav Osiguranje a.d.o | дин979.00 | 2.2% +дин319.0m | 1.2% | PE7.5x | Financials | |
| JESV MPP Jedinstvo a.d | дин7.44k | 12.7% +дин194.4m | n/a | PE9.1x | Industrials | |
| GFOM Gosa Fom a.d | дин1.45k | 3.6% +дин68.4m | n/a | PE9.6x | Industrials | |
| TRBG Termika-Beograd a.d | дин3.50k | 5.3% +дин10.8m | 12.9% | n/a | Industrials |