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Icelandic (OMX) Market Analysis & Valuation

UpdatedJul 09, 2024
DataAggregated Company Financials
Companies27
  • 7D0.7%
  • 3M-3.6%
  • 1Y-6.9%
  • YTD-7.6%

In the last week, the market has stayed flat, however the Financials sector stood out, gaining 4.9%. As for last year, the market is down 6.9%. As for the next few years, earnings are expected to grow by 20% per annum.

Market Valuation and Performance

Has the Icelandic Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 09 Jul 2024ISK 1.9tISK 1.5tISK 127.8b16.3x15.2x1.3x
Thu, 06 Jun 2024ISK 1.9tISK 1.5tISK 126.7b15.5x15.1x1.3x
Sat, 04 May 2024ISK 2.0tISK 1.5tISK 133.0b15.4x14.7x1.3x
Mon, 01 Apr 2024ISK 2.0tISK 1.5tISK 130.8b16.1x15.3x1.3x
Wed, 28 Feb 2024ISK 2.1tISK 1.5tISK 130.0b15.9x15.9x1.4x
Fri, 26 Jan 2024ISK 2.2tISK 1.5tISK 147.7b16x15x1.4x
Sun, 24 Dec 2023ISK 2.1tISK 1.5tISK 148.0b14.8x14.2x1.4x
Tue, 21 Nov 2023ISK 1.7tISK 1.5tISK 150.5b13x11.4x1.1x
Thu, 19 Oct 2023ISK 1.8tISK 1.5tISK 149.4b15.4x11.8x1.2x
Sat, 16 Sep 2023ISK 1.9tISK 1.5tISK 145.3b16x13.2x1.3x
Mon, 14 Aug 2023ISK 2.1tISK 1.5tISK 149.0b16x13.8x1.4x
Wed, 12 Jul 2023ISK 2.0tISK 1.5tISK 144.2b14.9x13.9x1.3x
Fri, 09 Jun 2023ISK 1.9tISK 1.5tISK 146.9b14.3x13.3x1.3x
Sun, 07 May 2023ISK 2.1tISK 1.5tISK 147.1b15x14x1.4x
Tue, 04 Apr 2023ISK 2.1tISK 1.5tISK 148.2b15.2x14.4x1.5x
Thu, 02 Mar 2023ISK 2.1tISK 1.5tISK 149.4b14.9x14.4x1.4x
Sat, 28 Jan 2023ISK 2.2tISK 1.5tISK 143.7b11.5x15x1.5x
Mon, 26 Dec 2022ISK 2.1tISK 1.4tISK 143.0b11.7x14.8x1.5x
Wed, 23 Nov 2022ISK 2.2tISK 1.4tISK 143.8b12.3x15.5x1.6x
Fri, 21 Oct 2022ISK 2.1tISK 1.3tISK 147.3b10.9x14.1x1.6x
Sun, 18 Sep 2022ISK 2.3tISK 1.3tISK 135.1b11.9x16.8x1.8x
Tue, 16 Aug 2022ISK 2.4tISK 1.2tISK 128.2b13.8x18.4x1.9x
Thu, 14 Jul 2022ISK 2.4tISK 1.2tISK 129.4b13.9x18.4x2x
Sat, 11 Jun 2022ISK 2.2tISK 1.1tISK 124.7b11.7x17.9x2x
Mon, 09 May 2022ISK 2.3tISK 1.1tISK 125.4b12.7x18.5x2.1x
Wed, 06 Apr 2022ISK 2.5tISK 1.1tISK 131.0b13.5x18.9x2.2x
Fri, 04 Mar 2022ISK 2.3tISK 1.1tISK 133.1b12.6x17.7x2.1x
Sun, 30 Jan 2022ISK 2.4tISK 1.1tISK 116.3b18.4x20.7x2.2x
Tue, 28 Dec 2021ISK 2.5tISK 1.1tISK 116.7b19.7x21.2x2.3x
Thu, 25 Nov 2021ISK 2.5tISK 1.1tISK 115.8b20.3x21.3x2.3x
Sat, 23 Oct 2021ISK 2.4tISK 1.1tISK 97.1b20.3x24.8x2.3x
Mon, 20 Sep 2021ISK 2.3tISK 1.0tISK 96.1b21.9x24.2x2.3x
Wed, 18 Aug 2021ISK 2.3tISK 998.0bISK 96.0b21.3x24.3x2.3x
Price to Earnings Ratio

25.5x


Total Market Cap: ISK 2.1tTotal Earnings: ISK 80.5bTotal Revenue: ISK 953.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Icelandic Market Price to Earnings3Y Average 16.6x202220232024
Current Market PE
  • Investors are relatively neutral on the Icelandic market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 16.6x.
Past Earnings Growth
  • The earnings for Icelandic listed companies have grown 17% 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.

Sector Trends

Which sectors have driven the changes within the Icelandic Market?

IS Market0.73%
Financials4.93%
Consumer Discretionary0.66%
Consumer Staples0.031%
Energy0%
Materials0%
Healthcare0%
Tech0%
Utilities0%
Real Estate-0.23%
Telecom-0.39%
Industrials-2.00%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 34.4x.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
  • The Real Estate sector is the least preferred by investors for future growth, which is trading below its 3-year average of 10.0x.
Forecasted Growth
  • Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 33% over the next 5 years.
  • This is better than its past earnings decline of 51% per year.
  • In contrast, the Financials sector is expected to see its earnings decline by 6.0% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
ARION Arion banki hfISK 136.506.6%
+ISK 11.9b		-7.8%PB1xFinancials
ISB Íslandsbanki hfISK 99.204.4%
+ISK 8.1b		-11.8%PB0.9xFinancials
KVIKA Kvika banki hfISK 15.105.2%
+ISK 3.5b		-14.4%PE27.9xFinancials
HAGA Hagar hfISK 84.003.1%
+ISK 2.7b		25.4%PE17.4xConsumer Staples
EIM Eimskipafélag Íslands hfISK 340.002.4%
+ISK 1.3b		-37.5%PE8.8xIndustrials
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Latest News

PLAY

ISK 2.40

Fly Play hf

7D

-5.5%

1Y

-83.4%

HEIMAR

ISK 24.10

Heimar hf

7D

-0.4%

1Y

-3.2%

HAGA

ISK 84.00

Hagar hf

7D

3.1%

1Y

25.4%

FESTI

ISK 208.00

Festi hf

7D

1.0%

1Y

18.9%

EIM

ISK 340.00

Eimskipafélag Íslands hf

7D

2.4%

1Y

-37.5%

KVIKA

ISK 15.10

Kvika banki hf

7D

5.2%

1Y

-14.4%

ISB

ISK 99.20

Íslandsbanki hf

7D

4.4%

1Y

-11.8%

SKAGI

ISK 15.50

Vátryggingafélag Íslands hf

7D

4.0%

1Y

-18.8%

SVN

ISK 91.00

Sildarvinnslan Hf

7D

-1.1%

1Y

-20.5%

ARION

ISK 136.50

Arion banki hf

7D

6.6%

1Y

-7.8%

MAREL

ISK 485.00

Marel hf

7D

-2.6%

1Y

16.3%

SIMINN

ISK 9.15

Síminn hf

7D

-1.9%

1Y

-9.4%

ICEAIR

ISK 0.89

Icelandair Group hf

7D

-6.1%

1Y

-59.7%

OLGERD

ISK 17.90

Ölgerðin Egill Skallagrímsson hf

7D

0.8%

1Y

42.1%

EIK

ISK 10.10

Eik fasteignafélag hf

7D

-1.0%

1Y

-15.8%

Eik fasteignafélag hf (ICE:EIK) Is Increasing Its Dividend To ISK0.74

Mar 29
Eik fasteignafélag hf (ICE:EIK) Is Increasing Its Dividend To ISK0.74

ISF

ISK 153.40

Ísfélag hf

7D

-1.4%

1Y

n/a