Eni (BIT:ENI) Will Be Hoping To Turn Its Returns On Capital Around
Jul 05
Italian (Borsa Italiana) Market Analysis & Valuation
UpdatedJul 09, 2024
DataAggregated Company Financials
Companies411
- 7D0.3%
- 3M-1.4%
- 1Y17.7%
- YTD7.3%
Over the last 7 days, the market has remained flat, with no particular sector making any big moves this week. Meanwhile, the market is actually up 18% over the past year. As for the next few years, earnings are expected to grow by 5.0% per annum.
Market Valuation and Performance
Has the Italian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 09 Jul 2024 | €745.5b | €855.0b | €79.1b | 14.4x | 9.4x | 0.9x |
| Thu, 06 Jun 2024 | €774.8b | €869.0b | €79.9b | 14.6x | 9.7x | 0.9x |
| Sat, 04 May 2024 | €749.6b | €869.8b | €76.6b | 14.6x | 9.8x | 0.9x |
| Mon, 01 Apr 2024 | €787.0b | €885.5b | €78.7b | 14.2x | 10x | 0.9x |
| Wed, 28 Feb 2024 | €729.1b | €911.1b | €78.6b | 14.3x | 9.3x | 0.8x |
| Fri, 26 Jan 2024 | €673.3b | €920.6b | €76.8b | 14.8x | 8.8x | 0.7x |
| Sun, 24 Dec 2023 | €674.7b | €921.3b | €77.3b | 14.6x | 8.7x | 0.7x |
| Tue, 21 Nov 2023 | €649.8b | €923.7b | €77.3b | 14.2x | 8.4x | 0.7x |
| Thu, 19 Oct 2023 | €623.9b | €966.5b | €74.2b | 14x | 8.4x | 0.6x |
| Sat, 16 Sep 2023 | €646.5b | €963.2b | €73.8b | 15.5x | 8.8x | 0.7x |
| Mon, 14 Aug 2023 | €634.8b | €951.5b | €73.2b | 15.4x | 8.7x | 0.7x |
| Wed, 12 Jul 2023 | €625.2b | €947.2b | €69.6b | 15.6x | 9x | 0.7x |
| Fri, 09 Jun 2023 | €616.2b | €947.1b | €77.3b | 16.1x | 8x | 0.7x |
| Sun, 07 May 2023 | €626.4b | €942.5b | €76.5b | 16x | 8.2x | 0.7x |
| Tue, 04 Apr 2023 | €620.3b | €943.1b | €67.1b | 15.7x | 9.2x | 0.7x |
| Thu, 02 Mar 2023 | €624.8b | €944.9b | €56.2b | 16.3x | 11.1x | 0.7x |
| Sat, 28 Jan 2023 | €610.8b | €913.5b | €51.8b | 16.2x | 11.8x | 0.7x |
| Mon, 26 Dec 2022 | €561.8b | €913.9b | €51.8b | 15.7x | 10.8x | 0.6x |
| Wed, 23 Nov 2022 | €591.6b | €918.8b | €52.0b | 15.9x | 11.4x | 0.6x |
| Fri, 21 Oct 2022 | €541.8b | €889.0b | €51.4b | 15.2x | 10.5x | 0.6x |
| Sun, 18 Sep 2022 | €568.3b | €922.4b | €53.1b | 16.8x | 10.7x | 0.6x |
| Tue, 16 Aug 2022 | €600.0b | €919.8b | €53.1b | 18.3x | 11.3x | 0.7x |
| Thu, 14 Jul 2022 | €565.6b | €871.7b | €45.0b | 17.7x | 12.6x | 0.6x |
| Sat, 11 Jun 2022 | €596.8b | €872.2b | €45.0b | 17.8x | 13.3x | 0.7x |
| Mon, 09 May 2022 | €618.2b | €884.1b | €47.1b | 17.7x | 13.1x | 0.7x |
| Wed, 06 Apr 2022 | €656.0b | €844.2b | €44.5b | 18.2x | 14.8x | 0.8x |
| Fri, 04 Mar 2022 | €633.5b | €910.2b | €56.1b | 17.2x | 11.3x | 0.7x |
| Sun, 30 Jan 2022 | €693.3b | €831.2b | €40.9b | 18.7x | 16.9x | 0.8x |
| Tue, 28 Dec 2021 | €703.3b | €820.3b | €40.8b | 19.5x | 17.2x | 0.9x |
| Thu, 25 Nov 2021 | €693.5b | €815.4b | €40.3b | 18.8x | 17.2x | 0.9x |
| Sat, 23 Oct 2021 | €695.7b | €784.1b | €39.9b | 19.8x | 17.5x | 0.9x |
| Mon, 20 Sep 2021 | €673.0b | €782.8b | €39.7b | 22.3x | 16.9x | 0.9x |
| Wed, 18 Aug 2021 | €690.4b | €781.9b | €39.5b | 22.2x | 17.5x | 0.9x |
Price to Earnings Ratio
17.1x
Current Market PE
- Investors are pessimistic on the Italian market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 9.4x which is lower than its 3-year average PE of 11.6x.
Past Earnings Growth
- The earnings for Italian listed companies have grown 26% per year over the last three years.
- Revenues for these companies have grown 3.0% 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 Italian Market?
| IT Market | 0.33% | |
| Tech | 2.93% | |
| Real Estate | 1.96% | |
| Financials | 1.35% | |
| Industrials | 1.25% | |
| Telecom | 0.75% | |
| Consumer Staples | 0.64% | |
| Utilities | 0.57% | |
| Materials | 0.52% | |
| Healthcare | -1.00% | |
| Energy | -1.63% | |
| Consumer Discretionary | -1.77% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 43.8x.
- Analysts expect its future annual earnings growth (23.6%) to be largely in line with prior year's earnings growth.
- The market's confidence could indicate that the market believes that analysts are underestimating future growth.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 89% over the next 5 years.
- This is better than its past earnings decline of 92% per year.
- In contrast, the Financials industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|---|
| UCG UniCredit | €37.13 | 2.6% +€1.2b | 74.4% | PB0.9x | Financials | |
| ENEL Enel | €6.67 | 1.0% +€680.5m | 9.8% | PE14.9x | Utilities | |
| FBK FinecoBank Banca Fineco | €15.06 | 6.1% +€531.5m | 13.5% | PB3.4x | Financials | |
| BPE BPER Banca | €5.29 | 6.0% +€416.3m | 88.7% | PB0.7x | Financials | |
| BMPS Banca Monte dei Paschi di Siena | €4.98 | 6.4% +€375.4m | 113.6% | PB0.6x | Financials |
