Latvian (OMX) Market Analysis & Valuation
UpdatedJul 09, 2024
DataAggregated Company Financials
Companies10
- 7D4.3%
- 3M-28.5%
- 1Y-38.1%
- YTD-29.7%
Over the last 7 days, the market has dropped 16%, driven by a pullback of 35% in the Utilities sector. In the last 12 months the market is down 38%.
Market Valuation and Performance
Has the Latvian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 09 Jul 2024 | €513.9m | €650.7m | -€39,055,451.00 | 13.5x | -13.2x | 0.8x |
| Thu, 06 Jun 2024 | €670.2m | €650.7m | -€39,055,451.00 | 12.8x | -17.2x | 1x |
| Sat, 04 May 2024 | €700.1m | €702.0m | -€41,580,062.00 | 13.3x | -16.8x | 1x |
| Mon, 01 Apr 2024 | €719.5m | €702.0m | -€41,524,092.00 | 13.8x | -17.3x | 1x |
| Wed, 28 Feb 2024 | €732.9m | €848.2m | €6.0m | 14.5x | 121.3x | 0.9x |
| Fri, 26 Jan 2024 | €754.3m | €878.6m | €3.0m | 15.1x | 249.8x | 0.9x |
| Sun, 24 Dec 2023 | €735.6m | €878.6m | €3.0m | 15x | 243.6x | 0.8x |
| Tue, 21 Nov 2023 | €751.1m | €1.0b | €41.3m | 16.8x | 18.2x | 0.7x |
| Thu, 19 Oct 2023 | €721.5m | €1.0b | €43.6m | 13.4x | 16.6x | 0.7x |
| Sat, 16 Sep 2023 | €729.8m | €1.0b | €43.6m | 13.1x | 16.8x | 0.7x |
| Mon, 14 Aug 2023 | €726.3m | €1.1b | €56.0m | 9.8x | 13x | 0.7x |
| Wed, 12 Jul 2023 | €796.2m | €1.1b | €56.1m | 11.1x | 14.2x | 0.7x |
| Fri, 09 Jun 2023 | €726.0m | €1.1b | €56.1m | 10.1x | 12.9x | 0.7x |
| Sun, 07 May 2023 | €660.7m | €1.3b | €122.5m | 8.9x | 5.4x | 0.5x |
| Tue, 04 Apr 2023 | €655.7m | €1.3b | €122.5m | 11.4x | 5.4x | 0.5x |
| Thu, 02 Mar 2023 | €740.3m | €1.5b | €295.5m | 11.6x | 2.5x | 0.5x |
| Sat, 28 Jan 2023 | €740.6m | €1.4b | €294.5m | 11.5x | 2.5x | 0.5x |
| Mon, 26 Dec 2022 | €708.9m | €1.4b | €294.5m | 11.5x | 2.4x | 0.5x |
| Wed, 23 Nov 2022 | €695.3m | €1.3b | €114.0m | 6.9x | 6.1x | 0.5x |
| Fri, 21 Oct 2022 | €678.5m | €1.3b | €113.5m | 6.9x | 6x | 0.5x |
| Sun, 18 Sep 2022 | €710.7m | €1.3b | €113.5m | 7x | 6.3x | 0.5x |
| Tue, 16 Aug 2022 | €733.5m | €1.3b | €87.2m | 11.7x | 8.4x | 0.6x |
| Thu, 14 Jul 2022 | €690.4m | €1.2b | €84.2m | 10.7x | 8.2x | 0.6x |
| Sat, 11 Jun 2022 | €708.7m | €1.2b | €84.2m | 10.9x | 8.4x | 0.6x |
| Mon, 09 May 2022 | €667.4m | €985.9m | €32.2m | 12.8x | 20.7x | 0.7x |
| Wed, 06 Apr 2022 | €721.7m | €985.9m | €32.2m | 12.9x | 22.4x | 0.7x |
| Fri, 04 Mar 2022 | €842.7m | €1.2b | €55.9m | 9.4x | 15.1x | 0.7x |
| Sun, 30 Jan 2022 | €948.8m | €922.0m | -€124,322,302.00 | 9.1x | -7.6x | 1x |
| Tue, 28 Dec 2021 | €947.3m | €922.0m | -€124,322,302.00 | 8.7x | -7.6x | 1x |
| Thu, 25 Nov 2021 | €965.4m | €801.2m | €42.4m | 16.5x | 22.7x | 1.2x |
| Sat, 23 Oct 2021 | €907.1m | €612.5m | €36.5m | 18.4x | 24.9x | 1.5x |
| Mon, 20 Sep 2021 | €851.4m | €592.0m | €33.0m | 16.6x | 25.8x | 1.4x |
| Wed, 18 Aug 2021 | €829.3m | €592.0m | €33.1m | 16.7x | 25.1x | 1.4x |
Price to Earnings Ratio
24.8x
Current Market PE
- Investors are relatively neutral on the Latvian 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 PS ratio of 0.80x.
Past Earnings Growth
- Total earnings for Latvian listed companies have declined over the last three years, with the market now making a loss overall.
- Revenues have grown 3.2% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Sector Trends
Which sectors have driven the changes within the Latvian Market?
| LV Market | 4.30% | |
| Utilities | 12.50% | |
| Industrials | 3.28% | |
| Tech | 2.01% | |
| Consumer Staples | 0.46% | |
| Consumer Discretionary | 0.24% | |
| Financials | 0.08% | |
| Energy | 0% | |
| Real Estate | 0% | |
| Materials | 0% | |
| Healthcare | 0% | |
| Telecom | 0% | |
Sector PE
- Investors favour the Financials sector the most for future growth, which is trading above its 3-year average PE ratio of 15.2x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
Forecasted GrowthThere is insufficient data in this market to determine future earnings growth rates.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| GZE1R AS Latvijas Gaze | €4.50 | 12.5% +€20.0m | -57.7% | PS1.6x | Utilities | |
| EGG AS APF Holdings | €4.35 | 8.8% +€2.0m | n/a | PE14.7x | Consumer Staples | |
| BAL1R AS Amber Latvijas balzams | €9.20 | 2.2% +€1.5m | -6.6% | PE11.1x | Consumer Staples | |
| SAF1R SAF Tehnika | €5.08 | 2.0% +€297.0k | -55.0% | PS0.5x | Tech | |
| VIRSI AS Virsi-A | €4.11 | 0.2% +€151.3k | -8.1% | PE12.2x | Consumer Discretionary |
