With EPS Growth And More, Banca Transilvania (BVB:TLV) Makes An Interesting Case
Jul 05
Romanian (BET) Market Analysis & Valuation
UpdatedJul 09, 2024
DataAggregated Company Financials
Companies262
- 7D1.2%
- 3M4.7%
- 1Y32.8%
- YTD14.6%
Over the last 7 days, the market has risen 1.2%, driven by gains of 2.4% in the Utilities sector. In the last year, the market has climbed 33%. Earnings are forecast to be flat in the coming years.
Trending IndustriesOil and Gas
Market Valuation and Performance
Has the Romanian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 09 Jul 2024 | RON 257.2b | RON 159.5b | RON 24.0b | 16.6x | 10.7x | 1.6x |
| Thu, 06 Jun 2024 | RON 250.8b | RON 159.4b | RON 24.0b | 15.6x | 10.5x | 1.6x |
| Sat, 04 May 2024 | RON 243.8b | RON 155.8b | RON 23.7b | 14.3x | 10.3x | 1.6x |
| Mon, 01 Apr 2024 | RON 235.9b | RON 150.5b | RON 23.2b | 14.4x | 10.2x | 1.6x |
| Wed, 28 Feb 2024 | RON 215.9b | RON 150.7b | RON 23.9b | 11.3x | 9x | 1.4x |
| Fri, 26 Jan 2024 | RON 207.8b | RON 156.5b | RON 23.4b | 11.3x | 8.9x | 1.3x |
| Sun, 24 Dec 2023 | RON 210.8b | RON 156.2b | RON 23.5b | 11.1x | 9x | 1.3x |
| Tue, 21 Nov 2023 | RON 201.8b | RON 157.6b | RON 23.6b | 10.6x | 8.5x | 1.3x |
| Thu, 19 Oct 2023 | RON 196.7b | RON 167.0b | RON 26.9b | 9.8x | 7.3x | 1.2x |
| Sat, 16 Sep 2023 | RON 196.1b | RON 166.9b | RON 26.9b | 9.7x | 7.3x | 1.2x |
| Mon, 14 Aug 2023 | RON 195.1b | RON 167.4b | RON 28.7b | 9.9x | 6.8x | 1.2x |
| Wed, 12 Jul 2023 | RON 192.3b | RON 175.3b | RON 32.2b | 9.6x | 6x | 1.1x |
| Fri, 09 Jun 2023 | RON 139.3b | RON 165.3b | RON 27.2b | 9.2x | 5.1x | 0.8x |
| Sun, 07 May 2023 | RON 138.4b | RON 165.1b | RON 26.9b | 9.8x | 5.2x | 0.8x |
| Tue, 04 Apr 2023 | RON 138.6b | RON 167.1b | RON 27.3b | 9.4x | 5.1x | 0.8x |
| Thu, 02 Mar 2023 | RON 141.6b | RON 158.4b | RON 23.9b | 10.4x | 5.9x | 0.9x |
| Sat, 28 Jan 2023 | RON 137.2b | RON 152.0b | RON 27.3b | 9.9x | 5x | 0.9x |
| Mon, 26 Dec 2022 | RON 136.4b | RON 152.7b | RON 27.3b | 9.3x | 5x | 0.9x |
| Wed, 23 Nov 2022 | RON 131.4b | RON 152.8b | RON 26.7b | 9.2x | 4.9x | 0.9x |
| Fri, 21 Oct 2022 | RON 122.2b | RON 137.3b | RON 24.0b | 9.5x | 5.1x | 0.9x |
| Sun, 18 Sep 2022 | RON 131.3b | RON 136.4b | RON 23.8b | 10.1x | 5.5x | 1x |
| Tue, 16 Aug 2022 | RON 141.2b | RON 126.1b | RON 18.1b | 10.2x | 7.8x | 1.1x |
| Thu, 14 Jul 2022 | RON 133.9b | RON 116.3b | RON 15.2b | 10.5x | 8.8x | 1.2x |
| Sat, 11 Jun 2022 | RON 138.9b | RON 115.5b | RON 15.2b | 10.6x | 9.1x | 1.2x |
| Mon, 09 May 2022 | RON 138.4b | RON 110.0b | RON 17.0b | 12.3x | 8.1x | 1.3x |
| Wed, 06 Apr 2022 | RON 143.9b | RON 102.9b | RON 16.2b | 12.4x | 8.9x | 1.4x |
| Fri, 04 Mar 2022 | RON 134.9b | RON 101.2b | RON 15.7b | 11.5x | 8.6x | 1.3x |
| Sun, 30 Jan 2022 | RON 144.8b | RON 92.0b | RON 13.8b | 13x | 10.5x | 1.6x |
| Tue, 28 Dec 2021 | RON 138.5b | RON 87.8b | RON 13.2b | 13x | 10.5x | 1.6x |
| Thu, 25 Nov 2021 | RON 133.4b | RON 86.5b | RON 11.9b | 13.2x | 11.2x | 1.5x |
| Sat, 23 Oct 2021 | RON 136.4b | RON 82.2b | RON 11.1b | 14.3x | 12.3x | 1.7x |
| Mon, 20 Sep 2021 | RON 129.8b | RON 81.1b | RON 10.6b | 14.2x | 12.3x | 1.6x |
| Wed, 18 Aug 2021 | RON 125.9b | RON 80.9b | RON 10.6b | 13.9x | 11.9x | 1.6x |
Price to Earnings Ratio
11.6x
Current Market PE
- Investors are optimistic on the Romanian market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 10.7x which is higher than its 3-year average PE of 8.1x.
Past Earnings Growth
- The earnings for Romanian listed companies have grown 31% per year over the last three years.
- Revenues for these companies have grown 25% 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 Romanian Market?
| RO Market | 1.19% | |
| Utilities | 2.39% | |
| Financials | 2.33% | |
| Healthcare | 1.68% | |
| Tech | 1.10% | |
| Energy | 0.51% | |
| Real Estate | 0.42% | |
| Consumer Discretionary | -0.36% | |
| Consumer Staples | -0.62% | |
| Materials | -1.46% | |
| Industrials | -2.36% | |
| Telecom | -3.52% | |
Sector PE
- Investors favour the Consumer Staples sector the most for future growth, which is trading above its 3-year average PE ratio of 12.0x.
- 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 Healthcare sector, expecting annual earnings growth of 51% over the next 5 years.
- This is better than its past earnings decline of 11% per year.
- In contrast, the Telecom 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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| H2O S.P.E.E.H. Hidroelectrica | RON 127.80 | 2.2% +RON 1.3b | n/a | PE9.6x | Utilities | |
| TLV Banca Transilvania | RON 32.75 | 3.0% +RON 756.9m | 73.0% | PB1.8x | Financials | |
| SNP OMV Petrom | RON 0.77 | 1.1% +RON 529.6m | 47.1% | PE12.2x | Energy | |
| TEL CNTEE Transelectrica | RON 48.00 | 14.7% +RON 450.8m | 87.5% | PE16.2x | Utilities | |
| BRD BRD - Groupe Société Générale | RON 21.00 | 2.4% +RON 348.5m | 56.7% | PB1.6x | Financials |
