Serbian (BELEX) Market Analysis & Valuation
UpdatedJul 09, 2024
DataAggregated Company Financials
Companies41
- 7D0.5%
- 3M-3.7%
- 1Y11.0%
- YTD6.5%
The Financials sector gained 3.7% while the market remained flat over the last week. Meanwhile, the market is actually up 11% over the past year. Earnings are forecast to grow by 5.3% annually.
Market Valuation and Performance
Has the Serbian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 09 Jul 2024 | дин333.8b | дин543.1b | дин48.2b | 7.5x | 6.9x | 0.6x |
| Thu, 06 Jun 2024 | дин803.2b | дин567.0b | дин50.1b | 7.3x | 16x | 1.4x |
| Sat, 04 May 2024 | дин766.0b | дин536.6b | дин43.0b | 7.9x | 17.8x | 1.4x |
| Mon, 01 Apr 2024 | дин337.0b | дин575.7b | дин59.2b | 8.1x | 5.7x | 0.6x |
| Wed, 28 Feb 2024 | дин318.1b | дин570.6b | дин59.0b | 8x | 5.4x | 0.6x |
| Fri, 26 Jan 2024 | дин421.4b | дин635.2b | дин75.5b | 9.8x | 5.6x | 0.7x |
| Sun, 24 Dec 2023 | дин418.9b | дин635.2b | дин75.5b | 10.2x | 5.6x | 0.7x |
| Tue, 21 Nov 2023 | дин417.0b | дин635.2b | дин75.5b | 9.8x | 5.5x | 0.7x |
| Thu, 19 Oct 2023 | дин417.7b | дин630.8b | дин82.9b | 8.5x | 5x | 0.7x |
| Sat, 16 Sep 2023 | дин413.0b | дин625.1b | дин81.7b | 10.2x | 5.1x | 0.7x |
| Mon, 14 Aug 2023 | дин400.4b | дин626.5b | дин82.0b | 9.8x | 4.9x | 0.6x |
| Wed, 12 Jul 2023 | дин405.7b | дин677.1b | дин109.2b | 11.1x | 3.7x | 0.6x |
| Fri, 09 Jun 2023 | дин423.4b | дин678.4b | дин109.2b | 13.8x | 3.9x | 0.6x |
| Sun, 07 May 2023 | дин422.7b | дин626.9b | дин99.4b | 8.8x | 4.3x | 0.7x |
| Tue, 04 Apr 2023 | дин412.5b | дин628.8b | дин103.2b | 8.7x | 4x | 0.7x |
| Thu, 02 Mar 2023 | дин410.6b | дин628.8b | дин103.2b | 8.6x | 4x | 0.7x |
| Sat, 28 Jan 2023 | дин396.5b | дин627.4b | дин87.9b | 9.7x | 4.5x | 0.6x |
| Mon, 26 Dec 2022 | дин332.3b | дин640.1b | дин90.8b | 7x | 3.7x | 0.5x |
| Wed, 23 Nov 2022 | дин328.3b | дин580.5b | дин72.3b | 7.6x | 4.5x | 0.6x |
| Fri, 21 Oct 2022 | дин321.2b | дин584.8b | дин72.1b | 8.5x | 4.5x | 0.5x |
| Sun, 18 Sep 2022 | дин330.6b | дин583.2b | дин73.0b | 7.6x | 4.5x | 0.6x |
| Tue, 16 Aug 2022 | дин327.1b | дин583.7b | дин73.0b | 7.7x | 4.5x | 0.6x |
| Thu, 14 Jul 2022 | дин325.4b | дин510.9b | дин50.2b | 5.7x | 6.5x | 0.6x |
| Sat, 11 Jun 2022 | дин315.5b | дин516.9b | дин50.0b | 8.1x | 6.3x | 0.6x |
| Mon, 09 May 2022 | дин288.4b | дин456.1b | дин33.3b | 12.2x | 8.7x | 0.6x |
| Wed, 06 Apr 2022 | дин305.2b | дин448.4b | дин34.6b | 11.4x | 8.8x | 0.7x |
| Fri, 04 Mar 2022 | дин294.6b | дин449.6b | дин34.6b | 9.5x | 8.5x | 0.7x |
| Sun, 30 Jan 2022 | дин309.1b | дин401.0b | дин24.9b | 10.2x | 12.4x | 0.8x |
| Tue, 28 Dec 2021 | дин295.7b | дин401.0b | дин24.9b | 8.5x | 11.9x | 0.7x |
| Thu, 25 Nov 2021 | дин278.6b | дин400.9b | дин24.9b | 8.4x | 11.2x | 0.7x |
| Sat, 23 Oct 2021 | дин290.5b | дин367.0b | дин19.4b | 11.2x | 15x | 0.8x |
| Mon, 20 Sep 2021 | дин280.1b | дин360.2b | дин19.5b | 13.1x | 14.4x | 0.8x |
| Wed, 18 Aug 2021 | дин843.8b | дин420.1b | дин25.3b | 11.4x | 33.3x | 2x |
Price to Earnings Ratio
32.9x
Current Market PE
- Investors are pessimistic on the Serbian market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 6.9x which is lower than its 3-year average PE of 8.3x.
Past Earnings Growth
- The earnings for Serbian listed companies have grown 24% per year over the last three years.
- Revenues for these companies have grown 8.9% 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 | 0.50% | |
| Financials | 3.65% | |
| Materials | 1.65% | |
| Consumer Discretionary | 0.56% | |
| Energy | 0.37% | |
| Consumer Staples | 0.099% | |
| Industrials | 0.017% | |
| Real Estate | 0% | |
| Healthcare | 0% | |
| Telecom | 0% | |
| Utilities | 0% | |
| Tech | -1.52% | |
Sector PE
- Investors favour the Industrials sector the most for future growth, which is trading above its 3-year average PE ratio of 143x.
- 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 3.7x.
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 | |
|---|---|---|---|---|---|---|
| DNOS Kompanija Dunav Osiguranje a.d.o | дин1.02k | 3.7% +дин546.8m | -1.1% | PE7.9x | Financials | |
| TGAS Messer Tehnogas AD | дин24.50k | 2.1% +дин516.3m | 75.0% | PE7.1x | Materials | |
| NIIS Naftna Industrija Srbije a.d | дин803.00 | 0.4% +дин489.2m | 13.6% | PE3.8x | Energy | |
| AERO Aerodrom Nikola Tesla a.d | дин1.91k | 0.3% +дин174.9m | -6.7% | PE4308.3x | Industrials | |
| ENHL Energoprojekt Holding a.d | дин371.00 | 1.4% +дин54.2m | 5.7% | PS0.4x | Industrials |
