Tunisian (TUNINDEX) Market Analysis & Valuation
UpdatedJul 09, 2024
DataAggregated Company Financials
Companies74
- 7D0.02%
- 3M2.9%
- 1Y2.1%
- YTD6.9%
Over the last 7 days, the market has remained flat, although notably the Communication Services sector declined by 4.7%. As for the longer term, the market has also been flat over the past year. Looking forward, earnings are expected to remain mostly flat in the next few years.
Market Valuation and Performance
Has the Tunisian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 09 Jul 2024 | د.ت26.1b | د.ت20.3b | د.ت2.7b | 9.1x | 9.9x | 1.3x |
| Thu, 06 Jun 2024 | د.ت25.7b | د.ت22.3b | د.ت2.7b | 8.5x | 9.6x | 1.1x |
| Sat, 04 May 2024 | د.ت25.4b | د.ت21.9b | د.ت2.6b | 8.9x | 9.7x | 1.2x |
| Mon, 01 Apr 2024 | د.ت25.1b | د.ت21.2b | د.ت2.4b | 8.5x | 10.5x | 1.2x |
| Wed, 28 Feb 2024 | د.ت24.0b | د.ت21.1b | د.ت2.4b | 8.4x | 10.1x | 1.1x |
| Fri, 26 Jan 2024 | د.ت24.0b | د.ت20.8b | د.ت2.2b | 8.7x | 10.8x | 1.2x |
| Sun, 24 Dec 2023 | د.ت24.4b | د.ت21.0b | د.ت2.2b | 9.1x | 10.9x | 1.2x |
| Tue, 21 Nov 2023 | د.ت24.1b | د.ت21.5b | د.ت2.4b | 8.6x | 9.9x | 1.1x |
| Thu, 19 Oct 2023 | د.ت24.1b | د.ت21.4b | د.ت2.4b | 8.5x | 9.9x | 1.1x |
| Sat, 16 Sep 2023 | د.ت25.1b | د.ت19.5b | د.ت2.4b | 8.7x | 10.4x | 1.3x |
| Mon, 14 Aug 2023 | د.ت25.1b | د.ت18.9b | د.ت2.3b | 9.6x | 10.7x | 1.3x |
| Wed, 12 Jul 2023 | د.ت25.7b | د.ت19.0b | د.ت2.3b | 9.6x | 11x | 1.4x |
| Fri, 09 Jun 2023 | د.ت25.1b | د.ت20.7b | د.ت2.4b | 9.7x | 10.6x | 1.2x |
| Sun, 07 May 2023 | د.ت24.5b | د.ت20.2b | د.ت2.4b | 9.7x | 10.4x | 1.2x |
| Tue, 04 Apr 2023 | د.ت24.1b | د.ت19.6b | د.ت2.2b | 9.6x | 11.1x | 1.2x |
| Thu, 02 Mar 2023 | د.ت22.3b | د.ت19.5b | د.ت2.2b | 9.8x | 10.3x | 1.1x |
| Sat, 28 Jan 2023 | د.ت22.9b | د.ت19.5b | د.ت2.2b | 9.9x | 10.6x | 1.2x |
| Mon, 26 Dec 2022 | د.ت22.3b | د.ت19.3b | د.ت2.2b | 9.2x | 10.3x | 1.2x |
| Wed, 23 Nov 2022 | د.ت22.5b | د.ت19.1b | د.ت2.2b | 9.9x | 10.4x | 1.2x |
| Fri, 21 Oct 2022 | د.ت22.8b | د.ت19.1b | د.ت2.2b | 9.8x | 10.6x | 1.2x |
| Sun, 18 Sep 2022 | د.ت22.9b | د.ت18.1b | د.ت2.2b | 9.9x | 10.4x | 1.3x |
| Tue, 16 Aug 2022 | د.ت22.4b | د.ت17.3b | د.ت2.2b | 10.1x | 10.3x | 1.3x |
| Thu, 14 Jul 2022 | د.ت21.8b | د.ت17.3b | د.ت2.2b | 9.8x | 10x | 1.3x |
| Sat, 11 Jun 2022 | د.ت21.3b | د.ت17.6b | د.ت2.2b | 9.9x | 9.9x | 1.2x |
| Mon, 09 May 2022 | د.ت21.9b | د.ت16.9b | د.ت2.1b | 10.5x | 10.3x | 1.3x |
| Wed, 06 Apr 2022 | د.ت21.7b | د.ت16.4b | د.ت1.8b | 11.2x | 11.8x | 1.3x |
| Fri, 04 Mar 2022 | د.ت22.0b | د.ت16.2b | د.ت1.8b | 11.8x | 12.3x | 1.4x |
| Sun, 30 Jan 2022 | د.ت22.2b | د.ت16.1b | د.ت1.8b | 11.8x | 12.5x | 1.4x |
| Tue, 28 Dec 2021 | د.ت21.5b | د.ت16.2b | د.ت1.8b | 11.6x | 12.2x | 1.3x |
| Thu, 25 Nov 2021 | د.ت21.9b | د.ت15.5b | د.ت1.7b | 12.2x | 12.6x | 1.4x |
| Sat, 23 Oct 2021 | د.ت21.7b | د.ت15.5b | د.ت1.7b | 12x | 12.4x | 1.4x |
| Mon, 20 Sep 2021 | د.ت22.0b | د.ت15.5b | د.ت1.7b | 11.4x | 12.6x | 1.4x |
| Wed, 18 Aug 2021 | د.ت21.9b | د.ت16.6b | د.ت1.7b | 12.3x | 12.9x | 1.3x |
Price to Earnings Ratio
12.8x
Current Market PE
- Investors are relatively neutral on the Tunisian 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 10.9x.
Past Earnings Growth
- The earnings for Tunisian listed companies have grown 18% per year over the last three years.
- Revenues for these companies have grown 7.8% 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 Tunisian Market?
| TN Market | 0.024% | |
| Tech | 1.79% | |
| Healthcare | 1.44% | |
| Materials | 0.89% | |
| Real Estate | 0.37% | |
| Consumer Staples | 0.37% | |
| Financials | 0.036% | |
| Utilities | 0% | |
| Industrials | -0.44% | |
| Consumer Discretionary | -2.09% | |
| Energy | -2.45% | |
| Telecom | -4.71% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth even though it's trading below its 3-year average PE ratio of 52.7x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 35.1% which is higher than its past year's earnings decline of 29.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 87% over the next 5 years.
- This is better than its past earnings growth rate of 62% per year.
- In contrast, the Telecom sector is expected to see its earnings decline by 13% 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 | |
|---|---|---|---|---|---|---|
| STB Société Tunisienne de Banque Société anonyme | د.ت3.35 | 9.8% +د.ت46.3m | -11.8% | PB0.4x | Financials | |
| BIAT Banque Internationale Arabe de Tunisie Société anonyme | د.ت101.21 | 1.2% +د.ت43.2m | 8.2% | PB1.7x | Financials | |
| CC Carthage Cement | د.ت1.99 | 3.6% +د.ت24.1m | -2.5% | PE12.4x | Materials | |
| DH Délice Holding | د.ت13.60 | 2.3% +د.ت16.5m | 0.7% | PE7.6x | Consumer Staples | |
| SFBT Société de Fabrication des Boissons de Tunisie Société Anonyme | د.ت12.55 | 0.4% +د.ت13.4m | -8.1% | PE11.9x | Consumer Staples |
