Icelandic (OMX) Financials Sector Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies5
- 7D1.6%
- 3M-11.8%
- 1Y-17.4%
- YTD-12.8%
Over the last 7 days, the Financials industry has dropped 2.1%, driven by Íslandsbanki hf declining 4.8%. The industry has fallen 16% in the last year. Earnings are forecast to grow by 2.7% annually.
Sector Valuation and Performance
Has the Icelandic Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | Kr534.6b | Kr203.2b | Kr57.6b | 13x | 9.3x | 2.6x |
| Wed, 27 Sep 2023 | Kr548.3b | Kr201.3b | Kr57.7b | 13.9x | 9.5x | 2.7x |
| Fri, 25 Aug 2023 | Kr592.7b | Kr200.3b | Kr58.5b | 13.8x | 10.1x | 3x |
| Sun, 23 Jul 2023 | Kr621.8b | Kr194.9b | Kr54.1b | 14.2x | 11.5x | 3.2x |
| Tue, 20 Jun 2023 | Kr564.0b | Kr194.9b | Kr54.1b | 13.8x | 10.4x | 2.9x |
| Thu, 18 May 2023 | Kr582.5b | Kr193.8b | Kr53.2b | 14.9x | 10.9x | 3x |
| Sat, 15 Apr 2023 | Kr609.7b | Kr187.1b | Kr51.8b | 15.6x | 11.8x | 3.3x |
| Mon, 13 Mar 2023 | Kr619.2b | Kr187.1b | Kr51.8b | 14.7x | 11.9x | 3.3x |
| Wed, 08 Feb 2023 | Kr654.2b | Kr187.5b | Kr54.6b | 12.3x | 12x | 3.5x |
| Fri, 06 Jan 2023 | Kr614.5b | Kr187.5b | Kr54.6b | 11.8x | 11.3x | 3.3x |
| Sun, 04 Dec 2022 | Kr647.6b | Kr187.5b | Kr54.6b | 12x | 11.9x | 3.5x |
| Tue, 01 Nov 2022 | Kr660.1b | Kr188.5b | Kr56.0b | 12.3x | 11.8x | 3.5x |
| Thu, 29 Sep 2022 | Kr625.1b | Kr191.5b | Kr63.1b | 9.7x | 9.9x | 3.3x |
| Sat, 27 Aug 2022 | Kr702.7b | Kr191.5b | Kr63.1b | 10.8x | 11.1x | 3.7x |
| Mon, 25 Jul 2022 | Kr677.4b | Kr197.7b | Kr73.6b | 8.4x | 9.2x | 3.4x |
| Wed, 22 Jun 2022 | Kr621.3b | Kr200.4b | Kr76.8b | 7.8x | 8.1x | 3.1x |
| Fri, 20 May 2022 | Kr638.0b | Kr200.5b | Kr77.9b | 8.7x | 8.2x | 3.2x |
| Sun, 17 Apr 2022 | Kr701.5b | Kr198.4b | Kr77.7b | 9.5x | 9x | 3.5x |
| Tue, 15 Mar 2022 | Kr715.2b | Kr198.4b | Kr77.7b | 10.1x | 9.2x | 3.6x |
| Thu, 10 Feb 2022 | Kr734.0b | Kr190.3b | Kr77.1b | 9.6x | 9.5x | 3.9x |
| Sat, 08 Jan 2022 | Kr735.8b | Kr190.3b | Kr77.1b | 9.6x | 9.5x | 3.9x |
| Mon, 06 Dec 2021 | Kr741.6b | Kr190.3b | Kr77.1b | 9.6x | 9.6x | 3.9x |
| Wed, 03 Nov 2021 | Kr779.6b | Kr184.4b | Kr73.7b | 10.4x | 10.6x | 4.2x |
| Fri, 01 Oct 2021 | Kr717.1b | Kr174.8b | Kr65.4b | 10.3x | 11x | 4.1x |
| Sun, 29 Aug 2021 | Kr459.6b | Kr130.2b | Kr50.0b | 7.6x | 9.2x | 3.5x |
| Mon, 05 Jul 2021 | Kr645.3b | Kr174.8b | Kr65.4b | 9.4x | 9.9x | 3.7x |
| Thu, 08 Apr 2021 | Kr316.1b | Kr119.5b | Kr40.4b | 6.7x | 7.8x | 2.6x |
| Sun, 10 Jan 2021 | Kr264.1b | Kr105.6b | Kr26.2b | 12.5x | 10.1x | 2.5x |
Price to Earnings Ratio
11.3x
Current Industry PE
- Investors are pessimistic on the Icelandic Financials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 9.1x which is lower than its 3-year average PE of 10.3x.
- The 3-year average PS ratio of 3.3x is higher than the industry's current PS ratio of 2.6x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 43% per year over the last three years.
- Revenues for these companies have grown 26% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Icelandic Financials sector?
| IS Market | -0.017% | |
| Financials | 1.56% | |
| Insurance | 4.71% | |
| Banks | 1.36% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Diversified Financial | 0% | |
| Consumer Finance | 0% | |
| Capital Markets | -0.36% | |
Industry PE
- Investors are most optimistic about the Insurance industry which is trading above its 3-year average PE ratio of 10.4x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Banks industry, which is trading below its 3-year average of 10.7x.
Forecasted Growth
- Analysts are most optimistic on the Banks industry, expecting annual earnings growth of 2.7% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Banks industry is expected to see its earnings grow by 2.7% 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 | |
|---|---|---|---|---|---|
| ISB Íslandsbanki hf | Kr106.50 | 4.9% +Kr10.0b | -17.2% | PB1x | |
| VIS Vátryggingafélag Íslands hf | Kr15.40 | 5.5% +Kr1.5b | -15.2% | PE20x | |
| SJOVA Sjóvá-Almennar tryggingar hf | Kr33.40 | 2.5% +Kr933.1m | -1.8% | PE16.6x | |
| KVIKA Kvika banki hf | Kr14.00 | 0.7% +Kr472.2m | -27.3% | PE13x |