A Look At The Intrinsic Value Of Eik fasteignafélag hf. (ICE:EIK)
Jul 05
Icelandic (OMX) Market Analysis & Valuation
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies28
- 7D-0.02%
- 3M-13.4%
- 1Y-16.3%
- YTD-15.2%
Over the last 7 days, the market has remained flat, although notably the Information Technology sector declined by 4.5%. The past year hasn't been profitable, with the market dropping 16%. As for the next few years, earnings are expected to grow by 16% per annum.
Market Valuation and Performance
Has the Icelandic Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | Kr1.8t | Kr1.5t | Kr154.5b | 13.7x | 11.3x | 1.2x |
| Thu, 28 Sep 2023 | Kr1.8t | Kr1.5t | Kr149.1b | 15.8x | 12.4x | 1.2x |
| Sat, 26 Aug 2023 | Kr2.0t | Kr1.5t | Kr147.7b | 16.1x | 13.8x | 1.4x |
| Mon, 24 Jul 2023 | Kr2.1t | Kr1.5t | Kr145.3b | 15.7x | 14.4x | 1.4x |
| Wed, 21 Jun 2023 | Kr1.9t | Kr1.5t | Kr146.2b | 14.6x | 13.3x | 1.3x |
| Fri, 19 May 2023 | Kr2.0t | Kr1.5t | Kr147.3b | 15x | 13.6x | 1.3x |
| Sun, 16 Apr 2023 | Kr2.1t | Kr1.5t | Kr147.9b | 15.3x | 14.5x | 1.5x |
| Tue, 14 Mar 2023 | Kr2.1t | Kr1.5t | Kr148.8b | 14.7x | 14.1x | 1.4x |
| Thu, 09 Feb 2023 | Kr2.2t | Kr1.5t | Kr146.2b | 11.5x | 14.9x | 1.5x |
| Sat, 07 Jan 2023 | Kr2.1t | Kr1.5t | Kr143.6b | 11.9x | 15x | 1.5x |
| Mon, 05 Dec 2022 | Kr2.2t | Kr1.4t | Kr144.4b | 12x | 15.2x | 1.6x |
| Wed, 02 Nov 2022 | Kr2.2t | Kr1.4t | Kr145.2b | 12.4x | 15.1x | 1.6x |
| Fri, 30 Sep 2022 | Kr2.0t | Kr1.3t | Kr135.2b | 10.7x | 15.2x | 1.6x |
| Sun, 28 Aug 2022 | Kr2.3t | Kr1.3t | Kr123.8b | 13x | 18.8x | 1.8x |
| Tue, 26 Jul 2022 | Kr2.3t | Kr1.2t | Kr134.4b | 13.4x | 17x | 1.9x |
| Thu, 23 Jun 2022 | Kr2.1t | Kr1.2t | Kr130.2b | 12.4x | 16.5x | 1.8x |
| Sat, 21 May 2022 | Kr2.2t | Kr1.1t | Kr125.5b | 12x | 17.5x | 1.9x |
| Mon, 18 Apr 2022 | Kr2.5t | Kr1.1t | Kr128.8b | 13.4x | 19.2x | 2.2x |
| Wed, 16 Mar 2022 | Kr2.4t | Kr1.1t | Kr133.2b | 13x | 18.1x | 2.2x |
| Fri, 11 Feb 2022 | Kr2.5t | Kr1.1t | Kr119.9b | 18.6x | 20.5x | 2.3x |
| Sun, 09 Jan 2022 | Kr2.5t | Kr1.1t | Kr116.3b | 18.4x | 21.3x | 2.3x |
| Tue, 07 Dec 2021 | Kr2.4t | Kr1.1t | Kr116.6b | 19.7x | 21x | 2.3x |
| Thu, 04 Nov 2021 | Kr2.5t | Kr1.1t | Kr106.8b | 20.2x | 23.5x | 2.3x |
| Sat, 02 Oct 2021 | Kr2.4t | Kr1.0t | Kr100.1b | 23.1x | 23.9x | 2.3x |
| Mon, 30 Aug 2021 | Kr2.4t | Kr998.0b | Kr96.0b | 20.6x | 24.6x | 2.4x |
| Tue, 06 Jul 2021 | Kr2.1t | Kr997.9b | Kr96.0b | 18.4x | 22.3x | 2.1x |
| Fri, 09 Apr 2021 | Kr1.6t | Kr925.0b | Kr63.2b | 20.3x | 25.6x | 1.8x |
| Thu, 31 Dec 2020 | Kr1.5t | Kr936.5b | Kr15.3b | 23.7x | 96.9x | 1.6x |
Price to Earnings Ratio
233.8x
Current Market PE
- Investors are pessimistic on the Icelandic market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 11.3x which is lower than its 3-year average PE of 38.0x.
Past Earnings Growth
- The earnings for Icelandic listed companies have grown 206% per year over the last three years.
- Revenues for these companies have grown 15% 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 Icelandic Market?
| IS Market | -0.017% | |
| Financials | 1.56% | |
| Real Estate | 0.61% | |
| Consumer Discretionary | 0.049% | |
| Energy | 0% | |
| Materials | 0% | |
| Healthcare | 0% | |
| Utilities | 0% | |
| Industrials | -0.62% | |
| Consumer Staples | -1.05% | |
| Telecom | -1.81% | |
| Tech | -4.47% | |
Sector PE
- Investors favour the Industrials sector the most for future growth even though it's trading below its 3-year average PE ratio of 71.2x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 35.9% which is higher than its past year's earnings decline of 15.3% per year.
- The Tech sector is the least preferred by investors for future growth, which is trading below its 3-year average of 31.9x.
Forecasted Growth
- Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 36% over the next 5 years.
- This is better than its past earnings decline of 15% per year.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| ISB Íslandsbanki hf | Kr106.00 | 4.4% +Kr9.0b | -17.6% | PB1x | Financials | |
| MAREL Marel hf | Kr377.00 | 1.9% +Kr5.3b | -25.8% | PE47.3x | Industrials | |
| VIS Vátryggingafélag Íslands hf | Kr15.50 | 6.2% +Kr1.7b | -14.6% | PE20.1x | Financials | |
| SJOVA Sjóvá-Almennar tryggingar hf | Kr33.45 | 2.6% +Kr991.4m | -1.6% | PE10.2x | Financials | |
| HAGA Hagar hf | Kr68.00 | 0.7% +Kr553.0m | -6.2% | PE17.2x | Consumer Staples |
Market Insights
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