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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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 31 Oct 2023Kr1.8tKr1.5tKr154.5b13.7x11.3x1.2x
Thu, 28 Sep 2023Kr1.8tKr1.5tKr149.1b15.8x12.4x1.2x
Sat, 26 Aug 2023Kr2.0tKr1.5tKr147.7b16.1x13.8x1.4x
Mon, 24 Jul 2023Kr2.1tKr1.5tKr145.3b15.7x14.4x1.4x
Wed, 21 Jun 2023Kr1.9tKr1.5tKr146.2b14.6x13.3x1.3x
Fri, 19 May 2023Kr2.0tKr1.5tKr147.3b15x13.6x1.3x
Sun, 16 Apr 2023Kr2.1tKr1.5tKr147.9b15.3x14.5x1.5x
Tue, 14 Mar 2023Kr2.1tKr1.5tKr148.8b14.7x14.1x1.4x
Thu, 09 Feb 2023Kr2.2tKr1.5tKr146.2b11.5x14.9x1.5x
Sat, 07 Jan 2023Kr2.1tKr1.5tKr143.6b11.9x15x1.5x
Mon, 05 Dec 2022Kr2.2tKr1.4tKr144.4b12x15.2x1.6x
Wed, 02 Nov 2022Kr2.2tKr1.4tKr145.2b12.4x15.1x1.6x
Fri, 30 Sep 2022Kr2.0tKr1.3tKr135.2b10.7x15.2x1.6x
Sun, 28 Aug 2022Kr2.3tKr1.3tKr123.8b13x18.8x1.8x
Tue, 26 Jul 2022Kr2.3tKr1.2tKr134.4b13.4x17x1.9x
Thu, 23 Jun 2022Kr2.1tKr1.2tKr130.2b12.4x16.5x1.8x
Sat, 21 May 2022Kr2.2tKr1.1tKr125.5b12x17.5x1.9x
Mon, 18 Apr 2022Kr2.5tKr1.1tKr128.8b13.4x19.2x2.2x
Wed, 16 Mar 2022Kr2.4tKr1.1tKr133.2b13x18.1x2.2x
Fri, 11 Feb 2022Kr2.5tKr1.1tKr119.9b18.6x20.5x2.3x
Sun, 09 Jan 2022Kr2.5tKr1.1tKr116.3b18.4x21.3x2.3x
Tue, 07 Dec 2021Kr2.4tKr1.1tKr116.6b19.7x21x2.3x
Thu, 04 Nov 2021Kr2.5tKr1.1tKr106.8b20.2x23.5x2.3x
Sat, 02 Oct 2021Kr2.4tKr1.0tKr100.1b23.1x23.9x2.3x
Mon, 30 Aug 2021Kr2.4tKr998.0bKr96.0b20.6x24.6x2.4x
Tue, 06 Jul 2021Kr2.1tKr997.9bKr96.0b18.4x22.3x2.1x
Fri, 09 Apr 2021Kr1.6tKr925.0bKr63.2b20.3x25.6x1.8x
Thu, 31 Dec 2020Kr1.5tKr936.5bKr15.3b23.7x96.9x1.6x
Price to Earnings Ratio

233.8x


Total Market Cap: Kr1.3tTotal Earnings: Kr5.4bTotal Revenue: Kr992.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Icelandic Market Price to Earnings3Y Average 32.4x202120222023
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%
Financials1.56%
Real Estate0.61%
Consumer Discretionary0.049%
Energy0%
Materials0%
Healthcare0%
Utilities0%
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?

CompanyLast Price7D1YValuationSector
ISB ĂŤslandsbanki hfKr106.004.4%
+Kr9.0b
-17.6%PB1xFinancials
MAREL Marel hfKr377.001.9%
+Kr5.3b
-25.8%PE47.3xIndustrials
VIS Vátryggingafélag Íslands hfKr15.506.2%
+Kr1.7b
-14.6%PE20.1xFinancials
SJOVA Sjóvá-Almennar tryggingar hfKr33.452.6%
+Kr991.4m
-1.6%PE10.2xFinancials
HAGA Hagar hfKr68.000.7%
+Kr553.0m
-6.2%PE17.2xConsumer Staples
See more
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SJOVA

Kr33.45

Sjóvá-Almennar tryggingar hf

7D

2.6%

1Y

-1.6%

ISB

Kr106.00

ĂŤslandsbanki hf

7D

4.4%

1Y

-17.6%

ARION

Kr129.00

Arion banki hf

7D

-1.9%

1Y

-20.6%

MAREL

Kr377.00

Marel hf

7D

1.9%

1Y

-25.8%

ICEAIR

Kr1.39

Icelandair Group hf

7D

0.4%

1Y

-26.5%

VIS

Kr15.50

Vátryggingafélag Íslands hf

7D

6.2%

1Y

-14.6%

KVIKA

Kr14.00

Kvika banki hf

7D

0.7%

1Y

-27.3%

HAMP

Kr127.00

HampiĂ°jan hf

7D

-0.8%

1Y

38.8%

SIMINN

Kr8.85

SĂ­minn hf

7D

-2.2%

1Y

-22.4%

SVN

Kr96.00

Sildarvinnslan Hf

7D

-0.2%

1Y

-15.4%

BRIM

Kr68.80

Brim hf

7D

-0.3%

1Y

-17.1%

EIM

Kr470.00

Eimskipafélag Íslands hf

7D

-1.1%

1Y

-14.5%

HAGA

Kr68.00

Hagar hf

7D

0.7%

1Y

-6.2%