Minerva Insurance Company Public Ltd (CSE:MINE) Stock Rockets 30% But Many Are Still Ignoring The Company
Apr 25
Cypriot (CYSMMAPA) Financials Sector Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies19
- 7D6.0%
- 3M15.7%
- 1Y54.5%
- YTD16.8%
The Financials industry is up 6.0% in the last week, with Bank of Cyprus Holdings up 5.7%. During this same period, the Interfund Investments underperformed, falling 6.0%. This means that the industry has gained 55% over the past year. Looking forward, earnings are forecast to decline by 16% per year.
Sector Valuation and Performance
Has the Cypriot Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | €4.5b | €1.8b | €1.2b | 6.1x | 3.8x | 2.5x |
| Tue, 16 Apr 2024 | €2.9b | €1.8b | €937.6m | 3.9x | 3.1x | 1.7x |
| Thu, 14 Mar 2024 | €4.0b | €1.8b | €963.8m | 4.4x | 4.2x | 2.2x |
| Sat, 10 Feb 2024 | €3.9b | €1.6b | €704.3m | 4.8x | 5.5x | 2.4x |
| Mon, 08 Jan 2024 | €3.0b | €1.7b | €668.8m | 4.8x | 4.6x | 1.8x |
| Wed, 06 Dec 2023 | €2.8b | €1.7b | €668.8m | 4.8x | 4.1x | 1.7x |
| Fri, 03 Nov 2023 | €2.5b | €1.5b | €401.5m | 5.3x | 6.3x | 1.7x |
| Sun, 01 Oct 2023 | €2.6b | €1.5b | €402.7m | 6.3x | 6.4x | 1.7x |
| Tue, 29 Aug 2023 | €2.6b | €1.4b | €324.5m | 10.6x | 8x | 1.8x |
| Thu, 27 Jul 2023 | €2.3b | €1.3b | €215.6m | 11.8x | 10.8x | 1.8x |
| Sat, 24 Jun 2023 | €2.4b | €1.3b | €190.9m | 10.7x | 12.7x | 1.9x |
| Mon, 22 May 2023 | €2.2b | €1.3b | €188.4m | 10.9x | 11.5x | 1.7x |
| Wed, 19 Apr 2023 | €2.1b | €1.2b | €109.9m | 11.6x | 19.2x | 1.8x |
| Fri, 17 Mar 2023 | €2.1b | €1.2b | €110.3m | 15.4x | 18.6x | 1.8x |
| Sun, 12 Feb 2023 | €1.8b | €987.1m | €68.3m | 12.6x | 26.4x | 1.8x |
| Tue, 10 Jan 2023 | €1.7b | €987.1m | €68.3m | 12.2x | 24.5x | 1.7x |
| Thu, 08 Dec 2022 | €1.6b | €987.1m | €68.3m | 11x | 23.3x | 1.6x |
| Sat, 05 Nov 2022 | €1.3b | €994.9m | €121.6m | 8.5x | 10.5x | 1.3x |
| Mon, 03 Oct 2022 | €1.2b | €1.0b | €144.8m | 8.3x | 8.3x | 1.2x |
| Wed, 31 Aug 2022 | €1.2b | €974.8m | €88.1m | 10.9x | 13.3x | 1.2x |
| Fri, 29 Jul 2022 | €1.0b | €974.8m | €88.1m | 9.8x | 11.9x | 1.1x |
| Sun, 26 Jun 2022 | €1.9b | €974.8m | €88.1m | 9.8x | 21.6x | 2x |
| Tue, 24 May 2022 | €1.8b | €951.6m | €71.2m | 9.6x | 25.8x | 1.9x |
| Thu, 21 Apr 2022 | €1.9b | €993.6m | €107.2m | 8.5x | 17.6x | 1.9x |
| Sat, 19 Mar 2022 | €1.8b | €982.1m | €108.6m | 9.8x | 16.9x | 1.9x |
| Mon, 14 Feb 2022 | €1.1b | €922.0m | €48.5m | 10.1x | 22.2x | 1.2x |
| Wed, 12 Jan 2022 | €1.1b | €921.8m | €48.8m | 10.1x | 21.6x | 1.1x |
| Fri, 10 Dec 2021 | €1.0b | €921.8m | €48.8m | 8x | 21.4x | 1.1x |
| Sun, 07 Nov 2021 | €1.0b | €900.3m | €61.2m | 6.3x | 16.8x | 1.1x |
| Tue, 05 Oct 2021 | €1.0b | €899.9m | €61.2m | 6.3x | 17x | 1.2x |
| Thu, 02 Sep 2021 | €1.1b | €880.7m | €56.5m | 5.5x | 20x | 1.3x |
| Sat, 31 Jul 2021 | €1.1b | €880.7m | €56.5m | 5.4x | 19x | 1.2x |
Price to Earnings Ratio
-27.1x
Current Industry PE
- Investors are pessimistic on the Cypriot 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 3.8x which is lower than its 3-year average PE of 13.5x.
- The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 2.5x.
Past Earnings Growth
- Total earnings for the Financials industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 32% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Cypriot Financials sector?
| CY Market | 5.18% | |
| Financials | 5.99% | |
| Insurance | 10.66% | |
| Banks | 6.09% | |
| Capital Markets | 3.10% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Diversified Financial | 0% | |
| Consumer Finance | 0% | |
Industry PE
- Investors are most optimistic about the Diversified Financial industry even though it's trading below its 3-year average PE ratio of 12.6x.
- 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 78.2x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Banks industry since they expect its earnings to decline by only 16% per year over the next 5 years, which isn't as bad as the other industries.
- This is a reversal from its past annual earnings growth rate of 668% per year.
- In contrast, the Banks industry is expected to see its earnings decline by 16% 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 | |
|---|---|---|---|---|---|
| BOCH Bank of Cyprus Holdings | €4.26 | 5.7% +€101.3m | 65.1% | PB0.7x | |
| HB Hellenic Bank | €2.51 | 6.8% +€66.0m | 39.4% | PB0.7x | |
| ATL Atlantic Insurance Company | €2.12 | 11.6% +€8.6m | 17.8% | PE6.5x | |
| DEM Demetra Holdings | €0.97 | 3.6% +€6.8m | 94.0% | PE2.2x | |
| MINE Minerva Insurance Company | €0.011 | 10.0% +€328.1k | -38.9% | PE1.8x |