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Irish (ISEQ) Market Analysis & Valuation
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies18
- 7D1.9%
- 3M10.7%
- 1Y15.9%
- YTD12.0%
The market has climbed 1.9% in the last 7 days, lead by the Financials sector with a gain of 6.0%. As for the past 12 months, the market is up 16%. Looking forward, earnings are forecast to grow by 5.6% annually.
Market Valuation and Performance
Has the Irish Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 09 May 2024 | €98.5b | €61.2b | €8.2b | 14.6x | 11.9x | 1.6x |
| Sat, 06 Apr 2024 | €97.9b | €61.2b | €8.2b | 14.4x | 11.9x | 1.6x |
| Mon, 04 Mar 2024 | €92.9b | €60.2b | €7.6b | 10.9x | 12.2x | 1.5x |
| Wed, 31 Jan 2024 | €89.8b | €62.1b | €7.5b | 10.9x | 11.9x | 1.4x |
| Fri, 29 Dec 2023 | €88.0b | €61.6b | €7.7b | 10.9x | 11.4x | 1.4x |
| Sun, 26 Nov 2023 | €83.8b | €61.6b | €7.7b | 10.2x | 10.9x | 1.4x |
| Tue, 24 Oct 2023 | €78.2b | €60.9b | €7.3b | 9.6x | 10.8x | 1.3x |
| Thu, 21 Sep 2023 | €85.0b | €61.0b | €7.3b | 10.1x | 11.6x | 1.4x |
| Sat, 19 Aug 2023 | €85.7b | €60.9b | €7.3b | 10.1x | 11.7x | 1.4x |
| Mon, 17 Jul 2023 | €86.0b | €59.3b | €5.8b | 12.4x | 14.7x | 1.5x |
| Wed, 14 Jun 2023 | €85.2b | €59.2b | €5.8b | 13.3x | 14.6x | 1.4x |
| Fri, 12 May 2023 | €84.7b | €58.6b | €5.9b | 12.3x | 14.4x | 1.4x |
| Sun, 09 Apr 2023 | €81.8b | €58.6b | €5.9b | 12x | 13.9x | 1.4x |
| Tue, 07 Mar 2023 | €87.7b | €58.4b | €6.1b | 12.6x | 14.4x | 1.5x |
| Thu, 02 Feb 2023 | €84.0b | €54.6b | €6.0b | 12.8x | 13.9x | 1.5x |
| Sat, 31 Dec 2022 | €75.5b | €53.7b | €5.7b | 12.2x | 13.1x | 1.4x |
| Mon, 28 Nov 2022 | €76.1b | €53.7b | €5.7b | 13.4x | 13.2x | 1.4x |
| Wed, 26 Oct 2022 | €72.7b | €51.5b | €4.9b | 13.8x | 14.9x | 1.4x |
| Fri, 23 Sep 2022 | €71.9b | €51.1b | €4.9b | 13.1x | 14.8x | 1.4x |
| Sun, 21 Aug 2022 | €56.6b | €41.8b | €3.9b | 18.4x | 14.5x | 1.4x |
| Tue, 19 Jul 2022 | €52.8b | €36.8b | €3.0b | 17.7x | 17.7x | 1.4x |
| Thu, 16 Jun 2022 | €58.3b | €36.9b | €3.0b | 17.5x | 19.3x | 1.6x |
| Sat, 14 May 2022 | €108.6b | €73.0b | €6.1b | 18.4x | 17.9x | 1.5x |
| Mon, 11 Apr 2022 | €109.4b | €71.7b | €6.0b | 20.8x | 18.3x | 1.5x |
| Wed, 09 Mar 2022 | €100.9b | €71.2b | €6.0b | 14.1x | 16.7x | 1.4x |
| Fri, 04 Feb 2022 | €125.3b | €64.7b | €3.3b | 27.1x | 37.6x | 1.9x |
| Sun, 02 Jan 2022 | €127.4b | €63.7b | €3.1b | 27.8x | 41x | 2x |
| Tue, 30 Nov 2021 | €140.6b | €71.0b | €3.0b | 22.8x | 46.1x | 2x |
| Thu, 28 Oct 2021 | €154.0b | €69.6b | €2.5b | 23.5x | 61.5x | 2.2x |
| Sat, 25 Sep 2021 | €157.6b | €69.1b | €2.5b | 23x | 63.9x | 2.3x |
| Mon, 23 Aug 2021 | €156.1b | €68.8b | €2.5b | 23.8x | 63.6x | 2.3x |
| Sat, 10 Jul 2021 | €146.8b | €68.7b | €2.4b | 22.9x | 60.1x | 2.1x |
Price to Earnings Ratio
117.2x
Current Market PE
- Investors are pessimistic on the Irish market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 11.9x which is lower than its 3-year average PE of 25.7x.
Past Earnings Growth
- The earnings for Irish listed companies have grown 87% per year over the last three years, while revenues have remained steady.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Sector Trends
Which sectors have driven the changes within the Irish Market?
| IE Market | 1.93% | |
| Materials | 7.48% | |
| Financials | 5.95% | |
| Utilities | 3.51% | |
| Real Estate | 2.12% | |
| Healthcare | 1.71% | |
| Consumer Discretionary | 0.58% | |
| Consumer Staples | 0.025% | |
| Energy | 0% | |
| Tech | 0% | |
| Telecom | 0% | |
| Industrials | -1.24% | |
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 23.2x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 8.9% which is higher than its past year's earnings decline of 1.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 126% over the next 5 years.
- In contrast, the Financials sector is expected to see its earnings decline by 5.7% 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 | Sector | |
|---|---|---|---|---|---|---|
| KRX Kingspan Group | €89.60 | 6.9% +€1.1b | 45.9% | PE25.6x | Industrials | |
| SK3 Smurfit Kappa Group | €43.75 | 7.4% +€777.6m | 30.8% | PE15x | Materials | |
| A5G AIB Group | €5.12 | 5.1% +€652.1m | 32.8% | PB0.9x | Financials | |
| BIRG Bank of Ireland Group | €10.59 | 5.4% +€575.4m | 11.2% | PB0.9x | Financials | |
| GL9 Glanbia | €18.41 | 3.2% +€147.0m | 30.9% | PE14.8x | Consumer Staples |
