Why Hampiðjan hf's (ICE:HAMP) Shaky Earnings Are Just The Beginning Of Its Problems
Mar 15
Icelandic (OMX) Market Analysis & Valuation
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies27
- 7D-1.2%
- 3M-10.2%
- 1Y-7.1%
- YTD-7.3%
Over the last 7 days, the market has remained flat, although notably the Real Estate sector declined by 3.1%. As for last year, the market is down 8.9%. Looking forward, earnings are forecast to grow by 16% annually.
Market Valuation and Performance
Has the Icelandic Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 08 May 2024 | Kr2.0t | Kr1.5t | Kr132.9b | 15.4x | 14.7x | 1.3x |
| Fri, 05 Apr 2024 | Kr2.0t | Kr1.5t | Kr130.8b | 16x | 15.3x | 1.3x |
| Sun, 03 Mar 2024 | Kr2.1t | Kr1.5t | Kr130.7b | 16.1x | 16x | 1.4x |
| Tue, 30 Jan 2024 | Kr2.2t | Kr1.5t | Kr147.9b | 16.1x | 14.9x | 1.4x |
| Thu, 28 Dec 2023 | Kr2.1t | Kr1.5t | Kr148.1b | 14.8x | 14.3x | 1.4x |
| Sat, 25 Nov 2023 | Kr1.8t | Kr1.5t | Kr147.7b | 13.2x | 12.3x | 1.2x |
| Mon, 23 Oct 2023 | Kr1.8t | Kr1.5t | Kr153.4b | 14.3x | 11.4x | 1.1x |
| Wed, 20 Sep 2023 | Kr1.9t | Kr1.5t | Kr141.5b | 16x | 13.4x | 1.3x |
| Fri, 18 Aug 2023 | Kr2.1t | Kr1.5t | Kr147.8b | 16.9x | 14x | 1.4x |
| Sun, 16 Jul 2023 | Kr2.0t | Kr1.5t | Kr144.1b | 15.2x | 13.8x | 1.3x |
| Tue, 13 Jun 2023 | Kr2.0t | Kr1.5t | Kr146.3b | 14.5x | 13.4x | 1.3x |
| Thu, 11 May 2023 | Kr2.0t | Kr1.5t | Kr147.2b | 14.7x | 13.7x | 1.3x |
| Sat, 08 Apr 2023 | Kr2.1t | Kr1.5t | Kr148.0b | 15.2x | 14.4x | 1.5x |
| Mon, 06 Mar 2023 | Kr2.2t | Kr1.5t | Kr148.5b | 15x | 14.6x | 1.5x |
| Wed, 01 Feb 2023 | Kr2.1t | Kr1.4t | Kr143.3b | 11.3x | 14.9x | 1.5x |
| Fri, 30 Dec 2022 | Kr2.1t | Kr1.4t | Kr143.0b | 11.7x | 14.8x | 1.5x |
| Sun, 27 Nov 2022 | Kr2.2t | Kr1.4t | Kr144.1b | 12.2x | 15.6x | 1.6x |
| Tue, 25 Oct 2022 | Kr2.1t | Kr1.4t | Kr150.0b | 11.2x | 13.7x | 1.5x |
| Thu, 22 Sep 2022 | Kr2.2t | Kr1.3t | Kr135.0b | 11.6x | 16.2x | 1.7x |
| Sat, 20 Aug 2022 | Kr2.4t | Kr1.2t | Kr128.2b | 14x | 18.7x | 1.9x |
| Mon, 18 Jul 2022 | Kr2.3t | Kr1.2t | Kr126.2b | 13.5x | 18.6x | 2x |
| Wed, 15 Jun 2022 | Kr2.2t | Kr1.1t | Kr124.7b | 11.7x | 17.5x | 1.9x |
| Fri, 13 May 2022 | Kr2.3t | Kr1.1t | Kr125.4b | 12.5x | 18x | 2x |
| Sun, 10 Apr 2022 | Kr2.5t | Kr1.1t | Kr130.8b | 13.4x | 19x | 2.2x |
| Tue, 08 Mar 2022 | Kr2.3t | Kr1.1t | Kr133.2b | 12.2x | 16.9x | 2x |
| Thu, 03 Feb 2022 | Kr2.4t | Kr1.1t | Kr116.4b | 18.5x | 20.9x | 2.3x |
| Sat, 01 Jan 2022 | Kr2.5t | Kr1.1t | Kr116.5b | 18.5x | 21.5x | 2.3x |
| Mon, 29 Nov 2021 | Kr2.4t | Kr1.1t | Kr116.7b | 19.5x | 20.6x | 2.2x |
| Wed, 27 Oct 2021 | Kr2.4t | Kr1.1t | Kr98.4b | 20.3x | 24.8x | 2.3x |
| Fri, 24 Sep 2021 | Kr2.2t | Kr1.0t | Kr99.5b | 21.2x | 22.4x | 2.2x |
| Sun, 22 Aug 2021 | Kr2.1t | Kr953.4b | Kr80.5b | 21.1x | 25.9x | 2.2x |
| Fri, 09 Jul 2021 | Kr2.1t | Kr997.9b | Kr96.0b | 18.4x | 22.3x | 2.1x |
Price to Earnings Ratio
29.8x
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 14.7x which is lower than its 3-year average PE of 17.3x.
Past Earnings Growth
- The earnings for Icelandic listed companies have grown 28% per year over the last three years.
- Revenues for these companies have grown 18% 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 | -1.25% | |
| Energy | 0% | |
| Materials | 0% | |
| Healthcare | 0% | |
| Tech | 0% | |
| Utilities | 0% | |
| Consumer Staples | -0.35% | |
| Industrials | -0.61% | |
| Real Estate | -1.09% | |
| Financials | -2.47% | |
| Telecom | -2.89% | |
| Consumer Discretionary | -2.96% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 25.2x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Real Estate sector is the least preferred by investors for future growth, which is trading below its 3-year average of 10.5x.
Forecasted Growth
- Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 29% over the next 5 years.
- This is better than its past earnings decline of 35% per year.
- In contrast, the Financials sector is expected to see its earnings decline by 6.3% 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 | |
|---|---|---|---|---|---|---|
| MAREL Marel hf | Kr487.00 | 0.6% +Kr2.3b | 5.6% | PE78.9x | Industrials | |
| ICEAIR Icelandair Group hf | Kr1.02 | 1.0% +Kr411.2m | -44.9% | PE692.5x | Industrials | |
| OLGERD Ölgerðin Egill Skallagrímsson hf | Kr18.50 | 0.5% +Kr280.7m | 50.4% | PE16.1x | Consumer Staples | |
| SVN Sildarvinnslan Hf | Kr91.60 | 0.1% +Kr184.6m | -19.3% | PE16.6x | Consumer Staples | |
| SFS B Sláturfélags Suðurlands svf | Kr3.00 | 8.7% +Kr138.0m | n/a | PE2.2x | Consumer Staples |