Icelandic (OMX) Financials Sector Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies5
- 7D1.1%
- 3M-9.5%
- 1Y-7.7%
- YTD-10.6%
Over the last 7 days, the Financials industry has risen 1.1%, driven by gains from Arion banki hf of 3.0%. However, the industry is down 7.7% over the past year. In the next few years, earnings are forecast to decline by 4.3% annually.
Sector Valuation and Performance
Has the Icelandic Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | Kr536.4b | Kr201.6b | Kr56.5b | 9.8x | 9.5x | 2.7x |
| Tue, 16 Apr 2024 | Kr554.4b | Kr203.4b | Kr59.1b | 9.6x | 9.4x | 2.7x |
| Thu, 14 Mar 2024 | Kr590.5b | Kr203.4b | Kr59.1b | 10.2x | 10x | 2.9x |
| Sat, 10 Feb 2024 | Kr617.2b | Kr206.1b | Kr60.5b | 13.5x | 10.2x | 3x |
| Mon, 08 Jan 2024 | Kr628.5b | Kr205.3b | Kr58.7b | 12x | 10.7x | 3.1x |
| Wed, 06 Dec 2023 | Kr555.4b | Kr205.3b | Kr58.7b | 10.8x | 9.5x | 2.7x |
| Fri, 03 Nov 2023 | Kr528.9b | Kr205.2b | Kr59.7b | 10.1x | 8.9x | 2.6x |
| Sun, 01 Oct 2023 | Kr556.5b | Kr200.6b | Kr58.5b | 12x | 9.5x | 2.8x |
| Tue, 29 Aug 2023 | Kr591.0b | Kr200.3b | Kr58.5b | 13.7x | 10.1x | 3x |
| Thu, 27 Jul 2023 | Kr606.7b | Kr194.9b | Kr54.1b | 14.1x | 11.2x | 3.1x |
| Sat, 24 Jun 2023 | Kr575.0b | Kr194.9b | Kr54.1b | 14.4x | 10.6x | 3x |
| Mon, 22 May 2023 | Kr586.6b | Kr193.8b | Kr53.2b | 14.8x | 11x | 3x |
| Wed, 19 Apr 2023 | Kr594.2b | Kr187.1b | Kr51.8b | 15.4x | 11.5x | 3.2x |
| Fri, 17 Mar 2023 | Kr597.6b | Kr187.1b | Kr51.8b | 13.9x | 11.5x | 3.2x |
| Sun, 12 Feb 2023 | Kr655.2b | Kr189.3b | Kr53.3b | 15.3x | 12.3x | 3.5x |
| Tue, 10 Jan 2023 | Kr620.6b | Kr187.5b | Kr54.6b | 11.8x | 11.4x | 3.3x |
| Thu, 08 Dec 2022 | Kr639.1b | Kr187.5b | Kr54.6b | 11.8x | 11.7x | 3.4x |
| Sat, 05 Nov 2022 | Kr646.0b | Kr188.5b | Kr56.0b | 12x | 11.5x | 3.4x |
| Mon, 03 Oct 2022 | Kr636.3b | Kr191.5b | Kr63.1b | 9.9x | 10.1x | 3.3x |
| Wed, 31 Aug 2022 | Kr696.0b | Kr191.5b | Kr63.1b | 10.7x | 11x | 3.6x |
| Fri, 29 Jul 2022 | Kr680.1b | Kr197.7b | Kr73.6b | 8.4x | 9.2x | 3.4x |
| Sun, 26 Jun 2022 | Kr631.9b | Kr200.4b | Kr76.8b | 8x | 8.2x | 3.2x |
| Tue, 24 May 2022 | Kr644.4b | Kr200.4b | Kr76.8b | 8.8x | 8.4x | 3.2x |
| Thu, 21 Apr 2022 | Kr697.7b | Kr198.4b | Kr77.7b | 9.4x | 9x | 3.5x |
| Sat, 19 Mar 2022 | Kr698.6b | Kr198.4b | Kr77.7b | 9.7x | 9x | 3.5x |
| Mon, 14 Feb 2022 | Kr755.5b | Kr191.9b | Kr75.0b | 10.6x | 10.1x | 3.9x |
| Wed, 12 Jan 2022 | Kr723.7b | Kr190.3b | Kr77.1b | 9.4x | 9.4x | 3.8x |
| Fri, 10 Dec 2021 | Kr740.3b | Kr190.3b | Kr77.1b | 9.7x | 9.6x | 3.9x |
| Sun, 07 Nov 2021 | Kr767.6b | Kr186.3b | Kr74.6b | 10.1x | 10.3x | 4.1x |
| Tue, 05 Oct 2021 | Kr720.5b | Kr174.8b | Kr65.4b | 10.4x | 11x | 4.1x |
| Thu, 02 Sep 2021 | Kr708.0b | Kr174.8b | Kr65.4b | 9.9x | 10.8x | 4x |
| Sat, 31 Jul 2021 | Kr669.9b | Kr174.8b | Kr65.4b | 9.7x | 10.2x | 3.8x |
Price to Earnings Ratio
9.8x
Current Industry PE
- Investors are relatively neutral on the Icelandic Financials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 10.2x.
- The 3-year average PS ratio of 3.3x is higher than the industry's current PS ratio of 2.7x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 12% per year over the last three years.
- Revenues for these companies have grown 19% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Icelandic Financials sector?
| IS Market | 1.58% | |
| Financials | 1.06% | |
| Capital Markets | 2.50% | |
| Banks | 0.97% | |
| Insurance | 0.26% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Diversified Financial | 0% | |
| Consumer Finance | 0% | |
Industry PE
- Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 15.7x.
- 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 10.2x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Banks industry since they expect its earnings to decline by only 4.3% 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 7.1% per year.
- In contrast, the Banks industry is expected to see its earnings decline by 4.3% 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 | |
|---|---|---|---|---|---|
| ARION Arion banki hf | Kr139.00 | 3.0% +Kr5.5b | 1.5% | PB1x | |
| KVIKA Kvika banki hf | Kr14.35 | 2.5% +Kr1.7b | -18.7% | PE26.6x | |
| SKAGI Vátryggingafélag Íslands hf | Kr16.60 | 0.6% +Kr190.6m | -6.7% | PE17.1x |