Aerostar's (BVB:ARS) Solid Earnings May Rest On Weak Foundations
Apr 26
Romanian (BET) Industrials Sector Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies78
- 7D-0.7%
- 3M-4.9%
- 1Y60.6%
- YTD3.4%
In the last week, the Industrials industry is flat overall, with TTS (Transport Trade Services) standing out by going down 7.1%. As for the the longer term, the industry is up 61% over the past 12 months. Looking forward, earnings are forecast to decline by 5.8% per year.
Sector Valuation and Performance
Has the Romanian Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | RON10.2b | RON8.7b | RON878.9m | 26.2x | 11.7x | 1.2x |
| Tue, 16 Apr 2024 | RON10.2b | RON7.5b | RON891.2m | 17x | 11.4x | 1.4x |
| Thu, 14 Mar 2024 | RON8.1b | RON6.0b | RON856.3m | 14.3x | 9.5x | 1.4x |
| Sat, 10 Feb 2024 | RON7.0b | RON5.5b | RON700.9m | 12x | 9.9x | 1.3x |
| Mon, 08 Jan 2024 | RON6.4b | RON5.5b | RON700.9m | 11x | 9.1x | 1.2x |
| Wed, 06 Dec 2023 | RON6.0b | RON5.5b | RON706.6m | 10.9x | 8.6x | 1.1x |
| Fri, 03 Nov 2023 | RON6.0b | RON5.4b | RON700.5m | 9.1x | 8.6x | 1.1x |
| Sun, 01 Oct 2023 | RON6.2b | RON5.4b | RON700.5m | 9.6x | 8.9x | 1.2x |
| Tue, 29 Aug 2023 | RON5.7b | RON5.2b | RON697.4m | 8.5x | 8.2x | 1.1x |
| Thu, 27 Jul 2023 | RON6.2b | RON5.2b | RON705.9m | 8.3x | 8.7x | 1.2x |
| Sat, 24 Jun 2023 | RON4.5b | RON5.3b | RON705.9m | 7x | 6.4x | 0.8x |
| Mon, 22 May 2023 | RON4.1b | RON5.1b | RON539.5m | 8.9x | 7.6x | 0.8x |
| Wed, 19 Apr 2023 | RON3.9b | RON4.8b | RON408.3m | 9.8x | 9.5x | 0.8x |
| Fri, 17 Mar 2023 | RON3.8b | RON4.7b | RON381.9m | 9.9x | 9.9x | 0.8x |
| Sun, 12 Feb 2023 | RON3.7b | RON4.6b | RON402.5m | 8.4x | 9.3x | 0.8x |
| Tue, 10 Jan 2023 | RON3.6b | RON4.6b | RON402.5m | 7.9x | 8.8x | 0.8x |
| Thu, 08 Dec 2022 | RON3.5b | RON4.6b | RON393.1m | 7.9x | 8.9x | 0.8x |
| Sat, 05 Nov 2022 | RON3.4b | RON4.3b | RON363.9m | 8x | 9.3x | 0.8x |
| Mon, 03 Oct 2022 | RON3.2b | RON4.3b | RON350.4m | 7.8x | 9.2x | 0.8x |
| Wed, 31 Aug 2022 | RON3.6b | RON4.2b | RON318.5m | 11.8x | 11.2x | 0.8x |
| Fri, 29 Jul 2022 | RON3.5b | RON4.1b | RON269.3m | 12x | 13.1x | 0.9x |
| Sun, 26 Jun 2022 | RON3.5b | RON4.1b | RON270.6m | 12x | 13.1x | 0.9x |
| Tue, 24 May 2022 | RON3.5b | RON4.0b | RON254.7m | 11.9x | 13.8x | 0.9x |
| Thu, 21 Apr 2022 | RON4.0b | RON3.9b | RON270.6m | 9.1x | 14.8x | 1x |
| Sat, 19 Mar 2022 | RON4.1b | RON4.0b | RON259.8m | 9.4x | 15.7x | 1x |
| Mon, 14 Feb 2022 | RON3.9b | RON3.2b | RON182.1m | 12.9x | 21.6x | 1.2x |
| Wed, 12 Jan 2022 | RON3.9b | RON3.2b | RON182.1m | 13.3x | 21.6x | 1.2x |
| Fri, 10 Dec 2021 | RON2.7b | RON1.3b | RON119.1m | 13.9x | 22.8x | 2x |
| Sun, 07 Nov 2021 | RON3.0b | RON1.3b | RON108.0m | 14.3x | 27.6x | 2.3x |
| Tue, 05 Oct 2021 | RON2.7b | RON1.3b | RON108.0m | 13.3x | 25.3x | 2.1x |
| Thu, 02 Sep 2021 | RON2.6b | RON1.3b | RON111.2m | 11x | 23.6x | 2x |
| Sat, 31 Jul 2021 | RON2.3b | RON1.3b | RON111.2m | 10.5x | 21x | 1.8x |
Price to Earnings Ratio
16.6x
Current Industry PE
- Investors are pessimistic on the Romanian Industrials 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 9.8x which is lower than its 3-year average PE of 13.4x.
- The industry is trading close to its 3-year average PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have grown 126% per year over the last three years.
- Revenues for these companies have grown 90% 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 Romanian Industrials sector?
| RO Market | 0.42% | |
| Industrials | -0.66% | |
| Electrical | 9.49% | |
| Aerospace & Defense | 1.67% | |
| Logistics | 1.26% | |
| Building | 0.091% | |
| Industrials | 0% | |
| Trade Distributors | 0% | |
| Commercial Services | 0% | |
| Professional Services | 0% | |
| Airlines | 0% | |
| Transportation | 0% | |
| Machinery | -0.044% | |
| Construction | -0.55% | |
| Infrastructure | -1.16% | |
| Marine and Shipping | -6.53% | |
Industry PE
- Investors are most optimistic about the Building industry which is trading above its 3-year average PE ratio.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Construction industry, which is trading below its 3-year average of 24.1x.
Forecasted Growth
- Analysts are most optimistic on the Logistics industry, expecting annual earnings growth of 18% over the next 5 years.
- This is better than its past earnings decline of 9.8% per year.
- In contrast, the Marine and Shipping industry is expected to see its earnings decline by 30% 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 | |
|---|---|---|---|---|---|
| ARS Aerostar | RON9.30 | 2.2% +RON30.5m | 20.0% | PE16.1x | |
| CMVX Comvex | RON106.00 | 1.9% +RON23.3m | n/a | PE6.5x | |
| SNC Santierul Naval Constanta | RON3.94 | 7.7% +RON18.2m | n/a | PE33.7x | |
| AQ Aquila Part Prod Com | RON1.21 | 1.3% +RON18.0m | 70.9% | PE16.1x | |
| IPRU S.C. Iproeb | RON1.09 | 11.8% +RON14.4m | n/a | PE8x |