Tunisian (TUNINDEX) Banks Industry Analysis
UpdatedMay 28, 2024
DataAggregated Company Financials
Companies10
- 7D4.0%
- 3M6.9%
- 1Y8.3%
- YTD7.2%
In the last week, the Banks industry is up 4.0%, with Banque Attijari de Tunisie Société anonyme up 5.2%. In the last 12 months, the industry was up 8.3%. As for the next few years, earnings are forecast to decline by 2.6% per annum.
Industry Valuation and Performance
Has the Tunisian Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 29 May 2024 | د.ت11.4b | د.ت5.2b | د.ت1.4b | 7.9x | 7.9x | 2.2x |
| Fri, 26 Apr 2024 | د.ت11.0b | د.ت5.3b | د.ت1.5b | 8.4x | 7.3x | 2.1x |
| Sun, 24 Mar 2024 | د.ت10.8b | د.ت4.8b | د.ت1.3b | 8.5x | 8.2x | 2.3x |
| Tue, 20 Feb 2024 | د.ت10.5b | د.ت4.0b | د.ت1.2b | 8.5x | 9.1x | 2.6x |
| Thu, 18 Jan 2024 | د.ت10.5b | د.ت4.0b | د.ت1.2b | 8.5x | 9x | 2.6x |
| Sat, 16 Dec 2023 | د.ت10.6b | د.ت4.0b | د.ت1.2b | 8.5x | 9.1x | 2.6x |
| Mon, 13 Nov 2023 | د.ت10.3b | د.ت4.7b | د.ت1.3b | 7.8x | 7.7x | 2.2x |
| Wed, 11 Oct 2023 | د.ت10.2b | د.ت4.7b | د.ت1.3b | 7.7x | 7.6x | 2.2x |
| Fri, 08 Sep 2023 | د.ت10.8b | د.ت4.7b | د.ت1.3b | 8.2x | 8x | 2.3x |
| Sun, 06 Aug 2023 | د.ت10.7b | د.ت4.7b | د.ت1.3b | 7.9x | 8x | 2.3x |
| Tue, 04 Jul 2023 | د.ت10.7b | د.ت4.7b | د.ت1.3b | 7.8x | 8x | 2.3x |
| Thu, 01 Jun 2023 | د.ت10.6b | د.ت4.7b | د.ت1.3b | 7.8x | 7.9x | 2.3x |
| Sat, 29 Apr 2023 | د.ت10.3b | د.ت4.7b | د.ت1.3b | 8.1x | 7.7x | 2.2x |
| Mon, 27 Mar 2023 | د.ت9.9b | د.ت4.2b | د.ت1.1b | 8.9x | 8.7x | 2.3x |
| Wed, 22 Feb 2023 | د.ت8.3b | د.ت4.2b | د.ت1.1b | 7.2x | 7.3x | 1.9x |
| Fri, 20 Jan 2023 | د.ت8.6b | د.ت4.2b | د.ت1.1b | 7.4x | 7.6x | 2x |
| Sun, 18 Dec 2022 | د.ت8.1b | د.ت4.2b | د.ت1.1b | 7.1x | 7.2x | 1.9x |
| Tue, 15 Nov 2022 | د.ت8.2b | د.ت4.2b | د.ت1.1b | 7x | 7.2x | 1.9x |
| Thu, 13 Oct 2022 | د.ت7.9b | د.ت4.3b | د.ت1.1b | 6.6x | 6.9x | 1.9x |
| Sat, 10 Sep 2022 | د.ت7.9b | د.ت4.3b | د.ت1.2b | 5.6x | 6.9x | 1.8x |
| Mon, 08 Aug 2022 | د.ت7.4b | د.ت4.3b | د.ت1.1b | 7.3x | 6.6x | 1.7x |
| Wed, 06 Jul 2022 | د.ت7.2b | د.ت4.3b | د.ت1.1b | 6.8x | 6.5x | 1.7x |
| Fri, 03 Jun 2022 | د.ت7.0b | د.ت4.3b | د.ت1.1b | 6x | 6.3x | 1.6x |
| Sun, 01 May 2022 | د.ت7.1b | د.ت4.3b | د.ت1.1b | 6.2x | 6.3x | 1.7x |
| Tue, 29 Mar 2022 | د.ت6.7b | د.ت3.8b | د.ت944.3m | 6.2x | 7.1x | 1.8x |
| Thu, 24 Feb 2022 | د.ت6.6b | د.ت3.8b | د.ت944.3m | 6.3x | 7x | 1.8x |
| Sat, 22 Jan 2022 | د.ت6.6b | د.ت3.8b | د.ت944.3m | 6.4x | 6.9x | 1.7x |
| Mon, 20 Dec 2021 | د.ت6.4b | د.ت3.8b | د.ت944.3m | 6.5x | 6.7x | 1.7x |
| Wed, 17 Nov 2021 | د.ت6.1b | د.ت3.8b | د.ت944.3m | 6.5x | 6.5x | 1.6x |
| Fri, 15 Oct 2021 | د.ت6.3b | د.ت3.8b | د.ت944.3m | 6.7x | 6.7x | 1.7x |
| Sun, 12 Sep 2021 | د.ت6.4b | د.ت3.8b | د.ت944.3m | 6.9x | 6.8x | 1.7x |
| Tue, 10 Aug 2021 | د.ت5.1b | د.ت3.4b | د.ت808.6m | 7.4x | 6.3x | 1.5x |
Price to Earnings Ratio
6.4x
Current Industry PE
- Investors are relatively neutral on the Tunisian Banks 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 7.4x.
- The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.2x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 21% per year over the last three years.
- Revenues for these companies have grown 15% 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 Tunisian Financials industry?
| TN Market | 2.48% | |
| Financials | 3.22% | |
| Banks | 3.95% | |
| Diversified Banks | 3.95% | |
| Regional Banks | 0% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 7.4x.
- Analysts are expecting annual earnings decline of 2.6%, which is lower than the prior year's growth of 14.8% per year.
- Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 7.4x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Diversified Banks industry since they expect its earnings to decline by only 2.6% 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 15% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings decline by 2.6% 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 | |
|---|---|---|---|---|---|
| TJARI Banque Attijari de Tunisie Société anonyme | د.ت54.00 | 4.9% +د.ت105.0m | 23.0% | PB2x | |
| BIAT Banque Internationale Arabe de Tunisie Société anonyme | د.ت96.95 | 2.6% +د.ت87.5m | 5.0% | PB1.6x | |
| AB Amen Bank Société anonyme | د.ت40.99 | 2.5% +د.ت30.0m | 37.8% | PB0.8x | |
| BT Banque de Tunisie Société anonyme | د.ت5.16 | 2.2% +د.ت29.7m | -0.4% | PB1x | |
| UBCI Union Bancaire pour le Commerce et L'Industrie Société anonyme | د.ت22.50 | 4.2% +د.ت18.0m | 7.1% | PB0.8x |