Bermudian (BSX) Market Analysis & Valuation

UpdatedJun 19, 2024

DataAggregated Company Financials

Companies6

7D0%
3M-5.8%
1Y1.1%
YTD-5.1%

The market has been flat over the last week. In line with that, the market has also been flat over the past year.

Market Valuation and Performance

Has the Bermudian Market valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Wed, 19 Jun 2024	BD$413.2m	BD$723.6m	BD$56.4m	9.9x	7.3x	0.6x
Fri, 17 May 2024	BD$414.0m	BD$717.7m	BD$58.1m	7.8x	7.1x	0.6x
Sun, 14 Apr 2024	BD$467.2m	BD$473.9m	BD$50.8m	11x	9.2x	1x
Tue, 12 Mar 2024	BD$447.8m	BD$472.0m	BD$51.1m	10.4x	8.8x	0.9x
Thu, 08 Feb 2024	BD$440.8m	BD$471.0m	BD$48.9m	11.3x	9x	0.9x
Sat, 06 Jan 2024	BD$946.8m	BD$725.0m	BD$254.5m	11.1x	3.7x	1.3x
Mon, 04 Dec 2023	BD$930.7m	BD$715.3m	BD$258.6m	10.6x	3.6x	1.3x
Wed, 01 Nov 2023	BD$929.6m	BD$715.3m	BD$258.6m	10.6x	3.6x	1.3x
Fri, 29 Sep 2023	BD$882.9m	BD$687.4m	BD$231.8m	9.8x	3.8x	1.3x
Sun, 27 Aug 2023	BD$898.8m	BD$687.2m	BD$231.7m	10.1x	3.9x	1.3x
Tue, 25 Jul 2023	BD$912.6m	BD$687.9m	BD$231.7m	12x	3.9x	1.3x
Thu, 22 Jun 2023	BD$909.2m	BD$677.9m	BD$248.0m	12.1x	3.7x	1.3x
Sat, 20 May 2023	BD$911.2m	BD$677.2m	BD$247.7m	12.3x	3.7x	1.3x
Mon, 17 Apr 2023	BD$876.6m	BD$677.5m	BD$248.0m	11.8x	3.5x	1.3x
Wed, 15 Mar 2023	BD$861.6m	BD$667.8m	BD$253.8m	8.5x	3.4x	1.3x
Fri, 10 Feb 2023	BD$879.1m	BD$667.8m	BD$253.8m	8.5x	3.5x	1.3x
Sun, 08 Jan 2023	BD$884.2m	BD$667.8m	BD$253.8m	8.5x	3.5x	1.3x
Tue, 06 Dec 2022	BD$880.6m	BD$688.7m	BD$241.2m	8.5x	3.7x	1.3x
Thu, 03 Nov 2022	BD$896.7m	BD$688.7m	BD$241.2m	8.9x	3.7x	1.3x
Sat, 01 Oct 2022	BD$885.0m	BD$695.6m	BD$246.4m	5.1x	3.6x	1.3x
Mon, 29 Aug 2022	BD$909.7m	BD$695.5m	BD$246.6m	5.1x	3.7x	1.3x
Wed, 27 Jul 2022	BD$899.2m	BD$737.8m	BD$259.7m	5.2x	3.5x	1.2x
Fri, 24 Jun 2022	BD$796.6m	BD$755.1m	BD$266.2m	5.4x	3x	1.1x
Sun, 22 May 2022	BD$866.6m	BD$746.5m	BD$269.4m	5x	3.2x	1.2x
Tue, 19 Apr 2022	BD$798.9m	BD$673.6m	BD$256.1m	6.4x	3.1x	1.2x
Thu, 17 Mar 2022	BD$420.6m	BD$478.5m	BD$67.5m	7.1x	6.2x	0.9x
Sat, 12 Feb 2022	BD$388.1m	BD$549.6m	BD$76.5m	4.1x	5.1x	0.7x
Mon, 10 Jan 2022	BD$469.2m	BD$549.6m	BD$76.5m	5.3x	6.1x	0.9x
Wed, 08 Dec 2021	BD$846.5m	BD$620.3m	BD$129.6m	6.4x	6.5x	1.4x
Fri, 05 Nov 2021	BD$844.6m	BD$620.7m	BD$129.9m	7.4x	6.5x	1.4x
Sun, 03 Oct 2021	BD$809.5m	BD$609.1m	BD$113.4m	9.4x	7.1x	1.3x
Tue, 31 Aug 2021	BD$1.0b	BD$757.4m	BD$137.8m	9.2x	7.3x	1.3x
Wed, 07 Jul 2021	BD$942.4m	BD$757.4m	BD$137.8m	9x	6.8x	1.2x

Price to Earnings Ratio

6.8x

Wed, 07 Jul 2021

Current Market PE

Investors are optimistic on the Bermuda market, and appear confident in strong long term growth rates.

The market is trading at a PE ratio of 7.3x which is higher than its 3-year average PE of 4.9x.

Past Earnings Growth

The earnings for Bermuda listed companies have declined 26% per year over the last three years.
Meanwhile revenues have been flat.
This means that either the cost of doing business or the level of investment back into businesses is increasing since sales have remained steady while profits have fallen.

Sector Trends

Which sectors have driven the changes within the Bermudian Market?


BM Market	0%
Energy	0%
Real Estate	0%
Materials	0%
Industrials	0%
Consumer Discretionary	0%
Consumer Staples	0%
Healthcare	0%
Financials	0%
Tech	0%
Telecom	0%
Utilities	0%

Sector PE

Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 14.1x.

It looks like investors are confident that earnings will grow faster in the future than they have historically.

The Financials sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 4.7x.

Forecasted GrowthThere is insufficient data in this market to determine future earnings growth rates.