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Icelandic (OMX) Market Analysis & Valuation

UpdatedJun 19, 2024
DataAggregated Company Financials
Companies27
  • 7D0.8%
  • 3M-3.2%
  • 1Y-4.7%
  • YTD-8.0%

In the last week, the market has stayed flat, however the Consumer Discretionary sector stood out, gaining 3.7%. As for last year, the market is down 4.7%. As for the next few years, earnings are expected to grow by 20% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 19 Jun 2024Kr1.9tKr1.5tKr127.8b16.2x15.2x1.3x
Fri, 17 May 2024Kr2.0tKr1.5tKr131.6b15.5x15x1.3x
Sun, 14 Apr 2024Kr2.0tKr1.5tKr130.7b16.4x15.5x1.3x
Tue, 12 Mar 2024Kr2.1tKr1.5tKr130.4b16.3x15.8x1.4x
Thu, 08 Feb 2024Kr2.2tKr1.5tKr120.3b18.2x18x1.4x
Sat, 06 Jan 2024Kr2.2tKr1.5tKr148.2b15.4x14.7x1.4x
Mon, 04 Dec 2023Kr1.8tKr1.5tKr148.3b13.4x12.5x1.2x
Wed, 01 Nov 2023Kr1.8tKr1.5tKr156.3b12.9x11.2x1.2x
Fri, 29 Sep 2023Kr1.8tKr1.5tKr149.4b15.7x12.3x1.2x
Sun, 27 Aug 2023Kr2.0tKr1.5tKr145.4b16.6x14x1.4x
Tue, 25 Jul 2023Kr2.1tKr1.5tKr145.2b15.7x14.2x1.4x
Thu, 22 Jun 2023Kr1.9tKr1.5tKr146.2b14.6x13.3x1.3x
Sat, 20 May 2023Kr2.0tKr1.5tKr147.3b14.9x13.6x1.3x
Mon, 17 Apr 2023Kr2.1tKr1.5tKr147.9b15.3x14.5x1.5x
Wed, 15 Mar 2023Kr2.1tKr1.5tKr148.8b15.3x14.2x1.4x
Fri, 10 Feb 2023Kr2.2tKr1.5tKr168.0b11.9x13.3x1.5x
Sun, 08 Jan 2023Kr2.1tKr1.4tKr143.4b11.9x15x1.5x
Tue, 06 Dec 2022Kr2.2tKr1.4tKr144.4b12.1x15.3x1.6x
Thu, 03 Nov 2022Kr2.2tKr1.4tKr145.4b12.2x14.8x1.6x
Sat, 01 Oct 2022Kr2.1tKr1.3tKr135.4b10.9x15.4x1.6x
Mon, 29 Aug 2022Kr2.3tKr1.3tKr127.2b13x18.3x1.8x
Wed, 27 Jul 2022Kr2.3tKr1.2tKr134.0b13.5x17.1x1.9x
Fri, 24 Jun 2022Kr2.1tKr1.2tKr129.9b12.6x16.5x1.8x
Sun, 22 May 2022Kr2.2tKr1.1tKr125.6b12x17.5x1.9x
Tue, 19 Apr 2022Kr2.5tKr1.1tKr128.7b13.4x19.3x2.2x
Thu, 17 Mar 2022Kr2.5tKr1.1tKr133.2b13.4x18.5x2.2x
Sat, 12 Feb 2022Kr2.5tKr1.1tKr119.8b18.8x20.7x2.3x
Mon, 10 Jan 2022Kr2.5tKr1.1tKr116.3b18.4x21.3x2.3x
Wed, 08 Dec 2021Kr2.4tKr1.1tKr116.6b19.7x21x2.3x
Fri, 05 Nov 2021Kr2.5tKr1.1tKr106.7b20x23.4x2.3x
Sun, 03 Oct 2021Kr2.4tKr1.0tKr100.1b23.1x23.9x2.3x
Tue, 31 Aug 2021Kr2.4tKr998.0bKr96.0b20.9x24.7x2.4x
Wed, 07 Jul 2021Kr2.1tKr997.9bKr96.0b18.4x22.3x2.1x
Price to Earnings Ratio

22.3x


Total Market Cap: Kr2.1tTotal Earnings: Kr96.0bTotal Revenue: Kr997.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Icelandic Market Price to Earnings3Y Average 16.8x202220232024
Current Market PE
  • Investors are relatively neutral on the Icelandic market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 16.8x.
Past Earnings Growth
  • The earnings for Icelandic listed companies have grown 10% per year over the last three years.
  • Revenues for these companies have grown 14% 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 Market0.75%
Consumer Discretionary3.65%
Industrials1.60%
Consumer Staples0.78%
Tech0.74%
Energy0%
Materials0%
Healthcare0%
Utilities0%
Financials-0.13%
Real Estate-0.28%
Telecom-1.60%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 31.6x.
    • 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 10.2x.
Forecasted Growth
  • Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 33% over the next 5 years.
  • This is better than its past earnings decline of 51% per year.
  • In contrast, the Financials sector 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?

CompanyLast Price7D1YValuationSector
MAREL Marel hfKr490.002.3%
+Kr8.3b		17.2%PE132xIndustrials
SVN Sildarvinnslan HfKr89.502.3%
+Kr3.7b		-20.1%PE21.7xConsumer Staples
FESTI Festi hfKr207.504.8%
+Kr2.9b		21.3%PE16.8xConsumer Discretionary
ISF Ísfélag hfKr156.202.1%
+Kr2.6b		n/an/aConsumer Staples
BRIM Brim hfKr71.001.7%
+Kr2.3b		-11.5%PE18.8xConsumer Staples
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Latest News

ISB

Kr96.20

Íslandsbanki hf

7D

0.6%

1Y

-16.3%

PLAY

Kr3.00

Fly Play hf

7D

20.0%

1Y

-72.5%

BRIM

Kr71.00

Brim hf

7D

1.7%

1Y

-11.5%

HAMP

Kr123.00

Hampiðjan hf

7D

-0.4%

1Y

-3.9%

SVN

Kr89.50

Sildarvinnslan Hf

7D

2.3%

1Y

-20.1%

ARION

Kr130.00

Arion banki hf

7D

-0.8%

1Y

0.4%

MAREL

Kr490.00

Marel hf

7D

2.3%

1Y

17.2%

HEIMAR

Kr24.50

Heimar hf

7D

1.7%

1Y

-1.2%

SYN

Kr33.00

Sýn hf

7D

-4.6%

1Y

-26.3%

REITIR

Kr82.50

Reitir fasteignafélag hf

7D

-1.2%

1Y

8.6%

HAGA

Kr79.50

Hagar hf

7D

-0.6%

1Y

21.4%

FESTI

Kr207.50

Festi hf

7D

4.8%

1Y

21.3%

SJOVA

Kr36.60

Sjóvá-Almennar tryggingar hf

7D

-1.1%

1Y

7.0%

EIK

Kr10.20

Eik fasteignafélag hf

7D

-1.9%

1Y

-4.7%

Eik fasteignafélag hf (ICE:EIK) Is Increasing Its Dividend To ISK0.74

Mar 29
Eik fasteignafélag hf (ICE:EIK) Is Increasing Its Dividend To ISK0.74

SKEL

Kr15.60

Skel fjárfestingafélag hf

7D

-1.3%

1Y

23.8%

ISF

Kr156.20

Ísfélag hf

7D

2.1%

1Y

n/a