Header cover image

Latvian (OMX) Market Analysis & Valuation

UpdatedJun 19, 2024
DataAggregated Company Financials
Companies10
  • 7D-0.3%
  • 3M-6.1%
  • 1Y-9.3%
  • YTD-7.3%

The market has stayed flat over the 7 days. As for last year, the market is down 9.3%.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 19 Jun 2024€681.3m€650.7m-€39,055,451.0012.6x-17.4x1x
Fri, 17 May 2024€692.3m€703.2m-€41,574,286.0013.4x-16.7x1x
Sun, 14 Apr 2024€714.0m€702.0m-€41,524,092.0013.6x-17.2x1x
Tue, 12 Mar 2024€731.8m€801.4m€2.8m14.1x262.7x0.9x
Thu, 08 Feb 2024€735.2m€849.8m€6.5m15x112.8x0.9x
Sat, 06 Jan 2024€743.4m€878.6m€3.0m15x246.2x0.8x
Mon, 04 Dec 2023€753.8m€1.0b€43.6m13.8x17.3x0.7x
Wed, 01 Nov 2023€731.7m€1.0b€43.6m13.8x16.8x0.7x
Fri, 29 Sep 2023€708.4m€1.0b€43.6m12.6x16.3x0.7x
Sun, 27 Aug 2023€751.9m€1.1b€53.7m10.3x14x0.7x
Tue, 25 Jul 2023€783.1m€1.1b€56.1m11x14x0.7x
Thu, 22 Jun 2023€728.0m€1.1b€56.1m10.2x13x0.7x
Sat, 20 May 2023€643.8m€1.3b€118.5m10.2x5.4x0.5x
Mon, 17 Apr 2023€654.6m€1.3b€122.6m11.4x5.3x0.5x
Wed, 15 Mar 2023€733.2m€1.3b€128.5m11.4x5.7x0.6x
Fri, 10 Feb 2023€749.2m€1.4b€294.5m11.6x2.5x0.5x
Sun, 08 Jan 2023€722.2m€1.4b€294.5m11.5x2.5x0.5x
Tue, 06 Dec 2022€698.8m€1.4b€294.5m11.4x2.4x0.5x
Thu, 03 Nov 2022€697.3m€1.3b€113.5m6.9x6.1x0.5x
Sat, 01 Oct 2022€673.3m€1.3b€113.5m6.9x5.9x0.5x
Mon, 29 Aug 2022€720.3m€1.3b€85.1m11.7x8.5x0.6x
Wed, 27 Jul 2022€742.7m€1.2b€84.2m11.3x8.8x0.6x
Fri, 24 Jun 2022€693.9m€1.2b€84.2m9.7x8.2x0.6x
Sun, 22 May 2022€648.2m€987.3m€32.7m11.9x19.8x0.7x
Tue, 19 Apr 2022€681.3m€985.9m€32.2m12.8x21.1x0.7x
Thu, 17 Mar 2022€868.0m€1.2b€53.6m9.6x16.2x0.7x
Sat, 12 Feb 2022€951.5m€924.5m-€123,116,525.009.1x-7.7x1x
Mon, 10 Jan 2022€962.2m€922.0m-€124,322,302.009.1x-7.7x1x
Wed, 08 Dec 2021€949.2m€922.0m-€123,854,401.009.1x-7.7x1x
Fri, 05 Nov 2021€914.3m€612.5m€36.5m18.9x25.1x1.5x
Sun, 03 Oct 2021€855.7m€592.0m€33.0m16.7x26x1.4x
Tue, 31 Aug 2021€841.3m€592.0m€33.1m17x25.5x1.4x
Wed, 07 Jul 2021€808.7m€592.0m€33.1m15.7x24.5x1.4x
Price to Earnings Ratio

24.5x


Total Market Cap: €808.7mTotal Earnings: €33.1mTotal Revenue: €592.0mTotal Market Cap vs Earnings and Revenue0%0%0%
Latvian Market Price to Earnings3Y Average 27.8x202220232024
Current Market PE
  • Investors are optimistic on the Latvian market, and appear confident in strong long term growth rates.
  • The market is trading at a PS ratio of 1.0x, higher but close to its 3-year average PS ratio of 0.82x.
Past Earnings Growth
  • Total earnings for Latvian listed companies have declined over the last three years, with the market now making a loss overall.
  • Revenues have grown 3.2% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Sector Trends

Which sectors have driven the changes within the Latvian Market?

LV Market-0.29%
Financials0.82%
Utilities0.23%
Energy0%
Real Estate0%
Materials0%
Healthcare0%
Telecom0%
Consumer Discretionary-0.96%
Industrials-1.56%
Tech-1.76%
Consumer Staples-1.92%
Sector PE
  • Investors favour the Financials sector the most for future growth, which is trading above its 3-year average PE ratio of 14.9x.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
Forecasted GrowthThere is insufficient data in this market to determine future earnings growth rates.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
IDX1R IPAS Indexo€13.603.8%
+€2.3m
-4.2%PS18.4xFinancials
GZE1R AS Latvijas Gaze€8.700.2%
+€798.0k
-2.2%PS3.2xUtilities
SCM1R AS Siguldas Ciltslietu Un Maksligas Apseklosanas Stacija€7.702.7%
+€84.5k
17.6%PE114.8xConsumer Staples
See more
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Market Insights

Last week, we looked at some of the reasons the healthcare sector has underperformed over the last few years...

Latest News

BAL1R

€9.00

AS Amber Latvijas balzams

7D

-1.6%

1Y

-6.7%

MDARA

€12.85

AS MADARA Cosmetics

7D

-2.7%

1Y

-27.4%

DGR1R

€1.09

DelfinGroup

7D

-2.7%

1Y

-20.6%

SCM1R

€7.70

AS Siguldas Ciltslietu Un Maksligas Apseklosanas Stacija

7D

2.7%

1Y

17.6%

GZE1R

€8.70

AS Latvijas Gaze

7D

0.2%

1Y

-2.2%

IDX1R

€13.60

IPAS Indexo

7D

3.8%

1Y

-4.2%

SAF1R

€5.58

SAF Tehnika

7D

-1.8%

1Y

-51.9%

RKB1R

€0.13

AS Rigas kugu buvetava

7D

-1.6%

1Y

133.3%

VIRSI

€4.14

AS Virsi-A

7D

-1.0%

1Y

-5.9%

EGG

€3.79

AS APF Holdings

7D

-1.8%

1Y

n/a

DPK1R

€0.12

AS Ditton pievadkezu rupnica

7D

-13.8%

1Y

-11.9%