Capital Allocation Trends At RS2 (MTSE:RS2) Aren't Ideal
Jun 15
Maltese (MSE) Market Analysis & Valuation
UpdatedJun 19, 2024
DataAggregated Company Financials
Companies30
- 7D0.7%
- 3M-1.4%
- 1Y-0.4%
- YTD-2.4%
The Industrials sector gained 3.4% while the market remained flat over the last week. Similarly, the market is flat for the past 12 months.
Market Valuation and Performance
Has the Maltese Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 19 Jun 2024 | €4.7b | €2.4b | €420.5m | 14.9x | 11.2x | 2x |
| Fri, 17 May 2024 | €4.7b | €2.4b | €427.8m | 15.1x | 11.1x | 2x |
| Sun, 14 Apr 2024 | €4.7b | €2.3b | €431.0m | 15.2x | 11x | 2x |
| Tue, 12 Mar 2024 | €4.8b | €2.2b | €437.7m | 15x | 11x | 2.2x |
| Thu, 08 Feb 2024 | €4.7b | €2.2b | €425.8m | 14.5x | 11x | 2.2x |
| Sat, 06 Jan 2024 | €4.9b | €2.2b | €426.1m | 15.5x | 11.5x | 2.2x |
| Mon, 04 Dec 2023 | €4.7b | €2.2b | €425.9m | 13.6x | 11.1x | 2.2x |
| Wed, 01 Nov 2023 | €4.6b | €2.1b | €386.7m | 13x | 11.9x | 2.2x |
| Fri, 29 Sep 2023 | €4.7b | €2.1b | €383.9m | 14.3x | 12.2x | 2.2x |
| Sun, 27 Aug 2023 | €4.8b | €2.2b | €387.8m | 15.9x | 12.3x | 2.2x |
| Tue, 25 Jul 2023 | €4.8b | €1.9b | €194.9m | 17.9x | 24.5x | 2.5x |
| Thu, 22 Jun 2023 | €4.7b | €1.9b | €185.1m | 17.3x | 25.6x | 2.5x |
| Sat, 20 May 2023 | €4.6b | €1.8b | €177.8m | 18.4x | 26.1x | 2.6x |
| Mon, 17 Apr 2023 | €4.5b | €1.7b | €133.0m | 18.7x | 33.9x | 2.6x |
| Wed, 15 Mar 2023 | €4.7b | €2.1b | €105.8m | 19.7x | 44x | 2.2x |
| Fri, 10 Feb 2023 | €4.6b | €2.1b | €53.3m | 20.8x | 85.9x | 2.2x |
| Sun, 08 Jan 2023 | €4.6b | €2.1b | €53.3m | 21.2x | 85.7x | 2.2x |
| Tue, 06 Dec 2022 | €4.6b | €2.1b | €51.0m | 20.8x | 90.5x | 2.2x |
| Thu, 03 Nov 2022 | €4.7b | €2.1b | €48.5m | 22.5x | 96.1x | 2.3x |
| Sat, 01 Oct 2022 | €4.7b | €1.6b | €34.2m | 24.6x | 138.3x | 3x |
| Mon, 29 Aug 2022 | €4.7b | €1.5b | €11.0m | 22x | 428.6x | 3.2x |
| Wed, 27 Jul 2022 | €4.7b | €1.4b | €87.6m | 19.5x | 53.9x | 3.3x |
| Fri, 24 Jun 2022 | €4.8b | €1.8b | €102.6m | 19.9x | 46.4x | 2.7x |
| Sun, 22 May 2022 | €4.6b | €1.7b | €82.9m | 21x | 55.5x | 2.7x |
| Tue, 19 Apr 2022 | €4.5b | €1.6b | €46.3m | 20.9x | 97.3x | 2.8x |
| Thu, 17 Mar 2022 | €4.5b | €1.5b | €23.7m | 20.8x | 190.8x | 3x |
| Sat, 12 Feb 2022 | €4.3b | €1.5b | €19.6m | 20.4x | 218.5x | 2.8x |
| Mon, 10 Jan 2022 | €4.5b | €1.5b | €19.4m | 22.3x | 229.6x | 3x |
| Wed, 08 Dec 2021 | €4.3b | €1.5b | €23.2m | 23.4x | 185.8x | 2.8x |
| Fri, 05 Nov 2021 | €4.4b | €1.5b | €23.2m | 24.5x | 189.9x | 2.9x |
| Sun, 03 Oct 2021 | €4.4b | €1.5b | €22.5m | 25.5x | 194.6x | 2.9x |
| Tue, 31 Aug 2021 | €4.4b | €1.5b | €19.1m | 24.5x | 231x | 2.9x |
| Wed, 07 Jul 2021 | €4.4b | €1.5b | €18.8m | 22.6x | 234x | 3x |
Price to Earnings Ratio
234x
Current Market PE
- Investors are optimistic on the Maltese market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 11.2x which is higher than its 3-year average PE of -3kx.
Past Earnings Growth
- The earnings for Maltese listed companies have grown 182% per year over the last three years.
- Revenues for these companies have grown 17% 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 Maltese Market?
| MT Market | 0.67% | |
| Industrials | 3.43% | |
| Financials | 3.33% | |
| Real Estate | 0.18% | |
| Energy | 0% | |
| Materials | 0% | |
| Healthcare | 0% | |
| Utilities | 0% | |
| Consumer Staples | -1.14% | |
| Telecom | -3.33% | |
| Tech | -7.32% | |
| Consumer Discretionary | -7.95% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 66.0x.
- 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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| HSB HSBC Bank Malta | €1.55 | 9.2% +€46.8m | 29.2% | PB1x | Financials | |
| MIA Malta International Airport | €5.70 | 3.6% +€27.1m | 3.6% | PE19.1x | Industrials | |
| MMS MAPFRE Middlesea | €1.37 | 12.3% +€13.8m | -8.7% | PE11.1x | Financials | |
| FIM FIMBank | US$0.20 | 5.3% +US$5.2m | 5.3% | PB0.6x | Financials | |
| MPC Malta Properties | €0.34 | 11.1% +€3.4m | -8.1% | PE16.7x | Real Estate |
