Tunisian (TUNINDEX) Market Analysis & Valuation
UpdatedJun 19, 2024
DataAggregated Company Financials
Companies73
- 7D1.1%
- 3M7.4%
- 1Y4.8%
- YTD8.3%
Over the last 7 days, the market has risen 1.1%, driven by gains of 3.2% in the Consumer Staples sector. Meanwhile, the Information Technology sector has underperformed, shrinking 5.2% in that time. In the last year, the market has climbed 4.8%. Looking forward, earnings are expected to remain mostly flat in the next few years.
Market Valuation and Performance
Has the Tunisian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 19 Jun 2024 | د.ت26.3b | د.ت21.6b | د.ت2.8b | 8.7x | 9.5x | 1.2x |
| Fri, 17 May 2024 | د.ت24.9b | د.ت22.4b | د.ت2.7b | 8x | 9.2x | 1.1x |
| Sun, 14 Apr 2024 | د.ت25.4b | د.ت21.5b | د.ت2.5b | 8.4x | 10.1x | 1.2x |
| Tue, 12 Mar 2024 | د.ت24.4b | د.ت21.1b | د.ت2.4b | 8.4x | 10.2x | 1.2x |
| Thu, 08 Feb 2024 | د.ت23.5b | د.ت20.4b | د.ت2.2b | 8.2x | 10.6x | 1.2x |
| Sat, 06 Jan 2024 | د.ت24.3b | د.ت20.8b | د.ت2.2b | 9.1x | 10.9x | 1.2x |
| Mon, 04 Dec 2023 | د.ت24.3b | د.ت20.8b | د.ت2.2b | 8.9x | 10.8x | 1.2x |
| Wed, 01 Nov 2023 | د.ت23.8b | د.ت21.4b | د.ت2.4b | 8.4x | 9.8x | 1.1x |
| Fri, 29 Sep 2023 | د.ت24.0b | د.ت20.8b | د.ت2.4b | 8.2x | 10x | 1.2x |
| Sun, 27 Aug 2023 | د.ت25.0b | د.ت19.0b | د.ت2.3b | 9.2x | 10.6x | 1.3x |
| Tue, 25 Jul 2023 | د.ت25.5b | د.ت18.9b | د.ت2.3b | 9.5x | 10.9x | 1.3x |
| Thu, 22 Jun 2023 | د.ت25.3b | د.ت19.7b | د.ت2.4b | 9.7x | 10.5x | 1.3x |
| Sat, 20 May 2023 | د.ت24.5b | د.ت20.2b | د.ت2.4b | 9.6x | 10.4x | 1.2x |
| Mon, 17 Apr 2023 | د.ت24.2b | د.ت19.9b | د.ت2.3b | 10x | 10.6x | 1.2x |
| Wed, 15 Mar 2023 | د.ت24.1b | د.ت19.5b | د.ت2.2b | 10.2x | 11.1x | 1.2x |
| Fri, 10 Feb 2023 | د.ت22.4b | د.ت19.5b | د.ت2.2b | 9.7x | 10.3x | 1.1x |
| Sun, 08 Jan 2023 | د.ت22.4b | د.ت19.1b | د.ت2.1b | 10.1x | 10.5x | 1.2x |
| Tue, 06 Dec 2022 | د.ت22.4b | د.ت19.2b | د.ت2.2b | 9.5x | 10.3x | 1.2x |
| Thu, 03 Nov 2022 | د.ت22.9b | د.ت19.1b | د.ت2.2b | 10x | 10.6x | 1.2x |
| Sat, 01 Oct 2022 | د.ت23.2b | د.ت18.2b | د.ت2.2b | 10.2x | 10.5x | 1.3x |
| Mon, 29 Aug 2022 | د.ت22.9b | د.ت17.3b | د.ت2.2b | 10.2x | 10.5x | 1.3x |
| Wed, 27 Jul 2022 | د.ت22.1b | د.ت17.3b | د.ت2.2b | 9.9x | 10.1x | 1.3x |
| Fri, 24 Jun 2022 | د.ت21.8b | د.ت17.8b | د.ت2.2b | 10.4x | 10x | 1.2x |
| Sun, 22 May 2022 | د.ت21.6b | د.ت17.5b | د.ت2.2b | 10.2x | 10x | 1.2x |
| Tue, 19 Apr 2022 | د.ت22.0b | د.ت16.6b | د.ت1.9b | 10.8x | 11.3x | 1.3x |
| Thu, 17 Mar 2022 | د.ت21.8b | د.ت16.2b | د.ت1.8b | 12.6x | 12.2x | 1.3x |
| Sat, 12 Feb 2022 | د.ت22.2b | د.ت16.1b | د.ت1.8b | 11.8x | 12.5x | 1.4x |
| Mon, 10 Jan 2022 | د.ت21.8b | د.ت16.1b | د.ت1.8b | 11.5x | 12.3x | 1.4x |
| Wed, 08 Dec 2021 | د.ت21.8b | د.ت15.6b | د.ت1.7b | 11.8x | 12.5x | 1.4x |
| Fri, 05 Nov 2021 | د.ت21.7b | د.ت15.6b | د.ت1.7b | 12.4x | 12.4x | 1.4x |
| Sun, 03 Oct 2021 | د.ت22.1b | د.ت15.5b | د.ت1.8b | 11.9x | 12.6x | 1.4x |
| Tue, 31 Aug 2021 | د.ت22.2b | د.ت16.6b | د.ت1.7b | 12.1x | 13.1x | 1.3x |
| Wed, 07 Jul 2021 | د.ت20.5b | د.ت16.3b | د.ت1.6b | 12x | 12.8x | 1.3x |
Price to Earnings Ratio
12.8x
Current Market PE
- Investors are pessimistic on the Tunisian market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 9.5x which is lower than its 3-year average PE of 11.0x.
Past Earnings Growth
- The earnings for Tunisian listed companies have grown 20% per year over the last three years.
- Revenues for these companies have grown 9.9% 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 Tunisian Market?
| TN Market | 1.11% | |
| Consumer Staples | 3.21% | |
| Materials | 1.93% | |
| Industrials | 1.85% | |
| Energy | 0.53% | |
| Financials | 0.43% | |
| Real Estate | 0.41% | |
| Utilities | 0% | |
| Consumer Discretionary | -0.57% | |
| Telecom | -0.73% | |
| Healthcare | -2.93% | |
| Tech | -5.16% | |
Sector PE
- Investors favour the Tech sector the most for future growth even though it's trading below its 3-year average PE ratio of 30.9x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 4.0% which is higher than its past year's earnings decline of 14.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 87% over the next 5 years.
- This is better than its past earnings growth rate of 62% per year.
- In contrast, the Telecom sector is expected to see its earnings decline by 13% 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 | Sector | |
|---|---|---|---|---|---|---|
| SFBT Société de Fabrication des Boissons de Tunisie Société Anonyme | د.ت13.50 | 2.5% +د.ت88.5m | 1.6% | PE12.9x | Consumer Staples | |
| DH Délice Holding | د.ت13.10 | 11.0% +د.ت71.4m | 2.7% | PE7.4x | Consumer Staples | |
| BIAT Banque Internationale Arabe de Tunisie Société anonyme | د.ت104.70 | 1.4% +د.ت50.0m | 12.8% | PB1.7x | Financials | |
| OTH One Tech Holding | د.ت8.91 | 5.8% +د.ت39.4m | 8.7% | PE18.7x | Industrials | |
| AB Amen Bank Société anonyme | د.ت42.50 | 2.4% +د.ت30.3m | 43.5% | PB0.8x | Financials |
