For today we decided to present you with a brief overview of share price performance across sectors for regional companies.
For this we decided to look at the median YTD share price performance of companies in our wider coverage which includes companies from Croatia, Slovenia, Romania, Serbia and Bulgaria. After witnessing a sharp drop in share prices across industries, a partial rebound occurred in almost all sectors. However, not all sectors have recovered equally.
When looking at the graph below one can notice that there are not any surprises when it comes to top or bottom performers. All observed sectors recorded a YTD decrease, of which Telecommunications and Pharma recorded the lowest; as low as -2.7% and -2.8% YTD, respectively. The Telecom companies in our sample are currently traded at a median EV/EBITDA of 4.2. Utility and Food sector follow, with a decrease of 4% and 8.3%, respectively.
On the flip side, the highest share price decreases are mostly in line with the sectors which seem to be affected the most by the ongoing Covid-19 situation. Therefore, Banks witnessed a decrease of 27.5%, showing that the regional banks have not significantly recovered from their bottom. Tourism comes next, with a decrease of 19.2%. The companies in the Tourism sector in our sample are currently traded at a median P/E of 13.3 and EV/EBITDA of 8.2.
YTD Performance of Regional Companies by Sector*
*Median share price performance of regional companies in our wider coverage