Wednesday, June 25, 2008

Fundamental analysis for emerging markets.

From the mid of May we are in correction mode on stock markets globally. Some indexes are approaching and testing March lows. Let's have a look at fundamental indicators for emerging markets. There are some exceptions but generally we are below P/E valuation 20. Which is very interesting level for markets with still high estimated growth like China or Brazil. From P/E ratio perspective Turkey is the winner where indicator is even below 10. Also the cheapest based on Price / Cash flow ratio and the market with one of the highest dividend yield.

Emerging Markets Div P/B P/CF P/E
Argentina 0.85 3.11 10.75 16.24
Brazil 1.09 2.63 6.89 18.11
Chile 2.68 2.29 8.56 18.01
China 1.56 3.15 12.35 19.75
Colombia 1.81 1.34 8.05 16.12
Czech Republic 2.82 3.16 9.29 16.71
Egypt 2.17 4.43 11.42 16.56
India 0.94 4.53 14.48 21.1
Indonesia 2.03 3.83 12.93 20.11
Israel 2.81 2.17 9.27 14.49
Jordan 1.64 2.42 16.64 19.01
Malaysia 3 1.78 8.27 13.25
Mexico 1.22 3.41 9.32 15.33
Morocco 2.09 4.45 19.94 28.7
Nigeria 1.92 4.54 6.3 27.18
Pakistan 4.45 2.54 7.98 11.27
Peru 2.95 4.27 12.62 14.86
Philippines 2.91 1.8 7.42 12.66
Poland 2.88 2.21 9.43 12.4
Russia 0.9 2.46 15.06 15.02
Slovenia 0.95 2.41 12.7 25.72
South Africa 2.85 2.94 10.82 14.56
Taiwan 3.39 1.94 7.31 15.57
Thailand 3.6 2.07 8.05 14.63
Turkey 3.62 1.69 5.35 9.46

Related tickers: (EWZ), (BZF), (ECH), (CH), (EPI), (FNI), (INP), (IFN), (ICN), (IF), (EIS), (ISL), (TAV), (EWM), (MAY), (EWW), (FXM), (MXF), (MXE), (RSX), (EZA), (TWN), (THD), (TTF), (TF), (TUR), (TKF),

Comments

3 Responses to "Fundamental analysis for emerging markets."

Vivek Shukla said... October 15, 2008 at 7:02 AM

Can you please suggest a website where I can find PE and EPS for ETF RSX

Vlada, Czech Republic said... October 15, 2008 at 6:02 PM

Hi Vivek,
I was searching website offering fundamental indicators for ETF as well. I haven't found anything. But if you are interested in fundamental indicators related to specific country please follow the link "Fundamental - World stock markets" in Stock Screener section in the left sidebar.

Regards
vlada

Anonymous said... November 21, 2008 at 10:03 PM

Estimated growth rates for different countries will let us know about how fundamental analysis is effectively made.. Thanks for the chart..