Alpha Dhabi Holding PJSC (ADX:ALPHADHABI) Is Reinvesting At Lower Rates Of Return
May 01
Emirati (ADX) Market Analysis & Valuation
UpdatedMay 02, 2024
DataAggregated Company Financials
Companies141
- 7D-0.8%
- 3M-5.3%
- 1Y-5.2%
- YTD-6.2%
Over the last 7 days, the market has remained flat, although notably the Utilities sector declined by 4.2%. The past year hasn't been profitable, with the market dropping 5.2%. Looking forward, earnings are forecast to grow by 4.7% annually.
Market Valuation and Performance
Has the Emirati Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 02 May 2024 | د.إ3.3t | د.إ762.4b | د.إ228.8b | 13.9x | 14.4x | 4.3x |
| Sat, 30 Mar 2024 | د.إ3.4t | د.إ739.5b | د.إ221.5b | 14.7x | 15.3x | 4.6x |
| Mon, 26 Feb 2024 | د.إ3.4t | د.إ739.0b | د.إ206.4b | 15.6x | 16.2x | 4.5x |
| Wed, 24 Jan 2024 | د.إ3.4t | د.إ654.8b | د.إ187.8b | 15.9x | 18.4x | 5.3x |
| Fri, 22 Dec 2023 | د.إ3.4t | د.إ653.9b | د.إ188.1b | 15.1x | 17.9x | 5.2x |
| Sun, 19 Nov 2023 | د.إ3.4t | د.إ649.9b | د.إ187.0b | 15x | 17.9x | 5.2x |
| Tue, 17 Oct 2023 | د.إ3.3t | د.إ627.5b | د.إ190.3b | 15.3x | 17.5x | 5.3x |
| Thu, 14 Sep 2023 | د.إ3.5t | د.إ616.4b | د.إ187.4b | 15.4x | 18.5x | 5.6x |
| Sat, 12 Aug 2023 | د.إ3.5t | د.إ613.4b | د.إ187.6b | 16.1x | 18.7x | 5.7x |
| Mon, 10 Jul 2023 | د.إ3.4t | د.إ601.5b | د.إ182.2b | 16.1x | 18.7x | 5.7x |
| Wed, 07 Jun 2023 | د.إ3.2t | د.إ664.3b | د.إ195.5b | 15.5x | 16.6x | 4.9x |
| Fri, 05 May 2023 | د.إ3.3t | د.إ649.5b | د.إ179.7b | 15.6x | 18.6x | 5.2x |
| Sun, 02 Apr 2023 | د.إ3.3t | د.إ642.3b | د.إ176.2b | 15x | 18.5x | 5.1x |
| Tue, 28 Feb 2023 | د.إ3.0t | د.إ563.4b | د.إ161.3b | 14.3x | 18.9x | 5.4x |
| Thu, 26 Jan 2023 | د.إ3.1t | د.إ554.3b | د.إ153.3b | 13.1x | 20.5x | 5.7x |
| Sat, 24 Dec 2022 | د.إ3.1t | د.إ554.4b | د.إ153.2b | 13.8x | 20.5x | 5.7x |
| Mon, 21 Nov 2022 | د.إ3.0t | د.إ543.2b | د.إ151.7b | 13.4x | 20.1x | 5.6x |
| Wed, 19 Oct 2022 | د.إ2.8t | د.إ513.1b | د.إ130.3b | 14.3x | 21.6x | 5.5x |
| Fri, 16 Sep 2022 | د.إ2.7t | د.إ509.2b | د.إ129.9b | 15x | 20.8x | 5.3x |
| Sun, 14 Aug 2022 | د.إ2.6t | د.إ506.5b | د.إ126.9b | 15.1x | 20.8x | 5.2x |
| Tue, 12 Jul 2022 | د.إ2.4t | د.إ479.8b | د.إ114.7b | 15.2x | 21x | 5x |
| Thu, 09 Jun 2022 | د.إ2.5t | د.إ478.4b | د.إ115.2b | 15.5x | 21.9x | 5.3x |
| Sat, 07 May 2022 | د.إ2.5t | د.إ434.9b | د.إ104.9b | 16x | 23.7x | 5.7x |
| Mon, 04 Apr 2022 | د.إ2.2t | د.إ396.2b | د.إ91.0b | 15.9x | 24.5x | 5.6x |
| Wed, 02 Mar 2022 | د.إ2.2t | د.إ372.9b | د.إ87.6b | 15x | 25x | 5.9x |
| Fri, 28 Jan 2022 | د.إ2.0t | د.إ344.3b | د.إ77.8b | 14.6x | 25.8x | 5.8x |
| Sun, 26 Dec 2021 | د.إ2.0t | د.إ341.7b | د.إ76.1b | 14.1x | 26x | 5.8x |
| Tue, 23 Nov 2021 | د.إ1.9t | د.إ341.9b | د.إ76.5b | 13.9x | 25.2x | 5.6x |
| Thu, 21 Oct 2021 | د.إ1.8t | د.إ314.0b | د.إ62.9b | 14.4x | 28.8x | 5.8x |
| Sat, 18 Sep 2021 | د.إ1.7t | د.إ308.2b | د.إ62.7b | 13.7x | 27.9x | 5.7x |
| Mon, 16 Aug 2021 | د.إ1.7t | د.إ309.4b | د.إ62.3b | 13.9x | 27.5x | 5.5x |
| Mon, 31 May 2021 | د.إ1.3t | د.إ276.1b | د.إ57.2b | 13.2x | 22.3x | 4.6x |
Price to Earnings Ratio
21.2x
Current Market PE
- Investors are pessimistic on the Emirian market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 14.4x which is lower than its 3-year average PE of 21.1x.
Past Earnings Growth
- The earnings for Emirian listed companies have grown 59% per year over the last three years.
- Revenues for these companies have grown 40% 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 Emirati Market?
| AE Market | -0.77% | |
| Materials | 1.36% | |
| Consumer Discretionary | 0.84% | |
| Financials | 0.59% | |
| Telecom | -0.047% | |
| Consumer Staples | -0.088% | |
| Industrials | -0.58% | |
| Energy | -0.63% | |
| Real Estate | -1.08% | |
| Healthcare | -1.52% | |
| Tech | -2.54% | |
| Utilities | -4.22% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 28.2x.
- Analysts are expecting annual earnings growth of 19.2%, which is lower than the prior year's growth of 58.0% per year.
- The Consumer Staples sector is the least preferred by investors for future growth, which is trading below its 3-year average of 37.1x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 19% over the next 5 years.
- However this is lower than its past earnings growth rate of 58% per year.
- In contrast, the Financials industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|---|
| ALDAR Aldar Properties PJSC | د.إ5.62 | 8.5% +د.إ3.5b | 7.9% | PE10x | Real Estate | |
| EMIRATESNBD Emirates NBD Bank PJSC | د.إ16.90 | 2.1% +د.إ2.2b | 20.3% | PB1x | Financials | |
| ADPORTS Abu Dhabi Ports Company PJSC | د.إ5.55 | 6.3% +د.إ1.7b | -15.3% | PE26.3x | Industrials | |
| BOROUGE Borouge | د.إ2.47 | 1.6% +د.إ1.2b | -7.1% | PE19x | Materials | |
| ADIB Abu Dhabi Islamic Bank PJSC | د.إ11.62 | 2.8% +د.إ1.2b | 11.5% | PB1.8x | Financials |
