We Think Apex Investment PSC's (ADX:APEX) Healthy Earnings Might Be Conservative
May 04
Emirati (ADX) Materials Sector Analysis
UpdatedMay 17, 2024
DataAggregated Company Financials
Companies11
- 7D-2.3%
- 3M-2.2%
- 1Y-10.4%
- YTD-4.5%
Over the last 7 days, the Materials industry has dropped 2.2%, driven by a pullback from Fertiglobe of 6.5%. Meanwhile, Fujairah Cement Industries PJSC actually outperformed within the industry, gaining 6.4% in the last week. However, the industry is down 9.5% over the past year. Looking forward, earnings are forecast to grow by 9.6% annually.
Sector Valuation and Performance
Has the Emirati Materials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 18 May 2024 | د.إ112.8b | د.إ40.8b | د.إ5.6b | 18.2x | 20.1x | 2.8x |
| Mon, 15 Apr 2024 | د.إ115.0b | د.إ41.9b | د.إ5.2b | 20.1x | 22x | 2.7x |
| Wed, 13 Mar 2024 | د.إ114.7b | د.إ43.4b | د.إ5.6b | 20.9x | 20.6x | 2.6x |
| Fri, 09 Feb 2024 | د.إ114.2b | د.إ43.2b | د.إ5.5b | 19.1x | 20.9x | 2.6x |
| Sun, 07 Jan 2024 | د.إ118.6b | د.إ50.9b | د.إ6.7b | 18.9x | 17.7x | 2.3x |
| Tue, 05 Dec 2023 | د.إ120.8b | د.إ50.9b | د.إ6.7b | 19.2x | 18x | 2.4x |
| Thu, 02 Nov 2023 | د.إ120.5b | د.إ54.2b | د.إ7.6b | 18.7x | 15.8x | 2.2x |
| Sat, 30 Sep 2023 | د.إ128.9b | د.إ49.0b | د.إ6.3b | 21.2x | 20.6x | 2.6x |
| Mon, 28 Aug 2023 | د.إ133.2b | د.إ49.0b | د.إ6.3b | 22.3x | 21.3x | 2.7x |
| Wed, 26 Jul 2023 | د.إ132.5b | د.إ50.5b | د.إ7.5b | 20x | 17.6x | 2.6x |
| Fri, 23 Jun 2023 | د.إ125.1b | د.إ50.5b | د.إ7.5b | 18.9x | 16.7x | 2.5x |
| Sun, 21 May 2023 | د.إ125.3b | د.إ50.5b | د.إ7.5b | 20.6x | 16.7x | 2.5x |
| Tue, 18 Apr 2023 | د.إ134.2b | د.إ52.7b | د.إ9.0b | 19.3x | 14.9x | 2.5x |
| Thu, 16 Mar 2023 | د.إ130.4b | د.إ52.7b | د.إ9.1b | 19.8x | 14.4x | 2.5x |
| Sat, 11 Feb 2023 | د.إ140.0b | د.إ53.3b | د.إ9.0b | 23.9x | 15.6x | 2.6x |
| Mon, 09 Jan 2023 | د.إ138.8b | د.إ54.1b | د.إ10.3b | 22.9x | 13.5x | 2.6x |
| Wed, 07 Dec 2022 | د.إ147.9b | د.إ54.1b | د.إ10.3b | 23.5x | 14.4x | 2.7x |
| Fri, 04 Nov 2022 | د.إ150.4b | د.إ52.0b | د.إ9.9b | 22x | 15.2x | 2.9x |
| Sun, 02 Oct 2022 | د.إ161.3b | د.إ49.5b | د.إ9.7b | 20.8x | 16.6x | 3.3x |
| Tue, 30 Aug 2022 | د.إ167.7b | د.إ49.0b | د.إ9.8b | 20.2x | 17.1x | 3.4x |
| Thu, 28 Jul 2022 | د.إ151.6b | د.إ43.6b | د.إ8.3b | 19.7x | 18.3x | 3.5x |
| Sat, 25 Jun 2022 | د.إ157.4b | د.إ43.6b | د.إ8.3b | 20.1x | 19x | 3.6x |
| Mon, 23 May 2022 | د.إ72.6b | د.إ20.6b | د.إ2.9b | 25.5x | 24.9x | 3.5x |
| Wed, 20 Apr 2022 | د.إ77.0b | د.إ16.3b | د.إ1.9b | 18x | 41.6x | 4.7x |
| Fri, 18 Mar 2022 | د.إ56.2b | د.إ14.1b | د.إ2.4b | 16.6x | 23.3x | 4x |
| Sun, 13 Feb 2022 | د.إ45.3b | د.إ11.6b | د.إ1.2b | 22.3x | 36.7x | 3.9x |
| Tue, 11 Jan 2022 | د.إ45.1b | د.إ2.0b | -د.إ184,386,076.00 | 18.5x | -244.9x | 22.8x |
| Thu, 09 Dec 2021 | د.إ45.2b | د.إ2.0b | -د.إ184,386,076.00 | 17.5x | -244.9x | 22.8x |
| Sat, 06 Nov 2021 | د.إ16.4b | د.إ2.0b | -د.إ400,020,946.00 | 31.2x | -41x | 8.2x |
| Mon, 04 Oct 2021 | د.إ6.1b | د.إ2.0b | -د.إ432,486,935.00 | 19.9x | -14x | 3x |
| Wed, 01 Sep 2021 | د.إ6.6b | د.إ2.0b | -د.إ432,486,935.00 | 17.9x | -15.3x | 3.3x |
| Thu, 08 Jul 2021 | د.إ5.1b | د.إ2.0b | -د.إ432,486,935.00 | 14.6x | -11.8x | 2.5x |
Price to Earnings Ratio
-13.4x
Current Industry PE
- Investors are pessimistic on the Emirian Materials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 20.3x which is higher than its 3-year average PE of -5.9x.
- The 3-year average PS ratio of 4.6x is higher than the industry's current PS ratio of 2.8x.
Past Earnings Growth
- Total earnings for the Materials industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 174% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Emirati Materials sector?
| AE Market | -0.65% | |
| Materials | -2.30% | |
| Packaging | 0% | |
| Metals and Mining | 0% | |
| Paper and Forestry Products | 0% | |
| Chemicals | -1.85% | |
| Basic Materials | -4.61% | |
Industry PE
- Investors are most optimistic about the Basic Materials industry which is trading above its 3-year average PE ratio.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Chemicals industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 14.0x.
Forecasted Growth
- Analysts are most optimistic on the Chemicals industry, expecting annual earnings growth of 9.6% over the next 5 years.
- This is better than its past earnings decline of 27% per year.
- In contrast, the Chemicals industry is expected to see its earnings grow by 9.6% 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 | |
|---|---|---|---|---|---|
| NCC National Cement Company (Public Shareholding) | د.إ2.50 | 2.0% +د.إ17.9m | 6.4% | PE14.4x | |
| FCI Fujairah Cement Industries PJSC | د.إ0.31 | 2.6% +د.إ2.8m | -14.9% | PS0.4x |