Egyptian (OMX) Market Analysis & Valuation
UpdatedMay 02, 2024
DataAggregated Company Financials
Companies204
- 7D-2.9%
- 3M-16.6%
- 1Y45.2%
- YTD-4.0%
Over the last 7 days, the market has dropped 2.9%, driven by a loss of 6.1% in the Materials sector. As for the longer term, the market has actually risen by 45% in the last year. As for the next few years, earnings are expected to grow by 16% per annum.
Market Valuation and Performance
Has the Egyptian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 02 May 2024 | ج.م1.5t | ج.م1.2t | ج.م186.7b | 8.6x | 8.1x | 1.3x |
| Sat, 30 Mar 2024 | ج.م1.6t | ج.م1.2t | ج.م176.1b | 10x | 9.3x | 1.4x |
| Mon, 26 Feb 2024 | ج.م1.9t | ج.م1.1t | ج.م167.9b | 14x | 11.3x | 1.7x |
| Wed, 24 Jan 2024 | ج.م1.8t | ج.م1.1t | ج.م162.8b | 12.5x | 10.9x | 1.7x |
| Fri, 22 Dec 2023 | ج.م1.5t | ج.م1.1t | ج.م157.5b | 11.3x | 9.4x | 1.4x |
| Sun, 19 Nov 2023 | ج.م1.5t | ج.م1.0t | ج.م158.1b | 10.9x | 9.4x | 1.5x |
| Tue, 17 Oct 2023 | ج.م1.3t | ج.م973.1b | ج.م144.8b | 9.3x | 8.9x | 1.3x |
| Thu, 14 Sep 2023 | ج.م1.1t | ج.م966.7b | ج.م145.0b | 9.6x | 7.8x | 1.2x |
| Sat, 12 Aug 2023 | ج.م1.0t | ج.م926.6b | ج.م147.0b | 9.8x | 7.1x | 1.1x |
| Mon, 10 Jul 2023 | ج.م1.5t | ج.م873.6b | ج.م141.6b | 10.4x | 10.6x | 1.7x |
| Wed, 07 Jun 2023 | ج.م972.6b | ج.م1.5t | ج.م174.7b | 10.5x | 5.6x | 0.7x |
| Fri, 05 May 2023 | ج.م946.5b | ج.م815.8b | ج.م127.0b | 10.5x | 7.5x | 1.2x |
| Sun, 02 Apr 2023 | ج.م877.0b | ج.م802.6b | ج.م125.3b | 9.4x | 7x | 1.1x |
| Tue, 28 Feb 2023 | ج.م920.2b | ج.م782.8b | ج.م111.4b | 10.8x | 8.3x | 1.2x |
| Thu, 26 Jan 2023 | ج.م918.7b | ج.م768.3b | ج.م107.3b | 11.4x | 8.6x | 1.2x |
| Sat, 24 Dec 2022 | ج.م813.7b | ج.م764.5b | ج.م104.6b | 10.8x | 7.8x | 1.1x |
| Mon, 21 Nov 2022 | ج.م697.5b | ج.م664.9b | ج.م102.0b | 10x | 6.8x | 1x |
| Wed, 19 Oct 2022 | ج.م602.4b | ج.م650.0b | ج.م100.0b | 9.3x | 6x | 0.9x |
| Fri, 16 Sep 2022 | ج.م584.2b | ج.م642.9b | ج.م97.2b | 9.3x | 6x | 0.9x |
| Sun, 14 Aug 2022 | ج.م562.3b | ج.م612.8b | ج.م92.1b | 9.4x | 6.1x | 0.9x |
| Tue, 12 Jul 2022 | ج.م490.7b | ج.م605.6b | ج.م89.1b | 8.2x | 5.5x | 0.8x |
| Thu, 09 Jun 2022 | ج.م549.0b | ج.م589.2b | ج.م84.9b | 8.8x | 6.5x | 0.9x |
| Sat, 07 May 2022 | ج.م597.8b | ج.م570.2b | ج.م83.6b | 10.1x | 7.2x | 1x |
| Mon, 04 Apr 2022 | ج.م623.5b | ج.م566.2b | ج.م81.9b | 10.3x | 7.6x | 1.1x |
| Wed, 02 Mar 2022 | ج.م605.0b | ج.م500.7b | ج.م77.7b | 9.6x | 7.8x | 1.2x |
| Fri, 28 Jan 2022 | ج.م626.6b | ج.م493.5b | ج.م74.6b | 10.9x | 8.4x | 1.3x |
| Sun, 26 Dec 2021 | ج.م638.0b | ج.م491.9b | ج.م74.1b | 10.9x | 8.6x | 1.3x |
| Tue, 23 Nov 2021 | ج.م595.1b | ج.م478.1b | ج.م72.2b | 10.4x | 8.2x | 1.2x |
| Thu, 21 Oct 2021 | ج.م623.7b | ج.م466.0b | ج.م70.0b | 11.6x | 8.9x | 1.3x |
| Sat, 18 Sep 2021 | ج.م620.6b | ج.م459.6b | ج.م67.3b | 12.3x | 9.2x | 1.4x |
| Mon, 16 Aug 2021 | ج.م624.4b | ج.م462.9b | ج.م67.2b | 12.9x | 9.3x | 1.3x |
| Mon, 31 May 2021 | ج.م545.3b | ج.م437.5b | ج.م61.0b | 10.8x | 8.9x | 1.2x |
Price to Earnings Ratio
9x
Current Market PE
- Investors are relatively neutral on the Egyptian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 8.0x.
Past Earnings Growth
- The earnings for Egyptian listed companies have grown 45% per year over the last three years.
- Revenues for these companies have grown 39% 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 Egyptian Market?
| EG Market | -2.90% | |
| Telecom | 1.66% | |
| Energy | 0% | |
| Tech | 0% | |
| Consumer Discretionary | -0.94% | |
| Industrials | -1.01% | |
| Financials | -2.01% | |
| Real Estate | -2.96% | |
| Utilities | -3.49% | |
| Consumer Staples | -4.82% | |
| Materials | -6.06% | |
| Healthcare | -6.35% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 18.4x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 2.6x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 23% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Industrials sector is expected to see its earnings grow by 8.5% 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 | |
|---|---|---|---|---|---|---|
| EFIH e-finance for Digital and Financial InvestmentsE | ج.م23.71 | 8.8% +ج.م3.5b | 32.6% | PE39.3x | Financials | |
| SWDY El Sewedy Electric | ج.م32.50 | 2.7% +ج.م1.8b | 90.2% | PE7.6x | Industrials | |
| ETEL Telecom Egypt | ج.م33.00 | 3.1% +ج.م1.7b | 41.5% | PE5.8x | Telecom | |
| JUFO Juhayna Food IndustriesE | ج.م14.86 | 7.0% +ج.م913.2m | 9.6% | PE15.1x | Consumer Staples | |
| GBCO GB | ج.م10.46 | 6.7% +ج.م716.4m | 80.0% | PE6.2x | Consumer Discretionary |
