Egyptian (OMX) Banks Industry Analysis
UpdatedMay 18, 2024
DataAggregated Company Financials
Companies10
- 7D0.06%
- 3M-14.4%
- 1Y46.2%
- YTD-1.2%
The Banks industry has been flat over the last week, but QNB AlahliE has lost 6.5%. As for the the longer term, the industry is up 46% over the past 12 months. As for the next few years, earnings are expected to grow by 16% per annum.
Industry Valuation and Performance
Has the Egyptian Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 18 May 2024 | ج.م369.1b | ج.م157.0b | ج.م70.4b | 3.8x | 5.2x | 2.4x |
| Mon, 15 Apr 2024 | ج.م400.1b | ج.م128.7b | ج.م60.4b | 4.7x | 6.6x | 3.1x |
| Wed, 13 Mar 2024 | ج.م488.3b | ج.م128.7b | ج.م61.2b | 5.9x | 8x | 3.8x |
| Fri, 09 Feb 2024 | ج.م429.7b | ج.م119.7b | ج.م54.7b | 5.3x | 7.8x | 3.6x |
| Sun, 07 Jan 2024 | ج.م373.8b | ج.م117.3b | ج.م54.1b | 4.7x | 6.9x | 3.2x |
| Tue, 05 Dec 2023 | ج.م374.0b | ج.م117.3b | ج.م54.1b | 4.5x | 6.9x | 3.2x |
| Thu, 02 Nov 2023 | ج.م308.8b | ج.م104.0b | ج.م47.2b | 4.1x | 6.5x | 3x |
| Sat, 30 Sep 2023 | ج.م286.8b | ج.م101.3b | ج.م46.1b | 3.9x | 6.2x | 2.8x |
| Mon, 28 Aug 2023 | ج.م265.9b | ج.م101.3b | ج.م46.1b | 3.8x | 5.8x | 2.6x |
| Wed, 26 Jul 2023 | ج.م251.3b | ج.م97.5b | ج.م44.6b | 4x | 5.6x | 2.6x |
| Fri, 23 Jun 2023 | ج.م248.5b | ج.م89.0b | ج.م39.0b | 4.2x | 6.4x | 2.8x |
| Sun, 21 May 2023 | ج.م235.5b | ج.م86.8b | ج.م37.9b | 4x | 6.2x | 2.7x |
| Tue, 18 Apr 2023 | ج.م249.3b | ج.م81.1b | ج.م35.2b | 4.2x | 7.1x | 3.1x |
| Thu, 16 Mar 2023 | ج.م215.6b | ج.م77.2b | ج.م32.7b | 4.1x | 6.6x | 2.8x |
| Sat, 11 Feb 2023 | ج.م261.4b | ج.م73.3b | ج.م31.5b | 5.2x | 8.3x | 3.6x |
| Mon, 09 Jan 2023 | ج.م209.9b | ج.م71.2b | ج.م30.2b | 5x | 7x | 2.9x |
| Wed, 07 Dec 2022 | ج.م201.7b | ج.م71.2b | ج.م30.2b | 4.1x | 6.7x | 2.8x |
| Fri, 04 Nov 2022 | ج.م153.1b | ج.م68.0b | ج.م29.1b | 3.8x | 5.3x | 2.3x |
| Sun, 02 Oct 2022 | ج.م130.9b | ج.م67.1b | ج.م28.6b | 3.5x | 4.6x | 1.9x |
| Tue, 30 Aug 2022 | ج.م135.5b | ج.م67.2b | ج.م28.6b | 4.1x | 4.7x | 2x |
| Thu, 28 Jul 2022 | ج.م125.9b | ج.م64.5b | ج.م27.5b | 4x | 4.6x | 2x |
| Sat, 25 Jun 2022 | ج.م129.0b | ج.م63.7b | ج.م27.3b | 4x | 4.7x | 2x |
| Mon, 23 May 2022 | ج.م140.7b | ج.م63.3b | ج.م27.1b | 4.2x | 5.2x | 2.2x |
| Wed, 20 Apr 2022 | ج.م147.0b | ج.م63.1b | ج.م27.0b | 4.2x | 5.4x | 2.3x |
| Fri, 18 Mar 2022 | ج.م156.3b | ج.م63.0b | ج.م26.8b | 4.1x | 5.8x | 2.5x |
| Sun, 13 Feb 2022 | ج.م176.7b | ج.م61.3b | ج.م26.0b | 4.5x | 6.8x | 2.9x |
| Tue, 11 Jan 2022 | ج.م181.1b | ج.م61.0b | ج.م26.1b | 4.4x | 6.9x | 3x |
| Thu, 09 Dec 2021 | ج.م171.5b | ج.م60.9b | ج.م26.2b | 4.3x | 6.5x | 2.8x |
| Sat, 06 Nov 2021 | ج.م172.2b | ج.م58.5b | ج.م25.0b | 4.3x | 6.9x | 2.9x |
| Mon, 04 Oct 2021 | ج.م152.0b | ج.م58.2b | ج.م24.9b | 4.3x | 6.1x | 2.6x |
| Wed, 01 Sep 2021 | ج.م163.3b | ج.م58.2b | ج.م24.9b | 4.9x | 6.6x | 2.8x |
| Thu, 08 Jul 2021 | ج.م139.9b | ج.م58.2b | ج.م24.9b | 4.6x | 5.6x | 2.4x |
Price to Earnings Ratio
5.9x
Current Industry PE
- Investors are pessimistic on the Egyptian Banks 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 5.2x which is lower than its 3-year average PE of 6.2x.
- The 3-year average PS ratio of 2.7x is higher than the industry's current PS ratio of 2.4x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 43% 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.
Industry Trends
Which industries have driven the changes within the Egyptian Financials industry?
| EG Market | -0.34% | |
| Financials | -0.29% | |
| Banks | 0.063% | |
| Diversified Banks | 0.15% | |
| Regional Banks | -2.08% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 6.3x.
- Analysts are expecting annual earnings growth of 15.6%, which is lower than the prior year's growth of 95.7% per year.
- Investors are most pessimistic about the Regional Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 3.8x.
Forecasted Growth
- Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 19% over the next 5 years.
- However this is lower than its past earnings growth rate of 47% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|
| COMI Commercial International Bank (Egypt)E | ج.م75.11 | 2.4% +ج.م5.4b | 47.0% | PB2.2x | |
| ADIB Abu Dhabi Islamic Bank - Egypt -E | ج.م39.00 | 5.3% +ج.م975.0m | 72.1% | PB1.2x | |
| HDBK Housing and Development Bank- Egypt (S.A.E) | ج.م40.99 | 0.6% +ج.م127.5m | 136.0% | PB1.2x |