Omani (MSM) Market Analysis & Valuation
UpdatedMay 02, 2024
DataAggregated Company Financials
Companies98
- 7D0.7%
- 3M3.6%
- 1Y1.7%
- YTD3.3%
In the last week, the market has been flat, with a notable exception in the Utilities sector dropping 3.8%. In line with that, the market has also been flat over the past year. As for the next few years, earnings are expected to grow by 10% per annum.
Market Valuation and Performance
Has the Omani Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 02 May 2024 | ر.ع9.2b | ر.ع9.8b | ر.ع680.2m | 12.1x | 13.5x | 0.9x |
| Sat, 30 Mar 2024 | ر.ع9.0b | ر.ع9.7b | ر.ع647.1m | 11.2x | 13.9x | 0.9x |
| Mon, 26 Feb 2024 | ر.ع8.8b | ر.ع9.6b | ر.ع741.1m | 11.3x | 11.9x | 0.9x |
| Wed, 24 Jan 2024 | ر.ع9.3b | ر.ع9.7b | ر.ع786.6m | 11.5x | 11.9x | 1x |
| Fri, 22 Dec 2023 | ر.ع9.2b | ر.ع9.6b | ر.ع790.5m | 11.7x | 11.7x | 1x |
| Sun, 19 Nov 2023 | ر.ع9.2b | ر.ع9.7b | ر.ع776.6m | 12.2x | 11.9x | 1x |
| Tue, 17 Oct 2023 | ر.ع8.8b | ر.ع9.5b | ر.ع630.6m | 11.8x | 13.9x | 0.9x |
| Thu, 14 Sep 2023 | ر.ع8.7b | ر.ع9.4b | ر.ع625.2m | 12.3x | 13.9x | 0.9x |
| Sat, 12 Aug 2023 | ر.ع8.8b | ر.ع9.3b | ر.ع587.4m | 13.5x | 15x | 0.9x |
| Mon, 10 Jul 2023 | ر.ع8.8b | ر.ع9.3b | ر.ع595.7m | 13.7x | 14.7x | 0.9x |
| Wed, 07 Jun 2023 | ر.ع8.5b | ر.ع9.3b | ر.ع577.1m | 12.6x | 14.8x | 0.9x |
| Fri, 05 May 2023 | ر.ع8.6b | ر.ع9.1b | ر.ع619.9m | 12.8x | 13.9x | 1x |
| Sun, 02 Apr 2023 | ر.ع8.7b | ر.ع9.0b | ر.ع594.5m | 12x | 14.6x | 1x |
| Tue, 28 Feb 2023 | ر.ع8.3b | ر.ع8.7b | ر.ع555.8m | 12x | 14.9x | 0.9x |
| Thu, 26 Jan 2023 | ر.ع8.3b | ر.ع8.7b | ر.ع574.8m | 10.8x | 14.4x | 0.9x |
| Sat, 24 Dec 2022 | ر.ع8.4b | ر.ع8.6b | ر.ع486.0m | 11x | 17.3x | 1x |
| Mon, 21 Nov 2022 | ر.ع7.9b | ر.ع8.5b | ر.ع560.1m | 11.2x | 14.1x | 0.9x |
| Wed, 19 Oct 2022 | ر.ع7.9b | ر.ع8.2b | ر.ع528.9m | 12.2x | 15x | 1x |
| Fri, 16 Sep 2022 | ر.ع8.0b | ر.ع8.1b | ر.ع532.2m | 11.9x | 15x | 1x |
| Sun, 14 Aug 2022 | ر.ع8.1b | ر.ع8.1b | ر.ع538.3m | 12x | 15x | 1x |
| Tue, 12 Jul 2022 | ر.ع7.3b | ر.ع7.9b | ر.ع523.3m | 12.3x | 13.9x | 0.9x |
| Thu, 09 Jun 2022 | ر.ع7.3b | ر.ع7.9b | ر.ع522.5m | 12.3x | 14x | 0.9x |
| Sat, 07 May 2022 | ر.ع7.3b | ر.ع7.8b | ر.ع524.3m | 11.7x | 14x | 0.9x |
| Mon, 04 Apr 2022 | ر.ع7.2b | ر.ع7.7b | ر.ع517.7m | 12x | 13.9x | 0.9x |
| Wed, 02 Mar 2022 | ر.ع7.1b | ر.ع7.8b | ر.ع550.0m | 11.3x | 12.9x | 0.9x |
| Fri, 28 Jan 2022 | ر.ع7.2b | ر.ع7.7b | ر.ع534.0m | 10.8x | 13.5x | 0.9x |
| Sun, 26 Dec 2021 | ر.ع7.1b | ر.ع7.6b | ر.ع532.9m | 10.7x | 13.4x | 0.9x |
| Tue, 23 Nov 2021 | ر.ع7.1b | ر.ع7.6b | ر.ع532.5m | 10.9x | 13.3x | 0.9x |
| Thu, 21 Oct 2021 | ر.ع7.0b | ر.ع7.5b | ر.ع540.5m | 11.1x | 13x | 0.9x |
| Sat, 18 Sep 2021 | ر.ع6.9b | ر.ع7.5b | ر.ع535.2m | 11.4x | 12.9x | 0.9x |
| Mon, 16 Aug 2021 | ر.ع7.0b | ر.ع7.5b | ر.ع537.3m | 11.4x | 13x | 0.9x |
| Mon, 31 May 2021 | ر.ع6.5b | ر.ع7.3b | ر.ع539.7m | 11.6x | 12x | 0.9x |
Price to Earnings Ratio
11.8x
Current Market PE
- Investors are relatively neutral on the Omani 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 13.8x.
Past Earnings Growth
- The earnings for Omani listed companies have grown 8.0% per year over the last three years.
- Revenues for these companies have grown 10% 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 Omani Market?
| OM Market | 0.72% | |
| Financials | 1.86% | |
| Consumer Staples | 0.92% | |
| Materials | 0.71% | |
| Telecom | 0.02% | |
| Real Estate | 0% | |
| Healthcare | 0% | |
| Tech | 0% | |
| Industrials | -0.65% | |
| Energy | -1.09% | |
| Consumer Discretionary | -1.66% | |
| Utilities | -3.84% | |
Sector PE
- Investors favour the Materials sector the most for future growth, which is trading close to its 3-year average PE ratio of 84.2x.
- Analysts expect its future annual earnings growth (26.9%) to be largely in line with prior year's earnings growth.
- The market's confidence could indicate that the market believes that analysts are underestimating future growth.
- The Utilities sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 5.7x.
Forecasted Growth
- Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 43% over the next 5 years.
- This is better than its past earnings growth rate of 4.4% per year.
- In contrast, the Energy sector is expected to see its earnings grow by 6.0% 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 | |
|---|---|---|---|---|---|---|
| BKSB Sohar International Bank SAOG | ر.ع0.14 | 11.3% +ر.ع78.0m | 32.7% | PB1x | Financials | |
| ABOB Ahli Bank SAOG | ر.ع0.16 | 3.2% +ر.ع11.7m | -7.0% | PB0.7x | Financials | |
| NBOB National Bank of Oman SAOG | ر.ع0.26 | 2.0% +ر.ع8.1m | -10.8% | PB0.6x | Financials | |
| BKDB Bank Dhofar SAOG | ر.ع0.16 | 1.3% +ر.ع6.0m | 1.3% | PB0.7x | Financials | |
| MHAS Al Maha Petroleum Products Marketing Company SAOG | ر.ع1.09 | 8.6% +ر.ع5.9m | -5.6% | PE12.5x | Energy |
