Bahraini (BAX) Market Analysis & Valuation
UpdatedJun 04, 2024
DataAggregated Company Financials
Companies30
- 7D0.2%
- 3M0.7%
- 1Y6.2%
- YTD4.0%
The market has been flat in the last week, however the Real Estate sector is down 3.8%. More promisingly, the market is up 6.2% over the past year. Looking forward, earnings are forecast to grow by 38% annually.
Market Valuation and Performance
Has the Bahraini Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 04 Jun 2024 | ب.د8.1b | ب.د4.7b | ب.د648.9m | 11.7x | 12.5x | 1.7x |
| Thu, 02 May 2024 | ب.د8.1b | ب.د4.7b | ب.د642.7m | 11.4x | 12.5x | 1.7x |
| Sat, 30 Mar 2024 | ب.د8.1b | ب.د4.7b | ب.د644.8m | 11.4x | 12.6x | 1.7x |
| Mon, 26 Feb 2024 | ب.د7.6b | ب.د4.6b | ب.د663.7m | 11.5x | 11.5x | 1.7x |
| Wed, 24 Jan 2024 | ب.د7.8b | ب.د5.4b | ب.د682.0m | 11.5x | 11.5x | 1.4x |
| Fri, 22 Dec 2023 | ب.د7.5b | ب.د5.4b | ب.د681.6m | 11.4x | 11.1x | 1.4x |
| Sun, 19 Nov 2023 | ب.د7.6b | ب.د5.5b | ب.د684.9m | 11.5x | 11.1x | 1.4x |
| Tue, 17 Oct 2023 | ب.د7.6b | ب.د5.4b | ب.د718.3m | 11.3x | 10.5x | 1.4x |
| Thu, 14 Sep 2023 | ب.د7.4b | ب.د5.4b | ب.د718.3m | 11.7x | 10.3x | 1.4x |
| Sat, 12 Aug 2023 | ب.د7.4b | ب.د5.2b | ب.د883.5m | 11.9x | 8.3x | 1.4x |
| Mon, 10 Jul 2023 | ب.د7.3b | ب.د5.2b | ب.د884.4m | 12x | 8.2x | 1.4x |
| Wed, 07 Jun 2023 | ب.د7.5b | ب.د5.5b | ب.د874.5m | 11.4x | 8.5x | 1.4x |
| Fri, 05 May 2023 | ب.د7.1b | ب.د5.6b | ب.د1.0b | 11.3x | 7x | 1.3x |
| Sun, 02 Apr 2023 | ب.د7.0b | ب.د5.6b | ب.د1.0b | 10.9x | 6.9x | 1.2x |
| Tue, 28 Feb 2023 | ب.د7.5b | ب.د5.6b | ب.د999.7m | 11x | 7.5x | 1.3x |
| Thu, 26 Jan 2023 | ب.د7.4b | ب.د5.7b | ب.د1.2b | 10.7x | 6x | 1.3x |
| Sat, 24 Dec 2022 | ب.د6.9b | ب.د5.7b | ب.د1.2b | 10.9x | 5.6x | 1.2x |
| Mon, 21 Nov 2022 | ب.د7.0b | ب.د5.7b | ب.د1.2b | 10.9x | 5.7x | 1.2x |
| Wed, 19 Oct 2022 | ب.د17.9b | ب.د6.6b | ب.د1.8b | 11.4x | 9.7x | 2.7x |
| Fri, 16 Sep 2022 | ب.د18.3b | ب.د6.6b | ب.د1.8b | 11.6x | 9.9x | 2.8x |
| Sun, 14 Aug 2022 | ب.د18.1b | ب.د6.3b | ب.د1.7b | 11.6x | 10.4x | 2.9x |
| Tue, 12 Jul 2022 | ب.د17.5b | ب.د6.2b | ب.د1.7b | 13.1x | 10.6x | 2.8x |
| Thu, 09 Jun 2022 | ب.د17.2b | ب.د6.0b | ب.د1.7b | 13.1x | 10.3x | 2.8x |
| Sat, 07 May 2022 | ب.د19.2b | ب.د5.8b | ب.د1.5b | 13.3x | 12.7x | 3.3x |
| Mon, 04 Apr 2022 | ب.د19.3b | ب.د5.8b | ب.د1.5b | 14.5x | 12.8x | 3.3x |
| Wed, 02 Mar 2022 | ب.د18.2b | ب.د5.8b | ب.د1.5b | 13.8x | 12.2x | 3.1x |
| Fri, 28 Jan 2022 | ب.د16.6b | ب.د5.4b | ب.د1.1b | 14.8x | 15.6x | 3.1x |
| Sun, 26 Dec 2021 | ب.د16.5b | ب.د5.4b | ب.د1.1b | 14.3x | 15.5x | 3.1x |
| Tue, 23 Nov 2021 | ب.د16.7b | ب.د5.4b | ب.د1.1b | 14.7x | 15.9x | 3.1x |
| Thu, 21 Oct 2021 | ب.د16.3b | ب.د5.2b | ب.د845.0m | 14.9x | 19.3x | 3.2x |
| Sat, 18 Sep 2021 | ب.د15.7b | ب.د5.2b | ب.د850.7m | 14.8x | 18.5x | 3x |
| Mon, 16 Aug 2021 | ب.د15.8b | ب.د5.3b | ب.د835.2m | 13.6x | 18.9x | 3x |
Price to Earnings Ratio
18.2x
Current Market PE
- Investors are relatively neutral on the Bahraini 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 11.4x.
Past Earnings Growth
- The earnings for companies in the Bahraini industry have declined 8.1% per year over the last three years.
- Revenues have also declined 3.4% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Sector Trends
Which sectors have driven the changes within the Bahraini Market?
| BH Market | 0.23% | |
| Financials | 0.56% | |
| Industrials | 0.34% | |
| Energy | 0% | |
| Materials | 0% | |
| Consumer Staples | 0% | |
| Healthcare | 0% | |
| Tech | 0% | |
| Utilities | 0% | |
| Telecom | -0.10% | |
| Consumer Discretionary | -1.39% | |
| Real Estate | -3.85% | |
Sector PE
- Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 6.3x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 37.7% which is higher than its past year's earnings decline of 70.0% per year.
- The Real Estate sector is the least preferred by investors for future growth, which is trading below its 3-year average of 14.0x.
Forecasted Growth
- Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 38% over the next 5 years.
- This is better than its past earnings decline of 70% per year.
- In contrast, the Materials sector is expected to see its earnings grow by 38% 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 | |
|---|---|---|---|---|---|---|
| SALAM Al Salam Bank B.S.C | ب.د0.23 | 5.4% +ب.د32.3m | 67.6% | PB1.6x | Financials | |
| BBK Bank of Bahrain and Kuwait B.S.C | ب.د0.51 | 0.4% +ب.د3.6m | 3.0% | PB1.5x | Financials | |
| APMTB APM Terminals Bahrain B.S.C | ب.د1.24 | 2.9% +ب.د3.2m | 23.5% | PE13.9x | Industrials | |
| ESTERAD Esterad Investment Company BSC | ب.د0.23 | 4.4% +ب.د1.5m | 122.3% | PE6.2x | Financials | |
| BASREC Bahrain Ship Repairing and Engineering Company BSC | ب.د1.05 | 5.0% +ب.د989.6k | 6.6% | PE9.2x | Industrials |
