Here's What's Concerning About International Holding Company PJSC's (ADX:IHC) Returns On Capital
Apr 02
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Emirati (ADX) Market Analysis & Valuation
UpdatedApr 18, 2025
DataAggregated Company Financials
Companies152
- 7D1.4%
- 3M-4.4%
- 1Y3.0%
- YTD-2.9%
Over the past 7 days, the market has risen 1.4% with the Communication Services sector contributing the most to the gain. The market has been flat overall in the last year. As for the next few years, earnings are expected to grow by 4.4% per annum.
Market Valuation and Performance
Has the Emirati Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 18 Apr 2025 | د.إ3.7t | د.إ1.0t | د.إ238.0b | 12.6x | 15.6x | 3.7x |
| Sun, 16 Mar 2025 | د.إ3.6t | د.إ998.2b | د.إ237.2b | 13.3x | 15.4x | 3.7x |
| Tue, 11 Feb 2025 | د.إ3.7t | د.إ942.8b | د.إ241.0b | 13.2x | 15.5x | 4x |
| Thu, 09 Jan 2025 | د.إ3.7t | د.إ928.2b | د.إ235.9b | 13.5x | 15.7x | 4x |
| Sat, 07 Dec 2024 | د.إ3.5t | د.إ923.4b | د.إ232.9b | 13x | 15x | 3.8x |
| Mon, 04 Nov 2024 | د.إ3.5t | د.إ879.7b | د.إ235.6b | 13.1x | 14.8x | 4x |
| Wed, 02 Oct 2024 | د.إ3.5t | د.إ849.5b | د.إ229.1b | 13.6x | 15.3x | 4.1x |
| Fri, 30 Aug 2024 | د.إ3.4t | د.إ834.1b | د.إ228.6b | 13.6x | 14.7x | 4x |
| Sun, 28 Jul 2024 | د.إ3.4t | د.إ793.5b | د.إ217.3b | 13.3x | 15.6x | 4.3x |
| Tue, 25 Jun 2024 | د.إ3.3t | د.إ781.8b | د.إ214.8b | 13.2x | 15.3x | 4.2x |
| Thu, 23 May 2024 | د.إ3.3t | د.إ781.8b | د.إ214.9b | 13.1x | 15.3x | 4.2x |
| Sat, 20 Apr 2024 | د.إ3.4t | د.إ752.3b | د.إ222.1b | 14.1x | 15.2x | 4.5x |
| Mon, 18 Mar 2024 | د.إ3.4t | د.إ739.0b | د.إ221.9b | 14.7x | 15.4x | 4.6x |
| Wed, 14 Feb 2024 | د.إ3.4t | د.إ660.8b | د.إ187.9b | 16x | 18x | 5.1x |
| Fri, 12 Jan 2024 | د.إ3.5t | د.إ653.9b | د.إ188.1b | 15.8x | 18.5x | 5.3x |
| Sun, 10 Dec 2023 | د.إ3.3t | د.إ653.9b | د.إ188.1b | 15.3x | 17.6x | 5.1x |
| Tue, 07 Nov 2023 | د.إ3.3t | د.إ646.2b | د.إ189.8b | 14.9x | 17.6x | 5.2x |
| Thu, 05 Oct 2023 | د.إ3.5t | د.إ626.7b | د.إ189.7b | 16x | 18.4x | 5.6x |
| Sat, 02 Sep 2023 | د.إ3.5t | د.إ616.4b | د.إ187.4b | 15.8x | 18.6x | 5.6x |
| Mon, 31 Jul 2023 | د.إ3.4t | د.إ614.8b | د.إ188.9b | 16.4x | 18.2x | 5.6x |
| Wed, 28 Jun 2023 | د.إ3.4t | د.إ664.1b | د.إ195.4b | 16.1x | 17.2x | 5.1x |
| Fri, 26 May 2023 | د.إ3.3t | د.إ663.9b | د.إ195.2b | 15.5x | 16.7x | 4.9x |
| Sun, 23 Apr 2023 | د.إ3.3t | د.إ643.8b | د.إ177.3b | 15.4x | 18.6x | 5.1x |
| Tue, 21 Mar 2023 | د.إ3.2t | د.إ640.6b | د.إ177.4b | 15x | 18.1x | 5x |
| Thu, 16 Feb 2023 | د.إ3.1t | د.إ567.7b | د.إ161.6b | 13.7x | 18.9x | 5.4x |
| Sat, 14 Jan 2023 | د.إ3.1t | د.إ554.4b | د.إ153.4b | 13.8x | 20.5x | 5.7x |
| Mon, 12 Dec 2022 | د.إ3.1t | د.إ545.6b | د.إ152.3b | 13.3x | 20.7x | 5.8x |
| Wed, 09 Nov 2022 | د.إ3.1t | د.إ528.9b | د.إ143.3b | 14.5x | 21.4x | 5.8x |
| Fri, 07 Oct 2022 | د.إ2.7t | د.إ509.2b | د.إ129.9b | 14.2x | 21.1x | 5.4x |
| Sun, 04 Sep 2022 | د.إ2.6t | د.إ508.7b | د.إ130.0b | 15.2x | 19.8x | 5.1x |
| Tue, 02 Aug 2022 | د.إ2.5t | د.إ486.4b | د.إ117.9b | 14.7x | 21.6x | 5.2x |
| Thu, 30 Jun 2022 | د.إ2.5t | د.إ475.6b | د.إ114.2b | 15.2x | 21.5x | 5.2x |
| Sat, 28 May 2022 | د.إ2.4t | د.إ455.5b | د.إ109.4b | 15.1x | 21.9x | 5.3x |
| Mon, 25 Apr 2022 | د.إ2.5t | د.إ421.4b | د.إ97.8b | 16.1x | 25.4x | 5.9x |
Price to Earnings Ratio
25.4x
Current Market PE
- Investors are pessimistic on the Emirian market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 15.6x which is lower than its 3-year average PE of 17.8x.
Past Earnings Growth
- The earnings for Emirian listed companies have grown 34% per year over the last three years.
- Revenues for these companies have grown 33% 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 Emirati Market?
| AE Market | 1.42% | |
| Telecom | 5.69% | |
| Healthcare | 3.67% | |
| Tech | 2.97% | |
| Energy | 2.29% | |
| Utilities | 1.69% | |
| Real Estate | 1.67% | |
| Consumer Discretionary | 1.62% | |
| Financials | 1.17% | |
| Industrials | 0.76% | |
| Consumer Staples | -0.74% | |
| Materials | -1.13% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 25.5x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 6.3% which is higher than its past year's earnings decline of 7.4% per year.
- The Real Estate sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 9.6x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 23% over the next 5 years.
- This is better than its past earnings growth rate of 19% per year.
- In contrast, the Industrials industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|---|
| ADNOCGAS ADNOC Gas | د.إ3.09 | 4.0% +د.إ9.2b | 0.3% | PE12.9x | Energy | |
| DEWA Dubai Electricity and Water Authority (PJSC) | د.إ2.62 | 4.8% +د.إ6.0b | 10.1% | PE18.7x | Utilities | |
| EAND Emirates Telecommunications Group Company PJSC | د.إ17.34 | 4.0% +د.إ5.7b | -1.3% | PE14x | Telecom | |
| TAQA Abu Dhabi National Energy Company PJSC | د.إ3.15 | 1.6% +د.إ5.6b | 5.4% | PE50.6x | Utilities | |
| FAB First Abu Dhabi Bank P.J.S.C | د.إ13.62 | 2.7% +د.إ4.0b | 6.4% | PB1.2x | Financials |
