Emaar Properties PJSC's (DFM:EMAAR) Earnings Offer More Than Meets The Eye
Nov 21
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Emirati (ADX) Market Analysis & Valuation
UpdatedNov 22, 2024
DataAggregated Company Financials
Companies143
- 7D-0.5%
- 3M2.3%
- 1Y-0.4%
- YTD-1.6%
The market has stayed flat over the 7 days. In line with that, the market has also been flat over the past year. Looking forward, earnings are forecast to grow by 3.7% annually.
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, 22 Nov 2024 | د.إ3.5t | د.إ894.5b | د.إ231.6b | 13x | 14.9x | 3.9x |
| Sun, 20 Oct 2024 | د.إ3.5t | د.إ848.5b | د.إ229.7b | 13.3x | 15.1x | 4.1x |
| Tue, 17 Sep 2024 | د.إ3.4t | د.إ848.7b | د.إ228.7b | 13.3x | 15x | 4x |
| Thu, 15 Aug 2024 | د.إ3.4t | د.إ831.1b | د.إ227.9b | 13x | 14.7x | 4x |
| Sat, 13 Jul 2024 | د.إ3.3t | د.إ787.6b | د.إ216.3b | 13.2x | 15.4x | 4.2x |
| Mon, 10 Jun 2024 | د.إ3.2t | د.إ781.8b | د.إ214.9b | 13.2x | 15x | 4.1x |
| Wed, 08 May 2024 | د.إ3.3t | د.إ767.2b | د.إ223.5b | 14.1x | 14.8x | 4.3x |
| Fri, 05 Apr 2024 | د.إ3.4t | د.إ738.0b | د.إ221.3b | 14.1x | 15.3x | 4.6x |
| Sun, 03 Mar 2024 | د.إ3.4t | د.إ740.3b | د.إ220.8b | 15.3x | 15.3x | 4.6x |
| Tue, 30 Jan 2024 | د.إ3.4t | د.إ658.5b | د.إ189.2b | 15.3x | 18.1x | 5.2x |
| Thu, 28 Dec 2023 | د.إ3.4t | د.إ653.9b | د.إ188.1b | 15.1x | 18.2x | 5.2x |
| Sat, 25 Nov 2023 | د.إ3.4t | د.إ650.0b | د.إ187.3b | 15.5x | 17.9x | 5.2x |
| Mon, 23 Oct 2023 | د.إ3.2t | د.إ629.2b | د.إ182.4b | 14.3x | 17.7x | 5.1x |
| Wed, 20 Sep 2023 | د.إ3.5t | د.إ616.4b | د.إ187.5b | 15.9x | 18.6x | 5.7x |
| Fri, 18 Aug 2023 | د.إ3.5t | د.إ616.4b | د.إ187.4b | 14.7x | 18.6x | 5.7x |
| Sun, 16 Jul 2023 | د.إ3.4t | د.إ601.8b | د.إ182.5b | 16.2x | 18.7x | 5.7x |
| Tue, 13 Jun 2023 | د.إ3.3t | د.إ664.3b | د.إ195.5b | 15.1x | 16.7x | 4.9x |
| Thu, 11 May 2023 | د.إ3.4t | د.إ655.6b | د.إ183.4b | 15.6x | 18.3x | 5.1x |
| Sat, 08 Apr 2023 | د.إ3.2t | د.إ642.3b | د.إ176.2b | 15.4x | 18.4x | 5x |
| Mon, 06 Mar 2023 | د.إ3.1t | د.إ569.4b | د.إ161.3b | 14.2x | 19x | 5.4x |
| Wed, 01 Feb 2023 | د.إ3.0t | د.إ559.3b | د.إ153.5b | 13x | 19.8x | 5.4x |
| Fri, 30 Dec 2022 | د.إ3.1t | د.إ554.4b | د.إ153.2b | 13.8x | 20.5x | 5.7x |
| Sun, 27 Nov 2022 | د.إ3.0t | د.إ545.4b | د.إ152.4b | 13.3x | 20x | 5.6x |
| Tue, 25 Oct 2022 | د.إ2.8t | د.إ513.4b | د.إ130.4b | 13.9x | 21.5x | 5.5x |
| Thu, 22 Sep 2022 | د.إ2.8t | د.إ509.2b | د.إ129.9b | 14.8x | 21.4x | 5.5x |
| Sat, 20 Aug 2022 | د.إ2.6t | د.إ508.3b | د.إ128.2b | 15.2x | 20.5x | 5.2x |
| Mon, 18 Jul 2022 | د.إ2.4t | د.إ479.8b | د.إ114.7b | 15.1x | 21x | 5x |
| Wed, 15 Jun 2022 | د.إ2.5t | د.إ478.1b | د.إ115.0b | 15.3x | 21.5x | 5.2x |
| Fri, 13 May 2022 | د.إ2.4t | د.إ440.0b | د.إ105.3b | 15.4x | 23.1x | 5.5x |
| Sun, 10 Apr 2022 | د.إ2.3t | د.إ396.1b | د.إ91.0b | 16x | 25x | 5.7x |
| Tue, 08 Mar 2022 | د.إ2.2t | د.إ375.5b | د.إ89.2b | 14.9x | 24.9x | 5.9x |
| Thu, 03 Feb 2022 | د.إ2.0t | د.إ346.1b | د.إ78.6b | 15.5x | 25.8x | 5.9x |
| Sat, 01 Jan 2022 | د.إ2.0t | د.إ342.1b | د.إ76.0b | 14.7x | 26.6x | 5.9x |
| Mon, 29 Nov 2021 | د.إ1.9t | د.إ342.0b | د.إ76.0b | 13.9x | 25.4x | 5.6x |
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 14.9x which is lower than its 3-year average PE of 19.2x.
Past Earnings Growth
- The earnings for Emirian listed companies have grown 45% per year over the last three years.
- Revenues for these companies have grown 38% 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 | -0.48% | |
| Energy | 2.58% | |
| Real Estate | 0.67% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Financials | -0.16% | |
| Utilities | -0.23% | |
| Tech | -1.04% | |
| Industrials | -1.34% | |
| Telecom | -1.45% | |
| Consumer Discretionary | -1.96% | |
| Materials | -2.30% | |
| Healthcare | -2.60% | |
| Consumer Staples | -2.92% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth even though it's trading below its 3-year average PE ratio of 40.2x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 26.8%, which is higher than its past year's earnings growth of 17.5% per year.
- The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 10.8x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 27% over the next 5 years.
- This is better than its past earnings growth rate of 18% 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.إ3.48 | 1.8% +د.إ4.6b | 6.1% | PE14.6x | Energy | |
| EMAAR Emaar Properties PJSC | د.إ9.44 | 1.9% +د.إ1.6b | 33.3% | PE7x | Real Estate | |
| SALIK Salik Company P.J.S.C | د.إ5.48 | 3.6% +د.إ1.4b | 73.4% | PE36.8x | Industrials | |
| EMIRATESNBD Emirates NBD Bank PJSC | د.إ19.50 | 1.0% +د.إ1.3b | 8.0% | PB1x | Financials | |
| DFM Dubai Financial Market P.J.S.C | د.إ1.40 | 6.1% +د.إ639.7m | -2.1% | PE26.7x | Financials |
