Header cover image

Emirati (ADX) Market Analysis & Valuation

UpdatedMay 30, 2023
DataAggregated Company Financials
Companies138
  • 7D-1.2%
  • 3M-3.8%
  • 1Y8.3%
  • YTD-5.8%

Over the last 7 days, the market has dropped 1.2%, driven by pullbacks in the Energy and Financials sectors of 4.3% and 2.3%, respectively. In the last year, the market is actually up 8.3%. Looking forward, earnings are forecast to grow by 4.5% annually.

Market Valuation and Performance

Has the Emirati Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 31 May 2023د.إ3.2tد.إ664.3bد.إ195.4b15.8x16.6x4.9x
Fri, 28 Apr 2023د.إ3.4tد.إ643.2bد.إ176.8b15.6x19x5.2x
Sun, 26 Mar 2023د.إ3.2tد.إ641.0bد.إ177.3b15x18.2x5x
Tue, 21 Feb 2023د.إ3.1tد.إ563.0bد.إ161.2b13.7x19.1x5.5x
Thu, 19 Jan 2023د.إ3.1tد.إ554.4bد.إ153.4b14.1x20.5x5.7x
Sat, 17 Dec 2022د.إ3.2tد.إ554.4bد.إ153.2b13.4x20.6x5.7x
Mon, 14 Nov 2022د.إ3.1tد.إ539.4bد.إ149.2b13.4x20.5x5.7x
Wed, 12 Oct 2022د.إ2.7tد.إ509.3bد.إ129.9b14x21x5.4x
Fri, 09 Sep 2022د.إ2.6tد.إ509.2bد.إ129.9b15.2x19.9x5.1x
Sun, 07 Aug 2022د.إ2.6tد.إ497.1bد.إ123.0b14.6x20.9x5.2x
Tue, 05 Jul 2022د.إ2.4tد.إ475.7bد.إ114.2b15.4x21.3x5.1x
Thu, 02 Jun 2022د.إ2.4tد.إ455.5bد.إ109.5b15.5x22.3x5.4x
Sat, 30 Apr 2022د.إ2.5tد.إ426.2bد.إ102.0b16x24.3x5.8x
Mon, 28 Mar 2022د.إ2.2tد.إ393.7bد.إ90.7b15.3x24.6x5.7x
Wed, 23 Feb 2022د.إ2.1tد.إ370.5bد.إ86.8b13.5x24.6x5.8x
Fri, 21 Jan 2022د.إ2.0tد.إ342.3bد.إ76.0b14.8x26.4x5.9x
Sun, 19 Dec 2021د.إ2.1tد.إ342.0bد.إ76.0b14.3x27.2x6x
Tue, 16 Nov 2021د.إ1.9tد.إ339.1bد.إ73.8b13.4x25.6x5.6x
Thu, 14 Oct 2021د.إ1.8tد.إ312.4bد.إ63.1b14.4x28.3x5.7x
Sat, 11 Sep 2021د.إ1.8tد.إ308.7bد.إ62.9b13.5x27.9x5.7x
Mon, 09 Aug 2021د.إ1.7tد.إ309.4bد.إ62.3b13.7x27.2x5.5x
Sun, 02 May 2021د.إ1.2tد.إ276.1bد.إ57.2b12.1x21.2x4.4x
Wed, 03 Feb 2021د.إ1.1tد.إ262.8bد.إ50.5b14.1x22.3x4.3x
Sat, 07 Nov 2020د.إ978.5bد.إ259.7bد.إ55.5b12x17.6x3.8x
Fri, 31 Jul 2020د.إ905.6bد.إ260.9bد.إ62.5b11.4x14.5x3.5x
Price to Earnings Ratio

11.5x


Total Market Cap: د.إ726.5bTotal Earnings: د.إ62.9bTotal Revenue: د.إ285.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Emirati Market Price to Earnings3Y Average 21.4x202120222023
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 16.6x which is lower than its 3-year average PE of 21.1x.
Past Earnings Growth
  • The earnings for Emirian listed companies have grown 46% 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-1.24%
Telecom1.24%
Healthcare0.85%
Consumer Staples0.74%
Materials-0.49%
Industrials-0.54%
Utilities-0.77%
Tech-0.89%
Real Estate-1.54%
Financials-2.28%
Energy-4.28%
Consumer Discretionary-4.41%
Sector PE
    • The Real Estate sector is the least preferred by investors for future growth, which is trading below its 3-year average of 13.9x.
    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 decline of 11% per year.
    • In contrast, the Utilities sector is expected to see its earnings decline by 4.0% per year over the next few years.

    Top Stock Gainers and Losers

    Which companies have driven the market over the last 7 days?

    CompanyLast Price7D1YValuationSector
    EAND Emirates Telecommunications Group Company PJSCد.إ23.723.2%
    +د.إ6.4b
    -21.8%PE21.1xTelecom
    MULTIPLY Multiply Group PJSCد.إ3.487.1%
    +د.إ2.6b
    85.1%PE2.2xIndustrials
    EMAAR Emaar Properties PJSCد.إ5.992.9%
    +د.إ1.5b
    4.9%PE6.8xReal Estate
    MASQ Mashreqbank PSCد.إ125.003.3%
    +د.إ802.4m
    63.4%PB1.1xFinancials
    ALDAR Aldar Properties PJSCد.إ5.222.0%
    +د.إ786.3m
    -1.3%PE14.2xReal Estate
    See more
    Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

    Market Insights

    The best luxury goods are typically “better quality” than their cheaper counterparts in the sense that they are more durable...

    Continue reading

    Latest News

    ALDAR

    د.إ5.22

    Aldar Properties PJSC

    7D

    2.0%

    1Y

    -1.3%

    AJMANBANK

    د.إ2.15

    Ajman Bank PJSC

    7D

    16.2%

    1Y

    189.7%

    TAQA

    د.إ3.10

    Abu Dhabi National Energy Company PJSC

    7D

    -0.3%

    1Y

    144.1%

    MASQ

    د.إ125.00

    Mashreqbank PSC

    7D

    3.3%

    1Y

    63.4%

    GULFNAV

    د.إ4.39

    Gulf Navigation Holding PJSC

    7D

    29.9%

    1Y

    734.6%

    ADNOCDIST

    د.إ4.02

    Abu Dhabi National Oil Company for Distribution PJSC

    7D

    -2.4%

    1Y

    -4.1%

    ADNOCDRILL

    د.إ3.70

    ADNOC Drilling Company P.J.S.C

    7D

    -2.6%

    1Y

    14.6%

    EMAAR

    د.إ5.99

    Emaar Properties PJSC

    7D

    2.9%

    1Y

    4.9%

    ADNOCGAS

    د.إ3.09

    ADNOC Gas

    7D

    -2.2%

    1Y

    n/a

    AMR

    د.إ3.90

    Americana Restaurants International

    7D

    1.8%

    1Y

    n/a

    EAND

    د.إ23.72

    Emirates Telecommunications Group Company PJSC

    7D

    3.2%

    1Y

    -21.8%

    MULTIPLY

    د.إ3.48

    Multiply Group PJSC

    7D

    7.1%

    1Y

    85.1%

    BOROUGE

    د.إ2.59

    Borouge

    7D

    -1.9%

    1Y

    n/a

    ADIB

    د.إ10.46

    Abu Dhabi Islamic Bank PJSC

    7D

    -2.2%

    1Y

    25.4%