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Emirati (ADX) Market Analysis & Valuation
UpdatedJan 10, 2025
DataAggregated Company Financials
Companies149
- 7D0.8%
- 3M5.0%
- 1Y0.9%
- YTD0.8%
In the last week, the market has stayed flat, however the Information Technology sector stood out, gaining 6.0%. As for the longer term, the market has also been flat over the past year. Looking forward, earnings are forecast to grow by 5.4% 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 |
|---|---|---|---|---|---|---|
| Sat, 11 Jan 2025 | د.إ3.7t | د.إ928.2b | د.إ235.9b | 13.4x | 15.7x | 4x |
| Mon, 09 Dec 2024 | د.إ3.5t | د.إ923.4b | د.إ232.9b | 13x | 15x | 3.8x |
| Wed, 06 Nov 2024 | د.إ3.5t | د.إ879.2b | د.إ235.4b | 13.1x | 14.8x | 4x |
| Fri, 04 Oct 2024 | د.إ3.4t | د.إ847.9b | د.إ228.6b | 13.6x | 15x | 4x |
| Sun, 01 Sep 2024 | د.إ3.4t | د.إ834.2b | د.إ228.7b | 13.6x | 14.7x | 4x |
| Tue, 30 Jul 2024 | د.إ3.4t | د.إ796.7b | د.إ217.8b | 13.4x | 15.7x | 4.3x |
| Thu, 27 Jun 2024 | د.إ3.3t | د.إ786.9b | د.إ216.2b | 13.1x | 15.2x | 4.2x |
| Sat, 25 May 2024 | د.إ3.2t | د.إ781.5b | د.إ214.9b | 13.1x | 14.9x | 4.1x |
| Mon, 22 Apr 2024 | د.إ3.3t | د.إ752.4b | د.إ222.1b | 14.1x | 15.1x | 4.5x |
| Wed, 20 Mar 2024 | د.إ3.4t | د.إ738.7b | د.إ222.0b | 14.9x | 15.5x | 4.6x |
| Fri, 16 Feb 2024 | د.إ3.4t | د.إ736.2b | د.إ206.5b | 15.2x | 16.4x | 4.6x |
| Sun, 14 Jan 2024 | د.إ3.5t | د.إ654.5b | د.إ188.1b | 15.8x | 18.5x | 5.3x |
| Tue, 12 Dec 2023 | د.إ3.3t | د.إ653.9b | د.إ188.1b | 15x | 17.6x | 5.1x |
| Thu, 09 Nov 2023 | د.إ3.3t | د.إ643.6b | د.إ189.0b | 15x | 17.7x | 5.2x |
| Sat, 07 Oct 2023 | د.إ3.5t | د.إ626.7b | د.إ189.7b | 16.2x | 18.2x | 5.5x |
| Mon, 04 Sep 2023 | د.إ3.5t | د.إ616.4b | د.إ187.4b | 15.8x | 18.6x | 5.6x |
| Wed, 02 Aug 2023 | د.إ3.4t | د.إ615.3b | د.إ189.4b | 16.3x | 18.2x | 5.6x |
| Fri, 30 Jun 2023 | د.إ3.4t | د.إ664.1b | د.إ195.4b | 16.1x | 17.2x | 5.1x |
| Sun, 28 May 2023 | د.إ3.2t | د.إ664.3b | د.إ195.4b | 15.5x | 16.6x | 4.9x |
| Tue, 25 Apr 2023 | د.إ3.3t | د.إ643.8b | د.إ177.3b | 15.4x | 18.7x | 5.2x |
| Thu, 23 Mar 2023 | د.إ3.2t | د.إ641.9b | د.إ177.4b | 15x | 18.3x | 5x |
| Sat, 18 Feb 2023 | د.إ3.1t | د.إ566.1b | د.إ161.7b | 13.8x | 19x | 5.4x |
| Mon, 16 Jan 2023 | د.إ3.1t | د.إ554.4b | د.إ153.4b | 13.8x | 20.5x | 5.7x |
| Wed, 14 Dec 2022 | د.إ3.1t | د.إ554.1b | د.إ153.2b | 13.4x | 20.2x | 5.6x |
| Fri, 11 Nov 2022 | د.إ3.1t | د.إ533.4b | د.إ147.6b | 14.2x | 20.8x | 5.8x |
| Sun, 09 Oct 2022 | د.إ2.8t | د.إ509.3b | د.إ129.9b | 14.2x | 21.2x | 5.4x |
| Tue, 06 Sep 2022 | د.إ2.6t | د.إ508.7b | د.إ130.0b | 15.1x | 19.7x | 5x |
| Thu, 04 Aug 2022 | د.إ2.6t | د.إ494.3b | د.إ122.4b | 14.9x | 20.8x | 5.2x |
| Sat, 02 Jul 2022 | د.إ2.4t | د.إ475.6b | د.إ114.2b | 15.3x | 21.4x | 5.1x |
| Mon, 30 May 2022 | د.إ2.4t | د.إ455.5b | د.إ109.4b | 15.1x | 22x | 5.3x |
| Wed, 27 Apr 2022 | د.إ2.5t | د.إ422.0b | د.إ98.3b | 16x | 25.1x | 5.8x |
| Fri, 25 Mar 2022 | د.إ2.2t | د.إ391.5b | د.إ91.3b | 15.5x | 24.4x | 5.7x |
| Sun, 20 Feb 2022 | د.إ2.1t | د.إ370.5b | د.إ86.8b | 14.6x | 24.7x | 5.8x |
| Tue, 18 Jan 2022 | د.إ2.0t | د.إ342.3b | د.إ76.0b | 14.6x | 25.9x | 5.8x |
Price to Earnings Ratio
25.9x
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 15.7x which is lower than its 3-year average PE of 18.7x.
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 39% 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 | 0.83% | |
| Tech | 5.97% | |
| Healthcare | 5.95% | |
| Consumer Discretionary | 3.32% | |
| Materials | 2.83% | |
| Financials | 2.81% | |
| Telecom | 1.38% | |
| Energy | 1.04% | |
| Real Estate | 0.85% | |
| Consumer Staples | 0.62% | |
| Industrials | 0.19% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Utilities | -2.77% | |
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 43.9x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 32.5%, 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 10.4x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 33% 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 | |
|---|---|---|---|---|---|---|
| FAB First Abu Dhabi Bank P.J.S.C | د.إ14.50 | 8.2% +د.إ12.1b | -5.5% | PB1.2x | Financials | |
| EMIRATESNBD Emirates NBD Bank PJSC | د.إ21.55 | 5.1% +د.إ6.6b | 23.5% | PB1.1x | Financials | |
| ADCB Abu Dhabi Commercial Bank PJSC | د.إ10.86 | 6.9% +د.إ5.1b | 19.5% | PB1.1x | Financials | |
| TALABAT Talabat Holding | د.إ1.63 | 14.8% +د.إ4.9b | n/a | n/a | Consumer Discretionary | |
| ADIB Abu Dhabi Islamic Bank PJSC | د.إ14.98 | 9.7% +د.إ4.8b | 39.7% | PB2.1x | Financials |
