Potential Upside For Aldar Properties PJSC (ADX:ALDAR) Not Without Risk
Jul 25
Emirati (ADX) Market Analysis & Valuation
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies145
- 7D0.7%
- 3M1.9%
- 1Y-5.0%
- YTD-4.4%
In the last week, the market has stayed flat, however the Communication Services sector stood out, gaining 4.4%. Unfortunately though, the market is down 5.0% over the past year. 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | د.إ3.4t | د.إ792.2b | د.إ218.5b | 13.2x | 15.5x | 4.3x |
| Sun, 23 Jun 2024 | د.إ3.3t | د.إ781.8b | د.إ214.8b | 13.1x | 15.3x | 4.2x |
| Tue, 21 May 2024 | د.إ3.3t | د.إ781.7b | د.إ214.7b | 13.4x | 15.4x | 4.2x |
| Thu, 18 Apr 2024 | د.إ3.4t | د.إ752.3b | د.إ222.0b | 14.1x | 15.2x | 4.5x |
| Sat, 16 Mar 2024 | د.إ3.4t | د.إ738.9b | د.إ221.9b | 14.7x | 15.4x | 4.6x |
| Mon, 12 Feb 2024 | د.إ3.4t | د.إ660.7b | د.إ188.0b | 15.6x | 17.9x | 5.1x |
| Wed, 10 Jan 2024 | د.إ3.5t | د.إ653.9b | د.إ188.1b | 15.6x | 18.5x | 5.3x |
| Fri, 08 Dec 2023 | د.إ3.3t | د.إ651.1b | د.إ187.6b | 15.1x | 17.8x | 5.1x |
| Sun, 05 Nov 2023 | د.إ3.3t | د.إ646.2b | د.إ189.8b | 14.9x | 17.6x | 5.2x |
| Tue, 03 Oct 2023 | د.إ3.5t | د.إ626.9b | د.إ189.7b | 16.2x | 18.4x | 5.6x |
| Thu, 31 Aug 2023 | د.إ3.5t | د.إ616.6b | د.إ187.4b | 15.9x | 18.5x | 5.6x |
| Sat, 29 Jul 2023 | د.إ3.4t | د.إ610.6b | د.إ187.8b | 16.4x | 18.3x | 5.6x |
| Mon, 26 Jun 2023 | د.إ3.3t | د.إ664.1b | د.إ195.4b | 15.6x | 17.1x | 5x |
| Wed, 24 May 2023 | د.إ3.3t | د.إ664.0b | د.إ195.2b | 15.5x | 16.7x | 4.9x |
| Fri, 21 Apr 2023 | د.إ3.3t | د.إ643.3b | د.إ177.3b | 15.4x | 18.7x | 5.1x |
| Sun, 19 Mar 2023 | د.إ3.1t | د.إ589.2b | د.إ162.5b | 15x | 19.2x | 5.3x |
| Tue, 14 Feb 2023 | د.إ3.1t | د.إ567.5b | د.إ162.1b | 14x | 18.9x | 5.4x |
| Thu, 12 Jan 2023 | د.إ3.1t | د.إ554.4b | د.إ153.4b | 13.8x | 20.4x | 5.6x |
| Sat, 10 Dec 2022 | د.إ3.1t | د.إ545.6b | د.إ152.3b | 13.3x | 20.7x | 5.8x |
| Mon, 07 Nov 2022 | د.إ3.0t | د.إ529.0b | د.إ143.4b | 14x | 21.1x | 5.7x |
| Wed, 05 Oct 2022 | د.إ2.8t | د.إ509.2b | د.إ129.9b | 14.1x | 21.2x | 5.4x |
| Fri, 02 Sep 2022 | د.إ2.6t | د.إ508.3b | د.إ130.3b | 15.1x | 19.7x | 5.1x |
| Sun, 31 Jul 2022 | د.إ2.5t | د.إ482.8b | د.إ117.0b | 15.1x | 21.5x | 5.2x |
| Tue, 28 Jun 2022 | د.إ2.4t | د.إ475.6b | د.إ114.2b | 15.3x | 21.2x | 5.1x |
| Thu, 26 May 2022 | د.إ2.4t | د.إ455.4b | د.إ109.4b | 15.1x | 21.7x | 5.2x |
| Sat, 23 Apr 2022 | د.إ2.5t | د.إ421.4b | د.إ97.8b | 16.1x | 25.4x | 5.9x |
| Mon, 21 Mar 2022 | د.إ2.2t | د.إ391.7b | د.إ91.3b | 15.3x | 24.3x | 5.7x |
| Wed, 16 Feb 2022 | د.إ2.1t | د.إ368.3b | د.إ86.0b | 14.9x | 24.8x | 5.8x |
| Fri, 14 Jan 2022 | د.إ2.0t | د.إ342.4b | د.إ76.0b | 14.8x | 26x | 5.8x |
| Sun, 12 Dec 2021 | د.إ2.1t | د.إ342.0b | د.إ76.0b | 14.3x | 27.3x | 6.1x |
| Tue, 09 Nov 2021 | د.إ1.9t | د.إ332.9b | د.إ71.5b | 14.3x | 25.9x | 5.6x |
| Thu, 07 Oct 2021 | د.إ1.7t | د.إ312.4b | د.إ63.1b | 14.1x | 27.7x | 5.6x |
| Sat, 04 Sep 2021 | د.إ1.7t | د.إ309.9b | د.إ62.8b | 14.2x | 27.8x | 5.6x |
| Mon, 02 Aug 2021 | د.إ1.7t | د.إ309.4b | د.إ62.3b | 13.7x | 26.7x | 5.4x |
Price to Earnings Ratio
26.7x
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 15.5x which is lower than its 3-year average PE of 20.5x.
Past Earnings Growth
- The earnings for Emirian listed companies have grown 52% per year over the last three years.
- Revenues for these companies have grown 37% 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 | 0.69% | |
| Telecom | 4.35% | |
| Real Estate | 2.22% | |
| Consumer Staples | 1.72% | |
| Utilities | 1.10% | |
| Materials | 0.95% | |
| Industrials | 0.76% | |
| Financials | 0.34% | |
| Consumer Discretionary | -0.57% | |
| Energy | -0.87% | |
| Healthcare | -2.71% | |
| Tech | -3.91% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 31.5x.
- Analysts are expecting annual earnings growth of 31.8%, which is lower than the prior year's growth of 50.9% per year.
- The Consumer Staples sector is the least preferred by investors for future growth, which is trading below its 3-year average of 34.4x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 32% over the next 5 years.
- However this is lower than its past earnings growth rate of 51% per year.
- In contrast, the Financials 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 | |
|---|---|---|---|---|---|---|
| EAND Emirates Telecommunications Group Company PJSC | د.إ17.26 | 6.0% +د.إ8.5b | -22.9% | PE14.4x | Telecom | |
| EMIRATESNBD Emirates NBD Bank PJSC | د.إ18.45 | 5.1% +د.إ5.7b | 11.1% | PB1x | Financials | |
| ALPHADHABI Alpha Dhabi Holding PJSC | د.إ11.84 | 3.9% +د.إ4.4b | -40.6% | PE16x | Industrials | |
| IHC International Holding Company PJSC | د.إ415.00 | 0.5% +د.إ4.4b | 5.0% | PE30.7x | Industrials | |
| EMAAR Emaar Properties PJSC | د.إ8.73 | 4.6% +د.إ3.4b | 29.9% | PE6.8x | Real Estate |
