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Emirati (ADX) Market Analysis & Valuation

UpdatedMar 19, 2024
DataAggregated Company Financials
Companies141
  • 7D0.7%
  • 3M-0.6%
  • 1Y1.1%
  • YTD-2.0%

In the last week, the market has stayed flat, however the Consumer Staples sector stood out, gaining 5.0%. In line with that, the market has also been flat over the past year. As for the next few years, earnings are expected to grow by 2.1% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Mar 2024د.إ3.4tد.إ738.9bد.إ221.9b14.7x15.4x4.6x
Thu, 15 Feb 2024د.إ3.4tد.إ732.8bد.إ206.9b15.2x16.4x4.6x
Sat, 13 Jan 2024د.إ3.5tد.إ654.5bد.إ188.1b15.8x18.5x5.3x
Mon, 11 Dec 2023د.إ3.3tد.إ653.9bد.إ188.1b15.3x17.6x5.1x
Wed, 08 Nov 2023د.إ3.4tد.إ646.4bد.إ189.8b14.9x17.7x5.2x
Fri, 06 Oct 2023د.إ3.5tد.إ626.7bد.إ189.7b15.9x18.4x5.6x
Sun, 03 Sep 2023د.إ3.5tد.إ616.4bد.إ187.4b15.8x18.6x5.6x
Tue, 01 Aug 2023د.إ3.4tد.إ614.8bد.إ188.9b16.7x18.2x5.6x
Thu, 29 Jun 2023د.إ3.4tد.إ664.1bد.إ195.4b16.1x17.2x5.1x
Sat, 27 May 2023د.إ3.2tد.إ664.3bد.إ195.4b15.5x16.6x4.9x
Mon, 24 Apr 2023د.إ3.3tد.إ643.8bد.إ177.3b15.4x18.6x5.1x
Wed, 22 Mar 2023د.إ3.2tد.إ640.5bد.إ177.4b15x18.1x5x
Fri, 17 Feb 2023د.إ3.1tد.إ567.8bد.إ161.7b13.8x19x5.4x
Sun, 15 Jan 2023د.إ3.1tد.إ554.4bد.إ153.4b13.8x20.5x5.7x
Tue, 13 Dec 2022د.إ3.1tد.إ554.1bد.إ153.2b13.3x20.3x5.6x
Thu, 10 Nov 2022د.إ3.1tد.إ533.4bد.إ147.6b14.2x20.8x5.8x
Sat, 08 Oct 2022د.إ2.7tد.إ509.2bد.إ129.9b14.2x21.1x5.4x
Mon, 05 Sep 2022د.إ2.6tد.إ508.7bد.إ130.0b15.2x19.8x5.1x
Wed, 03 Aug 2022د.إ2.6tد.إ486.8bد.إ118.0b15.1x21.7x5.3x
Fri, 01 Jul 2022د.إ2.5tد.إ475.6bد.إ114.2b15.2x21.5x5.2x
Sun, 29 May 2022د.إ2.4tد.إ455.5bد.إ109.4b15.1x22x5.3x
Tue, 26 Apr 2022د.إ2.5tد.إ421.4bد.إ97.8b16x25.2x5.8x
Thu, 24 Mar 2022د.إ2.2tد.إ391.5bد.إ91.3b15.5x24.4x5.7x
Sat, 19 Feb 2022د.إ2.1tد.إ370.2bد.إ86.8b14.5x24.7x5.8x
Mon, 17 Jan 2022د.إ2.0tد.إ342.3bد.إ76.0b14.8x26x5.8x
Wed, 15 Dec 2021د.إ2.1tد.إ342.0bد.إ76.0b14.4x27.2x6x
Fri, 12 Nov 2021د.إ1.9tد.إ336.3bد.إ72.6b13.9x26x5.6x
Sun, 10 Oct 2021د.إ1.8tد.إ312.4bد.إ63.0b14.2x27.9x5.6x
Tue, 07 Sep 2021د.إ1.7tد.إ308.7bد.إ62.9b13.6x27.8x5.7x
Thu, 05 Aug 2021د.إ1.7tد.إ309.4bد.إ62.3b14.1x26.7x5.4x
Sun, 09 May 2021د.إ1.2tد.إ276.1bد.إ57.2b12.1x21.2x4.4x
Price to Earnings Ratio

20.4x


Total Market Cap: د.إ1.2tTotal Earnings: د.إ57.2bTotal Revenue: د.إ276.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Emirati Market Price to Earnings3Y Average 21.3x202220232024
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 15.4x which is lower than its 3-year average PE of 21.3x.
Past Earnings Growth
  • The earnings for Emirian listed companies have grown 57% 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 Market0.69%
Consumer Staples5.03%
Utilities2.65%
Telecom1.93%
Energy1.56%
Materials1.51%
Real Estate1.02%
Consumer Discretionary0.46%
Industrials0.19%
Financials-0.37%
Tech-2.45%
Healthcare-3.27%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 23.1x.
    • Analysts are expecting annual earnings growth of 19.2%, which is lower than the prior year's growth of 52.7% per year.
  • The Real Estate sector is the least preferred by investors for future growth, which is trading below its 3-year average of 13.0x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 19% over the next 5 years.
  • However this is lower than its past earnings growth rate of 53% per year.
  • In contrast, the Utilities sector is expected to see its earnings decline by 4.6% 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
TAQA Abu Dhabi National Energy Company PJSCد.إ3.263.2%
+د.إ11.2b
0.6%PE22xUtilities
EMIRATESNBD Emirates NBD Bank PJSCد.إ17.603.8%
+د.إ4.1b
38.6%PB1xFinancials
EAND Emirates Telecommunications Group Company PJSCد.إ18.302.2%
+د.إ3.5b
-21.8%PE15.4xTelecom
ADNOCDRILL ADNOC Drilling Company P.J.S.Cد.إ4.073.6%
+د.إ2.2b
10.3%PE17.2xEnergy
ALPHADHABI Alpha Dhabi Holding PJSCد.إ16.061.1%
+د.إ1.8b
-25.2%PE15.2xIndustrials
See more
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Market Insights

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Latest News

TAQA

د.إ3.26

Abu Dhabi National Energy Company PJSC

7D

3.2%

1Y

0.6%

EMAAR

د.إ8.40

Emaar Properties PJSC

7D

2.3%

1Y

57.3%

BURJEEL

د.إ2.92

Burjeel Holdings

7D

-4.3%

1Y

35.2%

ADNOCDRILL

د.إ4.07

ADNOC Drilling Company P.J.S.C

7D

3.6%

1Y

10.3%

FAB

د.إ13.22

First Abu Dhabi Bank P.J.S.C

7D

-1.2%

1Y

-2.9%

CBD

د.إ6.93

Commercial Bank of Dubai PSC

7D

-3.2%

1Y

60.0%

ADNOCLS

د.إ4.06

ADNOC Logistics & Services

7D

5.5%

1Y

n/a

NMDC

د.إ26.98

National Marine Dredging

7D

-3.6%

1Y

-18.2%

ADNOCGAS

د.إ3.20

ADNOC Gas

7D

0.6%

1Y

13.9%

EMAARDEV

د.إ8.02

Emaar Development PJSC

7D

-4.5%

1Y

50.2%

MASQ

د.إ187.00

Mashreqbank PSC

7D

-6.0%

1Y

n/a

ADCB

د.إ8.29

Abu Dhabi Commercial Bank PJSC

7D

-4.4%

1Y

6.5%