Alpha Dhabi Holding PJSC (ADX:ALPHADHABI) May Have Issues Allocating Its Capital
May 15
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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 31 May 2023 | د.إ3.2t | د.إ664.3b | د.إ195.4b | 15.8x | 16.6x | 4.9x |
| Fri, 28 Apr 2023 | د.إ3.4t | د.إ643.2b | د.إ176.8b | 15.6x | 19x | 5.2x |
| Sun, 26 Mar 2023 | د.إ3.2t | د.إ641.0b | د.إ177.3b | 15x | 18.2x | 5x |
| Tue, 21 Feb 2023 | د.إ3.1t | د.إ563.0b | د.إ161.2b | 13.7x | 19.1x | 5.5x |
| Thu, 19 Jan 2023 | د.إ3.1t | د.إ554.4b | د.إ153.4b | 14.1x | 20.5x | 5.7x |
| Sat, 17 Dec 2022 | د.إ3.2t | د.إ554.4b | د.إ153.2b | 13.4x | 20.6x | 5.7x |
| Mon, 14 Nov 2022 | د.إ3.1t | د.إ539.4b | د.إ149.2b | 13.4x | 20.5x | 5.7x |
| Wed, 12 Oct 2022 | د.إ2.7t | د.إ509.3b | د.إ129.9b | 14x | 21x | 5.4x |
| Fri, 09 Sep 2022 | د.إ2.6t | د.إ509.2b | د.إ129.9b | 15.2x | 19.9x | 5.1x |
| Sun, 07 Aug 2022 | د.إ2.6t | د.إ497.1b | د.إ123.0b | 14.6x | 20.9x | 5.2x |
| Tue, 05 Jul 2022 | د.إ2.4t | د.إ475.7b | د.إ114.2b | 15.4x | 21.3x | 5.1x |
| Thu, 02 Jun 2022 | د.إ2.4t | د.إ455.5b | د.إ109.5b | 15.5x | 22.3x | 5.4x |
| Sat, 30 Apr 2022 | د.إ2.5t | د.إ426.2b | د.إ102.0b | 16x | 24.3x | 5.8x |
| Mon, 28 Mar 2022 | د.إ2.2t | د.إ393.7b | د.إ90.7b | 15.3x | 24.6x | 5.7x |
| Wed, 23 Feb 2022 | د.إ2.1t | د.إ370.5b | د.إ86.8b | 13.5x | 24.6x | 5.8x |
| Fri, 21 Jan 2022 | د.إ2.0t | د.إ342.3b | د.إ76.0b | 14.8x | 26.4x | 5.9x |
| Sun, 19 Dec 2021 | د.إ2.1t | د.إ342.0b | د.إ76.0b | 14.3x | 27.2x | 6x |
| Tue, 16 Nov 2021 | د.إ1.9t | د.إ339.1b | د.إ73.8b | 13.4x | 25.6x | 5.6x |
| Thu, 14 Oct 2021 | د.إ1.8t | د.إ312.4b | د.إ63.1b | 14.4x | 28.3x | 5.7x |
| Sat, 11 Sep 2021 | د.إ1.8t | د.إ308.7b | د.إ62.9b | 13.5x | 27.9x | 5.7x |
| Mon, 09 Aug 2021 | د.إ1.7t | د.إ309.4b | د.إ62.3b | 13.7x | 27.2x | 5.5x |
| Sun, 02 May 2021 | د.إ1.2t | د.إ276.1b | د.إ57.2b | 12.1x | 21.2x | 4.4x |
| Wed, 03 Feb 2021 | د.إ1.1t | د.إ262.8b | د.إ50.5b | 14.1x | 22.3x | 4.3x |
| Sat, 07 Nov 2020 | د.إ978.5b | د.إ259.7b | د.إ55.5b | 12x | 17.6x | 3.8x |
| Fri, 31 Jul 2020 | د.إ905.6b | د.إ260.9b | د.إ62.5b | 11.4x | 14.5x | 3.5x |
Price to Earnings Ratio
11.5x
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% | |
| Telecom | 1.24% | |
| Healthcare | 0.85% | |
| Consumer Staples | 0.74% | |
| 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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| EAND Emirates Telecommunications Group Company PJSC | د.إ23.72 | 3.2% +د.إ6.4b | -21.8% | PE21.1x | Telecom | |
| MULTIPLY Multiply Group PJSC | د.إ3.48 | 7.1% +د.إ2.6b | 85.1% | PE2.2x | Industrials | |
| EMAAR Emaar Properties PJSC | د.إ5.99 | 2.9% +د.إ1.5b | 4.9% | PE6.8x | Real Estate | |
| MASQ Mashreqbank PSC | د.إ125.00 | 3.3% +د.إ802.4m | 63.4% | PB1.1x | Financials | |
| ALDAR Aldar Properties PJSC | د.إ5.22 | 2.0% +د.إ786.3m | -1.3% | PE14.2x | Real Estate |
Market Insights
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