Emirates Reem Investments Company P.J.S.C's (DFM:ERC) P/S Is Still On The Mark Following 39% Share Price Bounce
Oct 12
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Emirati (ADX) Consumer Staples Sector Analysis
UpdatedOct 14, 2024
DataAggregated Company Financials
Companies9
- 7D-2.0%
- 3M0.01%
- 1Y-8.6%
- YTD-8.3%
Over the last 7 days, the Consumer Staples industry has dropped 2.0%, driven by Spinneys 1961 Holding declining 3.8%. On the other hand Emirates Reem Investments Company P.J.S.C is actually up 38%. Overall the industry is down 8.6% in 12 months. As for the next few years, earnings are expected to grow by 11% per annum.
Sector Valuation and Performance
Has the Emirati Consumer Staples Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 15 Oct 2024 | د.إ25.8b | د.إ16.5b | د.إ3.9b | 12.9x | 6.6x | 1.6x |
| Thu, 12 Sep 2024 | د.إ25.6b | د.إ16.5b | د.إ3.9b | 13.1x | 6.6x | 1.5x |
| Sat, 10 Aug 2024 | د.إ25.4b | د.إ16.4b | د.إ3.8b | 13x | 6.6x | 1.5x |
| Mon, 08 Jul 2024 | د.إ24.7b | د.إ15.9b | د.إ4.0b | 13.3x | 6.2x | 1.6x |
| Wed, 05 Jun 2024 | د.إ26.3b | د.إ16.3b | د.إ4.0b | 12.6x | 6.6x | 1.6x |
| Fri, 03 May 2024 | د.إ20.7b | د.إ13.1b | د.إ3.7b | 12.5x | 5.6x | 1.6x |
| Sun, 31 Mar 2024 | د.إ21.6b | د.إ11.8b | د.إ970.4m | 14.3x | 22.2x | 1.8x |
| Tue, 27 Feb 2024 | د.إ20.6b | د.إ11.6b | د.إ983.0m | 25x | 20.9x | 1.8x |
| Thu, 25 Jan 2024 | د.إ21.5b | د.إ12.0b | د.إ1.2b | 21.1x | 17.7x | 1.8x |
| Sat, 23 Dec 2023 | د.إ22.3b | د.إ12.0b | د.إ1.2b | 20.9x | 18.3x | 1.9x |
| Mon, 20 Nov 2023 | د.إ21.3b | د.إ12.0b | د.إ1.2b | 21x | 17.5x | 1.8x |
| Wed, 18 Oct 2023 | د.إ22.4b | د.إ11.3b | د.إ1.1b | 27x | 19.9x | 2x |
| Fri, 15 Sep 2023 | د.إ23.9b | د.إ11.2b | د.إ1.1b | 27.4x | 20.8x | 2.1x |
| Sun, 13 Aug 2023 | د.إ23.4b | د.إ11.3b | د.إ1.2b | 27.4x | 19.3x | 2.1x |
| Tue, 11 Jul 2023 | د.إ24.0b | د.إ10.2b | د.إ1.2b | 17.4x | 20.7x | 2.4x |
| Thu, 08 Jun 2023 | د.إ23.7b | د.إ10.2b | د.إ1.2b | 17.9x | 20.4x | 2.3x |
| Sat, 06 May 2023 | د.إ23.5b | د.إ10.0b | د.إ1.2b | 21.7x | 20.2x | 2.3x |
| Mon, 03 Apr 2023 | د.إ21.5b | د.إ10.0b | د.إ1.2b | 22x | 18.5x | 2.1x |
| Wed, 01 Mar 2023 | د.إ33.1b | د.إ10.0b | د.إ1.2b | 22.3x | 27.1x | 3.3x |
| Fri, 27 Jan 2023 | د.إ28.7b | د.إ9.4b | د.إ1.1b | 21.4x | 27x | 3.1x |
| Sun, 25 Dec 2022 | د.إ28.6b | د.إ9.4b | د.إ1.1b | 21.4x | 26.9x | 3.1x |
| Tue, 22 Nov 2022 | د.إ29.7b | د.إ9.3b | د.إ982.6m | 23.9x | 30.2x | 3.2x |
| Thu, 20 Oct 2022 | د.إ31.3b | د.إ6.7b | د.إ531.3m | 19x | 58.9x | 4.7x |
| Sat, 17 Sep 2022 | د.إ35.2b | د.إ6.7b | د.إ531.3m | 19.4x | 66.2x | 5.3x |
| Mon, 15 Aug 2022 | د.إ35.1b | د.إ6.7b | د.إ533.8m | 19.5x | 65.7x | 5.2x |
| Wed, 13 Jul 2022 | د.إ31.8b | د.إ9.9b | د.إ887.5m | 24x | 35.8x | 3.2x |
| Fri, 10 Jun 2022 | د.إ27.6b | د.إ5.6b | د.إ466.1m | 25.8x | 59.3x | 4.9x |
| Sun, 08 May 2022 | د.إ421.0b | د.إ33.8b | د.إ7.8b | 27.6x | 53.7x | 12.5x |
| Tue, 05 Apr 2022 | د.إ356.5b | د.إ33.7b | د.إ7.8b | 27.6x | 45.6x | 10.6x |
| Thu, 03 Mar 2022 | د.إ351.5b | د.إ25.4b | د.إ6.3b | 30.5x | 56x | 13.8x |
| Sat, 29 Jan 2022 | د.إ287.2b | د.إ25.3b | د.إ6.3b | 30.9x | 45.8x | 11.3x |
| Mon, 27 Dec 2021 | د.إ286.4b | د.إ24.6b | د.إ6.2b | 16.6x | 45.9x | 11.7x |
| Wed, 24 Nov 2021 | د.إ289.3b | د.إ25.2b | د.إ6.3b | 31.8x | 46.2x | 11.5x |
| Fri, 22 Oct 2021 | د.إ276.5b | د.إ18.6b | د.إ5.0b | 56.5x | 55.2x | 14.9x |
Price to Earnings Ratio
55.2x
Current Industry PE
- Investors are pessimistic on the Emirian Consumer Staples industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 6.6x which is lower than its 3-year average PE of 30.9x.
- The 3-year average PS ratio of 4.5x is higher than the industry's current PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Consumer Staples industry have declined 8.1% per year over the last three years,
- Revenues have also declined 3.8% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Emirati Consumer Staples sector?
| AE Market | 1.17% | |
| Consumer Staples | -2.02% | |
| Beverage | 37.50% | |
| Tobacco | 0% | |
| Household Products | 0% | |
| Personal Products | 0% | |
| Food | -2.89% | |
| Food and Staples Retail | -3.39% | |
Industry PE
- Investors are most optimistic about the Beverage industry which is trading above its 3-year average PE ratio of 140x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Food and Staples Retail industry, which is trading below its 3-year average of 35.5x.
Forecasted Growth
- Analysts are most optimistic on the Food industry, expecting annual earnings growth of 15% over the next 5 years.
- In contrast, the Food and Staples Retail industry is expected to see its earnings grow by 5.7% 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 | |
|---|---|---|---|---|---|
| ERC Emirates Reem Investments Company P.J.S.C | د.إ3.35 | 37.9% +د.إ294.3m | -1.5% | PE297.2x | |
| FNF Foodco National Foodstuff PJSC | د.إ1.13 | 7.6% +د.إ22.4m | -35.1% | PS6.4x |
