ADNOC Gas plc (ADX:ADNOCGAS) Investors Are Less Pessimistic Than Expected
Dec 19
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Emirati (ADX) Energy Sector Analysis
UpdatedDec 26, 2024
DataAggregated Company Financials
Companies5
- 7D-0.2%
- 3M7.5%
- 1Y21.8%
- YTD16.9%
The Energy industry is up 1.3% in the last week, with ADNOC Gas up 3.6%. In the same time, ADNOC Drilling Company P.J.S.C was down 5.0%. In the last 12 months, the industry was up 22%. As for the next few years, earnings are expected to grow by 3.3% per annum.
Sector Valuation and Performance
Has the Emirati Energy Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 26 Dec 2024 | د.إ413.4b | د.إ111.0b | د.إ27.3b | 14.7x | 15.1x | 3.7x |
| Sat, 23 Nov 2024 | د.إ409.8b | د.إ111.0b | د.إ27.3b | 14.4x | 15x | 3.7x |
| Mon, 21 Oct 2024 | د.إ389.3b | د.إ96.2b | د.إ25.2b | 15x | 15.5x | 4x |
| Wed, 18 Sep 2024 | د.إ356.7b | د.إ96.2b | د.إ25.2b | 14.3x | 14.2x | 3.7x |
| Fri, 16 Aug 2024 | د.إ361.6b | د.إ96.2b | د.إ25.2b | 13.9x | 14.4x | 3.8x |
| Sun, 14 Jul 2024 | د.إ344.7b | د.إ91.5b | د.إ24.0b | 13.4x | 14.4x | 3.8x |
| Tue, 11 Jun 2024 | د.إ331.3b | د.إ86.4b | د.إ22.7b | 13.6x | 14.6x | 3.8x |
| Thu, 09 May 2024 | د.إ325.5b | د.إ83.2b | د.إ22.7b | 13.6x | 14.4x | 3.9x |
| Sat, 06 Apr 2024 | د.إ338.4b | د.إ83.2b | د.إ22.7b | 14x | 14.9x | 4.1x |
| Mon, 04 Mar 2024 | د.إ335.2b | د.إ88.3b | د.إ23.9b | 13.3x | 14x | 3.8x |
| Wed, 31 Jan 2024 | د.إ341.6b | د.إ21.5b | د.إ6.0b | 14.9x | 57.2x | 15.9x |
| Fri, 29 Dec 2023 | د.إ329.0b | د.إ21.5b | د.إ6.0b | 14.1x | 55x | 15.3x |
| Sun, 26 Nov 2023 | د.إ347.8b | د.إ21.5b | د.إ6.0b | 14.2x | 58.2x | 16.2x |
| Tue, 24 Oct 2023 | د.إ327.3b | د.إ20.6b | د.إ5.6b | 14x | 58.7x | 15.9x |
| Thu, 21 Sep 2023 | د.إ361.7b | د.إ11.7b | د.إ3.8b | 15.2x | 96.3x | 31x |
| Sat, 19 Aug 2023 | د.إ377.5b | د.إ11.7b | د.إ3.8b | 16x | 100.5x | 32.3x |
| Mon, 17 Jul 2023 | د.إ351.2b | د.إ11.6b | د.إ3.8b | 14.3x | 93.4x | 30.3x |
| Wed, 14 Jun 2023 | د.إ323.9b | د.إ74.2b | د.إ17.0b | 17.9x | 19.1x | 4.4x |
| Fri, 12 May 2023 | د.إ329.5b | د.إ73.8b | د.إ16.8b | 19.9x | 19.6x | 4.5x |
| Sun, 09 Apr 2023 | د.إ297.7b | د.إ73.8b | د.إ16.8b | 17.5x | 17.7x | 4x |
| Tue, 07 Mar 2023 | د.إ62.8b | د.إ11.2b | د.إ3.7b | 13.6x | 17.1x | 5.6x |
| Thu, 02 Feb 2023 | د.إ60.7b | د.إ10.6b | د.إ3.3b | 14.6x | 18.1x | 5.7x |
| Sat, 31 Dec 2022 | د.إ54.1b | د.إ10.6b | د.إ3.3b | 13.5x | 16.2x | 5.1x |
| Mon, 28 Nov 2022 | د.إ59.2b | د.إ10.6b | د.إ3.3b | 14.5x | 17.7x | 5.6x |
| Wed, 26 Oct 2022 | د.إ60.8b | د.إ10.2b | د.إ3.8b | 13.1x | 15.8x | 6x |
| Fri, 23 Sep 2022 | د.إ64.1b | د.إ10.2b | د.إ3.8b | 13.9x | 16.7x | 6.3x |
| Sun, 21 Aug 2022 | د.إ64.7b | د.إ10.2b | د.إ3.8b | 13.9x | 16.8x | 6.4x |
| Tue, 19 Jul 2022 | د.إ59.4b | د.إ9.9b | د.إ3.7b | 13.4x | 16x | 6x |
| Thu, 16 Jun 2022 | د.إ62.4b | د.إ9.9b | د.إ3.7b | 14.1x | 16.8x | 6.3x |
| Sat, 14 May 2022 | د.إ61.9b | د.إ9.8b | د.إ3.6b | 14.1x | 17.1x | 6.3x |
| Mon, 11 Apr 2022 | د.إ66.1b | د.إ9.5b | د.إ3.4b | 16.6x | 19.6x | 7x |
| Wed, 09 Mar 2022 | د.إ68.5b | د.إ9.0b | د.إ4.7b | 15x | 14.4x | 7.6x |
| Fri, 04 Feb 2022 | د.إ64.1b | د.إ9.0b | د.إ4.8b | 14.2x | 13.5x | 7.1x |
| Sun, 02 Jan 2022 | د.إ61.8b | د.إ9.0b | د.إ4.8b | 13.7x | 13x | 6.8x |
Price to Earnings Ratio
13x
Current Industry PE
- Investors are pessimistic on the Emirian Energy 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 15.1x which is lower than its 3-year average PE of 28.2x.
- The 3-year average PS ratio of 8.7x is higher than the industry's current PS ratio of 3.7x.
Past Earnings Growth
- The earnings for companies in the Energy industry have grown 79% per year over the last three years.
- Revenues for these companies have grown 131% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Emirati Energy sector?
| AE Market | 1.28% | |
| Energy | -0.18% | |
| Oil and Gas | 0.69% | |
| Energy Services | -2.85% | |
Industry PE
- Investors are most optimistic about the Energy Services industry even though it's trading below its 3-year average PE ratio of 20.0x.
- Analysts are expecting annual earnings growth of 8.5%, which is lower than the prior year's growth of 61.2% per year.
- Investors are most pessimistic about the Oil and Gas industry, which is trading below its 3-year average of 63.3x.
Forecasted Growth
- Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 8.5% over the next 5 years.
- However this is lower than its past earnings growth rate of 61% per year.
- In contrast, the Oil and Gas 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 | |
|---|---|---|---|---|---|
| ADNOCGAS ADNOC Gas | د.إ3.50 | 0.6% +د.إ1.5b | 14.0% | PE14.7x | |
| ADNOCLS ADNOC Logistics & Services | د.إ5.47 | 1.9% +د.إ739.8m | 47.8% | PE14.9x |
