Earnings Not Telling The Story For Amlak Finance PJSC (DFM:AMLAK)
Nov 18
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Emirati (ADX) Financials Sector Analysis
UpdatedNov 18, 2025
DataAggregated Company Financials
Companies52
- 7D-3.0%
- 3M-4.1%
- 1Y29.4%
- YTD24.9%
Over the last 7 days, the Financials industry has dropped 1.7%, driven by a pullback from Emirates NBD Bank PJSC of 7.7%. Meanwhile, SHUAA Capital PSC actually outperformed within the industry, gaining 14% in the last week. In the past year, the industry has gained 30%. As for the next few years, earnings are expected to grow by 4.8% per annum.
Sector Valuation and Performance
Has the Emirati Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 19 Nov 2025 | د.إ780.4b | د.إ191.0b | د.إ88.7b | 8.8x | 8.8x | 4.1x |
| Fri, 17 Oct 2025 | د.إ797.4b | د.إ187.6b | د.إ85.0b | 9.6x | 9.4x | 4.3x |
| Sun, 14 Sep 2025 | د.إ783.7b | د.إ187.5b | د.إ85.0b | 9.2x | 9.2x | 4.2x |
| Tue, 12 Aug 2025 | د.إ884.1b | د.إ193.3b | د.إ87.6b | 9.8x | 10.1x | 4.6x |
| Thu, 10 Jul 2025 | د.إ826.2b | د.إ186.9b | د.إ85.6b | 9.6x | 9.7x | 4.4x |
| Sat, 07 Jun 2025 | د.إ810.5b | د.إ186.9b | د.إ85.7b | 9.9x | 9.5x | 4.3x |
| Mon, 05 May 2025 | د.إ891.2b | د.إ186.8b | د.إ85.5b | 9.7x | 10.4x | 4.8x |
| Wed, 02 Apr 2025 | د.إ729.1b | د.إ182.2b | د.إ84.0b | 9.8x | 8.7x | 4x |
| Fri, 28 Feb 2025 | د.إ773.6b | د.إ181.1b | د.إ83.8b | 9.9x | 9.2x | 4.3x |
| Sun, 26 Jan 2025 | د.إ728.1b | د.إ176.1b | د.إ82.7b | 10.3x | 8.8x | 4.1x |
| Tue, 24 Dec 2024 | د.إ687.4b | د.إ175.7b | د.إ82.3b | 10x | 8.4x | 3.9x |
| Thu, 21 Nov 2024 | د.إ630.6b | د.إ171.0b | د.إ79.4b | 9.4x | 7.9x | 3.7x |
| Sat, 19 Oct 2024 | د.إ646.3b | د.إ169.8b | د.إ81.6b | 9.4x | 7.9x | 3.8x |
| Mon, 16 Sep 2024 | د.إ647.6b | د.إ169.4b | د.إ80.7b | 10.1x | 8x | 3.8x |
| Wed, 14 Aug 2024 | د.إ632.4b | د.إ169.7b | د.إ81.1b | 9.3x | 7.8x | 3.7x |
| Fri, 12 Jul 2024 | د.إ601.6b | د.إ161.7b | د.إ78.9b | 8.7x | 7.6x | 3.7x |
| Sun, 09 Jun 2024 | د.إ584.1b | د.إ160.7b | د.إ78.8b | 8.2x | 7.4x | 3.6x |
| Tue, 07 May 2024 | د.إ603.0b | د.إ159.4b | د.إ78.7b | 9.5x | 7.7x | 3.8x |
| Thu, 04 Apr 2024 | د.إ613.8b | د.إ154.8b | د.إ76.0b | 9.3x | 8.1x | 4x |
| Sat, 02 Mar 2024 | د.إ639.0b | د.إ154.3b | د.إ76.5b | 11.4x | 8.4x | 4.1x |
| Mon, 29 Jan 2024 | د.إ646.4b | د.إ145.2b | د.إ72.5b | 10x | 8.9x | 4.5x |
| Wed, 27 Dec 2023 | د.إ606.0b | د.إ141.5b | د.إ70.8b | 10x | 8.6x | 4.3x |
| Fri, 24 Nov 2023 | د.إ602.8b | د.إ141.9b | د.إ70.9b | 10x | 8.5x | 4.2x |
| Sun, 22 Oct 2023 | د.إ573.0b | د.إ132.2b | د.إ65.3b | 9.7x | 8.8x | 4.3x |
| Tue, 19 Sep 2023 | د.إ613.3b | د.إ131.8b | د.إ64.7b | 9.8x | 9.5x | 4.7x |
| Thu, 17 Aug 2023 | د.إ611.5b | د.إ131.6b | د.إ64.7b | 9.5x | 9.5x | 4.6x |
| Sat, 15 Jul 2023 | د.إ600.3b | د.إ122.2b | د.إ56.8b | 10.9x | 10.6x | 4.9x |
| Mon, 12 Jun 2023 | د.إ565.1b | د.إ122.0b | د.إ56.5b | 9.9x | 10x | 4.6x |
| Wed, 10 May 2023 | د.إ580.3b | د.إ121.2b | د.إ56.3b | 10.1x | 10.3x | 4.8x |
| Fri, 07 Apr 2023 | د.إ522.9b | د.إ113.2b | د.إ52.0b | 9.6x | 10x | 4.6x |
| Sun, 05 Mar 2023 | د.إ527.9b | د.إ112.8b | د.إ53.1b | 10.4x | 9.9x | 4.7x |
| Tue, 31 Jan 2023 | د.إ510.3b | د.إ109.8b | د.إ51.6b | 10.9x | 9.9x | 4.6x |
| Thu, 29 Dec 2022 | د.إ561.7b | د.إ106.3b | د.إ50.4b | 10.6x | 11.2x | 5.3x |
| Sat, 26 Nov 2022 | د.إ574.0b | د.إ106.3b | د.إ50.4b | 10.9x | 11.4x | 5.4x |
Price to Earnings Ratio
11.4x
Current Industry PE
- Investors are relatively neutral on the Emirian Financials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 9.1x.
- The industry is trading close to its 3-year average PS ratio of 4.3x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 21% per year over the last three years.
- Revenues for these companies have grown 22% 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 Financials sector?
| AE Market | -2.06% | |
| Financials | -3.02% | |
| Insurance | 0.67% | |
| Mortgage Finance | 0% | 0 |
| Consumer Finance | 0% | 0 |
| Diversified Financial | -2.54% | |
| Capital Markets | -3.10% | |
| Banks | -3.10% | |
Industry PE
- Investors are most optimistic about the Consumer Finance industry which is trading above its 3-year average PE ratio.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Insurance industry, which is trading below its 3-year average of 15.1x.
Forecasted Growth
- Analysts are most optimistic on the Insurance industry, expecting annual earnings growth of 5.2% over the next 5 years.
- However this is lower than its past earnings growth rate of 28% per year.
- In contrast, the Capital Markets industry is expected to see its earnings decline by 5.5% 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 | |
|---|---|---|---|---|---|
| SHUAA SHUAA Capital PSC | د.إ0.26 | 14.3% +د.إ120.7m | 32.0% | PE25.8x | |
| AWNIC Al Wathba National Insurance Company PJSC | د.إ3.50 | 14.4% +د.إ91.1m | -19.2% | PE3.9x | |
| TKFL Abu Dhabi National Takaful Company PSC | د.إ5.00 | 14.4% +د.إ66.2m | 1.0% | PE4.5x | |
| NGI National General Insurance (P.J.S.C.) | د.إ5.90 | 1.7% +د.إ16.5m | 20.7% | PE7.4x | |
| SALAMA Islamic Arab Insurance (Salama) PJSC | د.إ0.41 | 3.5% +د.إ12.9m | 3.0% | PE535.5x |
