Does Abu Dhabi Islamic Bank PJSC (ADX:ADIB) Deserve A Spot On Your Watchlist?
Sep 21
Emirati (ADX) Financials Sector Analysis
UpdatedSep 24, 2023
DataAggregated Company Financials
Companies58
- 7D-0.6%
- 3M6.4%
- 1Y1.3%
- YTD2.3%
Last week, the Financials industry hasn't moved much but Emirates NBD Bank PJSC is up 7.1% in that time. In line with that, the industry has also been flat over the past 12 months. Earnings are forecast to grow by 1.2% annually.
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 |
|---|---|---|---|---|---|---|
| Sun, 24 Sep 2023 | د.إ610.6b | د.إ131.8b | د.إ64.7b | 9.8x | 9.4x | 4.6x |
| Tue, 22 Aug 2023 | د.إ613.1b | د.إ131.4b | د.إ64.7b | 10.8x | 9.5x | 4.7x |
| Thu, 20 Jul 2023 | د.إ598.0b | د.إ122.3b | د.إ56.8b | 10.4x | 10.5x | 4.9x |
| Sat, 17 Jun 2023 | د.إ577.9b | د.إ122.0b | د.إ56.5b | 11.5x | 10.2x | 4.7x |
| Mon, 15 May 2023 | د.إ576.3b | د.إ121.3b | د.إ56.3b | 10.1x | 10.2x | 4.7x |
| Wed, 12 Apr 2023 | د.إ526.8b | د.إ113.2b | د.إ52.1b | 10.3x | 10.1x | 4.7x |
| Fri, 10 Mar 2023 | د.إ525.0b | د.إ112.7b | د.إ53.1b | 10.4x | 9.9x | 4.7x |
| Sun, 05 Feb 2023 | د.إ528.5b | د.إ112.2b | د.إ53.0b | 10.4x | 10x | 4.7x |
| Tue, 03 Jan 2023 | د.إ557.7b | د.إ106.3b | د.إ50.4b | 10.6x | 11.1x | 5.2x |
| Thu, 01 Dec 2022 | د.إ573.4b | د.إ106.3b | د.إ50.4b | 11x | 11.4x | 5.4x |
| Sat, 29 Oct 2022 | د.إ565.2b | د.إ104.8b | د.إ50.1b | 11.1x | 11.3x | 5.4x |
| Mon, 26 Sep 2022 | د.إ574.7b | د.إ100.6b | د.إ47.4b | 11.5x | 12.1x | 5.7x |
| Wed, 24 Aug 2022 | د.إ593.2b | د.إ100.5b | د.إ45.8b | 11.4x | 12.9x | 5.9x |
| Fri, 22 Jul 2022 | د.إ579.4b | د.إ91.6b | د.إ44.0b | 11x | 13.2x | 6.3x |
| Sun, 19 Jun 2022 | د.إ576.2b | د.إ91.4b | د.إ45.3b | 11.1x | 12.7x | 6.3x |
| Tue, 17 May 2022 | د.إ587.1b | د.إ91.4b | د.إ45.3b | 11.3x | 13x | 6.4x |
| Thu, 14 Apr 2022 | د.إ654.5b | د.إ85.4b | د.إ40.1b | 12.5x | 16.3x | 7.7x |
| Sat, 12 Mar 2022 | د.إ640.3b | د.إ86.0b | د.إ39.5b | 11.9x | 16.2x | 7.4x |
| Mon, 07 Feb 2022 | د.إ577.8b | د.إ84.9b | د.إ39.0b | 11.6x | 14.8x | 6.8x |
| Wed, 05 Jan 2022 | د.إ566.7b | د.إ78.7b | د.إ32.6b | 12.4x | 17.4x | 7.2x |
| Fri, 03 Dec 2021 | د.إ558.4b | د.إ78.7b | د.إ32.6b | 11.6x | 17.1x | 7.1x |
| Sun, 31 Oct 2021 | د.إ522.8b | د.إ76.0b | د.إ31.6b | 11.4x | 16.5x | 6.9x |
| Tue, 28 Sep 2021 | د.إ515.1b | د.إ73.6b | د.إ29.2b | 11.2x | 17.6x | 7x |
| Thu, 26 Aug 2021 | د.إ503.7b | د.إ74.7b | د.إ29.1b | 11.9x | 17.3x | 6.7x |
| Fri, 02 Jul 2021 | د.إ498.9b | د.إ74.7b | د.إ29.1b | 11.2x | 17.1x | 6.7x |
| Mon, 05 Apr 2021 | د.إ444.3b | د.إ72.2b | د.إ28.0b | 9.9x | 15.9x | 6.2x |
| Thu, 07 Jan 2021 | د.إ426.2b | د.إ70.4b | د.إ24.7b | 12.1x | 17.2x | 6.1x |
| Wed, 30 Sep 2020 | د.إ397.3b | د.إ75.3b | د.إ28.9b | 9.6x | 13.8x | 5.3x |
Price to Earnings Ratio
13.8x
Current Industry PE
- Investors are pessimistic on the Emirian Financials 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 9.5x which is lower than its 3-year average PE of 14.0x.
- The 3-year average PS ratio of 6.0x is higher than the industry's current PS ratio of 4.7x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 31% per year over the last three years.
- Revenues for these companies have grown 21% 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 | 0.67% | |
| Financials | -0.62% | |
| Capital Markets | 3.48% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Consumer Finance | 0% | |
| Diversified Financial | -0.23% | |
| Insurance | -0.66% | |
| Banks | -0.77% | |
Industry PE
- Investors are most optimistic about the Consumer Finance industry even though it's trading below its 3-year average PE ratio of 1kx.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Banks industry, which is trading below its 3-year average of 14.0x.
Forecasted Growth
- Analysts are most optimistic on the Capital Markets industry, expecting annual earnings growth of 20% over the next 5 years.
- However this is lower than its past earnings growth rate of 51% per year.
- In contrast, the Banks 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 | |
|---|---|---|---|---|---|
| EMIRATESNBD Emirates NBD Bank PJSC | د.إ18.15 | 4.6% +د.إ5.1b | 44.0% | PB1.2x | |
| DIB Dubai Islamic Bank P.J.S.C | د.إ5.90 | 3.9% +د.إ1.6b | -2.6% | PB1x | |
| MASQ Mashreqbank PSC | د.إ155.00 | 3.3% +د.إ1.0b | 55.0% | PB1.2x | |
| DFM Dubai Financial Market P.J.S.C | د.إ1.64 | 4.5% +د.إ559.7m | -1.2% | PE66.9x | |
| ADIB Abu Dhabi Islamic Bank PJSC | د.إ10.54 | 1.2% +د.إ435.8m | 9.8% | PB1.7x |
