Should You Be Adding National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) To Your Watchlist Today?
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Emirati (ADX) Banks Industry Analysis
UpdatedJan 21, 2025
DataAggregated Company Financials
Companies18
- 7D0.7%
- 3M9.1%
- 1Y12.5%
- YTD4.3%
Over the last 7 days, the Banks industry has remained flat. The past year has been better, since the industry has gained 13% in that time. Looking forward, earnings are expected to remain mostly flat in the next few years.
Industry Valuation and Performance
Has the Emirati Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 21 Jan 2025 | د.إ640.7b | د.إ140.3b | د.إ79.3b | 8.8x | 8.1x | 4.6x |
| Thu, 19 Dec 2024 | د.إ595.1b | د.إ140.3b | د.إ79.3b | 8.3x | 7.5x | 4.2x |
| Sat, 16 Nov 2024 | د.إ543.7b | د.إ135.5b | د.إ76.3b | 7.7x | 7.1x | 4x |
| Mon, 14 Oct 2024 | د.إ559.4b | د.إ136.5b | د.إ77.4b | 8.1x | 7.2x | 4.1x |
| Wed, 11 Sep 2024 | د.إ572.1b | د.إ136.5b | د.إ77.4b | 8.4x | 7.4x | 4.2x |
| Fri, 09 Aug 2024 | د.إ554.8b | د.إ136.5b | د.إ77.4b | 7.8x | 7.2x | 4.1x |
| Sun, 07 Jul 2024 | د.إ520.4b | د.إ131.1b | د.إ75.0b | 7.5x | 6.9x | 4x |
| Tue, 04 Jun 2024 | د.إ505.9b | د.إ131.1b | د.إ75.0b | 7.2x | 6.7x | 3.9x |
| Thu, 02 May 2024 | د.إ520.2b | د.إ130.9b | د.إ74.9b | 7.9x | 6.9x | 4x |
| Sat, 30 Mar 2024 | د.إ538.9b | د.إ125.1b | د.إ72.6b | 8.2x | 7.4x | 4.3x |
| Mon, 26 Feb 2024 | د.إ555.2b | د.إ125.1b | د.إ72.6b | 8.1x | 7.6x | 4.4x |
| Wed, 24 Jan 2024 | د.إ559.9b | د.إ119.3b | د.إ67.3b | 9.1x | 8.3x | 4.7x |
| Fri, 22 Dec 2023 | د.إ518.4b | د.إ119.3b | د.إ67.4b | 8.3x | 7.7x | 4.3x |
| Sun, 19 Nov 2023 | د.إ523.8b | د.إ119.3b | د.إ67.4b | 8.3x | 7.8x | 4.4x |
| Tue, 17 Oct 2023 | د.إ514.3b | د.إ110.6b | د.إ62.3b | 8.4x | 8.3x | 4.6x |
| Thu, 14 Sep 2023 | د.إ531.5b | د.إ110.8b | د.إ62.3b | 8.6x | 8.5x | 4.8x |
| Sat, 12 Aug 2023 | د.إ536.8b | د.إ110.8b | د.إ62.3b | 9x | 8.6x | 4.8x |
| Mon, 10 Jul 2023 | د.إ515.1b | د.إ102.4b | د.إ54.2b | 8.7x | 9.5x | 5x |
| Wed, 07 Jun 2023 | د.إ484.1b | د.إ102.4b | د.إ54.2b | 9x | 8.9x | 4.7x |
| Fri, 05 May 2023 | د.إ498.7b | د.إ101.9b | د.إ54.0b | 9.3x | 9.2x | 4.9x |
| Sun, 02 Apr 2023 | د.إ472.0b | د.إ94.5b | د.إ49.6b | 9.4x | 9.5x | 5x |
| Tue, 28 Feb 2023 | د.إ493.2b | د.إ94.4b | د.إ50.8b | 9.3x | 9.7x | 5.2x |
| Thu, 26 Jan 2023 | د.إ501.0b | د.إ88.5b | د.إ48.0b | 10.4x | 10.4x | 5.7x |
| Sat, 24 Dec 2022 | د.إ520.0b | د.إ88.5b | د.إ48.1b | 9.6x | 10.8x | 5.9x |
| Mon, 21 Nov 2022 | د.إ531.3b | د.إ88.5b | د.إ48.1b | 9.8x | 11x | 6x |
| Wed, 19 Oct 2022 | د.إ530.4b | د.إ84.1b | د.إ44.3b | 11.1x | 12x | 6.3x |
| Fri, 16 Sep 2022 | د.إ540.2b | د.إ84.1b | د.إ44.3b | 11.1x | 12.2x | 6.4x |
| Sun, 14 Aug 2022 | د.إ558.8b | د.إ84.0b | د.إ42.7b | 10.4x | 13.1x | 6.7x |
| Tue, 12 Jul 2022 | د.إ505.0b | د.إ78.8b | د.إ40.7b | 10.4x | 12.4x | 6.4x |
| Thu, 09 Jun 2022 | د.إ549.7b | د.إ78.8b | د.إ40.7b | 11.5x | 13.5x | 7x |
| Sat, 07 May 2022 | د.إ594.7b | د.إ78.8b | د.إ40.7b | 12.1x | 14.6x | 7.5x |
| Mon, 04 Apr 2022 | د.إ606.9b | د.إ73.0b | د.إ35.4b | 14.4x | 17.1x | 8.3x |
| Wed, 02 Mar 2022 | د.إ589.4b | د.إ72.7b | د.إ35.1b | 12.9x | 16.8x | 8.1x |
| Fri, 28 Jan 2022 | د.إ538.2b | د.إ67.5b | د.إ30.0b | 13.4x | 18x | 8x |
Price to Earnings Ratio
18x
Current Industry PE
- Investors are pessimistic on the Emirian Banks 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 8.1x which is lower than its 3-year average PE of 9.8x.
- The 3-year average PS ratio of 5.3x is higher than the industry's current PS ratio of 4.6x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 38% per year over the last three years.
- Revenues for these companies have grown 28% 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 industry?
| AE Market | -0.0071% | |
| Financials | 0.66% | |
| Banks | 0.74% | |
| Diversified Banks | 0.74% | |
| Regional Banks | 0% | 0 |
Industry PE
- Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 9.8x.
- Analysts are expecting annual earnings decline of 1.0%, which is lower than the prior year's growth of 23.5% per year.
- Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 9.8x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Diversified Banks industry since they expect its earnings to decline by only 1.0% per year over the next 5 years, which isn't as bad as the other industries.
- This is a reversal from its past annual earnings growth rate of 24% per year.
- In contrast, the Diversified 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 | |
|---|---|---|---|---|---|
| ADIB Abu Dhabi Islamic Bank PJSC | د.إ15.30 | 2.7% +د.إ1.5b | 38.8% | PB2.1x | |
| NBF National Bank of Fujairah PJSC | د.إ4.14 | 13.7% +د.إ1.1b | -13.1% | PB1.1x | |
| ADCB Abu Dhabi Commercial Bank PJSC | د.إ11.00 | 1.3% +د.إ1.0b | 22.2% | PB1.1x | |
| EMIRATESNBD Emirates NBD Bank PJSC | د.إ21.90 | 0.5% +د.إ631.7m | 23.7% | PB1.1x | |
| DIB Dubai Islamic Bank P.J.S.C | د.إ7.34 | 0.7% +د.إ361.4m | 25.7% | PB1.2x |