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Emirati (ADX) Banks Industry Analysis
UpdatedDec 22, 2024
DataAggregated Company Financials
Companies18
- 7D1.3%
- 3M2.4%
- 1Y11.1%
- YTD8.7%
In the last week, the Banks industry is up 1.3%, with Emirates NBD Bank PJSC up 3.0%. This takes the industry's 12 month performance to a gain of 11%. In the next few years earnings are forecast to be pretty stable.
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 |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | د.إ596.4b | د.إ140.3b | د.إ79.3b | 8.3x | 7.5x | 4.3x |
| Tue, 19 Nov 2024 | د.إ546.5b | د.إ135.5b | د.إ76.3b | 7.4x | 7.2x | 4x |
| Thu, 17 Oct 2024 | د.إ572.2b | د.إ136.5b | د.إ77.4b | 8.2x | 7.4x | 4.2x |
| Sat, 14 Sep 2024 | د.إ569.1b | د.إ136.5b | د.إ77.4b | 8.5x | 7.4x | 4.2x |
| Mon, 12 Aug 2024 | د.إ554.8b | د.إ136.5b | د.إ77.4b | 7.8x | 7.2x | 4.1x |
| Wed, 10 Jul 2024 | د.إ523.3b | د.إ131.1b | د.إ75.0b | 7.5x | 7x | 4x |
| Fri, 07 Jun 2024 | د.إ504.2b | د.إ131.1b | د.إ75.0b | 7.2x | 6.7x | 3.8x |
| Sun, 05 May 2024 | د.إ522.8b | د.إ131.0b | د.إ75.0b | 7.9x | 7x | 4x |
| Tue, 02 Apr 2024 | د.إ541.3b | د.إ125.1b | د.إ72.3b | 8x | 7.5x | 4.3x |
| Thu, 29 Feb 2024 | د.إ561.3b | د.إ125.1b | د.إ72.6b | 8.3x | 7.7x | 4.5x |
| Sat, 27 Jan 2024 | د.إ564.9b | د.إ121.1b | د.إ68.5b | 8.7x | 8.2x | 4.7x |
| Mon, 25 Dec 2023 | د.إ521.8b | د.إ119.3b | د.إ67.4b | 8.4x | 7.7x | 4.4x |
| Wed, 22 Nov 2023 | د.إ519.1b | د.إ119.3b | د.إ67.4b | 8.2x | 7.7x | 4.3x |
| Fri, 20 Oct 2023 | د.إ510.1b | د.إ110.6b | د.إ62.3b | 8.7x | 8.2x | 4.6x |
| Sun, 17 Sep 2023 | د.إ534.8b | د.إ110.8b | د.إ62.3b | 8.6x | 8.6x | 4.8x |
| Tue, 15 Aug 2023 | د.إ537.7b | د.إ110.8b | د.إ62.3b | 9x | 8.6x | 4.9x |
| Thu, 13 Jul 2023 | د.إ515.1b | د.إ102.4b | د.إ54.2b | 8.7x | 9.5x | 5x |
| Sat, 10 Jun 2023 | د.إ488.0b | د.إ102.4b | د.إ54.2b | 9x | 9x | 4.8x |
| Mon, 08 May 2023 | د.إ502.1b | د.إ101.9b | د.إ54.0b | 9.2x | 9.3x | 4.9x |
| Wed, 05 Apr 2023 | د.إ481.6b | د.إ94.5b | د.إ49.6b | 9.5x | 9.7x | 5.1x |
| Fri, 03 Mar 2023 | د.إ493.9b | د.إ94.4b | د.إ50.9b | 9.4x | 9.7x | 5.2x |
| Sun, 29 Jan 2023 | د.إ471.3b | د.إ92.1b | د.إ49.4b | 10x | 9.5x | 5.1x |
| Tue, 27 Dec 2022 | د.إ520.0b | د.إ88.5b | د.إ48.1b | 9.6x | 10.8x | 5.9x |
| Thu, 24 Nov 2022 | د.إ533.3b | د.إ88.5b | د.إ48.1b | 9.8x | 11.1x | 6x |
| Sat, 22 Oct 2022 | د.إ531.9b | د.إ84.1b | د.إ44.3b | 10.6x | 12x | 6.3x |
| Mon, 19 Sep 2022 | د.إ551.3b | د.إ84.1b | د.إ44.3b | 11.2x | 12.4x | 6.6x |
| Wed, 17 Aug 2022 | د.إ558.2b | د.إ84.0b | د.إ42.7b | 10.5x | 13.1x | 6.6x |
| Fri, 15 Jul 2022 | د.إ516.7b | د.إ78.8b | د.إ40.7b | 10.4x | 12.7x | 6.6x |
| Sun, 12 Jun 2022 | د.إ546.2b | د.إ78.8b | د.إ40.7b | 11.4x | 13.4x | 6.9x |
| Tue, 10 May 2022 | د.إ586.5b | د.إ78.8b | د.إ40.7b | 12x | 14.4x | 7.4x |
| Thu, 07 Apr 2022 | د.إ606.7b | د.إ73.0b | د.إ35.4b | 13.9x | 17.1x | 8.3x |
| Sat, 05 Mar 2022 | د.إ595.5b | د.إ72.7b | د.إ35.1b | 12.4x | 17x | 8.2x |
| Mon, 31 Jan 2022 | د.إ540.3b | د.إ69.0b | د.إ30.0b | 13.7x | 18x | 7.8x |
| Wed, 29 Dec 2021 | د.إ514.2b | د.إ66.2b | د.إ28.4b | 13x | 18.1x | 7.8x |
Price to Earnings Ratio
18.1x
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 7.5x which is lower than its 3-year average PE of 10.1x.
- The 3-year average PS ratio of 5.4x is higher than the industry's current PS ratio of 4.3x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 41% 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 | 1.53% | |
| Financials | 1.31% | |
| Banks | 1.33% | |
| Diversified Banks | 1.33% | |
| Regional Banks | 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 10.1x.
- Analysts are expecting annual earnings decline of 0.5%, 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 10.1x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Diversified Banks industry since they expect its earnings to decline by only 0.5% 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 | |
|---|---|---|---|---|---|
| EMIRATESNBD Emirates NBD Bank PJSC | د.إ20.40 | 3.0% +د.إ3.8b | 19.3% | PB1x | |
| FAB First Abu Dhabi Bank P.J.S.C | د.إ13.28 | 1.5% +د.إ2.2b | -3.3% | PB1.1x | |
| ADIB Abu Dhabi Islamic Bank PJSC | د.إ13.80 | 4.1% +د.إ2.0b | 35.3% | PB1.9x | |
| DIB Dubai Islamic Bank P.J.S.C | د.إ7.03 | 3.7% +د.إ1.8b | 23.3% | PB1.1x | |
| ADCB Abu Dhabi Commercial Bank PJSC | د.إ10.22 | 0.6% +د.إ439.1m | 17.1% | PB1x |