Emirati (ADX) Banks Industry Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies18
- 7D-0.8%
- 3M-6.6%
- 1Y4.2%
- YTD-3.0%
The Banks is pretty flat in the last 7 days, but Mashreqbank PSC has stood out, gaining 4.7%. The past year has been better, since the industry has gained 4.2% in that time. 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 |
|---|---|---|---|---|---|---|
| Fri, 26 Apr 2024 | د.إ519.7b | د.إ126.4b | د.إ72.9b | 8x | 7.1x | 4.1x |
| Sun, 24 Mar 2024 | د.إ545.4b | د.إ125.1b | د.إ72.6b | 8.2x | 7.5x | 4.4x |
| Tue, 20 Feb 2024 | د.إ569.4b | د.إ125.1b | د.إ72.6b | 8.2x | 7.8x | 4.5x |
| Thu, 18 Jan 2024 | د.إ549.8b | د.إ119.3b | د.إ67.3b | 8.8x | 8.2x | 4.6x |
| Sat, 16 Dec 2023 | د.إ516.6b | د.إ119.3b | د.إ67.4b | 8.2x | 7.7x | 4.3x |
| Mon, 13 Nov 2023 | د.إ516.1b | د.إ119.3b | د.إ67.6b | 8.2x | 7.6x | 4.3x |
| Wed, 11 Oct 2023 | د.إ520.1b | د.إ110.6b | د.إ62.3b | 8.5x | 8.3x | 4.7x |
| Fri, 08 Sep 2023 | د.إ521.7b | د.إ110.8b | د.إ62.3b | 8.6x | 8.4x | 4.7x |
| Sun, 06 Aug 2023 | د.إ536.7b | د.إ110.8b | د.إ61.6b | 8.9x | 8.7x | 4.8x |
| Tue, 04 Jul 2023 | د.إ507.3b | د.إ102.4b | د.إ54.2b | 9.2x | 9.4x | 5x |
| Thu, 01 Jun 2023 | د.إ476.2b | د.إ102.4b | د.إ54.2b | 9x | 8.8x | 4.7x |
| Sat, 29 Apr 2023 | د.إ506.2b | د.إ100.5b | د.إ52.8b | 9.3x | 9.6x | 5x |
| Mon, 27 Mar 2023 | د.إ468.2b | د.إ94.4b | د.إ50.9b | 9.4x | 9.2x | 5x |
| Wed, 22 Feb 2023 | د.إ497.7b | د.إ94.4b | د.إ50.8b | 9.8x | 9.8x | 5.3x |
| Fri, 20 Jan 2023 | د.إ495.7b | د.إ88.5b | د.إ48.1b | 9.6x | 10.3x | 5.6x |
| Sun, 18 Dec 2022 | د.إ518.3b | د.إ88.5b | د.إ48.1b | 9.6x | 10.8x | 5.9x |
| Tue, 15 Nov 2022 | د.إ541.3b | د.إ88.7b | د.إ47.3b | 9.8x | 11.4x | 6.1x |
| Thu, 13 Oct 2022 | د.إ524.3b | د.إ84.1b | د.إ44.3b | 11.1x | 11.8x | 6.2x |
| Sat, 10 Sep 2022 | د.إ527.3b | د.إ84.1b | د.إ44.3b | 11.1x | 11.9x | 6.3x |
| Mon, 08 Aug 2022 | د.إ541.8b | د.إ84.0b | د.إ42.7b | 10.3x | 12.7x | 6.4x |
| Wed, 06 Jul 2022 | د.إ513.7b | د.إ78.8b | د.إ40.7b | 10.7x | 12.6x | 6.5x |
| Fri, 03 Jun 2022 | د.إ560.0b | د.إ78.8b | د.إ40.7b | 11.6x | 13.8x | 7.1x |
| Sun, 01 May 2022 | د.إ597.7b | د.إ78.1b | د.إ40.0b | 13x | 14.9x | 7.7x |
| Tue, 29 Mar 2022 | د.إ604.9b | د.إ72.9b | د.إ35.4b | 13.9x | 17.1x | 8.3x |
| Thu, 24 Feb 2022 | د.إ552.5b | د.إ72.7b | د.إ35.1b | 12.9x | 15.7x | 7.6x |
| Sat, 22 Jan 2022 | د.إ535.1b | د.إ66.2b | د.إ28.4b | 13.5x | 18.8x | 8.1x |
| Mon, 20 Dec 2021 | د.إ513.3b | د.إ66.2b | د.إ28.4b | 12.9x | 18x | 7.7x |
| Wed, 17 Nov 2021 | د.إ509.7b | د.إ65.9b | د.إ29.4b | 12.2x | 17.3x | 7.7x |
| Fri, 15 Oct 2021 | د.إ482.7b | د.إ61.6b | د.إ25.8b | 12.9x | 18.7x | 7.8x |
| Sun, 12 Sep 2021 | د.إ485.9b | د.إ61.6b | د.إ25.8b | 12.8x | 18.9x | 7.9x |
| Tue, 10 Aug 2021 | د.إ462.8b | د.إ61.6b | د.إ25.8b | 12.4x | 18x | 7.5x |
| Mon, 03 May 2021 | د.إ412.6b | د.إ59.5b | د.إ24.9b | 12.1x | 16.5x | 6.9x |
Price to Earnings Ratio
16.5x
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 7.1x which is lower than its 3-year average PE of 12.5x.
- The 3-year average PS ratio of 6.1x is higher than the industry's current PS ratio of 4.1x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 43% per year over the last three years.
- Revenues for these companies have grown 29% 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 | -1.94% | |
| Financials | -0.81% | |
| Banks | -0.79% | |
| Regional Banks | 0% | |
| Diversified Banks | -0.79% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 12.5x.
- Analysts are expecting annual earnings decline of 0.1%, which is lower than the prior year's growth of 39.6% per year.
- Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 12.5x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Diversified Banks industry since they expect its earnings to decline by only 0.1% 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 40% 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 | |
|---|---|---|---|---|---|
| MASQ Mashreqbank PSC | د.إ180.00 | 4.7% +د.إ1.6b | 50.0% | PB1.3x | |
| EMIRATESNBD Emirates NBD Bank PJSC | د.إ16.75 | 1.2% +د.إ1.3b | 18.8% | PB1x | |
| ADIB Abu Dhabi Islamic Bank PJSC | د.إ11.20 | 1.8% +د.إ726.4m | -1.4% | PB1.8x | |
| ADCB Abu Dhabi Commercial Bank PJSC | د.إ8.31 | 0.8% +د.إ512.3m | -5.8% | PB0.9x | |
| AJMANBANK Ajman Bank PJSC | د.إ1.89 | 4.4% +د.إ215.7m | 15.2% | PB1.9x |