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Emirati (ADX) Banks Industry Analysis
UpdatedDec 13, 2024
DataAggregated Company Financials
Companies18
- 7D0.4%
- 3M1.5%
- 1Y11.9%
- YTD7.4%
Over the last 7 days, the Banks industry has remained flat. As for the the longer term, the industry is up 12% over the past 12 months. 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, 13 Dec 2024 | د.إ588.0b | د.إ140.3b | د.إ79.3b | 8.2x | 7.4x | 4.2x |
| Sun, 10 Nov 2024 | د.إ540.8b | د.إ135.5b | د.إ76.3b | 7.8x | 7.1x | 4x |
| Tue, 08 Oct 2024 | د.إ559.4b | د.إ136.5b | د.إ77.4b | 8.2x | 7.2x | 4.1x |
| Thu, 05 Sep 2024 | د.إ565.3b | د.إ136.5b | د.إ77.4b | 7.9x | 7.3x | 4.1x |
| Sat, 03 Aug 2024 | د.إ555.1b | د.إ136.5b | د.إ77.4b | 7.8x | 7.2x | 4.1x |
| Mon, 01 Jul 2024 | د.إ521.5b | د.إ131.1b | د.إ75.0b | 7.3x | 7x | 4x |
| Wed, 29 May 2024 | د.إ500.8b | د.إ131.1b | د.إ75.0b | 7.2x | 6.7x | 3.8x |
| 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 |
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 7.4x which is lower than its 3-year average PE of 10.2x.
- The 3-year average PS ratio of 5.4x is higher than the industry's current PS ratio of 4.2x.
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 | 0.088% | |
| Financials | 0.38% | |
| Banks | 0.41% | |
| Diversified Banks | 0.41% | |
| 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 10.2x.
- 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 10.2x.
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.إ19.70 | 1.3% +د.إ1.6b | 16.9% | PB1x | |
| FAB First Abu Dhabi Bank P.J.S.C | د.إ13.26 | 1.1% +د.إ1.5b | -0.9% | PB1.1x | |
| UAB United Arab Bank P.J.S.C | د.إ1.34 | 21.8% +د.إ495.0m | 3.1% | PB1.1x | |
| MASQ Mashreqbank PSC | د.إ220.95 | 0.9% +د.إ391.2m | 43.5% | PB1.3x | |
| SIB Sharjah Islamic Bank PJSC | د.إ2.40 | 3.4% +د.إ258.9m | 3.0% | PB0.9x |