Here's Why National Bank of Umm Al-Qaiwain (PSC) (ADX:NBQ) Has Caught The Eye Of Investors
Jun 13
Emirati (ADX) Banks Industry Analysis
UpdatedJun 15, 2024
DataAggregated Company Financials
Companies18
- 7D-0.05%
- 3M-4.4%
- 1Y1.3%
- YTD-5.0%
Over the last 7 days, the Banks industry has remained flat. Furthermore, the industry has been flat for the past year as well. Earnings are forecast to be flat in the coming 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 |
|---|---|---|---|---|---|---|
| Sat, 15 Jun 2024 | د.إ506.0b | د.إ131.1b | د.إ75.0b | 7.2x | 6.7x | 3.9x |
| Mon, 13 May 2024 | د.إ526.8b | د.إ131.1b | د.إ75.0b | 7.7x | 7x | 4x |
| Wed, 10 Apr 2024 | د.إ536.8b | د.إ125.1b | د.إ72.3b | 7.9x | 7.4x | 4.3x |
| Fri, 08 Mar 2024 | د.إ546.2b | د.إ125.1b | د.إ72.6b | 8.2x | 7.5x | 4.4x |
| Sun, 04 Feb 2024 | د.إ563.1b | د.إ125.4b | د.إ72.9b | 8.2x | 7.7x | 4.5x |
| Tue, 02 Jan 2024 | د.إ532.6b | د.إ119.3b | د.إ67.4b | 8.3x | 7.9x | 4.5x |
| Thu, 30 Nov 2023 | د.إ519.0b | د.إ119.3b | د.إ67.4b | 8.2x | 7.7x | 4.3x |
| Sat, 28 Oct 2023 | د.إ490.5b | د.إ115.1b | د.إ65.7b | 7.9x | 7.5x | 4.3x |
| Mon, 25 Sep 2023 | د.إ530.7b | د.إ110.8b | د.إ62.3b | 8.5x | 8.5x | 4.8x |
| Wed, 23 Aug 2023 | د.إ532.0b | د.إ110.8b | د.إ62.3b | 8.4x | 8.5x | 4.8x |
| Fri, 21 Jul 2023 | د.إ516.5b | د.إ102.7b | د.إ54.6b | 8.7x | 9.5x | 5x |
| Sun, 18 Jun 2023 | د.إ500.2b | د.إ102.4b | د.إ54.2b | 9.2x | 9.2x | 4.9x |
| Tue, 16 May 2023 | د.إ484.8b | د.إ102.0b | د.إ54.0b | 9x | 9x | 4.8x |
| Thu, 13 Apr 2023 | د.إ484.1b | د.إ94.5b | د.إ49.6b | 9.4x | 9.8x | 5.1x |
| Sat, 11 Mar 2023 | د.إ483.7b | د.إ94.4b | د.إ50.9b | 9.4x | 9.5x | 5.1x |
| Mon, 06 Feb 2023 | د.إ489.9b | د.إ94.4b | د.إ50.8b | 9.6x | 9.7x | 5.2x |
| Wed, 04 Jan 2023 | د.إ517.6b | د.إ88.5b | د.إ48.1b | 9.5x | 10.8x | 5.8x |
| Fri, 02 Dec 2022 | د.إ531.9b | د.إ88.5b | د.إ48.1b | 9.9x | 11.1x | 6x |
| Sun, 30 Oct 2022 | د.إ525.8b | د.إ88.2b | د.إ47.0b | 9.7x | 11.2x | 6x |
| Tue, 27 Sep 2022 | د.إ521.7b | د.إ84.1b | د.إ44.3b | 10.8x | 11.8x | 6.2x |
| Thu, 25 Aug 2022 | د.إ549.3b | د.إ84.1b | د.إ42.7b | 10.7x | 12.9x | 6.5x |
| Sat, 23 Jul 2022 | د.إ541.3b | د.إ79.0b | د.إ40.7b | 11.1x | 13.3x | 6.9x |
| Mon, 20 Jun 2022 | د.إ533.5b | د.إ78.8b | د.إ40.7b | 11.1x | 13.1x | 6.8x |
| Wed, 18 May 2022 | د.إ552.3b | د.إ78.8b | د.إ40.7b | 11.8x | 13.6x | 7x |
| Fri, 15 Apr 2022 | د.إ594.8b | د.إ73.0b | د.إ35.4b | 13.9x | 16.8x | 8.1x |
| Sun, 13 Mar 2022 | د.إ593.8b | د.إ72.8b | د.إ35.3b | 14.2x | 16.8x | 8.2x |
| Tue, 08 Feb 2022 | د.إ531.6b | د.إ72.4b | د.إ34.7b | 12.5x | 15.3x | 7.3x |
| Thu, 06 Jan 2022 | د.إ516.8b | د.إ66.2b | د.إ28.4b | 13.4x | 18.2x | 7.8x |
| Sat, 04 Dec 2021 | د.إ512.3b | د.إ66.2b | د.إ28.4b | 12.8x | 18x | 7.7x |
| Mon, 01 Nov 2021 | د.إ486.3b | د.إ65.6b | د.إ29.3b | 11.8x | 16.6x | 7.4x |
| Wed, 29 Sep 2021 | د.إ484.1b | د.إ61.6b | د.إ25.8b | 13x | 18.8x | 7.9x |
| Fri, 27 Aug 2021 | د.إ467.5b | د.إ61.6b | د.إ25.8b | 12.8x | 18.1x | 7.6x |
| Sat, 03 Jul 2021 | د.إ463.7b | د.إ61.6b | د.إ25.8b | 12.8x | 18x | 7.5x |
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 6.7x which is lower than its 3-year average PE of 11.9x.
- The 3-year average PS ratio of 6.0x is higher than the industry's current PS ratio of 3.9x.
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 | 0.98% | |
| Financials | -0.055% | |
| Banks | -0.048% | |
| Regional Banks | 0% | |
| Diversified Banks | -0.048% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 11.9x.
- Analysts are expecting annual earnings decline of 0.5%, which is lower than the prior year's growth of 35.5% per year.
- Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 11.9x.
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 36% 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.إ16.25 | 0.9% +د.إ947.5m | 9.1% | PB0.9x | |
| ADCB Abu Dhabi Commercial Bank PJSC | د.إ7.91 | 1.3% +د.إ731.8m | -3.2% | PB0.8x | |
| ADIB Abu Dhabi Islamic Bank PJSC | د.إ11.04 | 1.3% +د.إ508.5m | 5.7% | PB1.7x | |
| DIB Dubai Islamic Bank P.J.S.C | د.إ5.59 | 0.9% +د.إ361.4m | 1.6% | PB0.9x | |
| RAKBANK National Bank of Ras Al-Khaimah (P.S.C.) | د.إ5.30 | 2.9% +د.إ301.7m | 20.2% | PB1x |