Have your own idea? Try our Stock Screener
Markets has moved to Discover
You can now access Markets by navigating to Discover and selecting Markets.
Emirati (ADX) Banks Industry Analysis
UpdatedAug 31, 2024
DataAggregated Company Financials
Companies18
- 7D0.3%
- 3M9.8%
- 1Y7.8%
- YTD3.4%
In the last week, Banks has been flat. As for the the longer term, the industry is up 7.6% 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 |
|---|---|---|---|---|---|---|
| Sat, 31 Aug 2024 | د.إ561.7b | د.إ136.5b | د.إ77.4b | 7.9x | 7.3x | 4.1x |
| Mon, 29 Jul 2024 | د.إ545.0b | د.إ136.3b | د.إ77.3b | 7.8x | 7x | 4x |
| Wed, 26 Jun 2024 | د.إ517.6b | د.إ131.1b | د.إ75.0b | 7.4x | 6.9x | 3.9x |
| Fri, 24 May 2024 | د.إ509.4b | د.إ131.1b | د.إ75.0b | 7.3x | 6.8x | 3.9x |
| Sun, 21 Apr 2024 | د.إ521.2b | د.إ125.1b | د.إ72.4b | 8.1x | 7.2x | 4.2x |
| Tue, 19 Mar 2024 | د.إ538.9b | د.إ125.1b | د.إ72.6b | 8.2x | 7.4x | 4.3x |
| Thu, 15 Feb 2024 | د.إ563.3b | د.إ125.5b | د.إ73.0b | 8.1x | 7.7x | 4.5x |
| Sat, 13 Jan 2024 | د.إ557.9b | د.إ119.3b | د.إ67.4b | 8.8x | 8.3x | 4.7x |
| Mon, 11 Dec 2023 | د.إ511.1b | د.إ119.3b | د.إ67.4b | 8.2x | 7.6x | 4.3x |
| Wed, 08 Nov 2023 | د.إ520.2b | د.إ119.5b | د.إ67.7b | 8.4x | 7.7x | 4.4x |
| Fri, 06 Oct 2023 | د.إ530.5b | د.إ110.6b | د.إ62.3b | 8.5x | 8.5x | 4.8x |
| Sun, 03 Sep 2023 | د.إ527.1b | د.إ110.8b | د.إ62.3b | 8.6x | 8.5x | 4.8x |
| Tue, 01 Aug 2023 | د.إ542.4b | د.إ110.7b | د.إ61.5b | 8.9x | 8.8x | 4.9x |
| Thu, 29 Jun 2023 | د.إ502.4b | د.إ102.4b | د.إ54.2b | 9.1x | 9.3x | 4.9x |
| Sat, 27 May 2023 | د.إ480.6b | د.إ102.4b | د.إ54.2b | 9x | 8.9x | 4.7x |
| Mon, 24 Apr 2023 | د.إ485.4b | د.إ95.4b | د.إ50.2b | 9.2x | 9.7x | 5.1x |
| Wed, 22 Mar 2023 | د.إ472.6b | د.إ94.4b | د.إ50.9b | 9.4x | 9.3x | 5x |
| Fri, 17 Feb 2023 | د.إ494.8b | د.إ94.4b | د.إ50.8b | 9.8x | 9.7x | 5.2x |
| Sun, 15 Jan 2023 | د.إ500.3b | د.إ88.5b | د.إ48.1b | 9.5x | 10.4x | 5.7x |
| Tue, 13 Dec 2022 | د.إ507.3b | د.إ88.5b | د.إ48.1b | 9.6x | 10.5x | 5.7x |
| Thu, 10 Nov 2022 | د.إ540.8b | د.إ88.7b | د.إ47.3b | 9.8x | 11.4x | 6.1x |
| Sat, 08 Oct 2022 | د.إ533.5b | د.إ84.1b | د.إ44.3b | 11.1x | 12x | 6.3x |
| Mon, 05 Sep 2022 | د.إ527.4b | د.إ84.1b | د.إ44.3b | 11.1x | 11.9x | 6.3x |
| Wed, 03 Aug 2022 | د.إ547.5b | د.إ84.0b | د.إ42.9b | 10.3x | 12.7x | 6.5x |
| Fri, 01 Jul 2022 | د.إ523.4b | د.إ78.8b | د.إ40.7b | 10.8x | 12.9x | 6.6x |
| Sun, 29 May 2022 | د.إ542.2b | د.إ78.8b | د.إ40.7b | 11.4x | 13.3x | 6.9x |
| Tue, 26 Apr 2022 | د.إ596.6b | د.إ73.8b | د.إ36.0b | 14.1x | 16.6x | 8.1x |
| Thu, 24 Mar 2022 | د.إ591.0b | د.إ72.9b | د.إ35.4b | 13.1x | 16.7x | 8.1x |
| Sat, 19 Feb 2022 | د.إ558.1b | د.إ72.7b | د.إ35.1b | 12.9x | 15.9x | 7.7x |
| Mon, 17 Jan 2022 | د.إ522.7b | د.إ66.2b | د.إ28.4b | 13.5x | 18.4x | 7.9x |
| Wed, 15 Dec 2021 | د.إ530.6b | د.إ66.2b | د.إ28.4b | 13x | 18.7x | 8x |
| Fri, 12 Nov 2021 | د.إ509.4b | د.إ65.9b | د.إ29.4b | 12.2x | 17.3x | 7.7x |
| Sun, 10 Oct 2021 | د.إ460.8b | د.إ61.6b | د.إ25.8b | 12.4x | 17.9x | 7.5x |
| Tue, 07 Sep 2021 | د.إ473.4b | د.إ61.6b | د.إ25.8b | 12.7x | 18.4x | 7.7x |
Price to Earnings Ratio
18.4x
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 7.2x which is lower than its 3-year average PE of 11.3x.
- The 3-year average PS ratio of 5.7x 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 44% per year over the last three years.
- Revenues for these companies have grown 30% 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 | -0.71% | |
| Financials | 0.30% | |
| Banks | 0.30% | |
| Diversified Banks | 0.30% | |
| 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 11.3x.
- Analysts are expecting annual earnings decline of 0.4%, which is lower than the prior year's growth of 28.1% per year.
- Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 11.3x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Diversified Banks industry since they expect its earnings to decline by only 0.4% 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 28% 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 | |
|---|---|---|---|---|---|
| FAB First Abu Dhabi Bank P.J.S.C | د.إ13.40 | 0.6% +د.إ883.3m | -1.5% | PB1.2x | |
| DIB Dubai Islamic Bank P.J.S.C | د.إ6.17 | 1.0% +د.إ433.6m | 9.4% | PB1x | |
| MASQ Mashreqbank PSC | د.إ217.00 | 0.9% +د.إ401.2m | 44.7% | PB1.3x | |
| ADCB Abu Dhabi Commercial Bank PJSC | د.إ8.76 | 0.6% +د.إ365.9m | 2.3% | PB0.9x | |
| ADIB Abu Dhabi Islamic Bank PJSC | د.إ12.62 | 0.6% +د.إ290.6m | 20.2% | PB1.9x |