Emirati (ADX) Banks Industry Analysis
UpdatedJul 27, 2024
DataAggregated Company Financials
Companies18
- 7D1.0%
- 3M5.2%
- 1Y2.5%
- YTD0.9%
In the last week, the Banks industry is up 1.0%, with Emirates NBD Bank PJSC up 5.1%. In the same time, Emirates Islamic Bank PJSC was down 9.8%. Despite this gain, the industry's performance has been flat over the past year. As for the next few years, earnings are forecast to decline by 1.0% per annum.
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, 27 Jul 2024 | د.إ545.0b | د.إ136.4b | د.إ77.4b | 7.8x | 7x | 4x |
| Mon, 24 Jun 2024 | د.إ511.5b | د.إ131.1b | د.إ75.0b | 7.2x | 6.8x | 3.9x |
| Wed, 22 May 2024 | د.إ516.2b | د.إ131.1b | د.إ75.0b | 7.3x | 6.9x | 3.9x |
| Fri, 19 Apr 2024 | د.إ524.7b | د.إ125.1b | د.إ72.3b | 8.1x | 7.3x | 4.2x |
| Sun, 17 Mar 2024 | د.إ537.2b | د.إ125.1b | د.إ72.6b | 8.1x | 7.4x | 4.3x |
| Tue, 13 Feb 2024 | د.إ551.1b | د.إ125.5b | د.إ73.0b | 7.9x | 7.6x | 4.4x |
| Thu, 11 Jan 2024 | د.إ555.8b | د.إ119.3b | د.إ67.4b | 8.5x | 8.3x | 4.7x |
| Sat, 09 Dec 2023 | د.إ511.1b | د.إ119.3b | د.إ67.4b | 7.7x | 7.6x | 4.3x |
| Mon, 06 Nov 2023 | د.إ515.2b | د.إ119.5b | د.إ67.7b | 8.2x | 7.6x | 4.3x |
| Wed, 04 Oct 2023 | د.إ530.5b | د.إ110.8b | د.إ62.3b | 8.6x | 8.5x | 4.8x |
| Fri, 01 Sep 2023 | د.إ525.7b | د.إ110.8b | د.إ62.3b | 8.6x | 8.4x | 4.7x |
| Sun, 30 Jul 2023 | د.إ537.9b | د.إ110.7b | د.إ61.5b | 8.9x | 8.7x | 4.9x |
| Tue, 27 Jun 2023 | د.إ502.4b | د.إ102.4b | د.إ54.2b | 9.1x | 9.3x | 4.9x |
| Thu, 25 May 2023 | د.إ482.8b | د.إ102.0b | د.إ54.0b | 9.1x | 8.9x | 4.7x |
| Sat, 22 Apr 2023 | د.إ485.4b | د.إ95.4b | د.إ50.2b | 9.2x | 9.7x | 5.1x |
| Mon, 20 Mar 2023 | د.إ470.7b | د.إ94.4b | د.إ50.9b | 9.4x | 9.3x | 5x |
| Wed, 15 Feb 2023 | د.إ497.9b | د.إ94.4b | د.إ50.8b | 9.8x | 9.8x | 5.3x |
| Fri, 13 Jan 2023 | د.إ497.9b | د.إ88.5b | د.إ48.1b | 9.5x | 10.4x | 5.6x |
| Sun, 11 Dec 2022 | د.إ512.4b | د.إ88.5b | د.إ48.1b | 9.6x | 10.7x | 5.8x |
| Tue, 08 Nov 2022 | د.إ540.6b | د.إ88.7b | د.إ47.3b | 9.6x | 11.4x | 6.1x |
| Thu, 06 Oct 2022 | د.إ534.0b | د.إ84.1b | د.إ44.3b | 11.1x | 12.1x | 6.3x |
| Sat, 03 Sep 2022 | د.إ530.0b | د.إ84.0b | د.إ44.9b | 11.1x | 11.8x | 6.3x |
| Mon, 01 Aug 2022 | د.إ544.2b | د.إ81.0b | د.إ42.6b | 10.3x | 12.8x | 6.7x |
| Wed, 29 Jun 2022 | د.إ527.0b | د.إ78.8b | د.إ40.7b | 10.8x | 13x | 6.7x |
| Fri, 27 May 2022 | د.إ528.0b | د.إ78.8b | د.إ40.7b | 11.1x | 13x | 6.7x |
| Sun, 24 Apr 2022 | د.إ603.3b | د.إ73.8b | د.إ36.0b | 14.3x | 16.8x | 8.2x |
| Tue, 22 Mar 2022 | د.إ581.8b | د.إ72.9b | د.إ35.4b | 13.6x | 16.4x | 8x |
| Thu, 17 Feb 2022 | د.إ564.0b | د.إ72.7b | د.إ35.1b | 12.2x | 16.1x | 7.8x |
| Sat, 15 Jan 2022 | د.إ521.9b | د.إ66.2b | د.إ28.4b | 13.5x | 18.3x | 7.9x |
| Mon, 13 Dec 2021 | د.إ533.2b | د.إ66.2b | د.إ28.4b | 34.3x | 18.7x | 8x |
| Wed, 10 Nov 2021 | د.إ502.9b | د.إ65.4b | د.إ29.2b | 12x | 17.2x | 7.7x |
| Fri, 08 Oct 2021 | د.إ460.8b | د.إ61.6b | د.إ25.8b | 12.4x | 17.9x | 7.5x |
| Sun, 05 Sep 2021 | د.إ471.6b | د.إ61.6b | د.إ25.8b | 12.7x | 18.3x | 7.7x |
| Tue, 03 Aug 2021 | د.إ460.3b | د.إ61.6b | د.إ25.8b | 12.5x | 17.9x | 7.5x |
Price to Earnings Ratio
17.9x
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 7.0x which is lower than its 3-year average PE of 11.6x.
- The 3-year average PS ratio of 5.8x is higher than the industry's current PS ratio of 4.0x.
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 | 0.72% | |
| Financials | 0.95% | |
| Banks | 1.05% | |
| Diversified Banks | 1.05% | |
| 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 11.6x.
- Analysts are expecting annual earnings decline of 1.0%, which is lower than the prior year's growth of 29.5% per year.
- Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 11.6x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Diversified Banks industry since they expect its earnings to decline by only 1.0% 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 30% 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.إ18.45 | 5.1% +د.إ5.7b | 11.1% | PB1x | |
| MASQ Mashreqbank PSC | د.إ223.95 | 6.6% +د.إ2.8b | 55.5% | PB1.4x | |
| ADCB Abu Dhabi Commercial Bank PJSC | د.إ8.64 | 3.0% +د.إ1.8b | -0.8% | PB0.9x | |
| CBD Commercial Bank of Dubai PSC | د.إ6.39 | 1.4% +د.إ268.7m | 32.6% | PB1.2x | |
| ADIB Abu Dhabi Islamic Bank PJSC | د.إ12.24 | 0.3% +د.إ145.3m | 8.7% | PB1.8x |