Why We're Not Concerned Yet About Takaful Emarat - Insurance (PSC)'s (DFM:TAKAFUL-EM) 28% Share Price Plunge
Dec 19
Have your own idea? Try our Stock Screener
Emirati (ADX) Insurance Industry Analysis
UpdatedDec 22, 2024
DataAggregated Company Financials
Companies23
- 7D0.8%
- 3M0.5%
- 1Y3.5%
- YTD5.2%
The Insurance is pretty flat in the last 7 days, but Sukoon Insurance PJSC has stood out, gaining 13%. As for the the longer term, the industry is up 3.5% over the past 12 months.
Industry Valuation and Performance
Has the Emirati Insurance Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | د.إ15.0b | د.إ23.8b | د.إ889.3m | 10.7x | 16.8x | 0.6x |
| Tue, 19 Nov 2024 | د.إ14.2b | د.إ23.9b | د.إ896.3m | 10.9x | 15.9x | 0.6x |
| Thu, 17 Oct 2024 | د.إ14.4b | د.إ21.1b | د.إ1.1b | 13.1x | 12.9x | 0.7x |
| Sat, 14 Sep 2024 | د.إ14.1b | د.إ21.3b | د.إ1.1b | 12.7x | 13.3x | 0.7x |
| Mon, 12 Aug 2024 | د.إ14.3b | د.إ20.7b | د.إ1.1b | 9.9x | 13.2x | 0.7x |
| Wed, 10 Jul 2024 | د.إ14.4b | د.إ19.2b | د.إ1.1b | 8.9x | 13x | 0.7x |
| Fri, 07 Jun 2024 | د.إ13.3b | د.إ18.2b | د.إ944.3m | 8.7x | 14.1x | 0.7x |
| Sun, 05 May 2024 | د.إ13.7b | د.إ17.0b | د.إ887.5m | 11.2x | 15.5x | 0.8x |
| Tue, 02 Apr 2024 | د.إ14.2b | د.إ18.3b | د.إ1.1b | 10.7x | 13.3x | 0.8x |
| Thu, 29 Feb 2024 | د.إ13.9b | د.إ17.2b | د.إ878.3m | 12x | 15.8x | 0.8x |
| Sat, 27 Jan 2024 | د.إ15.0b | د.إ12.6b | د.إ972.1m | 9.8x | 15.5x | 1.2x |
| Mon, 25 Dec 2023 | د.إ14.4b | د.إ12.1b | د.إ967.4m | 9.2x | 14.9x | 1.2x |
| Wed, 22 Nov 2023 | د.إ14.3b | د.إ12.7b | د.إ927.2m | 8.8x | 15.4x | 1.1x |
| Fri, 20 Oct 2023 | د.إ14.2b | د.إ11.8b | د.إ843.9m | 10.1x | 16.8x | 1.2x |
| Sun, 17 Sep 2023 | د.إ14.6b | د.إ11.8b | د.إ843.9m | 11.1x | 17.3x | 1.2x |
| Tue, 15 Aug 2023 | د.إ14.9b | د.إ11.2b | د.إ824.1m | 14.7x | 18.1x | 1.3x |
| Thu, 13 Jul 2023 | د.إ15.0b | د.إ10.9b | د.إ800.5m | 15.7x | 18.8x | 1.4x |
| Sat, 10 Jun 2023 | د.إ14.6b | د.إ11.0b | د.إ883.0m | 12x | 16.6x | 1.3x |
| Mon, 08 May 2023 | د.إ14.5b | د.إ10.7b | د.إ952.4m | 15.6x | 15.2x | 1.4x |
| Wed, 05 Apr 2023 | د.إ14.5b | د.إ10.7b | د.إ900.3m | 15.4x | 16.1x | 1.4x |
| Fri, 03 Mar 2023 | د.إ14.9b | د.إ10.6b | د.إ941.8m | 18.3x | 15.9x | 1.4x |
| Sun, 29 Jan 2023 | د.إ14.6b | د.إ10.3b | د.إ951.5m | 13x | 15.3x | 1.4x |
| Tue, 27 Dec 2022 | د.إ14.7b | د.إ10.3b | د.إ951.5m | 13.1x | 15.5x | 1.4x |
| Thu, 24 Nov 2022 | د.إ15.0b | د.إ10.2b | د.إ969.2m | 11.4x | 15.5x | 1.5x |
| Sat, 22 Oct 2022 | د.إ15.1b | د.إ10.2b | د.إ1.1b | 13.8x | 13.3x | 1.5x |
| Mon, 19 Sep 2022 | د.إ15.3b | د.إ10.2b | د.إ1.1b | 15.8x | 13.5x | 1.5x |
| Wed, 17 Aug 2022 | د.إ15.6b | د.إ10.4b | د.إ1.2b | 14.1x | 12.5x | 1.5x |
| Fri, 15 Jul 2022 | د.إ15.9b | د.إ10.5b | د.إ1.4b | 14.1x | 11.4x | 1.5x |
| Sun, 12 Jun 2022 | د.إ15.7b | د.إ10.5b | د.إ1.4b | 13.7x | 11.2x | 1.5x |
| Tue, 10 May 2022 | د.إ16.2b | د.إ10.4b | د.إ1.5b | 15x | 11.1x | 1.6x |
| Thu, 07 Apr 2022 | د.إ15.8b | د.إ10.4b | د.إ1.4b | 14.8x | 11x | 1.5x |
| Sat, 05 Mar 2022 | د.إ15.8b | د.إ11.0b | د.إ1.4b | 11x | 11.1x | 1.4x |
| Mon, 31 Jan 2022 | د.إ14.9b | د.إ10.6b | د.إ1.4b | 10.6x | 10.5x | 1.4x |
| Wed, 29 Dec 2021 | د.إ15.0b | د.إ10.6b | د.إ1.4b | 10.6x | 10.5x | 1.4x |
Price to Earnings Ratio
10.5x
Current Industry PE
- Investors are optimistic on the Emirian Insurance industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 16.8x which is higher than its 3-year average PE of 15.0x.
- The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.63x.
Past Earnings Growth
- The earnings for companies in the Insurance industry have declined 15% per year over the last three years.
- Meanwhile revenues for these companies have grown 31% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Emirati Financials industry?
| AE Market | 1.53% | |
| Financials | 1.31% | |
| Insurance | 0.79% | |
| General Insurance | 1.06% | |
| Insurance Brokers | 0% | |
| Reinsurance | 0% | |
| Property and Casualty Insurance | -0.14% | |
| Life and Health Insurance | -9.02% | |
Industry PE
- Investors are most optimistic about the Life and Health Insurance industry which is trading above its 3-year average PE ratio of 159x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SUKOON Sukoon Insurance PJSC | د.إ4.00 | 12.7% +د.إ207.8m | 5.3% | PE7.6x | |
| TAKAFUL-EM Takaful Emarat - Insurance (PSC) | د.إ1.14 | -34.5% د.إ195.5m | -53.5% | PS0.6x | |
| DIN Dubai Insurance Company (P.S.C.) | د.إ13.50 | 3.8% +د.إ50.0m | n/a | PE10.3x | |
| ALAIN Al Ain Ahlia Insurance Company P.S.C | د.إ30.00 | 3.4% +د.إ15.0m | -16.7% | PS0.7x | |
| SALAMA Islamic Arab Insurance (Salama) PJSC | د.إ0.40 | 0.5% +د.إ1.8m | -26.8% | PS0.3x |