Returns On Capital Are Showing Encouraging Signs At International Holding Company PJSC (ADX:IHC)
Apr 08
Emirati (ADX) Industrials Sector Analysis
UpdatedApr 25, 2024
DataAggregated Company Financials
Companies25
- 7D-1.2%
- 3M-4.0%
- 1Y-5.1%
- YTD-4.9%
Over the last 7 days, the Industrials industry has dropped 1.2%, driven by Alpha Dhabi Holding PJSC declining 6.1%. In contrast, Bayanat AI has gained 7.2%. However, the industry is down 5.1% over the past year. As for the next few years, earnings are expected to grow by 10% per annum.
Sector Valuation and Performance
Has the Emirati Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Apr 2024 | د.إ1.2t | د.إ171.9b | د.إ47.6b | 21.4x | 26.1x | 7.2x |
| Sun, 24 Mar 2024 | د.إ1.3t | د.إ171.5b | د.إ47.7b | 26.3x | 26.5x | 7.4x |
| Tue, 20 Feb 2024 | د.إ1.2t | د.إ168.0b | د.إ31.7b | 15.7x | 38.1x | 7.2x |
| Thu, 18 Jan 2024 | د.إ1.3t | د.إ164.5b | د.إ40.8b | 16.8x | 30.9x | 7.7x |
| Sat, 16 Dec 2023 | د.إ1.3t | د.إ164.5b | د.إ40.8b | 17.6x | 30.8x | 7.6x |
| Mon, 13 Nov 2023 | د.إ1.3t | د.إ162.1b | د.إ42.3b | 14.2x | 30x | 7.8x |
| Wed, 11 Oct 2023 | د.إ1.3t | د.إ157.6b | د.إ53.1b | 15.3x | 24x | 8.1x |
| Fri, 08 Sep 2023 | د.إ1.3t | د.إ157.6b | د.إ53.1b | 15.2x | 24.2x | 8.2x |
| Sun, 06 Aug 2023 | د.إ1.3t | د.إ156.5b | د.إ52.9b | 14.9x | 23.9x | 8.1x |
| Tue, 04 Jul 2023 | د.إ1.3t | د.إ152.4b | د.إ54.0b | 14.1x | 23.3x | 8.3x |
| Thu, 01 Jun 2023 | د.إ1.2t | د.إ152.6b | د.إ54.0b | 13x | 22.9x | 8.1x |
| Sat, 29 Apr 2023 | د.إ1.3t | د.إ139.6b | د.إ48.3b | 16.9x | 26.3x | 9.1x |
| Mon, 27 Mar 2023 | د.إ1.3t | د.إ139.4b | د.إ48.2b | 16.9x | 26.4x | 9.1x |
| Wed, 22 Feb 2023 | د.إ1.3t | د.إ125.0b | د.إ48.2b | 22.3x | 26.4x | 10.2x |
| Fri, 20 Jan 2023 | د.إ1.3t | د.إ121.0b | د.إ41.2b | 20.9x | 32.4x | 11x |
| Sun, 18 Dec 2022 | د.إ1.4t | د.إ121.0b | د.إ41.2b | 16.6x | 33x | 11.2x |
| Tue, 15 Nov 2022 | د.إ1.2t | د.إ119.5b | د.إ40.9b | 15x | 29x | 9.9x |
| Thu, 13 Oct 2022 | د.إ1.1t | د.إ109.7b | د.إ26.4b | 16.9x | 39.9x | 9.6x |
| Sat, 10 Sep 2022 | د.إ1.1t | د.إ111.7b | د.إ26.9b | 16.4x | 39.4x | 9.5x |
| Mon, 08 Aug 2022 | د.إ982.5b | د.إ106.8b | د.إ24.8b | 19.7x | 39.6x | 9.2x |
| Wed, 06 Jul 2022 | د.إ926.8b | د.إ101.7b | د.إ20.3b | 22.1x | 45.7x | 9.1x |
| Fri, 03 Jun 2022 | د.إ913.6b | د.إ101.5b | د.إ20.3b | 22.8x | 45x | 9x |
| Sun, 01 May 2022 | د.إ425.3b | د.إ56.4b | د.إ10.4b | 23x | 41x | 7.5x |
| Tue, 29 Mar 2022 | د.إ394.1b | د.إ55.8b | د.إ10.1b | 18.4x | 39.2x | 7.1x |
| Thu, 24 Feb 2022 | د.إ397.7b | د.إ41.0b | د.إ7.1b | 17.8x | 55.9x | 9.7x |
| Sat, 22 Jan 2022 | د.إ358.5b | د.إ34.0b | د.إ5.1b | 28.4x | 69.7x | 10.5x |
| Mon, 20 Dec 2021 | د.إ350.0b | د.إ34.0b | د.إ5.2b | 28x | 67.5x | 10.3x |
| Wed, 17 Nov 2021 | د.إ321.5b | د.إ34.0b | د.إ5.2b | 26.6x | 62.3x | 9.5x |
| Fri, 15 Oct 2021 | د.إ346.6b | د.إ32.1b | د.إ2.7b | 31.3x | 130.6x | 10.8x |
| Sun, 12 Sep 2021 | د.إ342.6b | د.إ28.4b | د.إ2.5b | 17.4x | 134.6x | 12.1x |
| Tue, 10 Aug 2021 | د.إ337.5b | د.إ27.8b | د.إ2.1b | 14x | 159.2x | 12.1x |
| Mon, 03 May 2021 | د.إ38.8b | د.إ24.5b | د.إ1.2b | 11.7x | 32.2x | 1.6x |
Price to Earnings Ratio
32.2x
Current Industry PE
- Investors are pessimistic on the Emirian Industrials 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 26.1x which is lower than its 3-year average PE of 46.9x.
- The 3-year average PS ratio of 8.7x is higher than the industry's current PS ratio of 7.2x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have grown 241% per year over the last three years.
- Revenues for these companies have grown 91% 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 Industrials sector?
| AE Market | -1.50% | |
| Industrials | -1.17% | |
| Marine and Shipping | 15.44% | |
| Professional Services | 2.80% | |
| Logistics | 2.78% | |
| Building | 1.50% | |
| Airlines | 1.13% | |
| Electrical | 0% | |
| Machinery | 0% | |
| Trade Distributors | 0% | |
| Industrials | -1.16% | |
| Infrastructure | -2.64% | |
| Commercial Services | -2.70% | |
| Construction | -2.76% | |
| Transportation | -3.13% | |
| Aerospace & Defense | -7.36% | |
Industry PE
- Investors are most optimistic about the Marine and Shipping industry which is trading above its 3-year average PE ratio of 23.4x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Logistics industry, expecting annual earnings growth of 21% over the next 5 years.
- This is better than its past earnings growth rate of 0.1% per year.
- In contrast, the Industrials industry is expected to see its earnings decline by 8.4% per year 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 | |
|---|---|---|---|---|---|
| BAYANAT Bayanat AI | د.إ2.84 | 7.2% +د.إ488.6m | -29.9% | PE31.4x | |
| GULFNAV Gulf Navigation Holding PJSC | د.إ7.42 | 7.7% +د.إ436.5m | 206.6% | PE287.3x | |
| IHC International Holding Company PJSC | د.إ399.60 | 0.03% +د.إ219.4m | 1.1% | PE31.8x | |
| E7 E7 Group PJSC | د.إ11.34 | 0.9% +د.إ20.0m | n/a | PS3.6x |
