Narrative Update • Jun 07
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Emirati (ADX) Industrials Sector Analysis
UpdatedJun 16, 2026
DataAggregated Company Financials
Companies27
- 7D0.9%
- 3M1.7%
- 1Y-4.4%
- YTD-4.6%
The Industrials is pretty flat in the last 7 days, but Air Arabia PJSC has stood out, gaining 9.4%. Unfortunately though, the industry is down 4.6% over the past 12 months. In the next few years, earnings are forecast to decline by 6.0% annually.
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 |
|---|---|---|---|---|---|---|
| Tue, 16 Jun 2026 | د.إ1.2t | د.إ377.1b | د.إ56.9b | 13.4x | 21.1x | 3.2x |
| Thu, 14 May 2026 | د.إ1.2t | د.إ373.8b | د.إ56.8b | 13.9x | 21x | 3.2x |
| Sat, 11 Apr 2026 | د.إ1.2t | د.إ352.2b | د.إ48.7b | 12.4x | 24.4x | 3.4x |
| Mon, 09 Mar 2026 | د.إ1.2t | د.إ348.7b | د.إ48.1b | 12.2x | 25.1x | 3.5x |
| Wed, 04 Feb 2026 | د.إ1.3t | د.إ337.7b | د.إ43.8b | 14.5x | 28.9x | 3.7x |
| Fri, 02 Jan 2026 | د.إ1.3t | د.إ337.5b | د.إ43.9b | 15.3x | 28.6x | 3.7x |
| Sun, 30 Nov 2025 | د.إ1.2t | د.إ337.5b | د.إ43.9b | 14.2x | 28.3x | 3.7x |
| Tue, 28 Oct 2025 | د.إ1.3t | د.إ318.1b | د.إ41.5b | 14x | 30.5x | 4x |
| Thu, 25 Sep 2025 | د.إ1.3t | د.إ307.4b | د.إ40.8b | 13.8x | 30.8x | 4.1x |
| Sat, 23 Aug 2025 | د.إ1.3t | د.إ297.0b | د.إ40.3b | 16.7x | 31.8x | 4.3x |
| Mon, 21 Jul 2025 | د.إ1.3t | د.إ282.2b | د.إ46.5b | 14x | 27.4x | 4.5x |
| Wed, 18 Jun 2025 | د.إ1.2t | د.إ282.2b | د.إ46.5b | 12.6x | 26.6x | 4.4x |
| Fri, 16 May 2025 | د.إ1.2t | د.إ281.9b | د.إ46.5b | 12x | 26.7x | 4.4x |
| Sun, 13 Apr 2025 | د.إ1.2t | د.إ267.5b | د.إ47.8b | 12.3x | 25.4x | 4.5x |
| Tue, 11 Mar 2025 | د.إ1.2t | د.إ266.8b | د.إ47.5b | 12.5x | 25.6x | 4.6x |
| Thu, 06 Feb 2025 | د.إ1.2t | د.إ232.1b | د.إ54.3b | 17.1x | 22.2x | 5.2x |
| Sat, 04 Jan 2025 | د.إ1.2t | د.إ231.8b | د.إ51.6b | 17x | 23.5x | 5.2x |
| Mon, 02 Dec 2024 | د.إ1.2t | د.إ230.9b | د.إ51.2b | 13.6x | 23.4x | 5.2x |
| Wed, 30 Oct 2024 | د.إ1.2t | د.إ216.3b | د.إ50.0b | 19.2x | 24.8x | 5.7x |
| Fri, 27 Sep 2024 | د.إ1.3t | د.إ218.1b | د.إ50.1b | 19.7x | 25.7x | 5.9x |
| Sun, 25 Aug 2024 | د.إ1.3t | د.إ202.8b | د.إ49.6b | 19x | 25.4x | 6.2x |
| Tue, 23 Jul 2024 | د.إ1.3t | د.إ179.2b | د.إ41.9b | 22.3x | 29.9x | 7x |
| Thu, 20 Jun 2024 | د.إ1.2t | د.إ179.2b | د.إ41.9b | 20.2x | 29.7x | 6.9x |
| Sat, 18 May 2024 | د.إ1.2t | د.إ179.1b | د.إ42.0b | 19.2x | 29.7x | 7x |
| Mon, 15 Apr 2024 | د.إ1.3t | د.إ171.9b | د.إ47.6b | 21.5x | 26.4x | 7.3x |
| Wed, 13 Mar 2024 | د.إ1.2t | د.إ170.9b | د.إ47.4b | 23.9x | 26.3x | 7.3x |
| Fri, 09 Feb 2024 | د.إ1.2t | د.إ164.8b | د.إ31.5b | 20.2x | 38.7x | 7.4x |
| Sun, 07 Jan 2024 | د.إ1.3t | د.إ164.5b | د.إ40.8b | 16.7x | 31.1x | 7.7x |
| Tue, 05 Dec 2023 | د.إ1.2t | د.إ162.6b | د.إ40.4b | 18.7x | 30.7x | 7.6x |
| Thu, 02 Nov 2023 | د.إ1.3t | د.إ159.5b | د.إ44.3b | 14.1x | 28.4x | 7.9x |
| Sat, 30 Sep 2023 | د.إ1.3t | د.إ157.6b | د.إ53.1b | 15.5x | 24.2x | 8.2x |
| Mon, 28 Aug 2023 | د.إ1.3t | د.إ157.8b | د.إ53.1b | 14.9x | 24.2x | 8.1x |
| Wed, 26 Jul 2023 | د.إ1.3t | د.إ152.5b | د.إ52.4b | 16.7x | 23.9x | 8.2x |
| Fri, 23 Jun 2023 | د.إ1.2t | د.إ152.4b | د.إ54.0b | 13.6x | 22.8x | 8.1x |
Price to Earnings Ratio
22.8x
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 21.1x which is lower than its 3-year average PE of 26.8x.
- The 3-year average PS ratio of 5.6x is higher than the industry's current PS ratio of 3.2x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 35% 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 and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Emirati Industrials sector?
| AE Market | 2.56% | |
| Industrials | 0.88% | |
| Airlines | 9.36% | |
| Logistics | 4.73% | |
| Construction | 4.54% | |
| Transportation | 3.56% | |
| Aerospace & Defense | 2.94% | |
| Infrastructure | 2.16% | |
| Commercial Services | 0.66% | |
| Industrials | 0.39% | |
| Building | 0% | 0 |
| Machinery | 0% | 0 |
| Professional Services | 0% | 0 |
| Marine and Shipping | 0% | 0 |
Industry PE
- Investors are most optimistic about the Industrials industry even though it's trading below its 3-year average PE ratio of 29.8x.
- Analysts are expecting annual earnings decline of 32.7%, which is lower than the prior year's growth of 46.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Transportation industry, expecting annual earnings growth of 14% over the next 5 years.
- However this is lower than its past earnings growth rate of 35% per year.
- In contrast, the Industrials industry is expected to see its earnings decline by 33% 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 | |
|---|---|---|---|---|---|
| IHC International Holding Company PJSC | د.إ389.80 | 1.2% +د.إ9.8b | -2.8% | PE35.2x | |
| ALPHADHABI Alpha Dhabi Holding PJSC | د.إ8.15 | 11.3% +د.إ8.3b | -28.5% | PE8.4x | |
| AIRARABIA Air Arabia PJSC | د.إ5.39 | 14.7% +د.إ3.2b | 66.9% | PE16x | |
| MODON Modon Holding PSC | د.إ3.10 | 4.4% +د.إ2.1b | 3.3% | PE18.3x | |
| ADPORTS Abu Dhabi Ports Company PJSC | د.إ4.66 | 5.4% +د.إ1.2b | 24.9% | PE13.8x |