Earnings Troubles May Signal Larger Issues for Emsteel Building Materials PJSC (ADX:EMSTEEL) Shareholders
Mar 19
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Emirati (ADX) Materials Sector Analysis
UpdatedApr 16, 2025
DataAggregated Company Financials
Companies11
- 7D6.5%
- 3M0.8%
- 1Y8.4%
- YTD4.6%
The Materials industry is up 6.5% in the last week, with Borouge up 4.3%. During this same period, the National Cement Company (Public Shareholding) underperformed, falling 18%. In the last 12 months, the industry was up 8.4%. Looking forward, earnings are forecast to grow by 2.3% annually.
Sector Valuation and Performance
Has the Emirati Materials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 16 Apr 2025 | د.إ124.7b | د.إ40.6b | د.إ5.6b | 17.7x | 22.4x | 3.1x |
| Fri, 14 Mar 2025 | د.إ115.5b | د.إ40.6b | د.إ5.4b | 18.5x | 21.2x | 2.8x |
| Sun, 09 Feb 2025 | د.إ124.8b | د.إ41.2b | د.إ5.5b | 18.9x | 22.7x | 3x |
| Tue, 07 Jan 2025 | د.إ120.5b | د.إ40.7b | د.إ5.3b | 18.8x | 22.6x | 3x |
| Thu, 05 Dec 2024 | د.إ122.2b | د.إ40.7b | د.إ5.3b | 19.2x | 22.9x | 3x |
| Sat, 02 Nov 2024 | د.إ124.4b | د.إ41.1b | د.إ5.7b | 17.8x | 21.8x | 3x |
| Mon, 30 Sep 2024 | د.إ122.0b | د.إ40.7b | د.إ5.7b | 17.7x | 21.4x | 3x |
| Wed, 28 Aug 2024 | د.إ115.7b | د.إ40.7b | د.إ5.7b | 18.7x | 20.3x | 2.8x |
| Fri, 26 Jul 2024 | د.إ111.6b | د.إ40.8b | د.إ5.7b | 17.5x | 19.5x | 2.7x |
| Sun, 23 Jun 2024 | د.إ108.0b | د.إ40.8b | د.إ5.7b | 17.7x | 18.9x | 2.6x |
| Tue, 21 May 2024 | د.إ113.4b | د.إ40.8b | د.إ5.6b | 18.3x | 20.1x | 2.8x |
| Thu, 18 Apr 2024 | د.إ115.7b | د.إ41.9b | د.إ5.2b | 20.1x | 22.1x | 2.8x |
| Sat, 16 Mar 2024 | د.إ115.8b | د.إ43.4b | د.إ5.6b | 20.9x | 20.8x | 2.7x |
| Mon, 12 Feb 2024 | د.إ114.0b | د.إ43.2b | د.إ5.5b | 19.2x | 20.9x | 2.6x |
| Wed, 10 Jan 2024 | د.إ118.6b | د.إ50.9b | د.إ6.7b | 18.9x | 17.7x | 2.3x |
| Fri, 08 Dec 2023 | د.إ118.4b | د.إ50.9b | د.إ6.7b | 18.9x | 17.6x | 2.3x |
| Sun, 05 Nov 2023 | د.إ122.3b | د.إ53.8b | د.إ7.6b | 18.9x | 16x | 2.3x |
| Tue, 03 Oct 2023 | د.إ128.5b | د.إ49.0b | د.إ6.3b | 21.1x | 20.6x | 2.6x |
| Thu, 31 Aug 2023 | د.إ132.0b | د.إ49.0b | د.إ6.3b | 22.1x | 21.1x | 2.7x |
| Sat, 29 Jul 2023 | د.إ134.7b | د.إ50.4b | د.إ7.4b | 20x | 18.1x | 2.7x |
| Mon, 26 Jun 2023 | د.إ125.5b | د.إ50.5b | د.إ7.5b | 18.9x | 16.7x | 2.5x |
| Wed, 24 May 2023 | د.إ124.9b | د.إ50.5b | د.إ7.5b | 20.3x | 16.6x | 2.5x |
| Fri, 21 Apr 2023 | د.إ130.7b | د.إ52.7b | د.إ9.0b | 19.4x | 14.5x | 2.5x |
| Sun, 19 Mar 2023 | د.إ129.5b | د.إ52.7b | د.إ9.1b | 19.6x | 14.3x | 2.5x |
| Tue, 14 Feb 2023 | د.إ138.9b | د.إ53.3b | د.إ9.0b | 23.9x | 15.5x | 2.6x |
| Thu, 12 Jan 2023 | د.إ138.3b | د.إ54.1b | د.إ10.3b | 22.6x | 13.4x | 2.6x |
| Sat, 10 Dec 2022 | د.إ143.3b | د.إ54.1b | د.إ10.3b | 23.3x | 13.9x | 2.6x |
| Mon, 07 Nov 2022 | د.إ150.3b | د.إ53.7b | د.إ10.4b | 20.8x | 14.4x | 2.8x |
| Wed, 05 Oct 2022 | د.إ162.2b | د.إ49.5b | د.إ9.7b | 21.9x | 16.7x | 3.3x |
| Fri, 02 Sep 2022 | د.إ164.7b | د.إ49.0b | د.إ9.8b | 20.1x | 16.8x | 3.4x |
| Sun, 31 Jul 2022 | د.إ156.3b | د.إ43.8b | د.إ8.4b | 20.4x | 18.6x | 3.6x |
| Tue, 28 Jun 2022 | د.إ158.5b | د.إ43.6b | د.إ8.3b | 19.3x | 19.1x | 3.6x |
| Thu, 26 May 2022 | د.إ67.9b | د.إ20.6b | د.إ2.9b | 25.5x | 23.3x | 3.3x |
| Sat, 23 Apr 2022 | د.إ77.1b | د.إ16.3b | د.إ1.9b | 18.2x | 41.6x | 4.7x |
Price to Earnings Ratio
41.6x
Current Industry PE
- Investors are optimistic on the Emirian Materials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 22.4x which is higher than its 3-year average PE of 19.4x.
- The industry is trading close to its 3-year average PS ratio of 2.8x.
Past Earnings Growth
- The earnings for companies in the Materials industry have grown 44% per year over the last three years.
- Revenues for these companies have grown 36% 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 Materials sector?
| AE Market | 3.49% | |
| Materials | 6.45% | |
| Basic Materials | 10.84% | |
| Chemicals | 5.37% | |
Industry PE
- Investors are most optimistic about the Basic Materials industry which is trading above its 3-year average PE ratio of 30.2x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Chemicals industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 16.0x.
Forecasted Growth
- Analysts are most optimistic on the Chemicals industry, expecting annual earnings growth of 2.3% over the next 5 years.
- This is better than its past earnings decline of 15% per year.
- In contrast, the Chemicals industry is expected to see its earnings grow by 2.3% 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 | |
|---|---|---|---|---|---|
| BOROUGE Borouge | د.إ2.65 | 4.3% +د.إ3.3b | 10.0% | PE17.7x | |
| APEX Apex Investment PSC | د.إ4.25 | 20.4% +د.إ2.6b | 133.5% | PE199.6x | |
| FERTIGLB Fertiglobe | د.إ2.34 | 9.9% +د.إ1.7b | -17.6% | PE33.1x | |
| EMSTEEL EMSTEEL Building Materials PJSC | د.إ1.05 | 2.9% +د.إ205.5m | -28.6% | PE18.3x | |
| SCIDC Sharjah Cement and Industrial Development (PJSC) | د.إ0.73 | 4.1% +د.إ17.6m | 25.9% | PE14x |