Emirati (ADX) Real Estate Sector Analysis
UpdatedDec 04, 2023
DataAggregated Company Financials
Companies14
- 7D2.3%
- 3M4.3%
- 1Y24.5%
- YTD27.6%
The Real Estate industry is up 2.3% in the last week, with Emaar Properties PJSC up 6.6%. This takes the industry's 12 month performance to a gain of 25%. As for the next few years, earnings are expected to grow by 1.4% per annum.
Sector Valuation and Performance
Has the Emirati Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 04 Dec 2023 | د.إ170.0b | د.إ51.7b | د.إ19.2b | 13.9x | 8.9x | 3.3x |
| Wed, 01 Nov 2023 | د.إ156.0b | د.إ49.8b | د.إ16.6b | 10x | 9.4x | 3.1x |
| Fri, 29 Sep 2023 | د.إ177.3b | د.إ49.1b | د.إ16.2b | 11.6x | 10.9x | 3.6x |
| Sun, 27 Aug 2023 | د.إ161.8b | د.إ49.1b | د.إ16.2b | 10.8x | 10x | 3.3x |
| Tue, 25 Jul 2023 | د.إ158.4b | د.إ50.8b | د.إ16.1b | 11.4x | 9.9x | 3.1x |
| Thu, 22 Jun 2023 | د.إ151.3b | د.إ50.8b | د.إ16.1b | 12.2x | 9.4x | 3x |
| Sat, 20 May 2023 | د.إ144.8b | د.إ50.6b | د.إ16.1b | 13.9x | 9x | 2.9x |
| Mon, 17 Apr 2023 | د.إ145.8b | د.إ51.6b | د.إ15.0b | 14.5x | 9.7x | 2.8x |
| Wed, 15 Mar 2023 | د.إ130.0b | د.إ51.6b | د.إ15.0b | 10.9x | 8.7x | 2.5x |
| Fri, 10 Feb 2023 | د.إ135.9b | د.إ55.3b | د.إ14.0b | 13.6x | 9.7x | 2.5x |
| Sun, 08 Jan 2023 | د.إ131.5b | د.إ55.1b | د.إ13.9b | 10x | 9.5x | 2.4x |
| Tue, 06 Dec 2022 | د.إ132.3b | د.إ55.1b | د.إ13.7b | 10.2x | 9.6x | 2.4x |
| Thu, 03 Nov 2022 | د.إ129.1b | د.إ56.5b | د.إ12.3b | 13.1x | 10.5x | 2.3x |
| Sat, 01 Oct 2022 | د.إ126.0b | د.إ55.8b | د.إ12.3b | 13.1x | 10.2x | 2.3x |
| Mon, 29 Aug 2022 | د.إ138.8b | د.إ55.8b | د.إ12.3b | 14.6x | 11.3x | 2.5x |
| Wed, 27 Jul 2022 | د.إ125.6b | د.إ55.1b | د.إ10.5b | 11.8x | 12x | 2.3x |
| Fri, 24 Jun 2022 | د.إ109.0b | د.إ55.1b | د.إ10.5b | 10.9x | 10.4x | 2x |
| Sun, 22 May 2022 | د.إ134.2b | د.إ58.0b | د.إ9.8b | 16.9x | 13.8x | 2.3x |
| Tue, 19 Apr 2022 | د.إ134.8b | د.إ56.9b | د.إ7.8b | 15.2x | 17.2x | 2.4x |
| Thu, 17 Mar 2022 | د.إ156.0b | د.إ61.7b | د.إ9.8b | 15.4x | 15.9x | 2.5x |
| Sat, 12 Feb 2022 | د.إ150.7b | د.إ59.4b | د.إ8.3b | 13.5x | 18.2x | 2.5x |
| Mon, 10 Jan 2022 | د.إ151.3b | د.إ59.6b | د.إ8.2b | 13.7x | 18.3x | 2.5x |
| Wed, 08 Dec 2021 | د.إ150.5b | د.إ59.6b | د.إ8.2b | 13.4x | 18.2x | 2.5x |
| Fri, 05 Nov 2021 | د.إ138.9b | د.إ55.1b | د.إ7.0b | 13.8x | 19.9x | 2.5x |
| Sun, 03 Oct 2021 | د.إ124.0b | د.إ55.0b | د.إ6.9b | 11.8x | 18x | 2.3x |
| Tue, 31 Aug 2021 | د.إ126.7b | د.إ55.0b | د.إ6.8b | 12.1x | 18.7x | 2.3x |
| Wed, 07 Jul 2021 | د.إ121.9b | د.إ55.0b | د.إ6.8b | 12x | 18x | 2.2x |
| Sat, 10 Apr 2021 | د.إ106.7b | د.إ48.9b | د.إ6.0b | 9.5x | 17.9x | 2.2x |
| Fri, 01 Jan 2021 | د.إ105.2b | د.إ47.7b | د.إ5.4b | 9.7x | 19.5x | 2.2x |
Price to Earnings Ratio
13.2x
Current Industry PE
- Investors are pessimistic on the Emirian Real Estate 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 8.9x which is lower than its 3-year average PE of 14.0x.
- The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 3.3x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 36% per year over the last three years.
- Revenues for these companies have grown 2.2% 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 Real Estate sector?
| AE Market | -0.42% | |
| Real Estate | 2.27% | |
| Real Estate | 2.27% | |
| REITS | 0% | |
| Specialized REITs | 0% | |
| Residential REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Industrial REITs | 0% | |
| Health Care REITs | 0% | |
| Retail REITs | 0% | |
| Office REITs | 0% | |
Industry PE
- Investors are most optimistic about the Real Estate industry even though it's trading below its 3-year average PE ratio of 13.7x.
- Analysts are expecting annual earnings growth of 1.4%, which is lower than the prior year's growth of 32.3% per year.
- Investors are most pessimistic about the REITS industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 0.63x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 1.4% over the next 5 years.
- In contrast, the Real Estate 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 | |
|---|---|---|---|---|---|
| EMAAR Emaar Properties PJSC | د.إ7.55 | 6.6% +د.إ4.2b | 24.2% | PE7.2x | |
| EMAARDEV Emaar Development PJSC | د.إ6.82 | 0.6% +د.إ160.0m | 63.2% | PE5.4x | |
| DEYAAR Deyaar Development PJSC | د.إ0.66 | 3.0% +د.إ83.1m | 30.1% | PE10.4x | |
| KICO Al Khaleej Investment P.J.S.C | د.إ1.60 | 11.9% +د.إ17.9m | 28.0% | PE17.8x | |
| ESHRAQ Eshraq Investments PJSC | د.إ0.44 | 0.5% +د.إ5.4m | -9.7% | PE44x |