Emirates Integrated Telecommunications Company PJSC (DFM:DU) Second-Quarter Results: Here's What Analysts Are Forecasting For This Year
Jul 26
Emirati (ADX) Telecom Sector Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies5
- 7D4.4%
- 3M1.4%
- 1Y-19.1%
- YTD-10.1%
In the last week, the Telecom industry is up 4.4%, with Emirates Telecommunications Group Company PJSC up 5.7%. However, the industry is down 19% over the past year. Looking forward, earnings are forecast to grow by 4.9% annually.
Sector Valuation and Performance
Has the Emirati Telecom Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | د.إ183.5b | د.إ72.8b | د.إ13.1b | 13.3x | 14.1x | 2.5x |
| Sun, 23 Jun 2024 | د.إ171.3b | د.إ72.4b | د.إ12.9b | 13.5x | 13.3x | 2.4x |
| Tue, 21 May 2024 | د.إ173.9b | د.إ72.4b | د.إ12.9b | 13.4x | 13.5x | 2.4x |
| Thu, 18 Apr 2024 | د.إ187.3b | د.إ71.1b | د.إ12.6b | 14.8x | 14.9x | 2.6x |
| Sat, 16 Mar 2024 | د.إ193.9b | د.إ71.3b | د.إ12.4b | 15.8x | 15.6x | 2.7x |
| Mon, 12 Feb 2024 | د.إ195.7b | د.إ70.4b | د.إ12.3b | 16.1x | 15.9x | 2.8x |
| Wed, 10 Jan 2024 | د.إ204.6b | د.إ70.2b | د.إ12.4b | 16x | 16.6x | 2.9x |
| Fri, 08 Dec 2023 | د.إ199.5b | د.إ70.2b | د.إ12.4b | 15.6x | 16.1x | 2.8x |
| Sun, 05 Nov 2023 | د.إ202.4b | د.إ70.3b | د.إ12.5b | 15.6x | 16.2x | 2.9x |
| Tue, 03 Oct 2023 | د.إ210.6b | د.إ69.5b | د.إ11.8b | 17.6x | 17.9x | 3x |
| Thu, 31 Aug 2023 | د.إ205.3b | د.إ69.5b | د.إ11.8b | 17.2x | 17.4x | 3x |
| Sat, 29 Jul 2023 | د.إ228.3b | د.إ68.9b | د.إ11.7b | 18.2x | 19.5x | 3.3x |
| Mon, 26 Jun 2023 | د.إ226.5b | د.إ68.6b | د.إ11.6b | 18.8x | 19.5x | 3.3x |
| Wed, 24 May 2023 | د.إ230.8b | د.إ68.6b | د.إ11.6b | 17.8x | 19.8x | 3.4x |
| Fri, 21 Apr 2023 | د.إ234.2b | د.إ68.6b | د.إ11.8b | 18.6x | 19.9x | 3.4x |
| Sun, 19 Mar 2023 | د.إ229.1b | د.إ68.5b | د.إ11.9b | 18.6x | 19.3x | 3.3x |
| Tue, 14 Feb 2023 | د.إ269.1b | د.إ68.7b | د.إ11.4b | 19.1x | 23.7x | 3.9x |
| Thu, 12 Jan 2023 | د.إ244.2b | د.إ68.7b | د.إ11.4b | 20.2x | 21.5x | 3.6x |
| Sat, 10 Dec 2022 | د.إ240.1b | د.إ68.7b | د.إ11.4b | 20.5x | 21.1x | 3.5x |
| Mon, 07 Nov 2022 | د.إ252.2b | د.إ68.5b | د.إ11.4b | 20.6x | 22.1x | 3.7x |
| Wed, 05 Oct 2022 | د.إ246.0b | د.إ68.5b | د.إ11.3b | 20.9x | 21.8x | 3.6x |
| Fri, 02 Sep 2022 | د.إ254.8b | د.إ68.5b | د.إ11.3b | 21.3x | 22.5x | 3.7x |
| Sun, 31 Jul 2022 | د.إ278.8b | د.إ68.5b | د.إ11.1b | 22.8x | 25.2x | 4.1x |
| Tue, 28 Jun 2022 | د.إ269.5b | د.إ68.2b | د.إ11.0b | 22.8x | 24.5x | 4x |
| Thu, 26 May 2022 | د.إ287.7b | د.إ68.2b | د.إ11.0b | 23.2x | 26.2x | 4.2x |
| Sat, 23 Apr 2022 | د.إ347.0b | د.إ67.8b | د.إ10.8b | 26.3x | 32x | 5.1x |
| Mon, 21 Mar 2022 | د.إ347.9b | د.إ67.9b | د.إ10.7b | 27.5x | 32.5x | 5.1x |
| Wed, 16 Feb 2022 | د.إ325.3b | د.إ67.3b | د.إ10.6b | 28x | 30.8x | 4.8x |
| Fri, 14 Jan 2022 | د.إ298.5b | د.إ67.0b | د.إ10.3b | 28.8x | 29x | 4.5x |
| Sun, 12 Dec 2021 | د.إ345.5b | د.إ67.0b | د.إ10.3b | 31.7x | 33.6x | 5.2x |
| Tue, 09 Nov 2021 | د.إ272.8b | د.إ67.0b | د.إ10.3b | 26x | 26.6x | 4.1x |
| Thu, 07 Oct 2021 | د.إ250.6b | د.إ66.5b | د.إ10.8b | 24.4x | 23.3x | 3.8x |
| Sat, 04 Sep 2021 | د.إ242.7b | د.إ66.5b | د.إ10.8b | 23.8x | 22.5x | 3.6x |
| Mon, 02 Aug 2021 | د.إ247.7b | د.إ66.5b | د.إ10.8b | 22.4x | 23x | 3.7x |
Price to Earnings Ratio
23x
Current Industry PE
- Investors are pessimistic on the Emirian Communication Services 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 14.1x which is lower than its 3-year average PE of 21.7x.
- The 3-year average PS ratio of 3.6x is higher than the industry's current PS ratio of 2.5x.
Past Earnings Growth
- The earnings for companies in the Communication Services industry have grown 6.6% per year over the last three years.
- Revenues for these companies have grown 3.1% 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 Telecom sector?
| AE Market | 0.69% | |
| Telecom | 4.35% | |
| Telecom Services and Carriers | 4.41% | |
| Interactive Media and Services | 0% | |
| Media | 0% | |
| Wireless Telecom | 0% | |
| Entertainment | -1.96% | |
Industry PE
- Investors are most optimistic about the Telecom Services and Carriers industry even though it's trading below its 3-year average PE ratio of 21.7x.
- Analysts are expecting annual earnings growth of 4.9%, which is lower than the prior year's growth of 51.8% per year.
- Investors are most pessimistic about the Entertainment industry, which is trading below its 3-year average of 16.5x.
Forecasted Growth
- Analysts are most optimistic on the Telecom Services and Carriers industry, expecting annual earnings growth of 4.9% over the next 5 years.
- In contrast, the Telecom Services and Carriers industry is expected to see its earnings grow by 4.9% 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 | |
|---|---|---|---|---|---|
| EAND Emirates Telecommunications Group Company PJSC | د.إ17.20 | 5.7% +د.إ8.0b | -23.2% | PE14.3x | |
| DU Emirates Integrated Telecommunications Company PJSC | د.إ6.17 | 3.4% +د.إ906.6m | 11.8% | PE13.4x | |
| PALMS Palms Sports PJSC | د.إ10.04 | 1.3% +د.إ19.5m | -1.6% | PE13.3x |
