Dubai Electricity and Water Authority (PJSC) (DFM:DEWA) Just Released Its Third-Quarter Results And Analysts Are Updating Their Estimates
Nov 15
Have your own idea? Try our Stock Screener
Emirati (ADX) Utilities Sector Analysis
UpdatedNov 30, 2024
DataAggregated Company Financials
Companies4
- 7D4.0%
- 3M13.1%
- 1Y-4.7%
- YTD-7.0%
Abu Dhabi National Energy Company PJSC is up 2.5%, leading the way for the Utilities industry, which has gained 3.3%. However, the industry is down 6.4% over the past year. Earnings are forecast to grow by 10% annually.
Sector Valuation and Performance
Has the Emirati Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 30 Nov 2024 | د.إ485.7b | د.إ90.3b | د.إ16.2b | 19.3x | 29.9x | 5.4x |
| Mon, 28 Oct 2024 | د.إ468.7b | د.إ87.9b | د.إ16.2b | 23.1x | 28.9x | 5.3x |
| Wed, 25 Sep 2024 | د.إ467.8b | د.إ87.9b | د.إ16.2b | 22.8x | 28.8x | 5.3x |
| Fri, 23 Aug 2024 | د.إ439.4b | د.إ87.9b | د.إ16.2b | 22.6x | 27.1x | 5x |
| Sun, 21 Jul 2024 | د.إ450.5b | د.إ87.4b | د.إ16.0b | 22.6x | 28.1x | 5.2x |
| Tue, 18 Jun 2024 | د.إ451.7b | د.إ87.4b | د.إ16.0b | 22.1x | 28.2x | 5.2x |
| Thu, 16 May 2024 | د.إ465.1b | د.إ86.8b | د.إ25.6b | 17.5x | 18.2x | 5.4x |
| Sat, 13 Apr 2024 | د.إ481.7b | د.إ86.3b | د.إ25.7b | 18.5x | 18.7x | 5.6x |
| Mon, 11 Mar 2024 | د.إ493.8b | د.إ86.3b | د.إ25.7b | 19x | 19.2x | 5.7x |
| Wed, 07 Feb 2024 | د.إ504.2b | د.إ84.3b | د.إ25.2b | 18.7x | 20x | 6x |
| Fri, 05 Jan 2024 | د.إ521.8b | د.إ84.3b | د.إ25.2b | 19.6x | 20.7x | 6.2x |
| Sun, 03 Dec 2023 | د.إ509.8b | د.إ84.3b | د.إ25.2b | 19.3x | 20.2x | 6x |
| Tue, 31 Oct 2023 | د.إ481.5b | د.إ84.5b | د.إ26.0b | 17.2x | 18.5x | 5.7x |
| Thu, 28 Sep 2023 | د.إ559.1b | د.إ84.5b | د.إ26.0b | 18.6x | 21.5x | 6.6x |
| Sat, 26 Aug 2023 | د.إ539.0b | د.إ84.5b | د.إ26.0b | 18.2x | 20.8x | 6.4x |
| Mon, 24 Jul 2023 | د.إ532.2b | د.إ83.5b | د.إ26.9b | 18.3x | 19.8x | 6.4x |
| Wed, 21 Jun 2023 | د.إ523.6b | د.إ83.5b | د.إ26.9b | 17.4x | 19.5x | 6.3x |
| Fri, 19 May 2023 | د.إ499.8b | د.إ83.5b | د.إ26.9b | 16.8x | 18.6x | 6x |
| Sun, 16 Apr 2023 | د.إ507.2b | د.إ82.3b | د.إ17.1b | 16.5x | 29.6x | 6.2x |
| Tue, 14 Mar 2023 | د.إ520.8b | د.إ81.5b | د.إ16.7b | 15.9x | 31.1x | 6.4x |
| Thu, 09 Feb 2023 | د.إ501.2b | د.إ81.7b | د.إ16.9b | 15.8x | 29.6x | 6.1x |
| Sat, 07 Jan 2023 | د.إ541.5b | د.إ81.7b | د.إ16.9b | 14.8x | 32x | 6.6x |
| Mon, 05 Dec 2022 | د.إ531.0b | د.إ81.7b | د.إ16.9b | 15.1x | 31.4x | 6.5x |
| Wed, 02 Nov 2022 | د.إ546.6b | د.إ76.4b | د.إ14.9b | 17.6x | 36.6x | 7.2x |
| Fri, 30 Sep 2022 | د.إ401.0b | د.إ74.3b | د.إ14.4b | 27.6x | 27.9x | 5.4x |
| Sun, 28 Aug 2022 | د.إ270.5b | د.إ74.3b | د.إ14.4b | 18.8x | 18.8x | 3.6x |
| Tue, 26 Jul 2022 | د.إ263.7b | د.إ72.3b | د.إ12.8b | 20.6x | 20.6x | 3.6x |
| Thu, 23 Jun 2022 | د.إ267.0b | د.إ72.3b | د.إ12.8b | 20.8x | 20.9x | 3.7x |
| Sat, 21 May 2022 | د.إ275.7b | د.إ72.3b | د.إ12.8b | 21.5x | 21.5x | 3.8x |
| Mon, 18 Apr 2022 | د.إ304.8b | د.إ69.5b | د.إ12.1b | 25.2x | 25.2x | 4.4x |
| Wed, 16 Mar 2022 | د.إ138.3b | د.إ45.7b | د.إ6.0b | 23.2x | 23.2x | 3x |
| Fri, 11 Feb 2022 | د.إ141.7b | د.إ44.6b | د.إ5.9b | 24.2x | 24.2x | 3.2x |
| Sun, 09 Jan 2022 | د.إ145.0b | د.إ44.6b | د.إ5.9b | 24.8x | 24.8x | 3.3x |
| Tue, 07 Dec 2021 | د.إ154.0b | د.إ44.6b | د.إ5.9b | 26.3x | 26.3x | 3.5x |
Price to Earnings Ratio
26.3x
Current Industry PE
- Investors are optimistic on the Emirian Utilities industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 29.9x which is higher than its 3-year average PE of 24.6x.
- The industry is trading close to its 3-year average PS ratio of 5.3x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have grown 40% per year over the last three years.
- Revenues for these companies have grown 27% 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 Utilities sector?
| AE Market | 0.90% | |
| Utilities | 3.98% | |
| Water Utilities | 4.33% | |
| Other Utilities | 3.96% | |
| Electric Utilities | 0% | |
| Gas Utilities | 0% | |
| Renewable Energy | 0% | |
Industry PE
- Investors are most optimistic about the Other Utilities industry which is trading above its 3-year average PE ratio of 25.1x.
- Analysts are expecting annual earnings growth of 10.4%, which is higher than its past year's earnings decline of 28.8% per year.
- Investors are most pessimistic about the Water Utilities industry, which is trading close to its 3-year average of 17.3x.
Forecasted Growth
- Analysts are most optimistic on the Other Utilities industry, expecting annual earnings growth of 10% over the next 5 years.
- This is better than its past earnings decline of 29% per year.
- In contrast, the Water Utilities industry is expected to see its earnings grow by 7.2% 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 | |
|---|---|---|---|---|---|
| TAQA Abu Dhabi National Energy Company PJSC | د.إ2.91 | 2.8% +د.إ9.0b | -8.2% | PE42.7x | |
| DEWA Dubai Electricity and Water Authority (PJSC) | د.إ2.64 | 6.9% +د.إ8.5b | 4.3% | PE18.7x | |
| EMPOWER Emirates Central Cooling Systems | د.إ1.83 | 7.6% +د.إ1.3b | 9.6% | PE19.9x |
