Emirates Central Cooling Systems Corporation's (DFM:EMPOWER) Share Price Not Quite Adding Up
Dec 25
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Emirati (ADX) Utilities Sector Analysis
UpdatedJan 05, 2025
DataAggregated Company Financials
Companies4
- 7D1.6%
- 3M12.2%
- 1Y1.3%
- YTD-0.3%
Over the last 7 days, the Utilities industry has risen 1.6%, driven by gains in Abu Dhabi National Energy Company PJSC and Dubai Electricity and Water Authority (PJSC) of 1.3% and 2.9%, respectively. The industry has been flat over the past 12 months despite the gain this week. Looking forward, 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 |
|---|---|---|---|---|---|---|
| Mon, 06 Jan 2025 | د.إ526.1b | د.إ90.3b | د.إ16.2b | 20x | 32.4x | 5.8x |
| Wed, 04 Dec 2024 | د.إ485.7b | د.إ90.3b | د.إ16.2b | 19.3x | 29.9x | 5.4x |
| Fri, 01 Nov 2024 | د.إ470.2b | د.إ87.9b | د.إ16.2b | 23.4x | 29x | 5.3x |
| Sun, 29 Sep 2024 | د.إ478.2b | د.إ87.9b | د.إ16.2b | 22.9x | 29.5x | 5.4x |
| Tue, 27 Aug 2024 | د.إ435.5b | د.إ87.9b | د.إ16.2b | 22.7x | 26.8x | 5x |
| Thu, 25 Jul 2024 | د.إ453.9b | د.إ87.4b | د.إ16.0b | 22.9x | 28.3x | 5.2x |
| Sat, 22 Jun 2024 | د.إ441.8b | د.إ87.4b | د.إ16.0b | 22.7x | 27.6x | 5.1x |
| Mon, 20 May 2024 | د.إ466.0b | د.إ87.4b | د.إ16.0b | 23.4x | 29.1x | 5.3x |
| Wed, 17 Apr 2024 | د.إ487.6b | د.إ86.3b | د.إ25.7b | 18.4x | 19x | 5.6x |
| Fri, 15 Mar 2024 | د.إ505.9b | د.إ86.3b | د.إ25.7b | 19.2x | 19.7x | 5.9x |
| Sun, 11 Feb 2024 | د.إ502.6b | د.إ84.3b | د.إ25.2b | 18.7x | 19.9x | 6x |
| Tue, 09 Jan 2024 | د.إ517.4b | د.إ84.3b | د.إ25.2b | 19.4x | 20.5x | 6.1x |
| Thu, 07 Dec 2023 | د.إ509.8b | د.إ84.3b | د.إ25.2b | 19x | 20.2x | 6x |
| Sat, 04 Nov 2023 | د.إ507.1b | د.إ84.5b | د.إ26.0b | 17.6x | 19.5x | 6x |
| Mon, 02 Oct 2023 | د.إ550.7b | د.إ84.5b | د.إ26.0b | 18.6x | 21.2x | 6.5x |
| Wed, 30 Aug 2023 | د.إ538.6b | د.إ84.5b | د.إ26.0b | 18.4x | 20.7x | 6.4x |
| Fri, 28 Jul 2023 | د.إ523.6b | د.إ83.5b | د.إ26.9b | 18x | 19.5x | 6.3x |
| Sun, 25 Jun 2023 | د.إ526.6b | د.إ83.5b | د.إ26.9b | 17.7x | 19.6x | 6.3x |
| Tue, 23 May 2023 | د.إ499.7b | د.إ83.5b | د.إ26.9b | 17x | 18.6x | 6x |
| Thu, 20 Apr 2023 | د.إ502.5b | د.إ82.3b | د.إ17.1b | 16.1x | 29.4x | 6.1x |
| Sat, 18 Mar 2023 | د.إ515.8b | د.إ82.3b | د.إ17.1b | 15.8x | 30.1x | 6.3x |
| Mon, 13 Feb 2023 | د.إ498.8b | د.إ81.7b | د.إ16.9b | 16x | 29.5x | 6.1x |
| Wed, 11 Jan 2023 | د.إ534.8b | د.إ81.7b | د.إ16.9b | 14.8x | 31.6x | 6.5x |
| Fri, 09 Dec 2022 | د.إ561.4b | د.إ81.7b | د.إ16.9b | 15x | 33.2x | 6.9x |
| Sun, 06 Nov 2022 | د.إ546.0b | د.إ76.4b | د.إ14.9b | 17.6x | 36.6x | 7.2x |
| Tue, 04 Oct 2022 | د.إ403.9b | د.إ76.4b | د.إ14.9b | 18x | 27.1x | 5.3x |
| Thu, 01 Sep 2022 | د.إ269.7b | د.إ74.3b | د.إ14.4b | 18.7x | 18.7x | 3.6x |
| Sat, 30 Jul 2022 | د.إ265.3b | د.إ72.3b | د.إ12.8b | 20.7x | 20.7x | 3.7x |
| Mon, 27 Jun 2022 | د.إ266.5b | د.إ72.3b | د.إ12.8b | 20.8x | 20.8x | 3.7x |
| Wed, 25 May 2022 | د.إ265.5b | د.إ72.3b | د.إ12.8b | 20.7x | 20.7x | 3.7x |
| Fri, 22 Apr 2022 | د.إ293.2b | د.إ69.5b | د.إ12.1b | 24.3x | 24.3x | 4.2x |
| Sun, 20 Mar 2022 | د.إ139.4b | د.إ45.7b | د.إ6.0b | 23.6x | 23.4x | 3.1x |
| Tue, 15 Feb 2022 | د.إ138.3b | د.إ45.7b | د.إ6.0b | 23.2x | 23.2x | 3x |
| Thu, 13 Jan 2022 | د.إ140.5b | د.إ44.6b | د.إ5.9b | 24x | 24x | 3.2x |
Price to Earnings Ratio
24x
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 32.4x which is higher than its 3-year average PE of 24.7x.
- The industry is trading close to its 3-year average PS ratio of 5.4x.
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 | 0.20% | |
| Utilities | 1.62% | |
| Other Utilities | 1.73% | |
| Electric Utilities | 0% | |
| Gas Utilities | 0% | |
| Renewable Energy | 0% | |
| Water Utilities | -0.37% | |
Industry PE
- Investors are most optimistic about the Other Utilities industry which is trading above its 3-year average PE ratio of 25.3x.
- 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 7.4% 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.إ3.17 | 1.3% +د.إ4.5b | -3.1% | PE46.5x | |
| DEWA Dubai Electricity and Water Authority (PJSC) | د.إ2.86 | 2.9% +د.إ4.0b | 15.3% | PE20.2x |
