Potential Upside For Emaar Properties PJSC (DFM:EMAAR) Not Without Risk
May 23
Emirati (ADX) Market Analysis & Valuation
UpdatedMay 23, 2024
DataAggregated Company Financials
Companies143
- 7D-0.8%
- 3M-4.7%
- 1Y-3.4%
- YTD-6.8%
The Consumer Staples sector gained 3.4% while the market remained flat over the last week. Unfortunately though, the market is down 3.4% over the past year. As for the next few years, earnings are expected to grow by 5.0% per annum.
Market Valuation and Performance
Has the Emirati Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 23 May 2024 | د.إ3.3t | د.إ781.8b | د.إ214.9b | 13.1x | 15.3x | 4.2x |
| Sat, 20 Apr 2024 | د.إ3.4t | د.إ752.3b | د.إ222.1b | 14.1x | 15.2x | 4.5x |
| Mon, 18 Mar 2024 | د.إ3.4t | د.إ739.0b | د.إ221.9b | 14.7x | 15.4x | 4.6x |
| Wed, 14 Feb 2024 | د.إ3.4t | د.إ660.8b | د.إ187.9b | 16x | 18x | 5.1x |
| Fri, 12 Jan 2024 | د.إ3.5t | د.إ653.9b | د.إ188.1b | 15.8x | 18.5x | 5.3x |
| Sun, 10 Dec 2023 | د.إ3.3t | د.إ653.9b | د.إ188.1b | 15.3x | 17.6x | 5.1x |
| Tue, 07 Nov 2023 | د.إ3.3t | د.إ646.2b | د.إ189.8b | 14.9x | 17.6x | 5.2x |
| Thu, 05 Oct 2023 | د.إ3.5t | د.إ626.7b | د.إ189.7b | 16x | 18.4x | 5.6x |
| Sat, 02 Sep 2023 | د.إ3.5t | د.إ616.4b | د.إ187.4b | 15.8x | 18.6x | 5.6x |
| Mon, 31 Jul 2023 | د.إ3.4t | د.إ614.8b | د.إ188.9b | 16.4x | 18.2x | 5.6x |
| Wed, 28 Jun 2023 | د.إ3.4t | د.إ664.1b | د.إ195.4b | 16.1x | 17.2x | 5.1x |
| Fri, 26 May 2023 | د.إ3.3t | د.إ663.9b | د.إ195.2b | 15.5x | 16.7x | 4.9x |
| Sun, 23 Apr 2023 | د.إ3.3t | د.إ643.8b | د.إ177.3b | 15.4x | 18.6x | 5.1x |
| Tue, 21 Mar 2023 | د.إ3.2t | د.إ640.6b | د.إ177.4b | 15x | 18.1x | 5x |
| Thu, 16 Feb 2023 | د.إ3.1t | د.إ567.7b | د.إ161.6b | 13.7x | 18.9x | 5.4x |
| Sat, 14 Jan 2023 | د.إ3.1t | د.إ554.4b | د.إ153.4b | 13.8x | 20.5x | 5.7x |
| Mon, 12 Dec 2022 | د.إ3.1t | د.إ545.6b | د.إ152.3b | 13.3x | 20.7x | 5.8x |
| Wed, 09 Nov 2022 | د.إ3.1t | د.إ528.9b | د.إ143.3b | 14.5x | 21.4x | 5.8x |
| Fri, 07 Oct 2022 | د.إ2.7t | د.إ509.2b | د.إ129.9b | 14.2x | 21.1x | 5.4x |
| Sun, 04 Sep 2022 | د.إ2.6t | د.إ508.7b | د.إ130.0b | 15.2x | 19.8x | 5.1x |
| Tue, 02 Aug 2022 | د.إ2.5t | د.إ486.4b | د.إ117.9b | 14.7x | 21.6x | 5.2x |
| Thu, 30 Jun 2022 | د.إ2.5t | د.إ475.6b | د.إ114.2b | 15.2x | 21.5x | 5.2x |
| Sat, 28 May 2022 | د.إ2.4t | د.إ455.5b | د.إ109.4b | 15.1x | 21.9x | 5.3x |
| Mon, 25 Apr 2022 | د.إ2.5t | د.إ421.4b | د.إ97.8b | 16.1x | 25.4x | 5.9x |
| Wed, 23 Mar 2022 | د.إ2.2t | د.إ391.6b | د.إ91.3b | 15.5x | 24.2x | 5.7x |
| Fri, 18 Feb 2022 | د.إ2.2t | د.إ368.8b | د.إ86.3b | 14.6x | 24.9x | 5.8x |
| Sun, 16 Jan 2022 | د.إ2.0t | د.إ342.3b | د.إ76.0b | 14.8x | 26x | 5.8x |
| Tue, 14 Dec 2021 | د.إ2.1t | د.إ342.0b | د.إ76.0b | 14.3x | 27.4x | 6.1x |
| Thu, 11 Nov 2021 | د.إ1.9t | د.إ334.9b | د.إ71.5b | 14.1x | 26.2x | 5.6x |
| Sat, 09 Oct 2021 | د.إ1.8t | د.إ312.4b | د.إ63.1b | 14.2x | 27.9x | 5.6x |
| Mon, 06 Sep 2021 | د.إ1.7t | د.إ308.7b | د.إ62.9b | 13.6x | 27.6x | 5.6x |
| Wed, 04 Aug 2021 | د.إ1.7t | د.إ309.4b | د.إ62.3b | 14.3x | 26.7x | 5.4x |
Price to Earnings Ratio
22.3x
Current Market PE
- Investors are pessimistic on the Emirian market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 15.3x which is lower than its 3-year average PE of 21.0x.
Past Earnings Growth
- The earnings for Emirian listed companies have grown 55% per year over the last three years.
- Revenues for these companies have grown 41% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Emirati Market?
| AE Market | -0.85% | |
| Consumer Staples | 3.41% | |
| Consumer Discretionary | 1.40% | |
| Real Estate | 1.40% | |
| Energy | -0.055% | |
| Industrials | -0.69% | |
| Telecom | -0.80% | |
| Financials | -0.93% | |
| Utilities | -1.99% | |
| Materials | -2.12% | |
| Healthcare | -5.20% | |
| Tech | -6.56% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 28.4x.
- Analysts are expecting annual earnings growth of 31.7%, which is lower than the prior year's growth of 50.9% per year.
- The Consumer Staples sector is the least preferred by investors for future growth, which is trading below its 3-year average of 36.5x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 32% over the next 5 years.
- However this is lower than its past earnings growth rate of 51% per year.
- In contrast, the Financials 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 | Sector | |
|---|---|---|---|---|---|---|
| EMAAR Emaar Properties PJSC | د.إ8.04 | 4.7% +د.إ3.2b | 37.4% | PE6.3x | Real Estate | |
| ADNOCGAS ADNOC Gas | د.إ3.08 | 0.7% +د.إ1.5b | -1.6% | PE15.1x | Energy | |
| ADNOCLS ADNOC Logistics & Services | د.إ4.15 | 4.8% +د.إ1.4b | n/a | PE12.5x | Energy | |
| ALDAR Aldar Properties PJSC | د.إ5.74 | 1.1% +د.إ471.8m | 14.8% | PE10.2x | Real Estate | |
| AGTHIA Agthia Group PJSC | د.إ5.87 | 8.7% +د.إ390.6m | 32.8% | PE16.8x | Consumer Staples |
