Alpha Dhabi Holding PJSC's (ADX:ALPHADHABI) Popularity With Investors Under Threat As Stock Sinks 25%
May 30
Emirati (ADX) Market Analysis & Valuation
UpdatedJun 03, 2024
DataAggregated Company Financials
Companies143
- 7D-0.3%
- 3M-6.7%
- 1Y-4.7%
- YTD-9.0%
Over the last 7 days, the market has remained flat, although notably the Healthcare sector gained 3.8% in that time. As for last year, the market is down 4.7%. Looking forward, earnings are forecast to grow by 5.0% annually.
Market Valuation and Performance
Has the Emirati Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 03 Jun 2024 | د.إ3.2t | د.إ781.7b | د.إ215.0b | 12.9x | 14.9x | 4.1x |
| Wed, 01 May 2024 | د.إ3.3t | د.إ760.0b | د.إ225.3b | 14.1x | 14.7x | 4.3x |
| Fri, 29 Mar 2024 | د.إ3.4t | د.إ739.6b | د.إ221.5b | 14.8x | 15.5x | 4.6x |
| Sun, 25 Feb 2024 | د.إ3.4t | د.إ739.0b | د.إ206.4b | 15.6x | 16.2x | 4.5x |
| Tue, 23 Jan 2024 | د.إ3.5t | د.إ654.7b | د.إ188.0b | 15.9x | 18.4x | 5.3x |
| Thu, 21 Dec 2023 | د.إ3.3t | د.إ653.9b | د.إ188.1b | 15.2x | 17.8x | 5.1x |
| Sat, 18 Nov 2023 | د.إ3.4t | د.إ650.4b | د.إ187.2b | 14.9x | 17.9x | 5.2x |
| Mon, 16 Oct 2023 | د.إ3.3t | د.إ627.5b | د.إ190.3b | 15.3x | 17.5x | 5.3x |
| Wed, 13 Sep 2023 | د.إ3.5t | د.إ616.4b | د.إ187.4b | 15.5x | 18.6x | 5.6x |
| Fri, 11 Aug 2023 | د.إ3.5t | د.إ615.7b | د.إ188.6b | 16x | 18.6x | 5.7x |
| Sun, 09 Jul 2023 | د.إ3.4t | د.إ601.5b | د.إ182.2b | 16.1x | 18.7x | 5.7x |
| Tue, 06 Jun 2023 | د.إ3.3t | د.إ664.3b | د.إ195.5b | 15.6x | 16.6x | 4.9x |
| Thu, 04 May 2023 | د.إ3.3t | د.إ648.6b | د.إ179.3b | 16x | 18.6x | 5.1x |
| Sat, 01 Apr 2023 | د.إ3.3t | د.إ642.3b | د.إ176.2b | 15x | 18.5x | 5.1x |
| Mon, 27 Feb 2023 | د.إ3.0t | د.إ563.3b | د.إ161.3b | 13.8x | 18.9x | 5.4x |
| Wed, 25 Jan 2023 | د.إ3.1t | د.إ554.3b | د.إ153.3b | 13.1x | 20.5x | 5.7x |
| Fri, 23 Dec 2022 | د.إ3.1t | د.إ554.4b | د.إ153.2b | 13.6x | 20.5x | 5.7x |
| Sun, 20 Nov 2022 | د.إ3.0t | د.إ543.2b | د.إ152.5b | 13.4x | 20x | 5.6x |
| Tue, 18 Oct 2022 | د.إ2.7t | د.إ513.0b | د.إ130.3b | 14x | 21.1x | 5.4x |
| Thu, 15 Sep 2022 | د.إ2.7t | د.إ509.2b | د.إ129.9b | 15.1x | 20.5x | 5.2x |
| Sat, 13 Aug 2022 | د.إ2.6t | د.إ505.6b | د.إ125.6b | 15.1x | 21x | 5.2x |
| Mon, 11 Jul 2022 | د.إ2.4t | د.إ479.8b | د.إ114.7b | 15.2x | 21x | 5x |
| Wed, 08 Jun 2022 | د.إ2.5t | د.إ478.4b | د.إ115.2b | 15.5x | 21.9x | 5.3x |
| Fri, 06 May 2022 | د.إ2.5t | د.إ434.9b | د.إ104.9b | 15.8x | 23.8x | 5.7x |
| Sun, 03 Apr 2022 | د.إ2.2t | د.إ396.2b | د.إ90.1b | 16x | 24.8x | 5.6x |
| Tue, 01 Mar 2022 | د.إ2.2t | د.إ372.9b | د.إ87.6b | 14.9x | 24.8x | 5.8x |
| Thu, 27 Jan 2022 | د.إ2.0t | د.إ342.5b | د.إ76.1b | 14.7x | 26.4x | 5.9x |
| Sat, 25 Dec 2021 | د.إ2.0t | د.إ341.7b | د.إ76.1b | 14.1x | 26x | 5.8x |
| Mon, 22 Nov 2021 | د.إ1.9t | د.إ342.1b | د.إ76.5b | 13.7x | 25.1x | 5.6x |
| Wed, 20 Oct 2021 | د.إ1.8t | د.إ313.5b | د.إ63.4b | 14.1x | 28.5x | 5.8x |
| Fri, 17 Sep 2021 | د.إ1.7t | د.إ308.2b | د.إ62.7b | 13.7x | 27.9x | 5.7x |
| Sun, 15 Aug 2021 | د.إ1.7t | د.إ309.4b | د.إ62.3b | 13.2x | 27.4x | 5.5x |
| Thu, 10 Jun 2021 | د.إ1.3t | د.إ276.1b | د.إ57.2b | 13.2x | 22.3x | 4.6x |
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 14.9x which is lower than its 3-year average PE of 20.9x.
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 | -0.29% | |
| Healthcare | 3.76% | |
| Telecom | 3.57% | |
| Utilities | 0.76% | |
| Materials | 0.40% | |
| Industrials | 0.16% | |
| Financials | -0.66% | |
| Real Estate | -2.07% | |
| Consumer Staples | -2.32% | |
| Energy | -2.96% | |
| Consumer Discretionary | -3.52% | |
| Tech | -5.88% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 29.6x.
- 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 36.1x.
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 | |
|---|---|---|---|---|---|---|
| IHC International Holding Company PJSC | د.إ410.00 | 2.6% +د.إ23.0b | 3.8% | PE30.3x | Industrials | |
| TAQA Abu Dhabi National Energy Company PJSC | د.إ2.65 | 2.3% +د.إ6.7b | -11.7% | PE41.7x | Utilities | |
| EAND Emirates Telecommunications Group Company PJSC | د.إ16.00 | 3.9% +د.إ5.2b | -29.2% | PE13.3x | Telecom | |
| PUREHEALTH Pure Health Holding PJSC | د.إ3.58 | 5.9% +د.إ2.2b | n/a | PE32.2x | Healthcare | |
| ADNOCLS ADNOC Logistics & Services | د.إ4.24 | 3.7% +د.إ1.1b | 40.9% | PE12.8x | Energy |
