Returns On Capital Signal Tricky Times Ahead For Alpha Dhabi Holding PJSC (ADX:ALPHADHABI)
Mar 30
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Emirati (ADX) Market Analysis & Valuation
UpdatedApr 02, 2025
DataAggregated Company Financials
Companies151
- 7D0.7%
- 3M-0.7%
- 1Y5.4%
- YTD-0.9%
Over the last 7 days, the market has remained flat, although notably the Utilities sector gained 8.3% in that time. As for the longer term, the market has risen 5.4% in the past 12 months. Looking forward, earnings are forecast to grow by 4.1% 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 |
|---|---|---|---|---|---|---|
| Wed, 02 Apr 2025 | د.إ3.7t | د.إ1.0t | د.إ238.0b | 13x | 15.5x | 3.7x |
| Fri, 28 Feb 2025 | د.إ3.7t | د.إ978.8b | د.إ234.0b | 13.2x | 15.9x | 3.8x |
| Sun, 26 Jan 2025 | د.إ3.7t | د.إ936.0b | د.إ237.6b | 13.4x | 15.7x | 4x |
| Tue, 24 Dec 2024 | د.إ3.6t | د.إ928.2b | د.إ235.9b | 12.9x | 15.5x | 3.9x |
| Thu, 21 Nov 2024 | د.إ3.5t | د.إ894.6b | د.إ231.6b | 12.9x | 15x | 3.9x |
| Sat, 19 Oct 2024 | د.إ3.5t | د.إ847.5b | د.إ229.1b | 13.3x | 15.1x | 4.1x |
| Mon, 16 Sep 2024 | د.إ3.4t | د.إ849.5b | د.إ229.1b | 13.5x | 14.9x | 4x |
| Wed, 14 Aug 2024 | د.إ3.3t | د.إ828.9b | د.إ227.9b | 13.1x | 14.6x | 4x |
| Fri, 12 Jul 2024 | د.إ3.3t | د.إ787.6b | د.إ216.3b | 13.3x | 15.4x | 4.2x |
| Sun, 09 Jun 2024 | د.إ3.2t | د.إ781.8b | د.إ214.9b | 13.2x | 15x | 4.1x |
| Tue, 07 May 2024 | د.إ3.3t | د.إ764.8b | د.إ225.0b | 13.9x | 14.6x | 4.3x |
| Thu, 04 Apr 2024 | د.إ3.4t | د.إ738.0b | د.إ221.3b | 14.3x | 15.3x | 4.6x |
| Sat, 02 Mar 2024 | د.إ3.4t | د.إ740.3b | د.إ220.8b | 15.3x | 15.3x | 4.6x |
| Mon, 29 Jan 2024 | د.إ3.4t | د.إ657.9b | د.إ189.4b | 15.7x | 18.1x | 5.2x |
| Wed, 27 Dec 2023 | د.إ3.4t | د.إ653.9b | د.إ188.1b | 15x | 18.1x | 5.2x |
| Fri, 24 Nov 2023 | د.إ3.4t | د.إ650.0b | د.إ187.3b | 15.5x | 17.9x | 5.2x |
| Sun, 22 Oct 2023 | د.إ3.2t | د.إ627.6b | د.إ190.3b | 14.3x | 17x | 5.2x |
| Tue, 19 Sep 2023 | د.إ3.5t | د.إ616.4b | د.إ187.5b | 15.7x | 18.6x | 5.7x |
| Thu, 17 Aug 2023 | د.إ3.5t | د.إ616.4b | د.إ187.4b | 14.7x | 18.6x | 5.7x |
| Sat, 15 Jul 2023 | د.إ3.4t | د.إ601.8b | د.إ182.5b | 16.2x | 18.7x | 5.7x |
| Mon, 12 Jun 2023 | د.إ3.3t | د.إ664.3b | د.إ195.5b | 15.4x | 16.7x | 4.9x |
| Wed, 10 May 2023 | د.إ3.3t | د.إ656.4b | د.إ184.0b | 15.8x | 18.2x | 5.1x |
| Fri, 07 Apr 2023 | د.إ3.2t | د.إ642.3b | د.إ176.2b | 15x | 18.4x | 5x |
| Sun, 05 Mar 2023 | د.إ3.1t | د.إ569.4b | د.إ161.0b | 14.2x | 19x | 5.4x |
| Tue, 31 Jan 2023 | د.إ3.0t | د.إ558.6b | د.إ152.8b | 13x | 19.9x | 5.4x |
| Thu, 29 Dec 2022 | د.إ3.1t | د.إ554.4b | د.إ153.2b | 13.9x | 20.5x | 5.7x |
| Sat, 26 Nov 2022 | د.إ3.0t | د.إ545.0b | د.إ152.4b | 13.6x | 20x | 5.6x |
| Mon, 24 Oct 2022 | د.إ2.8t | د.إ513.4b | د.إ130.4b | 13.9x | 21.5x | 5.5x |
| Wed, 21 Sep 2022 | د.إ2.8t | د.إ509.2b | د.إ129.9b | 14.8x | 21.3x | 5.4x |
| Fri, 19 Aug 2022 | د.إ2.6t | د.إ507.9b | د.إ128.0b | 15.1x | 20.5x | 5.2x |
| Sun, 17 Jul 2022 | د.إ2.4t | د.إ479.8b | د.إ114.7b | 15.1x | 21x | 5x |
| Tue, 14 Jun 2022 | د.إ2.5t | د.إ478.1b | د.إ115.0b | 15.3x | 21.4x | 5.2x |
| Thu, 12 May 2022 | د.إ2.4t | د.إ440.0b | د.إ105.3b | 15.4x | 23.1x | 5.5x |
| Sat, 09 Apr 2022 | د.إ2.3t | د.إ396.1b | د.إ91.0b | 16x | 25x | 5.7x |
Price to Earnings Ratio
25x
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 15.5x which is lower than its 3-year average PE of 18.0x.
Past Earnings Growth
- The earnings for Emirian listed companies have grown 38% per year over the last three years.
- Revenues for these companies have grown 36% 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 | 0.66% | |
| Utilities | 8.30% | |
| Tech | 2.38% | |
| Materials | 1.73% | |
| Industrials | -0.091% | |
| Financials | -0.22% | |
| Telecom | -0.57% | |
| Consumer Discretionary | -0.87% | |
| Healthcare | -0.99% | |
| Real Estate | -1.05% | |
| Energy | -2.33% | |
| Consumer Staples | -2.84% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 25.4x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 6.4% which is higher than its past year's earnings decline of 7.4% per year.
- The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 9.8x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 25% over the next 5 years.
- This is better than its past earnings growth rate of 19% per year.
- In contrast, the Industrials 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 | |
|---|---|---|---|---|---|---|
| TAQA Abu Dhabi National Energy Company PJSC | د.إ3.51 | 12.1% +د.إ42.7b | 17.0% | PE56.4x | Utilities | |
| FAB First Abu Dhabi Bank P.J.S.C | د.إ13.82 | 1.3% +د.إ2.0b | 4.4% | PB1.2x | Financials | |
| AGILITY Agility Global | د.إ1.31 | 10.1% +د.إ1.3b | n/a | PE29.1x | Industrials | |
| BOROUGE Borouge | د.إ2.44 | 1.7% +د.إ1.2b | -2.8% | PE16.3x | Materials | |
| CBD Commercial Bank of Dubai PSC | د.إ7.47 | 4.5% +د.إ955.3m | 13.2% | PB1.3x | Financials |
