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Aug 19
Emirati (ADX) Market Analysis & Valuation
UpdatedAug 22, 2024
DataAggregated Company Financials
Companies146
- 7D0.8%
- 3M4.1%
- 1Y-6.3%
- YTD-4.2%
In the last week, the market has stayed flat, however the Information Technology sector stood out, gaining 7.4%. As for last year, the market is down 6.3%. Earnings are forecast to grow by 4.8% 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 |
|---|---|---|---|---|---|---|
| Thu, 22 Aug 2024 | د.إ3.4t | د.إ834.1b | د.إ229.0b | 13.6x | 14.8x | 4.1x |
| Sat, 20 Jul 2024 | د.إ3.4t | د.إ787.8b | د.إ216.5b | 13.3x | 15.5x | 4.3x |
| Mon, 17 Jun 2024 | د.إ3.3t | د.إ781.8b | د.إ214.9b | 13.2x | 15.2x | 4.2x |
| Wed, 15 May 2024 | د.إ3.3t | د.إ776.4b | د.إ223.9b | 13.9x | 14.9x | 4.3x |
| Fri, 12 Apr 2024 | د.إ3.4t | د.إ736.4b | د.إ220.9b | 14.1x | 15.3x | 4.6x |
| Sun, 10 Mar 2024 | د.إ3.4t | د.إ738.2b | د.إ221.1b | 14.9x | 15.4x | 4.6x |
| Tue, 06 Feb 2024 | د.إ3.4t | د.إ653.2b | د.إ192.1b | 16.1x | 17.7x | 5.2x |
| Thu, 04 Jan 2024 | د.إ3.5t | د.إ653.9b | د.إ188.1b | 15.4x | 18.4x | 5.3x |
| Sat, 02 Dec 2023 | د.إ3.3t | د.إ649.5b | د.إ187.3b | 15.5x | 17.8x | 5.1x |
| Mon, 30 Oct 2023 | د.إ3.2t | د.إ638.7b | د.إ186.8b | 14.9x | 17.3x | 5.1x |
| Wed, 27 Sep 2023 | د.إ3.5t | د.إ616.3b | د.إ187.5b | 16.1x | 18.7x | 5.7x |
| Fri, 25 Aug 2023 | د.إ3.5t | د.إ616.2b | د.إ187.4b | 16.1x | 18.6x | 5.7x |
| Sun, 23 Jul 2023 | د.إ3.4t | د.إ603.8b | د.إ184.3b | 16.2x | 18.6x | 5.7x |
| Tue, 20 Jun 2023 | د.إ3.3t | د.إ664.5b | د.إ195.4b | 15.6x | 16.9x | 5x |
| Thu, 18 May 2023 | د.إ3.3t | د.إ663.5b | د.إ195.2b | 16.3x | 16.8x | 4.9x |
| Sat, 15 Apr 2023 | د.إ3.3t | د.إ642.8b | د.إ176.8b | 15.5x | 18.5x | 5.1x |
| Mon, 13 Mar 2023 | د.إ3.1t | د.إ575.2b | د.إ159.1b | 14.4x | 19.4x | 5.4x |
| Wed, 08 Feb 2023 | د.إ3.1t | د.إ563.5b | د.إ154.3b | 13.4x | 19.8x | 5.4x |
| Fri, 06 Jan 2023 | د.إ3.2t | د.إ554.4b | د.إ153.4b | 13.8x | 20.6x | 5.7x |
| Sun, 04 Dec 2022 | د.إ3.2t | د.إ545.2b | د.إ152.4b | 13.5x | 20.8x | 5.8x |
| Tue, 01 Nov 2022 | د.إ2.9t | د.إ519.3b | د.إ133.8b | 13.7x | 21.8x | 5.6x |
| Thu, 29 Sep 2022 | د.إ2.7t | د.إ509.2b | د.إ129.9b | 14.1x | 20.9x | 5.3x |
| Sat, 27 Aug 2022 | د.إ2.6t | د.إ508.3b | د.إ130.3b | 15.2x | 20.1x | 5.2x |
| Mon, 25 Jul 2022 | د.إ2.5t | د.إ481.3b | د.إ115.8b | 15.4x | 21.5x | 5.2x |
| Wed, 22 Jun 2022 | د.إ2.5t | د.إ475.7b | د.إ114.2b | 15.4x | 21.5x | 5.2x |
| Fri, 20 May 2022 | د.إ2.4t | د.إ455.5b | د.إ109.4b | 15.5x | 22.2x | 5.3x |
| Sun, 17 Apr 2022 | د.إ2.5t | د.إ419.9b | د.إ97.1b | 16x | 25.2x | 5.8x |
| Tue, 15 Mar 2022 | د.إ2.2t | د.إ376.0b | د.إ89.3b | 15.2x | 24.6x | 5.9x |
| Thu, 10 Feb 2022 | د.إ2.1t | د.إ364.5b | د.إ85.1b | 15.2x | 24.4x | 5.7x |
| Sat, 08 Jan 2022 | د.إ2.0t | د.إ342.1b | د.إ76.0b | 14.7x | 26.2x | 5.8x |
| Mon, 06 Dec 2021 | د.إ2.0t | د.إ342.0b | د.إ76.0b | 14.2x | 26.6x | 5.9x |
| Wed, 03 Nov 2021 | د.إ1.8t | د.إ326.3b | د.إ70.5b | 18.2x | 25.5x | 5.5x |
| Fri, 01 Oct 2021 | د.إ1.7t | د.إ312.4b | د.إ63.1b | 14.2x | 27.3x | 5.5x |
| Sun, 29 Aug 2021 | د.إ1.7t | د.إ309.9b | د.إ62.8b | 14.6x | 27.7x | 5.6x |
Price to Earnings Ratio
27.7x
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 14.8x which is lower than its 3-year average PE of 20.2x.
Past Earnings Growth
- The earnings for Emirian listed companies have grown 54% per year over the last three years.
- Revenues for these companies have grown 39% 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 | 0.82% | |
| Tech | 7.44% | |
| Consumer Discretionary | 3.60% | |
| Materials | 3.23% | |
| Telecom | 3.08% | |
| Industrials | 1.88% | |
| Real Estate | 0.94% | |
| Consumer Staples | 0.40% | |
| Financials | 0.11% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Utilities | -0.82% | |
| Healthcare | -0.87% | |
| Energy | -2.10% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 33.0x.
- Analysts expect its future annual earnings growth (29.4%) to be largely in line with prior year's earnings growth.
- The market's confidence could indicate that the market believes that analysts are underestimating future growth.
- The Consumer Staples sector is the least preferred by investors for future growth, which is trading below its 3-year average of 33.3x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 29% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- 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.إ416.00 | 2.5% +د.إ21.9b | 3.9% | PE33.3x | Industrials | |
| EAND Emirates Telecommunications Group Company PJSC | د.إ17.32 | 3.3% +د.إ4.9b | -13.7% | PE13.6x | Telecom | |
| ADNOCDIST Abu Dhabi National Oil Company for Distribution PJSC | د.إ3.61 | 6.5% +د.إ2.8b | -6.0% | PE16.8x | Consumer Discretionary | |
| BOROUGE Borouge | د.إ2.52 | 2.9% +د.إ2.1b | -8.4% | PE18.1x | Materials | |
| DIB Dubai Islamic Bank P.J.S.C | د.إ6.06 | 4.8% +د.إ2.0b | 7.8% | PB1x | Financials |
