Alpha Dhabi Holding PJSC (ADX:ALPHADHABI) Might Be Having Difficulty Using Its Capital Effectively
Sep 27
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Emirati (ADX) Market Analysis & Valuation
UpdatedSep 30, 2024
DataAggregated Company Financials
Companies146
- 7D0.8%
- 3M5.4%
- 1Y-3.7%
- YTD-1.4%
Over the last 7 days, the market has remained flat, with no particular sector making any big moves this week. As for last year, the market is down 3.7%. As for the next few years, earnings are expected to grow by 5.2% 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 |
|---|---|---|---|---|---|---|
| Mon, 30 Sep 2024 | د.إ3.5t | د.إ848.7b | د.إ228.7b | 13.4x | 15.3x | 4.1x |
| Wed, 28 Aug 2024 | د.إ3.4t | د.إ834.1b | د.إ228.6b | 13.6x | 14.8x | 4.1x |
| Fri, 26 Jul 2024 | د.إ3.4t | د.إ792.2b | د.إ218.5b | 13.2x | 15.5x | 4.3x |
| Sun, 23 Jun 2024 | د.إ3.3t | د.إ781.8b | د.إ214.8b | 13.1x | 15.3x | 4.2x |
| Tue, 21 May 2024 | د.إ3.3t | د.إ781.7b | د.إ214.7b | 13.4x | 15.4x | 4.2x |
| Thu, 18 Apr 2024 | د.إ3.4t | د.إ752.3b | د.إ222.0b | 14.1x | 15.2x | 4.5x |
| Sat, 16 Mar 2024 | د.إ3.4t | د.إ738.9b | د.إ221.9b | 14.7x | 15.4x | 4.6x |
| Mon, 12 Feb 2024 | د.إ3.4t | د.إ660.7b | د.إ188.0b | 15.6x | 17.9x | 5.1x |
| Wed, 10 Jan 2024 | د.إ3.5t | د.إ653.9b | د.إ188.1b | 15.6x | 18.5x | 5.3x |
| Fri, 08 Dec 2023 | د.إ3.3t | د.إ651.1b | د.إ187.6b | 15.1x | 17.8x | 5.1x |
| Sun, 05 Nov 2023 | د.إ3.3t | د.إ646.2b | د.إ189.8b | 14.9x | 17.6x | 5.2x |
| Tue, 03 Oct 2023 | د.إ3.5t | د.إ626.9b | د.إ189.7b | 16.2x | 18.4x | 5.6x |
| Thu, 31 Aug 2023 | د.إ3.5t | د.إ616.6b | د.إ187.4b | 15.9x | 18.5x | 5.6x |
| Sat, 29 Jul 2023 | د.إ3.4t | د.إ610.6b | د.إ187.8b | 16.4x | 18.3x | 5.6x |
| Mon, 26 Jun 2023 | د.إ3.3t | د.إ664.1b | د.إ195.4b | 15.6x | 17.1x | 5x |
| Wed, 24 May 2023 | د.إ3.3t | د.إ664.0b | د.إ195.2b | 15.5x | 16.7x | 4.9x |
| Fri, 21 Apr 2023 | د.إ3.3t | د.إ643.3b | د.إ177.3b | 15.4x | 18.7x | 5.1x |
| Sun, 19 Mar 2023 | د.إ3.1t | د.إ589.2b | د.إ162.5b | 15x | 19.2x | 5.3x |
| Tue, 14 Feb 2023 | د.إ3.1t | د.إ567.5b | د.إ162.1b | 14x | 18.9x | 5.4x |
| Thu, 12 Jan 2023 | د.إ3.1t | د.إ554.4b | د.إ153.4b | 13.8x | 20.4x | 5.6x |
| Sat, 10 Dec 2022 | د.إ3.1t | د.إ545.6b | د.إ152.3b | 13.3x | 20.7x | 5.8x |
| Mon, 07 Nov 2022 | د.إ3.0t | د.إ529.0b | د.إ143.4b | 14x | 21.1x | 5.7x |
| Wed, 05 Oct 2022 | د.إ2.8t | د.إ509.2b | د.إ129.9b | 14.1x | 21.2x | 5.4x |
| Fri, 02 Sep 2022 | د.إ2.6t | د.إ508.3b | د.إ130.3b | 15.1x | 19.7x | 5.1x |
| Sun, 31 Jul 2022 | د.إ2.5t | د.إ482.8b | د.إ117.0b | 15.1x | 21.5x | 5.2x |
| Tue, 28 Jun 2022 | د.إ2.4t | د.إ475.6b | د.إ114.2b | 15.3x | 21.2x | 5.1x |
| Thu, 26 May 2022 | د.إ2.4t | د.إ455.4b | د.إ109.4b | 15.1x | 21.7x | 5.2x |
| Sat, 23 Apr 2022 | د.إ2.5t | د.إ421.4b | د.إ97.8b | 16.1x | 25.4x | 5.9x |
| Mon, 21 Mar 2022 | د.إ2.2t | د.إ391.7b | د.إ91.3b | 15.3x | 24.3x | 5.7x |
| Wed, 16 Feb 2022 | د.إ2.1t | د.إ368.3b | د.إ86.0b | 14.9x | 24.8x | 5.8x |
| Fri, 14 Jan 2022 | د.إ2.0t | د.إ342.4b | د.إ76.0b | 14.8x | 26x | 5.8x |
| Sun, 12 Dec 2021 | د.إ2.1t | د.إ342.0b | د.إ76.0b | 14.3x | 27.3x | 6.1x |
| Tue, 09 Nov 2021 | د.إ1.9t | د.إ332.9b | د.إ71.5b | 14.3x | 25.9x | 5.6x |
| Thu, 07 Oct 2021 | د.إ1.7t | د.إ312.4b | د.إ63.1b | 14.1x | 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 15.3x which is lower than its 3-year average PE of 19.8x.
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 40% 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 | 0.84% | |
| Materials | 2.39% | |
| Telecom | 1.73% | |
| Utilities | 1.36% | |
| Financials | 1.11% | |
| Energy | 0.97% | |
| Consumer Staples | 0.81% | |
| Industrials | 0.77% | |
| Consumer Discretionary | 0.31% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Tech | -0.86% | |
| Real Estate | -1.69% | |
| Healthcare | -1.85% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 36.0x.
- 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 31.6x.
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 | |
|---|---|---|---|---|---|---|
| TAQA Abu Dhabi National Energy Company PJSC | د.إ3.20 | 12.7% +د.إ40.5b | -8.0% | PE48.3x | Utilities | |
| MODON Modon Holding PSC | د.إ3.79 | 12.8% +د.إ7.0b | 3.3% | PE6.9x | Industrials | |
| ADNOCGAS ADNOC Gas | د.إ3.18 | 1.9% +د.إ4.6b | -8.6% | PE13.7x | Energy | |
| MASQ Mashreqbank PSC | د.إ241.00 | 7.6% +د.إ3.4b | 58.6% | PB1.5x | Financials | |
| DEWA Dubai Electricity and Water Authority (PJSC) | د.إ2.55 | 2.4% +د.إ3.0b | 0.4% | PE16.9x | Utilities |
