Salik Company P.J.S.C. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Nov 18
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Emirati (ADX) Market Analysis & Valuation
UpdatedNov 18, 2024
DataAggregated Company Financials
Companies143
- 7D0.1%
- 3M4.0%
- 1Y0.2%
- YTD-0.7%
In the last week, the market has stayed flat, however the Real Estate sector stood out, gaining 4.4%. As for the longer term, the market has also been flat over the past year. Looking forward, earnings are forecast to grow by 4.5% 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 |
|---|---|---|---|---|---|---|
| Tue, 19 Nov 2024 | د.إ3.5t | د.إ894.3b | د.إ230.6b | 13x | 15.1x | 3.9x |
| Thu, 17 Oct 2024 | د.إ3.5t | د.إ847.0b | د.إ228.3b | 13.4x | 15.3x | 4.1x |
| Sat, 14 Sep 2024 | د.إ3.4t | د.إ849.5b | د.إ229.1b | 13.5x | 14.9x | 4x |
| Mon, 12 Aug 2024 | د.إ3.4t | د.إ827.5b | د.إ228.0b | 13.1x | 14.7x | 4.1x |
| Wed, 10 Jul 2024 | د.إ3.3t | د.إ787.6b | د.إ216.3b | 13.3x | 15.3x | 4.2x |
| Fri, 07 Jun 2024 | د.إ3.2t | د.إ781.6b | د.إ215.0b | 13x | 15x | 4.1x |
| Sun, 05 May 2024 | د.إ3.3t | د.إ764.8b | د.إ225.0b | 14x | 14.6x | 4.3x |
| Tue, 02 Apr 2024 | د.إ3.4t | د.إ736.8b | د.إ221.2b | 14.5x | 15.4x | 4.6x |
| Thu, 29 Feb 2024 | د.إ3.3t | د.إ739.6b | د.إ220.8b | 15.4x | 15.2x | 4.5x |
| Sat, 27 Jan 2024 | د.إ3.4t | د.إ656.6b | د.إ188.9b | 15.7x | 18.1x | 5.2x |
| Mon, 25 Dec 2023 | د.إ3.4t | د.إ653.9b | د.إ188.1b | 15.1x | 18.1x | 5.2x |
| Wed, 22 Nov 2023 | د.إ3.3t | د.إ650.4b | د.إ187.3b | 15.1x | 17.9x | 5.1x |
| Fri, 20 Oct 2023 | د.إ3.3t | د.إ627.5b | د.إ190.3b | 14.9x | 17.2x | 5.2x |
| Sun, 17 Sep 2023 | د.إ3.5t | د.إ616.4b | د.إ187.4b | 15.5x | 18.7x | 5.7x |
| Tue, 15 Aug 2023 | د.إ3.5t | د.إ613.5b | د.إ187.6b | 15.9x | 18.7x | 5.7x |
| Thu, 13 Jul 2023 | د.إ3.4t | د.إ601.5b | د.إ182.2b | 16.5x | 18.7x | 5.7x |
| Sat, 10 Jun 2023 | د.إ3.3t | د.إ664.3b | د.إ195.5b | 15.4x | 16.7x | 4.9x |
| Mon, 08 May 2023 | د.إ3.4t | د.إ655.9b | د.إ184.1b | 15.7x | 18.2x | 5.1x |
| Wed, 05 Apr 2023 | د.إ3.3t | د.إ642.3b | د.إ176.2b | 15x | 18.5x | 5.1x |
| Fri, 03 Mar 2023 | د.إ3.1t | د.إ563.5b | د.إ161.3b | 14.2x | 18.9x | 5.4x |
| Sun, 29 Jan 2023 | د.إ3.0t | د.إ558.4b | د.إ152.8b | 13.1x | 19.8x | 5.4x |
| Tue, 27 Dec 2022 | د.إ3.1t | د.إ554.4b | د.إ153.2b | 13.7x | 20.5x | 5.7x |
| Thu, 24 Nov 2022 | د.إ3.0t | د.إ543.2b | د.إ151.6b | 13.3x | 20.1x | 5.6x |
| Sat, 22 Oct 2022 | د.إ2.8t | د.إ513.3b | د.إ130.3b | 14x | 21.5x | 5.5x |
| Mon, 19 Sep 2022 | د.إ2.7t | د.إ509.2b | د.إ129.9b | 15x | 21.2x | 5.4x |
| Wed, 17 Aug 2022 | د.إ2.6t | د.إ507.9b | د.إ128.2b | 15.3x | 20.5x | 5.2x |
| Fri, 15 Jul 2022 | د.إ2.4t | د.إ479.8b | د.إ114.7b | 15.1x | 21x | 5x |
| Sun, 12 Jun 2022 | د.إ2.5t | د.إ478.6b | د.إ115.0b | 15.5x | 21.8x | 5.2x |
| Tue, 10 May 2022 | د.إ2.5t | د.إ435.0b | د.إ104.9b | 16x | 23.5x | 5.7x |
| Thu, 07 Apr 2022 | د.إ2.3t | د.إ396.2b | د.إ91.0b | 16x | 24.8x | 5.7x |
| Sat, 05 Mar 2022 | د.إ2.2t | د.إ372.9b | د.إ87.6b | 15x | 25.3x | 6x |
| Mon, 31 Jan 2022 | د.إ2.0t | د.إ345.7b | د.إ77.8b | 15.3x | 25.9x | 5.8x |
| Wed, 29 Dec 2021 | د.إ2.0t | د.إ341.7b | د.إ76.1b | 14.7x | 26.1x | 5.8x |
| Fri, 26 Nov 2021 | د.إ2.0t | د.إ342.0b | د.إ76.1b | 14.3x | 25.8x | 5.7x |
Price to Earnings Ratio
25.8x
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 15.1x which is lower than its 3-year average PE of 19.2x.
Past Earnings Growth
- The earnings for Emirian listed companies have grown 45% per year over the last three years.
- Revenues for these companies have grown 38% 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 | 0.14% | |
| Real Estate | 4.38% | |
| Energy | 0.81% | |
| Consumer Staples | 0.60% | |
| Financials | 0.46% | |
| Tech | 0.35% | |
| Industrials | 0.10% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Utilities | -1.15% | |
| Telecom | -1.24% | |
| Materials | -1.27% | |
| Healthcare | -1.41% | |
| Consumer Discretionary | -2.62% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth even though it's trading below its 3-year average PE ratio of 39.9x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 26.8%, which is higher than its past year's earnings growth of 17.5% per year.
- The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 10.8x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 27% over the next 5 years.
- This is better than its past earnings growth rate of 18% 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 | |
|---|---|---|---|---|---|---|
| EMAARDEV Emaar Development PJSC | د.إ10.95 | 11.8% +د.إ4.6b | 61.3% | PE6.1x | Real Estate | |
| ADNOCGAS ADNOC Gas | د.إ3.45 | 1.8% +د.إ4.6b | 5.2% | PE14.5x | Energy | |
| EMAAR Emaar Properties PJSC | د.إ9.43 | 5.5% +د.إ4.3b | 32.4% | PE7x | Real Estate | |
| SALIK Salik Company P.J.S.C | د.إ5.28 | 7.3% +د.إ2.7b | 73.7% | PE35.4x | Industrials | |
| FAB First Abu Dhabi Bank P.J.S.C | د.إ13.48 | 1.2% +د.إ1.8b | -1.0% | PB1.2x | Financials |
