Why Investors Shouldn't Be Surprised By Salik Company P.J.S.C.'s (DFM:SALIK) 28% Share Price Surge
Nov 26
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Emirati (ADX) Market Analysis & Valuation
UpdatedNov 26, 2024
DataAggregated Company Financials
Companies143
- 7D-1.0%
- 3M1.9%
- 1Y-0.9%
- YTD-2.1%
In the last week, the market has been flat, with a notable exception in the Consumer Staples sector dropping 4.5%. In line with that, the market has also been flat over the past year. As for the next few years, earnings are expected to grow by 3.8% 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 |
|---|---|---|---|---|---|---|
| Wed, 27 Nov 2024 | د.إ3.5t | د.إ922.4b | د.إ232.5b | 13x | 14.9x | 3.8x |
| Fri, 25 Oct 2024 | د.إ3.4t | د.إ861.4b | د.إ232.1b | 13.6x | 14.8x | 4x |
| Sun, 22 Sep 2024 | د.إ3.5t | د.إ849.5b | د.إ229.1b | 13.6x | 15.2x | 4.1x |
| Tue, 20 Aug 2024 | د.إ3.4t | د.إ833.5b | د.إ228.9b | 13.5x | 14.7x | 4x |
| Thu, 18 Jul 2024 | د.إ3.3t | د.إ787.6b | د.إ216.3b | 13.7x | 15.5x | 4.2x |
| Sat, 15 Jun 2024 | د.إ3.3t | د.إ781.8b | د.إ214.8b | 13.2x | 15.2x | 4.2x |
| Mon, 13 May 2024 | د.إ3.3t | د.إ773.8b | د.إ224.8b | 13.9x | 14.8x | 4.3x |
| Wed, 10 Apr 2024 | د.إ3.4t | د.إ736.4b | د.إ220.9b | 14.1x | 15.3x | 4.6x |
| Fri, 08 Mar 2024 | د.إ3.4t | د.إ742.7b | د.إ222.0b | 15.1x | 15.3x | 4.6x |
| Sun, 04 Feb 2024 | د.إ3.4t | د.إ657.7b | د.إ192.3b | 15.6x | 17.8x | 5.2x |
| Tue, 02 Jan 2024 | د.إ3.5t | د.إ653.9b | د.إ188.1b | 15.1x | 18.4x | 5.3x |
| Thu, 30 Nov 2023 | د.إ3.4t | د.إ649.8b | د.إ187.3b | 15.3x | 17.9x | 5.2x |
| Sat, 28 Oct 2023 | د.إ3.2t | د.إ633.9b | د.إ185.0b | 14.9x | 17.4x | 5.1x |
| Mon, 25 Sep 2023 | د.إ3.5t | د.إ616.3b | د.إ187.5b | 16.2x | 18.8x | 5.7x |
| Wed, 23 Aug 2023 | د.إ3.5t | د.إ616.2b | د.إ187.4b | 16.2x | 18.6x | 5.7x |
| Fri, 21 Jul 2023 | د.إ3.4t | د.إ601.9b | د.إ182.6b | 16.2x | 18.7x | 5.7x |
| Sun, 18 Jun 2023 | د.إ3.3t | د.إ664.3b | د.إ195.4b | 16x | 16.9x | 5x |
| Tue, 16 May 2023 | د.إ3.3t | د.إ662.1b | د.إ185.6b | 16.4x | 17.6x | 4.9x |
| Thu, 13 Apr 2023 | د.إ3.3t | د.إ642.3b | د.إ176.2b | 15.4x | 18.5x | 5.1x |
| Sat, 11 Mar 2023 | د.إ3.0t | د.إ568.9b | د.إ159.9b | 14.4x | 19x | 5.3x |
| Mon, 06 Feb 2023 | د.إ3.0t | د.إ563.5b | د.إ154.3b | 13.1x | 19.8x | 5.4x |
| Wed, 04 Jan 2023 | د.إ3.2t | د.إ554.4b | د.إ153.4b | 13.8x | 20.6x | 5.7x |
| Fri, 02 Dec 2022 | د.إ3.2t | د.إ545.2b | د.إ152.4b | 13.5x | 20.8x | 5.8x |
| Sun, 30 Oct 2022 | د.إ2.9t | د.إ518.7b | د.إ133.3b | 13.7x | 21.6x | 5.5x |
| Tue, 27 Sep 2022 | د.إ2.7t | د.إ509.2b | د.إ129.9b | 14.3x | 21x | 5.3x |
| Thu, 25 Aug 2022 | د.إ2.6t | د.إ508.3b | د.إ128.2b | 15x | 20.4x | 5.1x |
| Sat, 23 Jul 2022 | د.إ2.5t | د.إ480.1b | د.إ114.7b | 15.4x | 21.6x | 5.2x |
| Mon, 20 Jun 2022 | د.إ2.5t | د.إ478.7b | د.إ115.0b | 15.1x | 21.5x | 5.2x |
| Wed, 18 May 2022 | د.إ2.4t | د.إ455.2b | د.إ109.5b | 15.2x | 22.1x | 5.3x |
| Fri, 15 Apr 2022 | د.إ2.4t | د.إ396.1b | د.إ91.0b | 15.7x | 26.7x | 6.1x |
| Sun, 13 Mar 2022 | د.إ2.2t | د.إ375.8b | د.إ89.4b | 15x | 24.8x | 5.9x |
| Tue, 08 Feb 2022 | د.إ2.0t | د.إ360.4b | د.إ84.2b | 15.5x | 24.2x | 5.6x |
| Thu, 06 Jan 2022 | د.إ2.0t | د.إ342.1b | د.إ76.0b | 14.6x | 26.2x | 5.8x |
| Sat, 04 Dec 2021 | د.إ2.0t | د.إ342.0b | د.إ76.0b | 14x | 26.2x | 5.8x |
Price to Earnings Ratio
26.2x
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 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 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 | -0.65% | |
| Real Estate | 1.73% | |
| Financials | 1.06% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Utilities | -0.18% | |
| Materials | -0.19% | |
| Energy | -0.45% | |
| Telecom | -1.04% | |
| Healthcare | -1.86% | |
| Industrials | -1.95% | |
| Consumer Discretionary | -2.52% | |
| Tech | -3.02% | |
| Consumer Staples | -5.65% | |
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 40.6x.
- 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 10.7x.
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 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 | |
|---|---|---|---|---|---|---|
| EMIRATESNBD Emirates NBD Bank PJSC | د.إ20.50 | 5.7% +د.إ6.9b | 14.8% | PB1.1x | Financials | |
| SALIK Salik Company P.J.S.C | د.إ5.70 | 6.9% +د.إ2.8b | 77.0% | PE38.3x | Industrials | |
| EMAARDEV Emaar Development PJSC | د.إ11.30 | 5.6% +د.إ2.4b | 65.9% | PE6.3x | Real Estate | |
| ADCB Abu Dhabi Commercial Bank PJSC | د.إ9.88 | 2.4% +د.إ1.7b | 16.9% | PB1x | Financials | |
| ADNOCDRILL ADNOC Drilling Company P.J.S.C | د.إ5.43 | 1.9% +د.إ1.6b | 42.1% | PE19.2x | Energy |
