Dubai Electricity and Water Authority (PJSC) (DFM:DEWA) Just Released Its Third-Quarter Results And Analysts Are Updating Their Estimates
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Emirati (ADX) Market Analysis & Valuation
UpdatedNov 30, 2024
DataAggregated Company Financials
Companies144
- 7D0.9%
- 3M3.5%
- 1Y0.03%
- YTD-1.3%
In the last week, the market has stayed flat, however the Utilities sector stood out, gaining 4.0%. Similarly, the market is flat for the past 12 months. As for the next few years, earnings are expected to grow by 4.9% 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 |
|---|---|---|---|---|---|---|
| Sat, 30 Nov 2024 | د.إ3.5t | د.إ922.6b | د.إ232.5b | 13.1x | 14.9x | 3.8x |
| Mon, 28 Oct 2024 | د.إ3.4t | د.إ861.8b | د.إ231.3b | 13.6x | 14.9x | 4x |
| Wed, 25 Sep 2024 | د.إ3.5t | د.إ848.7b | د.إ228.7b | 13.5x | 15.2x | 4.1x |
| Fri, 23 Aug 2024 | د.إ3.4t | د.إ834.1b | د.إ228.6b | 13.7x | 14.9x | 4.1x |
| Sun, 21 Jul 2024 | د.إ3.4t | د.إ790.6b | د.إ218.2b | 13.3x | 15.4x | 4.3x |
| Tue, 18 Jun 2024 | د.إ3.3t | د.إ781.8b | د.إ214.9b | 13.2x | 15.2x | 4.2x |
| Thu, 16 May 2024 | د.إ3.3t | د.إ778.1b | د.إ223.7b | 14.2x | 14.8x | 4.3x |
| Sat, 13 Apr 2024 | د.إ3.4t | د.إ735.6b | د.إ220.9b | 14.1x | 15.3x | 4.6x |
| Mon, 11 Mar 2024 | د.إ3.4t | د.إ738.2b | د.إ221.1b | 14.9x | 15.4x | 4.6x |
| Wed, 07 Feb 2024 | د.إ3.4t | د.إ653.2b | د.إ192.1b | 15.6x | 17.5x | 5.1x |
| Fri, 05 Jan 2024 | د.إ3.5t | د.إ653.9b | د.إ188.1b | 15.4x | 18.4x | 5.3x |
| Sun, 03 Dec 2023 | د.إ3.3t | د.إ649.5b | د.إ187.3b | 15.5x | 17.8x | 5.1x |
| Tue, 31 Oct 2023 | د.إ3.2t | د.إ638.7b | د.إ186.8b | 14.8x | 17.4x | 5.1x |
| Thu, 28 Sep 2023 | د.إ3.5t | د.إ626.9b | د.إ189.7b | 16.1x | 18.5x | 5.6x |
| Sat, 26 Aug 2023 | د.إ3.5t | د.إ616.2b | د.إ187.4b | 16.1x | 18.5x | 5.6x |
| Mon, 24 Jul 2023 | د.إ3.4t | د.إ603.8b | د.إ184.3b | 16.2x | 18.6x | 5.7x |
| Wed, 21 Jun 2023 | د.إ3.3t | د.إ664.5b | د.إ195.4b | 15.7x | 16.9x | 5x |
| Fri, 19 May 2023 | د.إ3.3t | د.إ663.5b | د.إ195.2b | 16.2x | 16.7x | 4.9x |
| Sun, 16 Apr 2023 | د.إ3.3t | د.إ642.8b | د.إ176.8b | 15.5x | 18.5x | 5.1x |
| Tue, 14 Mar 2023 | د.إ3.1t | د.إ575.2b | د.إ159.1b | 14.2x | 19.2x | 5.3x |
| Thu, 09 Feb 2023 | د.إ3.1t | د.إ564.8b | د.إ154.6b | 14x | 19.8x | 5.4x |
| Sat, 07 Jan 2023 | د.إ3.1t | د.إ554.4b | د.إ153.4b | 13.8x | 20.5x | 5.7x |
| Mon, 05 Dec 2022 | د.إ3.2t | د.إ545.2b | د.إ152.4b | 13.5x | 20.8x | 5.8x |
| Wed, 02 Nov 2022 | د.إ3.0t | د.إ519.3b | د.إ133.6b | 13.9x | 22.4x | 5.8x |
| Fri, 30 Sep 2022 | د.إ2.7t | د.إ509.2b | د.إ129.9b | 14.1x | 20.9x | 5.3x |
| Sun, 28 Aug 2022 | د.إ2.6t | د.إ508.3b | د.إ130.3b | 15.2x | 20.2x | 5.2x |
| Tue, 26 Jul 2022 | د.إ2.5t | د.إ481.3b | د.إ115.8b | 15.4x | 21.4x | 5.1x |
| Thu, 23 Jun 2022 | د.إ2.4t | د.إ475.6b | د.إ114.2b | 15.2x | 21.1x | 5.1x |
| Sat, 21 May 2022 | د.إ2.5t | د.إ455.5b | د.إ109.4b | 15.5x | 22.5x | 5.4x |
| Mon, 18 Apr 2022 | د.إ2.5t | د.إ419.9b | د.إ97.1b | 16x | 25.2x | 5.8x |
| Wed, 16 Mar 2022 | د.إ2.2t | د.إ375.9b | د.إ89.6b | 15.2x | 24.4x | 5.8x |
| Fri, 11 Feb 2022 | د.إ2.1t | د.إ364.6b | د.إ85.2b | 15.2x | 24.6x | 5.7x |
| Sun, 09 Jan 2022 | د.إ2.0t | د.إ342.4b | د.إ76.0b | 14.9x | 26.2x | 5.8x |
| Tue, 07 Dec 2021 | د.إ2.1t | د.إ342.0b | د.إ76.0b | 14.3x | 27.1x | 6x |
Price to Earnings Ratio
27.1x
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 14.9x which is lower than its 3-year average PE of 19.1x.
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 | 0.90% | |
| Utilities | 3.98% | |
| Materials | 1.59% | |
| Financials | 1.27% | |
| Real Estate | 1.23% | |
| Energy | 1.00% | |
| Industrials | 0.14% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Healthcare | -0.71% | |
| Consumer Discretionary | -1.10% | |
| Telecom | -1.65% | |
| Tech | -1.96% | |
| Consumer Staples | -3.56% | |
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 40.8x.
- 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 | |
|---|---|---|---|---|---|---|
| TAQA Abu Dhabi National Energy Company PJSC | د.إ2.91 | 2.8% +د.إ9.0b | -8.2% | PE42.7x | Utilities | |
| DEWA Dubai Electricity and Water Authority (PJSC) | د.إ2.64 | 6.9% +د.إ8.5b | 4.3% | PE18.7x | Utilities | |
| ADCB Abu Dhabi Commercial Bank PJSC | د.إ10.02 | 6.0% +د.إ4.2b | 18.0% | PB1x | Financials | |
| ALPHADHABI Alpha Dhabi Holding PJSC | د.إ11.54 | 3.2% +د.إ3.6b | -39.7% | PE13.6x | Industrials | |
| EMIRATESNBD Emirates NBD Bank PJSC | د.إ20.00 | 2.6% +د.إ3.2b | 14.3% | PB1x | Financials |
