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Emirati (ADX) Market Analysis & Valuation
UpdatedJan 06, 2025
DataAggregated Company Financials
Companies149
- 7D0.2%
- 3M5.6%
- 1Y1.2%
- YTD-0.1%
Over the last 7 days, the market has remained flat, although notably the Healthcare sector gained 3.9% in that time. Similarly, the market is flat for the past 12 months. Looking forward, earnings are forecast to grow by 5.4% 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 |
|---|---|---|---|---|---|---|
| Mon, 06 Jan 2025 | د.إ3.7t | د.إ928.2b | د.إ235.9b | 13.5x | 15.5x | 3.9x |
| Wed, 04 Dec 2024 | د.إ3.5t | د.إ922.6b | د.إ232.5b | 13.1x | 14.9x | 3.8x |
| Fri, 01 Nov 2024 | د.إ3.5t | د.إ869.1b | د.إ232.8b | 13.6x | 15x | 4x |
| Sun, 29 Sep 2024 | د.إ3.5t | د.إ849.5b | د.إ229.1b | 13.6x | 15.3x | 4.1x |
| Tue, 27 Aug 2024 | د.إ3.4t | د.إ834.1b | د.إ228.6b | 13.6x | 14.9x | 4.1x |
| Thu, 25 Jul 2024 | د.إ3.4t | د.إ790.9b | د.إ217.9b | 13.3x | 15.5x | 4.3x |
| Sat, 22 Jun 2024 | د.إ3.3t | د.إ781.8b | د.إ214.8b | 13.1x | 15.3x | 4.2x |
| Mon, 20 May 2024 | د.إ3.3t | د.إ781.7b | د.إ214.7b | 13.2x | 15.4x | 4.2x |
| Wed, 17 Apr 2024 | د.إ3.4t | د.إ751.8b | د.إ221.9b | 14.2x | 15.3x | 4.5x |
| Fri, 15 Mar 2024 | د.إ3.4t | د.إ739.0b | د.إ221.9b | 14.7x | 15.4x | 4.6x |
| Sun, 11 Feb 2024 | د.إ3.4t | د.إ658.7b | د.إ185.7b | 15.6x | 18.2x | 5.1x |
| Tue, 09 Jan 2024 | د.إ3.5t | د.إ653.9b | د.إ188.1b | 15.5x | 18.4x | 5.3x |
| Thu, 07 Dec 2023 | د.إ3.3t | د.إ651.4b | د.إ187.7b | 15.2x | 17.8x | 5.1x |
| Sat, 04 Nov 2023 | د.إ3.3t | د.إ645.6b | د.إ189.8b | 14.9x | 17.6x | 5.2x |
| Mon, 02 Oct 2023 | د.إ3.5t | د.إ626.9b | د.إ189.7b | 16.2x | 18.4x | 5.6x |
| Wed, 30 Aug 2023 | د.إ3.5t | د.إ616.6b | د.إ187.4b | 15.9x | 18.5x | 5.6x |
| Fri, 28 Jul 2023 | د.إ3.4t | د.إ606.2b | د.إ184.1b | 16.3x | 18.7x | 5.7x |
| Sun, 25 Jun 2023 | د.إ3.3t | د.إ664.4b | د.إ195.4b | 15.6x | 17.1x | 5x |
| Tue, 23 May 2023 | د.إ3.3t | د.إ663.9b | د.إ195.2b | 15.5x | 16.7x | 4.9x |
| Thu, 20 Apr 2023 | د.إ3.3t | د.إ643.5b | د.إ176.9b | 15.4x | 18.7x | 5.1x |
| Sat, 18 Mar 2023 | د.إ3.2t | د.إ640.7b | د.إ177.4b | 14.8x | 18.3x | 5.1x |
| Mon, 13 Feb 2023 | د.إ3.1t | د.إ567.5b | د.إ162.1b | 13.8x | 18.9x | 5.4x |
| Wed, 11 Jan 2023 | د.إ3.1t | د.إ554.4b | د.إ153.4b | 13.7x | 20.5x | 5.7x |
| Fri, 09 Dec 2022 | د.إ3.2t | د.إ545.6b | د.إ152.3b | 13.3x | 20.8x | 5.8x |
| Sun, 06 Nov 2022 | د.إ3.0t | د.إ528.9b | د.إ143.4b | 14x | 21.1x | 5.7x |
| Tue, 04 Oct 2022 | د.إ2.7t | د.إ509.2b | د.إ129.9b | 13.8x | 20.8x | 5.3x |
| Thu, 01 Sep 2022 | د.إ2.6t | د.إ508.3b | د.إ130.3b | 15.2x | 20x | 5.1x |
| Sat, 30 Jul 2022 | د.إ2.5t | د.إ459.6b | د.إ101.8b | 15.5x | 24.6x | 5.5x |
| Mon, 27 Jun 2022 | د.إ2.4t | د.إ475.6b | د.إ114.2b | 15.2x | 21.1x | 5.1x |
| Wed, 25 May 2022 | د.إ2.4t | د.إ455.5b | د.إ109.4b | 15.1x | 21.6x | 5.2x |
| Fri, 22 Apr 2022 | د.إ2.5t | د.إ420.5b | د.إ97.2b | 16x | 25.4x | 5.9x |
| Sun, 20 Mar 2022 | د.إ2.2t | د.إ391.3b | د.إ91.1b | 15.1x | 24.3x | 5.7x |
| Tue, 15 Feb 2022 | د.إ2.1t | د.إ368.3b | د.إ86.1b | 15.1x | 24.7x | 5.8x |
| Thu, 13 Jan 2022 | د.إ2.0t | د.إ342.4b | د.إ76.0b | 15x | 25.9x | 5.8x |
Price to Earnings Ratio
25.9x
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 15.5x which is lower than its 3-year average PE of 18.7x.
Past Earnings Growth
- The earnings for Emirian listed companies have grown 46% 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 | 0.20% | |
| Healthcare | 3.85% | |
| Utilities | 1.62% | |
| Energy | 0.87% | |
| Materials | 0.62% | |
| Real Estate | 0.36% | |
| Industrials | 0.29% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Consumer Discretionary | -0.11% | |
| Tech | -0.12% | |
| Consumer Staples | -0.68% | |
| Financials | -1.06% | |
| Telecom | -1.29% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 24.8x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 10.2% which is higher than its past year's earnings decline of 4.4% per year.
- The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 10.4x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 33% 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 | |
|---|---|---|---|---|---|---|
| DEWA Dubai Electricity and Water Authority (PJSC) | د.إ2.88 | 1.8% +د.إ2.5b | 16.6% | PE20.4x | Utilities | |
| ADNOCDRILL ADNOC Drilling Company P.J.S.C | د.إ5.43 | 2.6% +د.إ2.2b | 40.3% | PE19.2x | Energy | |
| ALDAR Aldar Properties PJSC | د.إ7.89 | 3.4% +د.إ2.0b | 48.3% | PE12.3x | Real Estate | |
| EMIRATESNBD Emirates NBD Bank PJSC | د.إ21.50 | 1.4% +د.إ1.9b | 22.9% | PB1.1x | Financials | |
| IHC International Holding Company PJSC | د.إ406.80 | 0.2% +د.إ1.8b | -0.8% | PE33.1x | Industrials |
