The ADNOC Drilling Company P.J.S.C. (ADX:ADNOCDRILL) Second-Quarter Results Are Out And Analysts Have Published New Forecasts
Aug 02
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Emirati (ADX) Market Analysis & Valuation
UpdatedAug 02, 2025
DataAggregated Company Financials
Companies150
- 7D-0.2%
- 3M9.0%
- 1Y17.8%
- YTD8.9%
Over the last 7 days, the market has remained flat, although notably the Consumer Staples sector declined by 3.4%. More promisingly, the market is up 18% over the past year. As for the next few years, earnings are expected to grow by 6.6% 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, 02 Aug 2025 | د.إ4.0t | د.إ1.1t | د.إ236.5b | 13.3x | 17x | 3.8x |
| Mon, 30 Jun 2025 | د.إ3.9t | د.إ1.0t | د.إ240.2b | 13.1x | 16.2x | 3.7x |
| Wed, 28 May 2025 | د.إ3.8t | د.إ1.0t | د.إ240.2b | 12.5x | 15.8x | 3.6x |
| Fri, 25 Apr 2025 | د.إ3.8t | د.إ1.0t | د.إ238.0b | 12.7x | 15.9x | 3.8x |
| Sun, 23 Mar 2025 | د.إ3.6t | د.إ997.9b | د.إ237.5b | 13x | 15.3x | 3.6x |
| Tue, 18 Feb 2025 | د.إ3.7t | د.إ954.0b | د.إ244.6b | 13.4x | 15.3x | 3.9x |
| Thu, 16 Jan 2025 | د.إ3.7t | د.إ928.2b | د.إ235.9b | 13.5x | 15.8x | 4x |
| Sat, 14 Dec 2024 | د.إ3.6t | د.إ928.2b | د.إ235.9b | 12.7x | 15.1x | 3.8x |
| Mon, 11 Nov 2024 | د.إ3.5t | د.إ884.1b | د.إ232.3b | 13.4x | 15.1x | 4x |
| Wed, 09 Oct 2024 | د.إ3.4t | د.إ847.1b | د.إ228.2b | 13.6x | 15.1x | 4.1x |
| Fri, 06 Sep 2024 | د.إ3.4t | د.إ834.2b | د.إ228.7b | 13.6x | 15x | 4.1x |
| Sun, 04 Aug 2024 | د.إ3.4t | د.إ803.1b | د.إ227.2b | 13.2x | 14.9x | 4.2x |
| Tue, 02 Jul 2024 | د.إ3.3t | د.إ786.5b | د.إ216.1b | 13.4x | 15.3x | 4.2x |
| Thu, 30 May 2024 | د.إ3.2t | د.إ781.6b | د.إ215.0b | 12.5x | 14.7x | 4.1x |
| Sat, 27 Apr 2024 | د.إ3.3t | د.إ756.8b | د.إ224.2b | 14.1x | 14.7x | 4.4x |
| Mon, 25 Mar 2024 | د.إ3.4t | د.إ738.8b | د.إ221.0b | 15.2x | 15.6x | 4.7x |
| Wed, 21 Feb 2024 | د.إ3.4t | د.إ738.3b | د.إ206.5b | 15.7x | 16.4x | 4.6x |
| Fri, 19 Jan 2024 | د.إ3.5t | د.إ654.5b | د.إ188.1b | 15.7x | 18.4x | 5.3x |
| Sun, 17 Dec 2023 | د.إ3.3t | د.إ653.9b | د.إ188.1b | 15.1x | 17.8x | 5.1x |
| Tue, 14 Nov 2023 | د.إ3.4t | د.إ648.7b | د.إ189.4b | 15.3x | 17.8x | 5.2x |
| Thu, 12 Oct 2023 | د.إ3.4t | د.إ627.5b | د.إ190.3b | 15.5x | 18x | 5.4x |
| Sat, 09 Sep 2023 | د.إ3.5t | د.إ616.4b | د.إ187.4b | 15.5x | 18.4x | 5.6x |
| Mon, 07 Aug 2023 | د.إ3.5t | د.إ615.9b | د.إ187.8b | 16.4x | 18.4x | 5.6x |
| Wed, 05 Jul 2023 | د.إ3.4t | د.إ601.5b | د.إ182.2b | 15.8x | 18.7x | 5.7x |
| Fri, 02 Jun 2023 | د.إ3.2t | د.إ664.4b | د.إ195.5b | 15.6x | 16.6x | 4.9x |
| Sun, 30 Apr 2023 | د.إ3.4t | د.إ648.8b | د.إ179.8b | 15.7x | 18.7x | 5.2x |
| Tue, 28 Mar 2023 | د.إ3.2t | د.إ641.9b | د.إ177.4b | 15.6x | 18x | 5x |
| Thu, 23 Feb 2023 | د.إ3.0t | د.إ563.0b | د.إ161.3b | 13.5x | 18.9x | 5.4x |
| Sat, 21 Jan 2023 | د.إ3.1t | د.إ554.3b | د.إ153.3b | 13.6x | 20.5x | 5.7x |
| Mon, 19 Dec 2022 | د.إ3.2t | د.إ554.4b | د.إ153.2b | 13.4x | 20.6x | 5.7x |
| Wed, 16 Nov 2022 | د.إ3.0t | د.إ542.8b | د.إ151.4b | 13.3x | 20x | 5.6x |
| Fri, 14 Oct 2022 | د.إ2.7t | د.إ513.0b | د.إ130.3b | 13.9x | 20.9x | 5.3x |
| Sun, 11 Sep 2022 | د.إ2.6t | د.إ509.2b | د.إ129.9b | 15.2x | 19.9x | 5.1x |
| Tue, 09 Aug 2022 | د.إ2.6t | د.إ497.2b | د.إ122.9b | 14.7x | 21.2x | 5.3x |
Price to Earnings Ratio
21.2x
Current Market PE
- Investors are relatively neutral on the Emirian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 17.2x.
Past Earnings Growth
- The earnings for Emirian listed companies have grown 24% per year over the last three years.
- Revenues for these companies have grown 29% 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 | -0.23% | |
| Energy | 1.62% | |
| Tech | 1.46% | |
| Industrials | 0.44% | |
| Materials | -0.12% | |
| Telecom | -0.14% | |
| Consumer Discretionary | -0.47% | |
| Utilities | -0.77% | |
| Financials | -0.88% | |
| Real Estate | -1.85% | |
| Healthcare | -2.86% | |
| Consumer Staples | -3.41% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 26.7x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 13.9% which is higher than its past year's earnings decline of 2.7% per year.
- The Real Estate sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 9.2x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 23% over the next 5 years.
- This is better than its past earnings growth rate of 13% per year.
- In contrast, the Telecom 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 | |
|---|---|---|---|---|---|---|
| ADNOCGAS ADNOC Gas | د.إ3.32 | 1.5% +د.إ3.8b | 9.2% | PE13.6x | Energy | |
| ALPHADHABI Alpha Dhabi Holding PJSC | د.إ12.36 | 2.3% +د.إ2.8b | 0.5% | PE21.1x | Industrials | |
| MULTIPLY Multiply Group PJSC | د.إ2.89 | 8.2% +د.إ2.5b | 26.2% | PE8.2x | Industrials | |
| ADNOCDRILL ADNOC Drilling Company P.J.S.C | د.إ5.82 | 2.1% +د.إ1.9b | 30.5% | PE17.8x | Energy | |
| CBD Commercial Bank of Dubai PSC | د.إ9.99 | 3.4% +د.إ985.1m | 56.8% | PB1.7x | Financials |
