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Bahraini (BAX) Market Analysis & Valuation
UpdatedDec 28, 2024
DataAggregated Company Financials
Companies29
- 7D-0.8%
- 3M-1.0%
- 1Y0.1%
- YTD0.8%
Over the last 7 days, the market has remained flat, with no particular sector making any big moves this week. As for the longer term, the market has also been flat over the past year. Looking forward, earnings are forecast to grow by 6.0% annually.
Market Valuation and Performance
Has the Bahraini Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 28 Dec 2024 | ب.د7.4b | ب.د4.7b | ب.د779.4m | 9.9x | 9.4x | 1.6x |
| Mon, 25 Nov 2024 | ب.د7.5b | ب.د4.8b | ب.د766.1m | 10.1x | 9.8x | 1.6x |
| Wed, 23 Oct 2024 | ب.د7.4b | ب.د4.9b | ب.د721.8m | 11x | 10.2x | 1.5x |
| Fri, 20 Sep 2024 | ب.د7.5b | ب.د4.8b | ب.د716.4m | 11.1x | 10.4x | 1.6x |
| Sun, 18 Aug 2024 | ب.د7.2b | ب.د4.8b | ب.د717.1m | 11.2x | 10.1x | 1.5x |
| Tue, 16 Jul 2024 | ب.د7.2b | ب.د4.7b | ب.د643.8m | 11.7x | 11.2x | 1.5x |
| Thu, 13 Jun 2024 | ب.د8.1b | ب.د4.7b | ب.د649.0m | 11.7x | 12.5x | 1.7x |
| Sat, 11 May 2024 | ب.د8.1b | ب.د4.7b | ب.د640.9m | 11.7x | 12.6x | 1.7x |
| Mon, 08 Apr 2024 | ب.د8.0b | ب.د4.7b | ب.د644.8m | 11.4x | 12.4x | 1.7x |
| Wed, 06 Mar 2024 | ب.د7.5b | ب.د4.7b | ب.د658.5m | 11.4x | 11.4x | 1.6x |
| Fri, 02 Feb 2024 | ب.د8.1b | ب.د5.6b | ب.د762.0m | 11.4x | 10.6x | 1.4x |
| Sun, 31 Dec 2023 | ب.د7.7b | ب.د5.4b | ب.د681.6m | 11.6x | 11.3x | 1.4x |
| Tue, 28 Nov 2023 | ب.د7.6b | ب.د5.4b | ب.د681.6m | 11.6x | 11.2x | 1.4x |
| Thu, 26 Oct 2023 | ب.د7.5b | ب.د5.4b | ب.د718.3m | 11.4x | 10.5x | 1.4x |
| Sat, 23 Sep 2023 | ب.د7.5b | ب.د5.4b | ب.د718.3m | 11.6x | 10.4x | 1.4x |
| Mon, 21 Aug 2023 | ب.د7.5b | ب.د5.6b | ب.د870.8m | 11.6x | 8.7x | 1.4x |
| Wed, 19 Jul 2023 | ب.د7.4b | ب.د5.2b | ب.د884.4m | 12x | 8.3x | 1.4x |
| Fri, 16 Jun 2023 | ب.د7.3b | ب.د5.2b | ب.د883.1m | 11.7x | 8.3x | 1.4x |
| Sun, 14 May 2023 | ب.د7.3b | ب.د5.6b | ب.د916.8m | 11.9x | 8x | 1.3x |
| Tue, 11 Apr 2023 | ب.د7.0b | ب.د5.6b | ب.د1.0b | 10.7x | 6.9x | 1.2x |
| Thu, 09 Mar 2023 | ب.د7.4b | ب.د5.6b | ب.د1.0b | 11.4x | 7.4x | 1.3x |
| Sat, 04 Feb 2023 | ب.د7.4b | ب.د5.7b | ب.د1.2b | 10.9x | 6x | 1.3x |
| Mon, 02 Jan 2023 | ب.د7.2b | ب.د5.7b | ب.د1.2b | 11.2x | 5.9x | 1.3x |
| Wed, 30 Nov 2022 | ب.د7.0b | ب.د5.7b | ب.د1.2b | 10.9x | 5.7x | 1.2x |
| Fri, 28 Oct 2022 | ب.د17.9b | ب.د6.6b | ب.د1.8b | 11.4x | 9.7x | 2.7x |
| Sun, 25 Sep 2022 | ب.د18.2b | ب.د6.6b | ب.د1.8b | 11.4x | 9.9x | 2.8x |
| Tue, 23 Aug 2022 | ب.د18.0b | ب.د6.6b | ب.د1.8b | 11.7x | 9.9x | 2.8x |
| Thu, 21 Jul 2022 | ب.د17.3b | ب.د6.2b | ب.د1.7b | 12.8x | 10.5x | 2.8x |
| Sat, 18 Jun 2022 | ب.د16.9b | ب.د6.2b | ب.د1.7b | 13.1x | 10.2x | 2.7x |
| Mon, 16 May 2022 | ب.د18.2b | ب.د6.1b | ب.د1.6b | 13.8x | 11.3x | 3x |
| Wed, 13 Apr 2022 | ب.د19.7b | ب.د5.9b | ب.د1.5b | 14.1x | 13x | 3.4x |
| Fri, 11 Mar 2022 | ب.د18.8b | ب.د5.8b | ب.د1.5b | 14x | 12.5x | 3.2x |
| Sun, 06 Feb 2022 | ب.د16.8b | ب.د5.4b | ب.د1.1b | 14.8x | 15.8x | 3.1x |
| Tue, 04 Jan 2022 | ب.د16.6b | ب.د5.4b | ب.د1.1b | 14.6x | 15.6x | 3.1x |
Price to Earnings Ratio
15.6x
Current Market PE
- Investors are relatively neutral on the Bahraini 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 10.2x.
Past Earnings Growth
- The earnings for companies in the Bahraini industry have declined 9.8% per year over the last three years.
- Revenues have also declined 4.4% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Sector Trends
Which sectors have driven the changes within the Bahraini Market?
| BH Market | -0.80% | |
| Real Estate | 1.79% | |
| Energy | 0% | |
| Consumer Staples | 0% | |
| Healthcare | 0% | |
| Tech | 0% | |
| Telecom | 0% | |
| Utilities | 0% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Financials | -0.042% | |
| Industrials | -0.46% | |
| Consumer Discretionary | -0.86% | |
| Materials | -2.59% | |
Sector PE
- Investors favour the Telecom sector the most for future growth, which is trading close to its 3-year average PE ratio of 12.1x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Real Estate sector is the least preferred by investors for future growth, which is trading below its 3-year average of 12.0x.
Forecasted Growth
- Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 6.0% over the next 5 years.
- However this is lower than its past earnings growth rate of 27% per year.
- In contrast, the Materials sector is expected to see its earnings grow by 6.0% per year 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 | |
|---|---|---|---|---|---|---|
| NBB National Bank of Bahrain B.S.C | ب.د0.49 | 0.2% +ب.د2.3m | -18.3% | PB1.9x | Financials | |
| SEEF Seef Properties B.S.C | ب.د0.11 | 1.8% +ب.د915.5k | -26.9% | PE9x | Real Estate | |
| ABRAAJ Al Abraaj Restaurants Group B.S.C | ب.د0.24 | 1.3% +ب.د327.3k | n/a | n/a | Consumer Discretionary |
