Bahraini (BAX) Market Analysis & Valuation
UpdatedApr 27, 2024
DataAggregated Company Financials
Companies32
- 7D-0.5%
- 3M-0.07%
- 1Y10.9%
- YTD3.6%
The market has been flat in the last week, however the Real Estate sector is down 3.4%. As for the longer term, the market has risen 11% in the past 12 months. As for the next few years, earnings are expected to grow by 32% per annum.
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, 27 Apr 2024 | ب.د8.0b | ب.د4.7b | ب.د642.9m | 11.4x | 12.5x | 1.7x |
| Mon, 25 Mar 2024 | ب.د7.7b | ب.د4.7b | ب.د661.9m | 11x | 11.6x | 1.6x |
| Wed, 21 Feb 2024 | ب.د7.6b | ب.د4.6b | ب.د671.0m | 11.6x | 11.4x | 1.7x |
| Fri, 19 Jan 2024 | ب.د7.8b | ب.د5.4b | ب.د681.6m | 11.5x | 11.5x | 1.4x |
| Sun, 17 Dec 2023 | ب.د7.5b | ب.د5.4b | ب.د681.6m | 11.4x | 11.1x | 1.4x |
| Tue, 14 Nov 2023 | ب.د7.5b | ب.د5.5b | ب.د697.6m | 11.3x | 10.8x | 1.4x |
| Thu, 12 Oct 2023 | ب.د7.5b | ب.د5.4b | ب.د718.3m | 11.3x | 10.5x | 1.4x |
| Sat, 09 Sep 2023 | ب.د7.5b | ب.د5.4b | ب.د718.3m | 11.7x | 10.4x | 1.4x |
| Mon, 07 Aug 2023 | ب.د7.4b | ب.د5.2b | ب.د884.5m | 12.2x | 8.4x | 1.4x |
| Wed, 05 Jul 2023 | ب.د7.3b | ب.د5.2b | ب.د884.4m | 12x | 8.3x | 1.4x |
| Fri, 02 Jun 2023 | ب.د7.5b | ب.د5.5b | ب.د874.7m | 11.7x | 8.6x | 1.4x |
| Sun, 30 Apr 2023 | ب.د7.1b | ب.د5.6b | ب.د1.0b | 10.8x | 7x | 1.3x |
| Tue, 28 Mar 2023 | ب.د7.1b | ب.د5.6b | ب.د1.0b | 10.8x | 7x | 1.3x |
| Thu, 23 Feb 2023 | ب.د7.4b | ب.د5.5b | ب.د1.0b | 11.1x | 7.3x | 1.3x |
| Sat, 21 Jan 2023 | ب.د7.4b | ب.د5.7b | ب.د1.2b | 11x | 6x | 1.3x |
| Mon, 19 Dec 2022 | ب.د6.9b | ب.د5.7b | ب.د1.2b | 10.9x | 5.6x | 1.2x |
| Wed, 16 Nov 2022 | ب.د7.1b | ب.د5.7b | ب.د1.2b | 11.2x | 5.8x | 1.2x |
| Fri, 14 Oct 2022 | ب.د17.9b | ب.د6.6b | ب.د1.8b | 11.5x | 9.7x | 2.7x |
| Sun, 11 Sep 2022 | ب.د18.2b | ب.د6.6b | ب.د1.8b | 11.6x | 9.9x | 2.8x |
| Tue, 09 Aug 2022 | ب.د18.1b | ب.د6.2b | ب.د1.7b | 11.5x | 10.7x | 2.9x |
| Thu, 07 Jul 2022 | ب.د17.5b | ب.د6.2b | ب.د1.7b | 13.1x | 10.6x | 2.8x |
| Sat, 04 Jun 2022 | ب.د17.5b | ب.د6.0b | ب.د1.7b | 13.1x | 10.5x | 2.9x |
| Mon, 02 May 2022 | ب.د19.2b | ب.د5.8b | ب.د1.5b | 13.4x | 12.7x | 3.3x |
| Wed, 30 Mar 2022 | ب.د19.0b | ب.د5.8b | ب.د1.5b | 14.4x | 12.6x | 3.3x |
| Fri, 25 Feb 2022 | ب.د17.9b | ب.د5.8b | ب.د1.5b | 14.1x | 11.8x | 3.1x |
| Sun, 23 Jan 2022 | ب.د16.7b | ب.د5.4b | ب.د1.1b | 14.6x | 15.7x | 3.1x |
| Tue, 21 Dec 2021 | ب.د16.4b | ب.د5.4b | ب.د1.1b | 14.3x | 15.5x | 3x |
| Thu, 18 Nov 2021 | ب.د16.6b | ب.د5.4b | ب.د1.1b | 14.5x | 15.8x | 3.1x |
| Sat, 16 Oct 2021 | ب.د16.2b | ب.د5.2b | ب.د845.0m | 14.7x | 19.1x | 3.1x |
| Mon, 13 Sep 2021 | ب.د15.6b | ب.د5.2b | ب.د850.7m | 14.8x | 18.3x | 3x |
| Wed, 11 Aug 2021 | ب.د15.6b | ب.د5.3b | ب.د835.2m | 13.6x | 18.7x | 3x |
| Sun, 06 Jun 2021 | ب.د14.3b | ب.د5.0b | ب.د690.1m | 13.5x | 20.7x | 2.9x |
Price to Earnings Ratio
20.1x
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 11.9x.
Past Earnings Growth
- The earnings for companies in the Bahraini industry have declined 2.3% per year over the last three years.
- Revenues have also declined 2.1% 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 | -0.49% | |
| Telecom | 0.18% | |
| Energy | 0% | |
| Consumer Discretionary | 0% | |
| Healthcare | 0% | |
| Tech | 0% | |
| Utilities | 0% | |
| Materials | -0.39% | |
| Financials | -0.60% | |
| Industrials | -1.78% | |
| Consumer Staples | -2.11% | |
| Real Estate | -3.45% | |
Sector PE
- Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 6.5x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 31.6% which is higher than its past year's earnings decline of 71.6% per year.
- The Consumer Staples sector is the least preferred by investors for future growth, which is trading below its 3-year average of 10.9x.
Forecasted Growth
- Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 32% over the next 5 years.
- This is better than its past earnings decline of 72% per year.
- In contrast, the Materials sector is expected to see its earnings grow by 32% 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 | |
|---|---|---|---|---|---|---|
| BBK Bank of Bahrain and Kuwait B.S.C | ب.د0.51 | 1.4% +ب.د12.6m | 7.6% | PB1.5x | Financials | |
| BEYON Bahrain Telecommunications Company BSC | ب.د0.51 | 0.2% +ب.د1.7m | 10.0% | PE11.6x | Telecom | |
| ESTERAD Esterad Investment Company BSC | ب.د0.20 | 0.5% +ب.د153.8k | n/a | PE5.7x | Financials | |
| CPARK Bahrain Car Parks Company (Amakin) B.S.C | ب.د0.10 | 1.0% +ب.د109.3k | n/a | PE10.3x | Industrials |
