Egyptian (OMX) Market Analysis & Valuation
UpdatedApr 27, 2024
DataAggregated Company Financials
Companies204
- 7D-7.5%
- 3M-12.3%
- 1Y45.4%
- YTD-1.1%
Over the last 7 days, the market has dropped 7.5%, driven by a pullback of 6.2% in the Financials sector. As for the longer term, the market has actually risen by 45% in the last year. Earnings are forecast to grow by 16% annually.
Market Valuation and Performance
Has the Egyptian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 27 Apr 2024 | ج.م1.6t | ج.م1.2t | ج.م185.6b | 9.2x | 8.4x | 1.3x |
| Mon, 25 Mar 2024 | ج.م1.7t | ج.م1.2t | ج.م176.1b | 10.2x | 9.7x | 1.5x |
| Wed, 21 Feb 2024 | ج.م1.9t | ج.م1.1t | ج.م167.3b | 14x | 11.3x | 1.7x |
| Fri, 19 Jan 2024 | ج.م1.7t | ج.م1.1t | ج.م162.7b | 12.2x | 10.4x | 1.6x |
| Sun, 17 Dec 2023 | ج.م1.5t | ج.م1.0t | ج.م157.4b | 11.5x | 9.5x | 1.4x |
| Tue, 14 Nov 2023 | ج.م1.4t | ج.م1.0t | ج.م151.9b | 10.6x | 9.5x | 1.4x |
| Thu, 12 Oct 2023 | ج.م1.2t | ج.م973.1b | ج.م146.3b | 9.2x | 8x | 1.2x |
| Sat, 09 Sep 2023 | ج.م1.1t | ج.م966.3b | ج.م147.2b | 9.9x | 7.7x | 1.2x |
| Mon, 07 Aug 2023 | ج.م1.0t | ج.م911.2b | ج.م146.2b | 10.1x | 7.1x | 1.1x |
| Wed, 05 Jul 2023 | ج.م993.4b | ج.م876.4b | ج.م141.7b | 10.5x | 7x | 1.1x |
| Fri, 02 Jun 2023 | ج.م977.8b | ج.م848.1b | ج.م134.1b | 10.4x | 7.3x | 1.2x |
| Sun, 30 Apr 2023 | ج.م975.4b | ج.م815.8b | ج.م127.0b | 10.9x | 7.7x | 1.2x |
| Tue, 28 Mar 2023 | ج.م859.6b | ج.م805.1b | ج.م126.4b | 9.5x | 6.8x | 1.1x |
| Thu, 23 Feb 2023 | ج.م900.7b | ج.م779.7b | ج.م110.1b | 11x | 8.2x | 1.2x |
| Sat, 21 Jan 2023 | ج.م890.8b | ج.م767.8b | ج.م107.0b | 11.2x | 8.3x | 1.2x |
| Mon, 19 Dec 2022 | ج.م825.9b | ج.م760.7b | ج.م104.2b | 11x | 7.9x | 1.1x |
| Wed, 16 Nov 2022 | ج.م674.7b | ج.م650.5b | ج.م100.0b | 10x | 6.7x | 1x |
| Fri, 14 Oct 2022 | ج.م584.5b | ج.م647.5b | ج.م98.2b | 9.3x | 6x | 0.9x |
| Sun, 11 Sep 2022 | ج.م591.0b | ج.م643.0b | ج.م97.3b | 9.6x | 6.1x | 0.9x |
| Tue, 09 Aug 2022 | ج.م561.2b | ج.م611.2b | ج.م91.9b | 9.2x | 6.1x | 0.9x |
| Thu, 07 Jul 2022 | ج.م487.2b | ج.م604.2b | ج.م89.1b | 8.1x | 5.5x | 0.8x |
| Sat, 04 Jun 2022 | ج.م545.3b | ج.م584.5b | ج.م84.4b | 8.8x | 6.5x | 0.9x |
| Mon, 02 May 2022 | ج.م597.8b | ج.م570.2b | ج.م83.6b | 10.1x | 7.2x | 1x |
| Wed, 30 Mar 2022 | ج.م616.6b | ج.م568.6b | ج.م82.5b | 10.2x | 7.5x | 1.1x |
| Fri, 25 Feb 2022 | ج.م584.7b | ج.م502.2b | ج.م76.5b | 9.7x | 7.6x | 1.2x |
| Sun, 23 Jan 2022 | ج.م642.3b | ج.م493.5b | ج.م74.6b | 11.3x | 8.6x | 1.3x |
| Tue, 21 Dec 2021 | ج.م624.2b | ج.م490.8b | ج.م74.1b | 10.5x | 8.4x | 1.3x |
| Thu, 18 Nov 2021 | ج.م601.7b | ج.م474.4b | ج.م72.6b | 10.9x | 8.3x | 1.3x |
| Sat, 16 Oct 2021 | ج.م604.2b | ج.م462.8b | ج.م68.7b | 12.3x | 8.8x | 1.3x |
| Mon, 13 Sep 2021 | ج.م625.4b | ج.م459.6b | ج.م67.3b | 12.4x | 9.3x | 1.4x |
| Wed, 11 Aug 2021 | ج.م619.9b | ج.م462.9b | ج.م67.2b | 13x | 9.2x | 1.3x |
| Sun, 06 Jun 2021 | ج.م545.3b | ج.م437.5b | ج.م61.0b | 10.8x | 8.9x | 1.2x |
Price to Earnings Ratio
9x
Current Market PE
- Investors are relatively neutral on the Egyptian 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 8.0x.
Past Earnings Growth
- The earnings for Egyptian 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 Egyptian Market?
| EG Market | -7.52% | |
| Energy | 0% | |
| Tech | 0% | |
| Consumer Discretionary | -3.28% | |
| Healthcare | -4.78% | |
| Consumer Staples | -5.50% | |
| Financials | -6.18% | |
| Materials | -7.53% | |
| Utilities | -10.56% | |
| Industrials | -10.76% | |
| Real Estate | -11.17% | |
| Telecom | -11.98% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 18.2x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 2.5x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 23% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Industrials sector is expected to see its earnings grow by 8.5% 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 | |
|---|---|---|---|---|---|---|
| IRON Egyptian Iron and Steel | ج.م16.49 | 8.1% +ج.م1.2b | 154.5% | PE8.6x | Materials | |
| CNFN Contact Financial HoldingE | ج.م4.43 | 7.3% +ج.م359.1m | 19.7% | PE7.7x | Financials | |
| FAITA Faisal Islamic Bank of Egypt | US$0.98 | 1.1% +US$6.7m | -8.5% | PB1.1x | Financials | |
| DCRC Delta for Construction & Rebuilding | ج.م26.00 | 29.9% +ج.م125.6m | 36.7% | PE10.2x | Real Estate | |
| WCDF Middle & West Delta Flour Mills | ج.م275.86 | 10.3% +ج.م193.6m | 89.8% | PE6x | Consumer Staples |
