Egyptian (OMX) Market Analysis & Valuation
UpdatedJun 06, 2023
DataAggregated Company Financials
Companies202
- 7D0.8%
- 3M5.3%
- 1Y56.8%
- YTD10.9%
In the last week, the market has stayed flat, however the Real Estate sector stood out, gaining 4.4%. More promisingly, the market is up 57% over the past year. As for the next few years, earnings are expected to grow by 11% per annum.
Market Valuation and Performance
Has the Egyptian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 06 Jun 2023 | ج.م966.3b | ج.م1.5t | ج.م173.6b | 10.1x | 5.6x | 0.7x |
| Thu, 04 May 2023 | ج.م946.5b | ج.م815.8b | ج.م127.0b | 10.5x | 7.5x | 1.2x |
| Sat, 01 Apr 2023 | ج.م877.0b | ج.م801.7b | ج.م125.2b | 9.4x | 7x | 1.1x |
| Mon, 27 Feb 2023 | ج.م923.7b | ج.م782.8b | ج.م111.4b | 11.1x | 8.3x | 1.2x |
| Wed, 25 Jan 2023 | ج.م900.9b | ج.م768.3b | ج.م107.3b | 11.3x | 8.4x | 1.2x |
| Fri, 23 Dec 2022 | ج.م813.5b | ج.م764.5b | ج.م104.6b | 10.8x | 7.8x | 1.1x |
| Sun, 20 Nov 2022 | ج.م695.8b | ج.م664.9b | ج.م102.1b | 10.1x | 6.8x | 1x |
| Tue, 18 Oct 2022 | ج.م584.5b | ج.م647.5b | ج.م98.2b | 9.3x | 6x | 0.9x |
| Thu, 15 Sep 2022 | ج.م590.4b | ج.م642.9b | ج.م97.2b | 9.3x | 6.1x | 0.9x |
| Sat, 13 Aug 2022 | ج.م562.3b | ج.م611.4b | ج.م92.0b | 9.4x | 6.1x | 0.9x |
| Mon, 11 Jul 2022 | ج.م490.7b | ج.م605.6b | ج.م89.1b | 8.2x | 5.5x | 0.8x |
| Wed, 08 Jun 2022 | ج.م549.0b | ج.م589.2b | ج.م84.9b | 8.8x | 6.5x | 0.9x |
| Fri, 06 May 2022 | ج.م597.8b | ج.م570.2b | ج.م83.6b | 10.1x | 7.2x | 1x |
| Sun, 03 Apr 2022 | ج.م610.9b | ج.م566.3b | ج.م82.1b | 10.3x | 7.4x | 1.1x |
| Tue, 01 Mar 2022 | ج.م596.7b | ج.م501.1b | ج.م77.5b | 9.5x | 7.7x | 1.2x |
| Thu, 27 Jan 2022 | ج.م626.6b | ج.م493.5b | ج.م74.6b | 10.9x | 8.4x | 1.3x |
| Sat, 25 Dec 2021 | ج.م638.0b | ج.م491.9b | ج.م74.1b | 10.9x | 8.6x | 1.3x |
| Mon, 22 Nov 2021 | ج.م594.7b | ج.م478.0b | ج.م72.2b | 10.4x | 8.2x | 1.2x |
| Wed, 20 Oct 2021 | ج.م624.0b | ج.م464.5b | ج.م69.1b | 11.8x | 9x | 1.3x |
| Fri, 17 Sep 2021 | ج.م623.9b | ج.م459.6b | ج.م67.3b | 12.3x | 9.3x | 1.4x |
| Sun, 15 Aug 2021 | ج.م623.4b | ج.م462.9b | ج.م67.2b | 13.1x | 9.3x | 1.3x |
| Thu, 10 Jun 2021 | ج.م545.3b | ج.م437.5b | ج.م61.0b | 10.8x | 8.9x | 1.2x |
| Wed, 03 Mar 2021 | ج.م607.8b | ج.م423.5b | ج.م55.7b | 12.1x | 10.9x | 1.4x |
| Sat, 05 Dec 2020 | ج.م545.7b | ج.م414.7b | ج.م56.8b | 10.4x | 9.6x | 1.3x |
| Tue, 08 Sep 2020 | ج.م536.6b | ج.م440.1b | ج.م55.6b | 9.8x | 9.7x | 1.2x |
Price to Earnings Ratio
8.9x
Current Market PE
- Investors are pessimistic on the Egyptian market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 5.6x which is lower than its 3-year average PE of 8.2x.
Past Earnings Growth
- The earnings for Egyptian listed companies have grown 46% per year over the last three years.
- Revenues for these companies have grown 49% 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 | 0.76% | |
| Real Estate | 4.36% | |
| Telecom | 3.96% | |
| Industrials | 3.45% | |
| Consumer Discretionary | 1.67% | |
| Financials | 1.21% | |
| Healthcare | 1.06% | |
| Utilities | 0.40% | |
| Energy | 0% | |
| Tech | 0% | |
| Consumer Staples | -0.56% | |
| Materials | -3.76% | |
Sector PE
- Investors favour the Energy sector the most for future growth which is trading above its 3-year average PE ratio.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Consumer Staples sector is the least preferred by investors for future growth, which is trading below its 3-year average of 9.3x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 24% over the next 5 years.
- This is better than its past earnings growth rate of 7.5% per year.
- In contrast, the Materials sector is expected to see its earnings decline by 7.0% 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 | |
|---|---|---|---|---|---|---|
| SWDY El Sewedy Electric | ج.م18.33 | 6.4% +ج.م2.4b | 154.6% | PE5.6x | Industrials | |
| ETEL Telecom Egypt | ج.م24.95 | 4.0% +ج.م1.6b | 64.9% | PE4.1x | Telecom | |
| HRHO EFG-Hermes HoldingE | ج.م19.81 | 5.6% +ج.م1.5b | 79.3% | PE12.1x | Financials | |
| HELI Heliopolis for Housing & Development | ج.م10.46 | 7.8% +ج.م1.0b | 131.4% | n/a | Real Estate | |
| COMI Commercial International Bank (Egypt)E | ج.م52.05 | 0.6% +ج.م989.7m | 97.2% | PB2.5x | Financials |
Market Insights
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