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Egyptian (CASE/EGX) Financials Sector Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies47
- 7D-1.3%
- 3M1.3%
- 1Y15.6%
- YTD13.2%
Over the last 7 days, the Financials industry has dropped 1.5%, driven by Commercial International Bank (Egypt)E declining 3.0%. On the other hand Qatar National Bank is actually up 5.6%. In the past year, the industry has gained 17%. As for the next few years, earnings are expected to grow by 13% per annum.
Sector Valuation and Performance
Has the Egyptian Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | ج.م619.3b | ج.م388.7b | ج.م117.4b | 6.4x | 5.3x | 1.6x |
| Sat, 19 Oct 2024 | ج.م575.2b | ج.م366.2b | ج.م103.2b | 6.5x | 5.6x | 1.6x |
| Mon, 16 Sep 2024 | ج.م598.5b | ج.م354.4b | ج.م105.7b | 6.9x | 5.7x | 1.7x |
| Wed, 14 Aug 2024 | ج.م582.6b | ج.م341.0b | ج.م100.0b | 5.8x | 5.8x | 1.7x |
| Fri, 12 Jul 2024 | ج.م588.3b | ج.م326.1b | ج.م90.2b | 6x | 6.5x | 1.8x |
| Sun, 09 Jun 2024 | ج.م525.3b | ج.م324.6b | ج.م88.9b | 6.1x | 5.9x | 1.6x |
| Tue, 07 May 2024 | ج.م529.4b | ج.م306.8b | ج.م75.1b | 7.7x | 7x | 1.7x |
| Thu, 04 Apr 2024 | ج.م566.3b | ج.م302.6b | ج.م72.6b | 8.2x | 7.8x | 1.9x |
| Sat, 02 Mar 2024 | ج.م572.8b | ج.م296.3b | ج.م70.1b | 10.7x | 8.2x | 1.9x |
| Mon, 29 Jan 2024 | ج.م588.3b | ج.م288.0b | ج.م64.4b | 9.2x | 9.1x | 2x |
| Wed, 27 Dec 2023 | ج.م498.0b | ج.م275.4b | ج.م62.7b | 9.4x | 7.9x | 1.8x |
| Fri, 24 Nov 2023 | ج.م529.0b | ج.م271.6b | ج.م60.5b | 8.3x | 8.7x | 1.9x |
| Sun, 22 Oct 2023 | ج.م424.4b | ج.م247.2b | ج.م51.8b | 8.4x | 8.2x | 1.7x |
| Tue, 19 Sep 2023 | ج.م415.9b | ج.م244.5b | ج.م50.7b | 8.9x | 8.2x | 1.7x |
| Thu, 17 Aug 2023 | ج.م390.9b | ج.م240.8b | ج.م49.6b | 9.5x | 7.9x | 1.6x |
| Sat, 15 Jul 2023 | ج.م366.6b | ج.م214.3b | ج.م43.1b | 11x | 8.5x | 1.7x |
| Mon, 12 Jun 2023 | ج.م374.0b | ج.م211.7b | ج.م41.2b | 11x | 9.1x | 1.8x |
| Wed, 10 May 2023 | ج.م349.1b | ج.م189.2b | ج.م39.0b | 10.8x | 9x | 1.8x |
| Fri, 07 Apr 2023 | ج.م345.4b | ج.م187.3b | ج.م36.1b | 10.8x | 9.6x | 1.8x |
| Sun, 05 Mar 2023 | ج.م306.7b | ج.م181.3b | ج.م35.5b | 9.1x | 8.6x | 1.7x |
| Tue, 31 Jan 2023 | ج.م304.9b | ج.م176.1b | ج.م33.9b | 11.2x | 9x | 1.7x |
| Thu, 29 Dec 2022 | ج.م253.4b | ج.م174.2b | ج.م32.6b | 9.5x | 7.8x | 1.5x |
| Sat, 26 Nov 2022 | ج.م222.2b | ج.م90.6b | ج.م33.6b | 8.1x | 6.6x | 2.5x |
| Mon, 24 Oct 2022 | ج.م179.0b | ج.م86.2b | ج.م33.0b | 6.6x | 5.4x | 2.1x |
| Wed, 21 Sep 2022 | ج.م175.3b | ج.م84.5b | ج.م32.3b | 6.7x | 5.4x | 2.1x |
| Fri, 19 Aug 2022 | ج.م173.8b | ج.م84.0b | ج.م32.0b | 6.2x | 5.4x | 2.1x |
| Sun, 17 Jul 2022 | ج.م154.8b | ج.م82.3b | ج.م31.3b | 6x | 4.9x | 1.9x |
| Tue, 14 Jun 2022 | ج.م172.7b | ج.م82.0b | ج.م31.2b | 6.3x | 5.5x | 2.1x |
| Thu, 12 May 2022 | ج.م184.7b | ج.م81.6b | ج.م30.9b | 6.4x | 6x | 2.3x |
| Sat, 09 Apr 2022 | ج.م197.2b | ج.م78.2b | ج.م29.4b | 7.1x | 6.7x | 2.5x |
| Mon, 07 Mar 2022 | ج.م203.7b | ج.م88.3b | ج.م31.7b | 7x | 6.4x | 2.3x |
| Wed, 02 Feb 2022 | ج.م219.2b | ج.م86.4b | ج.م30.9b | 7.3x | 7.1x | 2.5x |
| Fri, 31 Dec 2021 | ج.م215.6b | ج.م86.1b | ج.م31.0b | 7.5x | 7x | 2.5x |
| Sun, 28 Nov 2021 | ج.م208.3b | ج.م86.2b | ج.م30.9b | 7.4x | 6.7x | 2.4x |
Price to Earnings Ratio
6.7x
Current Industry PE
- Investors are pessimistic on the Egyptian Financials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 5.3x which is lower than its 3-year average PE of 7.2x.
- The 3-year average PS ratio of 1.9x is higher than the industry's current PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 56% per year over the last three years.
- Revenues for these companies have grown 65% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Egyptian Financials sector?
| EG Market | -1.56% | |
| Financials | -1.32% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Insurance | 0% | |
| Banks | -0.24% | |
| Capital Markets | -3.13% | |
| Diversified Financial | -3.66% | |
| Consumer Finance | -6.24% | |
Industry PE
- Investors are most optimistic about the Diversified Financial industry even though it's trading below its 3-year average PE ratio of 13.0x.
- Analysts are expecting annual earnings growth of 26.2%, which is lower than the prior year's growth of 78.5% per year.
- Investors are most pessimistic about the Banks industry, which is trading below its 3-year average of 6.0x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 26% over the next 5 years.
- However this is lower than its past earnings growth rate of 78% per year.
- In contrast, the Banks industry is expected to see its earnings grow by 9.7% 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 | |
|---|---|---|---|---|---|
| QNBE Qatar National Bank | ج.م35.05 | 5.6% +ج.م4.0b | 25.2% | PB1x | |
| CANA Suez Canal Bank (S.A.E) | ج.م22.78 | 22.8% +ج.م2.1b | 104.5% | PB1x | |
| FAITA Faisal Islamic Bank of Egypt | US$1.02 | 2.2% +US$13.3m | 3.1% | PB0.9x | |
| HDBK Housing and Development Bank- Egypt (S.A.E) | ج.م54.16 | 2.2% +ج.م611.0m | 37.9% | PB1.2x | |
| BINV B Investments HoldingE | ج.م25.69 | 5.4% +ج.م288.2m | 43.1% | PE3.8x |