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Egyptian (OMX) Financials Sector Analysis

UpdatedDec 07, 2021
DataAggregated Company Financials
Companies41
  • 7D1.2%
  • 3M0.3%
  • 1Y6.9%
  • YTD7.0%

Over the last 7 days, the Financials industry has risen 1.0%, driven by gains in QNB AlahliE and EFG-Hermes HoldingE of 1.7% and 3.8%, respectively. Meanwhile, ODIN Investments (S.A.E) actually underperformed within the industry, shrinking 50% in the last week. This takes the industry's 12 month performance to a gain of 6.1%.

Sector Valuation and Performance

Has the Egyptian Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPE
Tue, 07 Dec 2021ج.م209.0bج.م86.0bج.م31.1b7.3x
Thu, 04 Nov 2021ج.م210.0bج.م84.4bج.م29.7b7.5x
Sat, 02 Oct 2021ج.م194.9bج.م84.1bج.م29.6b7.9x
Mon, 30 Aug 2021ج.م206.8bج.م84.0bج.م29.7b8.4x
Tue, 06 Jul 2021ج.م180.6bج.م84.0bج.م29.7b7x
Fri, 09 Apr 2021ج.م185.3bج.م81.4bج.م28.8b7.4x
Thu, 31 Dec 2020ج.م189.9bج.م81.3bج.م28.4b8.5x
Sun, 04 Oct 2020ج.م189.5bج.م80.7bج.م29.1b6.6x
Wed, 08 Jul 2020ج.م189.5bج.م107.5bج.م28.7b6.2x
Tue, 31 Mar 2020ج.م175.0bج.م105.9bج.م30.1b4.5x
Fri, 03 Jan 2020ج.م237.2bج.م99.9bج.م31.3b5.9x
Mon, 07 Oct 2019ج.م225.8bج.م98.4bج.م29.3b5.8x
Sun, 30 Jun 2019ج.م226.7bج.م95.1bج.م28.4b7x
Wed, 03 Apr 2019ج.م223.8bج.م89.4bج.م26.3b7.9x
Sat, 05 Jan 2019ج.م200.8bج.م85.3bج.م24.7b7.7x
PE Ratio

7.7x

Total Market Cap: ج.م200.8bTotal Earnings: ج.م24.7bTotal Revenue: ج.م85.3b0%0%0%3 Year10 Year
20202021

Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 7.1x. It appears they believe that earnings will grow in-line with historical growth rates.

Past Earnings Growth: The earnings for companies in the Financials industry have grown 8.0% per year over the last three years, while revenues have remained mostly flat. This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Egyptian Financials sector?

Capital Markets3.43%
Diversified Financial3.42%
Banks0.79%
Consumer Finance0%
Insurance0%

Industry PE: Investors are most optimistic about the Consumer Finance industry even though it's trading below its 3-year average PE ratio of 12.5x. However analysts are expecting annual earnings growth of 27%, which is lower than the prior year's growth of 62% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Banks industry. Although, investor sentiment seems to have improved given its trading above its 3-year average of 3.7x.

Forecasted Growth: Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 27% over the next 5 years. However this is lower than its past earnings growth rate of 62% per year. Meanwhile, the Diversified Financial industry is expected to see its earnings grow by 13% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company7D1YValuation
COMI Commercial International Bank (Egypt)E1.2%+ج.م1.2b10.7%PB1.6x
HDBK Housing and Development Bank- Egypt (S.A.E)9.7%+ج.م587.5m37.2%PB0.7x
CIEB Credit Agricole - Egypt Bank (S.A.E.)5.0%+ج.م450.8m17.8%PB1.2x
ADIB Abu Dhabi Islamic Bank - EgyptE7.0%+ج.م210.0m27.4%PB0.5x
SAUD alBaraka Bank EgyptE5.6%+ج.م165.7m15.5%PB0.5x
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HDBK

ج.م43.87

Housing and Development Bank- Egypt (S.A.E)

7D

9.7%

1Y

37.2%