Egyptian (OMX) Banks Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies10
- 7D3.2%
- 3M6.0%
- 1Y50.7%
- YTD5.4%
Over the last 7 days, the Banks industry has risen 3.2%, driven by gains from Commercial International Bank (Egypt)E of 4.7%. This means that the industry has gained 51% over the past year. Earnings are forecast to grow by 12% annually.
Industry Valuation and Performance
Has the Egyptian Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | ج.م398.0b | ج.م173.1b | ج.م81.0b | 3.7x | 4.9x | 2.3x |
| Sun, 23 Jun 2024 | ج.م366.4b | ج.م158.9b | ج.م71.9b | 3.6x | 5.1x | 2.3x |
| Tue, 21 May 2024 | ج.م377.6b | ج.م157.0b | ج.م70.4b | 4x | 5.4x | 2.4x |
| Thu, 18 Apr 2024 | ج.م410.4b | ج.م130.8b | ج.م62.5b | 4.6x | 6.6x | 3.1x |
| Sat, 16 Mar 2024 | ج.م455.0b | ج.م128.7b | ج.م61.2b | 5.6x | 7.4x | 3.5x |
| Mon, 12 Feb 2024 | ج.م426.7b | ج.م119.7b | ج.م54.7b | 5.3x | 7.8x | 3.6x |
| Wed, 10 Jan 2024 | ج.م376.6b | ج.م117.3b | ج.م54.1b | 4.9x | 7x | 3.2x |
| Fri, 08 Dec 2023 | ج.م372.0b | ج.م117.3b | ج.م54.1b | 4.5x | 6.9x | 3.2x |
| Sun, 05 Nov 2023 | ج.م312.6b | ج.م110.9b | ج.م53.2b | 4.1x | 5.9x | 2.8x |
| Tue, 03 Oct 2023 | ج.م288.5b | ج.م101.3b | ج.م46.1b | 3.8x | 6.3x | 2.8x |
| Thu, 31 Aug 2023 | ج.م272.6b | ج.م101.3b | ج.م46.1b | 3.8x | 5.9x | 2.7x |
| Sat, 29 Jul 2023 | ج.م250.3b | ج.م97.5b | ج.م44.0b | 4x | 5.7x | 2.6x |
| Mon, 26 Jun 2023 | ج.م241.5b | ج.م88.1b | ج.م38.6b | 4x | 6.2x | 2.7x |
| Wed, 24 May 2023 | ج.م238.1b | ج.م88.0b | ج.م38.6b | 3.9x | 6.2x | 2.7x |
| Fri, 21 Apr 2023 | ج.م235.2b | ج.م81.1b | ج.م35.2b | 4x | 6.7x | 2.9x |
| Sun, 19 Mar 2023 | ج.م214.0b | ج.م77.2b | ج.م32.7b | 4.2x | 6.5x | 2.8x |
| Tue, 14 Feb 2023 | ج.م251.0b | ج.م76.2b | ج.م33.7b | 5.1x | 7.5x | 3.3x |
| Thu, 12 Jan 2023 | ج.م199.9b | ج.م71.1b | ج.م30.2b | 5.2x | 6.6x | 2.8x |
| Sat, 10 Dec 2022 | ج.م208.0b | ج.م71.2b | ج.م30.2b | 4.7x | 6.9x | 2.9x |
| Mon, 07 Nov 2022 | ج.م151.6b | ج.م68.0b | ج.م29.1b | 3.8x | 5.2x | 2.2x |
| Wed, 05 Oct 2022 | ج.م132.1b | ج.م67.1b | ج.م28.6b | 3.6x | 4.6x | 2x |
| Fri, 02 Sep 2022 | ج.م132.1b | ج.م67.2b | ج.م28.6b | 4.1x | 4.6x | 2x |
| Sun, 31 Jul 2022 | ج.م127.0b | ج.م65.8b | ج.م27.8b | 4x | 4.6x | 1.9x |
| Tue, 28 Jun 2022 | ج.م128.9b | ج.م63.7b | ج.م27.3b | 4x | 4.7x | 2x |
| Thu, 26 May 2022 | ج.م139.6b | ج.م63.7b | ج.م27.3b | 4.2x | 5.1x | 2.2x |
| Sat, 23 Apr 2022 | ج.م143.9b | ج.م63.1b | ج.م27.0b | 4.2x | 5.3x | 2.3x |
| Mon, 21 Mar 2022 | ج.م159.7b | ج.م63.0b | ج.م26.8b | 4.1x | 6x | 2.5x |
| Wed, 16 Feb 2022 | ج.م177.2b | ج.م61.3b | ج.م26.0b | 4.5x | 6.8x | 2.9x |
| Fri, 14 Jan 2022 | ج.م182.8b | ج.م61.3b | ج.م26.9b | 4.4x | 6.8x | 3x |
| Sun, 12 Dec 2021 | ج.م170.2b | ج.م60.9b | ج.م26.2b | 4.3x | 6.5x | 2.8x |
| Tue, 09 Nov 2021 | ج.م170.8b | ج.م58.6b | ج.م24.9b | 4.3x | 6.9x | 2.9x |
| Thu, 07 Oct 2021 | ج.م150.2b | ج.م58.2b | ج.م24.9b | 4.3x | 6x | 2.6x |
| Sat, 04 Sep 2021 | ج.م163.7b | ج.م58.2b | ج.م24.9b | 4.7x | 6.6x | 2.8x |
| Mon, 02 Aug 2021 | ج.م150.3b | ج.م58.2b | ج.م24.9b | 4.9x | 6x | 2.6x |
Price to Earnings Ratio
6x
Current Industry PE
- Investors are pessimistic on the Egyptian Banks 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 4.9x which is lower than its 3-year average PE of 6.2x.
- The 3-year average PS ratio of 2.7x is higher than the industry's current PS ratio of 2.3x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 48% per year over the last three years.
- Revenues for these companies have grown 44% 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 industry?
| EG Market | 1.38% | |
| Financials | 2.19% | |
| Banks | 3.17% | |
| Diversified Banks | 3.22% | |
| Regional Banks | 1.85% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 6.2x.
- Analysts are expecting annual earnings growth of 12.1%, which is lower than the prior year's growth of 92.5% per year.
- Investors are most pessimistic about the Regional Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 3.9x.
Forecasted Growth
- Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 19% over the next 5 years.
- However this is lower than its past earnings growth rate of 47% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 12% 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 | |
|---|---|---|---|---|---|
| COMI Commercial International Bank (Egypt)E | ج.م81.35 | 4.7% +ج.م11.0b | 58.9% | PB2.1x | |
| CIEB Credit Agricole - Egypt Bank (S.A.E.) | ج.م20.42 | 4.7% +ج.م1.2b | 51.3% | PB1.7x | |
| ADIB Abu Dhabi Islamic Bank - Egypt -E | ج.م37.29 | 4.0% +ج.م852.0m | 91.1% | PB1.4x | |
| CANA Suez Canal Bank (S.A.E) | ج.م14.69 | 7.0% +ج.م480.0m | 106.1% | PB0.9x | |
| SAUD alBaraka Bank EgyptE | ج.م11.11 | 4.5% +ج.م349.0m | 34.0% | PB0.8x |