Egyptian (OMX) Banks Industry Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies10
- 7D1.4%
- 3M-2.6%
- 1Y56.4%
- YTD7.8%
The Banks industry is up 1.4% in the last week, with QNB AlahliE up 1.6%. Meanwhile, Housing and Development Bank- Egypt (S.A.E) actually underperformed within the industry, shrinking 6.6% in the last week. This means that the industry has gained 56% over the past year. As for the next few years, earnings are expected to grow by 17% per annum.
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 |
|---|---|---|---|---|---|---|
| Wed, 24 Apr 2024 | ج.م399.7b | ج.م130.8b | ج.م62.5b | 4.6x | 6.4x | 3.1x |
| Fri, 22 Mar 2024 | ج.م422.5b | ج.م128.7b | ج.م61.2b | 5.1x | 6.9x | 3.3x |
| Sun, 18 Feb 2024 | ج.م435.0b | ج.م126.1b | ج.م59.6b | 5.3x | 7.3x | 3.4x |
| Tue, 16 Jan 2024 | ج.م394.0b | ج.م119.7b | ج.م56.8b | 4.9x | 6.9x | 3.3x |
| Thu, 14 Dec 2023 | ج.م367.2b | ج.م117.3b | ج.م54.1b | 4.4x | 6.8x | 3.1x |
| Sat, 11 Nov 2023 | ج.م357.1b | ج.م110.9b | ج.م51.8b | 4.3x | 6.9x | 3.2x |
| Mon, 09 Oct 2023 | ج.م282.6b | ج.م101.3b | ج.م46.1b | 3.7x | 6.1x | 2.8x |
| Wed, 06 Sep 2023 | ج.م275.4b | ج.م101.3b | ج.م46.2b | 3.8x | 6x | 2.7x |
| Fri, 04 Aug 2023 | ج.م248.8b | ج.م98.4b | ج.م44.2b | 3.7x | 5.6x | 2.5x |
| Sun, 02 Jul 2023 | ج.م248.2b | ج.م88.1b | ج.م38.6b | 4x | 6.4x | 2.8x |
| Tue, 30 May 2023 | ج.م240.7b | ج.م88.1b | ج.م38.5b | 4x | 6.2x | 2.7x |
| Thu, 27 Apr 2023 | ج.م236.6b | ج.م81.1b | ج.م35.2b | 4.3x | 6.7x | 2.9x |
| Sat, 25 Mar 2023 | ج.م224.6b | ج.م77.2b | ج.م32.7b | 4.2x | 6.9x | 2.9x |
| Mon, 20 Feb 2023 | ج.م252.1b | ج.م76.2b | ج.م31.9b | 5.3x | 7.9x | 3.3x |
| Wed, 18 Jan 2023 | ج.م208.4b | ج.م73.1b | ج.م32.8b | 4.8x | 6.4x | 2.9x |
| Fri, 16 Dec 2022 | ج.م207.4b | ج.م71.2b | ج.م30.2b | 4.6x | 6.9x | 2.9x |
| Sun, 13 Nov 2022 | ج.م160.2b | ج.م68.0b | ج.م29.1b | 3.9x | 5.5x | 2.4x |
| Tue, 11 Oct 2022 | ج.م133.2b | ج.م67.1b | ج.م28.6b | 3.6x | 4.7x | 2x |
| Thu, 08 Sep 2022 | ج.م133.5b | ج.م67.1b | ج.م28.6b | 4.1x | 4.7x | 2x |
| Sat, 06 Aug 2022 | ج.م131.8b | ج.م65.8b | ج.م27.8b | 4.2x | 4.7x | 2x |
| Mon, 04 Jul 2022 | ج.م123.1b | ج.م63.7b | ج.م27.3b | 3.7x | 4.5x | 1.9x |
| Wed, 01 Jun 2022 | ج.م139.0b | ج.م63.7b | ج.م27.3b | 4.2x | 5.1x | 2.2x |
| Fri, 29 Apr 2022 | ج.م149.6b | ج.م63.1b | ج.م27.0b | 4.2x | 5.5x | 2.4x |
| Sun, 27 Mar 2022 | ج.م171.7b | ج.م62.9b | ج.م26.8b | 4.7x | 6.4x | 2.7x |
| Tue, 22 Feb 2022 | ج.م175.5b | ج.م61.3b | ج.م26.0b | 4.4x | 6.8x | 2.9x |
| Thu, 20 Jan 2022 | ج.م179.1b | ج.م61.3b | ج.م26.0b | 4.4x | 6.9x | 2.9x |
| Sat, 18 Dec 2021 | ج.م171.0b | ج.م61.0b | ج.م26.1b | 4.3x | 6.6x | 2.8x |
| Mon, 15 Nov 2021 | ج.م173.1b | ج.م60.5b | ج.م26.1b | 4.3x | 6.6x | 2.9x |
| Wed, 13 Oct 2021 | ج.م155.6b | ج.م58.5b | ج.م25.6b | 4.4x | 6.1x | 2.7x |
| Fri, 10 Sep 2021 | ج.م158.2b | ج.م58.2b | ج.م24.9b | 4.4x | 6.4x | 2.7x |
| Sun, 08 Aug 2021 | ج.م151.0b | ج.م58.2b | ج.م24.9b | 5x | 6.1x | 2.6x |
| Sat, 01 May 2021 | ج.م147.0b | ج.م57.0b | ج.م24.0b | 4.1x | 6.1x | 2.6x |
Price to Earnings Ratio
6.1x
Current Industry PE
- Investors are relatively neutral on the Egyptian Banks industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 6.2x.
- The 3-year average PS ratio of 2.7x is lower than the industry's current PS ratio of 3.1x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 38% per year over the last three years.
- Revenues for these companies have grown 32% 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 | -0.071% | |
| Financials | 1.11% | |
| Banks | 1.38% | |
| Regional Banks | 1.77% | |
| Diversified Banks | 1.36% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 6.3x.
- Analysts are expecting annual earnings growth of 17.0%, which is lower than the prior year's growth of 95.7% 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 3.7x.
Forecasted Growth
- Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 20% over the next 5 years.
- However this is lower than its past earnings growth rate of 45% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 17% 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 | |
|---|---|---|---|---|---|
| FAITA Faisal Islamic Bank of Egypt | US$0.98 | 1.0% +US$6.1m | -5.2% | PB1.1x |