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Egyptian (CASE/EGX) Market Analysis & Valuation
UpdatedNov 26, 2024
DataAggregated Company Financials
Companies209
- 7D-1.2%
- 3M7.2%
- 1Y23.6%
- YTD21.6%
Over the last 7 days, the market has dropped 1.6%, driven by a loss of 4.6% in the Real Estate sector. In the last year, the market is actually up 26%. Earnings are forecast to grow by 15% annually.
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, 26 Nov 2024 | ج.م1.9t | ج.م1.4t | ج.م274.6b | 9.1x | 7.1x | 1.4x |
| Thu, 24 Oct 2024 | ج.م1.9t | ج.م1.3t | ج.م248.6b | 9x | 7.7x | 1.5x |
| Sat, 21 Sep 2024 | ج.م1.8t | ج.م1.3t | ج.م242.9b | 9.2x | 7.5x | 1.4x |
| Mon, 19 Aug 2024 | ج.م1.8t | ج.م1.3t | ج.م235.4b | 8.7x | 7.5x | 1.4x |
| Wed, 17 Jul 2024 | ج.م1.7t | ج.م1.2t | ج.م215.7b | 8.9x | 7.7x | 1.4x |
| Fri, 14 Jun 2024 | ج.م1.6t | ج.م1.2t | ج.م215.4b | 8.7x | 7.2x | 1.2x |
| Sun, 12 May 2024 | ج.م1.5t | ج.م1.2t | ج.م187.7b | 8.7x | 8.2x | 1.3x |
| Tue, 09 Apr 2024 | ج.م1.7t | ج.م1.2t | ج.م176.4b | 10x | 9.5x | 1.5x |
| Thu, 07 Mar 2024 | ج.م1.8t | ج.م1.1t | ج.م183.1b | 11.5x | 10x | 1.6x |
| Sat, 03 Feb 2024 | ج.م1.8t | ج.م1.1t | ج.م165.0b | 12.9x | 11.1x | 1.7x |
| Mon, 01 Jan 2024 | ج.م1.4t | ج.م1.1t | ج.م161.0b | 10.7x | 8.6x | 1.3x |
| Wed, 29 Nov 2023 | ج.م1.5t | ج.م1.0t | ج.م157.5b | 11.9x | 9.5x | 1.4x |
| Fri, 27 Oct 2023 | ج.م1.4t | ج.م973.2b | ج.م144.7b | 10.5x | 9.8x | 1.5x |
| Sun, 24 Sep 2023 | ج.م1.2t | ج.م970.7b | ج.م144.8b | 9.8x | 8.2x | 1.2x |
| Tue, 22 Aug 2023 | ج.م1.1t | ج.م939.7b | ج.م139.5b | 9.3x | 7.6x | 1.1x |
| Thu, 20 Jul 2023 | ج.م1.0t | ج.م897.5b | ج.م139.5b | 10.3x | 7.3x | 1.1x |
| Sat, 17 Jun 2023 | ج.م999.3b | ج.م874.3b | ج.م140.5b | 10.5x | 7.1x | 1.1x |
| Mon, 15 May 2023 | ج.م966.1b | ج.م829.8b | ج.م125.9b | 10.7x | 7.7x | 1.2x |
| Wed, 12 Apr 2023 | ج.م903.4b | ج.م806.4b | ج.م122.9b | 10x | 7.3x | 1.1x |
| Fri, 10 Mar 2023 | ج.م898.4b | ج.م791.7b | ج.م127.6b | 10.3x | 7x | 1.1x |
| Sun, 05 Feb 2023 | ج.م881.9b | ج.م771.8b | ج.م107.5b | 10.9x | 8.2x | 1.1x |
| Tue, 03 Jan 2023 | ج.م841.7b | ج.م764.7b | ج.م105.3b | 11.1x | 8x | 1.1x |
| Thu, 01 Dec 2022 | ج.م740.7b | ج.م669.0b | ج.م104.0b | 10.2x | 7.1x | 1.1x |
| Sat, 29 Oct 2022 | ج.م637.9b | ج.م650.0b | ج.م100.0b | 9.2x | 6.4x | 1x |
| Mon, 26 Sep 2022 | ج.م576.8b | ج.م644.7b | ج.م97.9b | 9.2x | 5.9x | 0.9x |
| Wed, 24 Aug 2022 | ج.م576.7b | ج.م627.8b | ج.م93.3b | 9.1x | 6.2x | 0.9x |
| Fri, 22 Jul 2022 | ج.م515.4b | ج.م609.2b | ج.م91.7b | 8.4x | 5.6x | 0.8x |
| Sun, 19 Jun 2022 | ج.م544.1b | ج.م600.9b | ج.م86.9b | 9.1x | 6.3x | 0.9x |
| Tue, 17 May 2022 | ج.م573.3b | ج.م570.5b | ج.م83.6b | 9.3x | 6.9x | 1x |
| Thu, 14 Apr 2022 | ج.م585.3b | ج.م565.6b | ج.م81.9b | 9.5x | 7.1x | 1x |
| Sat, 12 Mar 2022 | ج.م575.8b | ج.م512.0b | ج.م78.4b | 9.8x | 7.3x | 1.1x |
| Mon, 07 Feb 2022 | ج.م636.8b | ج.م493.7b | ج.م74.7b | 11.3x | 8.5x | 1.3x |
| Wed, 05 Jan 2022 | ج.م653.3b | ج.م491.9b | ج.م74.1b | 11.4x | 8.8x | 1.3x |
| Fri, 03 Dec 2021 | ج.م613.9b | ج.م484.8b | ج.م72.6b | 11.2x | 8.5x | 1.3x |
Price to Earnings Ratio
8.5x
Current Market PE
- Investors are relatively neutral on the Egyptian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 7.8x.
Past Earnings Growth
- The earnings for Egyptian listed companies have grown 56% per year over the last three years.
- Revenues for these companies have grown 43% 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 | -1.18% | |
| Energy | 0% | |
| Tech | 0% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Real Estate | -0.79% | |
| Materials | -0.84% | |
| Industrials | -0.98% | |
| Financials | -1.22% | |
| Consumer Staples | -1.37% | |
| Consumer Discretionary | -1.69% | |
| Telecom | -1.76% | |
| Utilities | -2.54% | |
| Healthcare | -2.57% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 20.8x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 3.1x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 34% over the next 5 years.
- However this is lower than its past earnings growth rate of 55% per year.
- In contrast, the Materials sector is expected to see its earnings grow by 7.2% 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 | |
|---|---|---|---|---|---|---|
| IRON Egyptian Iron and Steel | ج.م54.45 | 12.4% +ج.م5.9b | 319.8% | PE28.4x | Materials | |
| CANA Suez Canal Bank (S.A.E) | ج.م24.46 | 18.1% +ج.م1.9b | 113.4% | PB1.1x | Financials | |
| SWDY El Sewedy Electric | ج.م90.26 | 0.8% +ج.م1.6b | 219.5% | PE14x | Industrials | |
| QNBE Qatar National Bank | ج.م34.50 | 2.0% +ج.م1.4b | 23.4% | PB1x | Financials | |
| FAITA Faisal Islamic Bank of Egypt | US$1.03 | 3.0% +US$18.2m | 4.1% | PB0.9x | Financials |
