Egyptian (OMX) Market Analysis & Valuation
UpdatedJul 27, 2024
DataAggregated Company Financials
Companies203
- 7D1.4%
- 3M11.3%
- 1Y62.5%
- YTD9.7%
Over the last 7 days, the market has risen 1.4%, driven by gains of 2.2% in the Financials sector. In the last year, the market has climbed 63%. As for the next few years, earnings are expected to grow by 15% per annum.
Market Valuation and Performance
Has the Egyptian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 27 Jul 2024 | ج.م1.7t | ج.م1.2t | ج.م222.8b | 8.9x | 7.8x | 1.5x |
| Mon, 24 Jun 2024 | ج.م1.6t | ج.م1.3t | ج.م216.4b | 8.7x | 7.4x | 1.3x |
| Wed, 22 May 2024 | ج.م1.6t | ج.م1.2t | ج.م199.1b | 9x | 8.1x | 1.4x |
| Fri, 19 Apr 2024 | ج.م1.7t | ج.م1.2t | ج.م185.6b | 9.7x | 9.1x | 1.4x |
| Sun, 17 Mar 2024 | ج.م1.8t | ج.م1.1t | ج.م175.0b | 10.5x | 10.4x | 1.6x |
| Tue, 13 Feb 2024 | ج.م1.8t | ج.م1.1t | ج.م164.7b | 12.5x | 11x | 1.7x |
| Thu, 11 Jan 2024 | ج.م1.6t | ج.م1.1t | ج.م161.6b | 11.8x | 9.8x | 1.5x |
| Sat, 09 Dec 2023 | ج.م1.5t | ج.م1.0t | ج.م157.2b | 11.6x | 9.4x | 1.4x |
| Mon, 06 Nov 2023 | ج.م1.4t | ج.م982.0b | ج.م150.9b | 10.6x | 9.2x | 1.4x |
| Wed, 04 Oct 2023 | ج.م1.2t | ج.م965.8b | ج.م144.4b | 9.5x | 8.2x | 1.2x |
| Fri, 01 Sep 2023 | ج.م1.1t | ج.م962.2b | ج.م142.6b | 9.8x | 7.8x | 1.2x |
| Sun, 30 Jul 2023 | ج.م1.0t | ج.م908.9b | ج.م145.0b | 10.1x | 6.9x | 1.1x |
| Tue, 27 Jun 2023 | ج.م1.0t | ج.م875.3b | ج.م141.6b | 10.4x | 7.1x | 1.1x |
| Thu, 25 May 2023 | ج.م946.3b | ج.م837.8b | ج.م129.4b | 10x | 7.3x | 1.1x |
| Sat, 22 Apr 2023 | ج.م946.5b | ج.م811.8b | ج.م125.8b | 10.4x | 7.5x | 1.2x |
| Mon, 20 Mar 2023 | ج.م749.8b | ج.م794.9b | ج.م124.9b | 9.2x | 6x | 0.9x |
| Wed, 15 Feb 2023 | ج.م931.2b | ج.م777.4b | ج.م111.0b | 11x | 8.4x | 1.2x |
| Fri, 13 Jan 2023 | ج.م862.2b | ج.م766.0b | ج.م105.5b | 10.9x | 8.2x | 1.1x |
| Sun, 11 Dec 2022 | ج.م815.4b | ج.م675.7b | ج.م105.3b | 10.5x | 7.7x | 1.2x |
| Tue, 08 Nov 2022 | ج.م646.9b | ج.م650.4b | ج.م100.0b | 9.8x | 6.5x | 1x |
| Thu, 06 Oct 2022 | ج.م590.6b | ج.م646.0b | ج.م97.6b | 9.3x | 6x | 0.9x |
| Sat, 03 Sep 2022 | ج.م569.9b | ج.م639.1b | ج.م96.6b | 8.7x | 5.9x | 0.9x |
| Mon, 01 Aug 2022 | ج.م530.2b | ج.م610.5b | ج.م91.9b | 9x | 5.8x | 0.9x |
| Wed, 29 Jun 2022 | ج.م511.2b | ج.م600.7b | ج.م86.9b | 8.4x | 5.9x | 0.9x |
| Fri, 27 May 2022 | ج.م559.2b | ج.م575.6b | ج.م84.1b | 9.1x | 6.7x | 1x |
| Sun, 24 Apr 2022 | ج.م573.4b | ج.م569.8b | ج.م83.5b | 9.9x | 6.9x | 1x |
| Tue, 22 Mar 2022 | ج.م640.1b | ج.م570.6b | ج.م83.9b | 10.2x | 7.6x | 1.1x |
| Thu, 17 Feb 2022 | ج.م621.5b | ج.م498.7b | ج.م74.7b | 10.4x | 8.3x | 1.2x |
| Sat, 15 Jan 2022 | ج.م653.1b | ج.م492.6b | ج.م74.6b | 11.4x | 8.8x | 1.3x |
| Mon, 13 Dec 2021 | ج.م618.8b | ج.م490.4b | ج.م74.3b | 10.2x | 8.3x | 1.3x |
| Wed, 10 Nov 2021 | ج.م625.0b | ج.م470.0b | ج.م70.7b | 11.3x | 8.8x | 1.3x |
| Fri, 08 Oct 2021 | ج.م593.0b | ج.م462.4b | ج.م68.7b | 11.6x | 8.6x | 1.3x |
| Sun, 05 Sep 2021 | ج.م629.9b | ج.م462.9b | ج.م67.2b | 12.3x | 9.4x | 1.4x |
| Tue, 03 Aug 2021 | ج.م605.7b | ج.م462.8b | ج.م67.2b | 12.2x | 9x | 1.3x |
Price to Earnings Ratio
9x
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 7.9x.
Past Earnings Growth
- The earnings for Egyptian listed companies have grown 49% per year over the last three years.
- Revenues for these companies have grown 37% 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 | 1.38% | |
| Utilities | 5.88% | |
| Consumer Staples | 3.99% | |
| Materials | 2.96% | |
| Financials | 2.19% | |
| Energy | 0% | |
| Tech | 0% | |
| Industrials | -0.23% | |
| Consumer Discretionary | -0.53% | |
| Telecom | -0.64% | |
| Real Estate | -1.34% | |
| Healthcare | -1.45% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 19.2x.
- 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 2.7x.
Forecasted Growth
- Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 26% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Materials sector is expected to see its earnings grow by 11% 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 | |
|---|---|---|---|---|---|---|
| COMI Commercial International Bank (Egypt)E | ج.م81.35 | 4.7% +ج.م11.0b | 58.9% | PB2.1x | Financials | |
| EGCH Egyptian Chemical Industries | ج.م8.10 | 6.6% +ج.م7.1b | -6.7% | PE108.7x | Materials | |
| EAST Eastern CompanyE | ج.م22.49 | 7.1% +ج.م4.5b | 74.4% | PE11x | Consumer Staples | |
| IRON Egyptian Iron and Steel | ج.م46.82 | 9.9% +ج.م4.1b | 736.1% | PE24.5x | Materials | |
| MFPC Misr Fertilizer Production | ج.م43.45 | 2.0% +ج.م1.8b | 67.1% | PE15.1x | Materials |
