Jordanian (Amman SE) Market Analysis & Valuation
UpdatedApr 27, 2024
DataAggregated Company Financials
Companies154
- 7D-1.6%
- 3M-1.0%
- 1Y-2.3%
- YTD0.5%
Over the last 7 days, the market has dropped 1.6%, driven by declines in the Financials and Materials sectors of 1.7% and 2.1%, respectively. Overall the market has been flat in the last year. Looking forward, earnings are forecast to grow by 6.7% annually.
Market Valuation and Performance
Has the Jordanian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 27 Apr 2024 | د.أ16.8b | د.أ12.1b | د.أ2.1b | 13.1x | 7.9x | 1.4x |
| Mon, 25 Mar 2024 | د.أ17.0b | د.أ12.3b | د.أ2.2b | 13.4x | 7.8x | 1.4x |
| Wed, 21 Feb 2024 | د.أ16.8b | د.أ12.3b | د.أ2.2b | 13.1x | 7.7x | 1.4x |
| Fri, 19 Jan 2024 | د.أ17.3b | د.أ12.2b | د.أ2.1b | 14x | 8.1x | 1.4x |
| Sun, 17 Dec 2023 | د.أ16.8b | د.أ12.2b | د.أ2.1b | 13.2x | 7.8x | 1.4x |
| Tue, 14 Nov 2023 | د.أ16.7b | د.أ12.2b | د.أ2.1b | 12.9x | 7.8x | 1.4x |
| Thu, 12 Oct 2023 | د.أ16.9b | د.أ12.3b | د.أ2.3b | 12.7x | 7.4x | 1.4x |
| Sat, 09 Sep 2023 | د.أ16.9b | د.أ12.3b | د.أ2.3b | 12.8x | 7.3x | 1.4x |
| Mon, 07 Aug 2023 | د.أ17.2b | د.أ12.3b | د.أ2.3b | 12.1x | 7.5x | 1.4x |
| Wed, 05 Jul 2023 | د.أ17.3b | د.أ12.5b | د.أ2.4b | 12.4x | 7.1x | 1.4x |
| Fri, 02 Jun 2023 | د.أ17.7b | د.أ12.5b | د.أ2.4b | 12.2x | 7.2x | 1.4x |
| Sun, 30 Apr 2023 | د.أ17.5b | د.أ12.3b | د.أ2.5b | 12x | 7.1x | 1.4x |
| Tue, 28 Mar 2023 | د.أ18.8b | د.أ12.3b | د.أ2.5b | 12.6x | 7.4x | 1.5x |
| Thu, 23 Feb 2023 | د.أ19.8b | د.أ12.3b | د.أ2.5b | 13.3x | 8x | 1.6x |
| Sat, 21 Jan 2023 | د.أ19.3b | د.أ11.8b | د.أ2.4b | 12x | 8x | 1.6x |
| Mon, 19 Dec 2022 | د.أ17.9b | د.أ11.6b | د.أ2.4b | 11.8x | 7.6x | 1.5x |
| Wed, 16 Nov 2022 | د.أ17.7b | د.أ11.6b | د.أ2.3b | 11.7x | 7.6x | 1.5x |
| Fri, 14 Oct 2022 | د.أ18.3b | د.أ10.5b | د.أ1.8b | 14.3x | 10.1x | 1.7x |
| Sun, 11 Sep 2022 | د.أ18.4b | د.أ10.4b | د.أ1.8b | 13.5x | 10.2x | 1.8x |
| Tue, 09 Aug 2022 | د.أ18.4b | د.أ10.2b | د.أ1.8b | 13.6x | 10.5x | 1.8x |
| Thu, 07 Jul 2022 | د.أ19.0b | د.أ9.8b | د.أ1.6b | 13.8x | 11.9x | 1.9x |
| Sat, 04 Jun 2022 | د.أ18.4b | د.أ9.7b | د.أ1.6b | 13.3x | 11.6x | 1.9x |
| Mon, 02 May 2022 | د.أ17.8b | د.أ9.5b | د.أ1.5b | 14.3x | 12x | 1.9x |
| Wed, 30 Mar 2022 | د.أ16.4b | د.أ9.2b | د.أ1.3b | 13.9x | 12.2x | 1.8x |
| Fri, 25 Feb 2022 | د.أ15.3b | د.أ8.8b | د.أ1.2b | 13.7x | 13.1x | 1.7x |
| Sun, 23 Jan 2022 | د.أ15.8b | د.أ8.7b | د.أ1.1b | 13.8x | 14.4x | 1.8x |
| Tue, 21 Dec 2021 | د.أ15.0b | د.أ8.6b | د.أ1.1b | 13.4x | 14x | 1.7x |
| Thu, 18 Nov 2021 | د.أ15.1b | د.أ8.5b | د.أ977.6m | 13.8x | 15.5x | 1.8x |
| Sat, 16 Oct 2021 | د.أ15.4b | د.أ8.1b | د.أ908.5m | 14.1x | 17x | 1.9x |
| Mon, 13 Sep 2021 | د.أ15.3b | د.أ8.1b | د.أ911.7m | 13.3x | 16.7x | 1.9x |
| Wed, 11 Aug 2021 | د.أ15.0b | د.أ8.2b | د.أ876.7m | 13.5x | 17.1x | 1.8x |
| Sun, 06 Jun 2021 | د.أ15.1b | د.أ7.6b | د.أ635.6m | 15x | 23.8x | 2x |
Price to Earnings Ratio
20.1x
Current Market PE
- Investors are pessimistic on the Jordanian market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 7.9x which is lower than its 3-year average PE of 11.0x.
Past Earnings Growth
- The earnings for Jordanian listed companies have grown 49% per year over the last three years.
- Revenues for these companies have grown 17% 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 Jordanian Market?
| JO Market | -1.59% | |
| Tech | 3.80% | |
| Energy | 0.42% | |
| Consumer Staples | 0.038% | |
| Industrials | -0.29% | |
| Consumer Discretionary | -0.65% | |
| Telecom | -0.70% | |
| Utilities | -0.81% | |
| Real Estate | -1.04% | |
| Financials | -1.65% | |
| Materials | -2.08% | |
| Healthcare | -3.00% | |
Sector PE
- Investors favour the Consumer Staples sector the most for future growth which is trading above its 3-year average PE ratio.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 7.6% over the next 5 years.
- This is better than its past earnings decline of 22% per year.
- In contrast, the Financials sector is expected to see its earnings grow by 6.6% 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 | |
|---|---|---|---|---|---|---|
| JOIB Jordan Islamic Bank | د.أ4.14 | 2.2% +د.أ18.0m | 1.5% | PB1.6x | Financials | |
| NCCO Northern Cement | د.أ2.41 | 13.7% +د.أ16.0m | -7.3% | PE32.8x | Materials | |
| UBSI Bank al Etihad | د.أ1.91 | 1.1% +د.أ4.0m | 14.8% | PB0.7x | Financials | |
| JOEP Jordan Electric Power | د.أ2.19 | 1.4% +د.أ2.8m | 15.0% | PE11.7x | Utilities | |
| AIEI Arab International Company for Education and Investment | د.أ2.58 | 2.4% +د.أ2.4m | 2.4% | PE21.8x | Consumer Discretionary |
