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Omani (MSM) Market Analysis & Valuation
UpdatedJan 10, 2025
DataAggregated Company Financials
Companies99
- 7D0.7%
- 3M-1.8%
- 1Y0.6%
- YTD0.9%
The Utilities sector gained 3.4% while the market remained flat over the last week. As for the longer term, the market has also been flat over the past year. As for the next few years, earnings are expected to grow by 10% per annum.
Market Valuation and Performance
Has the Omani Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 11 Jan 2025 | ر.ع12.3b | ر.ع10.1b | ر.ع699.7m | 11.4x | 17.5x | 1.2x |
| Mon, 09 Dec 2024 | ر.ع11.8b | ر.ع10.1b | ر.ع694.5m | 11.2x | 16.9x | 1.2x |
| Wed, 06 Nov 2024 | ر.ع12.0b | ر.ع10.1b | ر.ع684.9m | 10.6x | 17.5x | 1.2x |
| Fri, 04 Oct 2024 | ر.ع9.0b | ر.ع10.0b | ر.ع680.4m | 10.8x | 13.2x | 0.9x |
| Sun, 01 Sep 2024 | ر.ع9.2b | ر.ع10.0b | ر.ع680.1m | 11.2x | 13.5x | 0.9x |
| Tue, 30 Jul 2024 | ر.ع9.0b | ر.ع9.9b | ر.ع676.0m | 11.3x | 13.3x | 0.9x |
| Thu, 27 Jun 2024 | ر.ع8.9b | ر.ع9.9b | ر.ع677.3m | 12.1x | 13.2x | 0.9x |
| Sat, 25 May 2024 | ر.ع9.2b | ر.ع9.9b | ر.ع672.8m | 11.8x | 13.7x | 0.9x |
| Mon, 22 Apr 2024 | ر.ع9.1b | ر.ع9.8b | ر.ع679.8m | 11.8x | 13.5x | 0.9x |
| Wed, 20 Mar 2024 | ر.ع9.2b | ر.ع9.8b | ر.ع738.3m | 11.5x | 12.4x | 0.9x |
| Fri, 16 Feb 2024 | ر.ع8.9b | ر.ع9.5b | ر.ع737.3m | 11.4x | 12.1x | 0.9x |
| Sun, 14 Jan 2024 | ر.ع9.3b | ر.ع9.6b | ر.ع793.2m | 11.9x | 11.7x | 1x |
| Tue, 12 Dec 2023 | ر.ع9.3b | ر.ع9.6b | ر.ع790.1m | 11.9x | 11.7x | 1x |
| Thu, 09 Nov 2023 | ر.ع9.0b | ر.ع9.6b | ر.ع771.4m | 11.8x | 11.6x | 0.9x |
| Sat, 07 Oct 2023 | ر.ع8.7b | ر.ع9.4b | ر.ع626.2m | 12.2x | 13.9x | 0.9x |
| Mon, 04 Sep 2023 | ر.ع8.8b | ر.ع9.4b | ر.ع625.2m | 12.5x | 14.1x | 0.9x |
| Wed, 02 Aug 2023 | ر.ع8.8b | ر.ع9.3b | ر.ع596.0m | 13.5x | 14.8x | 0.9x |
| Fri, 30 Jun 2023 | ر.ع8.7b | ر.ع9.3b | ر.ع595.7m | 13.4x | 14.7x | 0.9x |
| Sun, 28 May 2023 | ر.ع8.5b | ر.ع9.3b | ر.ع576.5m | 12.3x | 14.7x | 0.9x |
| Tue, 25 Apr 2023 | ر.ع8.6b | ر.ع9.0b | ر.ع603.6m | 12.1x | 14.3x | 1x |
| Thu, 23 Mar 2023 | ر.ع8.8b | ر.ع9.0b | ر.ع593.5m | 12.7x | 14.7x | 1x |
| Sat, 18 Feb 2023 | ر.ع8.2b | ر.ع8.7b | ر.ع554.9m | 11x | 14.7x | 0.9x |
| Mon, 16 Jan 2023 | ر.ع8.4b | ر.ع8.6b | ر.ع543.8m | 10.1x | 15.5x | 1x |
| Wed, 14 Dec 2022 | ر.ع8.5b | ر.ع8.6b | ر.ع486.0m | 11.3x | 17.5x | 1x |
| Fri, 11 Nov 2022 | ر.ع6.8b | ر.ع8.3b | ر.ع530.8m | 11.2x | 12.8x | 0.8x |
| Sun, 09 Oct 2022 | ر.ع8.1b | ر.ع8.1b | ر.ع527.8m | 12.6x | 15.3x | 1x |
| Tue, 06 Sep 2022 | ر.ع8.0b | ر.ع8.1b | ر.ع532.2m | 12x | 15.1x | 1x |
| Thu, 04 Aug 2022 | ر.ع8.1b | ر.ع8.0b | ر.ع535.2m | 11.7x | 15.2x | 1x |
| Sat, 02 Jul 2022 | ر.ع7.3b | ر.ع7.9b | ر.ع523.2m | 12.3x | 13.9x | 0.9x |
| Mon, 30 May 2022 | ر.ع7.3b | ر.ع7.8b | ر.ع522.0m | 12.1x | 14x | 0.9x |
| Wed, 27 Apr 2022 | ر.ع7.4b | ر.ع7.7b | ر.ع518.8m | 11.9x | 14.2x | 1x |
| Fri, 25 Mar 2022 | ر.ع7.4b | ر.ع7.7b | ر.ع517.6m | 12.3x | 14.3x | 1x |
| Sun, 20 Feb 2022 | ر.ع7.1b | ر.ع7.8b | ر.ع553.4m | 11.8x | 12.9x | 0.9x |
| Tue, 18 Jan 2022 | ر.ع7.2b | ر.ع7.6b | ر.ع532.8m | 10.8x | 13.6x | 1x |
Price to Earnings Ratio
13.6x
Current Market PE
- Investors are optimistic on the Omani market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 17.5x which is higher than its 3-year average PE of 14.1x.
Past Earnings Growth
- The earnings for Omani listed companies have grown 9.5% per year over the last three years.
- Revenues for these companies have grown 9.9% 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 Omani Market?
| OM Market | 0.71% | |
| Utilities | 3.42% | |
| Consumer Staples | 1.16% | |
| Materials | 1.03% | |
| Energy | 0.78% | |
| Financials | 0.72% | |
| Healthcare | 0% | |
| Tech | 0% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Consumer Discretionary | -0.19% | |
| Telecom | -0.25% | |
| Industrials | -0.30% | |
| Real Estate | -2.80% | |
Sector PE
- Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 53.1x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 4.9% which is higher than its past year's earnings decline of 15.2% per year.
- The Utilities sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 6.1x.
Forecasted Growth
- Analysts are most optimistic on the Financials sector, expecting annual earnings growth of 12% over the next 5 years.
- This is better than its past earnings growth rate of 8.5% per year.
- In contrast, the Materials sector is expected to see its earnings grow by 4.9% 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 | |
|---|---|---|---|---|---|---|
| OQEP OQ Exploration and Production SAOG | ر.ع0.34 | 1.5% +ر.ع40.0m | n/a | n/a | Energy | |
| BKMB Bank Muscat SAOG | ر.ع0.26 | 1.6% +ر.ع30.0m | -4.8% | PB0.8x | Financials | |
| BKSB Sohar International Bank SAOG | ر.ع0.14 | 1.4% +ر.ع13.2m | 42.7% | PB1.2x | Financials | |
| OCAI Oman Cables Industry SAOG | ر.ع2.90 | 3.9% +ر.ع9.9m | 26.1% | PE12x | Industrials | |
| PHPC Phoenix Power Company SAOG | ر.ع0.065 | 8.3% +ر.ع7.3m | 18.2% | PE4.2x | Utilities |
