Palestinian (Al-Quds) Market Analysis & Valuation
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies38
- 7D-1.5%
- 3M-3.1%
- 1Y-17.1%
- YTD-5.5%
Over the last 7 days, the market has dropped 1.5%, driven by a decline of 4.5% in the Communication Services sector. In contrast, the Materials sector has actually gained 6.9%. The market has dropped 17% in the last year. Looking forward, earnings are forecast to decline by 3.7% per year.
Market Valuation and Performance
Has the Palestinian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 27 Apr 2024 | ₪3.4b | ₪2.9b | ₪165.9m | 16.6x | 20.5x | 1.2x |
| Mon, 25 Mar 2024 | ₪3.4b | ₪2.9b | ₪170.6m | 14.9x | 20.1x | 1.2x |
| Wed, 21 Feb 2024 | ₪3.5b | ₪3.0b | ₪268.1m | 12.6x | 12.9x | 1.2x |
| Fri, 19 Jan 2024 | ₪4.0b | ₪3.3b | ₪291.9m | 13.4x | 13.7x | 1.2x |
| Sun, 17 Dec 2023 | ₪4.0b | ₪3.3b | ₪329.4m | 11.3x | 12.2x | 1.2x |
| Tue, 14 Nov 2023 | ₪4.1b | ₪3.2b | ₪353.8m | 10.8x | 11.5x | 1.3x |
| Thu, 12 Oct 2023 | ₪4.3b | ₪3.2b | ₪354.1m | 11.5x | 12x | 1.3x |
| Sat, 09 Sep 2023 | ₪4.4b | ₪3.2b | ₪352.6m | 12x | 12.5x | 1.4x |
| Mon, 07 Aug 2023 | ₪4.4b | ₪3.2b | ₪349.3m | 11.7x | 12.7x | 1.4x |
| Wed, 05 Jul 2023 | ₪4.5b | ₪3.2b | ₪347.6m | 11.8x | 12.9x | 1.4x |
| Fri, 02 Jun 2023 | ₪4.5b | ₪3.2b | ₪345.3m | 11.7x | 12.9x | 1.4x |
| Sun, 30 Apr 2023 | ₪4.5b | ₪3.2b | ₪341.6m | 12.2x | 13.2x | 1.4x |
| Tue, 28 Mar 2023 | ₪4.5b | ₪3.1b | ₪346.7m | 12.4x | 12.9x | 1.4x |
| Thu, 23 Feb 2023 | ₪4.5b | ₪3.2b | ₪341.5m | 13x | 13.2x | 1.4x |
| Sat, 21 Jan 2023 | ₪4.4b | ₪3.2b | ₪342.4m | 11.8x | 12.9x | 1.4x |
| Mon, 19 Dec 2022 | ₪4.2b | ₪3.2b | ₪342.4m | 11.7x | 12.1x | 1.3x |
| Wed, 16 Nov 2022 | ₪4.1b | ₪3.1b | ₪338.3m | 12.5x | 12.2x | 1.3x |
| Fri, 14 Oct 2022 | ₪4.1b | ₪3.1b | ₪335.3m | 12x | 12.3x | 1.3x |
| Sun, 11 Sep 2022 | ₪4.2b | ₪3.1b | ₪331.2m | 13x | 12.7x | 1.4x |
| Tue, 09 Aug 2022 | ₪4.2b | ₪3.0b | ₪326.7m | 14.1x | 12.7x | 1.4x |
| Thu, 07 Jul 2022 | ₪4.1b | ₪3.0b | ₪327.0m | 13.8x | 12.7x | 1.4x |
| Sat, 04 Jun 2022 | ₪4.1b | ₪3.0b | ₪327.1m | 12.8x | 12.6x | 1.4x |
| Mon, 02 May 2022 | ₪3.9b | ₪3.0b | ₪315.1m | 12.8x | 12.5x | 1.3x |
| Wed, 30 Mar 2022 | ₪3.9b | ₪3.0b | ₪312.5m | 12.6x | 12.6x | 1.3x |
| Fri, 25 Feb 2022 | ₪4.0b | ₪3.0b | ₪313.7m | 12.2x | 12.8x | 1.3x |
| Sun, 23 Jan 2022 | ₪4.0b | ₪2.9b | ₪284.1m | 12.3x | 14x | 1.4x |
| Tue, 21 Dec 2021 | ₪3.9b | ₪2.9b | ₪283.6m | 12.5x | 13.8x | 1.4x |
| Thu, 18 Nov 2021 | ₪4.0b | ₪2.9b | ₪279.1m | 12.8x | 14.2x | 1.4x |
| Sat, 16 Oct 2021 | ₪3.8b | ₪2.8b | ₪254.5m | 13x | 14.7x | 1.3x |
| Mon, 13 Sep 2021 | ₪3.8b | ₪2.8b | ₪250.6m | 13.6x | 15.1x | 1.3x |
| Wed, 11 Aug 2021 | ₪3.8b | ₪2.8b | ₪249.2m | 14.8x | 15.2x | 1.3x |
| Sun, 06 Jun 2021 | ₪3.5b | ₪2.7b | ₪199.7m | 14.2x | 17.4x | 1.3x |
Price to Earnings Ratio
16.1x
Current Market PE
- Investors are optimistic on the Palestinian Territory, Occupied market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 20.5x which is higher than its 3-year average PE of 13.6x.
Past Earnings Growth
- The earnings for Palestinian Territory, Occupied listed companies have declined 6.0% per year over the last three years.
- Meanwhile revenues for these companies have grown 3.0% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Sector Trends
Which sectors have driven the changes within the Palestinian Market?
| PS Market | -1.50% | |
| Materials | 6.92% | |
| Consumer Staples | 0.17% | |
| Energy | 0% | |
| Consumer Discretionary | 0% | |
| Tech | 0% | |
| Utilities | 0% | |
| Real Estate | -0.12% | |
| Financials | -0.13% | |
| Healthcare | -0.15% | |
| Industrials | -1.05% | |
| Telecom | -4.54% | |
Sector PE
- Investors favour the Real Estate 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.
- The Consumer Staples 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 8.8x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Telecom sector.
- They expect its earnings to decline by only 3.7% per year over the next 5 years, which isn't as bad as the other sectors.
- This is an improvement from its past earnings decline of 13% per year.
- In contrast, the Telecom sector is expected to see its earnings decline by 3.7% 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 | |
|---|---|---|---|---|---|---|
| BOP Bank of Palestine | US$1.69 | 1.2% +US$4.6m | -16.7% | PB0.8x | Financials | |
| SAFABANK Safa Bank | US$0.63 | 5.0% +US$2.3m | -22.2% | n/a | Financials | |
| TNB National Bank | US$1.46 | 0.7% +US$1.1m | -20.2% | PB1x | Financials | |
| GUI Global United Insurance | US$2.01 | 4.8% +US$1.1m | n/a | PE12.8x | Financials | |
| ABRAJ Al-Wataniah towers | US$2.08 | 4.5% +US$990.0k | 34.2% | PE22.5x | Real Estate |
