Mesaieed Petrochemical Holding Company Q.P.S.C (DSM:MPHC) Could Be Struggling To Allocate Capital
Jul 23
Qatari (QE) Market Analysis & Valuation
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies54
- 7D0.8%
- 3M4.3%
- 1Y-8.9%
- YTD-5.8%
Over the last 7 days, the market has remained flat, with no particular sector making any big moves this week. Unfortunately though, the market is down 8.9% over the past year. As for the next few years, earnings are expected to grow by 6.9% per annum.
Market Valuation and Performance
Has the Qatari Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | ر.ق585.2b | ر.ق190.2b | ر.ق46.7b | 13.1x | 12.5x | 3.1x |
| Sun, 23 Jun 2024 | ر.ق563.0b | ر.ق188.6b | ر.ق46.3b | 13.1x | 12.2x | 3x |
| Tue, 21 May 2024 | ر.ق559.6b | ر.ق188.7b | ر.ق46.3b | 13.2x | 12.1x | 3x |
| Thu, 18 Apr 2024 | ر.ق572.2b | ر.ق186.6b | ر.ق45.9b | 13.9x | 12.5x | 3.1x |
| Sat, 16 Mar 2024 | ر.ق590.4b | ر.ق184.7b | ر.ق45.4b | 13.8x | 13x | 3.2x |
| Mon, 12 Feb 2024 | ر.ق580.6b | ر.ق186.3b | ر.ق45.8b | 13.6x | 12.7x | 3.1x |
| Wed, 10 Jan 2024 | ر.ق609.5b | ر.ق185.6b | ر.ق45.2b | 14.3x | 13.5x | 3.3x |
| Fri, 08 Dec 2023 | ر.ق578.0b | ر.ق185.6b | ر.ق45.2b | 13.9x | 12.8x | 3.1x |
| Sun, 05 Nov 2023 | ر.ق572.3b | ر.ق187.4b | ر.ق45.7b | 14.1x | 12.5x | 3.1x |
| Tue, 03 Oct 2023 | ر.ق605.0b | ر.ق183.6b | ر.ق45.2b | 14.4x | 13.4x | 3.3x |
| Thu, 31 Aug 2023 | ر.ق612.1b | ر.ق185.0b | ر.ق45.5b | 13.8x | 13.4x | 3.3x |
| Sat, 29 Jul 2023 | ر.ق640.0b | ر.ق186.7b | ر.ق47.0b | 14.9x | 13.6x | 3.4x |
| Mon, 26 Jun 2023 | ر.ق580.1b | ر.ق186.0b | ر.ق46.6b | 13.4x | 12.4x | 3.1x |
| Wed, 24 May 2023 | ر.ق629.1b | ر.ق185.3b | ر.ق47.0b | 14.6x | 13.4x | 3.4x |
| Fri, 21 Apr 2023 | ر.ق576.5b | ر.ق182.5b | ر.ق46.9b | 13.8x | 12.3x | 3.2x |
| Sun, 19 Mar 2023 | ر.ق534.9b | ر.ق168.8b | ر.ق45.4b | 12.9x | 11.8x | 3.2x |
| Tue, 14 Feb 2023 | ر.ق584.8b | ر.ق188.4b | ر.ق48.0b | 13.8x | 12.2x | 3.1x |
| Thu, 12 Jan 2023 | ر.ق639.2b | ر.ق183.0b | ر.ق48.0b | 14.9x | 13.3x | 3.5x |
| Sat, 10 Dec 2022 | ر.ق643.8b | ر.ق183.0b | ر.ق48.2b | 14.9x | 13.3x | 3.5x |
| Mon, 07 Nov 2022 | ر.ق694.2b | ر.ق183.1b | ر.ق48.2b | 15.4x | 14.4x | 3.8x |
| Wed, 05 Oct 2022 | ر.ق725.1b | ر.ق177.7b | ر.ق48.0b | 16.3x | 15.1x | 4.1x |
| Fri, 02 Sep 2022 | ر.ق733.9b | ر.ق177.7b | ر.ق48.0b | 17.3x | 15.3x | 4.1x |
| Sun, 31 Jul 2022 | ر.ق722.5b | ر.ق176.6b | ر.ق44.8b | 17.5x | 16.1x | 4.1x |
| Tue, 28 Jun 2022 | ر.ق683.7b | ر.ق172.1b | ر.ق44.7b | 16.9x | 15.3x | 4x |
| Thu, 26 May 2022 | ر.ق722.6b | ر.ق172.1b | ر.ق44.7b | 16.8x | 16.1x | 4.2x |
| Sat, 23 Apr 2022 | ر.ق782.1b | ر.ق167.6b | ر.ق42.3b | 18.7x | 18.5x | 4.7x |
| Mon, 21 Mar 2022 | ر.ق762.9b | ر.ق167.6b | ر.ق42.9b | 18x | 17.8x | 4.6x |
| Wed, 16 Feb 2022 | ر.ق731.4b | ر.ق163.3b | ر.ق42.4b | 18.2x | 17.2x | 4.5x |
| Fri, 14 Jan 2022 | ر.ق709.0b | ر.ق159.2b | ر.ق39.1b | 18.5x | 18.1x | 4.5x |
| Sun, 12 Dec 2021 | ر.ق676.3b | ر.ق158.4b | ر.ق38.0b | 18x | 17.8x | 4.3x |
| Tue, 09 Nov 2021 | ر.ق692.0b | ر.ق155.5b | ر.ق37.5b | 19.2x | 18.4x | 4.4x |
| Thu, 07 Oct 2021 | ر.ق671.0b | ر.ق151.7b | ر.ق34.8b | 19.6x | 19.3x | 4.4x |
| Sat, 04 Sep 2021 | ر.ق638.5b | ر.ق151.7b | ر.ق34.8b | 19.2x | 18.4x | 4.2x |
| Mon, 02 Aug 2021 | ر.ق625.2b | ر.ق151.7b | ر.ق34.8b | 18.9x | 18x | 4.1x |
Price to Earnings Ratio
18x
Current Market PE
- Investors are pessimistic on the Qatari market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 12.5x which is lower than its 3-year average PE of 14.7x.
Past Earnings Growth
- The earnings for Qatari listed companies have grown 10% per year over the last three years.
- Revenues for these companies have grown 7.8% 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 Qatari Market?
| QA Market | 0.81% | |
| Telecom | 1.89% | |
| Financials | 1.74% | |
| Consumer Staples | 1.66% | |
| Industrials | 0.90% | |
| Utilities | -0.59% | |
| Tech | -0.84% | |
| Energy | -1.02% | |
| Materials | -1.38% | |
| Consumer Discretionary | -1.92% | |
| Real Estate | -2.89% | |
| Healthcare | -2.98% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 32.6x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 13.6x.
Forecasted Growth
- Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 10% over the next 5 years.
- However this is lower than its past earnings growth rate of 22% per year.
- In contrast, the Materials industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|---|
| QNBK Qatar National Bank (Q.P.S.C.) | ر.ق15.27 | 3.3% +ر.ق4.5b | -9.1% | PB1.3x | Financials | |
| ORDS Ooredoo Q.P.S.C | ر.ق10.46 | 2.4% +ر.ق800.8m | -8.3% | PE11.3x | Telecom | |
| QIIK Qatar International Islamic Bank (Q.P.S.C) | ر.ق10.55 | 1.3% +ر.ق211.9m | 1.3% | PB1.7x | Financials | |
| DUBK Dukhan Bank Q.P.S.C | ر.ق3.80 | 1.1% +ر.ق207.8m | -8.1% | PB1.3x | Financials | |
| QNNS Qatar Navigation Q.P.S.C | ر.ق11.88 | 1.5% +ر.ق204.5m | 12.3% | PE13.1x | Industrials |
