Qatar Electricity & Water Company Q.P.S.C.'s (DSM:QEWS) Price Is Out Of Tune With Earnings
Oct 24
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Qatari (QE) Market Analysis & Valuation
UpdatedOct 28, 2024
DataAggregated Company Financials
Companies54
- 7D-0.2%
- 3M5.8%
- 1Y13.1%
- YTD0.2%
Over the last 7 days, the market has remained flat, with no particular sector making any big moves this week. Meanwhile, the market is actually up 13% over the past year. As for the next few years, earnings are expected to grow by 6.5% 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 |
|---|---|---|---|---|---|---|
| Mon, 28 Oct 2024 | ر.ق622.4b | ر.ق190.0b | ر.ق47.5b | 13.2x | 13.1x | 3.3x |
| Wed, 25 Sep 2024 | ر.ق610.5b | ر.ق189.8b | ر.ق47.0b | 13.9x | 13x | 3.2x |
| Fri, 23 Aug 2024 | ر.ق585.8b | ر.ق190.9b | ر.ق46.9b | 12.9x | 12.5x | 3.1x |
| Sun, 21 Jul 2024 | ر.ق580.5b | ر.ق190.0b | ر.ق46.6b | 13.1x | 12.4x | 3.1x |
| Tue, 18 Jun 2024 | ر.ق561.4b | ر.ق188.6b | ر.ق46.3b | 12.9x | 12.1x | 3x |
| Thu, 16 May 2024 | ر.ق559.3b | ر.ق188.6b | ر.ق46.3b | 13.2x | 12.1x | 3x |
| Sat, 13 Apr 2024 | ر.ق576.2b | ر.ق186.6b | ر.ق45.9b | 13.7x | 12.6x | 3.1x |
| Mon, 11 Mar 2024 | ر.ق589.3b | ر.ق184.7b | ر.ق45.4b | 13.5x | 13x | 3.2x |
| Wed, 07 Feb 2024 | ر.ق577.9b | ر.ق187.5b | ر.ق46.1b | 13.7x | 12.5x | 3.1x |
| Fri, 05 Jan 2024 | ر.ق609.3b | ر.ق185.6b | ر.ق45.2b | 14.3x | 13.5x | 3.3x |
| Sun, 03 Dec 2023 | ر.ق588.0b | ر.ق185.6b | ر.ق45.2b | 14.1x | 13x | 3.2x |
| Tue, 31 Oct 2023 | ر.ق561.1b | ر.ق186.5b | ر.ق45.4b | 13.4x | 12.4x | 3x |
| Thu, 28 Sep 2023 | ر.ق604.7b | ر.ق183.6b | ر.ق45.2b | 14.2x | 13.4x | 3.3x |
| Sat, 26 Aug 2023 | ر.ق611.2b | ر.ق184.2b | ر.ق45.3b | 13.8x | 13.5x | 3.3x |
| Mon, 24 Jul 2023 | ر.ق620.9b | ر.ق186.5b | ر.ق47.0b | 14.8x | 13.2x | 3.3x |
| Wed, 21 Jun 2023 | ر.ق609.2b | ر.ق186.0b | ر.ق46.6b | 14.2x | 13.1x | 3.3x |
| Fri, 19 May 2023 | ر.ق628.8b | ر.ق185.3b | ر.ق47.0b | 14x | 13.4x | 3.4x |
| Sun, 16 Apr 2023 | ر.ق587.3b | ر.ق177.0b | ر.ق46.9b | 13.6x | 12.5x | 3.3x |
| Tue, 14 Mar 2023 | ر.ق599.8b | ر.ق184.7b | ر.ق47.2b | 13.8x | 12.7x | 3.2x |
| Thu, 09 Feb 2023 | ر.ق599.3b | ر.ق187.9b | ر.ق49.0b | 14.2x | 12.2x | 3.2x |
| Sat, 07 Jan 2023 | ر.ق632.2b | ر.ق183.0b | ر.ق48.0b | 14.4x | 13.2x | 3.5x |
| Mon, 05 Dec 2022 | ر.ق676.5b | ر.ق183.0b | ر.ق48.2b | 15.5x | 14x | 3.7x |
| Wed, 02 Nov 2022 | ر.ق694.8b | ر.ق183.0b | ر.ق48.2b | 15.8x | 14.4x | 3.8x |
| Fri, 30 Sep 2022 | ر.ق706.0b | ر.ق177.7b | ر.ق48.0b | 16.3x | 14.7x | 4x |
| Sun, 28 Aug 2022 | ر.ق765.4b | ر.ق177.7b | ر.ق48.0b | 17.7x | 16x | 4.3x |
| Tue, 26 Jul 2022 | ر.ق708.8b | ر.ق173.4b | ر.ق44.6b | 17.1x | 15.9x | 4.1x |
| Thu, 23 Jun 2022 | ر.ق670.4b | ر.ق172.1b | ر.ق44.7b | 16.9x | 15x | 3.9x |
| Sat, 21 May 2022 | ر.ق716.5b | ر.ق172.2b | ر.ق44.7b | 17.6x | 16x | 4.2x |
| Mon, 18 Apr 2022 | ر.ق785.1b | ر.ق167.3b | ر.ق42.2b | 18.7x | 18.6x | 4.7x |
| Wed, 16 Mar 2022 | ر.ق759.1b | ر.ق167.7b | ر.ق43.0b | 18x | 17.7x | 4.5x |
| Fri, 11 Feb 2022 | ر.ق740.0b | ر.ق162.3b | ر.ق40.8b | 18.4x | 18.1x | 4.6x |
| Sun, 09 Jan 2022 | ر.ق688.3b | ر.ق158.6b | ر.ق38.1b | 18.1x | 18x | 4.3x |
| Tue, 07 Dec 2021 | ر.ق676.0b | ر.ق156.0b | ر.ق37.9b | 19.1x | 17.8x | 4.3x |
| Thu, 04 Nov 2021 | ر.ق686.4b | ر.ق155.5b | ر.ق37.5b | 19.1x | 18.3x | 4.4x |
Price to Earnings Ratio
18.3x
Current Market PE
- Investors are relatively neutral on the Qatari 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 14.2x.
Past Earnings Growth
- The earnings for Qatari listed companies have grown 8.2% per year over the last three years.
- Revenues for these companies have grown 6.9% 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 Qatari Market?
| QA Market | -0.19% | |
| Real Estate | 2.27% | |
| Industrials | 2.02% | |
| Telecom | 0.45% | |
| Materials | 0.23% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Consumer Staples | -0.0056% | |
| Energy | -0.23% | |
| Utilities | -0.25% | |
| Healthcare | -0.41% | |
| Tech | -1.20% | |
| Financials | -1.40% | |
| Consumer Discretionary | -1.68% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 33.5x.
- 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 13.2x.
Forecasted Growth
- Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 11% 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 decline by 4.6% 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 | |
|---|---|---|---|---|---|---|
| ERES Ezdan Holding Group Q.P.S.C | ر.ق1.12 | 15.6% +ر.ق4.0b | 30.2% | PE258.7x | Real Estate | |
| IQCD Industries Qatar Q.P.S.C | ر.ق13.62 | 3.1% +ر.ق2.5b | 9.4% | PE16.6x | Industrials | |
| ORDS Ooredoo Q.P.S.C | ر.ق11.35 | 0.7% +ر.ق256.3m | 20.9% | PE11.8x | Telecom | |
| DUBK Dukhan Bank Q.P.S.C | ر.ق3.79 | 1.1% +ر.ق223.4m | 5.3% | PB1.3x | Financials | |
| QATI Qatar Insurance Company Q.S.P.C | ر.ق2.21 | 2.8% +ر.ق196.0m | -9.6% | PE7.6x | Financials |
