Why MEEZA QSTP (Public)'s (DSM:MEZA) Earnings Are Better Than They Seem
Apr 30
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Qatari (QE) Market Analysis & Valuation
UpdatedMay 04, 2025
DataAggregated Company Financials
Companies53
- 7D1.6%
- 3M-1.3%
- 1Y8.9%
- YTD-0.4%
The market is up 1.6% over the last week, with the Financials sector leading the way, up 3.1%. As for the past 12 months, the market is up 8.9%. Looking forward, earnings are forecast to grow by 7.6% annually.
Market Valuation and Performance
Has the Qatari Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 04 May 2025 | ر.ق607.6b | ر.ق196.3b | ر.ق48.9b | 12.1x | 12.4x | 3.1x |
| Tue, 01 Apr 2025 | ر.ق600.4b | ر.ق195.8b | ر.ق49.1b | 12.8x | 12.2x | 3.1x |
| Thu, 27 Feb 2025 | ر.ق614.7b | ر.ق195.8b | ر.ق49.1b | 13.5x | 12.5x | 3.1x |
| Sat, 25 Jan 2025 | ر.ق623.9b | ر.ق191.5b | ر.ق48.4b | 13.8x | 12.9x | 3.3x |
| Mon, 23 Dec 2024 | ر.ق624.4b | ر.ق191.7b | ر.ق48.0b | 12.8x | 13x | 3.3x |
| Wed, 20 Nov 2024 | ر.ق617.8b | ر.ق191.7b | ر.ق48.0b | 13.3x | 12.9x | 3.2x |
| Fri, 18 Oct 2024 | ر.ق631.0b | ر.ق189.8b | ر.ق47.4b | 13.7x | 13.3x | 3.3x |
| Sun, 15 Sep 2024 | ر.ق602.6b | ر.ق190.9b | ر.ق46.9b | 13.3x | 12.8x | 3.2x |
| Tue, 13 Aug 2024 | ر.ق577.0b | ر.ق190.5b | ر.ق46.5b | 12.8x | 12.4x | 3x |
| Thu, 11 Jul 2024 | ر.ق587.6b | ر.ق189.6b | ر.ق46.6b | 13.2x | 12.6x | 3.1x |
| Sat, 08 Jun 2024 | ر.ق553.0b | ر.ق188.6b | ر.ق46.3b | 12.9x | 11.9x | 2.9x |
| Mon, 06 May 2024 | ر.ق556.6b | ر.ق188.5b | ر.ق45.8b | 13.4x | 12.1x | 3x |
| Wed, 03 Apr 2024 | ر.ق569.6b | ر.ق184.7b | ر.ق45.6b | 13.6x | 12.5x | 3.1x |
| Fri, 01 Mar 2024 | ر.ق604.0b | ر.ق184.2b | ر.ق46.3b | 13.7x | 13x | 3.3x |
| Sun, 28 Jan 2024 | ر.ق601.2b | ر.ق187.1b | ر.ق46.4b | 14.3x | 13x | 3.2x |
| Tue, 26 Dec 2023 | ر.ق604.4b | ر.ق185.6b | ر.ق45.2b | 14.2x | 13.4x | 3.3x |
| Thu, 23 Nov 2023 | ر.ق596.3b | ر.ق185.6b | ر.ق45.2b | 14.2x | 13.2x | 3.2x |
| Sat, 21 Oct 2023 | ر.ق579.0b | ر.ق186.2b | ر.ق45.5b | 13.4x | 12.7x | 3.1x |
| Mon, 18 Sep 2023 | ر.ق602.8b | ر.ق185.0b | ر.ق45.5b | 13.6x | 13.2x | 3.3x |
| Wed, 16 Aug 2023 | ر.ق627.2b | ر.ق183.6b | ر.ق45.4b | 14.3x | 13.8x | 3.4x |
| Fri, 14 Jul 2023 | ر.ق605.5b | ر.ق186.3b | ر.ق46.9b | 14.3x | 12.9x | 3.2x |
| Sun, 11 Jun 2023 | ر.ق599.6b | ر.ق185.9b | ر.ق45.9b | 14.6x | 13.1x | 3.2x |
| Tue, 09 May 2023 | ر.ق626.4b | ر.ق187.3b | ر.ق48.3b | 13.9x | 13x | 3.3x |
| Thu, 06 Apr 2023 | ر.ق603.3b | ر.ق175.0b | ر.ق46.8b | 13.7x | 12.9x | 3.4x |
| Sat, 04 Mar 2023 | ر.ق611.5b | ر.ق184.7b | ر.ق47.3b | 13.7x | 12.9x | 3.3x |
| Mon, 30 Jan 2023 | ر.ق633.2b | ر.ق186.9b | ر.ق49.0b | 14.9x | 12.9x | 3.4x |
| Wed, 28 Dec 2022 | ر.ق613.0b | ر.ق183.0b | ر.ق48.0b | 14.4x | 12.8x | 3.4x |
| Fri, 25 Nov 2022 | ر.ق664.2b | ر.ق183.0b | ر.ق48.2b | 15.3x | 13.8x | 3.6x |
| Sun, 23 Oct 2022 | ر.ق704.2b | ر.ق183.0b | ر.ق48.5b | 15.6x | 14.5x | 3.8x |
| Tue, 20 Sep 2022 | ر.ق713.3b | ر.ق177.7b | ر.ق48.0b | 16.6x | 14.9x | 4x |
| Thu, 18 Aug 2022 | ر.ق778.6b | ر.ق179.3b | ر.ق46.0b | 18.2x | 16.9x | 4.3x |
| Sat, 16 Jul 2022 | ر.ق660.3b | ر.ق173.2b | ر.ق44.7b | 16.9x | 14.8x | 3.8x |
| Mon, 13 Jun 2022 | ر.ق724.8b | ر.ق172.1b | ر.ق44.7b | 18.1x | 16.2x | 4.2x |
| Wed, 11 May 2022 | ر.ق752.4b | ر.ق169.6b | ر.ق44.3b | 17.4x | 17x | 4.4x |
Price to Earnings Ratio
17x
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 13.3x.
Past Earnings Growth
- The earnings for Qatari listed companies have grown 3.3% per year over the last three years.
- Revenues for these companies have grown 5.0% 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 | 1.56% | |
| Utilities | 3.38% | |
| Financials | 3.10% | |
| Telecom | 2.16% | |
| Energy | 1.07% | |
| Healthcare | -0.44% | |
| Real Estate | -0.49% | |
| Consumer Staples | -0.98% | |
| Industrials | -1.06% | |
| Tech | -1.49% | |
| Materials | -1.73% | |
| Consumer Discretionary | -2.74% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 33.9x.
- 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 12.2x.
Forecasted Growth
- Analysts are most optimistic on the Financials sector, expecting annual earnings growth of 9.0% over the next 5 years.
- This is better than its past earnings growth rate of 7.3% per year.
- In contrast, the Telecom sector is expected to see its earnings grow by 3.6% 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 | |
|---|---|---|---|---|---|---|
| QNBK Qatar National Bank (Q.P.S.C.) | ر.ق16.66 | 3.6% +ر.ق5.4b | 18.6% | PB1.4x | Financials | |
| QIBK Qatar Islamic Bank (Q.P.S.C.) | ر.ق21.25 | 3.7% +ر.ق1.8b | 18.7% | PB1.6x | Financials | |
| CBQK Commercial Bank (P.S.Q.C.) | ر.ق4.38 | 5.0% +ر.ق841.8m | 8.7% | PB0.7x | Financials | |
| ORDS Ooredoo Q.P.S.C | ر.ق12.98 | 2.0% +ر.ق800.8m | 29.2% | PE11.9x | Telecom | |
| QEWS Qatar Electricity & Water Company Q.P.S.C | ر.ق15.28 | 3.4% +ر.ق550.0m | 1.3% | PE12.1x | Utilities |
