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 05, 2025
DataAggregated Company Financials
Companies53
- 7D1.9%
- 3M-1.0%
- 1Y9.2%
- YTD-0.06%
The market is up 1.9% over the last week, with the Financials sector leading the way, up 3.8%. As for the past 12 months, the market is up 9.2%. 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 |
|---|---|---|---|---|---|---|
| Mon, 05 May 2025 | ر.ق609.3b | ر.ق196.3b | ر.ق48.9b | 12.2x | 12.5x | 3.1x |
| Wed, 02 Apr 2025 | ر.ق600.4b | ر.ق195.8b | ر.ق49.1b | 12.8x | 12.2x | 3.1x |
| Fri, 28 Feb 2025 | ر.ق613.3b | ر.ق195.9b | ر.ق49.1b | 13x | 12.5x | 3.1x |
| Sun, 26 Jan 2025 | ر.ق623.9b | ر.ق191.4b | ر.ق48.5b | 13.8x | 12.9x | 3.3x |
| Tue, 24 Dec 2024 | ر.ق622.6b | ر.ق191.7b | ر.ق48.0b | 13.4x | 13x | 3.2x |
| Thu, 21 Nov 2024 | ر.ق619.5b | ر.ق191.7b | ر.ق48.0b | 13.3x | 12.9x | 3.2x |
| Sat, 19 Oct 2024 | ر.ق631.0b | ر.ق189.9b | ر.ق47.5b | 13.2x | 13.3x | 3.3x |
| Mon, 16 Sep 2024 | ر.ق602.6b | ر.ق190.9b | ر.ق46.9b | 13.3x | 12.8x | 3.2x |
| Wed, 14 Aug 2024 | ر.ق582.6b | ر.ق190.6b | ر.ق46.9b | 12.8x | 12.4x | 3.1x |
| Fri, 12 Jul 2024 | ر.ق589.0b | ر.ق189.6b | ر.ق46.6b | 13.3x | 12.6x | 3.1x |
| Sun, 09 Jun 2024 | ر.ق553.0b | ر.ق188.6b | ر.ق46.3b | 12.9x | 11.9x | 2.9x |
| Tue, 07 May 2024 | ر.ق554.7b | ر.ق188.5b | ر.ق45.8b | 13.3x | 12.1x | 2.9x |
| Thu, 04 Apr 2024 | ر.ق563.4b | ر.ق184.7b | ر.ق45.6b | 13.6x | 12.4x | 3.1x |
| Sat, 02 Mar 2024 | ر.ق604.0b | ر.ق184.2b | ر.ق46.3b | 13.7x | 13x | 3.3x |
| Mon, 29 Jan 2024 | ر.ق601.5b | ر.ق187.1b | ر.ق46.4b | 14.3x | 13x | 3.2x |
| Wed, 27 Dec 2023 | ر.ق603.6b | ر.ق185.6b | ر.ق45.2b | 14.2x | 13.3x | 3.3x |
| Fri, 24 Nov 2023 | ر.ق595.6b | ر.ق185.6b | ر.ق45.2b | 14.3x | 13.2x | 3.2x |
| Sun, 22 Oct 2023 | ر.ق579.0b | ر.ق186.7b | ر.ق45.6b | 13.9x | 12.7x | 3.1x |
| Tue, 19 Sep 2023 | ر.ق603.9b | ر.ق185.0b | ر.ق45.5b | 14x | 13.3x | 3.3x |
| Thu, 17 Aug 2023 | ر.ق619.6b | ر.ق184.4b | ر.ق44.9b | 14.3x | 13.8x | 3.4x |
| Sat, 15 Jul 2023 | ر.ق605.5b | ر.ق186.3b | ر.ق46.9b | 14.3x | 12.9x | 3.2x |
| Mon, 12 Jun 2023 | ر.ق596.4b | ر.ق186.0b | ر.ق45.9b | 14.2x | 13x | 3.2x |
| Wed, 10 May 2023 | ر.ق629.0b | ر.ق185.5b | ر.ق46.8b | 13.9x | 13.4x | 3.4x |
| Fri, 07 Apr 2023 | ر.ق601.7b | ر.ق175.0b | ر.ق46.8b | 13.6x | 12.8x | 3.4x |
| Sun, 05 Mar 2023 | ر.ق611.5b | ر.ق184.7b | ر.ق47.2b | 13.7x | 13x | 3.3x |
| Tue, 31 Jan 2023 | ر.ق631.2b | ر.ق186.9b | ر.ق49.0b | 15.1x | 12.9x | 3.4x |
| Thu, 29 Dec 2022 | ر.ق615.3b | ر.ق183.0b | ر.ق48.0b | 14.4x | 12.8x | 3.4x |
| Sat, 26 Nov 2022 | ر.ق664.2b | ر.ق183.0b | ر.ق48.2b | 15.3x | 13.8x | 3.6x |
| Mon, 24 Oct 2022 | ر.ق701.0b | ر.ق183.0b | ر.ق48.5b | 15.6x | 14.5x | 3.8x |
| Wed, 21 Sep 2022 | ر.ق716.4b | ر.ق177.7b | ر.ق48.0b | 16.7x | 14.9x | 4x |
| Fri, 19 Aug 2022 | ر.ق781.8b | ر.ق179.5b | ر.ق46.0b | 18.2x | 17x | 4.4x |
| Sun, 17 Jul 2022 | ر.ق665.8b | ر.ق173.2b | ر.ق44.7b | 17x | 14.9x | 3.8x |
| Tue, 14 Jun 2022 | ر.ق713.4b | ر.ق172.1b | ر.ق44.7b | 18.1x | 15.9x | 4.1x |
| Thu, 12 May 2022 | ر.ق759.7b | ر.ق169.8b | ر.ق44.5b | 17.5x | 17.1x | 4.5x |
Price to Earnings Ratio
17.1x
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 3.2% 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 | 1.86% | |
| Financials | 3.78% | |
| Energy | 2.58% | |
| Utilities | 2.10% | |
| Telecom | 1.51% | |
| Healthcare | 0.44% | |
| Real Estate | -0.52% | |
| Industrials | -1.34% | |
| Materials | -1.58% | |
| Consumer Staples | -1.64% | |
| Tech | -2.34% | |
| Consumer Discretionary | -2.88% | |
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.ق16.72 | 4.0% +ر.ق5.9b | 19.0% | PB1.4x | Financials | |
| QIBK Qatar Islamic Bank (Q.P.S.C.) | ر.ق21.70 | 5.9% +ر.ق2.9b | 21.2% | PB1.7x | Financials | |
| QGTS Qatar Gas Transport Company Limited (Nakilat) (QPSC) | ر.ق4.78 | 4.3% +ر.ق1.1b | 20.7% | PE16.1x | Energy | |
| MARK Masraf Al Rayan (Q.P.S.C.) | ر.ق2.26 | 2.8% +ر.ق576.6m | -7.1% | PB0.9x | Financials | |
| CBQK Commercial Bank (P.S.Q.C.) | ر.ق4.30 | 3.1% +ر.ق530.2m | 6.8% | PB0.7x | Financials |
