Egyptian (OMX) Market Analysis & Valuation
UpdatedJun 15, 2024
DataAggregated Company Financials
Companies203
- 7D0.4%
- 3M-13.0%
- 1Y46.2%
- YTD-0.6%
Over the last 7 days, the market has remained flat, although notably the Consumer Staples sector declined by 6.7%. Meanwhile, the market is actually up 46% over the past year. As for the next few years, earnings are expected to grow by 15% per annum.
Market Valuation and Performance
Has the Egyptian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 15 Jun 2024 | ج.م1.6t | ج.م1.2t | ج.م215.5b | 8.7x | 7.3x | 1.3x |
| Mon, 13 May 2024 | ج.م1.5t | ج.م1.2t | ج.م187.5b | 8.6x | 8x | 1.3x |
| Wed, 10 Apr 2024 | ج.م1.7t | ج.م1.2t | ج.م176.4b | 10x | 9.6x | 1.5x |
| Fri, 08 Mar 2024 | ج.م1.9t | ج.م1.1t | ج.م173.8b | 11.1x | 10.7x | 1.7x |
| Sun, 04 Feb 2024 | ج.م1.8t | ج.م1.1t | ج.م165.0b | 12.9x | 11.1x | 1.7x |
| Tue, 02 Jan 2024 | ج.م1.4t | ج.م1.1t | ج.م161.0b | 10.7x | 8.8x | 1.3x |
| Thu, 30 Nov 2023 | ج.م1.5t | ج.م1.0t | ج.م157.9b | 11.5x | 9.4x | 1.4x |
| Sat, 28 Oct 2023 | ج.م1.4t | ج.م973.2b | ج.م144.7b | 10.5x | 9.8x | 1.5x |
| Mon, 25 Sep 2023 | ج.م1.2t | ج.م970.7b | ج.م144.8b | 9.8x | 8.2x | 1.2x |
| Wed, 23 Aug 2023 | ج.م1.1t | ج.م939.7b | ج.م139.5b | 9.4x | 7.7x | 1.1x |
| Fri, 21 Jul 2023 | ج.م1.0t | ج.م897.5b | ج.م139.5b | 10.2x | 7.3x | 1.1x |
| Sun, 18 Jun 2023 | ج.م999.3b | ج.م874.3b | ج.م140.5b | 10.5x | 7.1x | 1.1x |
| Tue, 16 May 2023 | ج.م966.1b | ج.م829.8b | ج.م125.9b | 10.6x | 7.7x | 1.2x |
| Thu, 13 Apr 2023 | ج.م916.4b | ج.م806.4b | ج.م122.9b | 10x | 7.5x | 1.1x |
| Sat, 11 Mar 2023 | ج.م898.5b | ج.م791.7b | ج.م125.3b | 10.6x | 7.2x | 1.1x |
| Mon, 06 Feb 2023 | ج.م875.4b | ج.م772.8b | ج.م108.3b | 10.5x | 8.1x | 1.1x |
| Wed, 04 Jan 2023 | ج.م849.7b | ج.م765.2b | ج.م105.2b | 11.2x | 8.1x | 1.1x |
| Fri, 02 Dec 2022 | ج.م740.7b | ج.م671.4b | ج.م105.4b | 10.5x | 7x | 1.1x |
| Sun, 30 Oct 2022 | ج.م637.9b | ج.م650.0b | ج.م100.0b | 9.2x | 6.4x | 1x |
| Tue, 27 Sep 2022 | ج.م576.1b | ج.م644.7b | ج.م97.9b | 9.2x | 5.9x | 0.9x |
| Thu, 25 Aug 2022 | ج.م573.9b | ج.م628.0b | ج.م93.2b | 8.8x | 6.2x | 0.9x |
| Sat, 23 Jul 2022 | ج.م515.4b | ج.م609.2b | ج.م91.7b | 8.4x | 5.6x | 0.8x |
| Mon, 20 Jun 2022 | ج.م536.1b | ج.م601.1b | ج.م86.9b | 9x | 6.2x | 0.9x |
| Wed, 18 May 2022 | ج.م573.6b | ج.م570.5b | ج.م83.6b | 9.3x | 6.9x | 1x |
| Fri, 15 Apr 2022 | ج.م574.7b | ج.م565.9b | ج.م82.1b | 9.3x | 7x | 1x |
| Sun, 13 Mar 2022 | ج.م576.0b | ج.م513.6b | ج.م78.6b | 9.8x | 7.3x | 1.1x |
| Tue, 08 Feb 2022 | ج.م631.9b | ج.م493.7b | ج.م74.7b | 11.2x | 8.5x | 1.3x |
| Thu, 06 Jan 2022 | ج.م661.8b | ج.م491.9b | ج.م74.1b | 11.4x | 8.9x | 1.3x |
| Sat, 04 Dec 2021 | ج.م611.1b | ج.م484.8b | ج.م72.6b | 11.2x | 8.4x | 1.3x |
| Mon, 01 Nov 2021 | ج.م635.4b | ج.م466.8b | ج.م69.7b | 11.4x | 9.1x | 1.4x |
| Wed, 29 Sep 2021 | ج.م597.8b | ج.م462.2b | ج.م68.3b | 11.8x | 8.7x | 1.3x |
| Fri, 27 Aug 2021 | ج.م633.7b | ج.م462.9b | ج.م67.2b | 12.5x | 9.4x | 1.4x |
| Sat, 03 Jul 2021 | ج.م572.1b | ج.م462.8b | ج.م67.2b | 11.7x | 8.5x | 1.2x |
Price to Earnings Ratio
8.5x
Current Market PE
- Investors are relatively neutral on the Egyptian 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 8.0x.
Past Earnings Growth
- The earnings for Egyptian listed companies have grown 47% per year over the last three years.
- Revenues for these companies have grown 39% 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 Egyptian Market?
| EG Market | 0.36% | |
| Real Estate | 2.81% | |
| Consumer Discretionary | 2.22% | |
| Materials | 2.08% | |
| Healthcare | 1.36% | |
| Utilities | 0.20% | |
| Industrials | 0.092% | |
| Financials | 0.082% | |
| Energy | 0% | |
| Tech | 0% | |
| Telecom | -2.03% | |
| Consumer Staples | -6.72% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading close to its 3-year average PE ratio of 18.7x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 2.7x.
Forecasted Growth
- Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 26% 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 grow by 9.5% 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 | |
|---|---|---|---|---|---|---|
| TMGH Talaat Moustafa Group Holding | ج.م54.50 | 5.1% +ج.م5.5b | 491.7% | PE23.8x | Real Estate | |
| ESRS Ezz Steel Company (S.A.E) | ج.م78.50 | 8.3% +ج.م3.2b | 117.9% | PS0.3x | Materials | |
| MFPC Misr Fertilizer Production | ج.م42.98 | 3.3% +ج.م2.9b | 69.6% | PE15x | Materials | |
| EFIH e-finance for Digital and Financial InvestmentsE | ج.م24.49 | 5.9% +ج.م2.5b | 37.0% | PE37.3x | Financials | |
| IRON Egyptian Iron and Steel | ج.م17.76 | 10.8% +ج.م1.7b | 203.1% | PE9.3x | Materials |
