Abu Dhabi National Oil Company for Distribution PJSC (ADX:ADNOCDIST) Is Achieving High Returns On Its Capital
Jun 15
Emirati (ADX) Market Analysis & Valuation
UpdatedJun 19, 2024
DataAggregated Company Financials
Companies144
- 7D-0.4%
- 3M-5.6%
- 1Y-5.0%
- YTD-7.4%
Over the last 7 days, the market has remained flat, with no particular sector making any big moves this week. The past year hasn't been profitable, with the market dropping 5.0%. Earnings are forecast to grow by 4.9% annually.
Market Valuation and Performance
Has the Emirati Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 19 Jun 2024 | د.إ3.3t | د.إ781.8b | د.إ214.9b | 13.2x | 15.2x | 4.2x |
| Fri, 17 May 2024 | د.إ3.3t | د.إ781.2b | د.إ213.9b | 13.8x | 15.5x | 4.2x |
| Sun, 14 Apr 2024 | د.إ3.4t | د.إ735.6b | د.إ220.9b | 14.1x | 15.3x | 4.6x |
| Tue, 12 Mar 2024 | د.إ3.4t | د.إ738.2b | د.إ221.1b | 14.8x | 15.4x | 4.6x |
| Thu, 08 Feb 2024 | د.إ3.4t | د.إ653.2b | د.إ192.1b | 15.8x | 17.6x | 5.2x |
| Sat, 06 Jan 2024 | د.إ3.5t | د.إ653.9b | د.إ188.1b | 15.5x | 18.4x | 5.3x |
| Mon, 04 Dec 2023 | د.إ3.3t | د.إ649.5b | د.إ187.3b | 15.5x | 17.8x | 5.1x |
| Wed, 01 Nov 2023 | د.إ3.3t | د.إ645.0b | د.إ188.6b | 14.8x | 17.3x | 5.1x |
| Fri, 29 Sep 2023 | د.إ3.5t | د.إ626.9b | د.إ189.7b | 16.2x | 18.4x | 5.6x |
| Sun, 27 Aug 2023 | د.إ3.5t | د.إ616.2b | د.إ187.4b | 16.1x | 18.5x | 5.6x |
| Tue, 25 Jul 2023 | د.إ3.4t | د.إ603.8b | د.إ184.3b | 16.2x | 18.7x | 5.7x |
| Thu, 22 Jun 2023 | د.إ3.3t | د.إ664.3b | د.إ195.4b | 15.6x | 17x | 5x |
| Sat, 20 May 2023 | د.إ3.3t | د.إ663.6b | د.إ195.2b | 15.8x | 16.7x | 4.9x |
| Mon, 17 Apr 2023 | د.إ3.3t | د.إ642.8b | د.إ176.8b | 15.5x | 18.5x | 5.1x |
| Wed, 15 Mar 2023 | د.إ3.2t | د.إ576.3b | د.إ154.6b | 14.2x | 20.6x | 5.5x |
| Fri, 10 Feb 2023 | د.إ3.1t | د.إ563.8b | د.إ153.2b | 14x | 20x | 5.4x |
| Sun, 08 Jan 2023 | د.إ3.1t | د.إ554.4b | د.إ153.4b | 13.8x | 20.5x | 5.7x |
| Tue, 06 Dec 2022 | د.إ3.2t | د.إ545.6b | د.إ152.3b | 13.8x | 20.7x | 5.8x |
| Thu, 03 Nov 2022 | د.إ3.0t | د.إ523.9b | د.إ143.6b | 13.7x | 21.1x | 5.8x |
| Sat, 01 Oct 2022 | د.إ2.7t | د.إ509.2b | د.إ129.9b | 14.1x | 20.8x | 5.3x |
| Mon, 29 Aug 2022 | د.إ2.6t | د.إ508.3b | د.إ130.3b | 15.2x | 20.2x | 5.2x |
| Wed, 27 Jul 2022 | د.إ2.5t | د.إ481.3b | د.إ115.8b | 15.3x | 21.3x | 5.1x |
| Fri, 24 Jun 2022 | د.إ2.4t | د.إ475.6b | د.إ114.2b | 15.2x | 21x | 5.1x |
| Sun, 22 May 2022 | د.إ2.4t | د.إ455.5b | د.إ109.4b | 15.5x | 22.3x | 5.4x |
| Tue, 19 Apr 2022 | د.إ2.4t | د.إ420.0b | د.إ97.1b | 16.1x | 25.1x | 5.8x |
| Thu, 17 Mar 2022 | د.إ2.2t | د.إ391.3b | د.إ91.1b | 15.4x | 24.3x | 5.6x |
| Sat, 12 Feb 2022 | د.إ2.1t | د.إ364.2b | د.إ85.6b | 15.2x | 24.5x | 5.8x |
| Mon, 10 Jan 2022 | د.إ2.0t | د.إ342.4b | د.إ76.0b | 14.9x | 26.2x | 5.8x |
| Wed, 08 Dec 2021 | د.إ2.1t | د.إ342.0b | د.إ76.0b | 14.3x | 27.1x | 6x |
| Fri, 05 Nov 2021 | د.إ1.8t | د.إ326.7b | د.إ70.4b | 14.1x | 25.9x | 5.6x |
| Sun, 03 Oct 2021 | د.إ1.8t | د.إ312.4b | د.إ63.1b | 14.2x | 27.9x | 5.6x |
| Tue, 31 Aug 2021 | د.إ1.7t | د.إ309.9b | د.إ62.8b | 14.1x | 27.8x | 5.6x |
| Wed, 07 Jul 2021 | د.إ1.5t | د.إ307.9b | د.إ62.1b | 13.6x | 24.4x | 4.9x |
Price to Earnings Ratio
24.4x
Current Market PE
- Investors are pessimistic on the Emirian market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 15.2x which is lower than its 3-year average PE of 20.8x.
Past Earnings Growth
- The earnings for Emirian listed companies have grown 51% per year over the last three years.
- Revenues for these companies have grown 36% 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 Emirati Market?
| AE Market | -0.38% | |
| Energy | 1.16% | |
| Real Estate | 0.14% | |
| Financials | 0.085% | |
| Healthcare | -0.55% | |
| Materials | -0.59% | |
| Industrials | -0.59% | |
| Telecom | -0.94% | |
| Utilities | -1.08% | |
| Consumer Staples | -1.46% | |
| Tech | -1.84% | |
| Consumer Discretionary | -2.13% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 29.7x.
- Analysts are expecting annual earnings growth of 31.7%, which is lower than the prior year's growth of 50.9% per year.
- The Consumer Staples sector is the least preferred by investors for future growth, which is trading below its 3-year average of 35.7x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 32% over the next 5 years.
- However this is lower than its past earnings growth rate of 51% per year.
- In contrast, the Financials 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 | |
|---|---|---|---|---|---|---|
| ALPHADHABI Alpha Dhabi Holding PJSC | د.إ12.22 | 8.3% +د.إ9.4b | -33.2% | PE16.5x | Industrials | |
| ADNOCGAS ADNOC Gas | د.إ3.02 | 2.0% +د.إ4.6b | -1.6% | PE14.8x | Energy | |
| ADCB Abu Dhabi Commercial Bank PJSC | د.إ7.91 | 2.9% +د.إ1.6b | -2.9% | PB0.8x | Financials | |
| ALDAR Aldar Properties PJSC | د.إ5.94 | 2.4% +د.إ1.1b | 16.0% | PE10.6x | Real Estate | |
| ADIB Abu Dhabi Islamic Bank PJSC | د.إ11.04 | 2.0% +د.إ799.0m | 4.3% | PB1.7x | Financials |
