Bahraini (BAX) Market Analysis & Valuation
UpdatedJun 19, 2024
DataAggregated Company Financials
Companies30
- 7D0.2%
- 3M0.3%
- 1Y4.8%
- YTD4.5%
In the last week, the market has been flat, with a notable exception in the Real Estate sector dropping 4.3%. More promisingly, the market is up 4.8% over the past year. As for the next few years, earnings are expected to grow by 38% per annum.
Market Valuation and Performance
Has the Bahraini Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 19 Jun 2024 | ب.د8.1b | ب.د4.7b | ب.د649.0m | 11.7x | 12.5x | 1.7x |
| Fri, 17 May 2024 | ب.د8.0b | ب.د4.8b | ب.د651.8m | 10.3x | 12.3x | 1.7x |
| Sun, 14 Apr 2024 | ب.د8.1b | ب.د4.7b | ب.د642.9m | 11.4x | 12.6x | 1.7x |
| Tue, 12 Mar 2024 | ب.د7.6b | ب.د4.7b | ب.د660.0m | 11.4x | 11.5x | 1.6x |
| Thu, 08 Feb 2024 | ب.د7.6b | ب.د4.6b | ب.د652.2m | 11.4x | 11.7x | 1.7x |
| Sat, 06 Jan 2024 | ب.د7.7b | ب.د5.4b | ب.د681.6m | 11.6x | 11.4x | 1.4x |
| Mon, 04 Dec 2023 | ب.د7.6b | ب.د5.4b | ب.د681.6m | 11.4x | 11.1x | 1.4x |
| Wed, 01 Nov 2023 | ب.د7.5b | ب.د5.4b | ب.د723.9m | 11.3x | 10.4x | 1.4x |
| Fri, 29 Sep 2023 | ب.د7.5b | ب.د5.4b | ب.د718.3m | 11.6x | 10.5x | 1.4x |
| Sun, 27 Aug 2023 | ب.د7.5b | ب.د5.4b | ب.د718.8m | 11.6x | 10.4x | 1.4x |
| Tue, 25 Jul 2023 | ب.د7.4b | ب.د5.2b | ب.د898.1m | 12.1x | 8.2x | 1.4x |
| Thu, 22 Jun 2023 | ب.د7.3b | ب.د5.2b | ب.د884.5m | 12x | 8.3x | 1.4x |
| Sat, 20 May 2023 | ب.د7.4b | ب.د5.6b | ب.د941.7m | 11.2x | 7.9x | 1.3x |
| Mon, 17 Apr 2023 | ب.د7.0b | ب.د5.6b | ب.د1.0b | 10.7x | 6.9x | 1.2x |
| Wed, 15 Mar 2023 | ب.د7.4b | ب.د5.6b | ب.د1.0b | 10.8x | 7.3x | 1.3x |
| Fri, 10 Feb 2023 | ب.د7.5b | ب.د5.6b | ب.د1.1b | 10.9x | 6.9x | 1.3x |
| Sun, 08 Jan 2023 | ب.د7.2b | ب.د5.7b | ب.د1.2b | 11.1x | 5.9x | 1.3x |
| Tue, 06 Dec 2022 | ب.د7.0b | ب.د5.7b | ب.د1.2b | 10.9x | 5.7x | 1.2x |
| Thu, 03 Nov 2022 | ب.د17.9b | ب.د6.6b | ب.د1.8b | 11.2x | 9.7x | 2.7x |
| Sat, 01 Oct 2022 | ب.د18.0b | ب.د6.6b | ب.د1.8b | 11.5x | 9.7x | 2.7x |
| Mon, 29 Aug 2022 | ب.د18.0b | ب.د6.6b | ب.د1.8b | 11.7x | 9.9x | 2.8x |
| Wed, 27 Jul 2022 | ب.د18.1b | ب.د6.2b | ب.د1.7b | 11.7x | 11x | 2.9x |
| Fri, 24 Jun 2022 | ب.د16.5b | ب.د6.2b | ب.د1.7b | 13.1x | 10x | 2.7x |
| Sun, 22 May 2022 | ب.د17.6b | ب.د6.1b | ب.د1.6b | 13.6x | 10.7x | 2.9x |
| Tue, 19 Apr 2022 | ب.د19.6b | ب.د5.9b | ب.د1.5b | 13.8x | 12.9x | 3.3x |
| Thu, 17 Mar 2022 | ب.د18.0b | ب.د5.8b | ب.د1.5b | 13.9x | 11.9x | 3.1x |
| Sat, 12 Feb 2022 | ب.د17.2b | ب.د5.4b | ب.د1.1b | 14.7x | 16.2x | 3.2x |
| Mon, 10 Jan 2022 | ب.د16.4b | ب.د5.4b | ب.د1.1b | 15x | 15.5x | 3x |
| Wed, 08 Dec 2021 | ب.د16.6b | ب.د5.4b | ب.د1.1b | 14.3x | 15.6x | 3.1x |
| Fri, 05 Nov 2021 | ب.د16.7b | ب.د5.4b | ب.د1.0b | 14x | 16.1x | 3.1x |
| Sun, 03 Oct 2021 | ب.د16.1b | ب.د5.2b | ب.د850.7m | 14.8x | 19x | 3.1x |
| Tue, 31 Aug 2021 | ب.د16.0b | ب.د5.3b | ب.د835.2m | 14.1x | 19.2x | 3x |
| Wed, 07 Jul 2021 | ب.د15.2b | ب.د5.3b | ب.د835.2m | 13.2x | 18.2x | 2.9x |
Price to Earnings Ratio
18.2x
Current Market PE
- Investors are relatively neutral on the Bahraini 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 11.5x.
Past Earnings Growth
- The earnings for companies in the Bahraini industry have declined 8.1% per year over the last three years.
- Revenues have also declined 3.4% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Sector Trends
Which sectors have driven the changes within the Bahraini Market?
| BH Market | 0.20% | |
| Consumer Discretionary | 1.03% | |
| Industrials | 0.62% | |
| Materials | 0.42% | |
| Financials | 0.15% | |
| Energy | 0% | |
| Consumer Staples | 0% | |
| Healthcare | 0% | |
| Tech | 0% | |
| Telecom | 0% | |
| Utilities | 0% | |
| Real Estate | -4.32% | |
Sector PE
- Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 6.5x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 37.7% which is higher than its past year's earnings decline of 70.0% per year.
- The Real Estate sector is the least preferred by investors for future growth, which is trading below its 3-year average of 13.9x.
Forecasted Growth
- Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 38% over the next 5 years.
- This is better than its past earnings decline of 70% per year.
- In contrast, the Materials sector is expected to see its earnings grow by 38% 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 | |
|---|---|---|---|---|---|---|
| SALAM Al Salam Bank B.S.C | ب.د0.24 | 1.3% +ب.د8.1m | 72.4% | PB1.7x | Financials | |
| ALBH Aluminium Bahrain B.S.C | ب.د1.19 | 0.4% +ب.د7.1m | 9.7% | PE17.7x | Materials | |
| DUTYF Bahrain Duty Free Shop Complex BSC | ب.د0.52 | 4.0% +ب.د2.8m | n/a | PE14.3x | Consumer Discretionary | |
| BASREC Bahrain Ship Repairing and Engineering Company BSC | ب.د1.10 | 4.8% +ب.د989.6k | n/a | PE9.6x | Industrials | |
| ESTERAD Esterad Investment Company BSC | ب.د0.24 | 2.1% +ب.د732.6k | 127.0% | PE6.3x | Financials |
