Egyptian (OMX) Market Analysis & Valuation
UpdatedJun 19, 2024
DataAggregated Company Financials
Companies203
- 7D1.7%
- 3M-6.7%
- 1Y43.8%
- YTD-0.6%
The market has climbed 1.7% in the last 7 days, lead by the Materials sector with a gain of 3.8%. In the last year, the market has climbed 44%. Earnings are forecast to grow by 15% annually.
Market Valuation and Performance
Has the Egyptian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 19 Jun 2024 | ج.م1.6t | ج.م1.2t | ج.م216.4b | 8.7x | 7.3x | 1.3x |
| Fri, 17 May 2024 | ج.م1.5t | ج.م1.2t | ج.م197.9b | 8.7x | 7.8x | 1.3x |
| Sun, 14 Apr 2024 | ج.م1.7t | ج.م1.2t | ج.م184.8b | 9.9x | 9.2x | 1.5x |
| Tue, 12 Mar 2024 | ج.م1.9t | ج.م1.1t | ج.م173.6b | 11x | 11.1x | 1.7x |
| Thu, 08 Feb 2024 | ج.م1.8t | ج.م1.1t | ج.م165.0b | 13x | 10.8x | 1.6x |
| Sat, 06 Jan 2024 | ج.م1.4t | ج.م1.1t | ج.م161.6b | 11.4x | 8.9x | 1.4x |
| Mon, 04 Dec 2023 | ج.م1.5t | ج.م1.0t | ج.م157.2b | 11.7x | 9.5x | 1.4x |
| Wed, 01 Nov 2023 | ج.م1.4t | ج.م973.3b | ج.م144.7b | 10.5x | 9.4x | 1.4x |
| Fri, 29 Sep 2023 | ج.م1.2t | ج.م970.7b | ج.م144.8b | 9.8x | 8.3x | 1.2x |
| Sun, 27 Aug 2023 | ج.م1.1t | ج.م961.6b | ج.م142.4b | 9.3x | 7.5x | 1.1x |
| Tue, 25 Jul 2023 | ج.م1.0t | ج.م904.3b | ج.م144.2b | 10.2x | 7x | 1.1x |
| Thu, 22 Jun 2023 | ج.م1.0t | ج.م1.2t | ج.م525.7b | 10.4x | 1.9x | 0.9x |
| Sat, 20 May 2023 | ج.م924.8b | ج.م835.7b | ج.م128.5b | 10.2x | 7.2x | 1.1x |
| Mon, 17 Apr 2023 | ج.م941.7b | ج.م810.4b | ج.م125.4b | 10x | 7.5x | 1.2x |
| Wed, 15 Mar 2023 | ج.م837.1b | ج.م792.5b | ج.م125.6b | 9.5x | 6.7x | 1.1x |
| Fri, 10 Feb 2023 | ج.م932.9b | ج.م772.8b | ج.م108.3b | 10.8x | 8.6x | 1.2x |
| Sun, 08 Jan 2023 | ج.م884.9b | ج.م765.9b | ج.م105.5b | 11.1x | 8.4x | 1.2x |
| Tue, 06 Dec 2022 | ج.م789.1b | ج.م673.3b | ج.م105.2b | 10.6x | 7.5x | 1.2x |
| Thu, 03 Nov 2022 | ج.م640.4b | ج.م650.0b | ج.م100.0b | 9.6x | 6.4x | 1x |
| Sat, 01 Oct 2022 | ج.م577.5b | ج.م645.2b | ج.م98.1b | 9.2x | 5.9x | 0.9x |
| Mon, 29 Aug 2022 | ج.م579.7b | ج.م632.1b | ج.م95.6b | 8.8x | 6.1x | 0.9x |
| Wed, 27 Jul 2022 | ج.م526.1b | ج.م609.1b | ج.م91.7b | 8.9x | 5.7x | 0.9x |
| Fri, 24 Jun 2022 | ج.م523.4b | ج.م601.3b | ج.م86.9b | 8.5x | 6x | 0.9x |
| Sun, 22 May 2022 | ج.م574.8b | ج.م572.3b | ج.م83.7b | 9.3x | 6.9x | 1x |
| Tue, 19 Apr 2022 | ج.م569.3b | ج.م569.5b | ج.م83.5b | 9x | 6.8x | 1x |
| Thu, 17 Mar 2022 | ج.م598.0b | ج.م569.0b | ج.م83.7b | 9.8x | 7.1x | 1.1x |
| Sat, 12 Feb 2022 | ج.م629.7b | ج.م498.6b | ج.م74.6b | 10.9x | 8.4x | 1.3x |
| Mon, 10 Jan 2022 | ج.م657.5b | ج.م492.3b | ج.م74.7b | 11.4x | 8.8x | 1.3x |
| Wed, 08 Dec 2021 | ج.م616.7b | ج.م488.3b | ج.م74.1b | 11.2x | 8.3x | 1.3x |
| Fri, 05 Nov 2021 | ج.م634.2b | ج.م467.1b | ج.م69.7b | 11.3x | 9.1x | 1.4x |
| Sun, 03 Oct 2021 | ج.م598.8b | ج.م462.4b | ج.م68.5b | 11.7x | 8.7x | 1.3x |
| Tue, 31 Aug 2021 | ج.م634.6b | ج.م462.9b | ج.م67.2b | 12.9x | 9.4x | 1.4x |
| Wed, 07 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 48% 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 | 1.66% | |
| Materials | 3.84% | |
| Real Estate | 3.25% | |
| Utilities | 2.83% | |
| Telecom | 1.99% | |
| Consumer Discretionary | 1.80% | |
| Industrials | 1.38% | |
| Healthcare | 1.24% | |
| Financials | 1.01% | |
| Energy | 0% | |
| Tech | 0% | |
| Consumer Staples | -2.99% | |
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 | |
|---|---|---|---|---|---|---|
| ABUK Abu Qir Fertilizers and Chemical Industries (S.A.E.) | ج.م57.00 | 7.5% +ج.م5.0b | 26.8% | PE6.1x | Materials | |
| TMGH Talaat Moustafa Group Holding | ج.م54.50 | 4.0% +ج.م4.3b | 498.2% | PE23.8x | Real Estate | |
| MFPC Misr Fertilizer Production | ج.م42.98 | 2.3% +ج.م2.0b | 56.9% | PE15x | Materials | |
| COMI Commercial International Bank (Egypt)E | ج.م74.00 | 0.7% +ج.م1.5b | 42.4% | PB2.2x | Financials | |
| ESRS Ezz Steel Company (S.A.E) | ج.م78.50 | 3.4% +ج.م1.4b | 115.0% | PS0.3x | Materials |
