Palestinian (Al-Quds) Market Analysis & Valuation
UpdatedJun 19, 2024
DataAggregated Company Financials
Companies41
- 7D-0.08%
- 3M-0.9%
- 1Y-15.2%
- YTD-4.9%
Over the last 7 days, the market has remained flat, with no particular sector making any big moves this week. Unfortunately though, the market is down 15% over the past year. In the next few years earnings are forecast to be pretty stable.
Market Valuation and Performance
Has the Palestinian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 19 Jun 2024 | ₪3.6b | ₪2.8b | ₪102.1m | 20.5x | 34.9x | 1.3x |
| Fri, 17 May 2024 | ₪3.5b | ₪2.9b | ₪137.4m | 16.7x | 25.4x | 1.2x |
| Sun, 14 Apr 2024 | ₪3.4b | ₪2.9b | ₪167.5m | 14.9x | 20.4x | 1.2x |
| Tue, 12 Mar 2024 | ₪3.4b | ₪3.0b | ₪227.1m | 13.2x | 15.2x | 1.1x |
| Thu, 08 Feb 2024 | ₪3.5b | ₪3.0b | ₪261.8m | 13.4x | 13.5x | 1.2x |
| Sat, 06 Jan 2024 | ₪4.1b | ₪3.2b | ₪283.2m | 13.8x | 14.3x | 1.3x |
| Mon, 04 Dec 2023 | ₪4.0b | ₪3.2b | ₪332.6m | 10.8x | 12.1x | 1.2x |
| Wed, 01 Nov 2023 | ₪4.2b | ₪3.2b | ₪353.8m | 10.6x | 11.7x | 1.3x |
| Fri, 29 Sep 2023 | ₪4.4b | ₪3.2b | ₪354.1m | 11.7x | 12.3x | 1.3x |
| Sun, 27 Aug 2023 | ₪4.4b | ₪3.3b | ₪352.5m | 12x | 12.5x | 1.4x |
| Tue, 25 Jul 2023 | ₪4.4b | ₪3.2b | ₪347.1m | 11.7x | 12.8x | 1.4x |
| Thu, 22 Jun 2023 | ₪4.5b | ₪3.2b | ₪347.6m | 11.8x | 12.8x | 1.4x |
| Sat, 20 May 2023 | ₪4.5b | ₪3.2b | ₪341.7m | 12.2x | 13.2x | 1.4x |
| Mon, 17 Apr 2023 | ₪4.5b | ₪2.0b | ₪316.8m | 12.1x | 14.2x | 2.2x |
| Wed, 15 Mar 2023 | ₪4.5b | ₪3.2b | ₪344.2m | 12.7x | 13.1x | 1.4x |
| Fri, 10 Feb 2023 | ₪4.5b | ₪3.2b | ₪342.4m | 11.8x | 13.1x | 1.4x |
| Sun, 08 Jan 2023 | ₪4.3b | ₪3.2b | ₪342.4m | 11.8x | 12.7x | 1.4x |
| Tue, 06 Dec 2022 | ₪4.1b | ₪3.2b | ₪342.6m | 11.7x | 12.1x | 1.3x |
| Thu, 03 Nov 2022 | ₪4.1b | ₪3.1b | ₪336.9m | 11.8x | 12.2x | 1.3x |
| Sat, 01 Oct 2022 | ₪4.1b | ₪3.1b | ₪334.4m | 12.3x | 12.4x | 1.3x |
| Mon, 29 Aug 2022 | ₪4.1b | ₪3.0b | ₪324.4m | 13.6x | 12.8x | 1.4x |
| Wed, 27 Jul 2022 | ₪4.2b | ₪3.0b | ₪327.0m | 13.8x | 13x | 1.4x |
| Fri, 24 Jun 2022 | ₪4.2b | ₪3.1b | ₪330.8m | 13.5x | 12.8x | 1.4x |
| Sun, 22 May 2022 | ₪4.0b | ₪2.9b | ₪318.4m | 12.9x | 12.7x | 1.4x |
| Tue, 19 Apr 2022 | ₪4.0b | ₪3.0b | ₪315.1m | 13x | 12.6x | 1.3x |
| Thu, 17 Mar 2022 | ₪4.0b | ₪3.0b | ₪315.9m | 12.5x | 12.7x | 1.3x |
| Sat, 12 Feb 2022 | ₪4.0b | ₪2.9b | ₪284.1m | 12.5x | 13.9x | 1.4x |
| Mon, 10 Jan 2022 | ₪4.0b | ₪2.9b | ₪284.2m | 12.3x | 13.9x | 1.4x |
| Wed, 08 Dec 2021 | ₪3.9b | ₪2.9b | ₪279.8m | 12.9x | 14x | 1.4x |
| Fri, 05 Nov 2021 | ₪3.9b | ₪2.8b | ₪267.2m | 13.4x | 14.6x | 1.4x |
| Sun, 03 Oct 2021 | ₪3.7b | ₪2.8b | ₪250.4m | 13x | 14.9x | 1.3x |
| Tue, 31 Aug 2021 | ₪3.8b | ₪2.8b | ₪249.2m | 14.6x | 15.2x | 1.3x |
| Wed, 07 Jul 2021 | ₪3.6b | ₪2.8b | ₪249.2m | 13.6x | 14.3x | 1.3x |
Price to Earnings Ratio
14.3x
Current Market PE
- Investors are optimistic on the Palestinian Territory, Occupied market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 34.9x which is higher than its 3-year average PE of 14.1x.
Past Earnings Growth
- The earnings for Palestinian Territory, Occupied listed companies have declined 26% per year over the last three years.
- Meanwhile revenues have been flat.
- This means that either the cost of doing business or the level of investment back into businesses is increasing since sales have remained steady while profits have fallen.
Sector Trends
Which sectors have driven the changes within the Palestinian Market?
| PS Market | -0.08% | |
| Real Estate | 0.80% | |
| Telecom | 0.27% | |
| Energy | 0% | |
| Materials | 0% | |
| Industrials | 0% | |
| Consumer Discretionary | 0% | |
| Tech | 0% | |
| Utilities | 0% | |
| Financials | -0.32% | |
| Healthcare | -0.67% | |
| Consumer Staples | -0.93% | |
Sector PE
- Investors favour the Financials sector the most for future growth, which is trading above its 3-year average PE ratio of 14.3x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 0.3% over the next 5 years.
- This is better than its past earnings decline of 22% per year.
- In contrast, the Telecom 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 | |
|---|---|---|---|---|---|---|
| AIB Arab Islamic Bank | US$1.33 | 2.3% +US$3.0m | -24.0% | PB0.9x | Financials | |
| OOREDOO Wataniya Palestine Mobile Telecommunication - Public Shareholding | US$0.80 | 1.3% +US$2.9m | -4.8% | PE15.6x | Telecom | |
| ARKAAN Arkaan Real Estate P.L.C | US$1.61 | 1.3% +US$2.6m | -9.0% | PS14.3x | Real Estate | |
| PIBC Palestine Investment Bank | US$1.12 | 1.8% +US$1.6m | 6.4% | PB0.8x | Financials | |
| MIC Al-Mashreq Insurance Public Shareholding | US$2.80 | 1.8% +US$450.0k | n/a | PE28.8x | Financials |
