Emirates Central Cooling Systems Corporation Just Missed Earnings - But Analysts Have Updated Their Models
May 08
Emirati (ADX) Market Analysis & Valuation
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies140
- 7D0.3%
- 3M-3.4%
- 1Y-5.0%
- YTD-5.4%
The Utilities sector gained 3.8% while the market remained flat over the last week. As for last year, the market is down 5.0%. Looking forward, earnings are forecast to grow by 4.8% 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, 08 May 2024 | د.إ3.3t | د.إ767.2b | د.إ223.5b | 14.1x | 14.8x | 4.3x |
| Fri, 05 Apr 2024 | د.إ3.4t | د.إ738.0b | د.إ221.3b | 14.1x | 15.3x | 4.6x |
| Sun, 03 Mar 2024 | د.إ3.4t | د.إ740.3b | د.إ220.8b | 15.3x | 15.3x | 4.6x |
| Tue, 30 Jan 2024 | د.إ3.4t | د.إ658.5b | د.إ189.2b | 15.3x | 18.1x | 5.2x |
| Thu, 28 Dec 2023 | د.إ3.4t | د.إ653.9b | د.إ188.1b | 15.1x | 18.2x | 5.2x |
| Sat, 25 Nov 2023 | د.إ3.4t | د.إ650.0b | د.إ187.3b | 15.5x | 17.9x | 5.2x |
| Mon, 23 Oct 2023 | د.إ3.2t | د.إ629.2b | د.إ182.4b | 14.3x | 17.7x | 5.1x |
| Wed, 20 Sep 2023 | د.إ3.5t | د.إ616.4b | د.إ187.5b | 15.9x | 18.6x | 5.7x |
| Fri, 18 Aug 2023 | د.إ3.5t | د.إ616.4b | د.إ187.4b | 14.7x | 18.6x | 5.7x |
| Sun, 16 Jul 2023 | د.إ3.4t | د.إ601.8b | د.إ182.5b | 16.2x | 18.7x | 5.7x |
| Tue, 13 Jun 2023 | د.إ3.3t | د.إ664.3b | د.إ195.5b | 15.1x | 16.7x | 4.9x |
| Thu, 11 May 2023 | د.إ3.4t | د.إ655.6b | د.إ183.4b | 15.6x | 18.3x | 5.1x |
| Sat, 08 Apr 2023 | د.إ3.2t | د.إ642.3b | د.إ176.2b | 15.4x | 18.4x | 5x |
| Mon, 06 Mar 2023 | د.إ3.1t | د.إ569.4b | د.إ161.3b | 14.2x | 19x | 5.4x |
| Wed, 01 Feb 2023 | د.إ3.0t | د.إ559.3b | د.إ153.5b | 13x | 19.8x | 5.4x |
| Fri, 30 Dec 2022 | د.إ3.1t | د.إ554.4b | د.إ153.2b | 13.8x | 20.5x | 5.7x |
| Sun, 27 Nov 2022 | د.إ3.0t | د.إ545.4b | د.إ152.4b | 13.3x | 20x | 5.6x |
| Tue, 25 Oct 2022 | د.إ2.8t | د.إ513.4b | د.إ130.4b | 13.9x | 21.5x | 5.5x |
| Thu, 22 Sep 2022 | د.إ2.8t | د.إ509.2b | د.إ129.9b | 14.8x | 21.4x | 5.5x |
| Sat, 20 Aug 2022 | د.إ2.6t | د.إ508.3b | د.إ128.2b | 15.2x | 20.5x | 5.2x |
| Mon, 18 Jul 2022 | د.إ2.4t | د.إ479.8b | د.إ114.7b | 15.1x | 21x | 5x |
| Wed, 15 Jun 2022 | د.إ2.5t | د.إ478.1b | د.إ115.0b | 15.3x | 21.5x | 5.2x |
| Fri, 13 May 2022 | د.إ2.4t | د.إ440.0b | د.إ105.3b | 15.4x | 23.1x | 5.5x |
| Sun, 10 Apr 2022 | د.إ2.3t | د.إ396.1b | د.إ91.0b | 16x | 25x | 5.7x |
| Tue, 08 Mar 2022 | د.إ2.2t | د.إ375.5b | د.إ89.2b | 14.9x | 24.9x | 5.9x |
| Thu, 03 Feb 2022 | د.إ2.0t | د.إ346.1b | د.إ78.6b | 15.5x | 25.8x | 5.9x |
| Sat, 01 Jan 2022 | د.إ2.0t | د.إ342.1b | د.إ76.0b | 14.7x | 26.6x | 5.9x |
| Mon, 29 Nov 2021 | د.إ1.9t | د.إ342.0b | د.إ76.0b | 13.9x | 25.4x | 5.6x |
| Wed, 27 Oct 2021 | د.إ1.8t | د.إ323.9b | د.إ68.5b | 14.3x | 26.4x | 5.6x |
| Fri, 24 Sep 2021 | د.إ1.7t | د.إ312.5b | د.إ63.1b | 13.7x | 27.6x | 5.6x |
| Sun, 22 Aug 2021 | د.إ1.7t | د.إ309.4b | د.إ62.3b | 14.6x | 27.5x | 5.5x |
| Fri, 09 Jul 2021 | د.إ1.5t | د.إ307.9b | د.إ62.1b | 13.6x | 24.4x | 4.9x |
Price to Earnings Ratio
22.3x
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 14.8x which is lower than its 3-year average PE of 21.1x.
Past Earnings Growth
- The earnings for Emirian listed companies have grown 57% per year over the last three years.
- Revenues for these companies have grown 41% 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 | 0.27% | |
| Utilities | 3.84% | |
| Materials | 0.75% | |
| Financials | 0.74% | |
| Consumer Staples | 0.67% | |
| Healthcare | 0.53% | |
| Real Estate | 0.25% | |
| Industrials | -0.099% | |
| Energy | -0.92% | |
| Consumer Discretionary | -2.19% | |
| Telecom | -4.17% | |
| Tech | -4.89% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 28.3x.
- Analysts are expecting annual earnings growth of 26.8%, which is lower than the prior year's growth of 58.0% per year.
- The Consumer Staples sector is the least preferred by investors for future growth, which is trading below its 3-year average of 37.0x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 27% over the next 5 years.
- However this is lower than its past earnings growth rate of 58% 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 | |
|---|---|---|---|---|---|---|
| TAQA Abu Dhabi National Energy Company PJSC | د.إ2.94 | 6.1% +د.إ19.1b | -7.5% | PE19.9x | Utilities | |
| IHC International Holding Company PJSC | د.إ405.00 | 1.4% +د.إ12.1b | 2.3% | PE29.9x | Industrials | |
| EMAAR Emaar Properties PJSC | د.إ8.19 | 6.2% +د.إ4.2b | 37.4% | PE6.2x | Real Estate | |
| FAB First Abu Dhabi Bank P.J.S.C | د.إ12.60 | 3.1% +د.إ4.2b | -11.5% | PB1.2x | Financials | |
| ADIB Abu Dhabi Islamic Bank PJSC | د.إ12.04 | 6.4% +د.إ2.6b | 10.7% | PB1.9x | Financials |
