There's Been No Shortage Of Growth Recently For Abu Dhabi National Energy Company PJSC's (ADX:TAQA) Returns On Capital
May 22
Emirati (ADX) Utilities Sector Analysis
UpdatedMay 29, 2024
DataAggregated Company Financials
Companies4
- 7D-7.1%
- 3M-12.5%
- 1Y-14.1%
- YTD-18.0%
In the last week, the Utilities industry is up 5.2%, with Abu Dhabi National Energy Company PJSC up 7.6%. However, the industry is down 4.6% over the past year. Looking forward, earnings are forecast to grow by 4.8% annually.
Sector Valuation and Performance
Has the Emirati Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 29 May 2024 | د.إ428.5b | د.إ87.4b | د.إ16.0b | 22.4x | 26.8x | 4.9x |
| Fri, 26 Apr 2024 | د.إ465.2b | د.إ86.3b | د.إ25.7b | 17.9x | 18.1x | 5.4x |
| Sun, 24 Mar 2024 | د.إ514.4b | د.إ86.3b | د.إ25.7b | 19.8x | 20x | 6x |
| Tue, 20 Feb 2024 | د.إ499.7b | د.إ86.0b | د.إ25.5b | 19.2x | 19.6x | 5.8x |
| Thu, 18 Jan 2024 | د.إ516.6b | د.إ84.3b | د.إ25.2b | 20.1x | 20.5x | 6.1x |
| Sat, 16 Dec 2023 | د.إ511.5b | د.إ84.3b | د.إ25.2b | 19.5x | 20.3x | 6.1x |
| Mon, 13 Nov 2023 | د.إ515.3b | د.إ84.6b | د.إ25.9b | 17.9x | 19.9x | 6.1x |
| Wed, 11 Oct 2023 | د.إ517.0b | د.إ84.5b | د.إ26.0b | 18.1x | 19.9x | 6.1x |
| Fri, 08 Sep 2023 | د.إ539.4b | د.إ84.5b | د.إ26.0b | 18.6x | 20.8x | 6.4x |
| Sun, 06 Aug 2023 | د.إ530.9b | د.إ83.6b | د.إ26.8b | 18.3x | 19.8x | 6.4x |
| Tue, 04 Jul 2023 | د.إ532.9b | د.إ83.5b | د.إ26.9b | 18.2x | 19.8x | 6.4x |
| Thu, 01 Jun 2023 | د.إ486.7b | د.إ83.5b | د.إ26.9b | 16.7x | 18.1x | 5.8x |
| Sat, 29 Apr 2023 | د.إ515.0b | د.إ82.3b | د.إ17.1b | 16.7x | 30.1x | 6.3x |
| Mon, 27 Mar 2023 | د.إ514.9b | د.إ82.3b | د.إ17.1b | 16.1x | 30.1x | 6.3x |
| Wed, 22 Feb 2023 | د.إ523.9b | د.إ81.5b | د.إ16.7b | 15.7x | 31.3x | 6.4x |
| Fri, 20 Jan 2023 | د.إ538.4b | د.إ81.7b | د.إ16.9b | 16x | 31.8x | 6.6x |
| Sun, 18 Dec 2022 | د.إ527.4b | د.إ81.7b | د.إ16.9b | 14.7x | 31.2x | 6.5x |
| Tue, 15 Nov 2022 | د.إ567.0b | د.إ77.5b | د.إ15.3b | 16.7x | 37.1x | 7.3x |
| Thu, 13 Oct 2022 | د.إ417.3b | د.إ76.4b | د.إ14.9b | 18.1x | 28x | 5.5x |
| Sat, 10 Sep 2022 | د.إ266.9b | د.إ74.3b | د.إ14.4b | 18.6x | 18.6x | 3.6x |
| Mon, 08 Aug 2022 | د.إ269.2b | د.إ72.3b | د.إ12.8b | 21x | 21x | 3.7x |
| Wed, 06 Jul 2022 | د.إ265.7b | د.إ72.3b | د.إ12.8b | 20.6x | 20.7x | 3.7x |
| Fri, 03 Jun 2022 | د.إ273.5b | د.إ72.3b | د.إ12.8b | 21.3x | 21.4x | 3.8x |
| Sun, 01 May 2022 | د.إ297.8b | د.إ69.5b | د.إ12.1b | 24.7x | 24.6x | 4.3x |
| Tue, 29 Mar 2022 | د.إ139.4b | د.إ45.7b | د.إ6.0b | 23.4x | 23.4x | 3.1x |
| Thu, 24 Feb 2022 | د.إ138.3b | د.إ45.7b | د.إ6.0b | 23.2x | 23.2x | 3x |
| Sat, 22 Jan 2022 | د.إ147.3b | د.إ44.6b | د.إ5.9b | 25.2x | 25.2x | 3.3x |
| Mon, 20 Dec 2021 | د.إ148.4b | د.إ44.6b | د.إ5.9b | 25.3x | 25.3x | 3.3x |
| Wed, 17 Nov 2021 | د.إ145.0b | د.إ44.6b | د.إ5.9b | 24.8x | 24.8x | 3.3x |
| Fri, 15 Oct 2021 | د.إ138.3b | د.إ43.4b | د.إ5.2b | 26.6x | 26.6x | 3.2x |
| Sun, 12 Sep 2021 | د.إ146.2b | د.إ43.4b | د.إ5.2b | 28.1x | 28.1x | 3.4x |
| Tue, 10 Aug 2021 | د.إ140.5b | د.إ43.4b | د.إ5.2b | 27x | 27x | 3.2x |
Price to Earnings Ratio
33.4x
Current Industry PE
- Investors are pessimistic on the Emirian Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 18.6x which is lower than its 3-year average PE of 24.6x.
- The industry is trading close to its 3-year average PS ratio of 5.0x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have grown 78% per year over the last three years.
- Revenues for these companies have grown 38% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Emirati Utilities sector?
| AE Market | -3.69% | |
| Utilities | -7.11% | |
| Water Utilities | 0.73% | |
| Electric Utilities | 0% | |
| Gas Utilities | 0% | |
| Renewable Energy | 0% | |
| Other Utilities | -7.54% | |
Industry PE
- Investors are most optimistic about the Other Utilities industry even though it's trading below its 3-year average PE ratio of 24.9x.
- Analysts are expecting annual earnings growth of 3.4%, which is lower than the prior year's growth of 63.3% per year.
- Investors are most pessimistic about the Water Utilities industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 16.5x.
Forecasted Growth
- Analysts are most optimistic on the Water Utilities industry, expecting annual earnings growth of 11% over the next 5 years.
- This is better than its past earnings decline of 16% per year.
- In contrast, the Other Utilities industry is expected to see its earnings grow by 3.4% 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 | |
|---|---|---|---|---|---|
| EMPOWER Emirates Central Cooling Systems | د.إ1.48 | 1.4% +د.إ200.0m | -14.5% | PE15.6x |
