Egyptian (OMX) Market Analysis & Valuation
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies204
- 7D6.4%
- 3M-11.6%
- 1Y49.6%
- YTD-0.4%
Over the last 7 days, the market has risen 6.4%, driven by gains of 6.3% in the Financials sector. In the last year, the market has climbed 50%. Earnings are forecast to grow by 16% 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, 08 May 2024 | ج.م1.6t | ج.م1.2t | ج.م186.0b | 8.9x | 8.4x | 1.3x |
| Fri, 05 Apr 2024 | ج.م1.6t | ج.م1.2t | ج.م176.3b | 9.9x | 9.3x | 1.4x |
| Sun, 03 Mar 2024 | ج.م1.8t | ج.م1.1t | ج.م163.2b | 12.5x | 11x | 1.6x |
| Tue, 30 Jan 2024 | ج.م1.9t | ج.م1.1t | ج.م165.0b | 13.5x | 11.4x | 1.7x |
| Thu, 28 Dec 2023 | ج.م1.5t | ج.م1.1t | ج.م161.6b | 11.4x | 9.3x | 1.4x |
| Sat, 25 Nov 2023 | ج.م1.5t | ج.م1.0t | ج.م155.7b | 11.5x | 9.9x | 1.5x |
| Mon, 23 Oct 2023 | ج.م1.3t | ج.م973.2b | ج.م144.7b | 10.1x | 9.2x | 1.4x |
| Wed, 20 Sep 2023 | ج.م1.2t | ج.م970.7b | ج.م144.8b | 10x | 8.2x | 1.2x |
| Fri, 18 Aug 2023 | ج.م1.1t | ج.م937.5b | ج.م139.2b | 9.4x | 7.6x | 1.1x |
| Sun, 16 Jul 2023 | ج.م1.0t | ج.م877.0b | ج.م143.2b | 10.3x | 7x | 1.1x |
| Tue, 13 Jun 2023 | ج.م985.8b | ج.م1.5t | ج.م176.9b | 10.3x | 5.6x | 0.7x |
| Thu, 11 May 2023 | ج.م964.1b | ج.م815.8b | ج.م127.0b | 10.5x | 7.6x | 1.2x |
| Sat, 08 Apr 2023 | ج.م901.0b | ج.م804.1b | ج.م125.8b | 9.6x | 7.2x | 1.1x |
| Mon, 06 Mar 2023 | ج.م916.5b | ج.م786.7b | ج.م121.5b | 10.9x | 7.5x | 1.2x |
| Wed, 01 Feb 2023 | ج.م896.4b | ج.م771.8b | ج.م107.6b | 11x | 8.3x | 1.2x |
| Fri, 30 Dec 2022 | ج.م821.8b | ج.م764.6b | ج.م105.3b | 10.9x | 7.8x | 1.1x |
| Sun, 27 Nov 2022 | ج.م715.5b | ج.م667.9b | ج.م102.8b | 10.1x | 7x | 1.1x |
| Tue, 25 Oct 2022 | ج.م605.9b | ج.م650.0b | ج.م100.0b | 9.2x | 6.1x | 0.9x |
| Thu, 22 Sep 2022 | ج.م575.0b | ج.م643.4b | ج.م97.3b | 9.1x | 5.9x | 0.9x |
| Sat, 20 Aug 2022 | ج.م574.2b | ج.م618.6b | ج.م92.8b | 9.4x | 6.2x | 0.9x |
| Mon, 18 Jul 2022 | ج.م490.1b | ج.م609.2b | ج.م91.7b | 8.2x | 5.3x | 0.8x |
| Wed, 15 Jun 2022 | ج.م546.4b | ج.م591.9b | ج.م85.1b | 9.4x | 6.4x | 0.9x |
| Fri, 13 May 2022 | ج.م592.2b | ج.م570.2b | ج.م83.6b | 9.9x | 7.1x | 1x |
| Sun, 10 Apr 2022 | ج.م602.7b | ج.م565.6b | ج.م81.9b | 10.2x | 7.4x | 1.1x |
| Tue, 08 Mar 2022 | ج.م586.3b | ج.م510.9b | ج.م78.5b | 9.8x | 7.5x | 1.1x |
| Thu, 03 Feb 2022 | ج.م636.9b | ج.م493.6b | ج.م74.6b | 11.3x | 8.5x | 1.3x |
| Sat, 01 Jan 2022 | ج.م652.3b | ج.م491.9b | ج.م74.1b | 10.9x | 8.8x | 1.3x |
| Mon, 29 Nov 2021 | ج.م611.4b | ج.م483.8b | ج.م72.3b | 11x | 8.5x | 1.3x |
| Wed, 27 Oct 2021 | ج.م631.5b | ج.م466.8b | ج.م69.7b | 11.3x | 9.1x | 1.4x |
| Fri, 24 Sep 2021 | ج.م597.6b | ج.م462.1b | ج.م68.4b | 11.8x | 8.7x | 1.3x |
| Sun, 22 Aug 2021 | ج.م616.5b | ج.م462.9b | ج.م67.2b | 12.8x | 9.2x | 1.3x |
| Fri, 09 Jul 2021 | ج.م572.1b | ج.م462.8b | ج.م67.2b | 11.7x | 8.5x | 1.2x |
Price to Earnings Ratio
8.9x
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 45% 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 | 6.44% | |
| Real Estate | 11.65% | |
| Industrials | 8.72% | |
| Telecom | 7.25% | |
| Consumer Staples | 6.57% | |
| Financials | 6.35% | |
| Materials | 4.07% | |
| Utilities | 3.95% | |
| Consumer Discretionary | 3.46% | |
| Healthcare | 1.03% | |
| Energy | 0% | |
| Tech | 0% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 18.4x.
- 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 2.6x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 23% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Industrials sector is expected to see its earnings grow by 8.6% 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 | |
|---|---|---|---|---|---|---|
| COMI Commercial International Bank (Egypt)E | ج.م76.97 | 5.4% +ج.م12.0b | 46.9% | PB2.6x | Financials | |
| TMGH Talaat Moustafa Group Holding | ج.م58.02 | 5.4% +ج.م6.1b | 519.9% | PE39.8x | Real Estate | |
| ABUK Abu Qir Fertilizers and Chemical Industries (S.A.E.) | ج.م65.96 | 5.6% +ج.م4.4b | 26.6% | PE8.6x | Materials | |
| ALCN Alexandria Container&Cargo Handling | ج.م37.41 | 8.6% +ج.م4.4b | 40.6% | PE11.7x | Industrials | |
| EAST Eastern CompanyE | ج.م24.65 | 7.1% +ج.م3.7b | 46.6% | PE9.5x | Consumer Staples |
