Omani (MSM) Market Analysis & Valuation
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies98
- 7D0.1%
- 3M3.9%
- 1Y3.0%
- YTD3.2%
The Real Estate sector gained 5.4% while the market remained flat over the last week. As for the longer term, the market has risen 3.0% in the past 12 months. As for the next few years, earnings are expected to grow by 10% per annum.
Market Valuation and Performance
Has the Omani Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 08 May 2024 | ر.ع9.2b | ر.ع9.8b | ر.ع680.2m | 11.6x | 13.5x | 0.9x |
| Fri, 05 Apr 2024 | ر.ع9.1b | ر.ع9.7b | ر.ع648.5m | 11.4x | 14x | 0.9x |
| Sun, 03 Mar 2024 | ر.ع8.8b | ر.ع9.6b | ر.ع740.8m | 11.5x | 11.9x | 0.9x |
| Tue, 30 Jan 2024 | ر.ع9.3b | ر.ع9.7b | ر.ع787.2m | 11.6x | 11.8x | 1x |
| Thu, 28 Dec 2023 | ر.ع9.2b | ر.ع9.6b | ر.ع792.4m | 11.5x | 11.6x | 1x |
| Sat, 25 Nov 2023 | ر.ع9.3b | ر.ع9.6b | ر.ع790.2m | 11.9x | 11.8x | 1x |
| Mon, 23 Oct 2023 | ر.ع8.5b | ر.ع9.5b | ر.ع714.6m | 11.7x | 11.8x | 0.9x |
| Wed, 20 Sep 2023 | ر.ع8.7b | ر.ع9.4b | ر.ع627.7m | 11.7x | 13.8x | 0.9x |
| Fri, 18 Aug 2023 | ر.ع8.8b | ر.ع9.3b | ر.ع587.3m | 13.3x | 15x | 0.9x |
| Sun, 16 Jul 2023 | ر.ع8.8b | ر.ع9.3b | ر.ع595.9m | 13.6x | 14.8x | 0.9x |
| Tue, 13 Jun 2023 | ر.ع8.6b | ر.ع9.3b | ر.ع578.7m | 12.7x | 14.8x | 0.9x |
| Thu, 11 May 2023 | ر.ع8.5b | ر.ع9.1b | ر.ع617.0m | 13.1x | 13.8x | 0.9x |
| Sat, 08 Apr 2023 | ر.ع8.5b | ر.ع9.0b | ر.ع594.5m | 12x | 14.4x | 0.9x |
| Mon, 06 Mar 2023 | ر.ع8.5b | ر.ع8.7b | ر.ع556.8m | 11.7x | 15.2x | 1x |
| Wed, 01 Feb 2023 | ر.ع8.2b | ر.ع8.7b | ر.ع568.4m | 10.7x | 14.4x | 0.9x |
| Fri, 30 Dec 2022 | ر.ع8.4b | ر.ع8.6b | ر.ع486.6m | 10.9x | 17.2x | 1x |
| Sun, 27 Nov 2022 | ر.ع8.0b | ر.ع8.5b | ر.ع552.4m | 10.9x | 14.4x | 0.9x |
| Tue, 25 Oct 2022 | ر.ع7.9b | ر.ع8.2b | ر.ع519.0m | 11.9x | 15.2x | 1x |
| Thu, 22 Sep 2022 | ر.ع8.0b | ر.ع8.1b | ر.ع527.7m | 12.3x | 15.2x | 1x |
| Sat, 20 Aug 2022 | ر.ع8.1b | ر.ع8.2b | ر.ع531.9m | 12x | 15.1x | 1x |
| Mon, 18 Jul 2022 | ر.ع7.3b | ر.ع7.9b | ر.ع521.2m | 12.2x | 14.1x | 0.9x |
| Wed, 15 Jun 2022 | ر.ع7.3b | ر.ع7.9b | ر.ع522.1m | 12.3x | 14x | 0.9x |
| Fri, 13 May 2022 | ر.ع7.3b | ر.ع7.8b | ر.ع527.3m | 11.9x | 13.9x | 0.9x |
| Sun, 10 Apr 2022 | ر.ع7.4b | ر.ع7.7b | ر.ع517.4m | 12x | 14.3x | 1x |
| Tue, 08 Mar 2022 | ر.ع7.3b | ر.ع7.8b | ر.ع549.4m | 11.8x | 13.4x | 0.9x |
| Thu, 03 Feb 2022 | ر.ع7.2b | ر.ع7.7b | ر.ع548.9m | 10.6x | 13.1x | 0.9x |
| Sat, 01 Jan 2022 | ر.ع7.1b | ر.ع7.6b | ر.ع532.7m | 10.6x | 13.3x | 0.9x |
| Mon, 29 Nov 2021 | ر.ع7.2b | ر.ع7.6b | ر.ع532.8m | 11x | 13.4x | 0.9x |
| Wed, 27 Oct 2021 | ر.ع7.1b | ر.ع7.5b | ر.ع541.7m | 11.1x | 13x | 0.9x |
| Fri, 24 Sep 2021 | ر.ع6.9b | ر.ع7.5b | ر.ع535.2m | 11.3x | 12.9x | 0.9x |
| Sun, 22 Aug 2021 | ر.ع6.9b | ر.ع7.5b | ر.ع537.3m | 11.7x | 12.9x | 0.9x |
| Fri, 09 Jul 2021 | ر.ع6.9b | ر.ع7.5b | ر.ع537.3m | 11.2x | 12.9x | 0.9x |
Price to Earnings Ratio
12x
Current Market PE
- Investors are relatively neutral on the Omani 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 13.8x.
Past Earnings Growth
- The earnings for Omani listed companies have grown 8.0% per year over the last three years.
- Revenues for these companies have grown 10% 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 Omani Market?
| OM Market | 0.10% | |
| Real Estate | 5.39% | |
| Industrials | 1.87% | |
| Telecom | 1.30% | |
| Consumer Discretionary | 1.03% | |
| Healthcare | 0% | |
| Tech | 0% | |
| Financials | -0.01% | |
| Energy | -0.38% | |
| Consumer Staples | -0.72% | |
| Utilities | -1.30% | |
| Materials | -1.41% | |
Sector PE
- Investors favour the Materials sector the most for future growth, which is trading close to its 3-year average PE ratio of 84.2x.
- Analysts expect its future annual earnings growth (26.9%) to be largely in line with prior year's earnings growth.
- The market's confidence could indicate that the market believes that analysts are underestimating future growth.
- The Utilities sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 5.7x.
Forecasted Growth
- Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 43% over the next 5 years.
- This is better than its past earnings growth rate of 4.4% per year.
- In contrast, the Energy sector is expected to see its earnings grow by 6.0% 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 | |
|---|---|---|---|---|---|---|
| NBOB National Bank of Oman SAOG | ر.ع0.27 | 5.4% +ر.ع22.8m | -1.5% | PB0.7x | Financials | |
| OCAI Oman Cables Industry SAOG | ر.ع2.42 | 4.3% +ر.ع9.0m | 21.3% | PE10.9x | Industrials | |
| ABOB Ahli Bank SAOG | ر.ع0.16 | 1.3% +ر.ع4.7m | -4.7% | PB0.7x | Financials | |
| OETI Oman Education & Training Investment Company SAOG | ر.ع0.51 | 9.9% +ر.ع3.2m | 133.2% | PE6x | Consumer Discretionary | |
| BWPC Barka Water and Power Company SAOG | ر.ع0.30 | 6.3% +ر.ع2.9m | 216.7% | PE201.9x | Utilities |
