Palestinian (Al-Quds) Financials Sector Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies15
- 7D-2.2%
- 3M-3.2%
- 1Y-19.9%
- YTD-7.5%
Over the last 7 days, the Financials industry has dropped 2.1%, driven by Bank of Palestine declining 5.3%. On the other hand Palestine Investment Bank is actually up 6.5%. Overall the industry is down 20% in 12 months.
Sector Valuation and Performance
Has the Palestinian Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | ₪1.5b | ₪892.7m | ₪41.2m | 18.8x | 36.7x | 1.7x |
| Tue, 16 Apr 2024 | ₪1.5b | ₪958.1m | ₪47.0m | 20.2x | 32.7x | 1.6x |
| Thu, 14 Mar 2024 | ₪1.5b | ₪1.0b | ₪105.3m | 13.2x | 14.6x | 1.5x |
| Sat, 10 Feb 2024 | ₪1.5b | ₪957.4m | ₪132.6m | 12.9x | 11.6x | 1.6x |
| Mon, 08 Jan 2024 | ₪1.7b | ₪1.1b | ₪138.1m | 13x | 12.3x | 1.5x |
| Wed, 06 Dec 2023 | ₪1.7b | ₪1.1b | ₪183.7m | 11.2x | 9.3x | 1.5x |
| Fri, 03 Nov 2023 | ₪1.8b | ₪1.1b | ₪192.4m | 11.1x | 9.5x | 1.6x |
| Sun, 01 Oct 2023 | ₪1.9b | ₪1.1b | ₪192.7m | 12x | 10.1x | 1.7x |
| Tue, 29 Aug 2023 | ₪1.9b | ₪1.2b | ₪191.0m | 12.1x | 10.1x | 1.7x |
| Thu, 27 Jul 2023 | ₪1.9b | ₪1.1b | ₪185.2m | 12x | 10.4x | 1.7x |
| Sat, 24 Jun 2023 | ₪2.0b | ₪1.1b | ₪185.2m | 11.9x | 10.5x | 1.7x |
| Mon, 22 May 2023 | ₪2.0b | ₪1.1b | ₪177.7m | 12.4x | 11x | 1.8x |
| Wed, 19 Apr 2023 | ₪1.9b | ₪1.1b | ₪178.3m | 12.3x | 10.9x | 1.7x |
| Fri, 17 Mar 2023 | ₪1.9b | ₪1.1b | ₪177.6m | 12.3x | 10.9x | 1.7x |
| Sun, 12 Feb 2023 | ₪1.9b | ₪1.1b | ₪160.0m | 13.4x | 12.1x | 1.8x |
| Tue, 10 Jan 2023 | ₪1.9b | ₪1.1b | ₪160.0m | 13.1x | 11.7x | 1.7x |
| Thu, 08 Dec 2022 | ₪1.9b | ₪1.1b | ₪160.0m | 13x | 11.8x | 1.8x |
| Sat, 05 Nov 2022 | ₪1.9b | ₪1.1b | ₪152.4m | 14.9x | 12.6x | 1.8x |
| Mon, 03 Oct 2022 | ₪2.0b | ₪1.1b | ₪152.4m | 14.9x | 12.9x | 1.9x |
| Wed, 31 Aug 2022 | ₪2.0b | ₪993.8m | ₪144.8m | 14.9x | 13.5x | 2x |
| Fri, 29 Jul 2022 | ₪2.0b | ₪966.9m | ₪147.6m | 16.2x | 13.4x | 2x |
| Sun, 26 Jun 2022 | ₪1.9b | ₪1.0b | ₪149.0m | 14.4x | 12.8x | 1.9x |
| Tue, 24 May 2022 | ₪1.7b | ₪883.2m | ₪137.8m | 13.6x | 12.6x | 2x |
| Thu, 21 Apr 2022 | ₪1.7b | ₪979.0m | ₪137.9m | 13.2x | 12.5x | 1.8x |
| Sat, 19 Mar 2022 | ₪1.8b | ₪979.8m | ₪142.1m | 13.9x | 12.5x | 1.8x |
| Mon, 14 Feb 2022 | ₪1.8b | ₪963.6m | ₪128.3m | 15.1x | 13.8x | 1.8x |
| Wed, 12 Jan 2022 | ₪1.8b | ₪963.6m | ₪128.3m | 15.5x | 13.9x | 1.9x |
| Fri, 10 Dec 2021 | ₪1.8b | ₪963.6m | ₪128.3m | 15.5x | 13.9x | 1.8x |
| Sun, 07 Nov 2021 | ₪1.8b | ₪947.1m | ₪123.5m | 16.7x | 14.3x | 1.9x |
| Tue, 05 Oct 2021 | ₪1.7b | ₪923.9m | ₪109.4m | 16.1x | 15.7x | 1.9x |
| Thu, 02 Sep 2021 | ₪1.8b | ₪926.0m | ₪110.3m | 16.9x | 15.9x | 1.9x |
| Sat, 31 Jul 2021 | ₪1.8b | ₪926.0m | ₪110.3m | 17.5x | 16.1x | 1.9x |
Price to Earnings Ratio
19.3x
Current Industry PE
- Investors are optimistic on the Palestinian Territory, Occupied Financials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 33.2x which is higher than its 3-year average PE of 13.7x.
- The industry is trading close to its 3-year average PS ratio of 1.8x.
Past Earnings Growth
- The earnings for companies in the Financials industry have declined 18% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Palestinian Financials sector?
| PS Market | -1.38% | |
| Financials | -2.17% | |
| Insurance | 1.14% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Diversified Financial | 0% | |
| Consumer Finance | 0% | |
| Capital Markets | 0% | |
| Banks | -3.17% | |
Industry PE
- Investors are most optimistic about the Insurance industry which is trading above its 3-year average PE ratio of 16.5x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| PIBC Palestine Investment Bank | US$1.14 | 6.5% +US$5.6m | 6.3% | PB0.9x | |
| GUI Global United Insurance | US$2.20 | 4.8% +US$1.2m | n/a | PE14.1x | |
| TNB National Bank | US$1.46 | 0.7% +US$1.1m | -20.7% | PB1x | |
| NIC National Insurance Company (Palestine) | US$3.10 | 2.0% +US$1.1m | -18.9% | PS1x | |
| SAFABANK Safa Bank | US$0.59 | 1.7% +US$750.0k | -26.3% | n/a |