Bahraini (BAX) Market Analysis & Valuation
UpdatedJul 09, 2024
DataAggregated Company Financials
Companies28
- 7D-0.9%
- 3M-2.0%
- 1Y4.4%
- YTD2.2%
Over the last 7 days, the market has dropped 1.3%, driven by a pullback of 1.3% in the Financials sector. Although the market performance has been flat over the past year. Earnings are forecast to grow by 38% annually.
Market Valuation and Performance
Has the Bahraini Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 09 Jul 2024 | ب.د7.3b | ب.د4.7b | ب.د643.8m | 11.7x | 11.3x | 1.5x |
| Thu, 06 Jun 2024 | ب.د8.1b | ب.د4.7b | ب.د649.0m | 11.7x | 12.5x | 1.7x |
| Sat, 04 May 2024 | ب.د8.1b | ب.د4.7b | ب.د642.8m | 11.4x | 12.5x | 1.7x |
| Mon, 01 Apr 2024 | ب.د8.1b | ب.د4.7b | ب.د644.8m | 11.4x | 12.5x | 1.7x |
| Wed, 28 Feb 2024 | ب.د7.6b | ب.د4.6b | ب.د664.2m | 11.7x | 11.5x | 1.7x |
| Fri, 26 Jan 2024 | ب.د7.9b | ب.د5.4b | ب.د682.0m | 11.4x | 11.5x | 1.4x |
| Sun, 24 Dec 2023 | ب.د7.5b | ب.د5.4b | ب.د681.6m | 11.4x | 11.1x | 1.4x |
| Tue, 21 Nov 2023 | ب.د7.6b | ب.د5.4b | ب.د682.2m | 11.5x | 11.1x | 1.4x |
| Thu, 19 Oct 2023 | ب.د7.6b | ب.د5.4b | ب.د718.3m | 11.4x | 10.5x | 1.4x |
| Sat, 16 Sep 2023 | ب.د7.4b | ب.د5.4b | ب.د718.3m | 11.7x | 10.3x | 1.4x |
| Mon, 14 Aug 2023 | ب.د7.4b | ب.د5.2b | ب.د887.0m | 11.7x | 8.3x | 1.4x |
| Wed, 12 Jul 2023 | ب.د7.3b | ب.د5.2b | ب.د884.4m | 12x | 8.3x | 1.4x |
| Fri, 09 Jun 2023 | ب.د7.3b | ب.د5.2b | ب.د890.0m | 11.8x | 8.3x | 1.4x |
| Sun, 07 May 2023 | ب.د7.1b | ب.د5.6b | ب.د910.9m | 11.3x | 7.8x | 1.3x |
| Tue, 04 Apr 2023 | ب.د7.0b | ب.د5.6b | ب.د1.0b | 10.9x | 6.9x | 1.2x |
| Thu, 02 Mar 2023 | ب.د7.4b | ب.د5.6b | ب.د999.7m | 11x | 7.4x | 1.3x |
| Sat, 28 Jan 2023 | ب.د7.4b | ب.د5.7b | ب.د1.2b | 10.9x | 6x | 1.3x |
| Mon, 26 Dec 2022 | ب.د7.0b | ب.د5.7b | ب.د1.2b | 11x | 5.7x | 1.2x |
| Wed, 23 Nov 2022 | ب.د7.0b | ب.د5.7b | ب.د1.2b | 10.8x | 5.7x | 1.2x |
| Fri, 21 Oct 2022 | ب.د17.9b | ب.د6.6b | ب.د1.8b | 11.4x | 9.7x | 2.7x |
| Sun, 18 Sep 2022 | ب.د18.3b | ب.د6.6b | ب.د1.8b | 11.6x | 9.9x | 2.8x |
| Tue, 16 Aug 2022 | ب.د18.0b | ب.د6.3b | ب.د1.7b | 11.6x | 10.5x | 2.9x |
| Thu, 14 Jul 2022 | ب.د17.5b | ب.د6.2b | ب.د1.7b | 13.1x | 10.6x | 2.8x |
| Sat, 11 Jun 2022 | ب.د17.3b | ب.د6.2b | ب.د1.7b | 13.1x | 10.5x | 2.8x |
| Mon, 09 May 2022 | ب.د19.1b | ب.د5.8b | ب.د1.5b | 13.3x | 12.7x | 3.3x |
| Wed, 06 Apr 2022 | ب.د19.5b | ب.د5.8b | ب.د1.5b | 14.5x | 12.9x | 3.3x |
| Fri, 04 Mar 2022 | ب.د18.2b | ب.د5.9b | ب.د1.5b | 14.1x | 12.1x | 3.1x |
| Sun, 30 Jan 2022 | ب.د16.6b | ب.د5.4b | ب.د1.1b | 14.8x | 15.6x | 3.1x |
| Tue, 28 Dec 2021 | ب.د16.5b | ب.د5.4b | ب.د1.1b | 14.6x | 15.6x | 3.1x |
| Thu, 25 Nov 2021 | ب.د16.8b | ب.د5.4b | ب.د1.1b | 14.2x | 16x | 3.1x |
| Sat, 23 Oct 2021 | ب.د16.3b | ب.د5.2b | ب.د845.0m | 14.9x | 19.3x | 3.2x |
| Mon, 20 Sep 2021 | ب.د15.7b | ب.د5.2b | ب.د850.7m | 14.8x | 18.5x | 3x |
| Wed, 18 Aug 2021 | ب.د15.8b | ب.د5.3b | ب.د835.2m | 13.6x | 18.9x | 3x |
Price to Earnings Ratio
18.5x
Current Market PE
- Investors are relatively neutral on the Bahraini 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 11.3x.
Past Earnings Growth
- The earnings for companies in the Bahraini industry have declined 8.3% per year over the last three years.
- Revenues have also declined 3.6% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Sector Trends
Which sectors have driven the changes within the Bahraini Market?
| BH Market | -0.88% | |
| Industrials | 0.14% | |
| Energy | 0% | |
| Consumer Staples | 0% | |
| Healthcare | 0% | |
| Tech | 0% | |
| Utilities | 0% | |
| Telecom | -0.079% | |
| Consumer Discretionary | -0.089% | |
| Financials | -0.99% | |
| Materials | -1.29% | |
| Real Estate | -1.48% | |
Sector PE
- Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 6.7x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 37.7% which is higher than its past year's earnings decline of 70.0% per year.
- The Real Estate sector is the least preferred by investors for future growth, which is trading below its 3-year average of 13.6x.
Forecasted Growth
- Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 38% over the next 5 years.
- This is better than its past earnings decline of 70% per year.
- In contrast, the Materials sector is expected to see its earnings grow by 38% 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 | |
|---|---|---|---|---|---|---|
| BBK Bank of Bahrain and Kuwait B.S.C | ب.د0.51 | 0.2% +ب.د1.8m | 5.0% | PB1.5x | Financials | |
| ESTERAD Esterad Investment Company BSC | ب.د0.26 | 3.2% +ب.د1.2m | n/a | PE6.7x | Financials | |
| SOLID Solidarity Bahrain B.S.C | ب.د0.32 | 0.6% +ب.د266.6k | 10.7% | PE9x | Financials | |
| CPARK Bahrain Car Parks Company (Amakin) B.S.C | ب.د0.10 | 1.9% +ب.د218.6k | 14.1% | PE10.4x | Industrials |
