Egyptian (OMX) Market Analysis & Valuation
UpdatedJul 09, 2024
DataAggregated Company Financials
Companies202
- 7D1.5%
- 3M-1.4%
- 1Y58.2%
- YTD6.6%
Over the last 7 days, the market has risen 1.5%, driven by gains of 2.0% in the Financials sector. As for the past 12 months, the market is up 58%. Earnings are forecast to grow by 15% 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 |
|---|---|---|---|---|---|---|
| Tue, 09 Jul 2024 | ج.م1.7t | ج.م1.2t | ج.م213.2b | 8.9x | 7.8x | 1.4x |
| Thu, 06 Jun 2024 | ج.م1.6t | ج.م1.2t | ج.م211.9b | 8.6x | 7.4x | 1.3x |
| Sat, 04 May 2024 | ج.م1.6t | ج.م1.2t | ج.م186.0b | 8.6x | 8.4x | 1.3x |
| Mon, 01 Apr 2024 | ج.م1.6t | ج.م1.2t | ج.م176.6b | 9.7x | 9.2x | 1.4x |
| Wed, 28 Feb 2024 | ج.م1.8t | ج.م1.1t | ج.م168.7b | 13.3x | 10.8x | 1.7x |
| Fri, 26 Jan 2024 | ج.م1.8t | ج.م1.1t | ج.م163.1b | 12.8x | 10.9x | 1.6x |
| Sun, 24 Dec 2023 | ج.م1.5t | ج.م1.1t | ج.م157.5b | 11.3x | 9.4x | 1.4x |
| Tue, 21 Nov 2023 | ج.م1.5t | ج.م1.0t | ج.م158.6b | 11.4x | 9.4x | 1.5x |
| Thu, 19 Oct 2023 | ج.م1.3t | ج.م973.1b | ج.م144.8b | 9.4x | 9.2x | 1.4x |
| Sat, 16 Sep 2023 | ج.م1.1t | ج.م966.7b | ج.م145.0b | 9.7x | 7.9x | 1.2x |
| Mon, 14 Aug 2023 | ج.م1.0t | ج.م926.2b | ج.م147.1b | 9.7x | 7.1x | 1.1x |
| Wed, 12 Jul 2023 | ج.م1.0t | ج.م873.7b | ج.م141.6b | 10.2x | 7.1x | 1.1x |
| Fri, 09 Jun 2023 | ج.م971.6b | ج.م1.5t | ج.م173.8b | 10.3x | 5.6x | 0.7x |
| Sun, 07 May 2023 | ج.م946.5b | ج.م815.8b | ج.م127.0b | 10.5x | 7.5x | 1.2x |
| Tue, 04 Apr 2023 | ج.م893.2b | ج.م802.6b | ج.م125.3b | 9.5x | 7.1x | 1.1x |
| Thu, 02 Mar 2023 | ج.م924.7b | ج.م774.7b | ج.م119.7b | 11.2x | 7.7x | 1.2x |
| Sat, 28 Jan 2023 | ج.م918.7b | ج.م768.5b | ج.م107.3b | 11.4x | 8.6x | 1.2x |
| Mon, 26 Dec 2022 | ج.م807.7b | ج.م765.8b | ج.م105.0b | 10.8x | 7.7x | 1.1x |
| Wed, 23 Nov 2022 | ج.م702.0b | ج.م667.0b | ج.م103.9b | 10.1x | 6.8x | 1.1x |
| Fri, 21 Oct 2022 | ج.م606.1b | ج.م650.0b | ج.م100.0b | 9.3x | 6.1x | 0.9x |
| Sun, 18 Sep 2022 | ج.م584.2b | ج.م643.4b | ج.م97.3b | 9.5x | 6x | 0.9x |
| Tue, 16 Aug 2022 | ج.م564.0b | ج.م613.2b | ج.م92.2b | 9.4x | 6.1x | 0.9x |
| Thu, 14 Jul 2022 | ج.م490.7b | ج.م609.2b | ج.م92.7b | 8.2x | 5.3x | 0.8x |
| Sat, 11 Jun 2022 | ج.م558.9b | ج.م589.9b | ج.م84.9b | 9.2x | 6.6x | 0.9x |
| Mon, 09 May 2022 | ج.م599.7b | ج.م570.2b | ج.م83.6b | 10x | 7.2x | 1.1x |
| Wed, 06 Apr 2022 | ج.م610.9b | ج.م566.2b | ج.م81.8b | 10.3x | 7.5x | 1.1x |
| Fri, 04 Mar 2022 | ج.م607.5b | ج.م508.5b | ج.م77.9b | 9.7x | 7.8x | 1.2x |
| Sun, 30 Jan 2022 | ج.م626.6b | ج.م493.6b | ج.م74.6b | 10.9x | 8.4x | 1.3x |
| Tue, 28 Dec 2021 | ج.م642.0b | ج.م491.9b | ج.م74.1b | 11x | 8.7x | 1.3x |
| Thu, 25 Nov 2021 | ج.م605.9b | ج.م482.7b | ج.م72.3b | 11x | 8.4x | 1.3x |
| Sat, 23 Oct 2021 | ج.م631.8b | ج.م466.8b | ج.م69.7b | 11.6x | 9.1x | 1.4x |
| Mon, 20 Sep 2021 | ج.م612.4b | ج.م459.6b | ج.م67.3b | 12x | 9.1x | 1.3x |
| Wed, 18 Aug 2021 | ج.م624.7b | ج.م462.9b | ج.م67.2b | 13x | 9.3x | 1.3x |
Price to Earnings Ratio
9.1x
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 7.9x.
Past Earnings Growth
- The earnings for Egyptian listed companies have grown 47% per year over the last three years.
- Revenues for these companies have grown 36% 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 | 1.54% | |
| Utilities | 24.76% | |
| Real Estate | 3.79% | |
| Industrials | 2.47% | |
| Financials | 2.03% | |
| Consumer Staples | 1.13% | |
| Energy | 0% | |
| Tech | 0% | |
| Consumer Discretionary | -0.42% | |
| Materials | -0.56% | |
| Telecom | -1.81% | |
| Healthcare | -3.42% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 19.0x.
- 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 2.8x.
Forecasted Growth
- Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 27% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Materials sector is expected to see its earnings grow by 11% 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 | |
|---|---|---|---|---|---|---|
| TMGH Talaat Moustafa Group Holding | ج.م60.61 | 6.1% +ج.م7.2b | 613.1% | PE26.5x | Real Estate | |
| IRON Egyptian Iron and Steel | ج.م30.29 | 27.5% +ج.م6.4b | 443.8% | PE15.8x | Materials | |
| COMI Commercial International Bank (Egypt)E | ج.م79.90 | 2.4% +ج.م5.7b | 65.1% | PB2.4x | Financials | |
| TAQA TAQA ArabiaE | ج.م13.68 | 31.2% +ج.م4.4b | -31.6% | PE32.4x | Utilities | |
| ALCN Alexandria Container&Cargo Handling | ج.م46.66 | 6.4% +ج.م4.2b | 115.0% | PE13.2x | Industrials |
