Egyptian (OMX) Market Analysis & Valuation
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies204
- 7D4.2%
- 3M33.0%
- 1Y93.7%
- YTD53.5%
The market has climbed 4.2% in the last 7 days, lead by the Real Estate sector with a gain of 21%. As for the past 12 months, the market is up 94%. As for the next few years, earnings are expected to grow by 13% per annum.
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, 31 Oct 2023 | ج.م1.4t | ج.م973.3b | ج.م144.7b | 10.9x | 9.7x | 1.4x |
| Thu, 28 Sep 2023 | ج.م1.2t | ج.م970.7b | ج.م144.8b | 9.8x | 8.3x | 1.2x |
| Sat, 26 Aug 2023 | ج.م1.1t | ج.م961.6b | ج.م142.4b | 9.3x | 7.5x | 1.1x |
| Mon, 24 Jul 2023 | ج.م1.0t | ج.م897.5b | ج.م139.5b | 10.2x | 7.3x | 1.1x |
| Wed, 21 Jun 2023 | ج.م1.0t | ج.م876.4b | ج.م141.5b | 10.5x | 7.2x | 1.2x |
| Fri, 19 May 2023 | ج.م924.8b | ج.م835.5b | ج.م128.4b | 10.2x | 7.2x | 1.1x |
| Sun, 16 Apr 2023 | ج.م941.7b | ج.م810.4b | ج.م125.4b | 10x | 7.5x | 1.2x |
| Tue, 14 Mar 2023 | ج.م837.8b | ج.م791.8b | ج.م125.3b | 9.7x | 6.7x | 1.1x |
| Thu, 09 Feb 2023 | ج.م906.5b | ج.م772.8b | ج.م108.3b | 10.6x | 8.4x | 1.2x |
| Sat, 07 Jan 2023 | ج.م884.9b | ج.م765.9b | ج.م105.5b | 11.1x | 8.4x | 1.2x |
| Mon, 05 Dec 2022 | ج.م780.2b | ج.م673.3b | ج.م105.2b | 10.6x | 7.4x | 1.2x |
| Wed, 02 Nov 2022 | ج.م647.5b | ج.م650.0b | ج.م100.0b | 9.3x | 6.5x | 1x |
| Fri, 30 Sep 2022 | ج.م577.5b | ج.م645.1b | ج.م98.0b | 9.1x | 5.9x | 0.9x |
| Sun, 28 Aug 2022 | ج.م583.2b | ج.م630.9b | ج.م95.2b | 9x | 6.1x | 0.9x |
| Tue, 26 Jul 2022 | ج.م520.4b | ج.م609.2b | ج.م91.7b | 8.6x | 5.7x | 0.9x |
| Thu, 23 Jun 2022 | ج.م530.2b | ج.م601.1b | ج.م86.9b | 8.7x | 6.1x | 0.9x |
| Sat, 21 May 2022 | ج.م574.9b | ج.م570.8b | ج.م83.8b | 9.3x | 6.9x | 1x |
| Mon, 18 Apr 2022 | ج.م569.2b | ج.م569.5b | ج.م83.5b | 9.1x | 6.8x | 1x |
| Wed, 16 Mar 2022 | ج.م581.7b | ج.م569.0b | ج.م83.7b | 9.3x | 6.9x | 1x |
| Fri, 11 Feb 2022 | ج.م629.7b | ج.م498.6b | ج.م74.6b | 10.9x | 8.4x | 1.3x |
| Sun, 09 Jan 2022 | ج.م661.8b | ج.م492.3b | ج.م74.7b | 11.4x | 8.9x | 1.3x |
| Tue, 07 Dec 2021 | ج.م616.7b | ج.م488.3b | ج.م74.1b | 11.2x | 8.3x | 1.3x |
| Thu, 04 Nov 2021 | ج.م641.1b | ج.م466.8b | ج.م69.7b | 11.4x | 9.2x | 1.4x |
| Sat, 02 Oct 2021 | ج.م598.8b | ج.م462.4b | ج.م68.5b | 11.7x | 8.7x | 1.3x |
| Mon, 30 Aug 2021 | ج.م637.3b | ج.م462.9b | ج.م67.2b | 13x | 9.5x | 1.4x |
| Tue, 06 Jul 2021 | ج.م572.1b | ج.م462.8b | ج.م67.2b | 11.7x | 8.5x | 1.2x |
| Fri, 09 Apr 2021 | ج.م556.1b | ج.م437.1b | ج.م60.9b | 10.2x | 9.1x | 1.3x |
| Thu, 31 Dec 2020 | ج.م554.5b | ج.م423.5b | ج.م55.7b | 10.5x | 10x | 1.3x |
Price to Earnings Ratio
9.1x
Current Market PE
- Investors are optimistic on the Egyptian market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 9.7x which is higher than its 3-year average PE of 8.0x.
Past Earnings Growth
- The earnings for Egyptian listed companies have grown 37% per year over the last three years.
- Revenues for these companies have grown 33% 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 | 4.22% | |
| Real Estate | 21.37% | |
| Utilities | 8.59% | |
| Consumer Discretionary | 5.77% | |
| Telecom | 5.63% | |
| Financials | 4.10% | |
| Industrials | 2.21% | |
| Healthcare | 2.05% | |
| Materials | 1.64% | |
| Energy | 0% | |
| Tech | 0% | |
| Consumer Staples | -2.03% | |
Sector PE
- Investors favour the Telecom 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 44.1%, which is higher than its past year's earnings growth of 35.8% per year.
- The Consumer Discretionary sector is the least preferred by investors for future growth, which is trading below its 3-year average of 12.2x.
Forecasted Growth
- Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 44% over the next 5 years.
- This is better than its past earnings growth rate of 36% per year.
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.م25.02 | 47.6% +ج.م16.7b | 203.3% | PE20.6x | Real Estate | |
| COMI Commercial International Bank (Egypt)E | ج.م60.90 | 4.9% +ج.م8.6b | 88.0% | PB2.7x | Financials | |
| EGAL Egypt Aluminum | ج.م71.56 | 32.5% +ج.م7.2b | 182.1% | PE8x | Materials | |
| QNBA QNB AlahliE | ج.م26.02 | 8.4% +ج.م4.4b | 55.2% | PB0.9x | Financials | |
| ETEL Telecom Egypt | ج.م32.70 | 6.1% +ج.م3.2b | 78.3% | PE56.9x | Telecom |
Market Insights
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