Palestinian (Al-Quds) Market Analysis & Valuation
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies48
- 7D1.3%
- 3M-6.6%
- 1Y-3.4%
- YTD-4.8%
Over the last 7 days, the market has risen 1.3%, driven by gains of 3.4% in the Communication Services sector. Longer term the market is actually down 3.4% over the past year. Looking forward, earnings are forecast to grow by 2.0% annually.
Market Valuation and Performance
Has the Palestinian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | ₪4.2b | ₪3.2b | ₪353.8m | 10.8x | 11.8x | 1.3x |
| Thu, 28 Sep 2023 | ₪4.4b | ₪3.2b | ₪354.1m | 11.7x | 12.3x | 1.3x |
| Sat, 26 Aug 2023 | ₪4.4b | ₪3.3b | ₪352.5m | 12x | 12.5x | 1.4x |
| Mon, 24 Jul 2023 | ₪4.4b | ₪3.2b | ₪347.1m | 11.7x | 12.8x | 1.4x |
| Wed, 21 Jun 2023 | ₪4.4b | ₪3.2b | ₪347.6m | 11.8x | 12.8x | 1.4x |
| Fri, 19 May 2023 | ₪4.5b | ₪3.2b | ₪341.7m | 12.2x | 13.2x | 1.4x |
| Sun, 16 Apr 2023 | ₪4.5b | ₪2.0b | ₪316.8m | 12.1x | 14.2x | 2.2x |
| Tue, 14 Mar 2023 | ₪4.5b | ₪3.1b | ₪340.8m | 13x | 13.2x | 1.4x |
| Thu, 09 Feb 2023 | ₪4.5b | ₪3.2b | ₪342.4m | 11.8x | 13x | 1.4x |
| Sat, 07 Jan 2023 | ₪4.3b | ₪3.2b | ₪342.4m | 11.8x | 12.7x | 1.4x |
| Mon, 05 Dec 2022 | ₪4.2b | ₪3.2b | ₪342.8m | 11.2x | 12.2x | 1.3x |
| Wed, 02 Nov 2022 | ₪4.1b | ₪3.1b | ₪336.9m | 11.8x | 12.2x | 1.3x |
| Fri, 30 Sep 2022 | ₪4.1b | ₪3.1b | ₪334.4m | 12.3x | 12.4x | 1.3x |
| Sun, 28 Aug 2022 | ₪4.1b | ₪3.1b | ₪324.4m | 13.6x | 12.8x | 1.4x |
| Tue, 26 Jul 2022 | ₪4.3b | ₪3.0b | ₪327.0m | 13.9x | 13x | 1.4x |
| Thu, 23 Jun 2022 | ₪4.2b | ₪3.1b | ₪330.8m | 13.2x | 12.7x | 1.4x |
| Sat, 21 May 2022 | ₪4.0b | ₪2.9b | ₪318.4m | 12.9x | 12.7x | 1.4x |
| Mon, 18 Apr 2022 | ₪3.9b | ₪3.0b | ₪315.1m | 12.8x | 12.5x | 1.3x |
| Wed, 16 Mar 2022 | ₪4.0b | ₪3.0b | ₪315.9m | 12.7x | 12.7x | 1.3x |
| Fri, 11 Feb 2022 | ₪4.0b | ₪2.9b | ₪284.1m | 12.5x | 13.9x | 1.4x |
| Sun, 09 Jan 2022 | ₪4.0b | ₪2.9b | ₪284.2m | 12.3x | 14x | 1.4x |
| Tue, 07 Dec 2021 | ₪3.9b | ₪2.9b | ₪279.8m | 12.9x | 14x | 1.4x |
| Thu, 04 Nov 2021 | ₪3.9b | ₪2.8b | ₪265.1m | 13.4x | 14.7x | 1.4x |
| Sat, 02 Oct 2021 | ₪3.7b | ₪2.8b | ₪250.4m | 13x | 14.9x | 1.3x |
| Mon, 30 Aug 2021 | ₪3.8b | ₪2.8b | ₪249.2m | 14.5x | 15.1x | 1.3x |
| Tue, 06 Jul 2021 | ₪3.6b | ₪2.8b | ₪249.2m | 13.6x | 14.3x | 1.3x |
| Fri, 09 Apr 2021 | ₪3.1b | ₪2.7b | ₪199.7m | 14.3x | 15.7x | 1.2x |
| Thu, 31 Dec 2020 | ₪3.1b | ₪2.6b | ₪168.6m | 15x | 18.5x | 1.2x |
Price to Earnings Ratio
18.6x
Current Market PE
- Investors are pessimistic on the Palestinian Territory, Occupied market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 11.8x which is lower than its 3-year average PE of 14.2x.
Past Earnings Growth
- The earnings for Palestinian Territory, Occupied listed companies have grown 31% per year over the last three years.
- Revenues for these companies have grown 8.9% 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 Palestinian Market?
| PS Market | 1.33% | |
| Industrials | 3.38% | |
| Telecom | 3.35% | |
| Real Estate | 1.21% | |
| Consumer Staples | 0.73% | |
| Financials | 0.24% | |
| Healthcare | 0.13% | |
| Energy | 0% | |
| Materials | 0% | |
| Consumer Discretionary | 0% | |
| Tech | 0% | |
| Utilities | 0% | |
Sector PE
- Investors favour the Materials sector the most for future growth which is trading above its 3-year average PE ratio.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Consumer Staples sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 8.8x.
Forecasted Growth
- Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 2.0% over the next 5 years.
- However this is lower than its past earnings growth rate of 12% 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 | |
|---|---|---|---|---|---|---|
| PADICO Palestine Development & Investment | US$1.30 | 5.7% +US$13.6m | -3.7% | PE9.9x | Financials | |
| APIC Arab Palestinian Investment | US$2.95 | 3.5% +US$11.7m | -17.2% | PE16.9x | Industrials | |
| OOREDOO Wataniya Palestine Mobile Telecommunication - Public Shareholding | US$0.83 | 3.8% +US$8.8m | -1.2% | PE13x | Telecom | |
| GMC Golden Wheat Mills P.L.C | د.أ0.82 | 5.1% +د.أ600.0k | -7.9% | PE8.5x | Consumer Staples | |
| PIBC Palestine Investment Bank | US$1.03 | 1.0% +US$780.0k | -4.6% | PB0.8x | Financials |
Market Insights
This week we’re checking in on China’s economy after some better than expected data and another round of stimulus...
