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Oct 19
Qatari (QE) Market Analysis & Valuation
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies53
- 7D-3.9%
- 3M-14.6%
- 1Y-22.8%
- YTD-13.3%
Over the last 7 days, the market has dropped 3.9%, driven by a loss of 3.5% in the Financials sector. In the last 12 months the market is down 23%. Earnings are forecast to grow by 8.3% annually.
Market Valuation and Performance
Has the Qatari Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | ر.ق561.1b | ر.ق186.5b | ر.ق45.4b | 13.4x | 12.4x | 3x |
| Thu, 28 Sep 2023 | ر.ق604.7b | ر.ق183.6b | ر.ق45.2b | 14.2x | 13.4x | 3.3x |
| Sat, 26 Aug 2023 | ر.ق611.2b | ر.ق184.2b | ر.ق45.3b | 13.8x | 13.5x | 3.3x |
| Mon, 24 Jul 2023 | ر.ق620.9b | ر.ق186.5b | ر.ق47.0b | 14.8x | 13.2x | 3.3x |
| Wed, 21 Jun 2023 | ر.ق609.2b | ر.ق186.0b | ر.ق46.6b | 14.2x | 13.1x | 3.3x |
| Fri, 19 May 2023 | ر.ق628.8b | ر.ق185.3b | ر.ق47.0b | 14x | 13.4x | 3.4x |
| Sun, 16 Apr 2023 | ر.ق587.3b | ر.ق177.0b | ر.ق46.9b | 13.6x | 12.5x | 3.3x |
| Tue, 14 Mar 2023 | ر.ق599.8b | ر.ق184.7b | ر.ق47.2b | 13.8x | 12.7x | 3.2x |
| Thu, 09 Feb 2023 | ر.ق599.3b | ر.ق187.9b | ر.ق49.0b | 14.2x | 12.2x | 3.2x |
| Sat, 07 Jan 2023 | ر.ق632.2b | ر.ق183.0b | ر.ق48.0b | 14.4x | 13.2x | 3.5x |
| Mon, 05 Dec 2022 | ر.ق676.5b | ر.ق183.0b | ر.ق48.2b | 15.5x | 14x | 3.7x |
| Wed, 02 Nov 2022 | ر.ق694.8b | ر.ق183.0b | ر.ق48.2b | 15.8x | 14.4x | 3.8x |
| Fri, 30 Sep 2022 | ر.ق706.0b | ر.ق177.7b | ر.ق48.0b | 16.3x | 14.7x | 4x |
| Sun, 28 Aug 2022 | ر.ق765.4b | ر.ق177.7b | ر.ق48.0b | 17.7x | 16x | 4.3x |
| Tue, 26 Jul 2022 | ر.ق708.8b | ر.ق173.4b | ر.ق44.6b | 17.1x | 15.9x | 4.1x |
| Thu, 23 Jun 2022 | ر.ق670.4b | ر.ق172.1b | ر.ق44.7b | 16.9x | 15x | 3.9x |
| Sat, 21 May 2022 | ر.ق716.5b | ر.ق172.2b | ر.ق44.7b | 17.6x | 16x | 4.2x |
| Mon, 18 Apr 2022 | ر.ق785.1b | ر.ق167.3b | ر.ق42.2b | 18.7x | 18.6x | 4.7x |
| Wed, 16 Mar 2022 | ر.ق759.1b | ر.ق167.7b | ر.ق43.0b | 18x | 17.7x | 4.5x |
| Fri, 11 Feb 2022 | ر.ق740.0b | ر.ق162.3b | ر.ق40.8b | 18.4x | 18.1x | 4.6x |
| Sun, 09 Jan 2022 | ر.ق688.3b | ر.ق158.6b | ر.ق38.1b | 18.1x | 18x | 4.3x |
| Tue, 07 Dec 2021 | ر.ق676.0b | ر.ق156.0b | ر.ق37.9b | 19.1x | 17.8x | 4.3x |
| Thu, 04 Nov 2021 | ر.ق686.4b | ر.ق155.5b | ر.ق37.5b | 19.1x | 18.3x | 4.4x |
| Sat, 02 Oct 2021 | ر.ق662.0b | ر.ق151.7b | ر.ق34.8b | 19.4x | 19x | 4.4x |
| Mon, 30 Aug 2021 | ر.ق641.0b | ر.ق151.7b | ر.ق34.8b | 19.1x | 18.4x | 4.2x |
| Tue, 06 Jul 2021 | ر.ق622.6b | ر.ق151.7b | ر.ق34.8b | 18.7x | 17.9x | 4.1x |
| Fri, 09 Apr 2021 | ر.ق605.6b | ر.ق144.7b | ر.ق32.1b | 22.7x | 18.9x | 4.2x |
| Thu, 31 Dec 2020 | ر.ق600.7b | ر.ق143.1b | ر.ق29.8b | 21.3x | 20.2x | 4.2x |
Price to Earnings Ratio
17.2x
Current Market PE
- Investors are pessimistic on the Qatari market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 12.1x which is lower than its 3-year average PE of 16.3x.
Past Earnings Growth
- The earnings for Qatari listed companies have grown 12% per year over the last three years.
- Revenues for these companies have grown 8.1% 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 Qatari Market?
| QA Market | -3.91% | |
| Tech | 0.04% | |
| Energy | -2.98% | |
| Utilities | -3.21% | |
| Consumer Staples | -3.30% | |
| Financials | -3.54% | |
| Materials | -3.84% | |
| Industrials | -4.38% | |
| Real Estate | -5.12% | |
| Healthcare | -5.69% | |
| Telecom | -5.77% | |
| Consumer Discretionary | -8.78% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 28.6x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Utilities 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 Consumer Staples sector, expecting annual earnings growth of 16% over the next 5 years.
- This is better than its past earnings growth rate of 1.3% per year.
- In contrast, the Materials sector is expected to see its earnings decline by 5.6% 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 | |
|---|---|---|---|---|---|---|
| MARK Masraf Al Rayan (Q.P.S.C.) | ر.ق2.11 | 6.1% +ر.ق1.1b | -45.1% | PB0.8x | Financials | |
| IGRD Estithmar Holding Q.P.S.C | ر.ق2.02 | 6.2% +ر.ق401.7m | 11.1% | PE20x | Industrials | |
| QGTS Qatar Gas Transport Company Limited (Nakilat) (QPSC) | ر.ق3.50 | 2.0% +ر.ق387.8m | -14.6% | PE13x | Energy | |
| ERES Ezdan Holding Group Q.P.S.C | ر.ق0.86 | 1.5% +ر.ق344.8m | -28.7% | PS11.3x | Real Estate | |
| DHBK Doha Bank Q.P.S.C | ر.ق1.55 | 7.3% +ر.ق325.5m | -29.9% | PB0.3x | Financials |
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