Abu Dhabi: Muhannad Dagher
The profitability ratios of companies witnessed a decline for the current year, especially in banks and real estate, as a result of the increase in profits and interest rates for the banking sector, which led to an increase in profits, while expectations indicate an increase in companies’ profits by the end of the third quarter, as well as the movement of their stock prices in a close range, The prices of some companies have stabilized, and therefore a new decline in profitability ratios is likely.
Al Khaleej analyzed the available data for 8 stocks: First Abu Dhabi, Emirates NBD, Emaar Properties, Abu Dhabi Commercial, Aldar Properties, Dubai Islamic, Abu Dhabi Islamic, and Emaar Development.
Experts still view the profitability ratios in the UAE markets as being much lower than the region’s markets, and they are at attractive levels and constitute an attractive factor for investment, while many shares of companies listed in the UAE markets are still trading at less than their fair value.
Of the 8 stocks monitored in this analysis from “Al Khaleej”, “Emirates NBD” stock had the lowest P/E for the last 12 months at 5.75 times, while “Aldar Properties” had the highest at 12.9 times.
In terms of earnings per share, Emirates NBD was the highest among the eight stocks with 3.16 dirhams, while Aldar’s share was the lowest with 0.43 dirhams.
Regarding the book value for the last announced period and the book value multiplier, the “Abu Dhabi Islamic” stock was the highest at 2.16, while the lowest among the stocks was “Emaar Properties” at 0.96 times.
“Emaar Development” stock recorded the highest cash dividend return for the last year at 7.33%, while “Abu Dhabi Commercial” had the lowest at 1.98%.
“First Abu Dhabi” shares recorded a return of 3.83%, “Emirates NBD” 3.31%, “Emaar Properties” 3.23%, “Aldar Properties” 2.75%, “Dubai Islamic” 5.08%, and “Abu Dhabi Islamic” 4.65%. .
Dubai market
Emirates NBD Bank recorded a P/E of 5.75 times, according to the last share price of 18.15 dirhams, while the operating P/E reached 5.09 times, the cash dividend yield for the last 12 months was 3.31%, the return on average assets in the last 12 months was 2.62%, and the book value for the last 12 months was 3.31%. Announced period at 14.13, and earnings per share for the last 12 months recorded 3.16 dirhams. It is noteworthy that the market value of the company in the last trading session amounted to 114.64 billion dirhams.
The last price of Dubai Islamic Bank reached 5.9 dirhams, bringing the earnings multiple to 7.3 times, the operating earnings multiple to 7.3 times, the book value multiplier to 1.28, the cash distribution yield (last year) to 5.08%, and the return on average assets (last 12 months) to 2.01%, while the return The average shareholders’ equity (last 12 months) was 18.16%, and the bank’s market value, in the last session, reached 42.72 billion dirhams.
With regard to Emaar Properties Company, the earnings multiple reached 9.15 times, while the operating earnings multiple reached 12.27 times, according to the last price the share reached at 7.74 dirhams, and the earnings per share (last 12 months) reached 0.85 dirhams, and the book value for the last announced period was 8.03 dirhams. The cash distribution return for the last year was 3.23%, and the return on average assets (last 12 months) was 5.83%, at a time when the market value in the last trading session recorded 68.4 billion dirhams.
The earnings multiple for Emaar Development Company was 7.48 times, and the operating earnings multiple was 8.22 times, while the cash dividend yield (last year) was 7.33%, the return on average assets (last 12 months) was 8.95%, and the book value for the last announced period was 4.6 dirhams, noting that The last price the stock reached was 7.1 dirhams, and the market value was 28.4 billion dirhams.
Abu Dhabi Market
In the Abu Dhabi market, the profitability multiple for First Abu Dhabi Bank reached 11.08 times, and the operating profit multiple was 11.08, at a time when the stock recorded 13.56 dirhams in the last trading session, the market value was 149.8 billion dirhams, the book value for the last announced period was 9.56 dirhams, and the earnings per share in the last 12 months was 1.22. AED, the book value multiplier is 1.42, the cash distribution yield (last year) is 3.83%, the return on average assets (last 12 months) is 1.24%, and the return on average shareholders’ equity (last 12 months) is 13.12%.
The price of Abu Dhabi Commercial Bank’s shares in the last session was 8.66 dirhams, the market value was 63.4 billion dirhams, the profit per share (last 12 months) was 0.98 dirhams, the book value for the last announced period was 7.88 dirhams, the profit multiple was 8.82 times, the cash distribution yield in the last year was 1.98%, and the return The return on average assets for the last 12 months is 1.44%, and the return on average shareholders’ equity for the last 12 months is 13.12%.
Abu Dhabi Islamic Bank recorded according to the last closing at 10.54 dirhams, the market value was 38.28 billion dirhams, the earnings per share for the last 12 months was 1.2 dirhams, the book value for the last announced period was 4.89 dirhams, the earnings multiple was 8.75 times, the book value multiplier was 2.16, and the cash distribution yield for the last year was 4.65%. The return on average assets for the last 12 months is 2.7%, and the return on average shareholders’ equity for the last 12 months is 26.2%.
As for Aldar Properties, the last share price was 5.81 dirhams, the market value was 45.68 billion dirhams, the operating profit multiple was 14.21 times, the profit per share for the last 12 months was 0.43 dirhams, the book value multiplier was 1.59, the book value for the last announced period was 3.66 dirhams, and the cash distribution yield was another. One year is 2.75%, the return on average assets for the last 12 months is 5.73%, and the return on average shareholders’ equity for the last 12 months is 12.13%.
2023-09-24 19:03:23
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