Balady Poultry (TADAWUL:9559) Ticks All The Boxes When It Comes To Earnings Growth
May 10
Saudi Arabian (Tadawul) Food Industry Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies22
- 7D-3.2%
- 3M-8.0%
- 1Y4.9%
- YTD5.4%
Over the last 7 days, the Food industry has dropped 3.2%, driven by Savola Group declining 5.2%. Meanwhile, Al-Jouf Agricultural Development actually outperformed within the industry, gaining 17% in the last week. In the past year, the industry has gained 4.9%. Looking forward, earnings are forecast to grow by 13% annually.
Industry Valuation and Performance
Has the Saudi Arabian Food Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 20 May 2024 | ر.س124.8b | ر.س61.8b | ر.س4.3b | 25.8x | 29.2x | 2x |
| Wed, 17 Apr 2024 | ر.س132.5b | ر.س61.1b | ر.س4.2b | 27.9x | 31.6x | 2.2x |
| Fri, 15 Mar 2024 | ر.س131.6b | ر.س60.2b | ر.س4.1b | 30.8x | 32x | 2.2x |
| Sun, 11 Feb 2024 | ر.س119.8b | ر.س60.0b | ر.س4.0b | 28.9x | 30.1x | 2x |
| Tue, 09 Jan 2024 | ر.س116.5b | ر.س59.9b | ر.س3.8b | 27.7x | 30.4x | 1.9x |
| Thu, 07 Dec 2023 | ر.س110.3b | ر.س59.9b | ر.س3.8b | 24.4x | 28.7x | 1.8x |
| Sat, 04 Nov 2023 | ر.س104.1b | ر.س60.5b | ر.س3.8b | 24.3x | 27.8x | 1.7x |
| Mon, 02 Oct 2023 | ر.س115.6b | ر.س60.3b | ر.س3.6b | 29.2x | 31.7x | 1.9x |
| Wed, 30 Aug 2023 | ر.س120.3b | ر.س60.3b | ر.س3.7b | 30.5x | 32.8x | 2x |
| Fri, 28 Jul 2023 | ر.س128.0b | ر.س61.0b | ر.س3.7b | 35.6x | 34.2x | 2.1x |
| Sun, 25 Jun 2023 | ر.س115.9b | ر.س60.5b | ر.س3.7b | 31.9x | 31.8x | 1.9x |
| Tue, 23 May 2023 | ر.س104.1b | ر.س59.4b | ر.س3.4b | 32.8x | 30.8x | 1.8x |
| Thu, 20 Apr 2023 | ر.س99.7b | ر.س58.4b | ر.س3.0b | 35x | 32.8x | 1.7x |
| Sat, 18 Mar 2023 | ر.س89.7b | ر.س58.0b | ر.س2.3b | 33.3x | 39.8x | 1.5x |
| Mon, 13 Feb 2023 | ر.س91.0b | ر.س58.2b | ر.س2.2b | 43.5x | 40.8x | 1.6x |
| Wed, 11 Jan 2023 | ر.س91.2b | ر.س57.4b | ر.س2.1b | 43.8x | 42.6x | 1.6x |
| Fri, 09 Dec 2022 | ر.س86.9b | ر.س57.0b | ر.س2.1b | 50.7x | 41.6x | 1.5x |
| Sun, 06 Nov 2022 | ر.س92.7b | ر.س56.8b | ر.س2.1b | 84.3x | 45x | 1.6x |
| Tue, 04 Oct 2022 | ر.س91.4b | ر.س54.7b | ر.س1.9b | 60.2x | 47x | 1.7x |
| Thu, 01 Sep 2022 | ر.س92.5b | ر.س54.7b | ر.س1.9b | 49.9x | 48x | 1.7x |
| Sat, 30 Jul 2022 | ر.س90.6b | ر.س53.2b | ر.س1.9b | 49.6x | 48.8x | 1.7x |
| Mon, 27 Jun 2022 | ر.س91.1b | ر.س52.6b | ر.س1.8b | 46x | 50.1x | 1.7x |
| Wed, 25 May 2022 | ر.س91.5b | ر.س52.5b | ر.س1.8b | 59.1x | 50.7x | 1.7x |
| Fri, 22 Apr 2022 | ر.س93.8b | ر.س50.7b | ر.س1.7b | 87x | 55.5x | 1.9x |
| Sun, 20 Mar 2022 | ر.س92.0b | ر.س49.7b | ر.س1.8b | 74.2x | 49.9x | 1.9x |
| Tue, 15 Feb 2022 | ر.س91.0b | ر.س49.5b | ر.س1.9b | 56.1x | 48.5x | 1.8x |
| Thu, 13 Jan 2022 | ر.س91.0b | ر.س47.5b | ر.س2.2b | 34.3x | 40.8x | 1.9x |
| Sat, 11 Dec 2021 | ر.س91.4b | ر.س47.5b | ر.س2.2b | 34.1x | 41x | 1.9x |
| Mon, 08 Nov 2021 | ر.س97.9b | ر.س47.3b | ر.س2.3b | n/a | 43.3x | 2.1x |
| Wed, 06 Oct 2021 | ر.س104.5b | ر.س45.8b | ر.س2.6b | 31.1x | 40x | 2.3x |
| Fri, 03 Sep 2021 | ر.س107.9b | ر.س45.8b | ر.س2.6b | 32.8x | 41.3x | 2.4x |
| Sun, 01 Aug 2021 | ر.س109.4b | ر.س44.4b | ر.س2.5b | 35.9x | 43x | 2.5x |
Price to Earnings Ratio
33.6x
Current Industry PE
- Investors are pessimistic on the Saudi Food industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 29.2x which is lower than its 3-year average PE of 39.7x.
- The industry is trading close to its 3-year average PS ratio of 1.9x.
Past Earnings Growth
- The earnings for companies in the Food industry have grown 11% per year over the last three years.
- Revenues for these companies have grown 11% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Saudi Arabian Consumer Staples industry?
| SA Market | -0.48% | |
| Consumer Staples | -3.53% | |
| Food | -3.18% | |
| Agricultural Products | -0.064% | |
| Packaged Foods and Meats | -3.58% | |
Industry PE
- Investors are most optimistic about the Packaged Foods and Meats industry even though it's trading below its 3-year average PE ratio of 34.9x.
- Analysts are expecting annual earnings growth of 14.1%, which is higher than its past year's earnings growth of 11.3% per year.
- Investors are most pessimistic about the Agricultural Products industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 14% over the next 5 years.
- This is better than its past earnings growth rate of 11% per year.
- In contrast, the Agricultural Products industry is expected to see its earnings grow by 7.6% 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 | |
|---|---|---|---|---|---|
| 6070 Al-Jouf Agricultural Development | ر.س67.00 | 16.5% +ر.س285.0m | 21.8% | PE32.4x | |
| 9555 Leen Alkhair Trading | ر.س29.15 | 8.8% +ر.س22.5m | -4.4% | PE13.8x | |
| 9559 Balady Poultry | ر.س300.00 | 0.7% +ر.س13.1m | 100.0% | PE23.7x | |
| 2100 Wafrah for Industry and Development | ر.س48.25 | 0.8% +ر.س9.3m | 32.4% | PE53.3x | |
| 4080 Sinad Holding | ر.س12.48 | 0.3% +ر.س5.1m | -5.6% | PS1x |
