We Think Sumou Real Estate's (TADAWUL:4323) Solid Earnings Are Understated
Apr 08
Saudi Arabian (Tadawul) Real Estate Development Industry Analysis
UpdatedMay 15, 2024
DataAggregated Company Financials
Companies6
- 7D-3.5%
- 3M-2.9%
- 1Y-12.4%
- YTDn/a
Over the last 7 days, the Real Estate Development industry has dropped 1.2%, driven by Dar Al Arkan Real Estate Development declining 2.9%. The industry has fallen 9.4% in the last year. Looking forward, earnings are forecast to grow by 22% annually.
Industry Valuation and Performance
Has the Saudi Arabian Real Estate Development Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 15 May 2024 | ر.س34.0b | ر.س5.7b | ر.س658.5m | 20.6x | 51.7x | 5.9x |
| Fri, 12 Apr 2024 | ر.س37.9b | ر.س5.6b | ر.س332.2m | 23.1x | 114.1x | 6.8x |
| Sun, 10 Mar 2024 | ر.س35.9b | ر.س5.9b | ر.س196.3m | 21.6x | 183x | 6.1x |
| Tue, 06 Feb 2024 | ر.س34.2b | ر.س5.9b | ر.س196.3m | 20.7x | 174.4x | 5.8x |
| Thu, 04 Jan 2024 | ر.س34.8b | ر.س5.8b | ر.س175.9m | 20.3x | 198.1x | 6x |
| Sat, 02 Dec 2023 | ر.س35.0b | ر.س5.8b | ر.س175.9m | 19.7x | 198.8x | 6x |
| Mon, 30 Oct 2023 | ر.س34.1b | ر.س5.6b | -ر.س86,612,390.00 | 16.2x | -393.5x | 6x |
| Wed, 27 Sep 2023 | ر.س39.4b | ر.س5.9b | -ر.س29,180,820.00 | 27.8x | -1351.1x | 6.7x |
| Fri, 25 Aug 2023 | ر.س44.7b | ر.س5.9b | -ر.س39,502,820.00 | 31.7x | -1130.8x | 7.6x |
| Sun, 23 Jul 2023 | ر.س42.2b | ر.س5.2b | -ر.س473,244,590.00 | 29.2x | -89.2x | 8.1x |
| Tue, 20 Jun 2023 | ر.س41.1b | ر.س5.2b | -ر.س473,244,590.00 | 26x | -86.9x | 7.8x |
| Thu, 18 May 2023 | ر.س39.9b | ر.س6.0b | -ر.س334,805,764.00 | 24.3x | -119.2x | 6.7x |
| Sat, 15 Apr 2023 | ر.س40.3b | ر.س6.0b | -ر.س334,805,764.00 | 23.6x | -120.3x | 6.7x |
| Mon, 13 Mar 2023 | ر.س37.3b | ر.س6.0b | -ر.س90,187,627.00 | 23.2x | -413.4x | 6.3x |
| Wed, 08 Feb 2023 | ر.س35.4b | ر.س6.0b | -ر.س90,187,627.00 | 23x | -392.2x | 5.9x |
| Fri, 06 Jan 2023 | ر.س34.4b | ر.س6.0b | -ر.س90,187,627.00 | 23.1x | -381.1x | 5.8x |
| Sun, 04 Dec 2022 | ر.س37.1b | ر.س6.0b | -ر.س90,187,627.00 | 23.9x | -411.1x | 6.2x |
| Tue, 01 Nov 2022 | ر.س38.4b | ر.س5.7b | -ر.س160,957,714.00 | 26.9x | -238.9x | 6.8x |
| Thu, 29 Sep 2022 | ر.س41.1b | ر.س5.7b | -ر.س160,957,714.00 | 26.8x | -255.6x | 7.3x |
| Sat, 27 Aug 2022 | ر.س40.6b | ر.س5.6b | -ر.س147,926,345.00 | 25x | -274.5x | 7.3x |
| Mon, 25 Jul 2022 | ر.س36.9b | ر.س5.5b | -ر.س138,372,892.00 | 24.9x | -266.7x | 6.8x |
| Wed, 22 Jun 2022 | ر.س33.3b | ر.س4.3b | -ر.س342,341,363.00 | 25.4x | -97.3x | 7.7x |
| Fri, 20 May 2022 | ر.س32.0b | ر.س3.3b | -ر.س566,993,423.00 | 29.3x | -56.5x | 9.8x |
| Sun, 17 Apr 2022 | ر.س34.6b | ر.س3.3b | -ر.س567,821,429.00 | 30.9x | -60.9x | 10.6x |
| Tue, 15 Mar 2022 | ر.س36.3b | ر.س2.9b | -ر.س890,579,234.00 | 30.7x | -40.8x | 12.3x |
| Thu, 10 Feb 2022 | ر.س36.1b | ر.س2.9b | -ر.س888,960,264.00 | 28.9x | -40.6x | 12.4x |
| Sat, 08 Jan 2022 | ر.س35.7b | ر.س3.0b | -ر.س863,032,631.00 | 40.8x | -41.4x | 12x |
| Mon, 06 Dec 2021 | ر.س33.5b | ر.س3.0b | -ر.س863,032,631.00 | 40x | -38.8x | 11.3x |
| Wed, 03 Nov 2021 | ر.س37.0b | ر.س2.7b | -ر.س975,989,879.00 | n/a | -37.9x | 13.4x |
| Fri, 01 Oct 2021 | ر.س33.3b | ر.س2.7b | -ر.س975,989,879.00 | 42.2x | -34.1x | 12.1x |
| Sun, 29 Aug 2021 | ر.س32.8b | ر.س2.7b | -ر.س975,989,879.00 | 43x | -33.7x | 11.9x |
| Mon, 05 Jul 2021 | ر.س34.3b | ر.س2.7b | -ر.س975,989,879.00 | 40.6x | -35.2x | 12.5x |
Price to Earnings Ratio
-30.7x
Current Industry PE
- Investors are optimistic on the Saudi Real Estate Development industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 53.1x which is higher than its 3-year average PE of -166x.
- The 3-year average PS ratio of 8.5x is higher than the industry's current PS ratio of 6.1x.
Past Earnings Growth
- Total earnings for the Real Estate Development industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 28% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Comparison
How does Saudi Arabian Real Estate Development compare with similar industries?
| SA Market | -0.99% | |
| Real Estate | -4.58% | |
| Real Estate | -4.91% | |
| Real Estate Development | -3.53% | |
| Real Estate Services | 0% | |
| Real Estate Operating Companies | -4.25% | |
| Diversified Real Estate | -5.71% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 4322 Retal Urban Development | ر.س9.12 | 2.4% +ر.س105.0m | -2.9% | PE20.4x |