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Saudi Arabian (Tadawul) Market Analysis & Valuation

UpdatedMay 23, 2022
DataAggregated Company Financials
Companies234
  • 7D-5.2%
  • 3M8.3%
  • 1Y21.9%
  • YTD19.4%

Over the last 7 days, the market has dropped 5.2%, driven by a loss of 5.5% in the Energy sector. In contrast, the Healthcare sector has actually gained 3.2%. As for the longer term, the market has actually risen by 22% in the last year. As for the next few years, earnings are forecast to decline by 1.1% per annum.

Trending IndustriesOil and Gas

Market Valuation and Performance

Has the Saudi Arabian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPE
Mon, 23 May 2022ر.س11.9tر.س2.6tر.س606.8b28.2x
Wed, 20 Apr 2022ر.س12.1tر.س2.3tر.س530.2b30.6x
Fri, 18 Mar 2022ر.س11.4tر.س2.2tر.س475.6b26.8x
Sun, 13 Feb 2022ر.س10.6tر.س2.1tر.س467.6b29.8x
Tue, 11 Jan 2022ر.س10.1tر.س2.1tر.س461.2b27x
Thu, 09 Dec 2021ر.س9.8tر.س2.1tر.س460.4b26.5x
Sat, 06 Nov 2021ر.س10.5tر.س2.1tر.س456.8b29.2x
Mon, 04 Oct 2021ر.س10.0tر.س1.9tر.س377.9b31.2x
Wed, 01 Sep 2021ر.س9.8tر.س1.9tر.س378.6b31.5x
Thu, 08 Jul 2021ر.س9.7tر.س1.9tر.س378.5b30.3x
Wed, 31 Mar 2021ر.س9.6tر.س1.6tر.س272.3b29x
Sat, 02 Jan 2021ر.س9.1tر.س1.5tر.س239.6b27.2x
Tue, 06 Oct 2020ر.س9.1tر.س1.6tر.س255.4b25.5x
Fri, 10 Jul 2020ر.س8.2tر.س1.6tر.س293.3b20.7x
Thu, 02 Apr 2020ر.س7.6tر.س1.8tر.س378.1b19.4x
Sun, 05 Jan 2020ر.س9.0tر.س1.9tر.س407.3b21.8x
Wed, 09 Oct 2019ر.س1.9tر.س666.3bر.س67.6b23.1x
Tue, 02 Jul 2019ر.س2.1tر.س677.2bر.س74.6b23.7x
Median PE Ratio

23.6x


Total Market Cap: ر.س2.0tTotal Earnings: ر.س84.2bTotal Revenue: ر.س689.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Saudi Arabian Market Median PE3Y Average 25.9x202020212022
Current Market PE
  • Investors are relatively neutral on the market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 26.0x.
  • Future earnings are expected to decline by 1.1% which could lead to a drop in market valuations.
Past Earnings Growth
  • The earnings for Saudi listed companies have grown 93% per year over the last three years.
  • Revenues for these companies have grown 55% 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 Saudi Arabian Market?

SA Market-5.18%
Healthcare3.16%
Tech0.49%
Consumer Staples-1.49%
Materials-3.48%
Industrials-3.78%
Real Estate-3.85%
Consumer Discretionary-4.24%
Telecom-4.45%
Financials-5.15%
Energy-5.45%
Utilities-11.48%
Sector PE
  • Investors are most optimistic about the Healthcare sector which is trading above its 3-year average PE ratio of 34.6x.
  • This is likely because analysts are expecting annual earnings growth of 12% which is higher than its past year's earnings decline of 1.8% per year.
  • Investors are most pessimistic about the Materials sector, which is trading close to its 3-year average of 21.5x.
Forecasted Growth
  • Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 32% over the next 5 years.
  • This is better than its past earnings decline of 9.3% per year.
  • In contrast, the Energy sector is expected to see its earnings decline by 4.9% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
4280 Kingdom Holdingر.س10.9816.8%
+ر.س5.9b
17.7%PS5.9xFinancials
1060 Saudi British Bankر.س42.004.0%
+ر.س3.3b
43.3%PB1.6xFinancials
4013 Dr. Sulaiman Al Habib Medical Services Groupر.س220.003.3%
+ر.س2.5b
47.5%PS53.2xHealthcare
4020 Saudi Real Estateر.س16.26-15.5%
ر.س1.5b
-15.0%PB2.1xReal Estate
2020 SABIC Agri-Nutrientsر.س148.402.1%
+ر.س1.4b
47.5%PS9.7xMaterials
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