Almarai Company (TADAWUL:2280) Just Reported Second-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
Jul 11
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Saudi Arabian (Tadawul) Market Analysis & Valuation
UpdatedJul 11, 2025
DataAggregated Company Financials
Companies376
- 7D0.8%
- 3M-3.0%
- 1Y-9.4%
- YTD-9.5%
The market has been flat over the last week. The past year hasn't been profitable, with the market dropping 9.4%. As for the next few years, earnings are expected to grow by 6.8% per annum.
Market Valuation and Performance
Has the Saudi Arabian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 11 Jul 2025 | ر.س9.3t | ر.س2.9t | ر.س542.8b | 21.9x | 17.2x | 3.2x |
| Sun, 08 Jun 2025 | ر.س9.2t | ر.س2.9t | ر.س541.9b | 21.7x | 16.9x | 3.2x |
| Tue, 06 May 2025 | ر.س9.4t | ر.س2.9t | ر.س547.5b | 21.9x | 17.1x | 3.3x |
| Thu, 03 Apr 2025 | ر.س9.9t | ر.س2.9t | ر.س543.6b | 22.7x | 18.3x | 3.5x |
| Sat, 01 Mar 2025 | ر.س10.0t | ر.س2.9t | ر.س568.2b | 23.5x | 17.6x | 3.5x |
| Mon, 27 Jan 2025 | ر.س10.4t | ر.س2.9t | ر.س552.3b | 24.4x | 18.7x | 3.6x |
| Wed, 25 Dec 2024 | ر.س10.2t | ر.س2.9t | ر.س552.1b | 23.1x | 18.5x | 3.6x |
| Fri, 22 Nov 2024 | ر.س10.2t | ر.س2.9t | ر.س551.6b | 23.7x | 18.4x | 3.6x |
| Sun, 20 Oct 2024 | ر.س10.0t | ر.س2.9t | ر.س571.7b | 25.6x | 17.5x | 3.5x |
| Tue, 17 Sep 2024 | ر.س10.0t | ر.س2.9t | ر.س571.1b | 25.8x | 17.5x | 3.5x |
| Thu, 15 Aug 2024 | ر.س10.2t | ر.س2.9t | ر.س571.1b | 24.7x | 17.9x | 3.6x |
| Sat, 13 Jul 2024 | ر.س10.2t | ر.س2.8t | ر.س567.5b | 25.7x | 17.9x | 3.6x |
| Mon, 10 Jun 2024 | ر.س10.1t | ر.س2.8t | ر.س566.9b | 25.4x | 17.8x | 3.6x |
| Wed, 08 May 2024 | ر.س10.7t | ر.س2.8t | ر.س579.9b | 27.7x | 18.5x | 3.8x |
| Fri, 05 Apr 2024 | ر.س10.9t | ر.س2.8t | ر.س577.7b | 27x | 18.9x | 3.9x |
| Sun, 03 Mar 2024 | ر.س11.2t | ر.س2.9t | ر.س606.0b | 28x | 18.5x | 3.9x |
| Tue, 30 Jan 2024 | ر.س11.0t | ر.س2.9t | ر.س604.6b | 25x | 18.1x | 3.8x |
| Thu, 28 Dec 2023 | ر.س11.3t | ر.س2.8t | ر.س604.4b | 24.4x | 18.6x | 4x |
| Sat, 25 Nov 2023 | ر.س11.1t | ر.س2.8t | ر.س604.4b | 23.6x | 18.3x | 3.9x |
| Mon, 23 Oct 2023 | ر.س10.9t | ر.س3.0t | ر.س636.9b | 22.9x | 17.1x | 3.7x |
| Wed, 20 Sep 2023 | ر.س11.2t | ر.س3.0t | ر.س636.4b | 24.6x | 17.6x | 3.8x |
| Fri, 18 Aug 2023 | ر.س11.5t | ر.س3.0t | ر.س635.1b | 25.9x | 18.1x | 3.9x |
| Sun, 16 Jul 2023 | ر.س11.0t | ر.س3.2t | ر.س715.4b | 25.9x | 15.3x | 3.4x |
| Tue, 13 Jun 2023 | ر.س10.9t | ر.س3.2t | ر.س714.2b | 26.3x | 15.2x | 3.4x |
| Thu, 11 May 2023 | ر.س11.2t | ر.س3.2t | ر.س730.2b | 24.9x | 15.3x | 3.5x |
| Sat, 08 Apr 2023 | ر.س10.1t | ر.س3.2t | ر.س758.3b | 24.4x | 13.4x | 3.1x |
| Mon, 06 Mar 2023 | ر.س9.8t | ر.س3.2t | ر.س753.1b | 23.9x | 13.1x | 3.1x |
| Wed, 01 Feb 2023 | ر.س10.1t | ر.س3.2t | ر.س750.2b | 23.7x | 13.5x | 3.2x |
| Fri, 30 Dec 2022 | ر.س9.9t | ر.س3.2t | ر.س750.1b | 23.9x | 13.2x | 3.1x |
| Sun, 27 Nov 2022 | ر.س10.2t | ر.س3.2t | ر.س748.2b | 24.4x | 13.6x | 3.2x |
| Tue, 25 Oct 2022 | ر.س11.2t | ر.س2.9t | ر.س699.8b | 28x | 16x | 3.8x |
| Thu, 22 Sep 2022 | ر.س10.9t | ر.س2.9t | ر.س699.4b | 26.8x | 15.6x | 3.7x |
| Sat, 20 Aug 2022 | ر.س11.9t | ر.س2.9t | ر.س700.1b | 27x | 17.1x | 4.1x |
| Mon, 18 Jul 2022 | ر.س10.9t | ر.س2.6t | ر.س607.5b | 25x | 18x | 4.2x |
Price to Earnings Ratio
18x
Current Market PE
- Investors are relatively neutral on the Saudi 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 16.9x.
Past Earnings Growth
- The earnings for Saudi listed companies have declined 3.7% per year over the last three years.
- Meanwhile revenues for these companies have grown 3.8% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Sector Trends
Which sectors have driven the changes within the Saudi Arabian Market?
| SA Market | 0.76% | |
| Real Estate | 2.99% | |
| Consumer Discretionary | 1.64% | |
| Materials | 1.48% | |
| Energy | 1.05% | |
| Industrials | 0.41% | |
| Utilities | -0.062% | |
| Telecom | -0.25% | |
| Financials | -0.30% | |
| Healthcare | -0.31% | |
| Tech | -0.49% | |
| Consumer Staples | -2.16% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 108x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 31.7%, which is higher than its past year's earnings growth of 5.8% per year.
- The Consumer Staples sector is the least preferred by investors for future growth, which is trading below its 3-year average of 26.1x.
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 growth rate of 5.8% per year.
- In contrast, the Consumer Staples industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|---|
| 2222 Saudi Arabian Oil | ر.س25.04 | 1.0% +ر.س62.9b | -11.0% | PE15.7x | Energy | |
| 1211 Saudi Arabian Mining Company (Ma'aden) | ر.س55.60 | 4.1% +ر.س8.5b | 28.7% | PE62.7x | Materials | |
| 2020 SABIC Agri-Nutrients | ر.س114.60 | 5.6% +ر.س2.9b | 0.5% | PE15.7x | Materials | |
| 4300 Dar Al Arkan Real Estate Development | ر.س20.41 | 8.0% +ر.س1.6b | 70.9% | PE26.1x | Real Estate | |
| 1180 Saudi National Bank | ر.س37.46 | 0.4% +ر.س832.6m | 4.1% | PB1.2x | Financials |
