Saudi Arabian Oil Company's (TADAWUL:2222) Price Is Right But Growth Is Lacking
Jul 12
Have your own idea? Try our Stock Screener
Saudi Arabian (Tadawul) Market Analysis & Valuation
UpdatedJul 19, 2025
DataAggregated Company Financials
Companies377
- 7D-3.2%
- 3M-5.1%
- 1Y-13.9%
- YTD-12.4%
Over the last 7 days, the market has dropped 3.2%, driven by losses in every sector, especially the Energy sector. In the last 12 months the market is down 14%. Earnings are forecast to grow by 6.9% annually.
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 |
|---|---|---|---|---|---|---|
| Sat, 19 Jul 2025 | ر.س9.0t | ر.س2.9t | ر.س542.8b | 20.8x | 16.7x | 3.1x |
| Mon, 16 Jun 2025 | ر.س9.2t | ر.س2.9t | ر.س542.1b | 20.6x | 16.9x | 3.2x |
| Wed, 14 May 2025 | ر.س9.5t | ر.س2.9t | ر.س538.8b | 21.9x | 17.6x | 3.3x |
| Fri, 11 Apr 2025 | ر.س9.6t | ر.س2.9t | ر.س544.6b | 21.9x | 17.5x | 3.3x |
| Sun, 09 Mar 2025 | ر.س9.7t | ر.س2.8t | ر.س551.4b | 22.4x | 17.6x | 3.4x |
| Tue, 04 Feb 2025 | ر.س10.3t | ر.س2.9t | ر.س554.2b | 24.4x | 18.5x | 3.6x |
| Thu, 02 Jan 2025 | ر.س10.2t | ر.س2.9t | ر.س552.1b | 23.5x | 18.5x | 3.6x |
| Sat, 30 Nov 2024 | ر.س10.0t | ر.س2.9t | ر.س551.8b | 23.3x | 18.1x | 3.5x |
| Mon, 28 Oct 2024 | ر.س10.0t | ر.س2.9t | ر.س573.2b | 25.3x | 17.5x | 3.5x |
| Wed, 25 Sep 2024 | ر.س10.2t | ر.س2.9t | ر.س571.1b | 25.7x | 17.9x | 3.6x |
| Fri, 23 Aug 2024 | ر.س10.2t | ر.س2.9t | ر.س571.1b | 25.8x | 17.9x | 3.6x |
| Sun, 21 Jul 2024 | ر.س10.4t | ر.س2.8t | ر.س567.5b | 25.6x | 18.3x | 3.7x |
| Tue, 18 Jun 2024 | ر.س10.0t | ر.س2.8t | ر.س567.4b | 25.1x | 17.6x | 3.5x |
| Thu, 16 May 2024 | ر.س10.5t | ر.س2.8t | ر.س566.4b | 26.9x | 18.6x | 3.8x |
| Sat, 13 Apr 2024 | ر.س10.9t | ر.س2.8t | ر.س577.8b | 27.5x | 18.9x | 3.9x |
| Mon, 11 Mar 2024 | ر.س11.2t | ر.س2.8t | ر.س607.1b | 27.2x | 18.4x | 3.9x |
| Wed, 07 Feb 2024 | ر.س10.9t | ر.س2.9t | ر.س604.8b | 25.6x | 18.1x | 3.8x |
| Fri, 05 Jan 2024 | ر.س11.3t | ر.س2.8t | ر.س604.5b | 25.2x | 18.7x | 4x |
| Sun, 03 Dec 2023 | ر.س11.1t | ر.س2.8t | ر.س604.4b | 23.5x | 18.3x | 3.9x |
| Tue, 31 Oct 2023 | ر.س10.8t | ر.س3.0t | ر.س637.7b | 23.3x | 17x | 3.6x |
| Thu, 28 Sep 2023 | ر.س11.4t | ر.س3.0t | ر.س636.5b | 24.9x | 17.9x | 3.8x |
| Sat, 26 Aug 2023 | ر.س11.4t | ر.س3.0t | ر.س636.3b | 25.5x | 18x | 3.9x |
| Mon, 24 Jul 2023 | ر.س11.0t | ر.س3.2t | ر.س715.5b | 25.9x | 15.4x | 3.5x |
| Wed, 21 Jun 2023 | ر.س10.9t | ر.س3.2t | ر.س714.5b | 26.5x | 15.2x | 3.4x |
| Fri, 19 May 2023 | ر.س10.9t | ر.س3.2t | ر.س728.1b | 25.3x | 14.9x | 3.4x |
| Sun, 16 Apr 2023 | ر.س10.2t | ر.س3.2t | ر.س753.8b | 24.8x | 13.5x | 3.1x |
| Tue, 14 Mar 2023 | ر.س10.0t | ر.س3.2t | ر.س747.8b | 23.6x | 13.4x | 3.1x |
| Thu, 09 Feb 2023 | ر.س9.9t | ر.س3.2t | ر.س750.3b | 24.5x | 13.2x | 3.1x |
| Sat, 07 Jan 2023 | ر.س9.8t | ر.س3.2t | ر.س750.1b | 24.2x | 13x | 3.1x |
| Mon, 05 Dec 2022 | ر.س10.1t | ر.س3.2t | ر.س748.3b | 24.6x | 13.5x | 3.2x |
| Wed, 02 Nov 2022 | ر.س10.7t | ر.س2.9t | ر.س701.0b | 26.9x | 15.3x | 3.6x |
| Fri, 30 Sep 2022 | ر.س10.8t | ر.س2.9t | ر.س699.7b | 27.5x | 15.4x | 3.7x |
| Sun, 28 Aug 2022 | ر.س11.9t | ر.س2.9t | ر.س699.4b | 26.7x | 17x | 4.1x |
| Tue, 26 Jul 2022 | ر.س11.5t | ر.س2.6t | ر.س607.6b | 26.7x | 19x | 4.5x |
Price to Earnings Ratio
19x
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 | -3.17% | |
| Materials | -0.74% | |
| Consumer Staples | -1.57% | |
| Healthcare | -1.87% | |
| Telecom | -2.03% | |
| Industrials | -2.07% | |
| Financials | -2.40% | |
| Consumer Discretionary | -2.58% | |
| Utilities | -2.60% | |
| Real Estate | -2.92% | |
| Energy | -3.73% | |
| Tech | -4.34% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 111x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 30.9%, 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 25.9x.
Forecasted Growth
- Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 31% 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 | |
|---|---|---|---|---|---|---|
| 2020 SABIC Agri-Nutrients | ر.س116.90 | 2.0% +ر.س1.1b | -0.4% | PE16x | Materials | |
| 2330 Advanced Petrochemical | ر.س33.30 | 7.6% +ر.س604.9m | -18.9% | PS3.5x | Materials | |
| 2250 Saudi Industrial Investment Group | ر.س17.66 | 5.1% +ر.س577.4m | -24.6% | PE62.5x | Materials | |
| 4015 Jamjoom Pharmaceuticals Factory | ر.س176.40 | 4.6% +ر.س546.0m | 20.0% | PE30.1x | Healthcare | |
| 4004 Dallah Healthcare | ر.س132.90 | 3.7% +ر.س485.7m | -17.4% | PE26.5x | Healthcare |
