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Saudi Arabian (Tadawul) Market Analysis & Valuation

UpdatedJun 23, 2024
DataAggregated Company Financials
Companies324
  • 7D0%
  • 3M-10.6%
  • 1Y-9.8%
  • YTD-12.2%

In the last week, the market has been flat. As for last year, the market is down 9.8%. Earnings are forecast to grow by 6.8% annually.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 23 Jun 2024ر.س10.0tر.س2.8tر.س567.4b25.1x17.6x3.5x
Tue, 21 May 2024ر.س10.7tر.س2.8tر.س566.3b26.9x18.8x3.8x
Thu, 18 Apr 2024ر.س10.8tر.س2.8tر.س578.0b27.9x18.7x3.8x
Sat, 16 Mar 2024ر.س11.1tر.س2.8tر.س584.7b28.3x19x4x
Mon, 12 Feb 2024ر.س10.8tر.س2.9tر.س604.8b25.9x17.8x3.8x
Wed, 10 Jan 2024ر.س11.4tر.س2.9tر.س604.6b25.2x18.8x4x
Fri, 08 Dec 2023ر.س11.0tر.س2.8tر.س604.4b23.6x18.3x3.9x
Sun, 05 Nov 2023ر.س10.9tر.س3.0tر.س637.7b23.3x17.2x3.7x
Tue, 03 Oct 2023ر.س11.2tر.س3.0tر.س636.5b24.9x17.7x3.8x
Thu, 31 Aug 2023ر.س11.5tر.س3.0tر.س636.3b25.7x18.1x3.9x
Sat, 29 Jul 2023ر.س11.0tر.س3.2tر.س716.1b25.7x15.4x3.5x
Mon, 26 Jun 2023ر.س10.9tر.س3.2tر.س714.9b26.5x15.3x3.4x
Wed, 24 May 2023ر.س10.8tر.س3.2tر.س726.5b25.9x14.9x3.4x
Fri, 21 Apr 2023ر.س10.6tر.س3.2tر.س754.1b24.7x14.1x3.3x
Sun, 19 Mar 2023ر.س9.4tر.س3.2tر.س754.4b22.9x12.5x2.9x
Tue, 14 Feb 2023ر.س10.1tر.س3.2tر.س751.7b24.6x13.4x3.1x
Thu, 12 Jan 2023ر.س9.9tر.س3.2tر.س750.1b24.1x13.2x3.1x
Sat, 10 Dec 2022ر.س9.6tر.س3.2tر.س748.3b23.9x12.9x3x
Mon, 07 Nov 2022ر.س10.7tر.س3.2tر.س745.7b27.1x14.3x3.4x
Wed, 05 Oct 2022ر.س11.0tر.س2.9tر.س699.7b28x15.7x3.8x
Fri, 02 Sep 2022ر.س11.3tر.س2.9tر.س699.6b26.1x16.2x3.9x
Sun, 31 Jul 2022ر.س11.8tر.س2.6tر.س607.4b26.6x19.5x4.6x
Tue, 28 Jun 2022ر.س11.2tر.س2.6tر.س607.1b25.5x18.4x4.3x
Thu, 26 May 2022ر.س12.1tر.س2.6tر.س606.6b27.7x19.9x4.7x
Sat, 23 Apr 2022ر.س12.1tر.س2.3tر.س530.9b29.5x22.8x5.2x
Mon, 21 Mar 2022ر.س11.9tر.س2.2tر.س475.6b27.7x25.1x5.5x
Wed, 16 Feb 2022ر.س10.5tر.س2.1tر.س468.7b27.8x22.5x4.9x
Fri, 14 Jan 2022ر.س10.3tر.س2.1tر.س461.2b29.3x22.3x4.9x
Sun, 12 Dec 2021ر.س9.7tر.س2.1tر.س460.4b26.4x21x4.6x
Tue, 09 Nov 2021ر.س10.5tر.س2.1tر.س456.7b28.7x22.9x5x
Thu, 07 Oct 2021ر.س10.3tر.س1.9tر.س377.9b30.6x27.2x5.5x
Sat, 04 Sep 2021ر.س9.8tر.س1.9tر.س378.6b31.4x25.9x5.2x
Mon, 02 Aug 2021ر.س9.7tر.س1.9tر.س378.5b31.4x25.7x5.2x
Price to Earnings Ratio

25.7x


Total Market Cap: ر.س9.7tTotal Earnings: ر.س378.5bTotal Revenue: ر.س1.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Saudi Arabian Market Price to Earnings3Y Average 18.8x202220232024
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 18.8x.
Past Earnings Growth
  • The earnings for Saudi listed companies have grown 14% per year over the last three years.
  • Revenues for these companies have grown 15% 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 Market0%
Energy0%
Real Estate0%
Materials0%
Industrials0%
Consumer Discretionary0%
Consumer Staples0%
Healthcare0%
Financials0%
Tech0%
Telecom0%
Utilities0%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 27.6x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 42.7% which is higher than its past year's earnings decline of 23.2% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 18.8x.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 43% over the next 5 years.
  • This is better than its past earnings decline of 23% per year.
  • In contrast, the Energy 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?

CompanyLast Price7D1YValuationSector
2222 Saudi Arabian Oilر.س28.101.4%
+ر.س96.8b
-12.9%PE15.5xEnergy
2082 ACWA Powerر.س364.809.9%
+ر.س24.2b
119.1%PE157.6xUtilities
1120 Al Rajhi Banking and Investmentر.س81.002.5%
+ر.س8.0b
11.0%PB3xFinancials
1180 Saudi National Bankر.س36.403.6%
+ر.س7.4b
-1.1%PB1.2xFinancials
7010 Saudi Telecomر.س37.502.5%
+ر.س4.5b
-13.8%PE13.9xTelecom
See more
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4071

ر.س220.20

Arabian Contracting Services

7D

-2.2%

1Y

23.7%

2230

ر.س10.76

Saudi Chemical Holding

7D

-2.4%

1Y

184.7%

4072

ر.س42.00

MBC Group

7D

-3.0%

1Y

n/a

4017

ر.س56.50

Dr. Soliman Abdel Kader Fakeeh Hospital

7D

-1.6%

1Y

n/a

8010

ر.س137.40

Company for Cooperative Insurance

7D

-1.3%

1Y

17.8%

2222

ر.س28.10

Saudi Arabian Oil

7D

1.4%

1Y

-12.9%

2010

ر.س74.80

Saudi Basic Industries

7D

1.8%

1Y

-15.2%

9526

ر.س30.55

Jahez International Company for Information Systems Technology

7D

-5.1%

1Y

-3.0%

4250

ر.س24.60

Jabal Omar Development

7D

-2.6%

1Y

-4.7%

7010

ر.س37.50

Saudi Telecom

7D

2.5%

1Y

-13.8%

1180

ر.س36.40

Saudi National Bank

7D

3.6%

1Y

-1.1%

1010

ر.س25.90

Riyad Bank

7D

5.0%

1Y

-23.0%

1120

ر.س81.00

Al Rajhi Banking and Investment

7D

2.5%

1Y

11.0%