The Returns On Capital At Saudi Arabian Oil (TADAWUL:2222) Don't Inspire Confidence
Jan 05
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Saudi Arabian (Tadawul) Market Analysis & Valuation
UpdatedJan 11, 2025
DataAggregated Company Financials
Companies351
- 7D-0.3%
- 3M1.6%
- 1Y-10.3%
- YTD-0.3%
The Industrials sector gained 4.9% while the market remained flat over the last week. The past year hasn't been profitable, with the market dropping 10%. Looking forward, earnings are forecast to grow by 6.0% 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, 11 Jan 2025 | ر.س10.2t | ر.س2.9t | ر.س552.2b | 23.7x | 18.5x | 3.6x |
| Mon, 09 Dec 2024 | ر.س10.2t | ر.س2.9t | ر.س552.1b | 23.7x | 18.5x | 3.6x |
| Wed, 06 Nov 2024 | ر.س10.2t | ر.س2.9t | ر.س575.2b | 24.8x | 17.7x | 3.5x |
| Fri, 04 Oct 2024 | ر.س10.0t | ر.س2.9t | ر.س571.2b | 24.9x | 17.6x | 3.5x |
| Sun, 01 Sep 2024 | ر.س10.3t | ر.س2.9t | ر.س571.1b | 25.5x | 17.9x | 3.6x |
| Tue, 30 Jul 2024 | ر.س10.2t | ر.س2.8t | ر.س568.2b | 26.2x | 18x | 3.6x |
| Thu, 27 Jun 2024 | ر.س10.0t | ر.س2.8t | ر.س567.4b | 25x | 17.7x | 3.6x |
| Sat, 25 May 2024 | ر.س10.6t | ر.س2.8t | ر.س566.3b | 26.3x | 18.8x | 3.8x |
| Mon, 22 Apr 2024 | ر.س10.8t | ر.س2.8t | ر.س578.0b | 28.1x | 18.7x | 3.8x |
| Wed, 20 Mar 2024 | ر.س11.2t | ر.س2.8t | ر.س577.0b | 28.2x | 19.4x | 4x |
| Fri, 16 Feb 2024 | ر.س11.2t | ر.س2.9t | ر.س606.2b | 26.1x | 18.5x | 3.9x |
| Sun, 14 Jan 2024 | ر.س11.3t | ر.س2.9t | ر.س604.6b | 25.1x | 18.6x | 4x |
| Tue, 12 Dec 2023 | ر.س11.1t | ر.س2.8t | ر.س604.4b | 23.9x | 18.3x | 3.9x |
| Thu, 09 Nov 2023 | ر.س11.1t | ر.س2.9t | ر.س604.2b | 23.4x | 18.3x | 3.9x |
| Sat, 07 Oct 2023 | ر.س11.0t | ر.س3.0t | ر.س636.4b | 24.2x | 17.2x | 3.7x |
| Mon, 04 Sep 2023 | ر.س11.5t | ر.س3.0t | ر.س636.3b | 25.5x | 18.1x | 3.9x |
| Wed, 02 Aug 2023 | ر.س11.0t | ر.س3.2t | ر.س715.4b | 25.8x | 15.3x | 3.4x |
| Fri, 30 Jun 2023 | ر.س10.9t | ر.س3.2t | ر.س714.9b | 26.5x | 15.3x | 3.4x |
| Sun, 28 May 2023 | ر.س10.7t | ر.س3.2t | ر.س720.4b | 25.4x | 14.9x | 3.4x |
| Tue, 25 Apr 2023 | ر.س10.6t | ر.س3.2t | ر.س754.1b | 24.7x | 14.1x | 3.3x |
| Thu, 23 Mar 2023 | ر.س9.8t | ر.س3.2t | ر.س765.6b | 23.3x | 12.8x | 3x |
| Sat, 18 Feb 2023 | ر.س10.1t | ر.س3.2t | ر.س752.6b | 24.5x | 13.4x | 3.2x |
| Mon, 16 Jan 2023 | ر.س10.0t | ر.س3.2t | ر.س750.1b | 24.5x | 13.3x | 3.1x |
| Wed, 14 Dec 2022 | ر.س9.5t | ر.س3.2t | ر.س748.3b | 24x | 12.6x | 3x |
| Fri, 11 Nov 2022 | ر.س10.5t | ر.س3.2t | ر.س746.2b | 26x | 14x | 3.3x |
| Sun, 09 Oct 2022 | ر.س11.0t | ر.س2.9t | ر.س699.7b | 27.8x | 15.7x | 3.7x |
| Tue, 06 Sep 2022 | ر.س11.4t | ر.س2.9t | ر.س699.5b | 25.8x | 16.3x | 3.9x |
| Thu, 04 Aug 2022 | ر.س11.8t | ر.س2.6t | ر.س609.5b | 27.1x | 19.4x | 4.6x |
| Sat, 02 Jul 2022 | ر.س11.5t | ر.س2.6t | ر.س607.2b | 25.8x | 18.9x | 4.4x |
| Mon, 30 May 2022 | ر.س12.3t | ر.س2.6t | ر.س606.9b | 28.2x | 20.2x | 4.8x |
| Wed, 27 Apr 2022 | ر.س12.1t | ر.س2.3t | ر.س536.8b | 29.3x | 22.5x | 5.2x |
| Fri, 25 Mar 2022 | ر.س11.9t | ر.س2.4t | ر.س543.3b | 27.7x | 21.9x | 5x |
| Sun, 20 Feb 2022 | ر.س10.7t | ر.س2.1t | ر.س468.6b | 28.5x | 22.9x | 5x |
| Tue, 18 Jan 2022 | ر.س10.5t | ر.س2.1t | ر.س461.3b | 29.2x | 22.7x | 5x |
Price to Earnings Ratio
22.7x
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 17.6x.
Past Earnings Growth
- The earnings for Saudi listed companies have grown 6.2% per year over the last three years.
- Revenues for these companies have grown 11% 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 | -0.32% | |
| Industrials | 4.94% | |
| Healthcare | 3.67% | |
| Tech | 1.79% | |
| Consumer Discretionary | 1.02% | |
| Telecom | 0.59% | |
| Consumer Staples | 0.53% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Energy | -0.35% | |
| Financials | -0.64% | |
| Utilities | -1.16% | |
| Materials | -1.40% | |
| Real Estate | -5.74% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 40.5x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 23.0% which is higher than its past year's earnings decline of 3.4% per year.
- The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 17.1x.
Forecasted Growth
- Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 35% over the next 5 years.
- This is better than its past earnings growth rate of 5.5% 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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| 4013 Dr. Sulaiman Al Habib Medical Services Group | ر.س298.80 | 5.2% +ر.س5.2b | 3.0% | PE47x | Healthcare | |
| 1180 Saudi National Bank | ر.س33.55 | 0.9% +ر.س1.8b | -21.2% | PB1.1x | Financials | |
| 7202 Arabian Internet and Communication Services | ر.س285.60 | 4.8% +ر.س1.6b | -18.2% | PE23.7x | Tech | |
| 4263 SAL Saudi Logistics Services | ر.س278.20 | 7.0% +ر.س1.5b | 33.0% | PE31.8x | Industrials | |
| 1212 Astra Industrial Group | ر.س202.00 | 8.7% +ر.س1.3b | 56.6% | PE30.2x | Industrials |
