Investors Shouldn't Be Too Comfortable With Tanmiah Food's (TADAWUL:2281) Earnings
Nov 14
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Saudi Arabian (Tadawul) Food Industry Analysis
UpdatedNov 19, 2024
DataAggregated Company Financials
Companies24
- 7D-3.5%
- 3M-18.2%
- 1Y-8.1%
- YTD-13.3%
Over the last 7 days, the Food industry has dropped 3.5%, driven by pullbacks in Almarai and Savola Group of 3.3% and 6.0%, respectively. However, the industry is down 8.1% over the past year. As for the next few years, earnings are expected to grow by 18% per annum.
Industry Valuation and Performance
Has the Saudi Arabian Food Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 19 Nov 2024 | ر.س127.8b | ر.س65.2b | ر.س5.1b | 21.8x | 25.2x | 2x |
| Thu, 17 Oct 2024 | ر.س137.1b | ر.س63.4b | ر.س4.9b | 22.3x | 28.2x | 2.2x |
| Sat, 14 Sep 2024 | ر.س133.3b | ر.س62.1b | ر.س4.5b | 22.7x | 29.4x | 2.1x |
| Mon, 12 Aug 2024 | ر.س121.6b | ر.س61.7b | ر.س4.4b | 22.9x | 27.3x | 2x |
| Wed, 10 Jul 2024 | ر.س126.2b | ر.س62.3b | ر.س4.3b | 25.3x | 29.1x | 2x |
| Fri, 07 Jun 2024 | ر.س118.2b | ر.س61.9b | ر.س4.3b | 24x | 27.6x | 1.9x |
| Sun, 05 May 2024 | ر.س130.1b | ر.س61.6b | ر.س4.3b | 26.2x | 30.4x | 2.1x |
| Tue, 02 Apr 2024 | ر.س133.1b | ر.س61.2b | ر.س4.2b | 29.2x | 31.6x | 2.2x |
| Thu, 29 Feb 2024 | ر.س129.9b | ر.س60.1b | ر.س4.1b | 31.2x | 31.9x | 2.2x |
| Sat, 27 Jan 2024 | ر.س116.2b | ر.س59.9b | ر.س3.8b | 27x | 30.3x | 1.9x |
| Mon, 25 Dec 2023 | ر.س107.4b | ر.س59.9b | ر.س3.8b | 25.6x | 28x | 1.8x |
| Wed, 22 Nov 2023 | ر.س103.2b | ر.س59.9b | ر.س3.8b | 24.3x | 26.9x | 1.7x |
| Fri, 20 Oct 2023 | ر.س105.4b | ر.س60.3b | ر.س3.7b | 25.7x | 28.7x | 1.7x |
| Sun, 17 Sep 2023 | ر.س114.4b | ر.س60.3b | ر.س3.7b | 28.4x | 31.2x | 1.9x |
| Tue, 15 Aug 2023 | ر.س120.5b | ر.س60.2b | ر.س3.7b | 31x | 32.6x | 2x |
| Thu, 13 Jul 2023 | ر.س123.7b | ر.س60.8b | ر.س3.7b | 34.9x | 33.4x | 2x |
| Sat, 10 Jun 2023 | ر.س108.2b | ر.س59.5b | ر.س3.4b | 30.5x | 31.9x | 1.8x |
| Mon, 08 May 2023 | ر.س102.9b | ر.س59.0b | ر.س3.3b | 35.8x | 31.6x | 1.7x |
| Wed, 05 Apr 2023 | ر.س96.2b | ر.س58.1b | ر.س2.5b | 36.6x | 37.7x | 1.7x |
| Fri, 03 Mar 2023 | ر.س90.3b | ر.س58.2b | ر.س2.2b | 42.1x | 40.4x | 1.6x |
| Sun, 29 Jan 2023 | ر.س90.7b | ر.س58.0b | ر.س2.2b | 44.9x | 41.1x | 1.6x |
| Tue, 27 Dec 2022 | ر.س86.7b | ر.س57.0b | ر.س2.1b | 51.6x | 41.5x | 1.5x |
| Thu, 24 Nov 2022 | ر.س91.7b | ر.س57.0b | ر.س2.1b | 55.6x | 43.9x | 1.6x |
| Sat, 22 Oct 2022 | ر.س93.6b | ر.س55.5b | ر.س2.0b | 59.4x | 46.8x | 1.7x |
| Mon, 19 Sep 2022 | ر.س91.4b | ر.س54.7b | ر.س1.9b | 62.8x | 47x | 1.7x |
| Wed, 17 Aug 2022 | ر.س93.5b | ر.س53.4b | ر.س1.9b | 53x | 49.1x | 1.8x |
| Fri, 15 Jul 2022 | ر.س88.1b | ر.س52.6b | ر.س1.8b | 45.7x | 48.5x | 1.7x |
| Sun, 12 Jun 2022 | ر.س96.8b | ر.س52.6b | ر.س1.8b | 55.6x | 53.4x | 1.8x |
| Tue, 10 May 2022 | ر.س94.3b | ر.س50.8b | ر.س1.7b | 74.7x | 56.4x | 1.9x |
| Thu, 07 Apr 2022 | ر.س94.5b | ر.س49.8b | ر.س1.6b | 71x | 57.4x | 1.9x |
| Sat, 05 Mar 2022 | ر.س92.4b | ر.س49.7b | ر.س1.8b | 74x | 50.5x | 1.9x |
| Mon, 31 Jan 2022 | ر.س92.3b | ر.س48.0b | ر.س2.2b | n/a | 42.5x | 1.9x |
| Wed, 29 Dec 2021 | ر.س90.1b | ر.س47.5b | ر.س2.2b | 33x | 40.4x | 1.9x |
| Fri, 26 Nov 2021 | ر.س91.6b | ر.س47.5b | ر.س2.2b | 32.6x | 41.1x | 1.9x |
Price to Earnings Ratio
41.1x
Current Industry PE
- Investors are pessimistic on the Saudi Food industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 25.2x which is lower than its 3-year average PE of 37.6x.
- The industry is trading close to its 3-year average PS ratio of 1.9x.
Past Earnings Growth
- The earnings for companies in the Food industry have grown 32% 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.
Industry Trends
Which industries have driven the changes within the Saudi Arabian Consumer Staples industry?
| SA Market | -1.34% | |
| Consumer Staples | -3.25% | |
| Food | -3.51% | |
| Agricultural Products | -2.71% | |
| Packaged Foods and Meats | -3.59% | |
Industry PE
- Investors are most optimistic about the Agricultural Products industry which is trading above its 3-year average PE ratio of 1.7x.
- Analysts are expecting annual earnings growth of 10.9%, which is lower than the prior year's growth of 53.0% per year.
- Investors are most pessimistic about the Packaged Foods and Meats industry, which is trading below its 3-year average of 33.8x.
Forecasted Growth
- Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 19% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Agricultural Products industry is expected to see its earnings grow by 11% per year 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 | |
|---|---|---|---|---|---|
| 2270 Saudia Dairy & Foodstuff | ر.س350.40 | 0.4% +ر.س44.8m | 18.0% | PE21.8x | |
| 2285 Arabian Mills for Food Products | ر.س53.50 | 1.1% +ر.س30.8m | n/a | PE12.7x | |
| 9559 Balady Poultry | ر.س399.00 | 1.0% +ر.س26.3m | 166.4% | PE19.8x | |
| 9564 Horizon Food | ر.س45.00 | 7.4% +ر.س24.8m | -20.9% | PE38.9x | |
| 9556 Nofoth Food Products | ر.س17.82 | 0.7% +ر.س5.8m | 58.4% | PE17.9x |
