Investors Don't See Light At End Of Rabigh Refining and Petrochemical Company's (TADAWUL:2380) Tunnel
Jul 21
Saudi Arabian (Tadawul) Energy Sector Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies7
- 7D-1.6%
- 3M-6.9%
- 1Y-13.2%
- YTD-15.3%
Over the last 7 days, the Energy industry has dropped 1.2%, driven by a pullback from Saudi Arabian Oil of 1.4%. On the other hand Rabigh Refining and Petrochemical is actually up 5.2%. The industry has fallen 13% in the last year. Looking forward, earnings are expected to remain mostly flat in the next few years.
Sector Valuation and Performance
Has the Saudi Arabian Energy Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | ر.س6.9t | ر.س1.9t | ر.س436.6b | 29.7x | 15.7x | 3.6x |
| Sun, 23 Jun 2024 | ر.س6.8t | ر.س1.9t | ر.س436.6b | 29.7x | 15.5x | 3.6x |
| Tue, 21 May 2024 | ر.س7.3t | ر.س1.9t | ر.س436.6b | 27.8x | 16.7x | 3.8x |
| Thu, 18 Apr 2024 | ر.س7.3t | ر.س1.9t | ر.س451.0b | 35x | 16.3x | 3.8x |
| Sat, 16 Mar 2024 | ر.س7.6t | ر.س1.9t | ر.س450.7b | 38.7x | 17x | 4x |
| Mon, 12 Feb 2024 | ر.س7.4t | ر.س2.0t | ر.س473.2b | 34.6x | 15.7x | 3.8x |
| Wed, 10 Jan 2024 | ر.س8.1t | ر.س2.0t | ر.س473.2b | 38.1x | 17.2x | 4.2x |
| Fri, 08 Dec 2023 | ر.س8.1t | ر.س2.0t | ر.س473.2b | 33.3x | 17.1x | 4.1x |
| Sun, 05 Nov 2023 | ر.س8.1t | ر.س2.1t | ر.س505.5b | 27.9x | 16x | 3.9x |
| Tue, 03 Oct 2023 | ر.س8.3t | ر.س2.1t | ر.س505.1b | 26.8x | 16.5x | 4x |
| Thu, 31 Aug 2023 | ر.س8.5t | ر.س2.1t | ر.س505.1b | 26.5x | 16.8x | 4.1x |
| Sat, 29 Jul 2023 | ر.س7.9t | ر.س2.3t | ر.س572.2b | 24.5x | 13.8x | 3.4x |
| Mon, 26 Jun 2023 | ر.س7.9t | ر.س2.3t | ر.س572.2b | 22.6x | 13.7x | 3.4x |
| Wed, 24 May 2023 | ر.س7.8t | ر.س2.3t | ر.س573.4b | 25.2x | 13.6x | 3.4x |
| Fri, 21 Apr 2023 | ر.س7.7t | ر.س2.3t | ر.س598.0b | 23.6x | 12.8x | 3.3x |
| Sun, 19 Mar 2023 | ر.س6.9t | ر.س2.3t | ر.س600.2b | 19.1x | 11.4x | 2.9x |
| Tue, 14 Feb 2023 | ر.س7.3t | ر.س2.3t | ر.س591.0b | 24.1x | 12.4x | 3.2x |
| Thu, 12 Jan 2023 | ر.س7.1t | ر.س2.3t | ر.س591.0b | 23.1x | 11.9x | 3.1x |
| Sat, 10 Dec 2022 | ر.س7.0t | ر.س2.3t | ر.س591.0b | 20.8x | 11.8x | 3x |
| Mon, 07 Nov 2022 | ر.س7.7t | ر.س2.3t | ر.س590.7b | 25.1x | 13.1x | 3.3x |
| Wed, 05 Oct 2022 | ر.س8.0t | ر.س2.1t | ر.س544.8b | 25x | 14.6x | 3.8x |
| Fri, 02 Sep 2022 | ر.س8.2t | ر.س2.1t | ر.س544.8b | 24.7x | 15.1x | 3.9x |
| Sun, 31 Jul 2022 | ر.س8.8t | ر.س1.8t | ر.س461.2b | 25.8x | 19x | 4.9x |
| Tue, 28 Jun 2022 | ر.س8.3t | ر.س1.8t | ر.س461.2b | 25.1x | 18x | 4.7x |
| Thu, 26 May 2022 | ر.س9.0t | ر.س1.8t | ر.س461.2b | 27.8x | 19.4x | 5x |
| Sat, 23 Apr 2022 | ر.س8.6t | ر.س1.6t | ر.س397.6b | 29.6x | 21.7x | 5.5x |
| Mon, 21 Mar 2022 | ر.س8.7t | ر.س1.4t | ر.س332.7b | 52.6x | 26.1x | 6.4x |
| Wed, 16 Feb 2022 | ر.س7.5t | ر.س1.4t | ر.س332.3b | 54.5x | 22.5x | 5.5x |
| Fri, 14 Jan 2022 | ر.س7.3t | ر.س1.4t | ر.س332.3b | 52.7x | 22x | 5.4x |
| Sun, 12 Dec 2021 | ر.س7.0t | ر.س1.4t | ر.س332.3b | 31.8x | 21x | 5.2x |
| Tue, 09 Nov 2021 | ر.س7.5t | ر.س1.4t | ر.س332.3b | 35.4x | 22.7x | 5.6x |
| Thu, 07 Oct 2021 | ر.س7.5t | ر.س1.2t | ر.س267.0b | 31.3x | 27.9x | 6.4x |
| Sat, 04 Sep 2021 | ر.س7.1t | ر.س1.2t | ر.س267.0b | 31.7x | 26.4x | 6x |
| Mon, 02 Aug 2021 | ر.س7.0t | ر.س1.2t | ر.س267.0b | 32.4x | 26.3x | 6x |
Price to Earnings Ratio
26.3x
Current Industry PE
- Investors are pessimistic on the Saudi Energy 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 15.7x which is lower than its 3-year average PE of 17.6x.
- The 3-year average PS ratio of 4.3x is higher than the industry's current PS ratio of 3.6x.
Past Earnings Growth
- The earnings for companies in the Energy industry have grown 18% per year over the last three years.
- Revenues for these companies have grown 18% 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 Energy sector?
| SA Market | -1.45% | |
| Energy | -1.57% | |
| Oil and Gas | -1.57% | |
| Energy Services | -2.06% | |
Industry PE
- Investors are most optimistic about the Energy Services industry which is trading above its 3-year average PE ratio of 20.2x.
- Analysts are expecting annual earnings growth of 16.4%, which is higher than its past year's earnings growth of 14.6% per year.
- Investors are most pessimistic about the Oil and Gas industry, which is trading below its 3-year average of 17.6x.
Forecasted Growth
- Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 16% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Oil and Gas 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 | |
|---|---|---|---|---|---|
| 2380 Rabigh Refining and Petrochemical | ر.س7.13 | 5.2% +ر.س584.9m | -32.2% | PS0.3x | |
| 4030 National Shipping Company of Saudi Arabia | ر.س27.55 | 0.7% +ر.س147.7m | 24.3% | PE12.9x |