Some Investors May Be Willing To Look Past Arabian Drilling's (TADAWUL:2381) Soft Earnings
Aug 13
Saudi Arabian (Tadawul) Energy Services Industry Analysis
UpdatedAug 23, 2024
DataAggregated Company Financials
Companies2
- 7D-0.8%
- 3M7.6%
- 1Y-35.4%
- YTD-24.1%
Over the last 7 days, the Energy Services industry has risen 4.3%, driven by gains from every company within the industry. In the past year, the industry is down 37%. Looking forward, earnings are forecast to grow by 19% annually.
Industry Valuation and Performance
Has the Saudi Arabian Energy Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 23 Aug 2024 | ر.س33.7b | ر.س9.2b | ر.س1.1b | 28.7x | 29.6x | 3.7x |
| Sun, 21 Jul 2024 | ر.س35.2b | ر.س8.6b | ر.س1.2b | 30.8x | 30.3x | 4.1x |
| Tue, 18 Jun 2024 | ر.س33.9b | ر.س8.6b | ر.س1.2b | 29.7x | 29.2x | 4x |
| Thu, 16 May 2024 | ر.س32.3b | ر.س7.8b | ر.س1.0b | 32.6x | 30.9x | 4.1x |
| Sat, 13 Apr 2024 | ر.س35.1b | ر.س7.8b | ر.س1.0b | 35.3x | 33.5x | 4.5x |
| Mon, 11 Mar 2024 | ر.س37.2b | ر.س7.6b | ر.س1.0b | 38.7x | 37.2x | 4.9x |
| Wed, 07 Feb 2024 | ر.س36.3b | ر.س7.1b | ر.س1.1b | 34.9x | 34.4x | 5.1x |
| Fri, 05 Jan 2024 | ر.س44.5b | ر.س7.1b | ر.س1.1b | 43x | 42.2x | 6.3x |
| Sun, 03 Dec 2023 | ر.س39.1b | ر.س7.1b | ر.س1.1b | 37.8x | 37.2x | 5.5x |
| Tue, 31 Oct 2023 | ر.س35.7b | ر.س6.4b | ر.س1.1b | 35.8x | 33.6x | 5.6x |
| Thu, 28 Sep 2023 | ر.س16.9b | ر.س3.0b | ر.س631.8m | 26.7x | 26.7x | 5.6x |
| Sat, 26 Aug 2023 | ر.س16.7b | ر.س3.0b | ر.س631.8m | 26.4x | 26.4x | 5.5x |
| Mon, 24 Jul 2023 | ر.س14.3b | ر.س2.9b | ر.س605.6m | 23.9x | 23.7x | 5x |
| Wed, 21 Jun 2023 | ر.س14.0b | ر.س2.9b | ر.س605.6m | 23x | 23.2x | 4.9x |
| Fri, 19 May 2023 | ر.س13.7b | ر.س2.7b | ر.س557.7m | 24.4x | 24.5x | 5x |
| Sun, 16 Apr 2023 | ر.س13.0b | ر.س2.7b | ر.س557.7m | 23.3x | 23.3x | 4.8x |
| Tue, 14 Mar 2023 | ر.س12.9b | ر.س2.5b | ر.س539.3m | 23.7x | 23.9x | 5.1x |
| Thu, 09 Feb 2023 | ر.س12.4b | ر.س2.5b | ر.س539.3m | 23.1x | 23x | 4.9x |
| Sat, 07 Jan 2023 | ر.س10.3b | ر.س2.5b | ر.س539.3m | 19.1x | 19.1x | 4x |
| Mon, 05 Dec 2022 | ر.س10.3b | ر.س2.5b | ر.س539.3m | 19.2x | 19.2x | 4.1x |
| Fri, 11 Feb 2022 | ر.س1.6b | ر.س0 | ر.س0 | n/a | n/a | n/a |
Price to Earnings Ratio
n/a
Current Industry PE
- There are only 2 companies in the Saudi Energy Services industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings GrowthThere is insufficient data in this particular industry to determine past growth rates.
Industry Trends
Which industries have driven the changes within the Saudi Arabian Energy industry?
| SA Market | -0.37% | |
| Energy | -1.93% | |
| Energy Services | -0.76% | |
| Oil and Gas Services | 0% | |
| Oil and Gas Drilling | -0.76% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Drilling industry, which is trading close to its 3-year average PE ratio of 29.0x.
- Analysts are expecting annual earnings growth of 18.5%, which is higher than its past year's earnings growth of 13.4% per year.
- Investors are most pessimistic about the Oil and Gas Drilling industry, which is trading close to its 3-year average of 29.0x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Drilling industry, expecting annual earnings growth of 19% over the next 5 years.
- This is better than its past earnings growth rate of 13% per year.
- In contrast, the Oil and Gas Drilling industry is expected to see its earnings grow by 19% 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 | |
|---|---|---|---|---|---|
| 2381 Arabian Drilling | ر.س121.00 | 2.4% +ر.س249.2m | -35.4% | PE22x |