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Saudi Arabian (Tadawul) Financials Sector Analysis
UpdatedDec 20, 2024
DataAggregated Company Financials
Companies50
- 7D-2.6%
- 3M-2.3%
- 1Y1.5%
- YTD-2.1%
Over the last 7 days, the Financials industry has dropped 1.9%, driven by Al Rajhi Banking and Investment declining 4.0%. In contrast, United International Holding has gained 10%. As for the longer term, the industry's performance has been flat for the past year. Looking forward, earnings are forecast to grow by 11% annually.
Sector Valuation and Performance
Has the Saudi Arabian Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 20 Dec 2024 | ر.س1.1t | ر.س197.1b | ر.س79.8b | 17.5x | 13.9x | 5.6x |
| Sun, 17 Nov 2024 | ر.س1.1t | ر.س196.2b | ر.س79.7b | 17x | 13.7x | 5.6x |
| Tue, 15 Oct 2024 | ر.س1.1t | ر.س190.8b | ر.س77.1b | 18.5x | 14.2x | 5.7x |
| Thu, 12 Sep 2024 | ر.س1.1t | ر.س190.8b | ر.س77.1b | 18.8x | 14.3x | 5.8x |
| Sat, 10 Aug 2024 | ر.س1.1t | ر.س188.3b | ر.س76.0b | 18.5x | 14.5x | 5.8x |
| Mon, 08 Jul 2024 | ر.س1.1t | ر.س185.9b | ر.س74.4b | 16.7x | 14.6x | 5.8x |
| Wed, 05 Jun 2024 | ر.س1.1t | ر.س185.0b | ر.س74.2b | 16.6x | 14.4x | 5.8x |
| Fri, 03 May 2024 | ر.س1.1t | ر.س182.3b | ر.س73.0b | 19.7x | 15.3x | 6.1x |
| Sun, 31 Mar 2024 | ر.س1.2t | ر.س180.8b | ر.س72.4b | 18.9x | 16.3x | 6.5x |
| Tue, 27 Feb 2024 | ر.س1.2t | ر.س178.5b | ر.س72.3b | 17.8x | 16.6x | 6.7x |
| Thu, 25 Jan 2024 | ر.س1.2t | ر.س176.0b | ر.س71.6b | 17x | 16.3x | 6.6x |
| Sat, 23 Dec 2023 | ر.س1.1t | ر.س176.0b | ر.س71.6b | 17x | 15.1x | 6.1x |
| Mon, 20 Nov 2023 | ر.س1.0t | ر.س176.0b | ر.س71.5b | 15.6x | 14.2x | 5.8x |
| Wed, 18 Oct 2023 | ر.س921.5b | ر.س170.4b | ر.س69.7b | 17.4x | 13.2x | 5.4x |
| Fri, 15 Sep 2023 | ر.س990.3b | ر.س170.9b | ر.س69.7b | 19.4x | 14.2x | 5.8x |
| Sun, 13 Aug 2023 | ر.س1.0t | ر.س167.4b | ر.س68.7b | 22.3x | 15x | 6.1x |
| Tue, 11 Jul 2023 | ر.س1.1t | ر.س163.5b | ر.س66.8b | 22x | 15.8x | 6.4x |
| Thu, 08 Jun 2023 | ر.س1.0t | ر.س161.4b | ر.س66.4b | 24.1x | 15.7x | 6.5x |
| Sat, 06 May 2023 | ر.س1.0t | ر.س161.6b | ر.س70.6b | 18.8x | 14.5x | 6.3x |
| Mon, 03 Apr 2023 | ر.س983.2b | ر.س155.0b | ر.س68.7b | 17.9x | 14.3x | 6.3x |
| Wed, 01 Mar 2023 | ر.س942.5b | ر.س152.3b | ر.س67.7b | 17.1x | 13.9x | 6.2x |
| Fri, 27 Jan 2023 | ر.س1.1t | ر.س149.9b | ر.س65.3b | 19.7x | 16.1x | 7x |
| Sun, 25 Dec 2022 | ر.س1.0t | ر.س149.9b | ر.س65.3b | 19.9x | 15.5x | 6.7x |
| Tue, 22 Nov 2022 | ر.س1.1t | ر.س149.8b | ر.س65.3b | 20.7x | 17.1x | 7.5x |
| Thu, 20 Oct 2022 | ر.س1.2t | ر.س143.3b | ر.س61.6b | 22.6x | 19.4x | 8.4x |
| Sat, 17 Sep 2022 | ر.س1.2t | ر.س143.3b | ر.س61.6b | 23x | 19.6x | 8.4x |
| Mon, 15 Aug 2022 | ر.س1.3t | ر.س141.8b | ر.س61.8b | 23.6x | 20.6x | 9x |
| Wed, 13 Jul 2022 | ر.س1.2t | ر.س136.3b | ر.س58.1b | 22.7x | 20.1x | 8.6x |
| Fri, 10 Jun 2022 | ر.س1.3t | ر.س136.3b | ر.س58.1b | 25x | 21.9x | 9.3x |
| Sun, 08 May 2022 | ر.س1.4t | ر.س131.4b | ر.س55.9b | 28.8x | 25.6x | 10.9x |
| Tue, 05 Apr 2022 | ر.س1.3t | ر.س130.2b | ر.س49.8b | 27.4x | 26.1x | 10x |
| Thu, 03 Mar 2022 | ر.س1.3t | ر.س130.1b | ر.س49.5b | 27.3x | 25.8x | 9.8x |
| Sat, 29 Jan 2022 | ر.س1.2t | ر.س124.0b | ر.س46.5b | 26.7x | 26.5x | 9.9x |
| Mon, 27 Dec 2021 | ر.س1.1t | ر.س124.0b | ر.س46.5b | n/a | 23.7x | 8.9x |
Price to Earnings Ratio
23.7x
Current Industry PE
- Investors are pessimistic on the Saudi Financials 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 14.0x which is lower than its 3-year average PE of 17.3x.
- The 3-year average PS ratio of 7.1x is higher than the industry's current PS ratio of 5.7x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 20% per year over the last three years.
- Revenues for these companies have grown 17% 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 Financials sector?
| SA Market | 0.27% | |
| Financials | -2.59% | |
| Consumer Finance | 7.60% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Diversified Financial | -1.92% | |
| Capital Markets | -1.95% | |
| Insurance | -2.37% | |
| Banks | -2.73% | |
Industry PE
- Investors are most optimistic about the Capital Markets industry even though it's trading below its 3-year average PE ratio of 50.5x.
- Analysts are expecting annual earnings growth of 11.6%, which is lower than the prior year's growth of 27.5% per year.
- Investors are most pessimistic about the Banks industry, which is trading below its 3-year average of 16.8x.
Forecasted Growth
- Analysts are most optimistic on the Insurance industry, expecting annual earnings growth of 13% over the next 5 years.
- This is better than its past earnings decline of 6.9% per year.
- In contrast, the Diversified Financial industry is expected to see its earnings grow by 3.9% 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 | |
|---|---|---|---|---|---|
| 4083 United International Holding | ر.س172.60 | 11.4% +ر.س440.0m | n/a | PE20.3x | |
| 1050 Banque Saudi Fransi | ر.س33.10 | 0.3% +ر.س119.6m | -15.8% | PB0.9x | |
| 4081 Nayifat Finance | ر.س15.10 | 6.6% +ر.س112.8m | 0% | PE16.4x | |
| 1182 Amlak International Finance | ر.س12.26 | 1.8% +ر.س22.4m | -0.3% | PE34.7x | |
| 9602 Yaqeen Capital | ر.س26.25 | 5.7% +ر.س21.2m | n/a | PE41.9x |