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Saudi Arabian (Tadawul) Banks Industry Analysis
UpdatedDec 20, 2024
DataAggregated Company Financials
Companies10
- 7D-2.7%
- 3M-1.7%
- 1Y-1.0%
- YTD-4.9%
Over the last 7 days, the Banks industry has dropped 2.0%, driven by a pullback from Al Rajhi Banking and Investment of 3.4%. Over the last year, the industry has been flat overall. As for the next few years, earnings are expected to grow by 11% per annum.
Industry Valuation and Performance
Has the Saudi Arabian Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 20 Dec 2024 | ر.س937.5b | ر.س129.7b | ر.س73.0b | 10.1x | 12.8x | 7.2x |
| Sun, 17 Nov 2024 | ر.س926.4b | ر.س129.7b | ر.س73.0b | 9.9x | 12.7x | 7.1x |
| Tue, 15 Oct 2024 | ر.س920.3b | ر.س126.6b | ر.س70.8b | 10.3x | 13x | 7.3x |
| Thu, 12 Sep 2024 | ر.س925.3b | ر.س126.6b | ر.س70.8b | 10x | 13.1x | 7.3x |
| Sat, 10 Aug 2024 | ر.س936.0b | ر.س125.2b | ر.س70.2b | 10.5x | 13.3x | 7.5x |
| Mon, 08 Jul 2024 | ر.س912.4b | ر.س123.6b | ر.س68.6b | 10.8x | 13.3x | 7.4x |
| Wed, 05 Jun 2024 | ر.س905.7b | ر.س123.6b | ر.س68.6b | 10.9x | 13.2x | 7.3x |
| Fri, 03 May 2024 | ر.س949.8b | ر.س123.3b | ر.س68.0b | 11.7x | 14x | 7.7x |
| Sun, 31 Mar 2024 | ر.س1.0t | ر.س121.5b | ر.س67.3b | 12.4x | 15x | 8.3x |
| Tue, 27 Feb 2024 | ر.س1.0t | ر.س121.5b | ر.س67.3b | 12.5x | 15.5x | 8.6x |
| Thu, 25 Jan 2024 | ر.س1.0t | ر.س119.3b | ر.س66.6b | 12.8x | 15.5x | 8.6x |
| Sat, 23 Dec 2023 | ر.س947.4b | ر.س119.3b | ر.س66.6b | 11.7x | 14.2x | 7.9x |
| Mon, 20 Nov 2023 | ر.س882.3b | ر.س119.3b | ر.س66.6b | 11.1x | 13.3x | 7.4x |
| Wed, 18 Oct 2023 | ر.س793.3b | ر.س116.6b | ر.س65.3b | 10.8x | 12.1x | 6.8x |
| Fri, 15 Sep 2023 | ر.س858.8b | ر.س116.6b | ر.س65.3b | 11.5x | 13.1x | 7.4x |
| Sun, 13 Aug 2023 | ر.س900.8b | ر.س116.6b | ر.س65.3b | 12.3x | 13.8x | 7.7x |
| Tue, 11 Jul 2023 | ر.س919.6b | ر.س113.2b | ر.س63.6b | 14x | 14.5x | 8.1x |
| Thu, 08 Jun 2023 | ر.س918.4b | ر.س113.2b | ر.س63.6b | 13.7x | 14.4x | 8.1x |
| Sat, 06 May 2023 | ر.س905.7b | ر.س114.5b | ر.س62.0b | 14.2x | 14.6x | 7.9x |
| Mon, 03 Apr 2023 | ر.س871.3b | ر.س109.3b | ر.س60.5b | 13.8x | 14.4x | 8x |
| Wed, 01 Mar 2023 | ر.س836.1b | ر.س107.9b | ر.س59.6b | 13.5x | 14x | 7.7x |
| Fri, 27 Jan 2023 | ر.س941.5b | ر.س105.5b | ر.س57.2b | 15.3x | 16.5x | 8.9x |
| Sun, 25 Dec 2022 | ر.س908.5b | ر.س105.5b | ر.س57.2b | 16.1x | 15.9x | 8.6x |
| Tue, 22 Nov 2022 | ر.س1.0t | ر.س105.5b | ر.س57.2b | 17.9x | 17.7x | 9.6x |
| Thu, 20 Oct 2022 | ر.س1.1t | ر.س101.5b | ر.س54.2b | 19.4x | 19.9x | 10.6x |
| Sat, 17 Sep 2022 | ر.س1.1t | ر.س101.5b | ر.س54.2b | 18.9x | 20.1x | 10.7x |
| Mon, 15 Aug 2022 | ر.س1.2t | ر.س101.5b | ر.س54.2b | 20.4x | 21.3x | 11.4x |
| Wed, 13 Jul 2022 | ر.س1.1t | ر.س96.6b | ر.س50.5b | 20.5x | 20.9x | 10.9x |
| Fri, 10 Jun 2022 | ر.س1.2t | ر.س96.6b | ر.س50.5b | 22.8x | 22.8x | 11.9x |
| Sun, 08 May 2022 | ر.س1.3t | ر.س92.4b | ر.س48.0b | 27.7x | 27.3x | 14.2x |
| Tue, 05 Apr 2022 | ر.س1.2t | ر.س92.1b | ر.س47.8b | 23.7x | 24.7x | 12.8x |
| Thu, 03 Mar 2022 | ر.س1.2t | ر.س92.9b | ر.س47.3b | 22.8x | 24.4x | 12.4x |
| Sat, 29 Jan 2022 | ر.س1.1t | ر.س86.9b | ر.س44.4b | 24.4x | 25x | 12.8x |
| Mon, 27 Dec 2021 | ر.س988.2b | ر.س86.9b | ر.س44.4b | n/a | 22.2x | 11.4x |
Price to Earnings Ratio
22.2x
Current Industry PE
- Investors are pessimistic on the Saudi Banks 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 13.0x which is lower than its 3-year average PE of 16.8x.
- The 3-year average PS ratio of 9.1x is higher than the industry's current PS ratio of 7.3x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 18% per year over the last three years.
- Revenues for these companies have grown 14% 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 industry?
| SA Market | 0.27% | |
| Financials | -2.59% | |
| Banks | -2.73% | |
| Regional Banks | 0% | |
| Diversified Banks | -2.73% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 16.8x.
- Analysts are expecting annual earnings growth of 10.7%, which is lower than the prior year's growth of 13.9% per year.
- Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 16.8x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 11% over the next 5 years.
- However this is lower than its past earnings growth rate of 14% per year.
- In contrast, the Diversified Banks 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 | |
|---|---|---|---|---|---|
| 1050 Banque Saudi Fransi | ر.س33.10 | 0.3% +ر.س119.6m | -15.8% | PB0.9x |