Do Alinma Bank's (TADAWUL:1150) Earnings Warrant Your Attention?
Nov 11
Saudi Arabian (Tadawul) Banks Industry Analysis
UpdatedDec 02, 2023
DataAggregated Company Financials
Companies10
- 7D1.3%
- 3M-1.6%
- 1Y-10.1%
- YTD-6.2%
The Banks industry is up 1.3% in the last week, with Al Rajhi Banking and Investment up 1.9%. In the past year, the industry is down 10%. Earnings are forecast to grow by 9.4% annually.
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 |
|---|---|---|---|---|---|---|
| Sat, 02 Dec 2023 | ر.س884.3b | ر.س119.3b | ر.س66.6b | 11x | 13.3x | 7.4x |
| Mon, 30 Oct 2023 | ر.س792.7b | ر.س130.2b | ر.س66.6b | 10.5x | 11.9x | 6.1x |
| Wed, 27 Sep 2023 | ر.س841.2b | ر.س116.6b | ر.س65.3b | 11.5x | 12.9x | 7.2x |
| Fri, 25 Aug 2023 | ر.س892.1b | ر.س116.6b | ر.س65.3b | 12.1x | 13.7x | 7.7x |
| Sun, 23 Jul 2023 | ر.س954.6b | ر.س113.2b | ر.س63.6b | 14.8x | 15x | 8.4x |
| Tue, 20 Jun 2023 | ر.س914.1b | ر.س113.2b | ر.س63.6b | 14x | 14.4x | 8.1x |
| Thu, 18 May 2023 | ر.س916.8b | ر.س115.0b | ر.س62.1b | 14.4x | 14.8x | 8x |
| Sat, 15 Apr 2023 | ر.س911.6b | ر.س109.7b | ر.س61.4b | 14.4x | 14.8x | 8.3x |
| Mon, 13 Mar 2023 | ر.س879.5b | ر.س109.3b | ر.س60.6b | 13.6x | 14.5x | 8x |
| Wed, 08 Feb 2023 | ر.س897.8b | ر.س105.5b | ر.س57.2b | 14.8x | 15.7x | 8.5x |
| Fri, 06 Jan 2023 | ر.س935.4b | ر.س105.5b | ر.س57.2b | 16.4x | 16.4x | 8.9x |
| Sun, 04 Dec 2022 | ر.س983.1b | ر.س105.5b | ر.س57.2b | 17.5x | 17.2x | 9.3x |
| Tue, 01 Nov 2022 | ر.س1.1t | ر.س103.3b | ر.س55.6b | 19.5x | 19.1x | 10.3x |
| Thu, 29 Sep 2022 | ر.س1.0t | ر.س101.5b | ر.س54.2b | 18x | 18.6x | 10x |
| Sat, 27 Aug 2022 | ر.س1.2t | ر.س101.5b | ر.س54.2b | 20.3x | 21.5x | 11.5x |
| Mon, 25 Jul 2022 | ر.س1.1t | ر.س96.6b | ر.س50.5b | 22.1x | 22.5x | 11.7x |
| Wed, 22 Jun 2022 | ر.س1.0t | ر.س96.6b | ر.س50.5b | 20.5x | 20.6x | 10.8x |
| Fri, 20 May 2022 | ر.س1.1t | ر.س96.5b | ر.س50.4b | 22.7x | 22.8x | 11.9x |
| Sun, 17 Apr 2022 | ر.س1.3t | ر.س92.1b | ر.س47.8b | 27x | 26.8x | 13.9x |
| Tue, 15 Mar 2022 | ر.س1.1t | ر.س92.5b | ر.س48.1b | 21.8x | 23.5x | 12.2x |
| Thu, 10 Feb 2022 | ر.س1.1t | ر.س86.9b | ر.س44.4b | 24.6x | 25.2x | 12.9x |
| Sat, 08 Jan 2022 | ر.س1.0t | ر.س86.9b | ر.س44.4b | 21.5x | 23x | 11.8x |
| Mon, 06 Dec 2021 | ر.س970.4b | ر.س86.9b | ر.س44.4b | 19.5x | 21.8x | 11.2x |
| Wed, 03 Nov 2021 | ر.س987.1b | ر.س86.4b | ر.س44.4b | n/a | 22.2x | 11.4x |
| Fri, 01 Oct 2021 | ر.س917.8b | ر.س82.5b | ر.س42.0b | 19.9x | 21.8x | 11.1x |
| Sun, 29 Aug 2021 | ر.س900.2b | ر.س82.5b | ر.س42.0b | 19.8x | 21.4x | 10.9x |
| Mon, 05 Jul 2021 | ر.س855.4b | ر.س82.5b | ر.س42.0b | 17.7x | 20.4x | 10.4x |
| Thu, 08 Apr 2021 | ر.س762.7b | ر.س85.7b | ر.س36.1b | 17.2x | 21.1x | 8.9x |
| Sun, 10 Jan 2021 | ر.س629.8b | ر.س83.4b | ر.س34.2b | 15.2x | 18.4x | 7.6x |
Price to Earnings Ratio
18.3x
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 13.3x which is lower than its 3-year average PE of 19.4x.
- The 3-year average PS ratio of 9.8x is higher than the industry's current PS ratio of 7.4x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 24% per year over the last three years.
- Revenues for these companies have grown 12% 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 | -0.14% | |
| Financials | 1.20% | |
| Banks | 1.34% | |
| Diversified Banks | 1.34% | |
| Regional Banks | 0% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 19.4x.
- Analysts are expecting annual earnings growth of 9.4%, which is lower than the prior year's growth of 17.8% per year.
- Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 19.4x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 9.4% over the next 5 years.
- However this is lower than its past earnings growth rate of 18% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 9.4% 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 | |
|---|---|---|---|---|---|
| 1120 Al Rajhi Banking and Investment | ر.س76.40 | 1.9% +ر.س5.6b | -4.6% | PB3x | |
| 1180 Saudi National Bank | ر.س34.95 | 1.7% +ر.س3.6b | -8.3% | PB1.2x | |
| 1150 Alinma Bank | ر.س35.80 | 2.0% +ر.س1.4b | 5.9% | PB2.1x | |
| 1060 Saudi Awwal Bank | ر.س34.75 | 1.0% +ر.س719.2m | -11.1% | PB1.3x | |
| 1140 Bank Albilad | ر.س38.25 | 1.6% +ر.س600.0m | -24.0% | PB2.6x |