Is Now The Time To Put Al Rajhi Company for Cooperative Insurance (TADAWUL:8230) On Your Watchlist?
Jul 23
Saudi Arabian (Tadawul) Insurance Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies27
- 7D-0.5%
- 3M5.1%
- 1Y48.7%
- YTD32.2%
The Insurance industry has stayed flat over the last week. The past year has been better, since the industry has gained 49% in that time. Earnings are forecast to grow by 18% annually.
Industry Valuation and Performance
Has the Saudi Arabian Insurance Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | ر.س109.4b | ر.س57.1b | ر.س3.7b | 23.8x | 29.6x | 1.9x |
| Sun, 23 Jun 2024 | ر.س99.7b | ر.س57.1b | ر.س3.7b | 22.2x | 27x | 1.7x |
| Tue, 21 May 2024 | ر.س94.3b | ر.س55.8b | ر.س3.6b | 23.9x | 26.5x | 1.7x |
| Thu, 18 Apr 2024 | ر.س93.5b | ر.س54.4b | ر.س3.3b | 23.5x | 28.7x | 1.7x |
| Sat, 16 Mar 2024 | ر.س100.2b | ر.س52.7b | ر.س3.0b | 21.5x | 33.9x | 1.9x |
| Mon, 12 Feb 2024 | ر.س80.2b | ر.س51.7b | ر.س3.2b | 16.7x | 25x | 1.6x |
| Wed, 10 Jan 2024 | ر.س82.0b | ر.س52.1b | ر.س3.2b | 18.1x | 25.5x | 1.6x |
| Fri, 08 Dec 2023 | ر.س76.3b | ر.س52.1b | ر.س3.2b | 17.1x | 23.7x | 1.5x |
| Sun, 05 Nov 2023 | ر.س74.9b | ر.س49.2b | ر.س2.6b | 20.3x | 29x | 1.5x |
| Tue, 03 Oct 2023 | ر.س74.6b | ر.س49.4b | ر.س2.6b | 21.4x | 28.9x | 1.5x |
| Thu, 31 Aug 2023 | ر.س73.3b | ر.س48.4b | ر.س2.4b | 21.8x | 31x | 1.5x |
| Sat, 29 Jul 2023 | ر.س70.3b | ر.س46.1b | ر.س1.4b | 35.4x | 49.9x | 1.5x |
| Mon, 26 Jun 2023 | ر.س69.0b | ر.س44.7b | ر.س957.3m | 38.7x | 72.1x | 1.5x |
| Wed, 24 May 2023 | ر.س64.7b | ر.س42.6b | ر.س746.4m | 41.9x | 86.7x | 1.5x |
| Fri, 21 Apr 2023 | ر.س59.0b | ر.س42.6b | ر.س771.8m | 37.4x | 76.5x | 1.4x |
| Sun, 19 Mar 2023 | ر.س53.5b | ر.س41.2b | ر.س207.4m | 38.2x | 258x | 1.3x |
| Tue, 14 Feb 2023 | ر.س54.1b | ر.س39.9b | -ر.س4,702,647.00 | 37.6x | -11500.4x | 1.4x |
| Thu, 12 Jan 2023 | ر.س49.3b | ر.س39.9b | -ر.س4,702,647.00 | 33.6x | -10488.3x | 1.2x |
| Sat, 10 Dec 2022 | ر.س47.1b | ر.س39.9b | -ر.س4,702,647.00 | 33.1x | -10009.4x | 1.2x |
| Mon, 07 Nov 2022 | ر.س52.2b | ر.س38.3b | -ر.س384,071,570.00 | 70x | -135.9x | 1.4x |
| Wed, 05 Oct 2022 | ر.س51.7b | ر.س37.6b | -ر.س448,567,685.00 | 71.1x | -115.2x | 1.4x |
| Fri, 02 Sep 2022 | ر.س50.1b | ر.س37.5b | -ر.س363,057,518.00 | 69.7x | -137.9x | 1.3x |
| Sun, 31 Jul 2022 | ر.س46.7b | ر.س35.9b | -ر.س324,410,890.00 | 40x | -144x | 1.3x |
| Tue, 28 Jun 2022 | ر.س47.4b | ر.س35.9b | -ر.س324,410,890.00 | 39x | -146.1x | 1.3x |
| Thu, 26 May 2022 | ر.س47.3b | ر.س35.7b | -ر.س251,125,259.00 | 37.1x | -188.4x | 1.3x |
| Sat, 23 Apr 2022 | ر.س52.8b | ر.س34.6b | -ر.س45,304,259.00 | 36.4x | -1166.1x | 1.5x |
| Mon, 21 Mar 2022 | ر.س56.5b | ر.س34.7b | ر.س388.5m | 37x | 145.5x | 1.6x |
| Wed, 16 Feb 2022 | ر.س58.7b | ر.س34.0b | ر.س568.2m | 44.6x | 103.3x | 1.7x |
| Fri, 14 Jan 2022 | ر.س54.1b | ر.س34.0b | ر.س568.2m | 33x | 95.2x | 1.6x |
| Sun, 12 Dec 2021 | ر.س54.0b | ر.س34.0b | ر.س575.4m | 32.1x | 93.9x | 1.6x |
| Tue, 09 Nov 2021 | ر.س56.7b | ر.س33.9b | ر.س839.8m | 46.2x | 67.5x | 1.7x |
| Thu, 07 Oct 2021 | ر.س58.0b | ر.س33.5b | ر.س897.6m | 48.6x | 64.6x | 1.7x |
| Sat, 04 Sep 2021 | ر.س63.0b | ر.س33.5b | ر.س897.6m | 52.3x | 70.2x | 1.9x |
| Mon, 02 Aug 2021 | ر.س59.6b | ر.س33.5b | ر.س897.6m | 55.6x | 66.4x | 1.8x |
Price to Earnings Ratio
66.4x
Current Industry PE
- Investors are pessimistic on the Saudi Insurance 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 29.6x which is higher than its 3-year average PE of -1kx.
- The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 1.9x.
Past Earnings Growth
- The earnings for companies in the Insurance industry have grown 60% per year over the last three years.
- Revenues for these companies have grown 19% 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 | -1.45% | |
| Financials | -0.95% | |
| Insurance | -0.50% | |
| Reinsurance | 5.84% | |
| General Insurance | 1.08% | |
| Insurance Brokers | 0% | |
| Property and Casualty Insurance | -2.33% | |
| Life and Health Insurance | -2.78% | |
Industry PE
- Investors are most optimistic about the Property and Casualty Insurance industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 77.3%, which is higher than its past year's earnings decline of 86.0% per year.
- Investors are most pessimistic about the Reinsurance industry, which is trading below its 3-year average of 33.7x.
Forecasted Growth
- Analysts are most optimistic on the Property and Casualty Insurance industry, expecting annual earnings growth of 77% over the next 5 years.
- This is better than its past earnings decline of 86% per year.
- In contrast, the Reinsurance 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 | |
|---|---|---|---|---|---|
| 8010 Company for Cooperative Insurance | ر.س150.20 | 0.8% +ر.س180.0m | 16.6% | PE30.5x | |
| 8200 Saudi Reinsurance | ر.س31.35 | 4.7% +ر.س124.7m | 69.3% | PE19.3x | |
| 8230 Al Rajhi Company for Cooperative Insurance | ر.س212.00 | 0.5% +ر.س100.0m | 263.5% | PE56.1x | |
| 8300 Wataniya Insurance | ر.س32.80 | 3.3% +ر.س42.0m | 67.5% | PE13.5x | |
| 8160 Arabia Insurance Cooperative | ر.س15.54 | 4.2% +ر.س32.9m | 12.8% | PE13.5x |
