Benign Growth For The Company for Cooperative Insurance (TADAWUL:8010) Underpins Its Share Price
Nov 26
Have your own idea? Try our Stock Screener
Saudi Arabian (Tadawul) Insurance Industry Analysis
UpdatedDec 20, 2024
DataAggregated Company Financials
Companies27
- 7D-2.4%
- 3M-5.6%
- 1Y18.7%
- YTD16.3%
Over the last 7 days, the Insurance industry has dropped 2.4%, driven by declines in Bupa Arabia for Cooperative Insurance and Al Rajhi Company for Cooperative Insurance of 3.2% and 5.4%, respectively. Over the past 12 months, the industry was up 18%. As for the next few years, earnings are expected to grow by 13% per annum.
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, 20 Dec 2024 | ر.س96.1b | ر.س61.5b | ر.س4.2b | 18x | 23x | 1.6x |
| Sun, 17 Nov 2024 | ر.س91.8b | ر.س61.0b | ر.س4.2b | 19.8x | 22x | 1.5x |
| Tue, 15 Oct 2024 | ر.س95.8b | ر.س59.0b | ر.س3.9b | 23x | 24.8x | 1.6x |
| Thu, 12 Sep 2024 | ر.س103.2b | ر.س59.0b | ر.س3.8b | 24.8x | 26.9x | 1.8x |
| Sat, 10 Aug 2024 | ر.س99.6b | ر.س57.8b | ر.س3.7b | 20.5x | 26.8x | 1.7x |
| Mon, 08 Jul 2024 | ر.س108.8b | ر.س57.1b | ر.س3.7b | 22.5x | 29.5x | 1.9x |
| Wed, 05 Jun 2024 | ر.س95.4b | ر.س56.3b | ر.س3.6b | 22.3x | 26.6x | 1.7x |
| Fri, 03 May 2024 | ر.س101.3b | ر.س54.1b | ر.س3.3b | 25.4x | 31.1x | 1.9x |
| Sun, 31 Mar 2024 | ر.س100.2b | ر.س54.5b | ر.س3.2b | 20.4x | 30.9x | 1.8x |
| Tue, 27 Feb 2024 | ر.س88.4b | ر.س52.4b | ر.س3.1b | 18x | 28.4x | 1.7x |
| Thu, 25 Jan 2024 | ر.س79.5b | ر.س52.1b | ر.س3.2b | 19x | 24.7x | 1.5x |
| Sat, 23 Dec 2023 | ر.س76.3b | ر.س52.1b | ر.س3.2b | 16.6x | 23.7x | 1.5x |
| Mon, 20 Nov 2023 | ر.س74.9b | ر.س52.1b | ر.س3.1b | 19.3x | 24x | 1.4x |
| Wed, 18 Oct 2023 | ر.س73.4b | ر.س49.2b | ر.س2.6b | 19.9x | 28.5x | 1.5x |
| Fri, 15 Sep 2023 | ر.س73.4b | ر.س49.4b | ر.س2.6b | 21.7x | 28.6x | 1.5x |
| Sun, 13 Aug 2023 | ر.س69.9b | ر.س46.0b | ر.س1.4b | 33.6x | 49.6x | 1.5x |
| Tue, 11 Jul 2023 | ر.س72.3b | ر.س45.5b | ر.س1.2b | 38.8x | 59.7x | 1.6x |
| Thu, 08 Jun 2023 | ر.س66.9b | ر.س43.7b | ر.س850.9m | 40.7x | 78.6x | 1.5x |
| Sat, 06 May 2023 | ر.س59.8b | ر.س42.6b | ر.س746.4m | 37.7x | 80.1x | 1.4x |
| Mon, 03 Apr 2023 | ر.س58.5b | ر.س41.2b | ر.س207.4m | 39.7x | 282.2x | 1.4x |
| Wed, 01 Mar 2023 | ر.س54.1b | ر.س39.9b | -ر.س4,702,647.00 | 36.6x | -11506.8x | 1.4x |
| Fri, 27 Jan 2023 | ر.س52.3b | ر.س39.9b | -ر.س4,702,647.00 | 37.7x | -11129.1x | 1.3x |
| Sun, 25 Dec 2022 | ر.س44.6b | ر.س39.9b | -ر.س4,702,647.00 | 33.4x | -9494.6x | 1.1x |
| Tue, 22 Nov 2022 | ر.س50.1b | ر.س39.8b | ر.س7.8m | 33.7x | 6417.9x | 1.3x |
| Thu, 20 Oct 2022 | ر.س51.4b | ر.س37.6b | -ر.س448,567,685.00 | 72.3x | -114.6x | 1.4x |
| Sat, 17 Sep 2022 | ر.س50.4b | ر.س37.6b | -ر.س448,567,685.00 | 69.9x | -112.3x | 1.3x |
| Mon, 15 Aug 2022 | ر.س48.8b | ر.س36.5b | -ر.س321,346,890.00 | 40.8x | -152x | 1.3x |
| Wed, 13 Jul 2022 | ر.س46.9b | ر.س35.9b | -ر.س324,410,890.00 | 37.8x | -144.5x | 1.3x |
| Fri, 10 Jun 2022 | ر.س51.3b | ر.س35.9b | -ر.س324,410,890.00 | 42.3x | -158.2x | 1.4x |
| Sun, 08 May 2022 | ر.س52.8b | ر.س35.0b | -ر.س82,770,259.00 | 35.8x | -637.7x | 1.5x |
| Tue, 05 Apr 2022 | ر.س56.3b | ر.س34.6b | ر.س38.7m | 40.4x | 1452.3x | 1.6x |
| Thu, 03 Mar 2022 | ر.س56.9b | ر.س34.2b | ر.س623.4m | 42.6x | 91.2x | 1.7x |
| Sat, 29 Jan 2022 | ر.س55.7b | ر.س34.0b | ر.س568.2m | 45.9x | 98.1x | 1.6x |
| Mon, 27 Dec 2021 | ر.س53.8b | ر.س34.0b | ر.س568.2m | n/a | 94.7x | 1.6x |
Price to Earnings Ratio
94.7x
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 23.1x which is higher than its 3-year average PE of -1kx.
- The industry is trading close to its 3-year average PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the Insurance industry have grown 94% per year over the last three years.
- Revenues for these companies have grown 22% 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% | |
| Insurance | -2.37% | |
| Insurance Brokers | 0% | |
| Reinsurance | -0.75% | |
| Property and Casualty Insurance | -1.70% | |
| Life and Health Insurance | -2.23% | |
| General Insurance | -3.30% | |
Industry PE
- Investors are most optimistic about the Property and Casualty Insurance industry which is trading above its 3-year average PE ratio of 0.36x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Reinsurance industry, which is trading below its 3-year average of 32.8x.
Forecasted Growth
- Analysts are most optimistic on the General Insurance industry, expecting annual earnings growth of 29% over the next 5 years.
- This is better than its past earnings decline of 12% per year.
- In contrast, the Reinsurance industry is expected to see its earnings decline by 70% 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 | |
|---|---|---|---|---|---|
| 8060 Walaa Cooperative Insurance | ر.س18.20 | 1.2% +ر.س18.7m | -2.9% | PE11.9x | |
| 8240 Chubb Arabia Cooperative Insurance | ر.س48.45 | 0.9% +ر.س13.5m | 111.6% | PE74.8x | |
| 8160 Arabia Insurance Cooperative | ر.س12.98 | 1.1% +ر.س7.4m | -11.1% | PE15.3x |