Market Might Still Lack Some Conviction On The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (TADAWUL:8030) Even After 26% Share Price Boost
Apr 18
Saudi Arabian (Tadawul) Insurance Industry Analysis
UpdatedApr 24, 2024
DataAggregated Company Financials
Companies26
- 7D4.7%
- 3M26.0%
- 1Y69.2%
- YTD26.3%
Over the last 7 days, the Insurance industry has risen 4.7%, driven by gains from Al Rajhi Company for Cooperative Insurance of 19%. In the last 12 months, the industry was up 69%. 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 |
|---|---|---|---|---|---|---|
| Thu, 25 Apr 2024 | ر.س100.2b | ر.س54.4b | ر.س3.3b | 25.9x | 30.7x | 1.8x |
| Sat, 23 Mar 2024 | ر.س98.4b | ر.س52.7b | ر.س3.0b | 22.1x | 33.3x | 1.9x |
| Mon, 19 Feb 2024 | ر.س84.7b | ر.س51.7b | ر.س3.2b | 17.1x | 26.4x | 1.6x |
| Wed, 17 Jan 2024 | ر.س81.7b | ر.س52.1b | ر.س3.2b | 19.5x | 25.4x | 1.6x |
| Fri, 15 Dec 2023 | ر.س76.5b | ر.س52.1b | ر.س3.2b | 16.5x | 23.8x | 1.5x |
| Sun, 12 Nov 2023 | ر.س72.9b | ر.س51.6b | ر.س3.0b | 19.1x | 24.7x | 1.4x |
| Tue, 10 Oct 2023 | ر.س70.8b | ر.س49.2b | ر.س2.6b | 20.5x | 27.5x | 1.4x |
| Thu, 07 Sep 2023 | ر.س76.7b | ر.س48.9b | ر.س2.4b | 24x | 31.7x | 1.6x |
| Sat, 05 Aug 2023 | ر.س67.1b | ر.س46.0b | ر.س1.4b | 33.8x | 47.6x | 1.5x |
| Mon, 03 Jul 2023 | ر.س69.9b | ر.س44.8b | ر.س966.9m | 39.3x | 72.3x | 1.6x |
| Wed, 31 May 2023 | ر.س63.7b | ر.س42.6b | ر.س746.4m | 42.8x | 85.4x | 1.5x |
| Fri, 28 Apr 2023 | ر.س59.6b | ر.س42.6b | ر.س771.8m | 38.4x | 77.2x | 1.4x |
| Sun, 26 Mar 2023 | ر.س56.0b | ر.س41.2b | ر.س207.4m | 37x | 269.9x | 1.4x |
| Tue, 21 Feb 2023 | ر.س53.8b | ر.س39.9b | -ر.س4,702,647.00 | 37.6x | -11437.9x | 1.3x |
| Thu, 19 Jan 2023 | ر.س50.3b | ر.س39.9b | -ر.س4,702,647.00 | 35.3x | -10704.7x | 1.3x |
| Sat, 17 Dec 2022 | ر.س49.4b | ر.س39.9b | -ر.س4,702,647.00 | 33.4x | -10497.4x | 1.2x |
| Mon, 14 Nov 2022 | ر.س49.3b | ر.س39.2b | -ر.س110,781,224.00 | 31.6x | -445x | 1.3x |
| Wed, 12 Oct 2022 | ر.س50.4b | ر.س37.6b | -ر.س448,567,685.00 | 69.8x | -112.3x | 1.3x |
| Fri, 09 Sep 2022 | ر.س49.8b | ر.س37.6b | -ر.س448,567,685.00 | 72.2x | -111.1x | 1.3x |
| Sun, 07 Aug 2022 | ر.س48.4b | ر.س35.9b | -ر.س324,410,890.00 | 41.8x | -149.2x | 1.3x |
| Tue, 05 Jul 2022 | ر.س46.1b | ر.س35.9b | -ر.س324,410,890.00 | 36.6x | -142x | 1.3x |
| Thu, 02 Jun 2022 | ر.س49.7b | ر.س35.8b | -ر.س270,420,696.00 | 39.7x | -183.8x | 1.4x |
| Sat, 30 Apr 2022 | ر.س52.8b | ر.س34.6b | -ر.س45,304,259.00 | 35.8x | -1165x | 1.5x |
| Mon, 28 Mar 2022 | ر.س56.9b | ر.س34.7b | ر.س281.4m | 40.6x | 202.1x | 1.6x |
| Wed, 23 Feb 2022 | ر.س58.1b | ر.س34.0b | ر.س567.2m | 44.6x | 102.4x | 1.7x |
| Fri, 21 Jan 2022 | ر.س54.6b | ر.س34.0b | ر.س568.2m | 46.9x | 96x | 1.6x |
| Sun, 19 Dec 2021 | ر.س55.2b | ر.س34.0b | ر.س568.2m | 34.2x | 97.1x | 1.6x |
| Tue, 16 Nov 2021 | ر.س56.3b | ر.س34.0b | ر.س686.5m | 40.1x | 82x | 1.7x |
| Thu, 14 Oct 2021 | ر.س56.8b | ر.س33.5b | ر.س897.6m | 47.7x | 63.3x | 1.7x |
| Sat, 11 Sep 2021 | ر.س62.5b | ر.س33.5b | ر.س897.6m | 50.7x | 69.6x | 1.9x |
| Mon, 09 Aug 2021 | ر.س66.0b | ر.س33.5b | ر.س897.6m | 55.5x | 73.5x | 2x |
| Sun, 02 May 2021 | ر.س52.5b | ر.س32.7b | ر.س1.5b | 31.6x | 35.6x | 1.6x |
Price to Earnings Ratio
35.6x
Current Industry PE
- Investors are optimistic on the Saudi Insurance industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 30.7x 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 1.8x.
Past Earnings Growth
- The earnings for companies in the Insurance industry have grown 30% per year over the last three years.
- Revenues for these companies have grown 18% 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 | 0.39% | |
| Financials | -1.02% | |
| Insurance | 4.72% | |
| Property and Casualty Insurance | 13.02% | |
| General Insurance | 7.17% | |
| Reinsurance | 5.64% | |
| Life and Health Insurance | 0.43% | |
| Insurance Brokers | 0% | |
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 31.1% and investors are willing to pay a premium for that growth.
- Investors are most pessimistic about the Reinsurance industry, which is trading below its 3-year average of 34.2x.
Forecasted Growth
- Analysts are most optimistic on the Property and Casualty Insurance industry, expecting annual earnings growth of 31% over the next 5 years.
- In contrast, the Reinsurance industry is expected to see its earnings decline by 5.4% 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 | |
|---|---|---|---|---|---|
| 8230 Al Rajhi Company for Cooperative Insurance | ر.س138.00 | 30.7% +ر.س3.2b | 233.0% | PE42.1x | |
| 8210 Bupa Arabia for Cooperative Insurance | ر.س248.00 | 6.3% +ر.س2.2b | 40.3% | PE39.4x | |
| 8010 Company for Cooperative Insurance | ر.س158.80 | 5.9% +ر.س1.3b | 83.2% | PE38.6x | |
| 8060 Walaa Cooperative Insurance | ر.س29.70 | 9.8% +ر.س225.4m | 106.0% | PE17.1x | |
| 8070 Arabian Shield Cooperative Insurance | ر.س23.02 | 7.7% +ر.س130.9m | 36.2% | PE41.6x |
