Is Now The Time To Put Al Rajhi Company for Cooperative Insurance (TADAWUL:8230) On Your Watchlist?
Jul 23
Saudi Arabian (Tadawul) General Insurance Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies18
- 7D1.1%
- 3M11.4%
- 1Y61.2%
- YTDn/a
Over the last 7 days, the General Insurance industry has dropped 2.2%, driven by a pullback from Al Rajhi Company for Cooperative Insurance of 2.3%. This takes the industry's 12 month performance to a gain of 57%. As for the next few years, earnings are expected to grow by 18% per annum.
Industry Valuation and Performance
Has the Saudi Arabian General Insurance Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | ر.س63.1b | ر.س35.2b | ر.س2.3b | 16.8x | 27.8x | 1.8x |
| Sun, 23 Jun 2024 | ر.س54.5b | ر.س35.2b | ر.س2.3b | 15.3x | 24.1x | 1.5x |
| Tue, 21 May 2024 | ر.س52.7b | ر.س34.2b | ر.س2.2b | 14.8x | 24.3x | 1.5x |
| Thu, 18 Apr 2024 | ر.س52.8b | ر.س33.5b | ر.س2.1b | 19x | 25.6x | 1.6x |
| Sat, 16 Mar 2024 | ر.س56.9b | ر.س32.0b | ر.س1.8b | 20.8x | 31.3x | 1.8x |
| Mon, 12 Feb 2024 | ر.س42.3b | ر.س31.8b | ر.س2.0b | 15.6x | 21.5x | 1.3x |
| Wed, 10 Jan 2024 | ر.س43.3b | ر.س32.2b | ر.س2.0b | 16.4x | 21.9x | 1.3x |
| Fri, 08 Dec 2023 | ر.س40.2b | ر.س32.2b | ر.س2.0b | 15.9x | 20.3x | 1.2x |
| Sun, 05 Nov 2023 | ر.س38.9b | ر.س30.3b | ر.س1.3b | 20.3x | 30.5x | 1.3x |
| Tue, 03 Oct 2023 | ر.س38.8b | ر.س30.5b | ر.س1.3b | 21.4x | 30.5x | 1.3x |
| Thu, 31 Aug 2023 | ر.س37.9b | ر.س29.4b | ر.س1.1b | 21.8x | 35.7x | 1.3x |
| Sat, 29 Jul 2023 | ر.س39.4b | ر.س28.0b | ر.س455.7m | 35.4x | 86.5x | 1.4x |
| Mon, 26 Jun 2023 | ر.س36.5b | ر.س26.8b | ر.س167.3m | 45.4x | 218.4x | 1.4x |
| Wed, 24 May 2023 | ر.س33.0b | ر.س25.5b | ر.س84.7m | 51.1x | 389.3x | 1.3x |
| Fri, 21 Apr 2023 | ر.س27.7b | ر.س24.8b | ر.س82.2m | 45.9x | 336.4x | 1.1x |
| Sun, 19 Mar 2023 | ر.س26.4b | ر.س23.3b | -ر.س372,188,178.00 | 38.4x | -70.9x | 1.1x |
| Tue, 14 Feb 2023 | ر.س26.2b | ر.س23.1b | -ر.س412,919,178.00 | 37.9x | -63.4x | 1.1x |
| Thu, 12 Jan 2023 | ر.س23.4b | ر.س23.1b | -ر.س412,919,178.00 | 34.9x | -56.8x | 1x |
| Sat, 10 Dec 2022 | ر.س22.7b | ر.س23.1b | -ر.س412,919,178.00 | 34x | -54.9x | 1x |
| Mon, 07 Nov 2022 | ر.س25.2b | ر.س22.5b | -ر.س552,644,841.00 | 71.6x | -45.5x | 1.1x |
| Wed, 05 Oct 2022 | ر.س25.7b | ر.س21.8b | -ر.س628,285,508.00 | 71.7x | -40.8x | 1.2x |
| Fri, 02 Sep 2022 | ر.س24.8b | ر.س21.8b | -ر.س577,512,979.00 | 71.2x | -42.9x | 1.1x |
| Sun, 31 Jul 2022 | ر.س21.7b | ر.س20.9b | -ر.س572,504,628.00 | 41.1x | -38x | 1x |
| Tue, 28 Jun 2022 | ر.س22.2b | ر.س20.9b | -ر.س572,504,628.00 | 39.8x | -38.8x | 1.1x |
| Thu, 26 May 2022 | ر.س22.4b | ر.س21.0b | -ر.س559,409,314.00 | 36.4x | -40.1x | 1.1x |
| Sat, 23 Apr 2022 | ر.س25.3b | ر.س20.4b | -ر.س408,499,314.00 | 32.1x | -61.8x | 1.2x |
| Mon, 21 Mar 2022 | ر.س28.0b | ر.س20.5b | -ر.س32,657,681.00 | 38.2x | -856.6x | 1.4x |
| Wed, 16 Feb 2022 | ر.س29.9b | ر.س20.1b | ر.س101.0m | 45.5x | 296.1x | 1.5x |
| Fri, 14 Jan 2022 | ر.س30.4b | ر.س20.1b | ر.س101.0m | 46.7x | 301.2x | 1.5x |
| Sun, 12 Dec 2021 | ر.س30.0b | ر.س20.1b | ر.س101.0m | 49.8x | 297x | 1.5x |
| Tue, 09 Nov 2021 | ر.س31.7b | ر.س20.1b | ر.س334.5m | 67.5x | 94.9x | 1.6x |
| Thu, 07 Oct 2021 | ر.س32.3b | ر.س19.7b | ر.س392.3m | 55.1x | 82.2x | 1.6x |
| Sat, 04 Sep 2021 | ر.س34.5b | ر.س19.7b | ر.س392.3m | 57.4x | 88x | 1.8x |
| Mon, 02 Aug 2021 | ر.س34.1b | ر.س19.7b | ر.س392.3m | 63.3x | 86.8x | 1.7x |
Price to Earnings Ratio
86.8x
Current Industry PE
- Investors are pessimistic on the Saudi Multi-line 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 27.0x which is lower than its 3-year average PE of 56.2x.
- The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.7x.
Past Earnings Growth
- The earnings for companies in the Multi-line Insurance industry have grown 79% per year over the last three years.
- Revenues for these companies have grown 21% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Saudi Arabian General Insurance compare with similar industries?
| SA Market | -1.45% | |
| Financials | -0.95% | |
| Insurance | -0.50% | |
| General Insurance | 1.08% | |
| Reinsurance | 5.84% | |
| Insurance Brokers | 0% | |
| Property and Casualty Insurance | -2.33% | |
| Life and Health Insurance | -2.78% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
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 | |
| 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 | |
| 8120 Gulf Union Alahlia Cooperative Insurance | ر.س20.70 | 2.6% +ر.س23.9m | 78.1% | PE8.1x |