The Market Lifts The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (TADAWUL:8030) Shares 25% But It Can Do More
Jan 04
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Saudi Arabian (Tadawul) General Insurance Industry Analysis
UpdatedJan 19, 2025
DataAggregated Company Financials
Companies14
- 7D-1.7%
- 3M-0.6%
- 1Y63.2%
- YTDn/a
Over the last 7 days, the General Insurance industry has dropped 1.7%, driven by Al Rajhi Company for Cooperative Insurance declining 2.1%. This takes the industry's 12 month performance to a gain of 63%. Earnings are forecast to grow by 29% annually.
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 |
|---|---|---|---|---|---|---|
| Mon, 20 Jan 2025 | ر.س32.1b | ر.س19.9b | ر.س1.3b | 16.9x | 24.7x | 1.6x |
| Wed, 18 Dec 2024 | ر.س30.0b | ر.س20.1b | ر.س1.4b | 13.3x | 22.2x | 1.5x |
| Fri, 15 Nov 2024 | ر.س30.2b | ر.س20.4b | ر.س1.3b | 14.3x | 23.8x | 1.5x |
| Sun, 13 Oct 2024 | ر.س31.5b | ر.س19.2b | ر.س1.4b | 14.5x | 22.9x | 1.6x |
| Tue, 10 Sep 2024 | ر.س35.3b | ر.س19.2b | ر.س1.4b | 15.7x | 25.7x | 1.8x |
| Thu, 08 Aug 2024 | ر.س33.3b | ر.س18.8b | ر.س1.4b | 12.8x | 23.4x | 1.8x |
| Sat, 06 Jul 2024 | ر.س61.6b | ر.س35.2b | ر.س2.3b | 15.5x | 27.2x | 1.7x |
| Mon, 03 Jun 2024 | ر.س52.5b | ر.س34.7b | ر.س2.2b | 16.4x | 24x | 1.5x |
| Wed, 01 May 2024 | ر.س55.6b | ر.س33.5b | ر.س2.1b | 20.5x | 27x | 1.7x |
| Fri, 29 Mar 2024 | ر.س54.6b | ر.س32.3b | ر.س1.8b | 20.2x | 30.2x | 1.7x |
| Sun, 25 Feb 2024 | ر.س46.0b | ر.س31.8b | ر.س2.0b | 16.3x | 23.3x | 1.4x |
| Tue, 23 Jan 2024 | ر.س40.7b | ر.س32.2b | ر.س2.0b | 16x | 20.6x | 1.3x |
| Thu, 21 Dec 2023 | ر.س40.6b | ر.س32.2b | ر.س2.0b | 15.7x | 20.5x | 1.3x |
| Sat, 18 Nov 2023 | ر.س37.9b | ر.س32.5b | ر.س1.8b | 19.3x | 20.9x | 1.2x |
| Mon, 16 Oct 2023 | ر.س37.3b | ر.س30.3b | ر.س1.3b | 19.9x | 29.3x | 1.2x |
| Wed, 13 Sep 2023 | ر.س38.2b | ر.س30.4b | ر.س1.3b | 21.2x | 30.3x | 1.3x |
| Fri, 11 Aug 2023 | ر.س38.0b | ر.س28.0b | ر.س455.7m | 33.6x | 83.5x | 1.4x |
| Sun, 09 Jul 2023 | ر.س40.0b | ر.س27.6b | ر.س349.1m | 38.6x | 114.5x | 1.4x |
| Tue, 06 Jun 2023 | ر.س33.9b | ر.س25.8b | ر.س60.8m | 50.8x | 557.8x | 1.3x |
| Thu, 04 May 2023 | ر.س28.6b | ر.س24.9b | ر.س56.7m | 46.1x | 504.2x | 1.2x |
| Sat, 01 Apr 2023 | ر.س27.9b | ر.س23.3b | -ر.س372,188,178.00 | 40.9x | -74.9x | 1.2x |
| Mon, 27 Feb 2023 | ر.س26.0b | ر.س23.1b | -ر.س412,919,178.00 | 37.2x | -62.9x | 1.1x |
| Wed, 25 Jan 2023 | ر.س24.3b | ر.س23.1b | -ر.س412,919,178.00 | 37.4x | -58.8x | 1x |
| Fri, 23 Dec 2022 | ر.س23.9b | ر.س23.1b | -ر.س412,919,178.00 | 34.7x | -57.8x | 1x |
| Sun, 20 Nov 2022 | ر.س23.9b | ر.س23.1b | -ر.س454,454,835.00 | 35x | -52.7x | 1x |
| Tue, 18 Oct 2022 | ر.س24.6b | ر.س21.8b | -ر.س628,285,508.00 | 71x | -39.1x | 1.1x |
| Thu, 15 Sep 2022 | ر.س24.1b | ر.س21.8b | -ر.س628,285,508.00 | 72.2x | -38.4x | 1.1x |
| Sat, 13 Aug 2022 | ر.س23.6b | ر.س20.9b | -ر.س572,504,628.00 | 42.8x | -41.2x | 1.1x |
| Mon, 11 Jul 2022 | ر.س21.7b | ر.س20.9b | -ر.س572,504,628.00 | 38.4x | -37.8x | 1x |
| Wed, 08 Jun 2022 | ر.س24.8b | ر.س20.9b | -ر.س572,504,628.00 | 44.6x | -43.3x | 1.2x |
| Fri, 06 May 2022 | ر.س25.6b | ر.س20.4b | -ر.س408,499,314.00 | 32.4x | -62.5x | 1.3x |
| Sun, 03 Apr 2022 | ر.س27.4b | ر.س20.4b | -ر.س235,778,318.00 | 34.5x | -116.1x | 1.3x |
| Tue, 01 Mar 2022 | ر.س29.1b | ر.س20.1b | ر.س100.0m | 42.9x | 290.5x | 1.4x |
| Thu, 27 Jan 2022 | ر.س29.7b | ر.س20.1b | ر.س101.0m | 46.6x | 294x | 1.5x |
Price to Earnings Ratio
294x
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 24.7x which is lower than its 3-year average PE of 34.4x.
- The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Multi-line Insurance industry have grown 134% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Comparison
How does Saudi Arabian General Insurance compare with similar industries?
| SA Market | 1.19% | |
| Financials | 1.91% | |
| Insurance | -0.62% | |
| General Insurance | -1.74% | |
| Life and Health Insurance | 0.89% | |
| Property and Casualty Insurance | 0.29% | |
| Insurance Brokers | 0% | 0 |
| Reinsurance | -6.53% | |
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 | |
|---|---|---|---|---|---|
| 8060 Walaa Cooperative Insurance | ر.س20.90 | 2.9% +ر.س49.3m | 15.7% | PE13.7x | |
| 8250 Gulf Insurance Group | ر.س31.30 | 1.3% +ر.س21.0m | -4.7% | PE21.6x | |
| 8170 Al-Etihad Cooperative Insurance | ر.س17.94 | 2.2% +ر.س19.0m | 5.9% | PE11.2x | |
| 8030 Mediterranean and Gulf Cooperative Insurance and Reinsurance | ر.س26.75 | 0.6% +ر.س15.8m | 88.9% | PE17.6x | |
| 8120 Gulf Union Alahlia Cooperative Insurance | ر.س16.64 | 1.6% +ر.س11.9m | 5.4% | PE10.3x |