Bupa Arabia for Cooperative Insurance Company's (TADAWUL:8210) P/E Still Appears To Be Reasonable
Oct 21
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Saudi Arabian (Tadawul) Insurance Industry Analysis
UpdatedOct 21, 2024
DataAggregated Company Financials
Companies27
- 7D1.4%
- 3M-10.0%
- 1Y25.6%
- YTD19.5%
Over the last 7 days, the Insurance industry has risen 3.3%, driven by gains from Bupa Arabia for Cooperative Insurance of 3.2%. This means that the industry has gained 25% over the past year. As for the next few years, earnings are expected to grow by 19% 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 |
|---|---|---|---|---|---|---|
| Mon, 21 Oct 2024 | ر.س99.3b | ر.س59.0b | ر.س3.9b | 23.1x | 25.7x | 1.7x |
| Wed, 18 Sep 2024 | ر.س103.6b | ر.س59.0b | ر.س3.8b | 24.9x | 27x | 1.8x |
| Fri, 16 Aug 2024 | ر.س107.4b | ر.س58.9b | ر.س3.8b | 23.9x | 27.9x | 1.8x |
| Sun, 14 Jul 2024 | ر.س110.5b | ر.س57.1b | ر.س3.7b | 22.7x | 29.9x | 1.9x |
| Tue, 11 Jun 2024 | ر.س95.1b | ر.س56.5b | ر.س3.6b | 22x | 26.3x | 1.7x |
| Thu, 09 May 2024 | ر.س110.1b | ر.س54.1b | ر.س3.3b | 26.6x | 33.7x | 2x |
| Sat, 06 Apr 2024 | ر.س95.8b | ر.س54.9b | ر.س3.3b | 21.5x | 29.2x | 1.7x |
| Mon, 04 Mar 2024 | ر.س90.0b | ر.س52.4b | ر.س3.1b | 18.5x | 29x | 1.7x |
| Wed, 31 Jan 2024 | ر.س77.4b | ر.س52.1b | ر.س3.2b | 18.5x | 24.1x | 1.5x |
| Fri, 29 Dec 2023 | ر.س77.8b | ر.س52.1b | ر.س3.2b | 16.8x | 24.2x | 1.5x |
| Sun, 26 Nov 2023 | ر.س73.4b | ر.س52.0b | ر.س3.1b | 17.1x | 23.4x | 1.4x |
| Tue, 24 Oct 2023 | ر.س71.7b | ر.س49.2b | ر.س2.6b | 19.2x | 27.8x | 1.5x |
| Thu, 21 Sep 2023 | ر.س73.0b | ر.س49.5b | ر.س2.6b | 21.1x | 28.4x | 1.5x |
| Sat, 19 Aug 2023 | ر.س73.9b | ر.س48.1b | ر.س2.1b | 27.1x | 34.9x | 1.5x |
| Mon, 17 Jul 2023 | ر.س72.2b | ر.س46.0b | ر.س1.4b | 33.4x | 52.7x | 1.6x |
| Wed, 14 Jun 2023 | ر.س66.8b | ر.س43.7b | ر.س850.9m | 43.6x | 78.5x | 1.5x |
| Fri, 12 May 2023 | ر.س61.1b | ر.س42.6b | ر.س746.4m | 39.8x | 81.8x | 1.4x |
| Sun, 09 Apr 2023 | ر.س59.6b | ر.س41.0b | ر.س295.4m | 38.3x | 201.8x | 1.5x |
| Tue, 07 Mar 2023 | ر.س55.4b | ر.س41.1b | ر.س166.6m | 37.6x | 332.4x | 1.3x |
| Thu, 02 Feb 2023 | ر.س55.6b | ر.س39.9b | -ر.س4,702,647.00 | 39.1x | -11819.8x | 1.4x |
| Sat, 31 Dec 2022 | ر.س49.4b | ر.س39.9b | -ر.س4,702,647.00 | 33x | -10500x | 1.2x |
| Mon, 28 Nov 2022 | ر.س50.0b | ر.س39.9b | -ر.س1,561,721.00 | 32.4x | -32018.1x | 1.3x |
| Wed, 26 Oct 2022 | ر.س52.6b | ر.س37.6b | -ر.س433,937,940.00 | 71x | -121.2x | 1.4x |
| Fri, 23 Sep 2022 | ر.س50.2b | ر.س37.6b | -ر.س448,567,685.00 | 67.5x | -111.9x | 1.3x |
| Sun, 21 Aug 2022 | ر.س49.5b | ر.س37.3b | -ر.س329,536,762.00 | 61.4x | -150.3x | 1.3x |
| Tue, 19 Jul 2022 | ر.س46.3b | ر.س35.9b | -ر.س324,410,890.00 | 36.7x | -142.7x | 1.3x |
| Thu, 16 Jun 2022 | ر.س49.9b | ر.س35.9b | -ر.س324,410,890.00 | 45.2x | -153.8x | 1.4x |
| Sat, 14 May 2022 | ر.س50.1b | ر.س35.1b | -ر.س106,824,259.00 | 40.6x | -469.3x | 1.4x |
| Mon, 11 Apr 2022 | ر.س55.7b | ر.س34.6b | -ر.س34,728,259.00 | 40.7x | -1603.2x | 1.6x |
| Wed, 09 Mar 2022 | ر.س55.9b | ر.س34.3b | ر.س676.5m | 36.4x | 82.6x | 1.6x |
| Fri, 04 Feb 2022 | ر.س57.4b | ر.س34.0b | ر.س568.2m | 45.5x | 101x | 1.7x |
| Sun, 02 Jan 2022 | ر.س53.0b | ر.س34.0b | ر.س568.2m | 31.2x | 93.2x | 1.6x |
| Tue, 30 Nov 2021 | ر.س53.6b | ر.س34.0b | ر.س575.4m | 31.3x | 93.1x | 1.6x |
| Thu, 28 Oct 2021 | ر.س58.2b | ر.س33.5b | ر.س897.6m | 47.7x | 64.8x | 1.7x |
Price to Earnings Ratio
64.8x
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 25.7x 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 63% 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 Trends
Which industries have driven the changes within the Saudi Arabian Financials industry?
| SA Market | -0.84% | |
| Financials | -2.04% | |
| Insurance | 1.41% | |
| Life and Health Insurance | 2.75% | |
| Property and Casualty Insurance | 1.25% | |
| Insurance Brokers | 0% | |
| General Insurance | -0.56% | |
| Reinsurance | -3.17% | |
Industry PE
- Investors are most optimistic about the Property and Casualty Insurance industry which is trading above its 3-year average PE ratio.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the General Insurance industry, which is trading below its 3-year average of 51.5x.
Forecasted Growth
- Analysts are most optimistic on the General Insurance industry, expecting annual earnings growth of 28% over the next 5 years.
- However this is lower than its past earnings growth rate of 60% per year.
- In contrast, the Reinsurance industry is expected to see its earnings grow by 14% 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 | |
|---|---|---|---|---|---|
| 8210 Bupa Arabia for Cooperative Insurance | ر.س208.60 | 3.2% +ر.س958.7m | -5.2% | PE27.3x | |
| 8010 Company for Cooperative Insurance | ر.س147.00 | 2.4% +ر.س509.6m | 22.3% | PE23.1x | |
| 8313 Rasan Information Technology | ر.س63.40 | 3.4% +ر.س159.2m | n/a | PE84.8x | |
| 8060 Walaa Cooperative Insurance | ر.س22.64 | 8.6% +ر.س153.1m | 29.1% | PE12.9x | |
| 8240 Chubb Arabia Cooperative Insurance | ر.س44.50 | 5.0% +ر.س63.0m | 133.7% | PE53.1x |
