Solid Earnings May Not Tell The Whole Story For Dr. Sulaiman Al Habib Medical Services Group (TADAWUL:4013)
Nov 11
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Saudi Arabian (Tadawul) Healthcare Sector Analysis
UpdatedNov 20, 2024
DataAggregated Company Financials
Companies24
- 7D-2.1%
- 3M-11.3%
- 1Y-1.3%
- YTD-6.8%
Over the last 7 days, the Healthcare industry has dropped 2.1%, driven by a pullback from Dr. Sulaiman Al Habib Medical Services Group of 1.7%. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 15% per annum.
Sector Valuation and Performance
Has the Saudi Arabian Healthcare Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 20 Nov 2024 | ر.س198.6b | ر.س37.0b | ر.س5.3b | 29.6x | 37.8x | 5.4x |
| Fri, 18 Oct 2024 | ر.س212.5b | ر.س35.6b | ر.س5.0b | 33.2x | 42.3x | 6x |
| Sun, 15 Sep 2024 | ر.س217.3b | ر.س35.5b | ر.س5.0b | 32.7x | 43.4x | 6.1x |
| Tue, 13 Aug 2024 | ر.س207.6b | ر.س35.3b | ر.س4.9b | 31.3x | 42.1x | 5.9x |
| Thu, 11 Jul 2024 | ر.س216.5b | ر.س34.1b | ر.س4.7b | 36.4x | 45.7x | 6.3x |
| Sat, 08 Jun 2024 | ر.س213.9b | ر.س34.0b | ر.س4.7b | 33.1x | 45.4x | 6.3x |
| Mon, 06 May 2024 | ر.س212.6b | ر.س30.8b | ر.س4.3b | 36x | 49.1x | 6.9x |
| Wed, 03 Apr 2024 | ر.س212.5b | ر.س30.4b | ر.س4.2b | 35.1x | 50.6x | 7x |
| Fri, 01 Mar 2024 | ر.س225.0b | ر.س29.8b | ر.س4.1b | 37.9x | 54.9x | 7.5x |
| Sun, 28 Jan 2024 | ر.س202.9b | ر.س29.2b | ر.س3.9b | 36x | 51.5x | 6.9x |
| Tue, 26 Dec 2023 | ر.س191.1b | ر.س29.2b | ر.س3.9b | 32.2x | 48.5x | 6.5x |
| Thu, 23 Nov 2023 | ر.س184.2b | ر.س29.2b | ر.س3.9b | 34x | 46.9x | 6.3x |
| Sat, 21 Oct 2023 | ر.س166.6b | ر.س27.7b | ر.س3.6b | 32.9x | 46.3x | 6x |
| Mon, 18 Sep 2023 | ر.س167.4b | ر.س27.5b | ر.س3.6b | 32.7x | 46.7x | 6.1x |
| Wed, 16 Aug 2023 | ر.س181.0b | ر.س26.6b | ر.س3.5b | 37.9x | 51.7x | 6.8x |
| Fri, 14 Jul 2023 | ر.س195.6b | ر.س26.3b | ر.س3.4b | 40.1x | 58.3x | 7.4x |
| Sun, 11 Jun 2023 | ر.س176.0b | ر.س25.3b | ر.س3.1b | 39.5x | 56x | 6.9x |
| Tue, 09 May 2023 | ر.س173.3b | ر.س24.3b | ر.س3.0b | 37.5x | 58x | 7.1x |
| Thu, 06 Apr 2023 | ر.س165.6b | ر.س23.8b | ر.س3.2b | 35.2x | 52.2x | 6.9x |
| Sat, 04 Mar 2023 | ر.س140.4b | ر.س23.2b | ر.س2.9b | 36.1x | 47.7x | 6x |
| Mon, 30 Jan 2023 | ر.س139.1b | ر.س23.2b | ر.س2.9b | 37.3x | 47.2x | 6x |
| Wed, 28 Dec 2022 | ر.س129.6b | ر.س23.2b | ر.س2.9b | 33.9x | 44x | 5.6x |
| Fri, 25 Nov 2022 | ر.س128.8b | ر.س23.2b | ر.س2.9b | 33x | 43.7x | 5.5x |
| Sun, 23 Oct 2022 | ر.س146.5b | ر.س22.8b | ر.س3.0b | 32.6x | 49.6x | 6.4x |
| Tue, 20 Sep 2022 | ر.س123.6b | ر.س22.9b | ر.س3.0b | 28.8x | 41.7x | 5.4x |
| Thu, 18 Aug 2022 | ر.س133.0b | ر.س22.6b | ر.س3.0b | 41.1x | 44.2x | 5.9x |
| Sat, 16 Jul 2022 | ر.س122.7b | ر.س22.2b | ر.س2.9b | 39.3x | 42.3x | 5.5x |
| Mon, 13 Jun 2022 | ر.س125.2b | ر.س22.2b | ر.س2.9b | 40x | 43.2x | 5.6x |
| Wed, 11 May 2022 | ر.س129.3b | ر.س22.0b | ر.س2.8b | 42.3x | 45.9x | 5.9x |
| Fri, 08 Apr 2022 | ر.س122.6b | ر.س21.7b | ر.س2.7b | 40.6x | 44.7x | 5.7x |
| Sun, 06 Mar 2022 | ر.س110.5b | ر.س21.1b | ر.س2.7b | 42x | 40.6x | 5.2x |
| Tue, 01 Feb 2022 | ر.س107.9b | ر.س20.2b | ر.س2.6b | 44.6x | 42.1x | 5.4x |
| Thu, 30 Dec 2021 | ر.س101.1b | ر.س20.2b | ر.س2.6b | 44.6x | 39.4x | 5x |
| Sat, 27 Nov 2021 | ر.س101.0b | ر.س20.2b | ر.س2.6b | 42.1x | 39.4x | 5x |
Price to Earnings Ratio
39.4x
Current Industry PE
- Investors are pessimistic on the Saudi Healthcare 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 37.8x which is lower than its 3-year average PE of 47.0x.
- The 3-year average PS ratio of 6.2x is higher than the industry's current PS ratio of 5.4x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have grown 27% 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 Healthcare sector?
| SA Market | -0.79% | |
| Healthcare | -2.08% | |
| Medical Equipment | 0% | |
| Healthtech | 0% | |
| Biotech | 0% | |
| Life Sciences | 0% | |
| Healthcare Services | -1.99% | |
| Pharma | -3.05% | |
Industry PE
- Investors are most optimistic about the Healthcare Services industry even though it's trading below its 3-year average PE ratio of 45.7x.
- Analysts expect its future annual earnings growth (15.2%) to be largely in line with prior year's earnings growth.
- Investors are most pessimistic about the Pharma industry, which is trading below its 3-year average of 51.6x.
Forecasted Growth
- Analysts are most optimistic on the Pharma industry, expecting annual earnings growth of 17% over the next 5 years.
- However this is lower than its past earnings growth rate of 60% per year.
- In contrast, the Healthcare Services industry is expected to see its earnings grow by 15% 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 | |
|---|---|---|---|---|---|
| 9544 Future Care Trading | ر.س10.60 | 1.5% +ر.س80.0m | -55.8% | PE410.1x | |
| 9518 Canadian General Medical Center Complex | ر.س7.32 | 14.6% +ر.س71.6m | 28.6% | PE50.9x | |
| 9546 Naba Al Saha Medical Services | ر.س81.10 | 3.3% +ر.س27.3m | 26.7% | PE22.6x | |
| 9530 Arabian International Healthcare Holding | ر.س37.90 | 2.2% +ر.س15.8m | -8.7% | PE25.2x | |
| 9594 Al-Modawat Specialized Medical | ر.س14.90 | 3.5% +ر.س11.9m | n/a | PE32.6x |
