Getting In Cheap On National Medical Care Company (TADAWUL:4005) Is Unlikely
Jul 26
Saudi Arabian (Tadawul) Healthcare Services Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies20
- 7D-1.3%
- 3M-5.6%
- 1Y-2.1%
- YTD0.9%
Over the last 7 days, the Healthcare Services industry has dropped 1.3%, driven by a pullback from Dr. Sulaiman Al Habib Medical Services Group of 2.0%. Meanwhile, Future Care Trading actually outperformed within the industry, gaining 7.1% in the last week. 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.
Industry Valuation and Performance
Has the Saudi Arabian Healthcare Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | ر.س200.2b | ر.س31.2b | ر.س4.4b | 37.7x | 45.6x | 6.4x |
| Sun, 23 Jun 2024 | ر.س201.5b | ر.س31.0b | ر.س4.4b | 35.5x | 46x | 6.5x |
| Tue, 21 May 2024 | ر.س187.6b | ر.س28.5b | ر.س4.1b | 33.6x | 45.8x | 6.6x |
| Thu, 18 Apr 2024 | ر.س200.5b | ر.س27.4b | ر.س4.0b | 37.2x | 50.6x | 7.3x |
| Sat, 16 Mar 2024 | ر.س198.7b | ر.س26.7b | ر.س3.8b | 37.1x | 51.9x | 7.4x |
| Mon, 12 Feb 2024 | ر.س199.5b | ر.س26.4b | ر.س3.7b | 38.8x | 53.6x | 7.6x |
| Wed, 10 Jan 2024 | ر.س186.3b | ر.س26.4b | ر.س3.7b | 35.9x | 50x | 7.1x |
| Fri, 08 Dec 2023 | ر.س180.9b | ر.س26.4b | ر.س3.7b | 34.1x | 48.6x | 6.9x |
| Sun, 05 Nov 2023 | ر.س163.7b | ر.س25.4b | ر.س3.5b | 33.2x | 46.1x | 6.4x |
| Tue, 03 Oct 2023 | ر.س159.1b | ر.س25.0b | ر.س3.4b | 35.6x | 46.5x | 6.4x |
| Thu, 31 Aug 2023 | ر.س161.5b | ر.س24.8b | ر.س3.4b | 35x | 47.4x | 6.5x |
| Sat, 29 Jul 2023 | ر.س189.1b | ر.س24.0b | ر.س3.3b | 45.2x | 57.2x | 7.9x |
| Mon, 26 Jun 2023 | ر.س190.7b | ر.س23.8b | ر.س3.3b | 39.6x | 58.1x | 8x |
| Wed, 24 May 2023 | ر.س170.1b | ر.س23.2b | ر.س3.3b | 37.3x | 52.3x | 7.3x |
| Fri, 21 Apr 2023 | ر.س164.1b | ر.س22.9b | ر.س3.2b | 37.5x | 52x | 7.2x |
| Sun, 19 Mar 2023 | ر.س139.1b | ر.س22.3b | ر.س3.2b | 36.3x | 43.9x | 6.2x |
| Tue, 14 Feb 2023 | ر.س135.5b | ر.س21.8b | ر.س3.0b | 36.7x | 44.6x | 6.2x |
| Thu, 12 Jan 2023 | ر.س132.2b | ر.س21.8b | ر.س3.0b | 37x | 43.5x | 6.1x |
| Sat, 10 Dec 2022 | ر.س128.9b | ر.س21.8b | ر.س3.0b | 33.3x | 42.4x | 5.9x |
| Mon, 07 Nov 2022 | ر.س133.8b | ر.س21.7b | ر.س3.1b | 30x | 43.8x | 6.2x |
| Wed, 05 Oct 2022 | ر.س136.6b | ر.س21.5b | ر.س3.0b | 32.8x | 45.6x | 6.4x |
| Fri, 02 Sep 2022 | ر.س124.3b | ر.س21.4b | ر.س3.0b | 34.7x | 41.2x | 5.8x |
| Sun, 31 Jul 2022 | ر.س127.2b | ر.س20.7b | ر.س2.9b | 40.5x | 44.5x | 6.1x |
| Tue, 28 Jun 2022 | ر.س118.8b | ر.س20.7b | ر.س2.9b | 37x | 41.5x | 5.7x |
| Thu, 26 May 2022 | ر.س128.8b | ر.س20.7b | ر.س2.8b | 35.4x | 45.4x | 6.2x |
| Sat, 23 Apr 2022 | ر.س125.2b | ر.س20.2b | ر.س2.7b | 41.7x | 46.1x | 6.2x |
| Mon, 21 Mar 2022 | ر.س112.7b | ر.س20.5b | ر.س2.8b | 42.4x | 40.2x | 5.5x |
| Wed, 16 Feb 2022 | ر.س101.4b | ر.س18.7b | ر.س2.5b | 42.4x | 40.4x | 5.4x |
| Fri, 14 Jan 2022 | ر.س101.9b | ر.س18.7b | ر.س2.5b | 45x | 40.6x | 5.5x |
| Sun, 12 Dec 2021 | ر.س95.6b | ر.س18.7b | ر.س2.5b | 42.8x | 38.1x | 5.1x |
| Tue, 09 Nov 2021 | ر.س99.4b | ر.س18.5b | ر.س2.5b | 45x | 40.2x | 5.4x |
| Thu, 07 Oct 2021 | ر.س99.0b | ر.س18.3b | ر.س2.4b | 40.7x | 40.5x | 5.4x |
| Sat, 04 Sep 2021 | ر.س107.3b | ر.س18.3b | ر.س2.4b | 42.2x | 43.9x | 5.9x |
| Mon, 02 Aug 2021 | ر.س103.5b | ر.س18.2b | ر.س2.4b | 40.9x | 42.5x | 5.7x |
Price to Earnings Ratio
42.5x
Current Industry PE
- Investors are relatively neutral on the Saudi Healthcare industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 45.7x.
- The industry is trading close to its 3-year average PS ratio of 6.3x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have grown 22% per year over the last three years.
- Revenues for these companies have grown 20% 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 industry?
| SA Market | -1.45% | |
| Healthcare | -1.11% | |
| Healthcare Services | -1.28% | |
| Healthcare Services | 6.31% | |
| Healthcare Distributors | 1.13% | |
| Managed Healthcare | 0% | |
| Healthcare Facilities | -1.77% | |
Industry PE
- Investors are most optimistic about the Healthcare Services industry even though it's trading below its 3-year average PE ratio of 195x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Healthcare Distributors industry, which is trading close to its 3-year average of 37.5x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare Facilities industry, expecting annual earnings growth of 15% over the next 5 years.
- However this is lower than its past earnings growth rate of 34% per year.
- In contrast, the Healthcare Facilities 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.س12.70 | 7.1% +ر.س420.0m | -44.8% | PE464.8x | |
| 4017 Dr. Soliman Abdel Kader Fakeeh Hospital | ر.س60.30 | 2.6% +ر.س345.0m | n/a | PE49.5x | |
| 2230 Saudi Chemical Holding | ر.س11.22 | 0.7% +ر.س67.5m | 147.7% | PE39.1x | |
| 9594 Al-Modawat Specialized Medical | ر.س16.98 | 14.0% +ر.س49.4m | n/a | PE21.7x | |
| 9600 Qomel | ر.س94.00 | 11.2% +ر.س33.3m | n/a | n/a |
