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Saudi Arabian (Tadawul) Materials Sector Analysis

UpdatedDec 26, 2025
DataAggregated Company Financials
Companies67
  • 7D0.8%
  • 3M-6.5%
  • 1Y-5.8%
  • YTD-6.8%

In the last week, the Materials industry is up 3.4%, with Saudi Arabian Mining Company (Ma'aden) up 3.7%. In contrast, the industry has lost 5.1% in the last 12 months. Looking forward, earnings are forecast to grow by 42% annually.

Sector Valuation and Performance

Has the Saudi Arabian Materials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Dec 2025ر.س597.3bر.س266.3b-ر.س32,260,559,947.0019.2x-18.5x2.2x
Sun, 23 Nov 2025ر.س618.3bر.س266.3b-ر.س32,292,261,327.0019.4x-19.1x2.3x
Tue, 21 Oct 2025ر.س673.5bر.س267.4bر.س5.2b19.8x128.6x2.5x
Thu, 18 Sep 2025ر.س609.0bر.س267.2bر.س5.2b19.4x116.4x2.3x
Sat, 16 Aug 2025ر.س597.2bر.س267.0bر.س5.2b20.5x115.9x2.2x
Mon, 14 Jul 2025ر.س607.1bر.س264.6bر.س11.5b21.1x52.7x2.3x
Wed, 11 Jun 2025ر.س568.4bر.س264.3bر.س11.5b20.8x49.4x2.2x
Fri, 09 May 2025ر.س583.2bر.س259.7bر.س12.0b20.9x48.6x2.2x
Sun, 06 Apr 2025ر.س584.1bر.س258.4bر.س11.9b22x49.2x2.3x
Tue, 04 Mar 2025ر.س590.3bر.س255.9bر.س13.6b23.5x43.4x2.3x
Thu, 30 Jan 2025ر.س634.0bر.س255.5bر.س13.7b23.6x46.3x2.5x
Sat, 28 Dec 2024ر.س623.7bر.س255.5bر.س13.6b22.3x45.7x2.4x
Mon, 25 Nov 2024ر.س650.3bر.س255.5bر.س13.6b22.7x47.7x2.5x
Wed, 23 Oct 2024ر.س669.0bر.س250.3bر.س11.7b25.6x57.3x2.7x
Fri, 20 Sep 2024ر.س629.4bر.س250.3bر.س11.7b25.6x53.9x2.5x
Sun, 18 Aug 2024ر.س626.6bر.س249.9bر.س11.6b26.3x54x2.5x
Tue, 16 Jul 2024ر.س657.3bر.س246.3bر.س9.6b25.4x68.6x2.7x
Thu, 13 Jun 2024ر.س650.5bر.س245.6bر.س9.5b25.5x68.5x2.6x
Sat, 11 May 2024ر.س692.6bر.س245.4bر.س8.8b31.3x78.6x2.8x
Mon, 08 Apr 2024ر.س741.3bر.س248.4bر.س8.8b30x84.1x3x
Wed, 06 Mar 2024ر.س683.7bر.س269.3bر.س12.5b27.6x54.9x2.5x
Fri, 02 Feb 2024ر.س667.4bر.س270.0bر.س13.3b27.4x50.3x2.5x
Sun, 31 Dec 2023ر.س687.5bر.س269.9bر.س13.2b28.3x52.1x2.5x
Tue, 28 Nov 2023ر.س646.9bر.س269.9bر.س13.2b25.8x49x2.4x
Thu, 26 Oct 2023ر.س631.4bر.س282.0bر.س16.7b23.5x37.8x2.2x
Sat, 23 Sep 2023ر.س673.5bر.س283.0bر.س17.3b24.9x38.9x2.4x
Mon, 21 Aug 2023ر.س695.2bر.س282.9bر.س17.3b27x40.1x2.5x
Wed, 19 Jul 2023ر.س709.0bر.س313.7bر.س32.8b26x21.6x2.3x
Fri, 16 Jun 2023ر.س715.4bر.س313.2bر.س32.8b27.2x21.8x2.3x
Sun, 14 May 2023ر.س734.0bر.س332.9bر.س44.9b23.4x16.3x2.2x
Tue, 11 Apr 2023ر.س721.0bر.س332.2bر.س46.0b22.3x15.7x2.2x
Thu, 09 Mar 2023ر.س701.1bر.س340.8bر.س54.9b21.1x12.8x2.1x
Sat, 04 Feb 2023ر.س726.5bر.س341.1bر.س55.1b21.2x13.2x2.1x
Mon, 02 Jan 2023ر.س703.7bر.س341.0bر.س55.1b20.7x12.8x2.1x
Price to Earnings Ratio

12.8x


Total Market Cap: ر.س703.7bTotal Earnings: ر.س55.1bTotal Revenue: ر.س341.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Saudi Arabian Materials Sector Price to Earnings3Y Average 49.4x20242025
Current Industry PE
  • Investors are relatively neutral on the Saudi Materials 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 PS ratio of 2.4x.
Past Earnings Growth
  • Total earnings for the Materials industry have declined over the last three years, with the industry now making a loss overall.
  • Revenues have also declined 7.9% per year, which is driving profits down.

Industry Trends

Which industries have driven the changes within the Saudi Arabian Materials sector?

SA Market0.38%
Materials0.78%
Paper and Forestry Products4.50%
Metals and Mining3.39%
Packaging0.37%
Basic Materials0.12%
Chemicals-1.50%
Industry PE
  • Investors are most optimistic about the Paper and Forestry Products industry even though it's trading below its 3-year average PE ratio of 214x.
    • Analysts are expecting annual earnings growth of 60.7%, which is higher than its past year's earnings decline of 59.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Chemicals industry, expecting annual earnings growth of 72% over the next 5 years.
  • This is better than its past earnings decline of 36% per year.
  • In contrast, the Basic Materials industry is expected to see its earnings decline by 4.8% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
1211 Saudi Arabian Mining Company (Ma'aden)ر.س62.453.7%
+ر.س8.5b		25.3%PE43.5x
2300 Saudi Paper Manufacturingر.س59.4011.1%
+ر.س219.9m		-4.8%PE52x
2330 Advanced Petrochemicalر.س29.301.5%
+ر.س113.7m		-9.6%PS2.6x
1304 Al Yamamah Steel Industriesر.س33.507.0%
+ر.س111.8m		-0.6%PE36.9x
2210 Nama Chemicalsر.س23.9917.9%
+ر.س85.6m		-12.9%PE7.2x

Latest News

2210
ر.س23.99
Nama Chemicals
7D
17.9%
1Y
-12.9%
2223
ر.س98.50
Saudi Aramco Base Oil Company - Luberef
7D
-3.2%
1Y
-11.6%

2223: Extended Feedstock Agreements Will Support Long-Term Upside Potential

Analysts have modestly raised their price target on Saudi Aramco Base Oil Company - Luberef to SAR 122.03, reflecting a slightly higher discount rate and stable assumptions for revenue growth, profit margins, and future valuation multiples. What's in the News Saudi Aramco notified Luberef of a successor feedstock supply agreement for the Jeddah Facility, securing feedstock beyond the current contract expiry in August 2026 and supporting continued operations past the previously expected mid 2026 closure (company announcement).
2010
ر.س52.15
Saudi Basic Industries
7D
-1.1%
1Y
-22.4%

2010: Legal Ruling And Higher Earnings Multiple Will Drive Bullish Repricing

Analysts have trimmed their price target for Saudi Basic Industries slightly, reducing fair value by about $0.19 to $63.49. This reflects expectations of stronger top line growth, offset by a modestly lower profit margin and a higher implied future earnings multiple.
2290
ر.س27.48
Yanbu National Petrochemical
7D
-2.4%
1Y
-26.3%

Yanbu National Petrochemical Company's (TADAWUL:2290) Popularity With Investors Is Under Threat From Overpricing

Dec 19
Yanbu National Petrochemical Company's (TADAWUL:2290) Popularity With Investors Is Under Threat From Overpricing
1211
ر.س62.45
Saudi Arabian Mining Company (Ma'aden)
7D
3.7%
1Y
25.3%

1211: Rare Earth Agreement Will Drive Future Margin Expansion And Earnings Repricing

Analysts have raised their price target for Saudi Arabian Mining Company (Ma'aden) from SAR 60.00 to about SAR 71.80, citing expectations of slightly slower revenue growth, offset by improved profit margins and a higher justified future price to earnings multiple. What's in the News Ma'aden signed a binding term sheet with MP Materials and Mountain JV, LLC to establish a rare earth refining and separation facility in Saudi Arabia, subject to customary regulatory and corporate approvals (company filing).
9601
ر.س74.80
Mohammed Hadi Al-Rasheed
7D
6.4%
1Y
18.5%
3040
ر.س41.84
Qassim Cement
7D
1.5%
1Y
-20.9%
2240
ر.س38.74
Advanced Building Industries
7D
3.6%
1Y
19.8%
2310
ر.س15.23
Sahara International Petrochemical
7D
-2.6%
1Y
-36.5%

Sahara International Petrochemical (TADAWUL:2310) Will Pay A Dividend Of SAR0.50

Nov 30
Sahara International Petrochemical (TADAWUL:2310) Will Pay A Dividend Of SAR0.50
2300
ر.س59.40
Saudi Paper Manufacturing
7D
11.1%
1Y
-4.8%
2330
ر.س29.30
Advanced Petrochemical
7D
1.5%
1Y
-9.6%

Advanced Petrochemical Company's (TADAWUL:2330) P/S Is On The Mark

Nov 18
Advanced Petrochemical Company's (TADAWUL:2330) P/S Is On The Mark
2350
ر.س4.55
Saudi Kayan Petrochemical
7D
-5.8%
1Y
-34.1%
2020
ر.س111.00
SABIC Agri-Nutrients
7D
-1.5%
1Y
1.6%

Returns On Capital At SABIC Agri-Nutrients (TADAWUL:2020) Have Hit The Brakes

Nov 05
Returns On Capital At SABIC Agri-Nutrients (TADAWUL:2020) Have Hit The Brakes
3010
ر.س21.19
Arabian Cement
7D
-2.8%
1Y
-18.2%
2250
ر.س12.50
Saudi Industrial Investment Group
7D
-1.9%
1Y
-32.6%
1304
ر.س33.50
Al Yamamah Steel Industries
7D
7.0%
1Y
-0.6%