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Saudi Arabian (Tadawul) Materials Sector Analysis

UpdatedFeb 21, 2026
DataAggregated Company Financials
Companies67
  • 7D-4.0%
  • 3M4.4%
  • 1Y2.4%
  • YTD9.6%

Over the last 7 days, the Materials industry has dropped 4.0%, driven by a pullback from Saudi Arabian Mining Company (Maaden) of 4.2%. In contrast, Arabian Cement has gained 6.5%. 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 38% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Feb 2026ر.س645.7bر.س265.9bر.س4.7b18.7x137.3x2.4x
Mon, 19 Jan 2026ر.س653.2bر.س266.3bر.س4.8b19.1x137.3x2.5x
Wed, 17 Dec 2025ر.س578.7bر.س266.3b-ر.س32,260,559,947.0019.6x-17.9x2.2x
Fri, 14 Nov 2025ر.س617.1bر.س266.8bر.س5.5b18x111.8x2.3x
Sun, 12 Oct 2025ر.س671.5bر.س267.2bر.س5.2b19.9x128.3x2.5x
Tue, 09 Sep 2025ر.س594.1bر.س267.2bر.س5.2b19.3x113.3x2.2x
Thu, 07 Aug 2025ر.س598.0bر.س265.2bر.س11.1b19.9x53.9x2.3x
Sat, 05 Jul 2025ر.س598.2bر.س264.5bر.س11.5b20.5x52x2.3x
Mon, 02 Jun 2025ر.س572.0bر.س263.8bر.س11.5b20.7x49.8x2.2x
Wed, 30 Apr 2025ر.س594.9bر.س258.6bر.س12.1b21.4x49.1x2.3x
Fri, 28 Mar 2025ر.س592.0bر.س258.3bر.س12.0b22.4x49.5x2.3x
Sun, 23 Feb 2025ر.س625.6bر.س255.4bر.س13.7b23.7x45.8x2.4x
Tue, 21 Jan 2025ر.س635.7bر.س255.5bر.س13.7b22.9x46.4x2.5x
Thu, 19 Dec 2024ر.س627.9bر.س255.5bر.س13.6b22.8x46x2.5x
Sat, 16 Nov 2024ر.س647.8bر.س255.2bر.س13.6b23.7x47.7x2.5x
Mon, 14 Oct 2024ر.س652.9bر.س250.3bر.س11.7b24.9x55.9x2.6x
Wed, 11 Sep 2024ر.س624.6bر.س250.2bر.س11.7b25x53.6x2.5x
Fri, 09 Aug 2024ر.س618.9bر.س247.0bر.س9.8b24.7x62.9x2.5x
Sun, 07 Jul 2024ر.س637.3bر.س246.4bر.س9.6b26.5x66.5x2.6x
Tue, 04 Jun 2024ر.س661.5bر.س245.4bر.س9.4b26.3x70.6x2.7x
Thu, 02 May 2024ر.س708.1bر.س249.3bر.س9.3b30.6x75.7x2.8x
Sat, 30 Mar 2024ر.س691.4bر.س248.6bر.س9.0b28.7x76.7x2.8x
Mon, 26 Feb 2024ر.س694.7bر.س270.2bر.س13.3b28.4x52.1x2.6x
Wed, 24 Jan 2024ر.س668.9bر.س270.0bر.س13.3b25.6x50.4x2.5x
Fri, 22 Dec 2023ر.س667.7bر.س269.9bر.س13.2b27.6x50.6x2.5x
Sun, 19 Nov 2023ر.س661.1bر.س269.8bر.س13.2b25x50.2x2.5x
Tue, 17 Oct 2023ر.س655.5bر.س283.2bر.س17.3b24.5x37.8x2.3x
Thu, 14 Sep 2023ر.س685.6bر.س283.0bر.س17.3b24.5x39.6x2.4x
Sat, 12 Aug 2023ر.س702.1bر.س287.5bر.س21.3b25.9x32.9x2.4x
Mon, 10 Jul 2023ر.س723.8bر.س313.3bر.س32.8b26.3x22.1x2.3x
Wed, 07 Jun 2023ر.س712.8bر.س313.0bر.س32.8b26.9x21.7x2.3x
Fri, 05 May 2023ر.س712.6bر.س332.8bر.س44.9b22.5x15.9x2.1x
Sun, 02 Apr 2023ر.س699.7bر.س333.5bر.س47.7b21.9x14.7x2.1x
Tue, 28 Feb 2023ر.س694.0bر.س340.8bر.س54.9b21.2x12.7x2x
Price to Earnings Ratio

12.7x


Total Market Cap: ر.س694.0bTotal Earnings: ر.س54.9bTotal Revenue: ر.س340.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Saudi Arabian Materials Sector Price to Earnings3Y Average 54x202420252026
Current Industry PE
  • Investors are optimistic on the Saudi Materials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 137x which is higher than its 3-year average PE of 53.9x.
  • The industry is trading close to its 3-year average PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have declined 56% per year over the last three years,
  • Revenues have also declined 7.9% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

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

SA Market-1.87%
Materials-3.96%
Basic Materials-0.85%
Packaging-2.69%
Chemicals-4.08%
Paper and Forestry Products-4.23%
Metals and Mining-4.24%
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 223x.
    • Analysts are expecting annual earnings growth of 41.8%, 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 67% over the next 5 years.
  • This is better than its past earnings decline of 19% per year.
  • In contrast, the Basic Materials industry is expected to see its earnings grow by 2.4% 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
3010 Arabian Cementر.س22.796.5%
+ر.س140.0m		-12.3%PE13.8x
2350 Saudi Kayan Petrochemicalر.س5.371.3%
+ر.س105.0m		-16.7%PS0.9x
9601 Mohammed Hadi Al-Rasheedر.س82.003.8%
+ر.س54.0m		-15.2%PE16.1x
9563 BENA Steel Industriesر.س41.002.5%
+ر.س6.0m		4.1%PE37x
3005 Umm Al-Qura Cementر.س13.200.6%
+ر.س4.4m		-30.8%PE18x

Latest News

2223
ر.س94.85
Saudi Aramco Base Oil Company - Luberef
7D
-7.8%
1Y
-11.8%

2223: Successor Feedstock Deal And Robust Dividends Will Support Undervalued Upside

Analysts have nudged their price target on Saudi Aramco Base Oil Company Luberef up by SAR1.50 to SAR123.53, reflecting updated assumptions around modest revenue growth, a slightly lower profit margin, a higher discount rate, and a somewhat richer future P/E multiple. What's in the News The Board of Directors recommended a cash dividend of SAR 588,912,327.50 for the second half of 2025, equivalent to SAR 3.50 per share for that period (Key Developments).
3010
ر.س22.79
Arabian Cement
7D
6.5%
1Y
-12.3%
2010
ر.س55.40
Saudi Basic Industries
7D
-4.5%
1Y
-15.5%

2010: Reserve Transfer And Margin Resilience Will Support Bullish Repricing

Analysts have kept their SAR63.30 price target for Saudi Basic Industries unchanged, citing slightly softer revenue expectations, a small improvement in projected profit margins, and a broadly stable future P/E assumption. What's in the News A special or extraordinary shareholders meeting is scheduled for December 31, 2025, in Riyadh at 19:00 Arab Standard Time to vote on transferring the general reserve balance of SAR 110,889,032,000 to the retained earnings account, based on the consolidated financial statements for the year ended December 31, 2024, and the interim statements for the third quarter of 2025 (Key Developments).
2350
ر.س5.37
Saudi Kayan Petrochemical
7D
1.3%
1Y
-16.7%
1211
ر.س70.80
Saudi Arabian Mining Company (Maaden)
7D
-4.2%
1Y
43.6%

1211: Expansive Resource And Fertilizer Pipeline Will Ultimately Struggle To Justify Rich P/E

Analysts have lifted their price target on Saudi Arabian Mining Company (Maaden) from SAR38.20 to SAR50.00, citing updates in their models that now reflect higher assumptions for revenue growth, profit margins and future P/E, along with a slightly higher discount rate. What's in the News Reported net resource additions of 7.8 million ounces across four gold locations, supported by more than 9 million ounces of additions defined through drilling, with estimates prepared under the JORC (2012) code by external competent persons (Key Developments).
9563
ر.س41.00
BENA Steel Industries
7D
2.5%
1Y
4.1%

Here's What's Concerning About BENA Steel Industries' (TADAWUL:9563) Returns On Capital

Feb 16
Here's What's Concerning About BENA Steel Industries' (TADAWUL:9563) Returns On Capital
2310
ر.س14.57
Sahara International Petrochemical
7D
-4.5%
1Y
-34.1%

Sahara International Petrochemical (TADAWUL:2310) Could Be At Risk Of Shrinking As A Company

Feb 10
Sahara International Petrochemical (TADAWUL:2310) Could Be At Risk Of Shrinking As A Company
2020
ر.س125.80
SABIC Agri-Nutrients
7D
-2.1%
1Y
10.5%

SABIC Agri-Nutrients Company's (TADAWUL:2020) Price Is Right But Growth Is Lacking

Feb 02
SABIC Agri-Nutrients Company's (TADAWUL:2020) Price Is Right But Growth Is Lacking
9576
ر.س41.26
Paper Home
7D
1.4%
1Y
-17.5%
1322
ر.س97.00
Al Masane Al Kobra Mining
7D
-6.2%
1Y
57.2%
2290
ر.س26.40
Yanbu National Petrochemical
7D
-6.0%
1Y
-29.4%
9601
ر.س82.00
Mohammed Hadi Al-Rasheed
7D
3.8%
1Y
-15.2%
3005
ر.س13.20
Umm Al-Qura Cement
7D
0.6%
1Y
-30.8%
3092
ر.س24.19
Riyadh Cement
7D
0.1%
1Y
-33.9%
9599
ر.س13.29
Taqat Mineral Trading
7D
2.2%
1Y
24.2%
2250
ر.س13.00
Saudi Industrial Investment Group
7D
-3.5%
1Y
-34.9%