Insufficient Growth At SABIC Agri-Nutrients Company (TADAWUL:2020) Hampers Share Price
Apr 23
Saudi Arabian (Tadawul) Materials Sector Analysis
UpdatedApr 25, 2024
DataAggregated Company Financials
Companies61
- 7D-3.7%
- 3M2.0%
- 1Y-7.3%
- YTD-3.6%
Over the last 7 days, the Materials industry has dropped 3.7%, driven by a pullback from Saudi Basic Industries of 3.7%. Meanwhile, Takween Advanced Industries actually outperformed within the industry, gaining 6.9% in the last week. The industry has fallen 7.3% in the last year. As for the next few years, earnings are expected to grow by 39% per annum.
Sector Valuation and Performance
Has the Saudi Arabian Materials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 25 Apr 2024 | ر.س690.4b | ر.س248.3b | ر.س8.8b | 30.2x | 78.7x | 2.8x |
| Sat, 23 Mar 2024 | ر.س701.4b | ر.س248.7b | ر.س9.1b | 30.2x | 77x | 2.8x |
| Mon, 19 Feb 2024 | ر.س692.8b | ر.س270.0b | ر.س13.3b | 28.4x | 52.2x | 2.6x |
| Wed, 17 Jan 2024 | ر.س668.1b | ر.س270.0b | ر.س13.3b | 26.1x | 50.3x | 2.5x |
| Fri, 15 Dec 2023 | ر.س653.3b | ر.س269.9b | ر.س13.2b | 26.9x | 49.5x | 2.4x |
| Sun, 12 Nov 2023 | ر.س632.2b | ر.س258.0b | ر.س12.7b | 23.9x | 49.6x | 2.5x |
| Tue, 10 Oct 2023 | ر.س656.7b | ر.س283.2b | ر.س17.3b | 24.4x | 37.9x | 2.3x |
| Thu, 07 Sep 2023 | ر.س696.9b | ر.س283.0b | ر.س17.4b | 25.7x | 40.1x | 2.5x |
| Sat, 05 Aug 2023 | ر.س703.6b | ر.س310.6b | ر.س30.6b | 26x | 23x | 2.3x |
| Mon, 03 Jul 2023 | ر.س720.7b | ر.س313.3b | ر.س32.8b | 26.8x | 22x | 2.3x |
| Wed, 31 May 2023 | ر.س713.3b | ر.س315.1b | ر.س35.5b | 25x | 20.1x | 2.3x |
| Fri, 28 Apr 2023 | ر.س731.1b | ر.س332.8b | ر.س44.9b | 22.3x | 16.3x | 2.2x |
| Sun, 26 Mar 2023 | ر.س695.1b | ر.س333.5b | ر.س47.8b | 21.5x | 14.5x | 2.1x |
| Tue, 21 Feb 2023 | ر.س710.9b | ر.س341.1b | ر.س55.1b | 23x | 12.9x | 2.1x |
| Thu, 19 Jan 2023 | ر.س747.4b | ر.س341.0b | ر.س55.1b | 21.5x | 13.6x | 2.2x |
| Sat, 17 Dec 2022 | ر.س648.1b | ر.س331.8b | ر.س53.8b | 20.6x | 12x | 2x |
| Mon, 14 Nov 2022 | ر.س682.8b | ر.س331.5b | ر.س53.9b | 22.9x | 12.7x | 2.1x |
| Wed, 12 Oct 2022 | ر.س732.5b | ر.س322.5b | ر.س58.3b | 21x | 12.6x | 2.3x |
| Fri, 09 Sep 2022 | ر.س750.7b | ر.س322.6b | ر.س58.4b | 21.9x | 12.9x | 2.3x |
| Sun, 07 Aug 2022 | ر.س742.8b | ر.س298.8b | ر.س53.7b | 22.4x | 13.8x | 2.5x |
| Tue, 05 Jul 2022 | ر.س712.0b | ر.س297.3b | ر.س54.1b | 20.3x | 13.2x | 2.4x |
| Thu, 02 Jun 2022 | ر.س811.2b | ر.س297.6b | ر.س54.3b | 21.9x | 14.9x | 2.7x |
| Sat, 30 Apr 2022 | ر.س927.6b | ر.س274.5b | ر.س51.2b | 23.2x | 18.1x | 3.4x |
| Mon, 28 Mar 2022 | ر.س919.4b | ر.س322.5b | ر.س58.4b | 20.7x | 15.7x | 2.9x |
| Wed, 23 Feb 2022 | ر.س811.3b | ر.س317.7b | ر.س55.5b | 19x | 14.6x | 2.6x |
| Fri, 21 Jan 2022 | ر.س849.1b | ر.س301.0b | ر.س50.2b | 19.3x | 16.9x | 2.8x |
| Sun, 19 Dec 2021 | ر.س781.4b | ر.س301.0b | ر.س50.2b | 18x | 15.6x | 2.6x |
| Tue, 16 Nov 2021 | ر.س836.5b | ر.س300.2b | ر.س50.1b | 19.3x | 16.7x | 2.8x |
| Thu, 14 Oct 2021 | ر.س846.4b | ر.س286.7b | ر.س41.1b | 20.5x | 20.6x | 3x |
| Sat, 11 Sep 2021 | ر.س794.1b | ر.س286.7b | ر.س41.1b | 21.1x | 19.3x | 2.8x |
| Mon, 09 Aug 2021 | ر.س778.1b | ر.س287.2b | ر.س41.1b | 21.2x | 18.9x | 2.7x |
| Sun, 02 May 2021 | ر.س751.7b | ر.س209.7b | ر.س15.2b | 26.5x | 49.4x | 3.6x |
Price to Earnings Ratio
49.4x
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 78.7x which is higher than its 3-year average PE of 26.4x.
- The industry is trading close to its 3-year average PS ratio of 2.6x.
Past Earnings Growth
- The earnings for companies in the Materials industry have declined 17% per year over the last three years.
- Meanwhile revenues for these companies have grown 5.8% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Saudi Arabian Materials sector?
| SA Market | -0.0049% | |
| Materials | -3.74% | |
| Packaging | -0.97% | |
| Basic Materials | -2.48% | |
| Paper and Forestry Products | -2.86% | |
| Metals and Mining | -3.59% | |
| Chemicals | -4.03% | |
Industry PE
- Investors are most optimistic about the Metals and Mining industry which is trading above its 3-year average PE ratio of 45.8x.
- Analysts are expecting annual earnings growth of 30.6%, which is higher than its past year's earnings decline of 64.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Paper and Forestry Products industry, expecting annual earnings growth of 54% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Basic Materials industry is expected to see its earnings grow by 7.3% 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 | |
|---|---|---|---|---|---|
| 1201 Takween Advanced Industries | ر.س14.34 | 6.9% +ر.س70.3m | -29.4% | PS1.3x | |
| 3030 Saudi Cement | ر.س47.05 | 0.3% +ر.س23.0m | -16.3% | PE18.9x | |
| 3008 Al Kathiri Holding | ر.س2.94 | 3.2% +ر.س20.3m | -23.2% | PS5.1x | |
| 2200 Arabian Pipes | ر.س173.60 | 1.0% +ر.س18.0m | 232.6% | PE13.1x | |
| 9566 Saudi Lime Industries | ر.س13.30 | 4.7% +ر.س13.2m | n/a | PE20.9x |
