Investors Can Find Comfort In Saudi Basic Industries' (TADAWUL:2010) Earnings Quality
Nov 19
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Saudi Arabian (Tadawul) Materials Sector Analysis
UpdatedNov 20, 2024
DataAggregated Company Financials
Companies64
- 7D-1.1%
- 3M3.1%
- 1Y-1.5%
- YTD-8.9%
In the last week, Materials has been flat. Furthermore, the industry has been flat for the past year as well. Earnings are forecast to grow by 35% annually.
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 |
|---|---|---|---|---|---|---|
| Wed, 20 Nov 2024 | ر.س652.7b | ر.س255.3b | ر.س13.6b | 23.6x | 48.1x | 2.6x |
| Fri, 18 Oct 2024 | ر.س660.0b | ر.س250.3b | ر.س11.7b | 25.4x | 56.5x | 2.6x |
| Sun, 15 Sep 2024 | ر.س613.2b | ر.س250.3b | ر.س11.7b | 25x | 52.5x | 2.4x |
| Tue, 13 Aug 2024 | ر.س629.5b | ر.س249.6b | ر.س10.8b | 24.4x | 58.3x | 2.5x |
| Thu, 11 Jul 2024 | ر.س637.6b | ر.س246.4b | ر.س9.6b | 26.4x | 66.5x | 2.6x |
| Sat, 08 Jun 2024 | ر.س636.0b | ر.س245.6b | ر.س9.5b | 25.2x | 66.9x | 2.6x |
| Mon, 06 May 2024 | ر.س702.5b | ر.س249.1b | ر.س9.2b | 31.5x | 76.2x | 2.8x |
| Wed, 03 Apr 2024 | ر.س709.2b | ر.س248.3b | ر.س8.9b | 28.4x | 79.6x | 2.9x |
| Fri, 01 Mar 2024 | ر.س691.5b | ر.س270.2b | ر.س13.4b | 28.3x | 51.4x | 2.6x |
| Sun, 28 Jan 2024 | ر.س672.7b | ر.س270.0b | ر.س13.3b | 26.8x | 50.7x | 2.5x |
| Tue, 26 Dec 2023 | ر.س676.8b | ر.س269.9b | ر.س13.2b | 27.7x | 51.3x | 2.5x |
| Thu, 23 Nov 2023 | ر.س659.7b | ر.س269.9b | ر.س13.2b | 26.2x | 49.9x | 2.4x |
| Sat, 21 Oct 2023 | ر.س648.7b | ر.س283.4b | ر.س17.4b | 23.4x | 37.4x | 2.3x |
| Mon, 18 Sep 2023 | ر.س686.2b | ر.س283.0b | ر.س17.3b | 25.3x | 39.6x | 2.4x |
| Wed, 16 Aug 2023 | ر.س696.8b | ر.س287.6b | ر.س21.4b | 25.4x | 32.6x | 2.4x |
| Fri, 14 Jul 2023 | ر.س725.8b | ر.س313.6b | ر.س32.8b | 25.9x | 22.1x | 2.3x |
| Sun, 11 Jun 2023 | ر.س719.3b | ر.س313.2b | ر.س32.8b | 27x | 21.9x | 2.3x |
| Tue, 09 May 2023 | ر.س723.6b | ر.س332.8b | ر.س44.9b | 22.9x | 16.1x | 2.2x |
| Thu, 06 Apr 2023 | ر.س730.2b | ر.س333.5b | ر.س47.7b | 23.2x | 15.3x | 2.2x |
| Sat, 04 Mar 2023 | ر.س693.3b | ر.س340.8b | ر.س54.9b | 21.5x | 12.6x | 2x |
| Mon, 30 Jan 2023 | ر.س745.9b | ر.س341.1b | ر.س55.1b | 21.7x | 13.5x | 2.2x |
| Wed, 28 Dec 2022 | ر.س661.9b | ر.س331.8b | ر.س53.7b | 20.5x | 12.3x | 2x |
| Fri, 25 Nov 2022 | ر.س658.8b | ر.س331.7b | ر.س53.8b | 21.3x | 12.2x | 2x |
| Sun, 23 Oct 2022 | ر.س759.1b | ر.س322.5b | ر.س58.3b | 21.5x | 13x | 2.4x |
| Tue, 20 Sep 2022 | ر.س704.3b | ر.س322.5b | ر.س58.3b | 21.5x | 12.1x | 2.2x |
| Thu, 18 Aug 2022 | ر.س813.0b | ر.س323.0b | ر.س58.5b | 24.9x | 13.9x | 2.5x |
| Sat, 16 Jul 2022 | ر.س654.0b | ر.س297.3b | ر.س54.1b | 19.2x | 12.1x | 2.2x |
| Mon, 13 Jun 2022 | ر.س791.3b | ر.س297.3b | ر.س54.1b | 22.1x | 14.6x | 2.7x |
| Wed, 11 May 2022 | ر.س898.2b | ر.س278.2b | ر.س52.7b | 22.5x | 17.1x | 3.2x |
| Fri, 08 Apr 2022 | ر.س949.9b | ر.س322.6b | ر.س58.3b | 22.4x | 16.3x | 2.9x |
| Sun, 06 Mar 2022 | ر.س908.8b | ر.س322.0b | ر.س57.9b | 18.8x | 15.7x | 2.8x |
| Tue, 01 Feb 2022 | ر.س833.7b | ر.س293.2b | ر.س50.0b | 19.6x | 16.7x | 2.8x |
| Thu, 30 Dec 2021 | ر.س782.1b | ر.س301.0b | ر.س50.2b | 18.3x | 15.6x | 2.6x |
| Sat, 27 Nov 2021 | ر.س781.2b | ر.س300.1b | ر.س50.1b | 19.1x | 15.6x | 2.6x |
Price to Earnings Ratio
15.6x
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 48.1x which is higher than its 3-year average PE of 33.0x.
- The industry is trading close to its 3-year average PS ratio of 2.5x.
Past Earnings Growth
- The earnings for companies in the Materials industry have declined 35% per year over the last three years,
- Revenues have also declined 5.3% 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 | -0.79% | |
| Materials | -1.08% | |
| Packaging | 0.56% | |
| Metals and Mining | 0.18% | |
| Paper and Forestry Products | -0.48% | |
| Basic Materials | -0.84% | |
| Chemicals | -1.88% | |
Industry PE
- Investors are most optimistic about the Paper and Forestry Products industry which is trading above its 3-year average PE ratio of 54.1x.
- Analysts expect its future annual earnings growth (74.2%) to be largely in line with prior year's earnings growth.
- Investors are most pessimistic about the Basic Materials industry, which is trading below its 3-year average of 24.2x.
Forecasted Growth
- Analysts are most optimistic on the Paper and Forestry Products industry, expecting annual earnings growth of 74% 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 | |
|---|---|---|---|---|---|
| 1211 Saudi Arabian Mining Company (Ma'aden) | ر.س54.10 | 0.6% +ر.س1.1b | 35.9% | PE51.5x | |
| 9523 Group Five Pipe Saudi | ر.س40.10 | 5.5% +ر.س58.8m | 56.9% | PE126.1x | |
| 3092 Riyadh Cement | ر.س32.15 | 1.4% +ر.س54.0m | -4.7% | PE14.2x | |
| 2150 National Company for Glass Industries | ر.س54.30 | 2.6% +ر.س46.1m | 55.1% | PE17.7x | |
| 3030 Saudi Cement | ر.س41.60 | 0.7% +ر.س45.9m | -21.5% | PE15.7x |
