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Saudi Arabian (Tadawul) Materials Sector Analysis

UpdatedJan 26, 2026
DataAggregated Company Financials
Companies67
  • 7D3.5%
  • 3M3.7%
  • 1Y5.0%
  • YTD14.7%

Over the last 7 days, the Materials industry has risen 1.4%, driven by gains from Saudi Arabian Mining Company (Ma'aden) of 7.3%. This means that the industry has gained 5.0% over the past year. As for the next few years, earnings are expected to grow by 37% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 26 Jan 2026ر.س676.2bر.س266.8bر.س4.9b19.6x138.7x2.5x
Wed, 24 Dec 2025ر.س605.1bر.س266.3b-ر.س32,260,559,947.0019.3x-18.8x2.3x
Fri, 21 Nov 2025ر.س618.3bر.س266.4b-ر.س32,241,372,555.0018x-19.2x2.3x
Sun, 19 Oct 2025ر.س674.5bر.س267.3bر.س5.2b19.9x128.8x2.5x
Tue, 16 Sep 2025ر.س604.8bر.س267.3bر.س5.2b18.8x115.3x2.3x
Thu, 14 Aug 2025ر.س591.1bر.س264.6bر.س4.7b20.1x126.3x2.2x
Sat, 12 Jul 2025ر.س607.7bر.س264.5bر.س11.5b20.8x52.8x2.3x
Mon, 09 Jun 2025ر.س568.4bر.س264.3bر.س11.5b20.8x49.4x2.2x
Wed, 07 May 2025ر.س588.5bر.س259.7bر.س12.1b21.5x48.8x2.3x
Fri, 04 Apr 2025ر.س586.2bر.س258.3bر.س11.9b22x49.4x2.3x
Sun, 02 Mar 2025ر.س591.3bر.س255.9bر.س13.6b23.5x43.5x2.3x
Tue, 28 Jan 2025ر.س636.3bر.س255.5bر.س13.7b23.9x46.5x2.5x
Thu, 26 Dec 2024ر.س623.3bر.س255.5bر.س13.6b22.4x45.7x2.4x
Sat, 23 Nov 2024ر.س645.5bر.س255.5bر.س13.7b22.6x47.3x2.5x
Mon, 21 Oct 2024ر.س657.3bر.س250.3bر.س11.7b25.6x56.3x2.6x
Wed, 18 Sep 2024ر.س621.6bر.س249.9bر.س11.8b25x52.8x2.5x
Fri, 16 Aug 2024ر.س626.8bر.س249.8bر.س11.5b25.5x54.6x2.5x
Sun, 14 Jul 2024ر.س641.9bر.س246.3bر.س9.6b25.2x67x2.6x
Tue, 11 Jun 2024ر.س645.1bر.س245.6bر.س9.5b25.8x67.9x2.6x
Thu, 09 May 2024ر.س701.5bر.س249.2bر.س8.9b31.5x78.4x2.8x
Sat, 06 Apr 2024ر.س741.3bر.س248.1bر.س8.8b29.1x84.6x3x
Mon, 04 Mar 2024ر.س686.4bر.س270.2bر.س13.4b28x51x2.5x
Wed, 31 Jan 2024ر.س665.7bر.س270.0bر.س13.3b27x50.2x2.5x
Fri, 29 Dec 2023ر.س687.5bر.س269.9bر.س13.2b28.3x52.1x2.5x
Sun, 26 Nov 2023ر.س655.3bر.س269.9bر.س13.2b25.9x49.6x2.4x
Tue, 24 Oct 2023ر.س626.0bر.س283.2bر.س17.3b23.5x36.1x2.2x
Thu, 21 Sep 2023ر.س681.9bر.س283.0bر.س17.3b24.9x39.4x2.4x
Sat, 19 Aug 2023ر.س695.2bر.س282.7bر.س17.3b26.2x40.1x2.5x
Mon, 17 Jul 2023ر.س724.7bر.س313.7bر.س32.8b26.6x22.1x2.3x
Wed, 14 Jun 2023ر.س715.6bر.س313.2bر.س32.8b26.8x21.8x2.3x
Fri, 12 May 2023ر.س734.0bر.س332.9bر.س44.9b23.4x16.3x2.2x
Sun, 09 Apr 2023ر.س717.5bر.س332.2bر.س46.0b22.7x15.6x2.2x
Tue, 07 Mar 2023ر.س704.8bر.س340.8bر.س54.9b21.4x12.8x2.1x
Thu, 02 Feb 2023ر.س734.5bر.س341.1bر.س55.1b21.4x13.3x2.2x
Price to Earnings Ratio

13.3x


Total Market Cap: ر.س734.5bTotal Earnings: ر.س55.1bTotal Revenue: ر.س341.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Saudi Arabian Materials Sector Price to Earnings3Y Average 51x202420252026
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 139x which is higher than its 3-year average PE of 51.0x.
  • 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 55% 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 Market2.03%
Materials3.51%
Metals and Mining6.89%
Basic Materials2.45%
Packaging1.93%
Chemicals0.31%
Paper and Forestry Products-1.60%
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 219x.
    • Analysts are expecting annual earnings growth of 41.9%, 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 64% 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 11% 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.س79.509.9%
+ر.س27.7b		62.9%PE55.4x
2010 Saudi Basic Industriesر.س56.002.7%
+ر.س4.4b		-17.2%PS1.2x
2020 SABIC Agri-Nutrientsر.س126.606.4%
+ر.س3.6b		12.0%PE14.1x
1322 Al Masane Al Kobra Miningر.س108.408.9%
+ر.س800.4m		72.9%PE38.9x
2223 Saudi Aramco Base Oil Company - Luberefر.س102.503.9%
+ر.س647.8m		-8.6%PE18.1x

Latest News

1322
ر.س108.40
Al Masane Al Kobra Mining
7D
8.9%
1Y
72.9%
2010
ر.س56.00
Saudi Basic Industries
7D
2.7%
1Y
-17.2%

2010: Reserve Transfer Decision Will Shape Future Upside Potential

Analysts have nudged their fair value estimate for Saudi Basic Industries slightly lower, from about SAR 87.80 to roughly SAR 86.92. This reflects updated assumptions for weaker revenue growth, slimmer profit margins, and a much higher future P/E multiple.
2223
ر.س102.50
Saudi Aramco Base Oil Company - Luberef
7D
3.9%
1Y
-8.6%

2223: Successor Feedstock Agreement Will Support Capacity And Undervalued Outlook

Analysts have kept their fair value estimate for Saudi Aramco Base Oil Company Luberef broadly steady at SAR 122.03. They made only slight adjustments to assumptions around discount rate, revenue growth, profit margin and future P/E to reflect a more cautious growth outlook together with a marginally higher expected profitability profile.
1211
ر.س79.50
Saudi Arabian Mining Company (Ma'aden)
7D
9.9%
1Y
62.9%

1211: New Resource Additions And Rare Earth Venture Will Shape Balanced Outlook

Analysts have slightly adjusted their fair value estimate for Saudi Arabian Mining Company (Ma'aden) from SAR71.80 to SAR70.50, reflecting updated assumptions for revenue growth, profit margins and the future P/E multiple. What's in the News Ma'aden reports overall net resource additions of 7.8 million ounces across four key gold locations, with updated Mineral Resource Estimates completed by external experts under the JORC (2012) code, and early exploration work also pointing to copper, nickel and platinum group element mineralization at Jabal Shayban and Jabal Al Wakil (Key Developments).
2060
ر.س9.40
National Industrialization
7D
4.0%
1Y
-7.3%
3007
ر.س2.69
Zahrat Al Waha For Trading
7D
-2.5%
1Y
-21.7%

Zahrat Al Waha For Trading Company (TADAWUL:3007) Held Back By Insufficient Growth Even After Shares Climb 25%

Jan 16
Zahrat Al Waha For Trading Company (TADAWUL:3007) Held Back By Insufficient Growth Even After Shares Climb 25%
3091
ر.س6.25
Al Jouf Cement
7D
-1.9%
1Y
-49.8%
2350
ر.س4.74
Saudi Kayan Petrochemical
7D
-0.2%
1Y
-31.2%

Saudi Kayan Petrochemical Company (TADAWUL:2350) Might Not Be As Mispriced As It Looks

Jan 02
Saudi Kayan Petrochemical Company (TADAWUL:2350) Might Not Be As Mispriced As It Looks
2300
ر.س59.00
Saudi Paper Manufacturing
7D
-0.8%
1Y
-16.7%
2240
ر.س40.38
Advanced Building Industries
7D
-6.3%
1Y
12.3%
2210
ر.س22.75
Nama Chemicals
7D
-4.4%
1Y
-26.5%
3020
ر.س27.98
YAMAMA Cement
7D
4.8%
1Y
-25.8%
2330
ر.س26.58
Advanced Petrochemical
7D
-1.1%
1Y
-15.9%

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
3008
ر.س2.09
Al Kathiri Holding
7D
-3.7%
1Y
-22.6%
2020
ر.س126.60
SABIC Agri-Nutrients
7D
6.4%
1Y
12.0%

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
2250
ر.س12.50
Saudi Industrial Investment Group
7D
6.8%
1Y
-37.5%