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Saudi Arabian (Tadawul) Materials Sector Analysis

UpdatedMar 25, 2026
DataAggregated Company Financials
Companies68
  • 7D-2.9%
  • 3M5.3%
  • 1Y7.6%
  • YTD7.4%

In the last week, the Materials industry is flat overall, with Saudi Arabian Mining Company (Maaden) standing out by going down 6.8%. The past year has been better, since the industry has gained 9.4% in that time. As for the next few years, earnings are expected to grow by 26% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 25 Mar 2026ر.س640.3bر.س244.2bر.س10.1b18.2x63.3x2.6x
Fri, 20 Feb 2026ر.س645.7bر.س265.9bر.س4.7b18.7x137.3x2.4x
Sun, 18 Jan 2026ر.س645.9bر.س266.3bر.س4.8b19.6x135.7x2.4x
Tue, 16 Dec 2025ر.س588.3bر.س266.3b-ر.س32,260,559,947.0019.7x-18.2x2.2x
Thu, 13 Nov 2025ر.س626.4bر.س264.5bر.س4.2b18.1x147.9x2.4x
Sat, 11 Oct 2025ر.س671.5bر.س267.2bر.س5.2b19.9x128.3x2.5x
Mon, 08 Sep 2025ر.س603.1bر.س267.2bر.س5.2b19.4x115.1x2.3x
Wed, 06 Aug 2025ر.س591.0bر.س265.4bر.س11.1b19.8x53.1x2.2x
Fri, 04 Jul 2025ر.س597.2bر.س264.4bر.س11.5b20.9x51.9x2.3x
Sun, 01 Jun 2025ر.س572.0bر.س263.8bر.س11.5b20.9x49.8x2.2x
Tue, 29 Apr 2025ر.س589.8bر.س258.6bر.س12.1b21.3x48.7x2.3x
Thu, 27 Mar 2025ر.س584.8bر.س257.7bر.س12.0b21.8x48.6x2.3x
Sat, 22 Feb 2025ر.س625.6bر.س255.4bر.س13.7b23.7x45.8x2.4x
Mon, 20 Jan 2025ر.س636.5bر.س255.5bر.س13.7b23x46.5x2.5x
Wed, 18 Dec 2024ر.س633.4bر.س255.5bر.س13.6b22.8x46.4x2.5x
Fri, 15 Nov 2024ر.س654.4bر.س255.2bر.س13.6b23.7x48.2x2.6x
Sun, 13 Oct 2024ر.س653.3bر.س250.3bر.س11.7b24.6x55.9x2.6x
Tue, 10 Sep 2024ر.س625.4bر.س250.2bر.س11.7b25x53.6x2.5x
Thu, 08 Aug 2024ر.س629.0bر.س247.1bر.س9.8b24.7x64x2.5x
Sat, 06 Jul 2024ر.س637.3bر.س246.4bر.س9.6b26.5x66.5x2.6x
Mon, 03 Jun 2024ر.س649.2bر.س245.4bر.س9.4b26.2x69.3x2.6x
Wed, 01 May 2024ر.س712.0bر.س248.3bر.س8.8b30x81.1x2.9x
Fri, 29 Mar 2024ر.س687.0bر.س248.7bر.س9.1b28.7x75.2x2.8x
Sun, 25 Feb 2024ر.س695.5bر.س270.2bر.س13.3b28.6x52.1x2.6x
Tue, 23 Jan 2024ر.س668.5bر.س270.0bر.س13.3b25.7x50.4x2.5x
Thu, 21 Dec 2023ر.س668.9bر.س269.9bر.س13.2b27.8x50.7x2.5x
Sat, 18 Nov 2023ر.س655.8bر.س270.0bر.س13.3b24.4x49.3x2.4x
Mon, 16 Oct 2023ر.س655.5bر.س283.2bر.س17.3b24.5x37.8x2.3x
Wed, 13 Sep 2023ر.س694.4bر.س283.0bر.س17.3b25x40.1x2.5x
Fri, 11 Aug 2023ر.س703.1bر.س306.3bر.س28.1b25.8x25x2.3x
Sun, 09 Jul 2023ر.س723.8bر.س313.3bر.س32.8b26.3x22.1x2.3x
Tue, 06 Jun 2023ر.س714.5bر.س314.0bر.س32.7b26.9x21.9x2.3x
Thu, 04 May 2023ر.س710.9bر.س332.8bر.س44.9b22.5x15.8x2.1x
Sat, 01 Apr 2023ر.س699.7bر.س333.5bر.س47.7b21.9x14.7x2.1x
Price to Earnings Ratio

14.7x


Total Market Cap: ر.س699.7bTotal Earnings: ر.س47.7bTotal Revenue: ر.س333.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Saudi Arabian Materials Sector Price to Earnings3Y Average 56.7x202420252026
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 64.6x which is higher than its 3-year average PE of 56.6x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 2.7x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have declined 40% per year over the last three years,
  • Revenues have also declined 9.9% 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-1.03%
Materials-2.93%
Chemicals0.061%
Packaging-0.08%
Basic Materials-0.99%
Paper and Forestry Products-3.25%
Metals and Mining-6.40%
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 227x.
    • Analysts are expecting annual earnings growth of 41.2%, 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 44% over the next 5 years.
  • This is better than its past earnings decline of 32% per year.
  • In contrast, the Basic Materials industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
2020 SABIC Agri-Nutrientsر.س136.600.8%
+ر.س523.6m		31.1%PE15x
2290 Yanbu National Petrochemicalر.س32.962.6%
+ر.س472.5m		-1.0%PE234.4x
2223 Saudi Aramco Base Oil Company - Luberefر.س96.550.6%
+ر.س101.0m		-6.1%PE19x
1320 Saudi Steel Pipesر.س39.605.0%
+ر.س95.0m		-34.0%PE10.4x
2200 Arabian Pipesر.س5.137.1%
+ر.س68.0m		-32.9%PE9.3x

Latest News

2200
ر.س5.13
Arabian Pipes
7D
7.1%
1Y
-32.9%
2330
ر.س22.00
Advanced Petrochemical
7D
-1.9%
1Y
-27.2%
2223
ر.س96.55
Saudi Aramco Base Oil Company - Luberef
7D
0.6%
1Y
-6.1%

2223: Planned 2025 Cash Payout Will Support Undervalued Upside

Analysts have made a small upward adjustment to their price target for Saudi Aramco Base Oil Company - Luberef to SAR123.53. This reflects updated assumptions around the discount rate, revenue growth, profit margin and future P/E, which leave the overall valuation level broadly unchanged.
2310
ر.س15.06
Sahara International Petrochemical
7D
-2.9%
1Y
-25.7%
2020
ر.س136.60
SABIC Agri-Nutrients
7D
0.8%
1Y
31.1%
2010
ر.س57.00
Saudi Basic Industries
7D
-0.2%
1Y
-9.7%

2010: New CEO Appointment And 2025 Dividend Decision Will Drive Upside

Analysts now place their price target for Saudi Basic Industries at around SAR 85, trimmed from about SAR 87. This reflects updated assumptions for revenue growth, profit margins and future P/E multiples in their valuation work.
2060
ر.س8.59
National Industrialization
7D
-2.3%
1Y
-6.9%
1211
ر.س64.85
Saudi Arabian Mining Company (Maaden)
7D
-6.8%
1Y
44.4%

1211: New Phosphate Project And Gold Resources Will Shape Measured Outlook

Analysts have reduced their fair value estimate for Saudi Arabian Mining Company (Maaden) from SAR 68.07 to SAR 65.86, citing updated assumptions for the discount rate, revenue growth, profit margin, and future P/E. What's in the News Maaden plans to develop a Fourth Phosphate Project after receiving Ministry of Energy approval to allocate the necessary feedstock.
1320
ر.س39.60
Saudi Steel Pipes
7D
5.0%
1Y
-34.0%
3030
ر.س33.38
Saudi Cement
7D
-3.2%
1Y
-24.7%
9513
ر.س1.91
Watani Iron Steel
7D
9.1%
1Y
-13.6%
2250
ر.س12.96
Saudi Industrial Investment Group
7D
0.7%
1Y
-22.0%
3003
ر.س12.39
City Cement
7D
1.5%
1Y
-39.6%
1322
ر.س87.20
Al Masane Al Kobra Mining
7D
-7.4%
1Y
51.4%
2290
ر.س32.96
Yanbu National Petrochemical
7D
2.6%
1Y
-1.0%
2300
ر.س51.30
Saudi Paper Manufacturing
7D
-4.8%
1Y
-7.4%