Saudi Basic Industries Corporation's (TADAWUL:2010) P/S Still Appears To Be Reasonable
Dec 17
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Saudi Arabian (Tadawul) Materials Sector Analysis
UpdatedDec 20, 2024
DataAggregated Company Financials
Companies65
- 7D-3.6%
- 3M-1.2%
- 1Y-7.8%
- YTD-13.3%
Over the last 7 days, the Materials industry has dropped 3.6%, driven by a pullback from Saudi Arabian Mining Company (Ma'aden) of 5.8%. However, the industry is down 7.8% over the past year. As for the next few years, earnings are expected to grow by 34% 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 |
|---|---|---|---|---|---|---|
| Fri, 20 Dec 2024 | ر.س621.4b | ر.س255.5b | ر.س13.6b | 22.4x | 45.5x | 2.4x |
| Sun, 17 Nov 2024 | ر.س647.8b | ر.س255.3b | ر.س13.6b | 23.3x | 47.7x | 2.5x |
| Tue, 15 Oct 2024 | ر.س652.9b | ر.س250.3b | ر.س11.7b | 24.9x | 55.9x | 2.6x |
| Thu, 12 Sep 2024 | ر.س615.8b | ر.س250.2b | ر.س11.7b | 25x | 52.8x | 2.5x |
| Sat, 10 Aug 2024 | ر.س619.3b | ر.س247.5b | ر.س9.9b | 24.7x | 62.4x | 2.5x |
| Mon, 08 Jul 2024 | ر.س637.3b | ر.س246.4b | ر.س9.6b | 26.4x | 66.5x | 2.6x |
| Wed, 05 Jun 2024 | ر.س647.3b | ر.س245.6b | ر.س9.5b | 25.6x | 68.1x | 2.6x |
| Fri, 03 May 2024 | ر.س702.5b | ر.س249.1b | ر.س9.2b | 28.7x | 76.2x | 2.8x |
| Sun, 31 Mar 2024 | ر.س691.4b | ر.س248.6b | ر.س9.0b | 29.2x | 76.9x | 2.8x |
| Tue, 27 Feb 2024 | ر.س687.7b | ر.س270.2b | ر.س13.3b | 28x | 51.5x | 2.5x |
| Thu, 25 Jan 2024 | ر.س673.1b | ر.س270.0b | ر.س13.3b | 26.4x | 50.7x | 2.5x |
| Sat, 23 Dec 2023 | ر.س667.7b | ر.س269.9b | ر.س13.2b | 27.6x | 50.6x | 2.5x |
| Mon, 20 Nov 2023 | ر.س666.8b | ر.س269.9b | ر.س13.2b | 26.5x | 50.4x | 2.5x |
| Wed, 18 Oct 2023 | ر.س655.5b | ر.س283.2b | ر.س17.3b | 24.5x | 37.8x | 2.3x |
| Fri, 15 Sep 2023 | ر.س683.3b | ر.س283.0b | ر.س17.3b | 25.7x | 39.4x | 2.4x |
| Sun, 13 Aug 2023 | ر.س702.1b | ر.س287.5b | ر.س21.3b | 25.8x | 32.9x | 2.4x |
| Tue, 11 Jul 2023 | ر.س726.3b | ر.س313.6b | ر.س32.8b | 27.2x | 22.2x | 2.3x |
| Thu, 08 Jun 2023 | ر.س663.9b | ر.س313.2b | ر.س32.8b | 26.7x | 20.3x | 2.1x |
| Sat, 06 May 2023 | ر.س712.9b | ر.س332.8b | ر.س44.9b | 22.5x | 15.9x | 2.1x |
| Mon, 03 Apr 2023 | ر.س699.7b | ر.س333.5b | ر.س47.7b | 22.5x | 14.7x | 2.1x |
| Wed, 01 Mar 2023 | ر.س690.6b | ر.س340.8b | ر.س54.9b | 21.4x | 12.6x | 2x |
| Fri, 27 Jan 2023 | ر.س750.6b | ر.س341.1b | ر.س55.1b | 21.6x | 13.6x | 2.2x |
| Sun, 25 Dec 2022 | ر.س656.9b | ر.س331.9b | ر.س53.8b | 20.6x | 12.2x | 2x |
| Tue, 22 Nov 2022 | ر.س657.6b | ر.س331.7b | ر.س53.8b | 21.8x | 12.2x | 2x |
| Thu, 20 Oct 2022 | ر.س752.4b | ر.س322.5b | ر.س58.3b | 21.3x | 12.9x | 2.3x |
| Sat, 17 Sep 2022 | ر.س731.2b | ر.س322.5b | ر.س58.3b | 22.4x | 12.5x | 2.3x |
| Mon, 15 Aug 2022 | ر.س791.6b | ر.س322.9b | ر.س58.6b | 25x | 13.5x | 2.5x |
| Wed, 13 Jul 2022 | ر.س688.0b | ر.س297.3b | ر.س54.1b | 20.3x | 12.7x | 2.3x |
| Fri, 10 Jun 2022 | ر.س803.3b | ر.س297.2b | ر.س54.1b | 22.5x | 14.8x | 2.7x |
| Sun, 08 May 2022 | ر.س927.6b | ر.س278.2b | ر.س52.7b | 22.6x | 17.6x | 3.3x |
| Tue, 05 Apr 2022 | ر.س939.1b | ر.س322.4b | ر.س58.1b | 22.2x | 16.2x | 2.9x |
| Thu, 03 Mar 2022 | ر.س890.3b | ر.س320.6b | ر.س57.0b | 18.6x | 15.6x | 2.8x |
| Sat, 29 Jan 2022 | ر.س828.4b | ر.س293.2b | ر.س50.0b | 19.5x | 16.6x | 2.8x |
| Mon, 27 Dec 2021 | ر.س775.1b | ر.س301.0b | ر.س50.2b | n/a | 15.4x | 2.6x |
Price to Earnings Ratio
15.4x
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 45.5x which is higher than its 3-year average PE of 33.9x.
- 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 | 0.27% | |
| Materials | -3.65% | |
| Basic Materials | -1.03% | |
| Packaging | -1.55% | |
| Chemicals | -2.97% | |
| Paper and Forestry Products | -2.99% | |
| Metals and Mining | -5.43% | |
Industry PE
- Investors are most optimistic about the Packaging industry which is trading above its 3-year average PE ratio of 112x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Basic Materials industry, which is trading below its 3-year average of 24.6x.
Forecasted Growth
- Analysts are most optimistic on the Paper and Forestry Products industry, expecting annual earnings growth of 55% over the next 5 years.
- However this is lower than its past earnings growth rate of 77% per year.
- In contrast, the Basic Materials industry is expected to see its earnings grow 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 3020 YAMAMA Cement | ر.س34.00 | 1.5% +ر.س101.3m | 1.5% | PE19.7x | |
| 1304 Al Yamamah Steel Industries | ر.س36.10 | 3.3% +ر.س58.4m | 53.1% | PE42.1x | |
| 9601 Mohammed Hadi Al-Rasheed | ر.س89.90 | 5.3% +ر.س54.0m | n/a | PE15.6x | |
| 2200 Arabian Pipes | ر.س116.00 | 2.1% +ر.س36.0m | 44.8% | PE9x | |
| 3005 Umm Al-Qura Cement | ر.س18.48 | 2.7% +ر.س26.4m | 9.0% | PE29.9x |
