Saudi Aramco Base Oil Company - Luberef (TADAWUL:2223) Might Not Be As Mispriced As It Looks
Sep 18
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Saudi Arabian (Tadawul) Materials Sector Analysis
UpdatedSep 18, 2025
DataAggregated Company Financials
Companies67
- 7D1.9%
- 3M9.4%
- 1Y-3.7%
- YTD-4.7%
In the last week, the Materials industry is up 1.9%, with Saudi Arabian Mining Company (Ma'aden) up 3.8%. In the past year, the industry is down 3.7%. Looking forward, earnings are forecast to grow by 40% 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 |
|---|---|---|---|---|---|---|
| Thu, 18 Sep 2025 | ر.س609.0b | ر.س267.2b | ر.س5.2b | 19.4x | 116.4x | 2.3x |
| Sat, 16 Aug 2025 | ر.س597.2b | ر.س267.0b | ر.س5.2b | 20.5x | 115.9x | 2.2x |
| Mon, 14 Jul 2025 | ر.س607.1b | ر.س264.6b | ر.س11.5b | 21.1x | 52.7x | 2.3x |
| Wed, 11 Jun 2025 | ر.س568.4b | ر.س264.3b | ر.س11.5b | 20.8x | 49.4x | 2.2x |
| Fri, 09 May 2025 | ر.س583.2b | ر.س259.7b | ر.س12.0b | 20.9x | 48.6x | 2.2x |
| Sun, 06 Apr 2025 | ر.س584.1b | ر.س258.4b | ر.س11.9b | 22x | 49.2x | 2.3x |
| Tue, 04 Mar 2025 | ر.س590.3b | ر.س255.9b | ر.س13.6b | 23.5x | 43.4x | 2.3x |
| Thu, 30 Jan 2025 | ر.س634.0b | ر.س255.5b | ر.س13.7b | 23.6x | 46.3x | 2.5x |
| Sat, 28 Dec 2024 | ر.س623.7b | ر.س255.5b | ر.س13.6b | 22.3x | 45.7x | 2.4x |
| Mon, 25 Nov 2024 | ر.س650.3b | ر.س255.5b | ر.س13.6b | 22.7x | 47.7x | 2.5x |
| Wed, 23 Oct 2024 | ر.س669.0b | ر.س250.3b | ر.س11.7b | 25.6x | 57.3x | 2.7x |
| Fri, 20 Sep 2024 | ر.س629.4b | ر.س250.3b | ر.س11.7b | 25.6x | 53.9x | 2.5x |
| Sun, 18 Aug 2024 | ر.س626.6b | ر.س249.9b | ر.س11.6b | 26.3x | 54x | 2.5x |
| Tue, 16 Jul 2024 | ر.س657.3b | ر.س246.3b | ر.س9.6b | 25.4x | 68.6x | 2.7x |
| Thu, 13 Jun 2024 | ر.س650.5b | ر.س245.6b | ر.س9.5b | 25.5x | 68.5x | 2.6x |
| Sat, 11 May 2024 | ر.س692.6b | ر.س245.4b | ر.س8.8b | 31.3x | 78.6x | 2.8x |
| Mon, 08 Apr 2024 | ر.س741.3b | ر.س248.4b | ر.س8.8b | 30x | 84.1x | 3x |
| Wed, 06 Mar 2024 | ر.س683.7b | ر.س269.3b | ر.س12.5b | 27.6x | 54.9x | 2.5x |
| Fri, 02 Feb 2024 | ر.س667.4b | ر.س270.0b | ر.س13.3b | 27.4x | 50.3x | 2.5x |
| Sun, 31 Dec 2023 | ر.س687.5b | ر.س269.9b | ر.س13.2b | 28.3x | 52.1x | 2.5x |
| Tue, 28 Nov 2023 | ر.س646.9b | ر.س269.9b | ر.س13.2b | 25.8x | 49x | 2.4x |
| Thu, 26 Oct 2023 | ر.س631.4b | ر.س282.0b | ر.س16.7b | 23.5x | 37.8x | 2.2x |
| Sat, 23 Sep 2023 | ر.س673.5b | ر.س283.0b | ر.س17.3b | 24.9x | 38.9x | 2.4x |
| Mon, 21 Aug 2023 | ر.س695.2b | ر.س282.9b | ر.س17.3b | 27x | 40.1x | 2.5x |
| Wed, 19 Jul 2023 | ر.س709.0b | ر.س313.7b | ر.س32.8b | 26x | 21.6x | 2.3x |
| Fri, 16 Jun 2023 | ر.س715.4b | ر.س313.2b | ر.س32.8b | 27.2x | 21.8x | 2.3x |
| Sun, 14 May 2023 | ر.س734.0b | ر.س332.9b | ر.س44.9b | 23.4x | 16.3x | 2.2x |
| Tue, 11 Apr 2023 | ر.س721.0b | ر.س332.2b | ر.س46.0b | 22.3x | 15.7x | 2.2x |
| Thu, 09 Mar 2023 | ر.س701.1b | ر.س340.8b | ر.س54.9b | 21.1x | 12.8x | 2.1x |
| Sat, 04 Feb 2023 | ر.س726.5b | ر.س341.1b | ر.س55.1b | 21.2x | 13.2x | 2.1x |
| Mon, 02 Jan 2023 | ر.س703.7b | ر.س341.0b | ر.س55.1b | 20.7x | 12.8x | 2.1x |
| Wed, 30 Nov 2022 | ر.س653.7b | ر.س331.7b | ر.س53.8b | 21.2x | 12.1x | 2x |
| Fri, 28 Oct 2022 | ر.س750.1b | ر.س322.2b | ر.س56.6b | 21.3x | 13.2x | 2.3x |
| Sun, 25 Sep 2022 | ر.س708.9b | ر.س322.5b | ر.س58.3b | 21.5x | 12.2x | 2.2x |
Price to Earnings Ratio
12.2x
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 116x which is higher than its 3-year average PE of 44.6x.
- 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 6.1% 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 | 3.02% | |
| Materials | 1.89% | |
| Metals and Mining | 3.66% | |
| Paper and Forestry Products | 3.33% | |
| Basic Materials | 0.95% | |
| Chemicals | 0.75% | |
| Packaging | -0.83% | |
Industry PE
- Investors are most optimistic about the Paper and Forestry Products industry which is trading above its 3-year average PE ratio of 139x.
- Analysts are expecting annual earnings growth of 23.9%, which is higher than its past year's earnings decline of 47.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Chemicals industry, expecting annual earnings growth of 61% over the next 5 years.
- This is better than its past earnings decline of 21% per year.
- In contrast, the Basic Materials industry is expected to see its earnings grow by 4.1% 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.س56.25 | 3.8% +ر.س8.0b | 33.5% | PE50.3x | |
| 2020 SABIC Agri-Nutrients | ر.س115.90 | 1.8% +ر.س952.1m | 4.8% | PE14.4x | |
| 2223 Saudi Aramco Base Oil Company - Luberef | ر.س84.85 | 3.2% +ر.س437.5m | -33.9% | PE15.8x | |
| 2350 Saudi Kayan Petrochemical | ر.س5.02 | 4.4% +ر.س315.0m | -36.3% | PS0.8x | |
| 2060 National Industrialization | ر.س10.70 | 4.6% +ر.س314.4m | -1.1% | PE7.5x |
