City Cement's (TADAWUL:3003) Weak Earnings May Only Reveal A Part Of The Whole Picture
Aug 08
Saudi Arabian (Tadawul) Basic Materials Industry Analysis
UpdatedAug 16, 2024
DataAggregated Company Financials
Companies22
- 7D1.3%
- 3M-10.3%
- 1Y-22.9%
- YTD-17.2%
Last week, the Basic Materials industry hasn't moved much but Riyadh Cement is up 5.3% in that time. As for the longer term, the industry has declined 23% in the last year. Looking forward, earnings are forecast to grow by 12% annually.
Industry Valuation and Performance
Has the Saudi Arabian Basic Materials Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 16 Aug 2024 | ر.س47.8b | ر.س10.6b | ر.س2.1b | 23.9x | 22.3x | 4.5x |
| Sun, 14 Jul 2024 | ر.س50.5b | ر.س10.2b | ر.س2.1b | 24.6x | 24.4x | 4.9x |
| Tue, 11 Jun 2024 | ر.س51.1b | ر.س10.4b | ر.س2.1b | 25.4x | 24.3x | 4.9x |
| Thu, 09 May 2024 | ر.س52.4b | ر.س10.4b | ر.س2.1b | 26.8x | 25.2x | 5x |
| Sat, 06 Apr 2024 | ر.س53.7b | ر.س10.5b | ر.س2.1b | 27.8x | 25.3x | 5.1x |
| Mon, 04 Mar 2024 | ر.س54.0b | ر.س10.8b | ر.س2.3b | 25.7x | 23.1x | 5x |
| Wed, 31 Jan 2024 | ر.س52.5b | ر.س10.9b | ر.س2.4b | 23.7x | 21.7x | 4.8x |
| Fri, 29 Dec 2023 | ر.س57.4b | ر.س10.9b | ر.س2.4b | 26.7x | 23.7x | 5.3x |
| Sun, 26 Nov 2023 | ر.س56.5b | ر.س10.9b | ر.س2.4b | 25.9x | 23.3x | 5.2x |
| Tue, 24 Oct 2023 | ر.س53.2b | ر.س11.2b | ر.س2.6b | 20.3x | 20.1x | 4.8x |
| Thu, 21 Sep 2023 | ر.س57.9b | ر.س11.2b | ر.س2.7b | 21.4x | 21.8x | 5.2x |
| Sat, 19 Aug 2023 | ر.س60.7b | ر.س11.1b | ر.س2.6b | 23x | 23.5x | 5.5x |
| Mon, 17 Jul 2023 | ر.س64.6b | ر.س11.2b | ر.س2.6b | 26.8x | 24.7x | 5.8x |
| Wed, 14 Jun 2023 | ر.س64.1b | ر.س11.1b | ر.س2.6b | 27.3x | 24.6x | 5.8x |
| Fri, 12 May 2023 | ر.س61.3b | ر.س10.8b | ر.س2.3b | 26.6x | 26.1x | 5.7x |
| Sun, 09 Apr 2023 | ر.س59.8b | ر.س10.4b | ر.س2.1b | 26.3x | 29.1x | 5.7x |
| Tue, 07 Mar 2023 | ر.س58.1b | ر.س10.1b | ر.س1.9b | 26.5x | 30.9x | 5.8x |
| Thu, 02 Feb 2023 | ر.س58.0b | ر.س9.9b | ر.س1.7b | 28.1x | 33.4x | 5.8x |
| Sat, 31 Dec 2022 | ر.س55.4b | ر.س9.9b | ر.س1.7b | 26.2x | 31.9x | 5.6x |
| Mon, 28 Nov 2022 | ر.س56.4b | ر.س9.9b | ر.س1.7b | 26.5x | 32.5x | 5.7x |
| Wed, 26 Oct 2022 | ر.س61.4b | ر.س9.6b | ر.س1.7b | 29x | 37x | 6.4x |
| Fri, 23 Sep 2022 | ر.س59.2b | ر.س9.6b | ر.س1.7b | 28.4x | 35.6x | 6.2x |
| Sun, 21 Aug 2022 | ر.س65.4b | ر.س9.8b | ر.س1.9b | 29.4x | 35.3x | 6.7x |
| Tue, 19 Jul 2022 | ر.س58.9b | ر.س9.9b | ر.س1.9b | 27.7x | 30.9x | 5.9x |
| Thu, 16 Jun 2022 | ر.س61.2b | ر.س9.9b | ر.س1.9b | 29.6x | 32.1x | 6.2x |
| Sat, 14 May 2022 | ر.س68.5b | ر.س10.3b | ر.س2.2b | 31x | 31.5x | 6.7x |
| Mon, 11 Apr 2022 | ر.س71.3b | ر.س10.6b | ر.س2.4b | 26.3x | 29.4x | 6.7x |
| Wed, 09 Mar 2022 | ر.س68.2b | ر.س60.3b | ر.س11.8b | 24.2x | 5.8x | 1.1x |
| Fri, 04 Feb 2022 | ر.س68.2b | ر.س60.6b | ر.س12.1b | 19.7x | 5.6x | 1.1x |
| Sun, 02 Jan 2022 | ر.س65.7b | ر.س60.6b | ر.س12.1b | 19.7x | 5.4x | 1.1x |
| Tue, 30 Nov 2021 | ر.س65.8b | ر.س60.6b | ر.س12.1b | 19.4x | 5.4x | 1.1x |
| Thu, 28 Oct 2021 | ر.س69.8b | ر.س61.1b | ر.س12.4b | 18.1x | 5.6x | 1.1x |
| Sat, 25 Sep 2021 | ر.س74.5b | ر.س61.2b | ر.س12.5b | 18.9x | 6x | 1.2x |
| Mon, 23 Aug 2021 | ر.س75.9b | ر.س61.1b | ر.س12.5b | 19.5x | 6.1x | 1.2x |
Price to Earnings Ratio
6.1x
Current Industry PE
- Investors are relatively neutral on the Saudi Basic Materials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 22.8x.
- The industry is trading close to its 3-year average PS ratio of 4.6x.
Past Earnings Growth
- The earnings for companies in the Basic Materials industry have declined 44% per year over the last three years,
- Revenues have also declined 44% 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 industry?
| SA Market | 1.92% | |
| Materials | 1.17% | |
| Basic Materials | 1.27% | |
| Construction Materials | 1.27% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 3092 Riyadh Cement | ر.س26.15 | 5.3% +ر.س157.2m | -18.3% | PE16x | |
| 9601 Mohammed Hadi Al-Rasheed | ر.س76.00 | 20.6% +ر.س156.0m | n/a | PE20.4x | |
| 3050 Southern Province Cement | ر.س35.65 | 1.7% +ر.س84.0m | -25.3% | PE23.9x | |
| 3003 City Cement | ر.س17.52 | 2.9% +ر.س70.0m | -18.0% | PE24.7x | |
| 3080 Eastern Province Cement | ر.س31.80 | 2.6% +ر.س68.8m | -26.7% | PE12.5x |
