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 17, 2024
DataAggregated Company Financials
Companies22
- 7D1.3%
- 3M-10.3%
- 1Y-22.9%
- YTD-17.2%
Over the last 7 days, the Basic Materials industry has risen 1.3%, driven by gains in Riyadh Cement and Mohammed Hadi Al-Rasheed of 5.3% and 21%, respectively. In contrast, the industry has lost 23% in the last 12 months. As for the next few years, earnings are expected to grow by 12% per annum.
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 |
|---|---|---|---|---|---|---|
| Sat, 17 Aug 2024 | ر.س47.8b | ر.س10.6b | ر.س2.1b | 23.9x | 22.3x | 4.5x |
| Mon, 15 Jul 2024 | ر.س50.5b | ر.س10.2b | ر.س2.1b | 25.1x | 24.4x | 4.9x |
| Wed, 12 Jun 2024 | ر.س51.1b | ر.س10.4b | ر.س2.1b | 25.4x | 24.3x | 4.9x |
| Fri, 10 May 2024 | ر.س52.3b | ر.س10.4b | ر.س2.1b | 26.9x | 25.1x | 5x |
| Sun, 07 Apr 2024 | ر.س53.7b | ر.س10.5b | ر.س2.1b | 27.8x | 25.3x | 5.1x |
| Tue, 05 Mar 2024 | ر.س53.8b | ر.س10.8b | ر.س2.3b | 25.4x | 23x | 5x |
| Thu, 01 Feb 2024 | ر.س52.3b | ر.س10.9b | ر.س2.4b | 23.7x | 21.6x | 4.8x |
| Sat, 30 Dec 2023 | ر.س57.4b | ر.س10.9b | ر.س2.4b | 26.7x | 23.7x | 5.3x |
| Mon, 27 Nov 2023 | ر.س56.7b | ر.س10.9b | ر.س2.4b | 25.9x | 23.4x | 5.2x |
| Wed, 25 Oct 2023 | ر.س52.5b | ر.س11.2b | ر.س2.6b | 20x | 19.8x | 4.7x |
| Fri, 22 Sep 2023 | ر.س57.8b | ر.س11.2b | ر.س2.7b | 21.2x | 21.8x | 5.2x |
| Sun, 20 Aug 2023 | ر.س60.7b | ر.س11.1b | ر.س2.6b | 23x | 23.5x | 5.5x |
| Tue, 18 Jul 2023 | ر.س64.3b | ر.س11.2b | ر.س2.6b | 26.7x | 24.6x | 5.8x |
| Thu, 15 Jun 2023 | ر.س64.9b | ر.س11.1b | ر.س2.6b | 27.7x | 24.9x | 5.8x |
| Sat, 13 May 2023 | ر.س61.4b | ر.س10.8b | ر.س2.3b | 26.6x | 26.2x | 5.7x |
| Mon, 10 Apr 2023 | ر.س59.8b | ر.س10.4b | ر.س2.1b | 27.3x | 29.1x | 5.7x |
| Wed, 08 Mar 2023 | ر.س58.1b | ر.س10.1b | ر.س1.9b | 26.6x | 30.9x | 5.8x |
| Fri, 03 Feb 2023 | ر.س57.7b | ر.س9.9b | ر.س1.7b | 27.6x | 33.3x | 5.8x |
| Sun, 01 Jan 2023 | ر.س55.4b | ر.س9.9b | ر.س1.7b | 26.2x | 31.9x | 5.6x |
| Tue, 29 Nov 2022 | ر.س56.2b | ر.س9.9b | ر.س1.7b | 26.4x | 32.4x | 5.7x |
| Thu, 27 Oct 2022 | ر.س61.6b | ر.س9.7b | ر.س1.7b | 28.9x | 35.7x | 6.4x |
| Sat, 24 Sep 2022 | ر.س59.2b | ر.س9.6b | ر.س1.7b | 28.4x | 35.6x | 6.2x |
| Mon, 22 Aug 2022 | ر.س65.3b | ر.س9.8b | ر.س1.9b | 29.2x | 35.2x | 6.7x |
| Wed, 20 Jul 2022 | ر.س58.9b | ر.س9.9b | ر.س1.9b | 27.7x | 30.9x | 5.9x |
| Fri, 17 Jun 2022 | ر.س60.7b | ر.س9.9b | ر.س1.9b | 28.8x | 31.9x | 6.1x |
| Sun, 15 May 2022 | ر.س68.5b | ر.س10.3b | ر.س2.2b | 31x | 31.5x | 6.7x |
| Tue, 12 Apr 2022 | ر.س70.9b | ر.س10.6b | ر.س2.4b | 26.5x | 29.2x | 6.7x |
| Thu, 10 Mar 2022 | ر.س67.2b | ر.س60.2b | ر.س11.7b | 24.1x | 5.7x | 1.1x |
| Sat, 05 Feb 2022 | ر.س68.2b | ر.س60.6b | ر.س12.1b | 19.6x | 5.6x | 1.1x |
| Mon, 03 Jan 2022 | ر.س65.8b | ر.س60.6b | ر.س12.1b | 19.7x | 5.4x | 1.1x |
| Wed, 01 Dec 2021 | ر.س64.7b | ر.س60.6b | ر.س12.1b | 19.4x | 5.3x | 1.1x |
| Fri, 29 Oct 2021 | ر.س69.4b | ر.س61.1b | ر.س12.4b | 18.2x | 5.6x | 1.1x |
| Sun, 26 Sep 2021 | ر.س74.5b | ر.س61.2b | ر.س12.5b | 18.9x | 6x | 1.2x |
| Tue, 24 Aug 2021 | ر.س76.4b | ر.س61.1b | ر.س12.5b | 19.8x | 6.1x | 1.3x |
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 | 1.26% | |
| Construction Materials | 1.26% | |
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 |
