Insufficient Growth At SABIC Agri-Nutrients Company (TADAWUL:2020) Hampers Share Price
Apr 23
Saudi Arabian (Tadawul) Chemicals Industry Analysis
UpdatedApr 24, 2024
DataAggregated Company Financials
Companies15
- 7D-3.2%
- 3M-1.0%
- 1Y-14.0%
- YTD-6.4%
Over the last 7 days, the Chemicals industry has dropped 3.2%, driven by Saudi Basic Industries declining 3.7%. However, the industry is down 14% over the past year. Earnings are forecast to grow by 45% annually.
Industry Valuation and Performance
Has the Saudi Arabian Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 25 Apr 2024 | ر.س417.3b | ر.س191.8b | ر.س5.1b | 53.6x | 82x | 2.2x |
| Sat, 23 Mar 2024 | ر.س419.8b | ر.س192.1b | ر.س5.3b | 52.1x | 79.6x | 2.2x |
| Mon, 19 Feb 2024 | ر.س424.2b | ر.س212.3b | ر.س9.3b | 25.6x | 45.7x | 2x |
| Wed, 17 Jan 2024 | ر.س421.8b | ر.س212.3b | ر.س9.3b | 24.9x | 45.4x | 2x |
| Fri, 15 Dec 2023 | ر.س425.0b | ر.س212.3b | ر.س9.3b | 24.7x | 45.7x | 2x |
| Sun, 12 Nov 2023 | ر.س419.4b | ر.س200.5b | ر.س8.7b | 33.9x | 48.3x | 2.1x |
| Tue, 10 Oct 2023 | ر.س436.0b | ر.س221.6b | ر.س10.9b | 46.9x | 39.8x | 2x |
| Thu, 07 Sep 2023 | ر.س473.5b | ر.س221.8b | ر.س11.0b | 38.4x | 42.9x | 2.1x |
| Sat, 05 Aug 2023 | ر.س462.7b | ر.س244.5b | ر.س20.3b | 27.7x | 22.8x | 1.9x |
| Mon, 03 Jul 2023 | ر.س476.1b | ر.س248.3b | ر.س22.5b | 26.1x | 21.2x | 1.9x |
| Wed, 31 May 2023 | ر.س470.8b | ر.س249.6b | ر.س23.3b | 20x | 20.2x | 1.9x |
| Fri, 28 Apr 2023 | ر.س480.1b | ر.س267.7b | ر.س33.0b | 16.8x | 14.6x | 1.8x |
| Sun, 26 Mar 2023 | ر.س465.0b | ر.س269.3b | ر.س36.1b | 13.1x | 12.9x | 1.7x |
| Tue, 21 Feb 2023 | ر.س471.9b | ر.س278.4b | ر.س42.6b | 13.1x | 11.1x | 1.7x |
| Thu, 19 Jan 2023 | ر.س483.6b | ر.س278.4b | ر.س42.6b | 13.5x | 11.3x | 1.7x |
| Sat, 17 Dec 2022 | ر.س416.8b | ر.س269.3b | ر.س41.2b | 13.1x | 10.1x | 1.5x |
| Mon, 14 Nov 2022 | ر.س432.9b | ر.س269.2b | ر.س41.2b | 14.3x | 10.5x | 1.6x |
| Wed, 12 Oct 2022 | ر.س475.2b | ر.س264.4b | ر.س46.6b | 14x | 10.2x | 1.8x |
| Fri, 09 Sep 2022 | ر.س500.2b | ر.س264.4b | ر.س46.6b | 14.2x | 10.7x | 1.9x |
| Sun, 07 Aug 2022 | ر.س510.0b | ر.س245.9b | ر.س44.5b | 15.4x | 11.5x | 2.1x |
| Tue, 05 Jul 2022 | ر.س511.4b | ر.س244.5b | ر.س45.0b | 12.4x | 11.4x | 2.1x |
| Thu, 02 Jun 2022 | ر.س569.4b | ر.س244.4b | ر.س45.0b | 13.2x | 12.7x | 2.3x |
| Sat, 30 Apr 2022 | ر.س662.0b | ر.س224.5b | ر.س42.9b | 16x | 15.4x | 2.9x |
| Mon, 28 Mar 2022 | ر.س668.8b | ر.س223.4b | ر.س41.0b | 16.4x | 16.3x | 3x |
| Wed, 23 Feb 2022 | ر.س605.1b | ر.س221.2b | ر.س39.4b | 15.9x | 15.4x | 2.7x |
| Fri, 21 Jan 2022 | ر.س646.9b | ر.س205.4b | ر.س34.0b | 17.2x | 19x | 3.1x |
| Sun, 19 Dec 2021 | ر.س601.6b | ر.س205.4b | ر.س34.0b | 16.5x | 17.7x | 2.9x |
| Tue, 16 Nov 2021 | ر.س653.8b | ر.س205.4b | ر.س34.1b | 17.7x | 19.2x | 3.2x |
| Thu, 14 Oct 2021 | ر.س655.2b | ر.س193.6b | ر.س26.0b | 20.8x | 25.2x | 3.4x |
| Sat, 11 Sep 2021 | ر.س602.7b | ر.س193.6b | ر.س26.0b | 21.4x | 23.2x | 3.1x |
| Mon, 09 Aug 2021 | ر.س590.3b | ر.س193.6b | ر.س26.0b | 20.7x | 22.7x | 3x |
| Sun, 02 May 2021 | ر.س587.5b | ر.س168.3b | ر.س11.0b | 33.1x | 53.4x | 3.5x |
Price to Earnings Ratio
53.4x
Current Industry PE
- Investors are optimistic on the Saudi Chemicals industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 82.0x which is higher than its 3-year average PE of 26.3x.
- The industry is trading close to its 3-year average PS ratio of 2.3x.
Past Earnings Growth
- The earnings for companies in the Chemicals industry have declined 23% per year over the last three years.
- Meanwhile revenues for these companies have grown 4.5% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Saudi Arabian Materials industry?
| SA Market | 0.39% | |
| Materials | -2.55% | |
| Chemicals | -3.24% | |
| Specialty Chemicals | 0% | |
| Industrial Gases | 0% | |
| Commodity Chemicals | -2.60% | |
| Diversified Chemicals | -3.02% | |
| Fertilizers and Agricultural Chemicals | -7.52% | |
Industry PE
- Investors are most optimistic about the Commodity Chemicals industry which is trading above its 3-year average PE ratio of 40.4x.
- Analysts are expecting annual earnings growth of 51.8%, which is higher than its past year's earnings decline of 59.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 52% over the next 5 years.
- This is better than its past earnings decline of 60% per year.
- In contrast, the Fertilizers and Agricultural Chemicals 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 9539 Aqaseem Factory for Chemicals and Plastics | ر.س62.80 | 2.3% +ر.س3.5m | 4.7% | PE15.6x |
