Saudi Basic Industries Corporation's (TADAWUL:2010) P/S Still Appears To Be Reasonable
Dec 17
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Saudi Arabian (Tadawul) Chemicals Industry Analysis
UpdatedDec 20, 2024
DataAggregated Company Financials
Companies17
- 7D-3.0%
- 3M-9.3%
- 1Y-18.8%
- YTD-21.1%
Over the last 7 days, the Chemicals industry has dropped 2.8%, driven by a pullback from Saudi Basic Industries of 3.2%. Overall the industry is down 18% in 12 months. Earnings are forecast to grow by 43% 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 |
|---|---|---|---|---|---|---|
| Fri, 20 Dec 2024 | ر.س352.4b | ر.س192.8b | ر.س6.2b | 45.6x | 56.6x | 1.8x |
| Sun, 17 Nov 2024 | ر.س370.6b | ر.س192.8b | ر.س6.2b | 47.5x | 59.5x | 1.9x |
| Tue, 15 Oct 2024 | ر.س389.6b | ر.س191.0b | ر.س5.8b | 57.4x | 67.5x | 2x |
| Thu, 12 Sep 2024 | ر.س385.4b | ر.س191.0b | ر.س5.8b | 55.8x | 66.8x | 2x |
| Sat, 10 Aug 2024 | ر.س390.9b | ر.س189.4b | ر.س4.9b | 58.9x | 79.5x | 2.1x |
| Mon, 08 Jul 2024 | ر.س393.3b | ر.س188.8b | ر.س4.9b | 52.7x | 79.9x | 2.1x |
| Wed, 05 Jun 2024 | ر.س397.8b | ر.س188.7b | ر.س4.9b | 42.4x | 80.8x | 2.1x |
| Fri, 03 May 2024 | ر.س431.6b | ر.س192.6b | ر.س5.5b | 53x | 78.2x | 2.2x |
| Sun, 31 Mar 2024 | ر.س418.9b | ر.س192.1b | ر.س5.2b | 55x | 80.9x | 2.2x |
| Tue, 27 Feb 2024 | ر.س421.5b | ر.س212.3b | ر.س9.3b | 25.9x | 45.4x | 2x |
| Thu, 25 Jan 2024 | ر.س421.3b | ر.س212.3b | ر.س9.3b | 24.4x | 45.3x | 2x |
| Sat, 23 Dec 2023 | ر.س432.8b | ر.س212.3b | ر.س9.3b | 25x | 46.6x | 2x |
| Mon, 20 Nov 2023 | ر.س440.8b | ر.س212.2b | ر.س9.3b | 35.3x | 47.4x | 2.1x |
| Wed, 18 Oct 2023 | ر.س433.0b | ر.س221.6b | ر.س10.9b | 46.6x | 39.6x | 2x |
| Fri, 15 Sep 2023 | ر.س460.1b | ر.س221.6b | ر.س10.9b | 49x | 42.1x | 2.1x |
| Sun, 13 Aug 2023 | ر.س467.7b | ر.س221.8b | ر.س11.1b | 40.3x | 42.1x | 2.1x |
| Tue, 11 Jul 2023 | ر.س476.6b | ر.س248.3b | ر.س22.5b | 25.3x | 21.2x | 1.9x |
| Thu, 08 Jun 2023 | ر.س472.5b | ر.س248.3b | ر.س22.5b | 28.1x | 21x | 1.9x |
| Sat, 06 May 2023 | ر.س464.3b | ر.س267.7b | ر.س33.0b | 16.2x | 14.1x | 1.7x |
| Mon, 03 Apr 2023 | ر.س464.8b | ر.س269.3b | ر.س36.1b | 13.6x | 12.9x | 1.7x |
| Wed, 01 Mar 2023 | ر.س458.5b | ر.س277.9b | ر.س42.2b | 12.5x | 10.9x | 1.7x |
| Fri, 27 Jan 2023 | ر.س489.2b | ر.س278.4b | ر.س42.6b | 13.5x | 11.5x | 1.8x |
| Sun, 25 Dec 2022 | ر.س430.2b | ر.س269.3b | ر.س41.2b | 12.9x | 10.4x | 1.6x |
| Tue, 22 Nov 2022 | ر.س420.0b | ر.س269.2b | ر.س41.2b | 14x | 10.2x | 1.6x |
| Thu, 20 Oct 2022 | ر.س481.7b | ر.س264.4b | ر.س46.6b | 14.2x | 10.3x | 1.8x |
| Sat, 17 Sep 2022 | ر.س488.0b | ر.س264.4b | ر.س46.6b | 14.2x | 10.5x | 1.8x |
| Mon, 15 Aug 2022 | ر.س533.6b | ر.س264.2b | ر.س46.5b | 16.3x | 11.5x | 2x |
| Wed, 13 Jul 2022 | ر.س489.1b | ر.س244.5b | ر.س45.0b | 11.9x | 10.9x | 2x |
| Fri, 10 Jun 2022 | ر.س565.5b | ر.س244.4b | ر.س45.0b | 12.8x | 12.6x | 2.3x |
| Sun, 08 May 2022 | ر.س662.0b | ر.س224.8b | ر.س42.9b | 16x | 15.4x | 2.9x |
| Tue, 05 Apr 2022 | ر.س675.9b | ر.س223.4b | ر.س41.0b | 16.6x | 16.5x | 3x |
| Thu, 03 Mar 2022 | ر.س672.9b | ر.س221.2b | ر.س39.4b | 17.1x | 17.1x | 3x |
| Sat, 29 Jan 2022 | ر.س628.5b | ر.س197.6b | ر.س33.9b | 17.4x | 18.5x | 3.2x |
| Mon, 27 Dec 2021 | ر.س598.2b | ر.س205.4b | ر.س34.0b | n/a | 17.6x | 2.9x |
Price to Earnings Ratio
17.6x
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 57.2x which is higher than its 3-year average PE of 35.5x.
- The 3-year average PS ratio of 2.1x is higher than the industry's current PS ratio of 1.8x.
Past Earnings Growth
- The earnings for companies in the Chemicals industry have declined 43% per year over the last three years,
- Revenues have also declined 2.1% 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 industry?
| SA Market | 0.27% | |
| Materials | -3.65% | |
| Chemicals | -2.97% | |
| Diversified Chemicals | 0.31% | |
| Specialty Chemicals | 0% | |
| Industrial Gases | 0% | |
| Commodity Chemicals | -2.86% | |
| Fertilizers and Agricultural Chemicals | -3.74% | |
Industry PE
- Investors are most optimistic about the Commodity Chemicals industry which is trading above its 3-year average PE ratio of 71.0x.
- Analysts are expecting annual earnings growth of 49.6%, which is higher than its past year's earnings decline of 62.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 50% over the next 5 years.
- This is better than its past earnings decline of 62% per year.
- In contrast, the Fertilizers and Agricultural Chemicals industry is expected to see its earnings grow by 3.0% 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 | |
|---|---|---|---|---|---|
| 2001 Methanol Chemicals | ر.س18.50 | 1.6% +ر.س20.2m | -7.3% | PS1.8x | |
| 9539 Aqaseem Factory for Chemicals and Plastics | ر.س7.66 | 9.4% +ر.س16.5m | 37.8% | PE20.4x | |
| 9605 Neft Alsharq For Chemical Industry | ر.س5.12 | 4.5% +ر.س5.5m | n/a | n/a | |
| 2210 Nama Chemicals | ر.س26.85 | 0.4% +ر.س2.4m | -14.8% | PS1.6x |
