Saudi Basic Industries Corporation's (TADAWUL:2010) P/S Still Appears To Be Reasonable
Dec 17
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Saudi Arabian (Tadawul) Commodity Chemicals Industry Analysis
UpdatedDec 20, 2024
DataAggregated Company Financials
Companies14
- 7D-2.9%
- 3M-9.9%
- 1Y-18.6%
- YTDn/a
Over the last 7 days, the Commodity Chemicals industry has dropped 2.8%, driven by a pullback from Saudi Basic Industries of 3.0%. On the other hand Aqaseem Factory for Chemicals and Plastics is actually up 17%. Overall the industry is down 18% in 12 months. Looking forward, earnings are forecast to grow by 50% annually.
Industry Valuation and Performance
Has the Saudi Arabian Commodity Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 20 Dec 2024 | ر.س298.8b | ر.س180.4b | ر.س3.0b | 63.2x | 98.5x | 1.7x |
| Sun, 17 Nov 2024 | ر.س314.6b | ر.س180.4b | ر.س3.0b | 65.9x | 103.8x | 1.7x |
| Tue, 15 Oct 2024 | ر.س330.8b | ر.س178.7b | ر.س2.4b | 64.5x | 140.6x | 1.9x |
| Thu, 12 Sep 2024 | ر.س329.9b | ر.س178.7b | ر.س2.4b | 55.8x | 140.2x | 1.8x |
| Sat, 10 Aug 2024 | ر.س335.5b | ر.س177.1b | ر.س1.5b | 58.9x | 225.5x | 1.9x |
| Mon, 08 Jul 2024 | ر.س336.3b | ر.س176.5b | ر.س1.5b | 52.7x | 217.1x | 1.9x |
| Wed, 05 Jun 2024 | ر.س344.0b | ر.س176.4b | ر.س1.5b | 42.4x | 222.7x | 2x |
| Fri, 03 May 2024 | ر.س375.2b | ر.س180.3b | ر.س2.2b | 53x | 172.8x | 2.1x |
| Sun, 31 Mar 2024 | ر.س358.5b | ر.س179.6b | ر.س1.7b | 55x | 212.1x | 2x |
| Tue, 27 Feb 2024 | ر.س359.4b | ر.س198.5b | ر.س4.6b | 36.7x | 78.9x | 1.8x |
| Thu, 25 Jan 2024 | ر.س357.3b | ر.س198.5b | ر.س4.6b | 33.3x | 78.4x | 1.8x |
| Sat, 23 Dec 2023 | ر.س366.1b | ر.س198.5b | ر.س4.6b | 34x | 80.3x | 1.8x |
| Mon, 20 Nov 2023 | ر.س373.8b | ر.س198.5b | ر.س4.6b | 35.3x | 82x | 1.9x |
| Wed, 18 Oct 2023 | ر.س367.0b | ر.س206.1b | ر.س4.9b | 46.6x | 75.6x | 1.8x |
| Fri, 15 Sep 2023 | ر.س391.8b | ر.س206.1b | ر.س4.9b | 49x | 80.7x | 1.9x |
| Sun, 13 Aug 2023 | ر.س399.1b | ر.س206.1b | ر.س4.9b | 52.7x | 81.3x | 1.9x |
| Tue, 11 Jul 2023 | ر.س411.1b | ر.س229.6b | ر.س13.9b | 24.9x | 29.5x | 1.8x |
| Thu, 08 Jun 2023 | ر.س409.1b | ر.س229.5b | ر.س13.9b | 25x | 29.4x | 1.8x |
| Sat, 06 May 2023 | ر.س399.6b | ر.س246.9b | ر.س22.7b | 19.5x | 17.6x | 1.6x |
| Mon, 03 Apr 2023 | ر.س401.6b | ر.س248.6b | ر.س25.8b | 15.1x | 15.6x | 1.6x |
| Wed, 01 Mar 2023 | ر.س392.3b | ر.س257.2b | ر.س31.2b | 12.8x | 12.6x | 1.5x |
| Fri, 27 Jan 2023 | ر.س419.8b | ر.س257.8b | ر.س31.7b | 13.6x | 13.3x | 1.6x |
| Sun, 25 Dec 2022 | ر.س359.1b | ر.س248.6b | ر.س30.2b | 13.9x | 11.9x | 1.4x |
| Tue, 22 Nov 2022 | ر.س350.5b | ر.س248.6b | ر.س30.2b | 16.4x | 11.6x | 1.4x |
| Thu, 20 Oct 2022 | ر.س397.1b | ر.س245.9b | ر.س36.7b | 15.1x | 10.8x | 1.6x |
| Sat, 17 Sep 2022 | ر.س408.3b | ر.س245.9b | ر.س36.7b | 15.4x | 11.1x | 1.7x |
| Mon, 15 Aug 2022 | ر.س455.9b | ر.س245.9b | ر.س36.7b | 16.4x | 12.4x | 1.9x |
| Wed, 13 Jul 2022 | ر.س422.6b | ر.س230.1b | ر.س37.3b | 13.6x | 11.3x | 1.8x |
| Fri, 10 Jun 2022 | ر.س489.3b | ر.س230.0b | ر.س37.3b | 13.7x | 13.1x | 2.1x |
| Sun, 08 May 2022 | ر.س580.1b | ر.س213.7b | ر.س37.4b | 16.5x | 15.5x | 2.7x |
| Tue, 05 Apr 2022 | ر.س585.0b | ر.س212.3b | ر.س35.5b | 16.9x | 16.5x | 2.8x |
| Thu, 03 Mar 2022 | ر.س585.4b | ر.س210.3b | ر.س34.0b | 16.7x | 17.2x | 2.8x |
| Sat, 29 Jan 2022 | ر.س539.5b | ر.س189.9b | ر.س31.0b | 16.3x | 17.4x | 2.8x |
| Mon, 27 Dec 2021 | ر.س509.6b | ر.س197.7b | ر.س31.2b | n/a | 16.3x | 2.6x |
Price to Earnings Ratio
16.3x
Current Industry PE
- Investors are optimistic on the Saudi Commodity Chemicals industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 100x which is higher than its 3-year average PE of 71.0x.
- The 3-year average PS ratio of 1.9x is higher than the industry's current PS ratio of 1.7x.
Past Earnings Growth
- The earnings for companies in the Commodity Chemicals industry have declined 54% per year over the last three years,
- Revenues have also declined 3.0% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Saudi Arabian Commodity Chemicals compare with similar industries?
| SA Market | 0.27% | |
| Materials | -3.65% | |
| Chemicals | -2.97% | |
| Commodity Chemicals | -2.86% | |
| Diversified Chemicals | 0.31% | |
| Specialty Chemicals | 0% | |
| Industrial Gases | 0% | |
| Fertilizers and Agricultural Chemicals | -3.74% | |
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 | |
|---|---|---|---|---|---|
| 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 |
