Investors Can Find Comfort In Saudi Basic Industries' (TADAWUL:2010) Earnings Quality
Nov 19
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Saudi Arabian (Tadawul) Commodity Chemicals Industry Analysis
UpdatedNov 19, 2024
DataAggregated Company Financials
Companies14
- 7D-2.7%
- 3M-6.9%
- 1Y-15.5%
- YTDn/a
Over the last 7 days, the Commodity Chemicals industry has dropped 2.7%, driven by Saudi Basic Industries declining 2.9%. However, the industry is down 16% over the past year. As for the next few years, earnings are expected to grow by 51% per annum.
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 |
|---|---|---|---|---|---|---|
| Tue, 19 Nov 2024 | ر.س313.1b | ر.س180.4b | ر.س3.0b | 66.3x | 103.3x | 1.7x |
| Thu, 17 Oct 2024 | ر.س329.6b | ر.س178.7b | ر.س2.4b | 60.1x | 140.1x | 1.8x |
| Sat, 14 Sep 2024 | ر.س329.4b | ر.س178.7b | ر.س2.4b | 55.8x | 140x | 1.8x |
| Mon, 12 Aug 2024 | ر.س335.5b | ر.س178.8b | ر.س2.3b | 58.9x | 148x | 1.9x |
| Wed, 10 Jul 2024 | ر.س335.4b | ر.س176.5b | ر.س1.5b | 54.6x | 216.5x | 1.9x |
| Fri, 07 Jun 2024 | ر.س337.1b | ر.س176.4b | ر.س1.5b | 41.6x | 218.3x | 1.9x |
| Sun, 05 May 2024 | ر.س375.2b | ر.س180.3b | ر.س2.2b | 53x | 172.8x | 2.1x |
| Tue, 02 Apr 2024 | ر.س364.0b | ر.س179.3b | ر.س1.6b | 53.4x | 227.4x | 2x |
| Thu, 29 Feb 2024 | ر.س361.2b | ر.س198.5b | ر.س4.6b | 37.8x | 78.8x | 1.8x |
| Sat, 27 Jan 2024 | ر.س355.9b | ر.س198.5b | ر.س4.6b | 33.3x | 78.1x | 1.8x |
| Mon, 25 Dec 2023 | ر.س367.5b | ر.س198.5b | ر.س4.6b | 34.3x | 80.6x | 1.9x |
| Wed, 22 Nov 2023 | ر.س369.7b | ر.س198.5b | ر.س4.6b | 34.4x | 81.1x | 1.9x |
| Fri, 20 Oct 2023 | ر.س361.6b | ر.س206.1b | ر.س4.9b | 45.9x | 74.4x | 1.8x |
| Sun, 17 Sep 2023 | ر.س391.7b | ر.س206.1b | ر.س4.9b | 49x | 80.7x | 1.9x |
| Tue, 15 Aug 2023 | ر.س399.4b | ر.س206.1b | ر.س4.9b | 51.8x | 81.4x | 1.9x |
| Thu, 13 Jul 2023 | ر.س409.2b | ر.س229.6b | ر.س13.9b | 24.8x | 29.4x | 1.8x |
| Sat, 10 Jun 2023 | ر.س408.1b | ر.س229.5b | ر.س13.9b | 24.9x | 29.3x | 1.8x |
| Mon, 08 May 2023 | ر.س399.6b | ر.س246.9b | ر.س22.7b | 19.7x | 17.6x | 1.6x |
| Wed, 05 Apr 2023 | ر.س418.9b | ر.س248.6b | ر.س25.8b | 15.6x | 16.2x | 1.7x |
| Fri, 03 Mar 2023 | ر.س398.2b | ر.س257.2b | ر.س31.2b | 12.9x | 12.8x | 1.5x |
| Sun, 29 Jan 2023 | ر.س419.8b | ر.س257.8b | ر.س31.7b | 13.6x | 13.3x | 1.6x |
| Tue, 27 Dec 2022 | ر.س357.5b | ر.س248.6b | ر.س30.2b | 13.3x | 11.8x | 1.4x |
| Thu, 24 Nov 2022 | ر.س352.2b | ر.س248.6b | ر.س30.2b | 16.4x | 11.7x | 1.4x |
| Sat, 22 Oct 2022 | ر.س399.8b | ر.س245.9b | ر.س36.7b | 15.2x | 10.9x | 1.6x |
| Mon, 19 Sep 2022 | ر.س398.0b | ر.س245.9b | ر.س36.7b | 15x | 10.9x | 1.6x |
| Wed, 17 Aug 2022 | ر.س459.7b | ر.س245.9b | ر.س36.7b | 16.2x | 12.5x | 1.9x |
| Fri, 15 Jul 2022 | ر.س406.1b | ر.س230.1b | ر.س37.3b | 13x | 10.9x | 1.8x |
| Sun, 12 Jun 2022 | ر.س489.3b | ر.س230.1b | ر.س37.3b | 16x | 13.1x | 2.1x |
| Tue, 10 May 2022 | ر.س570.6b | ر.س213.7b | ر.س37.4b | 16.3x | 15.3x | 2.7x |
| Thu, 07 Apr 2022 | ر.س583.6b | ر.س212.3b | ر.س35.5b | 16.6x | 16.4x | 2.7x |
| Sat, 05 Mar 2022 | ر.س590.7b | ر.س211.8b | ر.س35.0b | 16.7x | 16.9x | 2.8x |
| Mon, 31 Jan 2022 | ر.س539.5b | ر.س189.9b | ر.س31.0b | n/a | 17.4x | 2.8x |
| Wed, 29 Dec 2021 | ر.س507.5b | ر.س197.7b | ر.س31.2b | 14.4x | 16.3x | 2.6x |
| Fri, 26 Nov 2021 | ر.س531.0b | ر.س197.7b | ر.س31.2b | 16x | 17x | 2.7x |
Price to Earnings Ratio
17x
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 103x which is higher than its 3-year average PE of 68.7x.
- 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 | -1.34% | |
| Materials | -0.61% | |
| Chemicals | -2.55% | |
| Commodity Chemicals | -2.70% | |
| Diversified Chemicals | 0.38% | |
| Specialty Chemicals | 0% | |
| Industrial Gases | 0% | |
| Fertilizers and Agricultural Chemicals | -1.75% | |
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 | |
|---|---|---|---|---|---|
| 2250 Saudi Industrial Investment Group | ر.س17.82 | 0.1% +ر.س15.1m | -20.7% | PE66.8x | |
| 9609 Nass Petrol Factory | ر.س65.40 | 5.1% +ر.س9.6m | n/a | n/a | |
| 9539 Aqaseem Factory for Chemicals and Plastics | ر.س64.00 | 4.4% +ر.س6.8m | 4.9% | PE17.1x | |
| 9605 Neft Alsharq For Chemical Industry | ر.س4.05 | 1.3% +ر.س1.3m | n/a | n/a |
