Why We're Not Concerned About National Industrialization Company's (TADAWUL:2060) Share Price
Jul 17
Saudi Arabian (Tadawul) Commodity Chemicals Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies13
- 7D-2.1%
- 3M-2.9%
- 1Y-13.7%
- YTDn/a
Over the last 7 days, the Commodity Chemicals industry has dropped 1.3%, driven by a pullback from Saudi Basic Industries of 1.4%. Meanwhile, Neft Alsharq For Chemical Industry actually outperformed within the industry, gaining 5.8% in the last week. The industry has fallen 13% in the last year. Earnings are forecast to grow by 61% 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, 26 Jul 2024 | ر.س347.8b | ر.س176.7b | ر.س1.3b | 50.9x | 260x | 2x |
| Sun, 23 Jun 2024 | ر.س333.9b | ر.س176.4b | ر.س1.5b | 40.8x | 216.2x | 1.9x |
| Tue, 21 May 2024 | ر.س352.8b | ر.س176.4b | ر.س1.5b | 43.7x | 228.4x | 2x |
| Thu, 18 Apr 2024 | ر.س371.3b | ر.س179.3b | ر.س1.6b | 55.3x | 231.9x | 2.1x |
| Sat, 16 Mar 2024 | ر.س360.0b | ر.س179.6b | ر.س1.4b | 52.9x | 253.1x | 2x |
| Mon, 12 Feb 2024 | ر.س360.3b | ر.س198.5b | ر.س4.6b | 33.9x | 79.1x | 1.8x |
| Wed, 10 Jan 2024 | ر.س370.3b | ر.س198.5b | ر.س4.6b | 35.2x | 81.3x | 1.9x |
| Fri, 08 Dec 2023 | ر.س362.0b | ر.س198.5b | ر.س4.6b | 34.1x | 79.4x | 1.8x |
| Sun, 05 Nov 2023 | ر.س357.4b | ر.س203.9b | ر.س4.7b | 33.7x | 76.7x | 1.8x |
| Tue, 03 Oct 2023 | ر.س381.9b | ر.س206.1b | ر.س4.9b | 47.4x | 78.7x | 1.9x |
| Thu, 31 Aug 2023 | ر.س407.0b | ر.س206.1b | ر.س4.9b | 49.6x | 83.9x | 2x |
| Sat, 29 Jul 2023 | ر.س402.0b | ر.س228.8b | ر.س13.7b | 24.2x | 29.4x | 1.8x |
| Mon, 26 Jun 2023 | ر.س406.9b | ر.س229.6b | ر.س13.9b | 24.7x | 29.2x | 1.8x |
| Wed, 24 May 2023 | ر.س410.2b | ر.س243.7b | ر.س20.4b | 17.6x | 20.1x | 1.7x |
| Fri, 21 Apr 2023 | ر.س412.8b | ر.س246.9b | ر.س22.7b | 19.5x | 18.2x | 1.7x |
| Sun, 19 Mar 2023 | ر.س378.6b | ر.س248.9b | ر.س26.0b | 14.1x | 14.6x | 1.5x |
| Tue, 14 Feb 2023 | ر.س407.2b | ر.س257.8b | ر.س31.7b | 13.2x | 12.9x | 1.6x |
| Thu, 12 Jan 2023 | ر.س408.7b | ر.س257.8b | ر.س31.7b | 13.7x | 12.9x | 1.6x |
| Sat, 10 Dec 2022 | ر.س347.6b | ر.س248.6b | ر.س30.2b | 15.2x | 11.5x | 1.4x |
| Mon, 07 Nov 2022 | ر.س370.2b | ر.س248.3b | ر.س30.3b | 15x | 12.2x | 1.5x |
| Wed, 05 Oct 2022 | ر.س397.0b | ر.س245.9b | ر.س36.7b | 15.2x | 10.8x | 1.6x |
| Fri, 02 Sep 2022 | ر.س430.9b | ر.س245.9b | ر.س36.7b | 15.3x | 11.8x | 1.8x |
| Sun, 31 Jul 2022 | ر.س430.4b | ر.س230.2b | ر.س37.0b | 13.9x | 11.6x | 1.9x |
| Tue, 28 Jun 2022 | ر.س440.5b | ر.س230.1b | ر.س37.3b | 14.3x | 11.8x | 1.9x |
| Thu, 26 May 2022 | ر.س486.2b | ر.س229.5b | ر.س37.3b | 13.7x | 13x | 2.1x |
| Sat, 23 Apr 2022 | ر.س569.7b | ر.س213.4b | ر.س37.4b | 16.1x | 15.2x | 2.7x |
| Mon, 21 Mar 2022 | ر.س572.0b | ر.س212.3b | ر.س35.5b | 16.4x | 16.1x | 2.7x |
| Wed, 16 Feb 2022 | ر.س531.7b | ر.س210.3b | ر.س34.0b | 15.7x | 15.6x | 2.5x |
| Fri, 14 Jan 2022 | ر.س535.1b | ر.س197.7b | ر.س31.2b | 16.3x | 17.2x | 2.7x |
| Sun, 12 Dec 2021 | ر.س481.1b | ر.س197.7b | ر.س31.2b | 14.7x | 15.4x | 2.4x |
| Tue, 09 Nov 2021 | ر.س562.4b | ر.س197.7b | ر.س31.1b | 17.4x | 18.1x | 2.8x |
| Thu, 07 Oct 2021 | ر.س559.7b | ر.س187.4b | ر.س24.2b | 21.1x | 23.1x | 3x |
| Sat, 04 Sep 2021 | ر.س532.0b | ر.س187.4b | ر.س24.2b | 20.3x | 22x | 2.8x |
| Mon, 02 Aug 2021 | ر.س534.5b | ر.س187.4b | ر.س24.2b | 20.6x | 22.1x | 2.9x |
Price to Earnings Ratio
22.1x
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 228x which is higher than its 3-year average PE of 54.9x.
- The industry is trading close to its 3-year average PS ratio of 2.0x.
Past Earnings Growth
- The earnings for companies in the Commodity Chemicals industry have declined 60% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does Saudi Arabian Commodity Chemicals compare with similar industries?
| SA Market | -1.45% | |
| Materials | -2.99% | |
| Chemicals | -2.30% | |
| Commodity Chemicals | -2.11% | |
| Specialty Chemicals | 0% | |
| Industrial Gases | 0% | |
| Diversified Chemicals | -3.31% | |
| Fertilizers and Agricultural Chemicals | -3.41% | |
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 | |
|---|---|---|---|---|---|
| 9605 Neft Alsharq For Chemical Industry | ر.س4.23 | 5.8% +ر.س5.8m | n/a | n/a | |
| 9539 Aqaseem Factory for Chemicals and Plastics | ر.س53.80 | 0.4% +ر.س500.0k | -19.1% | PE13.3x |
