Investors Aren't Buying SABIC Agri-Nutrients Company's (TADAWUL:2020) Earnings
Aug 23
Saudi Arabian (Tadawul) Chemicals Industry Analysis
UpdatedAug 24, 2024
DataAggregated Company Financials
Companies16
- 7D0.8%
- 3M-2.0%
- 1Y-15.3%
- YTD-11.5%
Last week, the Chemicals industry hasn't moved much but Yanbu National Petrochemical is up 3.1% in that time. As for the longer term, the industry has declined 15% in the last year. As for the next few years, earnings are expected to grow by 40% per annum.
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 |
|---|---|---|---|---|---|---|
| Sat, 24 Aug 2024 | ر.س394.9b | ر.س191.0b | ر.س5.8b | 57.3x | 68.4x | 2.1x |
| Mon, 22 Jul 2024 | ر.س413.2b | ر.س188.8b | ر.س4.9b | 52.2x | 83.9x | 2.2x |
| Wed, 19 Jun 2024 | ر.س388.1b | ر.س188.7b | ر.س4.9b | 40.8x | 78.9x | 2.1x |
| Fri, 17 May 2024 | ر.س415.5b | ر.س188.5b | ر.س5.2b | 44.5x | 80.1x | 2.2x |
| Sun, 14 Apr 2024 | ر.س460.6b | ر.س191.8b | ر.س5.1b | 56.9x | 90.5x | 2.4x |
| Tue, 12 Mar 2024 | ر.س421.8b | ر.س192.0b | ر.س5.3b | 29.4x | 78.9x | 2.2x |
| Thu, 08 Feb 2024 | ر.س423.8b | ر.س212.3b | ر.س9.3b | 24.6x | 45.6x | 2x |
| Sat, 06 Jan 2024 | ر.س435.7b | ر.س212.3b | ر.س9.3b | 26.5x | 46.9x | 2.1x |
| Mon, 04 Dec 2023 | ر.س431.6b | ر.س212.3b | ر.س9.3b | 25.5x | 46.5x | 2x |
| Wed, 01 Nov 2023 | ر.س417.1b | ر.س220.0b | ر.س10.3b | 44.7x | 40.4x | 1.9x |
| Fri, 29 Sep 2023 | ر.س451.6b | ر.س221.6b | ر.س10.9b | 48.9x | 41.3x | 2x |
| Sun, 27 Aug 2023 | ر.س465.0b | ر.س221.8b | ر.س11.0b | 38.1x | 42.1x | 2.1x |
| Tue, 25 Jul 2023 | ر.س459.7b | ر.س248.3b | ر.س22.5b | 25.2x | 20.4x | 1.9x |
| Thu, 22 Jun 2023 | ر.س469.3b | ر.س248.3b | ر.س22.5b | 26.5x | 20.9x | 1.9x |
| Sat, 20 May 2023 | ر.س477.2b | ر.س264.0b | ر.س30.0b | 16.9x | 15.9x | 1.8x |
| Mon, 17 Apr 2023 | ر.س473.9b | ر.س267.7b | ر.س33.0b | 16.6x | 14.4x | 1.8x |
| Wed, 15 Mar 2023 | ر.س458.2b | ر.س269.9b | ر.س36.6b | 13.1x | 12.5x | 1.7x |
| Fri, 10 Feb 2023 | ر.س467.2b | ر.س278.4b | ر.س42.6b | 13.1x | 11x | 1.7x |
| Sun, 08 Jan 2023 | ر.س466.1b | ر.س278.4b | ر.س42.6b | 12.8x | 10.9x | 1.7x |
| Tue, 06 Dec 2022 | ر.س415.3b | ر.س269.3b | ر.س41.2b | 13.3x | 10.1x | 1.5x |
| Thu, 03 Nov 2022 | ر.س448.6b | ر.س265.9b | ر.س45.4b | 12.6x | 9.9x | 1.7x |
| Sat, 01 Oct 2022 | ر.س463.5b | ر.س264.4b | ر.س46.6b | 14x | 10x | 1.8x |
| Mon, 29 Aug 2022 | ر.س535.3b | ر.س264.3b | ر.س46.6b | 15.7x | 11.5x | 2x |
| Wed, 27 Jul 2022 | ر.س488.6b | ر.س244.5b | ر.س45.0b | 11.9x | 10.9x | 2x |
| Fri, 24 Jun 2022 | ر.س494.7b | ر.س244.5b | ر.س45.0b | 12.2x | 11x | 2x |
| Sun, 22 May 2022 | ر.س559.8b | ر.س243.9b | ر.س43.9b | 13.2x | 12.7x | 2.3x |
| Tue, 19 Apr 2022 | ر.س677.0b | ر.س223.9b | ر.س42.4b | 16.2x | 16x | 3x |
| Thu, 17 Mar 2022 | ر.س660.2b | ر.س223.4b | ر.س41.0b | 16.2x | 16.1x | 3x |
| Sat, 12 Feb 2022 | ر.س623.5b | ر.س202.7b | ر.س36.7b | 17.2x | 17x | 3.1x |
| Mon, 10 Jan 2022 | ر.س599.2b | ر.س205.4b | ر.س34.0b | n/a | 17.6x | 2.9x |
| Wed, 08 Dec 2021 | ر.س594.3b | ر.س205.4b | ر.س34.0b | 16.4x | 17.5x | 2.9x |
| Fri, 05 Nov 2021 | ر.س633.9b | ر.س205.4b | ر.س34.0b | 18.3x | 18.6x | 3.1x |
| Sun, 03 Oct 2021 | ر.س651.0b | ر.س193.6b | ر.س26.0b | 21.9x | 25x | 3.4x |
| Tue, 31 Aug 2021 | ر.س596.0b | ر.س193.6b | ر.س26.0b | 20.1x | 22.9x | 3.1x |
Price to Earnings Ratio
22.9x
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 68.4x which is higher than its 3-year average PE of 30.9x.
- The industry is trading close to its 3-year average PS ratio of 2.2x.
Past Earnings Growth
- The earnings for companies in the Chemicals industry have declined 39% 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 Trends
Which industries have driven the changes within the Saudi Arabian Materials industry?
| SA Market | -0.37% | |
| Materials | 1.41% | |
| Chemicals | 0.75% | |
| Diversified Chemicals | 2.90% | |
| Commodity Chemicals | 0.92% | |
| Specialty Chemicals | 0% | |
| Industrial Gases | 0% | |
| Fertilizers and Agricultural Chemicals | -0.34% | |
Industry PE
- Investors are most optimistic about the Commodity Chemicals industry which is trading above its 3-year average PE ratio of 59.5x.
- Analysts are expecting annual earnings growth of 46.7%, which is higher than its past year's earnings decline of 58.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 47% over the next 5 years.
- This is better than its past earnings decline of 59% 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 | |
|---|---|---|---|---|---|
| 2290 Yanbu National Petrochemical | ر.س39.65 | 3.1% +ر.س675.0m | -7.3% | PE122.9x | |
| 2350 Saudi Kayan Petrochemical | ر.س8.55 | 5.4% +ر.س660.0m | -29.9% | PS1.5x | |
| 2310 Sahara International Petrochemical | ر.س28.40 | 2.9% +ر.س580.1m | -21.4% | PE29.6x | |
| 2250 Saudi Industrial Investment Group | ر.س19.14 | 3.2% +ر.س452.9m | -23.6% | PE44.4x | |
| 2223 Saudi Aramco Base Oil Company - Luberef | ر.س131.40 | 1.4% +ر.س303.8m | -7.7% | PE19.3x |
