Narrative Update • May 12
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- 7D-7.0%
- 3M-13.8%
- 1Y14.7%
- YTD1.1%
Over the last 7 days, the Metals and Mining industry has dropped 6.0%, driven by Saudi Arabian Mining Company (Maaden) declining 7.4%. In the past year, the industry has gained 19%. As for the next few years, earnings are expected to grow by 9.8% per annum.
Industry Valuation and Performance
Has the Saudi Arabian Metals and Mining Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 20 May 2026 | ر.س265.3b | ر.س57.3b | ر.س8.9b | 16.8x | 29.8x | 4.6x |
| Fri, 17 Apr 2026 | ر.س303.0b | ر.س57.1b | ر.س8.8b | 20.4x | 34.4x | 5.3x |
| Sun, 15 Mar 2026 | ر.س291.0b | ر.س56.8b | ر.س8.9b | 21.7x | 32.8x | 5.1x |
| Tue, 10 Feb 2026 | ر.س308.9b | ر.س56.0b | ر.س7.0b | 32.3x | 44.3x | 5.5x |
| Thu, 08 Jan 2026 | ر.س272.1b | ر.س55.3b | ر.س6.8b | 30.8x | 40x | 4.9x |
| Sat, 06 Dec 2025 | ر.س254.2b | ر.س55.4b | ر.س6.8b | 29.4x | 37.3x | 4.6x |
| Mon, 03 Nov 2025 | ر.س267.9b | ر.س53.6b | ر.س5.5b | 33.4x | 48.4x | 5x |
| Wed, 01 Oct 2025 | ر.س271.4b | ر.س53.6b | ر.س5.5b | 31.3x | 49.2x | 5.1x |
| Fri, 29 Aug 2025 | ر.س223.7b | ر.س53.6b | ر.س5.5b | 30.6x | 40.5x | 4.2x |
| Sun, 27 Jul 2025 | ر.س231.1b | ر.س51.3b | ر.س4.6b | 28.5x | 50.7x | 4.5x |
| Tue, 24 Jun 2025 | ر.س203.6b | ر.س51.2b | ر.س4.6b | 22.5x | 44.6x | 4x |
| Thu, 22 May 2025 | ر.س218.2b | ر.س51.1b | ر.س4.6b | 23.6x | 47.2x | 4.3x |
| Sat, 19 Apr 2025 | ر.س191.7b | ر.س49.7b | ر.س4.0b | 27.8x | 47.5x | 3.9x |
| Mon, 17 Mar 2025 | ر.س190.6b | ر.س49.3b | ر.س4.0b | 31.3x | 47.8x | 3.9x |
| Wed, 12 Feb 2025 | ر.س215.3b | ر.س47.5b | ر.س5.0b | 32.2x | 43.3x | 4.5x |
| Fri, 10 Jan 2025 | ر.س203.4b | ر.س47.5b | ر.س5.0b | 32.4x | 40.9x | 4.3x |
| Sun, 08 Dec 2024 | ر.س218.2b | ر.س47.6b | ر.س4.9b | 37.3x | 44.2x | 4.6x |
| Tue, 05 Nov 2024 | ر.س228.9b | ر.س44.8b | ر.س3.7b | 40.8x | 62.4x | 5.1x |
| Thu, 03 Oct 2024 | ر.س206.9b | ر.س44.7b | ر.س3.7b | 41.7x | 56.3x | 4.6x |
| Sat, 31 Aug 2024 | ر.س182.1b | ر.س44.6b | ر.س3.7b | 40.3x | 49.6x | 4.1x |
| Mon, 29 Jul 2024 | ر.س183.2b | ر.س43.5b | ر.س2.6b | 37x | 70x | 4.2x |
| Wed, 26 Jun 2024 | ر.س188.4b | ر.س43.4b | ر.س2.6b | 36.5x | 72.3x | 4.3x |
| Fri, 24 May 2024 | ر.س207.6b | ر.س42.2b | ر.س2.3b | 86.1x | 88.9x | 4.9x |
| Sun, 21 Apr 2024 | ر.س226.4b | ر.س42.2b | ر.س1.7b | 101.8x | 136.5x | 5.4x |
| Tue, 19 Mar 2024 | ر.س219.9b | ر.س42.1b | ر.س1.6b | 43.8x | 133.3x | 5.2x |
| Thu, 15 Feb 2024 | ر.س206.6b | ر.س43.0b | ر.س1.6b | 38x | 128.2x | 4.8x |
| Sat, 13 Jan 2024 | ر.س186.2b | ر.س43.0b | ر.س1.6b | 35.4x | 115.5x | 4.3x |
| Mon, 11 Dec 2023 | ر.س159.2b | ر.س42.8b | ر.س1.5b | 32.4x | 103.5x | 3.7x |
| Wed, 08 Nov 2023 | ر.س153.7b | ر.س42.7b | ر.س1.6b | 39x | 98x | 3.6x |
| Fri, 06 Oct 2023 | ر.س155.7b | ر.س46.4b | ر.س3.7b | 36x | 41.8x | 3.4x |
| Sun, 03 Sep 2023 | ر.س164.7b | ر.س46.2b | ر.س3.7b | 27.6x | 44.2x | 3.6x |
| Tue, 01 Aug 2023 | ر.س178.1b | ر.س50.8b | ر.س7.6b | 23.9x | 23.5x | 3.5x |
| Thu, 29 Jun 2023 | ر.س170.0b | ر.س49.8b | ر.س7.5b | 24x | 22.6x | 3.4x |
| Sat, 27 May 2023 | ر.س171.6b | ر.س50.3b | ر.س9.3b | 27.2x | 18.5x | 3.4x |
Price to Earnings Ratio
18.5x
Current Industry PE
- Investors are pessimistic on the Saudi Metals and Mining industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 30.0x which is lower than its 3-year average PE of 58.2x.
- The industry is trading close to its 3-year average PS ratio of 4.4x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 4.5% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Saudi Arabian Materials industry?
| SA Market | 0.012% | |
| Materials | -4.65% | |
| Metals and Mining | -7.05% | |
| Aluminum | 0% | 0 |
| Steel | -2.77% | |
| Diversified Metals and Mining | -7.36% | |
Industry PE
- Investors are most optimistic about the Diversified Metals and Mining industry even though it's trading below its 3-year average PE ratio of 59.1x.
- Analysts are expecting annual earnings growth of 10.2%, which is lower than the prior year's growth of 73.5% per year.
- Investors are most pessimistic about the Steel industry, which is trading close to its 3-year average of 14.9x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Metals and Mining industry, expecting annual earnings growth of 10% over the next 5 years.
- However this is lower than its past earnings growth rate of 74% per year.
- In contrast, the Steel 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 | |
|---|---|---|---|---|---|
| 9523 Group Five Pipe Saudi | ر.س59.00 | 3.5% +ر.س56.0m | 85.5% | PE11.4x | |
| 9588 Riyadh Steel | ر.س1.41 | 2.9% +ر.س2.8m | -25.0% | PE17.3x |