Beyond Lackluster Earnings: Potential Concerns For Arriyadh Development's (TADAWUL:4150) Shareholders
May 19
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Saudi Arabian (Tadawul) Real Estate Industry Analysis
UpdatedJun 14, 2025
DataAggregated Company Financials
Companies20
- 7D-2.8%
- 3M-13.7%
- 1Y3.5%
- YTD-3.9%
Over the last 7 days, the Real Estate industry has dropped 2.8%, driven by Umm Al Qura for Development and Construction declining 6.8%. In the past year, the industry has gained 3.6%. Earnings are forecast to grow by 11% annually.
Industry Valuation and Performance
Has the Saudi Arabian Real Estate Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 14 Jun 2025 | ر.س156.4b | ر.س23.8b | ر.س5.0b | 25.5x | 31.3x | 6.6x |
| Mon, 12 May 2025 | ر.س174.3b | ر.س22.6b | ر.س3.4b | 28.1x | 50.8x | 7.7x |
| Wed, 09 Apr 2025 | ر.س166.9b | ر.س22.5b | ر.س3.3b | 29x | 50.3x | 7.4x |
| Fri, 07 Mar 2025 | ر.س141.3b | ر.س19.6b | ر.س1.9b | 28.5x | 75.2x | 7.2x |
| Sun, 02 Feb 2025 | ر.س146.7b | ر.س19.3b | ر.س1.9b | 27.4x | 77.1x | 7.6x |
| Tue, 31 Dec 2024 | ر.س131.4b | ر.س19.3b | ر.س1.9b | 25.4x | 69.1x | 6.8x |
| Thu, 28 Nov 2024 | ر.س126.9b | ر.س19.3b | ر.س1.9b | 26x | 66.9x | 6.6x |
| Sat, 26 Oct 2024 | ر.س131.0b | ر.س18.4b | ر.س2.9b | 32.4x | 45.8x | 7.1x |
| Mon, 23 Sep 2024 | ر.س131.4b | ر.س18.4b | ر.س2.9b | 30.8x | 45.3x | 7.1x |
| Wed, 21 Aug 2024 | ر.س130.8b | ر.س18.3b | ر.س2.9b | 29.3x | 45.6x | 7.1x |
| Fri, 19 Jul 2024 | ر.س123.2b | ر.س17.1b | ر.س3.0b | 22.8x | 41.4x | 7.2x |
| Sun, 16 Jun 2024 | ر.س117.2b | ر.س17.1b | ر.س3.0b | 24.8x | 39.5x | 6.9x |
| Tue, 14 May 2024 | ر.س128.2b | ر.س15.5b | ر.س3.2b | 29.1x | 40x | 8.3x |
| Thu, 11 Apr 2024 | ر.س131.6b | ر.س15.3b | ر.س2.8b | 24.6x | 46.3x | 8.6x |
| Sat, 09 Mar 2024 | ر.س117.1b | ر.س14.2b | ر.س2.6b | 28.1x | 45.4x | 8.2x |
| Mon, 05 Feb 2024 | ر.س104.9b | ر.س14.2b | ر.س2.6b | 24.8x | 40.7x | 7.4x |
| Wed, 03 Jan 2024 | ر.س104.3b | ر.س14.1b | ر.س2.6b | 26.3x | 40.8x | 7.4x |
| Fri, 01 Dec 2023 | ر.س101.8b | ر.س14.1b | ر.س2.6b | 23.6x | 39.8x | 7.2x |
| Sun, 29 Oct 2023 | ر.س95.9b | ر.س14.2b | ر.س2.0b | 24x | 49x | 6.7x |
| Tue, 26 Sep 2023 | ر.س104.9b | ر.س14.2b | ر.س2.0b | 24.8x | 53.5x | 7.4x |
| Thu, 24 Aug 2023 | ر.س110.8b | ر.س13.9b | ر.س1.8b | 25.2x | 60.4x | 8x |
| Sat, 22 Jul 2023 | ر.س116.1b | ر.س13.4b | ر.س1.4b | 24.6x | 85.7x | 8.7x |
| Mon, 19 Jun 2023 | ر.س111.8b | ر.س13.4b | ر.س1.4b | 24.7x | 82.5x | 8.4x |
| Wed, 17 May 2023 | ر.س106.3b | ر.س13.0b | ر.س297.1m | 25.4x | 357.6x | 8.1x |
| Fri, 14 Apr 2023 | ر.س105.4b | ر.س13.0b | ر.س297.1m | 24.4x | 354.6x | 8.1x |
| Sun, 12 Mar 2023 | ر.س94.5b | ر.س12.6b | ر.س1.8b | 23.3x | 51.3x | 7.5x |
| Tue, 07 Feb 2023 | ر.س93.9b | ر.س12.7b | ر.س1.9b | 23.2x | 48.6x | 7.4x |
| Thu, 05 Jan 2023 | ر.س88.9b | ر.س12.7b | ر.س1.9b | 23.5x | 46x | 7x |
| Sat, 03 Dec 2022 | ر.س94.2b | ر.س12.7b | ر.س1.9b | 23.9x | 48.8x | 7.4x |
| Mon, 31 Oct 2022 | ر.س99.8b | ر.س11.8b | ر.س1.2b | 27x | 83.1x | 8.4x |
| Wed, 28 Sep 2022 | ر.س99.3b | ر.س11.8b | ر.س1.2b | 28.2x | 82.7x | 8.4x |
| Fri, 26 Aug 2022 | ر.س102.0b | ر.س11.2b | ر.س1.2b | 25x | 84.8x | 9.1x |
| Sun, 24 Jul 2022 | ر.س97.7b | ر.س10.8b | ر.س1.7b | 24.3x | 59.2x | 9x |
| Tue, 21 Jun 2022 | ر.س94.3b | ر.س8.9b | ر.س1.4b | 25.4x | 67.9x | 10.6x |
Price to Earnings Ratio
67.9x
Current Industry PE
- Investors are pessimistic on the Saudi Real Estate 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 31.4x which is lower than its 3-year average PE of 73.7x.
- The 3-year average PS ratio of 7.7x is higher than the industry's current PS ratio of 6.6x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 53% per year over the last three years.
- Revenues for these companies have grown 39% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Saudi Arabian Real Estate industry?
| SA Market | -0.26% | |
| Real Estate | -2.59% | |
| Real Estate | -2.76% | |
| Real Estate Services | 0% | 0 |
| Diversified Real Estate | -2.29% | |
| Real Estate Operating Companies | -2.82% | |
| Real Estate Development | -3.13% | |
Industry PE
- Investors are most optimistic about the Real Estate Development industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 23.4%, which is lower than the prior year's growth of 26.3% per year.
- Investors are most pessimistic about the Real Estate Operating Companies industry, which is trading close to its 3-year average of 13.1x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate Development industry, expecting annual earnings growth of 23% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Real Estate Operating Companies 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 | |
|---|---|---|---|---|---|
| 4300 Dar Al Arkan Real Estate Development | ر.س19.78 | 1.4% +ر.س302.4m | 64.8% | PE25.3x | |
| 4100 Makkah Construction and Development | ر.س88.50 | 0.5% +ر.س80.0m | 16.2% | PE39.5x | |
| 9610 First Avenue Real Estate Development | ر.س8.45 | 0.7% +ر.س11.4m | n/a | PE27.1x |