Additional Considerations Required While Assessing Jabal Omar Development's (TADAWUL:4250) Strong Earnings
Apr 11
Saudi Arabian (Tadawul) Real Estate Industry Analysis
UpdatedApr 19, 2024
DataAggregated Company Financials
Companies17
- 7D0.2%
- 3M22.8%
- 1Y19.2%
- YTD22.4%
Over the last 7 days, the Real Estate industry has remained flat, although notably Arabian Centres gained 9.4%. As for the the longer term, the industry is up 19% over the past 12 months. As for the next few years, earnings are forecast to decline by 11% per annum.
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 |
|---|---|---|---|---|---|---|
| Fri, 19 Apr 2024 | ر.س131.9b | ر.س15.3b | ر.س3.1b | 26.3x | 41.9x | 8.6x |
| Sun, 17 Mar 2024 | ر.س127.8b | ر.س14.3b | ر.س2.7b | 31.6x | 46.5x | 8.9x |
| Tue, 13 Feb 2024 | ر.س111.8b | ر.س14.2b | ر.س2.6b | 26.8x | 43.4x | 7.9x |
| Thu, 11 Jan 2024 | ر.س107.7b | ر.س14.1b | ر.س2.6b | 27.3x | 42.1x | 7.6x |
| Sat, 09 Dec 2023 | ر.س102.8b | ر.س14.1b | ر.س2.6b | 23.9x | 40.2x | 7.3x |
| Mon, 06 Nov 2023 | ر.س98.9b | ر.س14.3b | ر.س1.9b | 23.4x | 51.8x | 6.9x |
| Wed, 04 Oct 2023 | ر.س103.7b | ر.س14.2b | ر.س2.0b | 24.3x | 53x | 7.3x |
| Fri, 01 Sep 2023 | ر.س111.3b | ر.س14.0b | ر.س1.9b | 24.9x | 59.3x | 7.9x |
| Sun, 30 Jul 2023 | ر.س114.2b | ر.س13.4b | ر.س1.3b | 25.8x | 85.2x | 8.5x |
| Tue, 27 Jun 2023 | ر.س110.7b | ر.س13.4b | ر.س1.4b | 24.8x | 81.7x | 8.3x |
| Thu, 25 May 2023 | ر.س107.0b | ر.س13.0b | ر.س291.6m | 25x | 366.9x | 8.2x |
| Sat, 22 Apr 2023 | ر.س107.6b | ر.س13.0b | ر.س297.1m | 23.9x | 362.2x | 8.3x |
| Mon, 20 Mar 2023 | ر.س93.0b | ر.س12.6b | ر.س1.8b | 22.1x | 50.4x | 7.4x |
| Wed, 15 Feb 2023 | ر.س94.4b | ر.س12.7b | ر.س1.9b | 23.7x | 48.9x | 7.4x |
| Fri, 13 Jan 2023 | ر.س91.0b | ر.س12.7b | ر.س1.9b | 23.6x | 47.2x | 7.2x |
| Sun, 11 Dec 2022 | ر.س90.7b | ر.س12.7b | ر.س1.9b | 23.3x | 47x | 7.2x |
| Tue, 08 Nov 2022 | ر.س97.3b | ر.س12.0b | ر.س1.3b | 27.1x | 77.7x | 8.1x |
| Thu, 06 Oct 2022 | ر.س106.8b | ر.س11.8b | ر.س1.2b | 28.6x | 89x | 9x |
| Sat, 03 Sep 2022 | ر.س105.7b | ر.س11.7b | ر.س1.2b | 27.2x | 85x | 9x |
| Mon, 01 Aug 2022 | ر.س99.3b | ر.س10.8b | ر.س1.7b | 23.8x | 60.2x | 9.2x |
| Wed, 29 Jun 2022 | ر.س94.9b | ر.س10.7b | ر.س1.6b | 25.4x | 57.5x | 8.8x |
| Fri, 27 May 2022 | ر.س98.1b | ر.س8.8b | ر.س1.2b | 28.2x | 80x | 11.2x |
| Sun, 24 Apr 2022 | ر.س105.7b | ر.س7.6b | ر.س989.6m | 29.4x | 106.8x | 13.9x |
| Tue, 22 Mar 2022 | ر.س102.4b | ر.س6.8b | -ر.س1,308,074,898.00 | 29.9x | -78.3x | 15x |
| Thu, 17 Feb 2022 | ر.س100.3b | ر.س6.8b | -ر.س1,165,378,462.00 | 28.8x | -86.1x | 14.8x |
| Sat, 15 Jan 2022 | ر.س102.7b | ر.س6.8b | -ر.س1,181,900,096.00 | 29.5x | -86.9x | 15.2x |
| Mon, 13 Dec 2021 | ر.س100.7b | ر.س6.8b | -ر.س1,181,900,096.00 | n/a | -85.2x | 14.9x |
| Wed, 10 Nov 2021 | ر.س105.5b | ر.س6.5b | -ر.س1,203,597,796.00 | 34.6x | -87.6x | 16.3x |
| Fri, 08 Oct 2021 | ر.س107.1b | ر.س6.4b | -ر.س1,294,509,506.00 | 28.1x | -82.8x | 16.7x |
| Sun, 05 Sep 2021 | ر.س106.8b | ر.س6.4b | -ر.س1,288,436,628.00 | 36.4x | -82.9x | 16.6x |
| Tue, 03 Aug 2021 | ر.س108.2b | ر.س6.4b | -ر.س1,294,509,506.00 | 29.7x | -83.5x | 16.9x |
| Fri, 07 May 2021 | ر.س96.3b | ر.س6.2b | -ر.س2,024,211,414.00 | 62.2x | -47.6x | 15.5x |
Price to Earnings Ratio
-47.6x
Current Industry PE
- Investors are optimistic on the Saudi Real Estate industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 41.9x which is higher than its 3-year average PE of 34.0x.
- The 3-year average PS ratio of 10.8x is higher than the industry's current PS ratio of 8.6x.
Past Earnings Growth
- Total earnings for the Real Estate industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 35% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Saudi Arabian Real Estate industry?
| SA Market | -1.28% | |
| Real Estate | 0.16% | |
| Real Estate | 0.23% | |
| Real Estate Operating Companies | 6.02% | |
| Real Estate Services | 0% | |
| Diversified Real Estate | -0.02% | |
| Real Estate Development | -2.16% | |
Industry PE
- Investors are most optimistic about the Diversified Real Estate industry which is trading above its 3-year average PE ratio of 30.9x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Real Estate Operating Companies industry, which is trading below its 3-year average of 16.4x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Real Estate Operating Companies industry since they expect its earnings to decline by only 11% per year over the next 5 years, which isn't as bad as the other industries.
- This is even lower than its past earnings decline of 6.8% per year.
- In contrast, the Real Estate Operating Companies industry is expected to see its earnings decline by 11% per year 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 | |
|---|---|---|---|---|---|
| 4321 Arabian Centres | ر.س25.20 | 9.4% +ر.س1.0b | 19.4% | PE7.9x | |
| 4090 Taiba Investment | ر.س40.95 | 5.8% +ر.س586.0m | 42.2% | PE96.4x | |
| 9535 Ladun Investment | ر.س5.82 | 16.4% +ر.س410.0m | 252.7% | PE28.2x | |
| 4230 Red Sea International | ر.س33.85 | 16.3% +ر.س143.6m | 27.3% | PS0.7x | |
| 4150 Arriyadh Development | ر.س24.38 | 1.9% +ر.س81.8m | 21.3% | PE16x |
