Hamad Mohammed Bin Saedan Real Estate's (TADAWUL:9648) Earnings Might Be Weaker Than You Think
Apr 11
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Saudi Arabian (Tadawul) Real Estate Industry Analysis
UpdatedApr 11, 2026
DataAggregated Company Financials
Companies24
- 7D0.1%
- 3M7.3%
- 1Y-20.8%
- YTD2.8%
Last week, the Real Estate industry hasn't moved much but Taiba Investment is up 9.1% in that time. Unfortunately though, the industry is down 21% over the past 12 months. Looking forward, earnings are forecast to grow by 5.4% 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, 11 Apr 2026 | ر.س124.0b | ر.س26.8b | ر.س6.1b | 11.3x | 20.2x | 4.6x |
| Mon, 09 Mar 2026 | ر.س114.6b | ر.س27.6b | ر.س6.5b | 10.7x | 17.6x | 4.1x |
| Wed, 04 Feb 2026 | ر.س125.3b | ر.س27.5b | ر.س6.6b | 12.3x | 19.1x | 4.6x |
| Fri, 02 Jan 2026 | ر.س117.0b | ر.س27.5b | ر.س6.5b | 11.6x | 17.9x | 4.3x |
| Sun, 30 Nov 2025 | ر.س121.5b | ر.س26.4b | ر.س6.3b | 13.6x | 19.4x | 4.6x |
| Tue, 28 Oct 2025 | ر.س136.3b | ر.س24.4b | ر.س5.1b | 16.9x | 26.9x | 5.6x |
| Thu, 25 Sep 2025 | ر.س138.5b | ر.س24.4b | ر.س5.1b | 17.2x | 27.4x | 5.7x |
| Sat, 23 Aug 2025 | ر.س131.5b | ر.س22.6b | ر.س4.6b | 22.7x | 28.3x | 5.8x |
| Mon, 21 Jul 2025 | ر.س141.3b | ر.س22.3b | ر.س4.0b | 24.7x | 35.3x | 6.4x |
| Wed, 18 Jun 2025 | ر.س155.6b | ر.س24.1b | ر.س5.1b | 23.9x | 30.7x | 6.5x |
| Fri, 16 May 2025 | ر.س173.0b | ر.س22.6b | ر.س3.4b | 28.9x | 50.4x | 7.7x |
| Sun, 13 Apr 2025 | ر.س167.1b | ر.س22.5b | ر.س3.3b | 29.8x | 50.3x | 7.4x |
| Tue, 11 Mar 2025 | ر.س141.4b | ر.س19.4b | ر.س1.9b | 29.5x | 75.2x | 7.3x |
| Thu, 06 Feb 2025 | ر.س145.2b | ر.س19.3b | ر.س1.9b | 27.8x | 76.3x | 7.5x |
| Sat, 04 Jan 2025 | ر.س132.7b | ر.س19.3b | ر.س1.9b | 26.5x | 69.7x | 6.9x |
| Mon, 02 Dec 2024 | ر.س128.1b | ر.س19.3b | ر.س1.9b | 26x | 67.5x | 6.6x |
| Wed, 30 Oct 2024 | ر.س132.5b | ر.س18.4b | ر.س2.9b | 32.5x | 46.4x | 7.2x |
| Fri, 27 Sep 2024 | ر.س133.4b | ر.س18.4b | ر.س2.9b | 30.9x | 46.7x | 7.2x |
| Sun, 25 Aug 2024 | ر.س131.0b | ر.س18.3b | ر.س2.9b | 29.9x | 45.7x | 7.1x |
| Tue, 23 Jul 2024 | ر.س126.1b | ر.س17.1b | ر.س3.0b | 24.1x | 42.3x | 7.4x |
| Thu, 20 Jun 2024 | ر.س117.2b | ر.س17.1b | ر.س3.0b | 24.8x | 39.4x | 6.9x |
| Sat, 18 May 2024 | ر.س121.8b | ر.س15.5b | ر.س3.2b | 28.6x | 38x | 7.9x |
| Mon, 15 Apr 2024 | ر.س131.6b | ر.س15.3b | ر.س2.8b | 24.7x | 46.3x | 8.6x |
| Wed, 13 Mar 2024 | ر.س121.5b | ر.س14.0b | ر.س2.6b | 29.5x | 46x | 8.7x |
| Fri, 09 Feb 2024 | ر.س109.0b | ر.س14.2b | ر.س2.6b | 26.4x | 42.3x | 7.7x |
| Sun, 07 Jan 2024 | ر.س106.6b | ر.س14.1b | ر.س2.6b | 26.6x | 41.7x | 7.6x |
| Tue, 05 Dec 2023 | ر.س102.6b | ر.س14.1b | ر.س2.6b | 23.8x | 40.1x | 7.3x |
| Thu, 02 Nov 2023 | ر.س96.9b | ر.س14.2b | ر.س2.0b | 23.3x | 49.5x | 6.8x |
| Sat, 30 Sep 2023 | ر.س104.8b | ر.س14.2b | ر.س2.0b | 24.7x | 53.5x | 7.4x |
| Mon, 28 Aug 2023 | ر.س110.7b | ر.س14.0b | ر.س1.9b | 25.5x | 59x | 7.9x |
| Wed, 26 Jul 2023 | ر.س115.0b | ر.س13.4b | ر.س1.4b | 25.4x | 84.9x | 8.6x |
| Fri, 23 Jun 2023 | ر.س110.5b | ر.س13.4b | ر.س1.4b | 24.9x | 81.6x | 8.3x |
| Sun, 21 May 2023 | ر.س106.7b | ر.س13.0b | ر.س297.1m | 24.3x | 359x | 8.2x |
| Tue, 18 Apr 2023 | ر.س107.5b | ر.س13.0b | ر.س297.1m | 23.9x | 361.6x | 8.2x |
Price to Earnings Ratio
361.6x
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 19.2x which is lower than its 3-year average PE of 63.5x.
- The 3-year average PS ratio of 6.9x is higher than the industry's current PS ratio of 4.5x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 179% per year over the last three years.
- Revenues for these companies have grown 29% 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 | -0.60% | |
| Real Estate | 0.11% | |
| Real Estate | 0.10% | |
| Diversified Real Estate | 2.85% | |
| Real Estate Operating Companies | 0.027% | |
| Real Estate Services | 0% | 0 |
| Real Estate Development | -1.20% | |
Industry PE
- Investors are most optimistic about the Diversified Real Estate industry even though it's trading below its 3-year average PE ratio of 67.9x.
- Analysts are expecting annual earnings growth of 1.9%, which is lower than the prior year's growth of 15.3% per year.
- Investors are most pessimistic about the Real Estate Operating Companies industry, which is trading below its 3-year average of 11.1x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate Operating Companies industry, expecting annual earnings growth of 17% over the next 5 years.
- This is better than its past earnings decline of 0.05% per year.
- In contrast, the Diversified Real Estate 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 | |
|---|---|---|---|---|---|
| 4090 Taiba Investment | ر.س42.10 | 9.1% +ر.س911.6m | -0.9% | PE30.1x | |
| 4325 Umm Al Qura for Development and Construction | ر.س16.98 | 1.1% +ر.س259.0m | -25.7% | PE24.8x | |
| 9610 First Avenue Real Estate Development | ر.س6.60 | 18.5% +ر.س195.6m | -24.5% | PE11.3x | |
| 4321 Arabian Centres | ر.س17.35 | 1.7% +ر.س137.7m | -12.6% | PE6.5x | |
| 4300 Dar Al Arkan Real Estate Development | ر.س18.12 | 0.5% +ر.س97.2m | -16.2% | PE17.3x |
