Saudi Electricity's (TADAWUL:5110) Returns On Capital Are Heading Higher
Apr 17
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Saudi Arabian (Tadawul) Utilities Sector Analysis
UpdatedApr 19, 2025
DataAggregated Company Financials
Companies7
- 7D-0.8%
- 3M-16.6%
- 1Y-24.7%
- YTD-17.6%
Over the last 7 days, the Utilities industry has remained flat, although notably Miahona gained 16%. As for the longer term, the industry has declined 25% in the last year. Looking forward, earnings are forecast to grow by 28% annually.
Sector Valuation and Performance
Has the Saudi Arabian Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 19 Apr 2025 | ر.س328.2b | ر.س107.1b | ر.س388.6m | 65.4x | 844.7x | 3.1x |
| Mon, 17 Mar 2025 | ر.س336.9b | ر.س107.0b | ر.س348.1m | 69.7x | 967.9x | 3.1x |
| Wed, 12 Feb 2025 | ر.س390.6b | ر.س103.2b | ر.س6.2b | 36.4x | 62.8x | 3.8x |
| Fri, 10 Jan 2025 | ر.س390.7b | ر.س103.2b | ر.س6.2b | 35.4x | 62.8x | 3.8x |
| Sun, 08 Dec 2024 | ر.س391.1b | ر.س103.2b | ر.س6.2b | 38.8x | 62.9x | 3.8x |
| Tue, 05 Nov 2024 | ر.س441.1b | ر.س98.4b | ر.س5.5b | 40.1x | 79.9x | 4.5x |
| Thu, 03 Oct 2024 | ر.س461.3b | ر.س98.2b | ر.س5.5b | 40.6x | 83.5x | 4.7x |
| Sat, 31 Aug 2024 | ر.س417.3b | ر.س98.2b | ر.س5.5b | 42.3x | 75.5x | 4.2x |
| Mon, 29 Jul 2024 | ر.س386.0b | ر.س95.2b | ر.س5.3b | 42.6x | 72.7x | 4.1x |
| Wed, 26 Jun 2024 | ر.س360.2b | ر.س95.2b | ر.س5.3b | 44x | 67.8x | 3.8x |
| Fri, 24 May 2024 | ر.س457.6b | ر.س94.7b | ر.س5.2b | 37.1x | 87.3x | 4.8x |
| Sun, 21 Apr 2024 | ر.س430.8b | ر.س92.1b | ر.س5.2b | 36.6x | 83.5x | 4.7x |
| Tue, 19 Mar 2024 | ر.س368.5b | ر.س91.8b | ر.س5.2b | 41.3x | 71.3x | 4x |
| Thu, 15 Feb 2024 | ر.س297.3b | ر.س89.5b | ر.س7.1b | 37.7x | 41.6x | 3.3x |
| Sat, 13 Jan 2024 | ر.س282.9b | ر.س89.5b | ر.س7.1b | 32x | 39.6x | 3.2x |
| Mon, 11 Dec 2023 | ر.س270.8b | ر.س89.5b | ر.س7.1b | 26.6x | 37.9x | 3x |
| Wed, 08 Nov 2023 | ر.س250.2b | ر.س88.0b | ر.س7.7b | 25.6x | 32.4x | 2.8x |
| Fri, 06 Oct 2023 | ر.س240.3b | ر.س87.8b | ر.س7.8b | 24.3x | 30.9x | 2.7x |
| Sun, 03 Sep 2023 | ر.س254.0b | ر.س87.8b | ر.س7.8b | 28x | 32.6x | 2.9x |
| Tue, 01 Aug 2023 | ر.س254.6b | ر.س87.1b | ر.س9.0b | 29.3x | 28.2x | 2.9x |
| Thu, 29 Jun 2023 | ر.س242.5b | ر.س87.1b | ر.س9.0b | 28.6x | 26.9x | 2.8x |
| Sat, 27 May 2023 | ر.س229.8b | ر.س86.7b | ر.س9.0b | 28.5x | 25.7x | 2.6x |
| Mon, 24 Apr 2023 | ر.س236.4b | ر.س86.9b | ر.س10.0b | 26.8x | 23.6x | 2.7x |
| Wed, 22 Mar 2023 | ر.س214.9b | ر.س85.8b | ر.س8.1b | 25x | 26.5x | 2.5x |
| Fri, 17 Feb 2023 | ر.س221.7b | ر.س85.8b | ر.س8.0b | 25.2x | 27.7x | 2.6x |
| Sun, 15 Jan 2023 | ر.س235.9b | ر.س85.8b | ر.س8.0b | 26.4x | 29.4x | 2.8x |
| Tue, 13 Dec 2022 | ر.س221.1b | ر.س85.8b | ر.س8.0b | 23.8x | 27.6x | 2.6x |
| Thu, 10 Nov 2022 | ر.س223.0b | ر.س78.4b | ر.س8.0b | 27.6x | 28x | 2.8x |
| Sat, 08 Oct 2022 | ر.س237.0b | ر.س78.3b | ر.س7.6b | 32.3x | 31.1x | 3x |
| Mon, 05 Sep 2022 | ر.س239.3b | ر.س78.3b | ر.س7.6b | 28.6x | 31.4x | 3.1x |
| Wed, 03 Aug 2022 | ر.س239.1b | ر.س77.4b | ر.س7.8b | 28.4x | 30.6x | 3.1x |
| Fri, 01 Jul 2022 | ر.س213.6b | ر.س77.4b | ر.س7.8b | 28.6x | 27.4x | 2.8x |
| Sun, 29 May 2022 | ر.س213.7b | ر.س77.4b | ر.س7.8b | 29x | 27.4x | 2.8x |
| Tue, 26 Apr 2022 | ر.س222.1b | ر.س77.3b | ر.س7.9b | 26.4x | 28x | 2.9x |
Price to Earnings Ratio
28x
Current Industry PE
- Investors are optimistic on the Saudi Utilities industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 846x which is higher than its 3-year average PE of 69.6x.
- The industry is trading close to its 3-year average PS ratio of 3.3x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have declined 63% per year over the last three years.
- Meanwhile revenues for these companies have grown 12% 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, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Saudi Arabian Utilities sector?
| SA Market | -1.07% | |
| Utilities | -0.79% | |
| Water Utilities | 6.66% | |
| Gas Utilities | 2.26% | |
| Other Utilities | 0.46% | |
| Electric Utilities | -0.27% | |
| Renewable Energy | -1.33% | |
Industry PE
- Investors are most optimistic about the Other Utilities industry which is trading above its 3-year average PE ratio of 53.8x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 53% over the next 5 years.
- In contrast, the Water Utilities industry is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|
| 2084 Miahona | ر.س22.82 | 15.8% +ر.س502.1m | n/a | PE64.5x | |
| 2080 National Gas and Industrialization | ر.س90.50 | 2.5% +ر.س165.0m | 8.3% | PE27.3x | |
| 2081 Alkhorayef Water and Power Technologies | ر.س156.80 | 1.3% +ر.س70.0m | -4.6% | PE23.9x | |
| 2083 Power and Water Utility Company for Jubail and Yanbu | ر.س43.95 | 0.5% +ر.س50.0m | -33.4% | PE640.6x |
