Alkhorayef Water and Power Technologies' (TADAWUL:2081) Promising Earnings May Rest On Soft Foundations
May 25
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Saudi Arabian (Tadawul) Utilities Sector Analysis
UpdatedJun 09, 2025
DataAggregated Company Financials
Companies7
- 7D5.7%
- 3M-17.9%
- 1Y-25.1%
- YTD-29.0%
The Utilities industry is up 3.4% in the last week, with ACWA Power up 4.2%. In the past year, the industry is down 25%. Looking forward, earnings are forecast to grow by 31% 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 |
|---|---|---|---|---|---|---|
| Mon, 09 Jun 2025 | ر.س282.6b | ر.س112.0b | ر.س686.7m | 49.6x | 411.5x | 2.5x |
| Wed, 07 May 2025 | ر.س307.6b | ر.س107.2b | ر.س372.4m | 72.7x | 826x | 2.9x |
| Fri, 04 Apr 2025 | ر.س344.0b | ر.س107.1b | ر.س388.3m | 68.1x | 886.1x | 3.2x |
| Sun, 02 Mar 2025 | ر.س371.5b | ر.س103.1b | ر.س6.1b | 33.5x | 60.5x | 3.6x |
| Tue, 28 Jan 2025 | ر.س414.9b | ر.س103.2b | ر.س6.2b | 36x | 66.7x | 4x |
| Thu, 26 Dec 2024 | ر.س387.0b | ر.س103.2b | ر.س6.2b | 35.3x | 62.2x | 3.8x |
| Sat, 23 Nov 2024 | ر.س387.3b | ر.س103.2b | ر.س6.2b | 37.9x | 62.3x | 3.8x |
| Mon, 21 Oct 2024 | ر.س430.3b | ر.س98.2b | ر.س5.5b | 36.8x | 77.9x | 4.4x |
| Wed, 18 Sep 2024 | ر.س398.8b | ر.س98.2b | ر.س5.5b | 40.1x | 72.2x | 4.1x |
| Fri, 16 Aug 2024 | ر.س397.3b | ر.س98.1b | ر.س6.1b | 39.3x | 65.2x | 4x |
| Sun, 14 Jul 2024 | ر.س373.9b | ر.س95.2b | ر.س5.3b | 42x | 70.4x | 3.9x |
| Tue, 11 Jun 2024 | ر.س385.2b | ر.س95.2b | ر.س5.3b | 42.1x | 72.5x | 4x |
| Thu, 09 May 2024 | ر.س424.7b | ر.س92.2b | ر.س5.1b | 40.2x | 83.4x | 4.6x |
| Sat, 06 Apr 2024 | ر.س377.9b | ر.س92.1b | ر.س5.2b | 35.6x | 73.3x | 4.1x |
| Mon, 04 Mar 2024 | ر.س306.2b | ر.س89.7b | ر.س7.3b | 37.6x | 41.9x | 3.4x |
| Wed, 31 Jan 2024 | ر.س284.2b | ر.س89.5b | ر.س7.1b | 32.9x | 39.8x | 3.2x |
| Fri, 29 Dec 2023 | ر.س292.7b | ر.س89.5b | ر.س7.1b | 31x | 41x | 3.3x |
| Sun, 26 Nov 2023 | ر.س263.2b | ر.س89.5b | ر.س7.1b | 26.7x | 36.8x | 2.9x |
| Tue, 24 Oct 2023 | ر.س247.5b | ر.س87.8b | ر.س7.8b | 21.9x | 31.8x | 2.8x |
| Thu, 21 Sep 2023 | ر.س245.1b | ر.س87.8b | ر.س7.8b | 25.2x | 31.5x | 2.8x |
| Sat, 19 Aug 2023 | ر.س253.0b | ر.س87.7b | ر.س7.8b | 28.5x | 32.6x | 2.9x |
| Mon, 17 Jul 2023 | ر.س257.6b | ر.س87.1b | ر.س9.0b | 30.7x | 28.5x | 3x |
| Wed, 14 Jun 2023 | ر.س233.1b | ر.س87.1b | ر.س9.0b | 28.9x | 25.8x | 2.7x |
| Fri, 12 May 2023 | ر.س239.2b | ر.س86.9b | ر.س10.0b | 27.5x | 23.9x | 2.8x |
| Sun, 09 Apr 2023 | ر.س227.2b | ر.س86.7b | ر.س10.0b | 26.8x | 22.7x | 2.6x |
| Tue, 07 Mar 2023 | ر.س214.2b | ر.س85.8b | ر.س8.0b | 25.4x | 26.7x | 2.5x |
| Thu, 02 Feb 2023 | ر.س224.9b | ر.س85.8b | ر.س8.0b | 25.6x | 28.1x | 2.6x |
| Sat, 31 Dec 2022 | ر.س226.8b | ر.س85.8b | ر.س8.0b | 25.1x | 28.3x | 2.6x |
| Mon, 28 Nov 2022 | ر.س226.3b | ر.س85.7b | ر.س7.9b | 24.8x | 28.5x | 2.6x |
| Wed, 26 Oct 2022 | ر.س251.8b | ر.س78.3b | ر.س7.6b | 32.5x | 33x | 3.2x |
| Fri, 23 Sep 2022 | ر.س221.3b | ر.س78.3b | ر.س7.6b | 28.6x | 29x | 2.8x |
| Sun, 21 Aug 2022 | ر.س246.3b | ر.س77.5b | ر.س7.9b | 29.6x | 31.2x | 3.2x |
| Tue, 19 Jul 2022 | ر.س213.2b | ر.س77.4b | ر.س7.8b | 27.5x | 27.3x | 2.8x |
| Thu, 16 Jun 2022 | ر.س205.6b | ر.س77.4b | ر.س7.8b | 28.2x | 26.3x | 2.7x |
Price to Earnings Ratio
26.3x
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 412x which is higher than its 3-year average PE of 97.7x.
- The 3-year average PS ratio of 3.3x is higher than the industry's current PS ratio of 2.5x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have declined 56% per year over the last three years.
- Meanwhile revenues for these companies have grown 13% 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 | 0.099% | |
| Utilities | 5.68% | |
| Renewable Energy | 7.75% | |
| Water Utilities | 2.93% | |
| Other Utilities | 2.77% | |
| Electric Utilities | 0.84% | |
| Gas Utilities | -0.77% | |
Industry PE
- Investors are most optimistic about the Other Utilities industry which is trading above its 3-year average PE ratio of 71.6x.
- 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 55% 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 | |
|---|---|---|---|---|---|
| 2082 ACWA Power | ر.س269.80 | 4.2% +ر.س7.9b | -29.4% | PE104.8x | |
| 5110 Saudi Electricity | ر.س14.48 | 2.3% +ر.س1.3b | -12.8% | PS0.7x | |
| 2083 Power and Water Utility Company for Jubail and Yanbu | ر.س40.75 | 2.8% +ر.س275.0m | -31.7% | PE152.6x | |
| 2081 Alkhorayef Water and Power Technologies | ر.س141.00 | 2.2% +ر.س105.0m | -10.5% | PE20.1x |
