Miahona's (TADAWUL:2084) Solid Earnings Have Been Accounted For Conservatively
May 21
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Saudi Arabian (Tadawul) Utilities Sector Analysis
UpdatedMay 22, 2025
DataAggregated Company Financials
Companies7
- 7D-5.9%
- 3M-27.1%
- 1Y-37.8%
- YTD-28.1%
Over the last 7 days, the Utilities industry has dropped 5.9%, driven by ACWA Power declining 7.0%. Overall the industry is down 38% in 12 months. As for the next few years, earnings are expected to grow by 29% per annum.
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 |
|---|---|---|---|---|---|---|
| Fri, 23 May 2025 | ر.س285.7b | ر.س111.9b | ر.س679.6m | 54.3x | 420.5x | 2.6x |
| Sun, 20 Apr 2025 | ر.س328.2b | ر.س107.1b | ر.س388.6m | 65.4x | 844.7x | 3.1x |
| Tue, 18 Mar 2025 | ر.س339.6b | ر.س107.0b | ر.س348.1m | 69.1x | 975.6x | 3.2x |
| Thu, 13 Feb 2025 | ر.س387.3b | ر.س103.2b | ر.س6.2b | 37.5x | 62.3x | 3.8x |
| Sat, 11 Jan 2025 | ر.س390.7b | ر.س103.2b | ر.س6.2b | 35.4x | 62.8x | 3.8x |
| Mon, 09 Dec 2024 | ر.س396.3b | ر.س103.2b | ر.س6.2b | 38.8x | 63.7x | 3.8x |
| Wed, 06 Nov 2024 | ر.س436.1b | ر.س98.4b | ر.س5.5b | 40.5x | 79x | 4.4x |
| Fri, 04 Oct 2024 | ر.س450.2b | ر.س98.2b | ر.س5.5b | 38.9x | 81.5x | 4.6x |
| Sun, 01 Sep 2024 | ر.س417.3b | ر.س98.2b | ر.س5.5b | 42.3x | 75.5x | 4.2x |
| Tue, 30 Jul 2024 | ر.س395.4b | ر.س95.2b | ر.س5.3b | 42.6x | 74.5x | 4.2x |
| Thu, 27 Jun 2024 | ر.س361.7b | ر.س95.2b | ر.س5.3b | 44x | 68.1x | 3.8x |
| Sat, 25 May 2024 | ر.س453.9b | ر.س94.7b | ر.س5.2b | 37.1x | 86.6x | 4.8x |
| Mon, 22 Apr 2024 | ر.س430.8b | ر.س92.1b | ر.س5.2b | 36.6x | 83.5x | 4.7x |
| Wed, 20 Mar 2024 | ر.س370.8b | ر.س91.8b | ر.س5.2b | 39.1x | 71.8x | 4x |
| Fri, 16 Feb 2024 | ر.س299.1b | ر.س89.5b | ر.س7.1b | 37.9x | 41.9x | 3.3x |
| Sun, 14 Jan 2024 | ر.س282.9b | ر.س89.5b | ر.س7.1b | 32x | 39.6x | 3.2x |
| Tue, 12 Dec 2023 | ر.س277.0b | ر.س89.5b | ر.س7.1b | 28x | 38.8x | 3.1x |
| Thu, 09 Nov 2023 | ر.س248.6b | ر.س88.0b | ر.س7.7b | 26.2x | 32.2x | 2.8x |
| Sat, 07 Oct 2023 | ر.س235.7b | ر.س87.8b | ر.س7.8b | 24.4x | 30.3x | 2.7x |
| Mon, 04 Sep 2023 | ر.س254.0b | ر.س87.8b | ر.س7.8b | 27.3x | 32.6x | 2.9x |
| Wed, 02 Aug 2023 | ر.س254.6b | ر.س87.1b | ر.س9.0b | 29.2x | 28.2x | 2.9x |
| Fri, 30 Jun 2023 | ر.س242.5b | ر.س87.1b | ر.س9.0b | 28.6x | 26.9x | 2.8x |
| Sun, 28 May 2023 | ر.س229.8b | ر.س86.9b | ر.س8.9b | 27.3x | 25.7x | 2.6x |
| Tue, 25 Apr 2023 | ر.س236.4b | ر.س86.9b | ر.س10.0b | 26.8x | 23.6x | 2.7x |
| Thu, 23 Mar 2023 | ر.س215.9b | ر.س86.6b | ر.س17.6b | 24.7x | 12.2x | 2.5x |
| Sat, 18 Feb 2023 | ر.س221.7b | ر.س85.8b | ر.س8.0b | 25.2x | 27.7x | 2.6x |
| Mon, 16 Jan 2023 | ر.س235.9b | ر.س85.8b | ر.س8.0b | 26.4x | 29.4x | 2.8x |
| Wed, 14 Dec 2022 | ر.س220.3b | ر.س85.8b | ر.س8.0b | 24x | 27.5x | 2.6x |
| Fri, 11 Nov 2022 | ر.س223.0b | ر.س78.4b | ر.س8.0b | 27.6x | 28x | 2.8x |
| Sun, 09 Oct 2022 | ر.س237.0b | ر.س78.3b | ر.س7.6b | 32.3x | 31.1x | 3x |
| Tue, 06 Sep 2022 | ر.س231.1b | ر.س78.3b | ر.س7.6b | 28x | 30.3x | 3x |
| Thu, 04 Aug 2022 | ر.س236.8b | ر.س77.4b | ر.س7.8b | 29.5x | 30.4x | 3.1x |
| Sat, 02 Jul 2022 | ر.س216.4b | ر.س77.4b | ر.س7.8b | 28x | 27.7x | 2.8x |
| Mon, 30 May 2022 | ر.س215.5b | ر.س77.4b | ر.س7.8b | 29.1x | 27.6x | 2.8x |
Price to Earnings Ratio
27.6x
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 420x which is higher than its 3-year average PE of 91.4x.
- The 3-year average PS ratio of 3.3x is higher than the industry's current PS ratio of 2.6x.
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 | -0.79% | |
| Utilities | -5.90% | |
| Water Utilities | 3.73% | |
| Electric Utilities | -0.55% | |
| Gas Utilities | -2.38% | |
| Other Utilities | -3.16% | |
| Renewable Energy | -7.99% | |
Industry PE
- Investors are most optimistic about the Other Utilities industry which is trading above its 3-year average PE ratio of 69.9x.
- 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 56% 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 | |
|---|---|---|---|---|---|
| 5110 Saudi Electricity | ر.س14.46 | 0.7% +ر.س416.7m | -18.9% | PS0.7x | |
| 2084 Miahona | ر.س25.60 | 3.0% +ر.س119.1m | n/a | PE49.9x | |
| 9516 Natural Gas Distribution | ر.س47.00 | 6.8% +ر.س15.0m | 8.0% | PE62.4x |
