Saudi Electricity (TADAWUL:5110) Is Experiencing Growth In Returns On Capital
Jan 12
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Saudi Arabian (Tadawul) Utilities Sector Analysis
UpdatedJan 16, 2026
DataAggregated Company Financials
Companies7
- 7D2.2%
- 3M-20.3%
- 1Y-46.8%
- YTD-3.6%
The Utilities industry is up 2.0% in the last week, with ACWA Power up 3.5%. In the past year, the industry is down 47%. As for the next few years, earnings are expected to grow by 34% 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, 16 Jan 2026 | ر.س216.5b | ر.س120.8b | -ر.س181,522,031.00 | 36.5x | -1192.5x | 1.8x |
| Sun, 14 Dec 2025 | ر.س232.1b | ر.س120.8b | -ر.س181,522,031.00 | 39.7x | -1278.6x | 1.9x |
| Tue, 11 Nov 2025 | ر.س255.5b | ر.س117.8b | ر.س1.5b | 44.1x | 175.9x | 2.2x |
| Thu, 09 Oct 2025 | ر.س256.9b | ر.س117.7b | ر.س1.4b | 44.1x | 178.9x | 2.2x |
| Sat, 06 Sep 2025 | ر.س246.3b | ر.س117.7b | ر.س1.4b | 47.5x | 171.7x | 2.1x |
| Mon, 04 Aug 2025 | ر.س247.5b | ر.س112.2b | ر.س537.9m | 51.5x | 460.1x | 2.2x |
| Wed, 02 Jul 2025 | ر.س274.8b | ر.س112.0b | ر.س686.7m | 54.2x | 400.1x | 2.5x |
| Fri, 30 May 2025 | ر.س274.9b | ر.س112.0b | ر.س686.7m | 50.9x | 400.3x | 2.5x |
| Sun, 27 Apr 2025 | ر.س332.3b | ر.س107.2b | ر.س372.4m | 77.8x | 892.3x | 3.1x |
| Tue, 25 Mar 2025 | ر.س333.4b | ر.س107.0b | ر.س348.1m | 68.6x | 957.9x | 3.1x |
| Thu, 20 Feb 2025 | ر.س388.5b | ر.س103.2b | ر.س6.2b | 34.5x | 62.5x | 3.8x |
| Sat, 18 Jan 2025 | ر.س393.3b | ر.س103.2b | ر.س6.2b | 36.9x | 63.3x | 3.8x |
| Mon, 16 Dec 2024 | ر.س381.8b | ر.س103.2b | ر.س6.2b | 38.1x | 61.4x | 3.7x |
| Wed, 13 Nov 2024 | ر.س404.2b | ر.س103.1b | ر.س6.2b | 38.9x | 64.9x | 3.9x |
| Fri, 11 Oct 2024 | ر.س455.5b | ر.س98.2b | ر.س5.5b | 37.4x | 82.5x | 4.6x |
| Sun, 08 Sep 2024 | ر.س409.3b | ر.س98.2b | ر.س5.5b | 40.8x | 74.1x | 4.2x |
| Tue, 06 Aug 2024 | ر.س381.5b | ر.س95.3b | ر.س5.2b | 39.4x | 73.1x | 4x |
| Thu, 04 Jul 2024 | ر.س354.2b | ر.س95.2b | ر.س5.3b | 42.1x | 66.7x | 3.7x |
| Sat, 01 Jun 2024 | ر.س391.3b | ر.س94.8b | ر.س5.3b | 34.6x | 74.5x | 4.1x |
| Mon, 29 Apr 2024 | ر.س416.1b | ر.س92.1b | ر.س5.2b | 35.5x | 80.7x | 4.5x |
| Wed, 27 Mar 2024 | ر.س366.0b | ر.س91.8b | ر.س5.2b | 38.7x | 71x | 4x |
| Fri, 23 Feb 2024 | ر.س299.2b | ر.س89.5b | ر.س7.1b | 36.2x | 41.9x | 3.3x |
| Sun, 21 Jan 2024 | ر.س284.5b | ر.س89.5b | ر.س7.1b | 32.7x | 39.8x | 3.2x |
| Tue, 19 Dec 2023 | ر.س286.2b | ر.س89.5b | ر.س7.1b | 29.3x | 40.1x | 3.2x |
| Thu, 16 Nov 2023 | ر.س257.4b | ر.س89.5b | ر.س7.1b | 25.8x | 36x | 2.9x |
| Sat, 14 Oct 2023 | ر.س238.0b | ر.س87.8b | ر.س7.8b | 23.1x | 30.6x | 2.7x |
| Mon, 11 Sep 2023 | ر.س245.3b | ر.س87.8b | ر.س7.8b | 25.7x | 31.5x | 2.8x |
| Wed, 09 Aug 2023 | ر.س246.3b | ر.س87.1b | ر.س9.0b | 28.5x | 27.3x | 2.8x |
| Fri, 07 Jul 2023 | ر.س256.3b | ر.س87.1b | ر.س9.0b | 29.9x | 28.4x | 2.9x |
| Sun, 04 Jun 2023 | ر.س221.4b | ر.س87.0b | ر.س9.0b | 27.6x | 24.5x | 2.5x |
| Tue, 02 May 2023 | ر.س239.8b | ر.س86.9b | ر.س10.0b | 27.8x | 23.9x | 2.8x |
| Thu, 30 Mar 2023 | ر.س220.6b | ر.س86.6b | ر.س10.0b | 25.6x | 22.1x | 2.5x |
| Sat, 25 Feb 2023 | ر.س210.8b | ر.س85.8b | ر.س8.0b | 24.7x | 26.3x | 2.5x |
| Mon, 23 Jan 2023 | ر.س233.7b | ر.س85.8b | ر.س8.0b | 26.1x | 29.2x | 2.7x |
Price to Earnings Ratio
29.2x
Current Industry PE
- Investors are pessimistic on the Saudi Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 3.1x is higher than the industry's current PS ratio of 1.8x.
Past Earnings Growth
- Total earnings for the Utilities industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues 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 | 4.40% | |
| Utilities | 2.16% | |
| Renewable Energy | 3.51% | |
| Electric Utilities | 0.57% | |
| Water Utilities | -0.39% | |
| Other Utilities | -1.99% | |
| Gas Utilities | -2.33% | |
Industry PE
- Investors are most optimistic about the Other Utilities industry which is trading above its 3-year average PE ratio of 98.5x.
- 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 54% over the next 5 years.
- In contrast, the Water Utilities industry is expected to see its earnings grow by 12% 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.س176.80 | 3.5% +ر.س4.6b | -55.6% | PE76x | |
| 5110 Saudi Electricity | ر.س14.08 | 0.6% +ر.س333.3m | -16.1% | PS0.6x | |
| 2084 Miahona | ر.س17.92 | 0.6% +ر.س17.7m | -36.6% | PE41.2x |
