Saudi Arabian (Tadawul) Utilities Sector Analysis

UpdatedMar 21, 2023

DataAggregated Company Financials

Companies6

7D-1.4%
3M-6.7%
1Y-0.09%
YTD-7.7%

Over the last 7 days, the Utilities industry has dropped 2.1%, driven by a pullback from Saudi Electricity of 2.4%. As for the longer term, the industry's performance has been flat for the past year. Looking forward, earnings are forecast to grow by 24% 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
Tue, 21 Mar 2023	ر.س211.6b	ر.س85.8b	ر.س8.1b	25.1x	26.1x	2.5x
Thu, 16 Feb 2023	ر.س223.3b	ر.س85.8b	ر.س8.0b	25.1x	27.9x	2.6x
Sat, 14 Jan 2023	ر.س235.9b	ر.س85.8b	ر.س8.0b	26.4x	29.4x	2.8x
Mon, 12 Dec 2022	ر.س215.7b	ر.س85.8b	ر.س8.0b	24.7x	26.9x	2.5x
Wed, 09 Nov 2022	ر.س242.7b	ر.س78.3b	ر.س8.0b	31.7x	30.5x	3.1x
Fri, 07 Oct 2022	ر.س237.7b	ر.س78.3b	ر.س7.6b	32.3x	31.2x	3x
Sun, 04 Sep 2022	ر.س239.0b	ر.س78.3b	ر.س7.6b	29.4x	31.3x	3.1x
Tue, 02 Aug 2022	ر.س239.1b	ر.س77.4b	ر.س7.8b	28.5x	30.6x	3.1x
Thu, 30 Jun 2022	ر.س212.7b	ر.س77.4b	ر.س7.8b	29x	27.3x	2.7x
Sat, 28 May 2022	ر.س213.7b	ر.س77.4b	ر.س7.8b	29x	27.3x	2.8x
Mon, 25 Apr 2022	ر.س217.6b	ر.س77.3b	ر.س7.9b	26.8x	27.4x	2.8x
Wed, 23 Mar 2022	ر.س200.5b	ر.س82.3b	ر.س13.5b	20.4x	14.9x	2.4x
Fri, 18 Feb 2022	ر.س191.4b	ر.س82.0b	ر.س13.2b	20.8x	14.5x	2.3x
Sun, 16 Jan 2022	ر.س181.6b	ر.س82.0b	ر.س13.2b	21.9x	13.8x	2.2x
Tue, 14 Dec 2021	ر.س161.7b	ر.س82.0b	ر.س13.2b	21.3x	12.3x	2x
Thu, 11 Nov 2021	ر.س170.4b	ر.س82.0b	ر.س15.6b	21.4x	10.9x	2.1x
Sat, 09 Oct 2021	ر.س121.4b	ر.س75.4b	ر.س9.5b	19x	12.8x	1.6x
Mon, 06 Sep 2021	ر.س123.2b	ر.س75.4b	ر.س9.5b	21.4x	13x	1.6x
Wed, 04 Aug 2021	ر.س113.8b	ر.س75.4b	ر.س9.5b	15.8x	12x	1.5x
Sat, 08 May 2021	ر.س114.0b	ر.س73.1b	ر.س4.7b	25x	24.5x	1.6x
Tue, 09 Feb 2021	ر.س93.5b	ر.س70.7b	ر.س2.2b	30x	41.8x	1.3x
Mon, 02 Nov 2020	ر.س81.0b	ر.س66.8b	-ر.س1,677,650,471.00	94.2x	-48.3x	1.2x
Thu, 06 Aug 2020	ر.س67.5b	ر.س67.2b	-ر.س1,176,094,398.00	46.9x	-57.4x	1x
Sun, 10 May 2020	ر.س73.2b	ر.س67.0b	ر.س466.3m	116.5x	157.1x	1.1x

Price to Earnings Ratio

147x

Tue, 07 Apr 2020

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 25.8x which is higher than its 3-year average PE of 21.9x.

The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.4x.

Past Earnings Growth

The earnings for companies in the Utilities industry have grown 159% per year over the last three years.
Revenues for these companies have grown 8.6% 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 Utilities sector?


SA Market	-4.16%
Utilities	-1.41%
Gas Utilities	2.64%
Renewable Energy	-0.73%
Electric Utilities	-1.86%
Other Utilities	-3.75%
Water Utilities	-5.72%

Industry PE

Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 124x.

Analysts are expecting annual earnings growth of 27.0%, which is lower than the prior year's growth of 60.6% per year.

Investors are most pessimistic about the Other Utilities industry, which is trading close to its 3-year average of 15.4x.

Forecasted Growth

Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 27% over the next 5 years.
However this is lower than its past earnings growth rate of 61% per year.