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Saudi Arabian (Tadawul) Utilities Sector Analysis

UpdatedMar 21, 2023
DataAggregated Company Financials
  • 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Mar 2023ر.س211.6bر.س85.8bر.س8.1b25.1x26.1x2.5x
Thu, 16 Feb 2023ر.س223.3bر.س85.8bر.س8.0b25.1x27.9x2.6x
Sat, 14 Jan 2023ر.س235.9bر.س85.8bر.س8.0b26.4x29.4x2.8x
Mon, 12 Dec 2022ر.س215.7bر.س85.8bر.س8.0b24.7x26.9x2.5x
Wed, 09 Nov 2022ر.س242.7bر.س78.3bر.س8.0b31.7x30.5x3.1x
Fri, 07 Oct 2022ر.س237.7bر.س78.3bر.س7.6b32.3x31.2x3x
Sun, 04 Sep 2022ر.س239.0bر.س78.3bر.س7.6b29.4x31.3x3.1x
Tue, 02 Aug 2022ر.س239.1bر.س77.4bر.س7.8b28.5x30.6x3.1x
Thu, 30 Jun 2022ر.س212.7bر.س77.4bر.س7.8b29x27.3x2.7x
Sat, 28 May 2022ر.س213.7bر.س77.4bر.س7.8b29x27.3x2.8x
Mon, 25 Apr 2022ر.س217.6bر.س77.3bر.س7.9b26.8x27.4x2.8x
Wed, 23 Mar 2022ر.س200.5bر.س82.3bر.س13.5b20.4x14.9x2.4x
Fri, 18 Feb 2022ر.س191.4bر.س82.0bر.س13.2b20.8x14.5x2.3x
Sun, 16 Jan 2022ر.س181.6bر.س82.0bر.س13.2b21.9x13.8x2.2x
Tue, 14 Dec 2021ر.س161.7bر.س82.0bر.س13.2b21.3x12.3x2x
Thu, 11 Nov 2021ر.س170.4bر.س82.0bر.س15.6b21.4x10.9x2.1x
Sat, 09 Oct 2021ر.س121.4bر.س75.4bر.س9.5b19x12.8x1.6x
Mon, 06 Sep 2021ر.س123.2bر.س75.4bر.س9.5b21.4x13x1.6x
Wed, 04 Aug 2021ر.س113.8bر.س75.4bر.س9.5b15.8x12x1.5x
Sat, 08 May 2021ر.س114.0bر.س73.1bر.س4.7b25x24.5x1.6x
Tue, 09 Feb 2021ر.س93.5bر.س70.7bر.س2.2b30x41.8x1.3x
Mon, 02 Nov 2020ر.س81.0bر.س66.8b-ر.س1,677,650,471.0094.2x-48.3x1.2x
Thu, 06 Aug 2020ر.س67.5bر.س67.2b-ر.س1,176,094,398.0046.9x-57.4x1x
Sun, 10 May 2020ر.س73.2bر.س67.0bر.س466.3m116.5x157.1x1.1x
Price to Earnings Ratio


Total Market Cap: ر.س68.5bTotal Earnings: ر.س466.3mTotal Revenue: ر.س67.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Saudi Arabian Utilities Sector Price to Earnings3Y Average 21.9x202120222023
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%
Gas Utilities2.64%
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.
  • In contrast, the Electric Utilities industry is expected to see its earnings grow by 21% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
2080 National Gas & Industerializationر.س56.303.1%
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