Some Investors May Be Worried About ACWA Power's (TADAWUL:2082) Returns On Capital
Feb 17
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Saudi Arabian (Tadawul) Utilities Sector Analysis
UpdatedFeb 19, 2025
DataAggregated Company Financials
Companies7
- 7D-0.5%
- 3M-1.3%
- 1Y28.3%
- YTD-2.4%
In the last week, Utilities has been flat. As for the the longer term, the industry is up 28% over the past 12 months. Earnings are forecast to grow by 23% 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 |
|---|---|---|---|---|---|---|
| Fri, 21 Feb 2025 | ر.س388.5b | ر.س103.2b | ر.س6.2b | 34.5x | 62.5x | 3.8x |
| Sun, 19 Jan 2025 | ر.س393.3b | ر.س103.2b | ر.س6.2b | 36.9x | 63.3x | 3.8x |
| Tue, 17 Dec 2024 | ر.س390.1b | ر.س103.2b | ر.س6.2b | 38.4x | 62.7x | 3.8x |
| Thu, 14 Nov 2024 | ر.س403.6b | ر.س103.2b | ر.س6.2b | 37.9x | 64.9x | 3.9x |
| Sat, 12 Oct 2024 | ر.س451.0b | ر.س98.2b | ر.س5.5b | 37.4x | 81.6x | 4.6x |
| Mon, 09 Sep 2024 | ر.س409.3b | ر.س98.2b | ر.س5.5b | 41.2x | 74.1x | 4.2x |
| Wed, 07 Aug 2024 | ر.س392.8b | ر.س95.4b | ر.س5.4b | 41.2x | 72.4x | 4.1x |
| Fri, 05 Jul 2024 | ر.س363.4b | ر.س95.2b | ر.س5.3b | 42.4x | 68.4x | 3.8x |
| Sun, 02 Jun 2024 | ر.س391.3b | ر.س94.8b | ر.س5.3b | 34.6x | 74.5x | 4.1x |
| Tue, 30 Apr 2024 | ر.س394.7b | ر.س92.1b | ر.س5.2b | 36x | 76.5x | 4.3x |
| Thu, 28 Mar 2024 | ر.س366.0b | ر.س91.8b | ر.س5.2b | 38.3x | 71x | 4x |
| Sat, 24 Feb 2024 | ر.س299.2b | ر.س89.5b | ر.س7.1b | 36.2x | 41.9x | 3.3x |
| Mon, 22 Jan 2024 | ر.س284.4b | ر.س89.5b | ر.س7.1b | 32.5x | 39.8x | 3.2x |
| Wed, 20 Dec 2023 | ر.س290.8b | ر.س89.5b | ر.س7.1b | 29.9x | 40.7x | 3.3x |
| Fri, 17 Nov 2023 | ر.س258.7b | ر.س89.5b | ر.س7.1b | 25.8x | 36.2x | 2.9x |
| Sun, 15 Oct 2023 | ر.س238.0b | ر.س87.8b | ر.س7.8b | 23.1x | 30.6x | 2.7x |
| Tue, 12 Sep 2023 | ر.س244.5b | ر.س87.8b | ر.س7.8b | 25.9x | 31.4x | 2.8x |
| Thu, 10 Aug 2023 | ر.س246.8b | ر.س87.1b | ر.س8.9b | 30.2x | 27.6x | 2.8x |
| Sat, 08 Jul 2023 | ر.س257.7b | ر.س87.1b | ر.س9.0b | 29.9x | 28.5x | 3x |
| Mon, 05 Jun 2023 | ر.س221.4b | ر.س87.1b | ر.س9.0b | 28.9x | 24.5x | 2.5x |
| Wed, 03 May 2023 | ر.س240.4b | ر.س86.9b | ر.س10.0b | 27.6x | 24x | 2.8x |
| Fri, 31 Mar 2023 | ر.س221.1b | ر.س86.6b | ر.س10.0b | 25.5x | 22.2x | 2.6x |
| Sun, 26 Feb 2023 | ر.س210.8b | ر.س85.8b | ر.س8.0b | 24.7x | 26.3x | 2.5x |
| Tue, 24 Jan 2023 | ر.س230.3b | ر.س85.8b | ر.س8.0b | 25.8x | 28.7x | 2.7x |
| Thu, 22 Dec 2022 | ر.س224.5b | ر.س85.8b | ر.س8.0b | 25.2x | 28x | 2.6x |
| Sat, 19 Nov 2022 | ر.س221.7b | ر.س78.4b | ر.س8.0b | 31.7x | 27.8x | 2.8x |
| Mon, 17 Oct 2022 | ر.س232.8b | ر.س78.3b | ر.س7.6b | 30.8x | 30.5x | 3x |
| Wed, 14 Sep 2022 | ر.س228.0b | ر.س78.3b | ر.س7.6b | 28.2x | 29.9x | 2.9x |
| Fri, 12 Aug 2022 | ر.س242.4b | ر.س77.4b | ر.س7.8b | 30.2x | 31.1x | 3.1x |
| Sun, 10 Jul 2022 | ر.س213.9b | ر.س77.4b | ر.س7.8b | 28x | 27.4x | 2.8x |
| Tue, 07 Jun 2022 | ر.س218.6b | ر.س77.4b | ر.س7.8b | 29.4x | 28x | 2.8x |
| Thu, 05 May 2022 | ر.س223.0b | ر.س77.3b | ر.س7.9b | 28.1x | 28.1x | 2.9x |
| Sat, 02 Apr 2022 | ر.س214.9b | ر.س77.3b | ر.س8.0b | 23.3x | 26.9x | 2.8x |
| Mon, 28 Feb 2022 | ر.س191.9b | ر.س82.0b | ر.س13.2b | 20.1x | 14.6x | 2.3x |
Price to Earnings Ratio
14.6x
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 62.5x which is higher than its 3-year average PE of 42.3x.
- The 3-year average PS ratio of 3.2x is lower than the industry's current PS ratio of 3.8x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have declined 22% per year over the last three years.
- Meanwhile revenues for these companies have grown 8.0% 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 | -0.64% | |
| Utilities | -0.54% | |
| Renewable Energy | -0.10% | |
| Electric Utilities | -1.05% | |
| Water Utilities | -1.97% | |
| Other Utilities | -3.66% | |
| Gas Utilities | -4.77% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 128x.
- Analysts expect its future annual earnings growth (22.6%) to be largely in line with prior year's earnings growth.
- Investors are most pessimistic about the Electric Utilities industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 18.2x.
Forecasted Growth
- Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 27% over the next 5 years.
- This is better than its past earnings decline of 24% per year.
- In contrast, the Renewable Energy industry is expected to see its earnings grow by 23% 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.س397.20 | 1.1% +ر.س3.1b | 55.7% | PE158.5x | |
| 9516 Natural Gas Distribution | ر.س58.00 | 3.6% +ر.س10.0m | 33.3% | PE83.4x |
