We Think Natural Gas Distribution's (TADAWUL:9516) Profit Is Only A Baseline For What They Can Achieve
Mar 31
Have your own idea? Try our Stock Screener
Saudi Arabian (Tadawul) Utilities Sector Analysis
UpdatedMar 31, 2026
DataAggregated Company Financials
Companies7
- 7D3.6%
- 3M0.4%
- 1Y-38.6%
- YTD-2.1%
Over the last 7 days, the Utilities industry has risen 1.8%, driven by gains from every company within the industry. However, the industry is down 39% over the past year. Looking forward, earnings are forecast to grow by 28% 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, 31 Mar 2026 | ر.س219.0b | ر.س123.2b | ر.س6.9b | 17.7x | 31.7x | 1.8x |
| Thu, 26 Feb 2026 | ر.س207.8b | ر.س120.8b | -ر.س181,522,031.00 | 31.1x | -1145x | 1.7x |
| Sat, 24 Jan 2026 | ر.س219.4b | ر.س120.8b | -ر.س181,522,031.00 | 36.4x | -1208.5x | 1.8x |
| Mon, 22 Dec 2025 | ر.س223.9b | ر.س120.8b | -ر.س181,522,031.00 | 38.7x | -1233.5x | 1.9x |
| Wed, 19 Nov 2025 | ر.س247.7b | ر.س120.8b | -ر.س181,522,031.00 | 43.8x | -1364.8x | 2.1x |
| Fri, 17 Oct 2025 | ر.س271.5b | ر.س117.7b | ر.س1.4b | 46.2x | 189x | 2.3x |
| Sun, 14 Sep 2025 | ر.س236.6b | ر.س117.7b | ر.س1.4b | 41.9x | 164.7x | 2x |
| Tue, 12 Aug 2025 | ر.س252.8b | ر.س112.3b | ر.س538.6m | 48.8x | 469.4x | 2.3x |
| Thu, 10 Jul 2025 | ر.س272.2b | ر.س112.0b | ر.س686.7m | 53.3x | 396.4x | 2.4x |
| Sat, 07 Jun 2025 | ر.س282.6b | ر.س112.0b | ر.س686.7m | 49.6x | 411.5x | 2.5x |
| Mon, 05 May 2025 | ر.س313.4b | ر.س107.2b | ر.س372.4m | 75x | 841.7x | 2.9x |
| Wed, 02 Apr 2025 | ر.س345.8b | ر.س107.1b | ر.س388.3m | 69.1x | 890.7x | 3.2x |
| Fri, 28 Feb 2025 | ر.س371.5b | ر.س103.1b | ر.س6.1b | 33.5x | 60.5x | 3.6x |
| Sun, 26 Jan 2025 | ر.س410.8b | ر.س103.2b | ر.س6.2b | 36x | 66.1x | 4x |
| Tue, 24 Dec 2024 | ر.س385.5b | ر.س103.2b | ر.س6.2b | 35.5x | 62x | 3.7x |
| Thu, 21 Nov 2024 | ر.س393.4b | ر.س103.2b | ر.س6.2b | 38.6x | 63.3x | 3.8x |
| Sat, 19 Oct 2024 | ر.س430.3b | ر.س98.2b | ر.س5.5b | 37x | 77.9x | 4.4x |
| Mon, 16 Sep 2024 | ر.س385.9b | ر.س98.2b | ر.س5.5b | 40.5x | 69.9x | 3.9x |
| Wed, 14 Aug 2024 | ر.س388.3b | ر.س98.1b | ر.س6.1b | 39.2x | 63.8x | 4x |
| Fri, 12 Jul 2024 | ر.س373.6b | ر.س95.2b | ر.س5.3b | 42x | 70.4x | 3.9x |
| Sun, 09 Jun 2024 | ر.س378.5b | ر.س95.2b | ر.س5.3b | 36.7x | 71.3x | 4x |
| Tue, 07 May 2024 | ر.س399.0b | ر.س92.2b | ر.س5.1b | 37.8x | 78.3x | 4.3x |
| Thu, 04 Apr 2024 | ر.س369.7b | ر.س92.1b | ر.س5.2b | 35.4x | 71.7x | 4x |
| Sat, 02 Mar 2024 | ر.س308.0b | ر.س89.7b | ر.س7.3b | 38.2x | 42.2x | 3.4x |
| Mon, 29 Jan 2024 | ر.س285.2b | ر.س89.5b | ر.س7.1b | 32.7x | 39.9x | 3.2x |
| Wed, 27 Dec 2023 | ر.س289.4b | ر.س89.5b | ر.س7.1b | 29.9x | 40.5x | 3.2x |
| Fri, 24 Nov 2023 | ر.س263.2b | ر.س89.5b | ر.س7.1b | 26.7x | 36.8x | 2.9x |
| Sun, 22 Oct 2023 | ر.س261.2b | ر.س87.8b | ر.س7.8b | 22.9x | 33.6x | 3x |
| Tue, 19 Sep 2023 | ر.س243.9b | ر.س87.8b | ر.س7.8b | 25x | 31.3x | 2.8x |
| Thu, 17 Aug 2023 | ر.س253.1b | ر.س87.7b | ر.س7.8b | 28.8x | 32.6x | 2.9x |
| Sat, 15 Jul 2023 | ر.س257.6b | ر.س87.1b | ر.س9.0b | 30.4x | 28.5x | 3x |
| Mon, 12 Jun 2023 | ر.س234.1b | ر.س87.1b | ر.س9.0b | 28.9x | 25.9x | 2.7x |
| Wed, 10 May 2023 | ر.س244.7b | ر.س86.9b | ر.س10.0b | 27.7x | 24.4x | 2.8x |
| Fri, 07 Apr 2023 | ر.س227.7b | ر.س86.7b | ر.س10.0b | 26.8x | 22.7x | 2.6x |
Price to Earnings Ratio
22.7x
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 31.1x which is higher than its 3-year average PE of 6.1x.
- The 3-year average PS ratio of 3.1x is higher than the industry's current PS ratio of 1.7x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have declined 12% per year over the last three years.
- Meanwhile revenues for these companies 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 | 1.23% | |
| Utilities | 3.59% | |
| Electric Utilities | 10.37% | |
| Gas Utilities | 6.01% | |
| Water Utilities | 2.03% | |
| Other Utilities | 1.42% | |
| Renewable Energy | 0.47% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 120x.
- Analysts are expecting annual earnings growth of 26.9%, which is higher than its past year's earnings growth of 5.4% per year.
- 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 0.68x.
Forecasted Growth
- Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 31% over the next 5 years.
- In contrast, the Water Utilities industry is expected to see its earnings grow by 4.4% 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 Energy | ر.س16.50 | 10.4% +ر.س6.5b | 3.4% | PE17.1x | |
| 2082 ACWA Power | ر.س170.60 | 0.5% +ر.س613.0m | -50.3% | PE70.6x | |
| 2080 National Gas and Industrialization | ر.س82.55 | 5.8% +ر.س341.3m | -11.2% | PE24.9x | |
| 2081 Alkhorayef Water and Power Technologies | ر.س118.00 | 3.2% +ر.س129.5m | -28.5% | PE15.9x | |
| 2083 Power and Water Utility Company for Jubail and Yanbu | ر.س30.02 | 1.4% +ر.س105.0m | -34.6% | PE16.7x |
