Improved Earnings Required Before Arabian Centres Company (TADAWUL:4321) Shares Find Their Feet
May 21
Saudi Arabian (Tadawul) Market Analysis & Valuation
UpdatedMay 23, 2024
DataAggregated Company Financials
Companies316
- 7D1.8%
- 3M-5.0%
- 1Y-1.6%
- YTD-5.5%
Over the last 7 days, the market has risen 1.8%, driven by gains of 2.5% in the Energy sector. In the last 12 months, the market has been flat. Earnings are forecast to grow by 6.8% annually.
Trending IndustriesOil and Gas
Market Valuation and Performance
Has the Saudi Arabian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 23 May 2024 | ر.س10.7t | ر.س2.8t | ر.س566.2b | 26.4x | 18.9x | 3.8x |
| Sat, 20 Apr 2024 | ر.س10.8t | ر.س2.8t | ر.س578.0b | 28.1x | 18.7x | 3.8x |
| Mon, 18 Mar 2024 | ر.س11.1t | ر.س2.8t | ر.س576.9b | 28.6x | 19.3x | 4x |
| Wed, 14 Feb 2024 | ر.س11.1t | ر.س2.9t | ر.س604.8b | 25.7x | 18.4x | 3.9x |
| Fri, 12 Jan 2024 | ر.س11.3t | ر.س2.9t | ر.س604.6b | 25.3x | 18.7x | 4x |
| Sun, 10 Dec 2023 | ر.س11.0t | ر.س2.8t | ر.س604.4b | 23.6x | 18.3x | 3.9x |
| Tue, 07 Nov 2023 | ر.س11.0t | ر.س3.0t | ر.س637.4b | 23.3x | 17.3x | 3.7x |
| Thu, 05 Oct 2023 | ر.س11.2t | ر.س3.0t | ر.س636.4b | 24.2x | 17.7x | 3.8x |
| Sat, 02 Sep 2023 | ر.س11.5t | ر.س3.0t | ر.س636.3b | 25.8x | 18.1x | 3.9x |
| Mon, 31 Jul 2023 | ر.س11.0t | ر.س3.2t | ر.س715.1b | 25.7x | 15.4x | 3.5x |
| Wed, 28 Jun 2023 | ر.س10.9t | ر.س3.2t | ر.س714.9b | 26.5x | 15.3x | 3.4x |
| Fri, 26 May 2023 | ر.س10.7t | ر.س3.2t | ر.س724.8b | 25.7x | 14.8x | 3.3x |
| Sun, 23 Apr 2023 | ر.س10.6t | ر.س3.2t | ر.س754.1b | 24.7x | 14.1x | 3.3x |
| Tue, 21 Mar 2023 | ر.س9.6t | ر.س3.2t | ر.س756.1b | 22.7x | 12.7x | 3x |
| Thu, 16 Feb 2023 | ر.س10.1t | ر.س3.2t | ر.س752.2b | 24.4x | 13.5x | 3.2x |
| Sat, 14 Jan 2023 | ر.س10.0t | ر.س3.2t | ر.س750.1b | 24.1x | 13.3x | 3.1x |
| Mon, 12 Dec 2022 | ر.س9.5t | ر.س3.2t | ر.س748.3b | 23.7x | 12.7x | 3x |
| Wed, 09 Nov 2022 | ر.س10.7t | ر.س3.2t | ر.س745.8b | 26.9x | 14.4x | 3.4x |
| Fri, 07 Oct 2022 | ر.س11.0t | ر.س2.9t | ر.س699.7b | 27.8x | 15.7x | 3.8x |
| Sun, 04 Sep 2022 | ر.س11.3t | ر.س2.9t | ر.س699.5b | 25.8x | 16.2x | 3.9x |
| Tue, 02 Aug 2022 | ر.س11.9t | ر.س2.6t | ر.س607.4b | 26.9x | 19.6x | 4.6x |
| Thu, 30 Jun 2022 | ر.س11.5t | ر.س2.6t | ر.س607.1b | 25.6x | 19x | 4.5x |
| Sat, 28 May 2022 | ر.س12.1t | ر.س2.6t | ر.س606.7b | 28x | 20x | 4.7x |
| Mon, 25 Apr 2022 | ر.س12.1t | ر.س2.3t | ر.س530.9b | 29.5x | 22.8x | 5.2x |
| Wed, 23 Mar 2022 | ر.س11.8t | ر.س2.4t | ر.س541.3b | 27.9x | 21.8x | 5x |
| Fri, 18 Feb 2022 | ر.س10.7t | ر.س2.1t | ر.س468.5b | 28.7x | 22.9x | 5x |
| Sun, 16 Jan 2022 | ر.س10.4t | ر.س2.1t | ر.س461.2b | 28.9x | 22.5x | 4.9x |
| Tue, 14 Dec 2021 | ر.س9.7t | ر.س2.1t | ر.س460.4b | 27x | 21.2x | 4.6x |
| Thu, 11 Nov 2021 | ر.س10.4t | ر.س2.1t | ر.س461.7b | 27.4x | 22.5x | 5x |
| Sat, 09 Oct 2021 | ر.س10.3t | ر.س1.9t | ر.س377.9b | 30.4x | 27.2x | 5.5x |
| Mon, 06 Sep 2021 | ر.س9.8t | ر.س1.9t | ر.س377.9b | 31.8x | 26x | 5.2x |
| Wed, 04 Aug 2021 | ر.س9.7t | ر.س1.9t | ر.س378.6b | 30.7x | 25.7x | 5.2x |
Price to Earnings Ratio
36x
Current Market PE
- Investors are relatively neutral on the Saudi market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 19.3x.
Past Earnings Growth
- The earnings for Saudi listed companies have grown 28% per year over the last three years.
- Revenues for these companies have grown 21% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Saudi Arabian Market?
| SA Market | 1.84% | |
| Utilities | 8.05% | |
| Energy | 2.53% | |
| Healthcare | 0.061% | |
| Materials | 0.0093% | |
| Financials | -0.033% | |
| Telecom | -0.45% | |
| Consumer Discretionary | -2.42% | |
| Industrials | -2.74% | |
| Consumer Staples | -2.92% | |
| Tech | -2.98% | |
| Real Estate | -3.81% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 28.5x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 34.3%, which is higher than its past year's earnings growth of 14.0% per year.
- The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 19.2x.
Forecasted Growth
- Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 44% over the next 5 years.
- This is better than its past earnings decline of 23% per year.
- In contrast, the Real Estate industry is expected to see its earnings growth to stay flat 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 | Sector | |
|---|---|---|---|---|---|---|
| 2222 Saudi Arabian Oil | ر.س30.05 | 1.0% +ر.س72.6b | -5.8% | PE16.6x | Energy | |
| 2082 ACWA Power | ر.س485.40 | 5.6% +ر.س18.9b | 216.2% | PE209.6x | Utilities | |
| 9544 Future Care Trading | ر.س13.70 | 26.9% +ر.س1.5b | -4.2% | PE1096.7x | Healthcare | |
| 1211 Saudi Arabian Mining Company (Ma'aden) | ر.س50.20 | 0.6% +ر.س1.1b | 17.7% | PE86.6x | Materials | |
| 4200 Aldrees Petroleum and Transport Services | ر.س113.40 | 7.6% +ر.س800.0m | 33.3% | PE39.4x | Energy |
