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Saudi Arabian (Tadawul) Market Analysis & Valuation
UpdatedSep 27, 2024
DataAggregated Company Financials
Companies332
- 7D1.7%
- 3M2.0%
- 1Y-11.3%
- YTD-9.8%
Over the last 7 days, the market has risen 1.7%, driven by gains in every sector, especially the Utilities sector. Over the past year the market is down 11%. As for the next few years, earnings are expected to grow by 7.2% per annum.
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 |
|---|---|---|---|---|---|---|
| Fri, 27 Sep 2024 | ر.س10.2t | ر.س2.9t | ر.س571.1b | 26.1x | 17.9x | 3.6x |
| Sun, 25 Aug 2024 | ر.س10.2t | ر.س2.9t | ر.س571.1b | 25.8x | 17.8x | 3.6x |
| Tue, 23 Jul 2024 | ر.س10.3t | ر.س2.8t | ر.س567.5b | 26x | 18.2x | 3.7x |
| Thu, 20 Jun 2024 | ر.س10.0t | ر.س2.8t | ر.س567.4b | 25.1x | 17.6x | 3.5x |
| Sat, 18 May 2024 | ر.س10.7t | ر.س2.8t | ر.س566.0b | 27x | 18.8x | 3.8x |
| Mon, 15 Apr 2024 | ر.س10.9t | ر.س2.8t | ر.س577.8b | 27.8x | 18.9x | 3.9x |
| Wed, 13 Mar 2024 | ر.س11.3t | ر.س2.8t | ر.س585.0b | 27.6x | 19.3x | 4x |
| Fri, 09 Feb 2024 | ر.س10.8t | ر.س2.9t | ر.س604.8b | 26x | 17.9x | 3.8x |
| Sun, 07 Jan 2024 | ر.س11.3t | ر.س2.9t | ر.س604.6b | 25.2x | 18.7x | 4x |
| Tue, 05 Dec 2023 | ر.س11.1t | ر.س2.8t | ر.س604.4b | 23.4x | 18.3x | 3.9x |
| Thu, 02 Nov 2023 | ر.س10.9t | ر.س3.0t | ر.س638.4b | 23.3x | 17.1x | 3.7x |
| Sat, 30 Sep 2023 | ر.س11.4t | ر.س3.0t | ر.س636.6b | 24.6x | 17.9x | 3.8x |
| Mon, 28 Aug 2023 | ر.س11.4t | ر.س3.0t | ر.س636.3b | 25.4x | 18x | 3.9x |
| Wed, 26 Jul 2023 | ر.س11.1t | ر.س3.2t | ر.س715.5b | 25.6x | 15.5x | 3.5x |
| Fri, 23 Jun 2023 | ر.س10.9t | ر.س3.2t | ر.س714.5b | 26.5x | 15.3x | 3.4x |
| Sun, 21 May 2023 | ر.س10.9t | ر.س3.2t | ر.س726.5b | 25.3x | 15x | 3.4x |
| Tue, 18 Apr 2023 | ر.س10.6t | ر.س3.2t | ر.س753.8b | 24.7x | 14.1x | 3.3x |
| Thu, 16 Mar 2023 | ر.س9.8t | ر.س3.2t | ر.س756.6b | 23.4x | 12.9x | 3x |
| Sat, 11 Feb 2023 | ر.س9.9t | ر.س3.2t | ر.س752.0b | 24.4x | 13.2x | 3.1x |
| Mon, 09 Jan 2023 | ر.س9.8t | ر.س3.2t | ر.س750.1b | 24.4x | 13x | 3.1x |
| Wed, 07 Dec 2022 | ر.س9.8t | ر.س3.2t | ر.س748.3b | 24.3x | 13.1x | 3.1x |
| Fri, 04 Nov 2022 | ر.س10.6t | ر.س3.2t | ر.س751.3b | 26.5x | 14.1x | 3.4x |
| Sun, 02 Oct 2022 | ر.س10.9t | ر.س2.9t | ر.س699.7b | 27.5x | 15.5x | 3.7x |
| Tue, 30 Aug 2022 | ر.س11.7t | ر.س2.9t | ر.س699.5b | 26.8x | 16.7x | 4x |
| Thu, 28 Jul 2022 | ر.س11.6t | ر.س2.6t | ر.س607.7b | 26.8x | 19.1x | 4.5x |
| Sat, 25 Jun 2022 | ر.س11.1t | ر.س2.6t | ر.س606.9b | 25.1x | 18.2x | 4.3x |
| Mon, 23 May 2022 | ر.س11.9t | ر.س2.6t | ر.س606.8b | 28.2x | 19.6x | 4.6x |
| Wed, 20 Apr 2022 | ر.س12.1t | ر.س2.3t | ر.س530.2b | 30.6x | 22.9x | 5.2x |
| Fri, 18 Mar 2022 | ر.س11.4t | ر.س2.2t | ر.س475.6b | 26.8x | 24x | 5.3x |
| Sun, 13 Feb 2022 | ر.س10.6t | ر.س2.1t | ر.س467.6b | 29.8x | 22.6x | 5x |
| Tue, 11 Jan 2022 | ر.س10.1t | ر.س2.1t | ر.س461.2b | 27x | 21.9x | 4.8x |
| Thu, 09 Dec 2021 | ر.س9.8t | ر.س2.1t | ر.س460.4b | 26.5x | 21.3x | 4.7x |
| Sat, 06 Nov 2021 | ر.س10.5t | ر.س2.1t | ر.س456.8b | 29.2x | 23x | 5x |
| Mon, 04 Oct 2021 | ر.س10.0t | ر.س1.9t | ر.س377.9b | 31.2x | 26.5x | 5.3x |
Price to Earnings Ratio
26.5x
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 18.1x.
Past Earnings Growth
- The earnings for Saudi listed companies have grown 15% per year over the last three years.
- Revenues for these companies have grown 15% 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 | 1.66% | |
| Utilities | 14.78% | |
| Tech | 4.64% | |
| Materials | 4.43% | |
| Consumer Discretionary | 1.73% | |
| Consumer Staples | 1.45% | |
| Telecom | 1.37% | |
| Real Estate | 1.28% | |
| Industrials | 1.23% | |
| Healthcare | 1.11% | |
| Financials | 0.91% | |
| Energy | 0.74% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 35.1x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 18.3% which is higher than its past year's earnings decline of 1.1% per year.
- The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 18.1x.
Forecasted Growth
- Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 34% over the next 5 years.
- This is better than its past earnings decline of 2.5% per year.
- In contrast, the Energy sector is expected to see its earnings grow by 2.2% 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 | Sector | |
|---|---|---|---|---|---|---|
| 2082 ACWA Power | ر.س485.00 | 19.8% +ر.س58.8b | 148.5% | PE186.5x | Utilities | |
| 2222 Saudi Arabian Oil | ر.س27.60 | 0.7% +ر.س48.4b | -21.1% | PE15.3x | Energy | |
| 1211 Saudi Arabian Mining Company (Ma'aden) | ر.س46.80 | 11.7% +ر.س18.1b | 16.0% | PE61.4x | Materials | |
| 2010 Saudi Basic Industries | ر.س74.90 | 2.5% +ر.س5.4b | -9.2% | PE116.9x | Materials | |
| 7203 Elm | ر.س1.12k | 6.0% +ر.س4.9b | 43.5% | PE58.3x | Tech |
