Earnings Tell The Story For Saudi Arabian Mining Company (Ma'aden) (TADAWUL:1211) As Its Stock Soars 25%
Oct 12
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Saudi Arabian (Tadawul) Market Analysis & Valuation
UpdatedOct 19, 2024
DataAggregated Company Financials
Companies334
- 7D-0.3%
- 3M-3.8%
- 1Y-10.0%
- YTD-12.1%
The market has been flat in the last week, however the Utilities sector is down 4.6%. As for last year, the market is down 10.0%. Earnings are forecast to grow by 6.8% annually.
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 |
|---|---|---|---|---|---|---|
| Sun, 20 Oct 2024 | ر.س10.0t | ر.س2.9t | ر.س571.7b | 25.6x | 17.5x | 3.5x |
| Tue, 17 Sep 2024 | ر.س10.0t | ر.س2.9t | ر.س571.1b | 25.8x | 17.5x | 3.5x |
| Thu, 15 Aug 2024 | ر.س10.2t | ر.س2.9t | ر.س571.1b | 24.7x | 17.9x | 3.6x |
| Sat, 13 Jul 2024 | ر.س10.2t | ر.س2.8t | ر.س567.5b | 25.7x | 17.9x | 3.6x |
| Mon, 10 Jun 2024 | ر.س10.1t | ر.س2.8t | ر.س566.9b | 25.4x | 17.8x | 3.6x |
| Wed, 08 May 2024 | ر.س10.7t | ر.س2.8t | ر.س579.9b | 27.7x | 18.5x | 3.8x |
| Fri, 05 Apr 2024 | ر.س10.9t | ر.س2.8t | ر.س577.7b | 27x | 18.9x | 3.9x |
| Sun, 03 Mar 2024 | ر.س11.2t | ر.س2.9t | ر.س606.0b | 28x | 18.5x | 3.9x |
| Tue, 30 Jan 2024 | ر.س11.0t | ر.س2.9t | ر.س604.6b | 25x | 18.1x | 3.8x |
| Thu, 28 Dec 2023 | ر.س11.3t | ر.س2.8t | ر.س604.4b | 24.4x | 18.6x | 4x |
| Sat, 25 Nov 2023 | ر.س11.1t | ر.س2.8t | ر.س604.4b | 23.6x | 18.3x | 3.9x |
| Mon, 23 Oct 2023 | ر.س10.9t | ر.س3.0t | ر.س636.9b | 22.9x | 17.1x | 3.7x |
| Wed, 20 Sep 2023 | ر.س11.2t | ر.س3.0t | ر.س636.4b | 24.6x | 17.6x | 3.8x |
| Fri, 18 Aug 2023 | ر.س11.5t | ر.س3.0t | ر.س635.1b | 25.9x | 18.1x | 3.9x |
| Sun, 16 Jul 2023 | ر.س11.0t | ر.س3.2t | ر.س715.4b | 25.9x | 15.3x | 3.4x |
| Tue, 13 Jun 2023 | ر.س10.9t | ر.س3.2t | ر.س714.2b | 26.3x | 15.2x | 3.4x |
| Thu, 11 May 2023 | ر.س11.2t | ر.س3.2t | ر.س730.2b | 24.9x | 15.3x | 3.5x |
| Sat, 08 Apr 2023 | ر.س10.1t | ر.س3.2t | ر.س758.3b | 24.4x | 13.4x | 3.1x |
| Mon, 06 Mar 2023 | ر.س9.8t | ر.س3.2t | ر.س753.1b | 23.9x | 13.1x | 3.1x |
| Wed, 01 Feb 2023 | ر.س10.1t | ر.س3.2t | ر.س750.2b | 23.7x | 13.5x | 3.2x |
| Fri, 30 Dec 2022 | ر.س9.9t | ر.س3.2t | ر.س750.1b | 23.9x | 13.2x | 3.1x |
| Sun, 27 Nov 2022 | ر.س10.2t | ر.س3.2t | ر.س748.2b | 24.4x | 13.6x | 3.2x |
| Tue, 25 Oct 2022 | ر.س11.2t | ر.س2.9t | ر.س699.8b | 28x | 16x | 3.8x |
| Thu, 22 Sep 2022 | ر.س10.9t | ر.س2.9t | ر.س699.4b | 26.8x | 15.6x | 3.7x |
| Sat, 20 Aug 2022 | ر.س11.9t | ر.س2.9t | ر.س700.1b | 27x | 17.1x | 4.1x |
| Mon, 18 Jul 2022 | ر.س10.9t | ر.س2.6t | ر.س607.5b | 25x | 18x | 4.2x |
| Wed, 15 Jun 2022 | ر.س11.7t | ر.س2.6t | ر.س606.8b | 26.6x | 19.2x | 4.5x |
| Fri, 13 May 2022 | ر.س12.7t | ر.س2.3t | ر.س538.6b | 28.9x | 23.6x | 5.4x |
| Sun, 10 Apr 2022 | ر.س12.0t | ر.س2.4t | ر.س536.1b | 29.4x | 22.4x | 5.1x |
| Tue, 08 Mar 2022 | ر.س12.5t | ر.س2.1t | ر.س473.5b | 27.3x | 26.3x | 5.8x |
| Thu, 03 Feb 2022 | ر.س10.6t | ر.س2.1t | ر.س461.3b | 28.3x | 23x | 5x |
| Sat, 01 Jan 2022 | ر.س10.0t | ر.س2.1t | ر.س461.2b | 26.3x | 21.7x | 4.8x |
| Mon, 29 Nov 2021 | ر.س9.7t | ر.س2.1t | ر.س460.1b | 24.8x | 21.1x | 4.6x |
| Wed, 27 Oct 2021 | ر.س10.5t | ر.س1.9t | ر.س380.7b | 30.8x | 27.5x | 5.5x |
Price to Earnings Ratio
27.5x
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 17.9x.
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 | -0.30% | |
| Consumer Discretionary | 2.48% | |
| Industrials | 2.21% | |
| Consumer Staples | 1.57% | |
| Healthcare | 0.96% | |
| Materials | 0.67% | |
| Real Estate | 0.44% | |
| Telecom | 0.37% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Energy | -0.17% | |
| Financials | -1.06% | |
| Tech | -2.65% | |
| Utilities | -4.58% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 36.4x.
- 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 17.9x.
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 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 | |
|---|---|---|---|---|---|---|
| 1211 Saudi Arabian Mining Company (Ma'aden) | ر.س50.90 | 4.0% +ر.س7.2b | 29.4% | PE66.7x | Materials | |
| 4280 Kingdom Holding | ر.س10.96 | 5.4% +ر.س2.1b | 56.6% | PE29.7x | Financials | |
| 1111 Saudi Tadawul Group Holding | ر.س247.00 | 4.7% +ر.س1.3b | 39.7% | PE53x | Financials | |
| 8210 Bupa Arabia for Cooperative Insurance | ر.س210.40 | 4.3% +ر.س1.3b | -4.5% | PE27.5x | Financials | |
| 8010 Company for Cooperative Insurance | ر.س147.00 | 5.0% +ر.س1.0b | 18.9% | PE23.1x | Financials |
