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Dec 30
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Saudi Arabian (Tadawul) Market Analysis & Valuation
UpdatedDec 30, 2024
DataAggregated Company Financials
Companies348
- 7D-1.2%
- 3M-0.02%
- 1Y-11.0%
- YTD-11.1%
Over the last 7 days, the market has dropped 1.2%, driven by a pullback of 2.1% in the Energy sector. As for last year, the market is also down 11%. Earnings are forecast to grow by 6.0% 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 |
|---|---|---|---|---|---|---|
| Mon, 30 Dec 2024 | ر.س10.1t | ر.س2.9t | ر.س552.1b | 23.2x | 18.4x | 3.5x |
| Wed, 27 Nov 2024 | ر.س10.0t | ر.س2.9t | ر.س551.8b | 23.5x | 18.2x | 3.5x |
| Fri, 25 Oct 2024 | ر.س10.0t | ر.س2.9t | ر.س572.5b | 25.4x | 17.4x | 3.5x |
| Sun, 22 Sep 2024 | ر.س10.1t | ر.س2.9t | ر.س571.2b | 25.9x | 17.7x | 3.5x |
| Tue, 20 Aug 2024 | ر.س10.3t | ر.س2.9t | ر.س571.0b | 25.5x | 18x | 3.6x |
| Thu, 18 Jul 2024 | ر.س10.3t | ر.س2.8t | ر.س567.5b | 25.7x | 18.2x | 3.7x |
| Sat, 15 Jun 2024 | ر.س10.0t | ر.س2.8t | ر.س567.3b | 25.3x | 17.6x | 3.5x |
| Mon, 13 May 2024 | ر.س10.7t | ر.س2.8t | ر.س566.5b | 27.6x | 18.9x | 3.8x |
| Wed, 10 Apr 2024 | ر.س10.9t | ر.س2.8t | ر.س577.8b | 27.5x | 18.9x | 3.9x |
| Fri, 08 Mar 2024 | ر.س11.2t | ر.س2.8t | ر.س602.2b | 27.7x | 18.6x | 3.9x |
| Sun, 04 Feb 2024 | ر.س10.8t | ر.س2.9t | ر.س604.9b | 24.7x | 17.8x | 3.8x |
| Tue, 02 Jan 2024 | ر.س11.3t | ر.س2.8t | ر.س604.4b | 24.9x | 18.7x | 4x |
| Thu, 30 Nov 2023 | ر.س11.1t | ر.س2.8t | ر.س604.4b | 23.9x | 18.3x | 3.9x |
| Sat, 28 Oct 2023 | ر.س10.8t | ر.س3.0t | ر.س636.7b | 22.9x | 17x | 3.6x |
| Mon, 25 Sep 2023 | ر.س11.2t | ر.س3.0t | ر.س636.6b | 24.5x | 17.5x | 3.8x |
| Wed, 23 Aug 2023 | ر.س11.4t | ر.س3.0t | ر.س636.0b | 25.2x | 17.9x | 3.8x |
| Fri, 21 Jul 2023 | ر.س11.0t | ر.س3.2t | ر.س715.4b | 25.8x | 15.4x | 3.5x |
| Sun, 18 Jun 2023 | ر.س11.0t | ر.س3.2t | ر.س714.2b | 27.1x | 15.4x | 3.5x |
| Tue, 16 May 2023 | ر.س11.1t | ر.س3.2t | ر.س730.3b | 25.5x | 15.2x | 3.5x |
| Thu, 13 Apr 2023 | ر.س10.1t | ر.س3.2t | ر.س753.4b | 24.8x | 13.5x | 3.1x |
| Sat, 11 Mar 2023 | ر.س10.0t | ر.س3.2t | ر.س748.2b | 23.7x | 13.4x | 3.1x |
| Mon, 06 Feb 2023 | ر.س9.9t | ر.س3.2t | ر.س750.3b | 23.9x | 13.2x | 3.1x |
| Wed, 04 Jan 2023 | ر.س10.0t | ر.س3.2t | ر.س750.1b | 24.4x | 13.3x | 3.1x |
| Fri, 02 Dec 2022 | ر.س10.1t | ر.س3.2t | ر.س748.3b | 25.2x | 13.5x | 3.2x |
| Sun, 30 Oct 2022 | ر.س10.7t | ر.س2.9t | ر.س700.0b | 27x | 15.3x | 3.6x |
| Tue, 27 Sep 2022 | ر.س10.4t | ر.س2.9t | ر.س699.4b | 26.3x | 14.9x | 3.5x |
| Thu, 25 Aug 2022 | ر.س11.8t | ر.س2.9t | ر.س701.2b | 26.6x | 16.9x | 4x |
| Sat, 23 Jul 2022 | ر.س11.6t | ر.س2.6t | ر.س607.6b | 26.8x | 19x | 4.5x |
| Mon, 20 Jun 2022 | ر.س11.5t | ر.س2.6t | ر.س606.8b | 25.4x | 18.9x | 4.4x |
| Wed, 18 May 2022 | ر.س12.5t | ر.س2.6t | ر.س603.8b | 27.4x | 20.6x | 4.9x |
| Fri, 15 Apr 2022 | ر.س12.0t | ر.س2.3t | ر.س530.2b | 30.3x | 22.6x | 5.2x |
| Sun, 13 Mar 2022 | ر.س11.5t | ر.س2.2t | ر.س474.6b | 26.8x | 24.2x | 5.3x |
| Tue, 08 Feb 2022 | ر.س10.5t | ر.س2.1t | ر.س463.7b | 28.5x | 22.6x | 5x |
| Thu, 06 Jan 2022 | ر.س10.0t | ر.س2.1t | ر.س461.2b | 26.4x | 21.7x | 4.8x |
Price to Earnings Ratio
21.7x
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 17.6x.
Past Earnings Growth
- The earnings for Saudi listed companies have grown 6.2% per year over the last three years.
- Revenues for these companies have grown 11% 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 | -1.18% | |
| Financials | 1.96% | |
| Utilities | 1.94% | |
| Real Estate | 1.64% | |
| Materials | 0.88% | |
| Tech | 0.14% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Healthcare | -0.78% | |
| Telecom | -1.22% | |
| Industrials | -1.33% | |
| Consumer Discretionary | -1.81% | |
| Energy | -2.09% | |
| Consumer Staples | -2.29% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 40.0x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 23.0% which is higher than its past year's earnings decline of 3.4% per year.
- The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 17.2x.
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 growth rate of 5.5% 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 | |
|---|---|---|---|---|---|---|
| 2082 ACWA Power | ر.س395.80 | 2.4% +ر.س6.9b | 54.3% | PE157.9x | Utilities | |
| 1120 Al Rajhi Banking and Investment | ر.س92.00 | 1.9% +ر.س6.8b | 6.4% | PB3.1x | Financials | |
| 1180 Saudi National Bank | ر.س33.65 | 2.7% +ر.س5.4b | -12.9% | PB1.1x | Financials | |
| 1211 Saudi Arabian Mining Company (Ma'aden) | ر.س50.20 | 2.2% +ر.س4.1b | 3.4% | PE47.8x | Materials | |
| 1060 Saudi Awwal Bank | ر.س33.15 | 3.0% +ر.س2.0b | -12.5% | PB1.1x | Financials |
