Saudi Awwal Bank (TADAWUL:1060) Has Announced That It Will Be Increasing Its Dividend To SAR1.00
Aug 16
Saudi Arabian (Tadawul) Market Analysis & Valuation
UpdatedAug 21, 2024
DataAggregated Company Financials
Companies328
- 7D1.0%
- 3M-4.3%
- 1Y-10.8%
- YTD-9.5%
The Healthcare sector gained 6.7% while the market remained flat over the last week. The past year hasn't been profitable, with the market dropping 11%. Looking forward, 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 |
|---|---|---|---|---|---|---|
| Thu, 22 Aug 2024 | ر.س10.3t | ر.س2.9t | ر.س571.1b | 25.6x | 18x | 3.6x |
| Sat, 20 Jul 2024 | ر.س10.4t | ر.س2.8t | ر.س567.5b | 25.6x | 18.3x | 3.7x |
| Mon, 17 Jun 2024 | ر.س10.0t | ر.س2.8t | ر.س567.3b | 25.2x | 17.6x | 3.5x |
| Wed, 15 May 2024 | ر.س10.7t | ر.س2.8t | ر.س566.4b | 27.1x | 18.9x | 3.8x |
| Fri, 12 Apr 2024 | ر.س10.9t | ر.س2.8t | ر.س577.8b | 27.5x | 18.9x | 3.9x |
| Sun, 10 Mar 2024 | ر.س11.2t | ر.س2.8t | ر.س607.1b | 27.2x | 18.4x | 3.9x |
| Tue, 06 Feb 2024 | ر.س10.8t | ر.س2.9t | ر.س604.8b | 25.3x | 17.8x | 3.8x |
| Thu, 04 Jan 2024 | ر.س11.2t | ر.س2.8t | ر.س604.4b | 24.9x | 18.6x | 3.9x |
| Sat, 02 Dec 2023 | ر.س11.1t | ر.س2.8t | ر.س604.4b | 23.5x | 18.3x | 3.9x |
| Mon, 30 Oct 2023 | ر.س10.8t | ر.س3.0t | ر.س637.7b | 22.9x | 17x | 3.6x |
| Wed, 27 Sep 2023 | ر.س11.2t | ر.س3.0t | ر.س636.5b | 24.2x | 17.6x | 3.8x |
| Fri, 25 Aug 2023 | ر.س11.4t | ر.س3.0t | ر.س636.3b | 25.5x | 18x | 3.9x |
| Sun, 23 Jul 2023 | ر.س11.0t | ر.س3.2t | ر.س715.5b | 25.8x | 15.4x | 3.5x |
| Tue, 20 Jun 2023 | ر.س10.8t | ر.س3.2t | ر.س714.3b | 26.8x | 15.2x | 3.4x |
| Thu, 18 May 2023 | ر.س10.8t | ر.س3.2t | ر.س729.9b | 25.3x | 14.8x | 3.4x |
| Sat, 15 Apr 2023 | ر.س10.2t | ر.س3.2t | ر.س753.8b | 24.8x | 13.5x | 3.1x |
| Mon, 13 Mar 2023 | ر.س10.0t | ر.س3.2t | ر.س747.9b | 23.7x | 13.4x | 3.1x |
| Wed, 08 Feb 2023 | ر.س9.9t | ر.س3.2t | ر.س750.3b | 24.4x | 13.2x | 3.1x |
| Fri, 06 Jan 2023 | ر.س9.8t | ر.س3.2t | ر.س750.1b | 24.3x | 13x | 3.1x |
| Sun, 04 Dec 2022 | ر.س10.1t | ر.س3.2t | ر.س748.3b | 25.2x | 13.5x | 3.2x |
| Tue, 01 Nov 2022 | ر.س10.7t | ر.س2.9t | ر.س700.6b | 27.1x | 15.2x | 3.6x |
| Thu, 29 Sep 2022 | ر.س10.7t | ر.س2.9t | ر.س699.4b | 26.8x | 15.2x | 3.6x |
| Sat, 27 Aug 2022 | ر.س11.9t | ر.س2.9t | ر.س699.4b | 26.7x | 17x | 4.1x |
| Mon, 25 Jul 2022 | ر.س11.5t | ر.س2.6t | ر.س607.6b | 26.8x | 19x | 4.5x |
| Wed, 22 Jun 2022 | ر.س11.0t | ر.س2.6t | ر.س606.8b | 25.4x | 18.2x | 4.3x |
| Fri, 20 May 2022 | ر.س12.1t | ر.س2.6t | ر.س603.8b | 28x | 20x | 4.7x |
| Sun, 17 Apr 2022 | ر.س12.1t | ر.س2.3t | ر.س530.2b | 30.6x | 22.8x | 5.2x |
| Tue, 15 Mar 2022 | ر.س11.2t | ر.س2.2t | ر.س474.7b | 26.7x | 23.6x | 5.2x |
| Thu, 10 Feb 2022 | ر.س10.5t | ر.س2.1t | ر.س463.9b | 29.7x | 22.7x | 5x |
| Sat, 08 Jan 2022 | ر.س10.0t | ر.س2.1t | ر.س461.2b | 26.6x | 21.7x | 4.7x |
| Mon, 06 Dec 2021 | ر.س9.8t | ر.س2.1t | ر.س460.4b | 26.4x | 21.4x | 4.7x |
| Wed, 03 Nov 2021 | ر.س10.5t | ر.س1.9t | ر.س386.4b | n/a | 27.2x | 5.5x |
| Fri, 01 Oct 2021 | ر.س10.0t | ر.س1.9t | ر.س377.9b | 31.3x | 26.6x | 5.3x |
| Sun, 29 Aug 2021 | ر.س9.7t | ر.س1.9t | ر.س378.6b | 31x | 25.7x | 5.2x |
Price to Earnings Ratio
25.7x
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 18.4x.
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 | 0.97% | |
| Healthcare | 6.67% | |
| Consumer Discretionary | 6.41% | |
| Industrials | 5.91% | |
| Utilities | 4.86% | |
| Tech | 4.24% | |
| Real Estate | 3.93% | |
| Consumer Staples | 2.85% | |
| Financials | 2.28% | |
| Telecom | 1.43% | |
| Materials | 0.92% | |
| Energy | 0.017% | |
| 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 33.0x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 18.7%, which is higher than its past year's earnings growth of 6.0% per year.
- The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 18.4x.
Forecasted Growth
- Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 35% over the next 5 years.
- This is better than its past earnings decline of 7.1% per year.
- In contrast, the Energy sector is expected to see its earnings grow by 2.0% 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 | |
|---|---|---|---|---|---|---|
| 1120 Al Rajhi Banking and Investment | ر.س89.10 | 6.1% +ر.س20.4b | 22.9% | PB3.1x | Financials | |
| 2082 ACWA Power | ر.س415.00 | 6.7% +ر.س19.2b | 117.7% | PE159.6x | Utilities | |
| 1180 Saudi National Bank | ر.س36.85 | 5.6% +ر.س11.6b | 4.5% | PB1.2x | Financials | |
| 4013 Dr. Sulaiman Al Habib Medical Services Group | ر.س307.60 | 6.8% +ر.س6.9b | 20.5% | PE49.5x | Healthcare | |
| 1211 Saudi Arabian Mining Company (Ma'aden) | ر.س41.95 | 2.6% +ر.س3.9b | 4.6% | PE55x | Materials |
