Investors Can Find Comfort In Saudi Basic Industries' (TADAWUL:2010) Earnings Quality
Nov 19
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Saudi Arabian (Tadawul) Market Analysis & Valuation
UpdatedNov 19, 2024
DataAggregated Company Financials
Companies338
- 7D-1.3%
- 3M-1.7%
- 1Y-9.7%
- YTD-11.0%
Over the last 7 days, the market has dropped 1.3%, driven by a loss of 0.9% in the Energy sector. On the other hand, the Information Technology has risen by 3.9%. As for last year, the market is also down 9.7%. As for the next few years, earnings are expected to grow by 6.6% 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 |
|---|---|---|---|---|---|---|
| Tue, 19 Nov 2024 | ر.س10.1t | ر.س2.9t | ر.س551.6b | 24.2x | 18.4x | 3.5x |
| Thu, 17 Oct 2024 | ر.س10.1t | ر.س2.9t | ر.س571.7b | 25.9x | 17.6x | 3.5x |
| Sat, 14 Sep 2024 | ر.س10.0t | ر.س2.9t | ر.س571.1b | 25.5x | 17.4x | 3.5x |
| Mon, 12 Aug 2024 | ر.س10.0t | ر.س2.9t | ر.س569.1b | 24.4x | 17.6x | 3.5x |
| Wed, 10 Jul 2024 | ر.س10.1t | ر.س2.8t | ر.س567.5b | 25.9x | 17.8x | 3.6x |
| Fri, 07 Jun 2024 | ر.س10.1t | ر.س2.8t | ر.س566.9b | 25.1x | 17.9x | 3.6x |
| Sun, 05 May 2024 | ر.س10.7t | ر.س2.8t | ر.س579.7b | 27.6x | 18.5x | 3.8x |
| Tue, 02 Apr 2024 | ر.س11.0t | ر.س2.8t | ر.س578.1b | 27.5x | 19x | 3.9x |
| Thu, 29 Feb 2024 | ر.س11.2t | ر.س2.9t | ر.س605.7b | 27.6x | 18.5x | 3.9x |
| Sat, 27 Jan 2024 | ر.س11.0t | ر.س2.9t | ر.س604.6b | 25.4x | 18.2x | 3.9x |
| Mon, 25 Dec 2023 | ر.س11.2t | ر.س2.8t | ر.س604.4b | 24x | 18.5x | 3.9x |
| Wed, 22 Nov 2023 | ر.س11.1t | ر.س2.8t | ر.س604.5b | 23.5x | 18.4x | 3.9x |
| Fri, 20 Oct 2023 | ر.س11.0t | ر.س3.0t | ر.س636.9b | 23.8x | 17.2x | 3.7x |
| Sun, 17 Sep 2023 | ر.س11.2t | ر.س3.0t | ر.س636.4b | 24.5x | 17.6x | 3.8x |
| Tue, 15 Aug 2023 | ر.س11.4t | ر.س3.0t | ر.س640.2b | 25.5x | 17.9x | 3.9x |
| Thu, 13 Jul 2023 | ر.س11.0t | ر.س3.2t | ر.س715.4b | 26.1x | 15.4x | 3.5x |
| Sat, 10 Jun 2023 | ر.س10.9t | ر.س3.2t | ر.س714.2b | 26.9x | 15.3x | 3.4x |
| Mon, 08 May 2023 | ر.س10.7t | ر.س3.3t | ر.س754.8b | 25.1x | 14.2x | 3.3x |
| Wed, 05 Apr 2023 | ر.س10.2t | ر.س3.2t | ر.س758.2b | 24.8x | 13.4x | 3.1x |
| Fri, 03 Mar 2023 | ر.س9.7t | ر.س3.2t | ر.س752.6b | 23.7x | 12.9x | 3x |
| Sun, 29 Jan 2023 | ر.س10.1t | ر.س3.2t | ر.س750.2b | 24.4x | 13.5x | 3.2x |
| Tue, 27 Dec 2022 | ر.س9.6t | ر.س3.2t | ر.س748.8b | 23.4x | 12.9x | 3x |
| Thu, 24 Nov 2022 | ر.س10.2t | ر.س3.2t | ر.س748.3b | 25x | 13.7x | 3.2x |
| Sat, 22 Oct 2022 | ر.س11.1t | ر.س2.9t | ر.س699.8b | 27.7x | 15.8x | 3.8x |
| Mon, 19 Sep 2022 | ر.س11.0t | ر.س2.9t | ر.س699.4b | 26.6x | 15.7x | 3.7x |
| Wed, 17 Aug 2022 | ر.س12.0t | ر.س2.6t | ر.س617.4b | 26.9x | 19.5x | 4.6x |
| Fri, 15 Jul 2022 | ر.س11.0t | ر.س2.6t | ر.س607.5b | 25.3x | 18.1x | 4.2x |
| Sun, 12 Jun 2022 | ر.س12.1t | ر.س2.6t | ر.س606.8b | 28.7x | 19.9x | 4.7x |
| Tue, 10 May 2022 | ر.س12.8t | ر.س2.3t | ر.س538.6b | 29.5x | 23.7x | 5.5x |
| Thu, 07 Apr 2022 | ر.س12.1t | ر.س2.4t | ر.س535.8b | 28.8x | 22.5x | 5.1x |
| Sat, 05 Mar 2022 | ر.س12.1t | ر.س2.1t | ر.س473.4b | 27x | 25.6x | 5.6x |
| Mon, 31 Jan 2022 | ر.س10.5t | ر.س2.1t | ر.س461.3b | 91.5x | 22.7x | 5x |
| Wed, 29 Dec 2021 | ر.س9.9t | ر.س2.1t | ر.س461.2b | 26x | 21.6x | 4.7x |
| Fri, 26 Nov 2021 | ر.س10.1t | ر.س2.1t | ر.س460.1b | 27x | 22x | 4.8x |
Price to Earnings Ratio
22x
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 17.7x.
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 | -1.34% | |
| Tech | 3.85% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Materials | -0.61% | |
| Energy | -0.89% | |
| Real Estate | -1.82% | |
| Industrials | -2.29% | |
| Utilities | -2.54% | |
| Financials | -2.94% | |
| Consumer Discretionary | -3.22% | |
| Consumer Staples | -3.25% | |
| Telecom | -3.53% | |
| Healthcare | -3.78% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 38.1x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 19.4% 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 17.6x.
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 growth rate of 4.4% 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 | |
|---|---|---|---|---|---|---|
| 7203 Elm | ر.س1.12k | 1.5% +ر.س1.3b | 52.7% | PE52.4x | Tech | |
| 1211 Saudi Arabian Mining Company (Ma'aden) | ر.س54.10 | 0.6% +ر.س1.1b | 35.9% | PE51.5x | Materials | |
| 8230 Al Rajhi Company for Cooperative Insurance | ر.س177.20 | 4.2% +ر.س720.0m | 166.2% | PE45.2x | Financials | |
| 7020 Etihad Etisalat | ر.س54.10 | 1.7% +ر.س693.0m | 14.3% | PE14.5x | Telecom | |
| 4020 Saudi Real Estate | ر.س26.10 | 7.5% +ر.س682.5m | 113.9% | PE53.3x | Real Estate |
