Returns At United Electronics (TADAWUL:4003) Appear To Be Weighed Down
Dec 20
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Saudi Arabian (Tadawul) Market Analysis & Valuation
UpdatedDec 20, 2024
DataAggregated Company Financials
Companies348
- 7D0.3%
- 3M2.7%
- 1Y-7.7%
- YTD-8.8%
The market has been flat in the last week, however the Consumer Staples sector is down 13%. The past year hasn't been profitable, with the market dropping 7.7%. Looking forward, earnings are forecast to grow by 5.9% 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 |
|---|---|---|---|---|---|---|
| Fri, 20 Dec 2024 | ر.س10.4t | ر.س2.9t | ر.س552.0b | 23.4x | 18.8x | 3.6x |
| Sun, 17 Nov 2024 | ر.س10.2t | ر.س2.9t | ر.س551.7b | 24.4x | 18.4x | 3.6x |
| Tue, 15 Oct 2024 | ر.س10.0t | ر.س2.9t | ر.س571.7b | 25x | 17.6x | 3.5x |
| Thu, 12 Sep 2024 | ر.س10.0t | ر.س2.9t | ر.س571.1b | 25.6x | 17.4x | 3.5x |
| Sat, 10 Aug 2024 | ر.س10.0t | ر.س2.8t | ر.س568.7b | 24.3x | 17.6x | 3.5x |
| Mon, 08 Jul 2024 | ر.س10.1t | ر.س2.8t | ر.س567.4b | 26x | 17.9x | 3.6x |
| Wed, 05 Jun 2024 | ر.س10.2t | ر.س2.8t | ر.س566.8b | 25.6x | 17.9x | 3.6x |
| Fri, 03 May 2024 | ر.س10.7t | ر.س2.8t | ر.س579.6b | 27.6x | 18.5x | 3.8x |
| Sun, 31 Mar 2024 | ر.س11.0t | ر.س2.8t | ر.س578.2b | 28x | 19x | 3.9x |
| Tue, 27 Feb 2024 | ر.س11.2t | ر.س2.9t | ر.س605.7b | 26.5x | 18.4x | 3.9x |
| Thu, 25 Jan 2024 | ر.س11.0t | ر.س2.9t | ر.س604.6b | 25x | 18.3x | 3.9x |
| Sat, 23 Dec 2023 | ر.س11.1t | ر.س2.8t | ر.س604.4b | 23.8x | 18.4x | 3.9x |
| Mon, 20 Nov 2023 | ر.س11.2t | ر.س2.8t | ر.س604.3b | 23.7x | 18.5x | 3.9x |
| Wed, 18 Oct 2023 | ر.س10.9t | ر.س3.0t | ر.س636.8b | 23.8x | 17.1x | 3.7x |
| Fri, 15 Sep 2023 | ر.س11.1t | ر.س3.0t | ر.س636.4b | 24.5x | 17.5x | 3.7x |
| Sun, 13 Aug 2023 | ر.س11.3t | ر.س3.0t | ر.س640.0b | 25.7x | 17.6x | 3.8x |
| Tue, 11 Jul 2023 | ر.س10.9t | ر.س3.2t | ر.س715.2b | 26.7x | 15.3x | 3.4x |
| Thu, 08 Jun 2023 | ر.س10.8t | ر.س3.2t | ر.س713.3b | 26.8x | 15.2x | 3.4x |
| Sat, 06 May 2023 | ر.س10.7t | ر.س3.3t | ر.س754.6b | 24.7x | 14.2x | 3.3x |
| Mon, 03 Apr 2023 | ر.س10.0t | ر.س3.2t | ر.س758.2b | 24.4x | 13.2x | 3.1x |
| Wed, 01 Mar 2023 | ر.س9.7t | ر.س3.2t | ر.س752.6b | 23.4x | 12.9x | 3x |
| Fri, 27 Jan 2023 | ر.س10.1t | ر.س3.2t | ر.س750.2b | 24.4x | 13.5x | 3.2x |
| Sun, 25 Dec 2022 | ر.س9.6t | ر.س3.2t | ر.س748.6b | 23.5x | 12.8x | 3x |
| Tue, 22 Nov 2022 | ر.س10.1t | ر.س3.2t | ر.س747.5b | 24.8x | 13.6x | 3.2x |
| Thu, 20 Oct 2022 | ر.س11.0t | ر.س2.9t | ر.س699.8b | 27.5x | 15.6x | 3.7x |
| Sat, 17 Sep 2022 | ر.س11.1t | ر.س2.9t | ر.س700.3b | 26.6x | 15.8x | 3.8x |
| Mon, 15 Aug 2022 | ر.س12.1t | ر.س2.6t | ر.س616.4b | 27.2x | 19.6x | 4.6x |
| Wed, 13 Jul 2022 | ر.س11.3t | ر.س2.6t | ر.س607.5b | 25.4x | 18.5x | 4.4x |
| Fri, 10 Jun 2022 | ر.س12.1t | ر.س2.6t | ر.س606.8b | 27.9x | 20x | 4.7x |
| Sun, 08 May 2022 | ر.س12.5t | ر.س2.3t | ر.س538.6b | 29.1x | 23.2x | 5.4x |
| Tue, 05 Apr 2022 | ر.س12.0t | ر.س2.4t | ر.س535.7b | 28.8x | 22.4x | 5.1x |
| Thu, 03 Mar 2022 | ر.س11.7t | ر.س2.1t | ر.س471.9b | 27.2x | 24.7x | 5.4x |
| Sat, 29 Jan 2022 | ر.س10.5t | ر.س2.1t | ر.س461.1b | 29.5x | 22.7x | 5x |
| Mon, 27 Dec 2021 | ر.س10.0t | ر.س2.1t | ر.س461.2b | n/a | 21.7x | 4.7x |
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 | 0.27% | |
| Energy | 1.89% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Tech | -0.81% | |
| Utilities | -1.48% | |
| Real Estate | -1.82% | |
| Industrials | -1.94% | |
| Consumer Discretionary | -2.09% | |
| Healthcare | -2.20% | |
| Telecom | -2.42% | |
| Financials | -2.59% | |
| Materials | -3.65% | |
| Consumer Staples | -12.52% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 39.5x.
- 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 17.3x.
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 | |
|---|---|---|---|---|---|---|
| 2222 Saudi Arabian Oil | ر.س29.00 | 1.9% +ر.س133.1b | -12.1% | PE17.1x | Energy | |
| 4083 United International Holding | ر.س172.60 | 11.4% +ر.س440.0m | n/a | PE20.3x | Financials | |
| 1302 Bawan | ر.س57.00 | 12.6% +ر.س384.0m | 32.3% | PE30.5x | Industrials | |
| 4220 Emaar The Economic City | ر.س8.60 | 3.9% +ر.س362.7m | 13.5% | PS28.2x | Real Estate | |
| 4150 Arriyadh Development | ر.س30.00 | 4.5% +ر.س231.1m | 46.2% | PE15x | Real Estate |
