Investors Shouldn't Be Too Comfortable With National Shipping Company of Saudi Arabia's (TADAWUL:4030) Earnings
May 20
Have your own idea? Try our Stock Screener
Saudi Arabian (Tadawul) Market Analysis & Valuation
UpdatedMay 20, 2025
DataAggregated Company Financials
Companies365
- 7D1.3%
- 3M-6.2%
- 1Y-10.9%
- YTD-6.4%
Over the last 7 days, the market has risen 1.3%, driven by gains of 2.7% in the Energy sector. In contrast, the Communication Services sector is lagging, dropping 5.2%. Longer term the market is actually down 11% over the past year. Earnings are forecast to grow by 6.7% 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 |
|---|---|---|---|---|---|---|
| Tue, 20 May 2025 | ر.س9.6t | ر.س2.9t | ر.س541.2b | 21.5x | 17.8x | 3.3x |
| Thu, 17 Apr 2025 | ر.س9.6t | ر.س2.9t | ر.س543.6b | 22.3x | 17.6x | 3.3x |
| Sat, 15 Mar 2025 | ر.س9.6t | ر.س2.9t | ر.س549.3b | 22.2x | 17.5x | 3.4x |
| Mon, 10 Feb 2025 | ر.س10.3t | ر.س2.9t | ر.س555.1b | 24x | 18.5x | 3.6x |
| Wed, 08 Jan 2025 | ر.س10.2t | ر.س2.9t | ر.س552.1b | 23.5x | 18.5x | 3.6x |
| Fri, 06 Dec 2024 | ر.س10.2t | ر.س2.9t | ر.س552.1b | 23.6x | 18.5x | 3.6x |
| Sun, 03 Nov 2024 | ر.س10.0t | ر.س2.9t | ر.س575.1b | 24.9x | 17.5x | 3.5x |
| Tue, 01 Oct 2024 | ر.س10.1t | ر.س2.9t | ر.س571.2b | 25.4x | 17.7x | 3.5x |
| Thu, 29 Aug 2024 | ر.س10.2t | ر.س2.9t | ر.س571.1b | 25.4x | 17.8x | 3.6x |
| Sat, 27 Jul 2024 | ر.س10.2t | ر.س2.8t | ر.س567.4b | 26x | 18x | 3.6x |
| Mon, 24 Jun 2024 | ر.س10.0t | ر.س2.8t | ر.س567.4b | 25.1x | 17.6x | 3.5x |
| Wed, 22 May 2024 | ر.س10.7t | ر.س2.8t | ر.س566.2b | 26.6x | 18.9x | 3.8x |
| Fri, 19 Apr 2024 | ر.س10.8t | ر.س2.8t | ر.س578.0b | 28.1x | 18.7x | 3.8x |
| Sun, 17 Mar 2024 | ر.س11.1t | ر.س2.8t | ر.س584.6b | 28.3x | 19x | 4x |
| Tue, 13 Feb 2024 | ر.س10.9t | ر.س2.9t | ر.س604.8b | 25.8x | 18x | 3.8x |
| Thu, 11 Jan 2024 | ر.س11.3t | ر.س2.9t | ر.س604.6b | 25.3x | 18.7x | 4x |
| Sat, 09 Dec 2023 | ر.س11.0t | ر.س2.8t | ر.س604.4b | 23.6x | 18.3x | 3.9x |
| Mon, 06 Nov 2023 | ر.س11.0t | ر.س3.0t | ر.س637.7b | 23.5x | 17.3x | 3.7x |
| Wed, 04 Oct 2023 | ر.س11.2t | ر.س3.0t | ر.س636.5b | 24.8x | 17.7x | 3.8x |
| Fri, 01 Sep 2023 | ر.س11.5t | ر.س3.0t | ر.س636.2b | 25.8x | 18.1x | 3.9x |
| Sun, 30 Jul 2023 | ر.س11.0t | ر.س3.2t | ر.س715.0b | 25.9x | 15.4x | 3.5x |
| Tue, 27 Jun 2023 | ر.س10.9t | ر.س3.2t | ر.س714.9b | 26.5x | 15.3x | 3.4x |
| Thu, 25 May 2023 | ر.س10.7t | ر.س3.2t | ر.س724.8b | 25.7x | 14.8x | 3.3x |
| Sat, 22 Apr 2023 | ر.س10.6t | ر.س3.2t | ر.س754.1b | 24.7x | 14.1x | 3.3x |
| Mon, 20 Mar 2023 | ر.س9.5t | ر.س3.2t | ر.س756.1b | 22.9x | 12.6x | 2.9x |
| Wed, 15 Feb 2023 | ر.س10.1t | ر.س3.2t | ر.س752.1b | 24.4x | 13.4x | 3.1x |
| Fri, 13 Jan 2023 | ر.س10.0t | ر.س3.2t | ر.س750.1b | 24.1x | 13.3x | 3.1x |
| Sun, 11 Dec 2022 | ر.س9.6t | ر.س3.2t | ر.س748.3b | 23.9x | 12.9x | 3x |
| Tue, 08 Nov 2022 | ر.س10.7t | ر.س3.2t | ر.س745.8b | 26.9x | 14.4x | 3.4x |
| Thu, 06 Oct 2022 | ر.س10.9t | ر.س2.9t | ر.س699.7b | 28x | 15.6x | 3.7x |
| Sat, 03 Sep 2022 | ر.س11.3t | ر.س2.9t | ر.س699.5b | 25.8x | 16.2x | 3.9x |
| Mon, 01 Aug 2022 | ر.س11.9t | ر.س2.6t | ر.س607.4b | 27x | 19.5x | 4.6x |
| Wed, 29 Jun 2022 | ر.س11.2t | ر.س2.6t | ر.س607.1b | 25.4x | 18.5x | 4.3x |
| Fri, 27 May 2022 | ر.س12.1t | ر.س2.6t | ر.س606.6b | 27.7x | 19.9x | 4.7x |
Price to Earnings Ratio
19.9x
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 17.0x.
Past Earnings Growth
- The earnings for Saudi listed companies have declined 3.7% per year over the last three years.
- Meanwhile revenues for these companies have grown 3.7% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Sector Trends
Which sectors have driven the changes within the Saudi Arabian Market?
| SA Market | 1.29% | |
| Energy | 2.72% | |
| Tech | 0.92% | |
| Industrials | 0.64% | |
| Consumer Discretionary | -0.26% | |
| Healthcare | -0.56% | |
| Materials | -0.75% | |
| Financials | -0.94% | |
| Utilities | -1.57% | |
| Consumer Staples | -2.30% | |
| Real Estate | -3.73% | |
| Telecom | -5.22% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 90.7x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 28.8%, which is higher than its past year's earnings growth of 10.4% per year.
- The Consumer Staples sector is the least preferred by investors for future growth, which is trading below its 3-year average of 27.6x.
Forecasted Growth
- Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 29% over the next 5 years.
- This is better than its past earnings growth rate of 10% per year.
- In contrast, the Consumer Staples 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.س26.10 | 2.2% +ر.س133.0b | -12.9% | PE16.3x | Energy | |
| 1211 Saudi Arabian Mining Company (Ma'aden) | ر.س53.20 | 4.1% +ر.س8.0b | 2.7% | PE58.7x | Materials | |
| 1180 Saudi National Bank | ر.س35.95 | 1.4% +ر.س3.0b | 3.9% | PB1.1x | Financials | |
| 4030 National Shipping Company of Saudi Arabia | ر.س31.30 | 3.1% +ر.س701.3m | 20.2% | PE10.3x | Energy | |
| 1212 Astra Industrial Group | ر.س162.40 | 5.3% +ر.س656.0m | 4.4% | PE23.1x | Industrials |
