Arabian Drilling (2381) Stock Overview
Operates as an onshore and offshore gas and oil rig drilling company in Saudi Arabia. More details
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 4/6 |
| Past Performance | 0/6 |
| Financial Health | 2/6 |
| Dividends | 3/6 |
2381 Community Fair Values
Create NarrativeSee what 23 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Arabian Drilling Company Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ر.س89.70 |
| 52 Week High | ر.س107.00 |
| 52 Week Low | ر.س72.00 |
| Beta | 0.68 |
| 1 Month Change | 14.56% |
| 3 Month Change | -9.94% |
| 1 Year Change | 7.43% |
| 3 Year Change | -40.99% |
| 5 Year Change | n/a |
| Change since IPO | -27.07% |
Recent News & Updates
Narrative Update • Apr 29
2381: Cash Preservation And Suspended Offshore Rigs Will Keep P/E Excessive
Analysts have reduced their fair value estimate for Arabian Drilling from SAR 67.46 to SAR 66.91. This reflects slightly revised assumptions around growth, margins and future P/E, while keeping the overall thesis intact.Narrative Update • Apr 14
2381: Offshore Rig Suspensions And Cash Preservation Will Keep P/E Excessive
Analysts now set their price target for Arabian Drilling at SAR67.46, compared with the previous SAR65.77. The revision reflects updated assumptions around discount rate, revenue growth, profit margin and future P/E.Narrative Update • Mar 31
2381: Long Aramco Backlog And New CEO Will Not Justify Rich P/E
Analysts have adjusted their fair value estimate for Arabian Drilling from SAR 79.38 to SAR 65.77, reflecting updated assumptions around revenue growth, profit margins and future P/E expectations. What's in the News Arabian Drilling secured three major land contract extensions with Saudi Aramco worth SAR 1.4b, adding 25 active rig years and bringing total recent extensions to SAR 3.4b across seven contracts.Narrative Update • Mar 17
2381: Backlog Extensions And New CEO Will Support But Not Transform Rich P/E
Analysts have nudged their price target on Arabian Drilling higher to SAR79.38 from SAR75.55, citing updated assumptions around the discount rate, revenue growth, profit margin and future P/E that modestly adjust their valuation framework. What's in the News Arabian Drilling issued earnings guidance for the first quarter of 2026, indicating an expectation of slightly higher revenue compared to the fourth quarter of 2025.Recent updates
Narrative Update • Apr 29
2381: Cash Preservation And Suspended Offshore Rigs Will Keep P/E Excessive
Analysts have reduced their fair value estimate for Arabian Drilling from SAR 67.46 to SAR 66.91. This reflects slightly revised assumptions around growth, margins and future P/E, while keeping the overall thesis intact.Narrative Update • Apr 14
2381: Offshore Rig Suspensions And Cash Preservation Will Keep P/E Excessive
Analysts now set their price target for Arabian Drilling at SAR67.46, compared with the previous SAR65.77. The revision reflects updated assumptions around discount rate, revenue growth, profit margin and future P/E.Narrative Update • Mar 31
2381: Long Aramco Backlog And New CEO Will Not Justify Rich P/E
Analysts have adjusted their fair value estimate for Arabian Drilling from SAR 79.38 to SAR 65.77, reflecting updated assumptions around revenue growth, profit margins and future P/E expectations. What's in the News Arabian Drilling secured three major land contract extensions with Saudi Aramco worth SAR 1.4b, adding 25 active rig years and bringing total recent extensions to SAR 3.4b across seven contracts.Narrative Update • Mar 17
2381: Backlog Extensions And New CEO Will Support But Not Transform Rich P/E
Analysts have nudged their price target on Arabian Drilling higher to SAR79.38 from SAR75.55, citing updated assumptions around the discount rate, revenue growth, profit margin and future P/E that modestly adjust their valuation framework. What's in the News Arabian Drilling issued earnings guidance for the first quarter of 2026, indicating an expectation of slightly higher revenue compared to the fourth quarter of 2025.
Narrative Update • Mar 03
2381: Record Backlog Extensions And New Leadership Will Support Steady Outlook
Analysts have made a small upward adjustment to their fair value estimate for Arabian Drilling, taking the price target from about SAR101.55 to around SAR101.64, reflecting fine tuning to assumptions on the discount rate, long-term revenue growth, profit margin, and future P/E. What's in the News Board approves the resignation of CEO Ghassan Abdulaziz Mirdad, effective February 9, 2026, citing personal reasons.Narrative Update • Feb 16
2381: Record Backlog And New CEO Will Still Fail To Justify Rich P/E
Analysts have nudged their price target on Arabian Drilling higher from SAR73.83 to about SAR75.55, reflecting small adjustments to inputs such as fair value, discount rate, revenue growth, profit margin, and forward P/E assumptions. What's in the News The Board of Directors approved the resignation of CEO Ghassan Abdulaziz Mirdad, effective February 9, 2026, citing personal reasons (company filing).Narrative Update • Feb 02
2381: Record Backlog And Long-Term Contracts Will Support Steady Outlook
Analysts have nudged their price target for Arabian Drilling higher to what they view as fair value of SAR101.55 from SAR97.23, citing updated assumptions around revenue growth, margins, discount rate and future P/E expectations. What's in the News Secured three major land contract extensions with Saudi Aramco on January 13, 2026, with a total value of SAR 1.4b, adding 25 active rig years to the backlog (company announcement).Narrative Update • Jan 19
2381: Record Backlog Will Likely Still Fail To Offset Rich P/E
Analysts have nudged their price target on Arabian Drilling slightly higher, reflecting small refinements to assumptions on discount rate, revenue growth, profit margin and future P/E. Together, these adjustments point to a modestly improved risk and earnings profile for the company.Narrative Update • Jan 05
2381: Record Backlog Will Likely Fail To Offset Rich Future P/E
Analysts have adjusted their fair value estimate for Arabian Drilling to US$73.83 from US$71.38, reflecting updated views on revenue growth, profit margin expectations, and the stock's future P/E profile. What's in the News Arabian Drilling signed four rig contract renewals with Saudi Aramco, with a total value exceeding SAR 2 billion and an additional 30 committed rig years added to its active backlog (Client Announcements).Narrative Update • Dec 17
2381: Record Backlog And 2025 Dividend Suspension May Pressure Future Returns
Analysts have raised their price target for Arabian Drilling from SAR 63.00 to approximately SAR 71.38, citing expectations for faster revenue growth, improving profit margins, and slightly more attractive forward valuation multiples. What's in the News Signed four Saudi Aramco rig contract renewals exceeding SAR 2 billion, adding 30 committed rig years and lifting backlog to a lifetime record of SAR 12.2 billion by end of 2025, with financial impact expected from first quarter 2026 (Client Announcements) Issued fourth quarter 2025 guidance indicating revenue is expected to be broadly flat versus the third quarter, with potential downside of up to 5% due to the full impact of earlier temporary rig suspensions (Corporate Guidance) Called a special shareholders meeting on October 22, 2025 to vote on ending the current board term, electing a new board for 2025 to 2029, transferring SAR 267 million of statutory reserve to retained earnings, and suspending dividends for 2025 (Special/Extraordinary Shareholders Meeting) Board scheduled a September 27, 2025 meeting to consider early termination of its current term and to align the new board term from November 2, 2025 to November 1, 2029 (Board Meeting) Valuation Changes Fair Value: Increased from SAR 63.00 to about SAR 71.38, reflecting a moderate upward revision in intrinsic value estimates.Narrative Update • Dec 03
2381: Backlog Expansion Will Support Stable Outlook As Board Reviews Dividend Policy
Analysts have marginally raised their price target for Arabian Drilling to about SAR 97.23, reflecting slightly higher long term profitability expectations and a modestly increased cost of equity embedded in their valuation models. What's in the News Arabian Drilling secured four rig contract renewals with Saudi Aramco worth over SAR 2 billion, adding 30 committed rig years and lifting its backlog to a record SAR 12.2 billion by the end of 2025, with financial impact expected from the first quarter of 2026 (company announcement).Narrative Update • Nov 19
2381: Revenue Forecasts Will Remain Stable As Board Considers Dividend Pause
Narrative Update on Arabian Drilling: Analyst Price Target Revision Analysts have raised their fair value estimate for Arabian Drilling from SAR 95.52 to SAR 97.23. This change reflects modestly higher revenue growth expectations, despite a slight decline in projected profit margin.Analysis Article • Nov 19
After Leaping 25% Arabian Drilling Company (TADAWUL:2381) Shares Are Not Flying Under The Radar
The Arabian Drilling Company ( TADAWUL:2381 ) share price has done very well over the last month, posting an excellent...Narrative Update • Nov 04
2381: Contract Extensions And Board Changes Will Shape Performance Through 2025
Analysts have raised their price target for Arabian Drilling from SAR 89.23 to SAR 95.52. They cite an improved revenue growth outlook and a slightly lower discount rate as key contributing factors.Narrative Update • Sep 18
International Expansion And MENA Diversification Will Unlock Strong Rig Potential
Despite nearly unchanged consensus revenue growth and future P/E expectations, the analyst price target for Arabian Drilling saw a negligible reduction from SAR90.35 to SAR89.23. What's in the News Arabian Drilling signed a one-year extension for all eleven LSTK gas land rigs with SLB, representing 15.0%-20.0% of 2024 revenues and securing the largest quarterly backlog intake since Q3 2023.Analysis Article • Aug 05
Arabian Drilling's (TADAWUL:2381) Shareholders Have More To Worry About Than Only Soft Earnings
SASE:2381 1 Year Share Price vs Fair Value Explore Arabian Drilling's Fair Values from the Community and select yours...Analysis Article • Jul 31
Arabian Drilling Company Just Missed Earnings - But Analysts Have Updated Their Models
It's been a mediocre week for Arabian Drilling Company ( TADAWUL:2381 ) shareholders, with the stock dropping 11% to...Analysis Article • May 16
Arabian Drilling Company Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Arabian Drilling Company ( TADAWUL:2381 ) came out with its first-quarter results last week, and we wanted to see how...Analysis Article • May 08
Returns At Arabian Drilling (TADAWUL:2381) Appear To Be Weighed Down
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
New Narrative • Mar 13
New Rigs And Saudi Gas Exploration Will Strengthen Future Market Position
Strategic alliances and deployment of unconventional rigs are expected to significantly drive international and revenue growth for Arabian Drilling.Analysis Article • Feb 26
Arabian Drilling Company's (TADAWUL:2381) Business And Shares Still Trailing The Market
When close to half the companies in Saudi Arabia have price-to-earnings ratios (or "P/E's") above 24x, you may consider...Analysis Article • Jan 18
Returns On Capital Are Showing Encouraging Signs At Arabian Drilling (TADAWUL:2381)
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...Analysis Article • Oct 05
We Like These Underlying Return On Capital Trends At Arabian Drilling (TADAWUL:2381)
There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...Analysis Article • Aug 13
Some Investors May Be Willing To Look Past Arabian Drilling's (TADAWUL:2381) Soft Earnings
The most recent earnings report from Arabian Drilling Company ( TADAWUL:2381 ) was disappointing for shareholders...Analysis Article • Aug 10
Arabian Drilling Company (TADAWUL:2381) Consensus Forecasts Have Become A Little Darker Since Its Latest Report
Shareholders might have noticed that Arabian Drilling Company ( TADAWUL:2381 ) filed its second-quarter result this...Analysis Article • Jun 19
Slowing Rates Of Return At Arabian Drilling (TADAWUL:2381) Leave Little Room For Excitement
There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...Analysis Article • Mar 22
Results: Arabian Drilling Company Exceeded Expectations And The Consensus Has Updated Its Estimates
Last week, you might have seen that Arabian Drilling Company ( TADAWUL:2381 ) released its annual result to the market...Analysis Article • Feb 22
Returns On Capital At Arabian Drilling (TADAWUL:2381) Have Stalled
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Analysis Article • Nov 08
Slowing Rates Of Return At Arabian Drilling (TADAWUL:2381) Leave Little Room For Excitement
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Analysis Article • Nov 08
Analysts Are Updating Their Arabian Drilling Company (TADAWUL:2381) Estimates After Its Third-Quarter Results
The third-quarter results for Arabian Drilling Company ( TADAWUL:2381 ) were released last week, making it a good time...Analysis Article • Jul 18
Does This Valuation Of Arabian Drilling Company (TADAWUL:2381) Imply Investors Are Overpaying?
Key Insights Using the 2 Stage Free Cash Flow to Equity, Arabian Drilling fair value estimate is ر.س122 Arabian...Analysis Article • Feb 13
Pinning Down Arabian Drilling Company's (TADAWUL:2381) P/E Is Difficult Right Now
There wouldn't be many who think Arabian Drilling Company's ( TADAWUL:2381 ) price-to-earnings (or "P/E") ratio of...Shareholder Returns
| 2381 | SA Energy Services | SA Market | |
|---|---|---|---|
| 7D | -1.3% | 0.08% | -1.7% |
| 1Y | 7.4% | 49.0% | 4.5% |
Return vs Industry: 2381 underperformed the SA Energy Services industry which returned 51.6% over the past year.
Return vs Market: 2381 exceeded the SA Market which returned 3.6% over the past year.
Price Volatility
| 2381 volatility | |
|---|---|
| 2381 Average Weekly Movement | 5.8% |
| Energy Services Industry Average Movement | 7.7% |
| Market Average Movement | 5.1% |
| 10% most volatile stocks in SA Market | 7.7% |
| 10% least volatile stocks in SA Market | 2.9% |
Stable Share Price: 2381 has not had significant price volatility in the past 3 months compared to the SA market.
Volatility Over Time: 2381's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1964 | n/a | Fahad Al-Bani | www.arabdrill.com |
Arabian Drilling Company operates as an onshore and offshore gas and oil rig drilling company in Saudi Arabia. The company’s services include the supply of drilling services in shallow and deep waters and on land for the exploration and production of oil and natural gas, as well as well intervention and testing, rig move, mobilisation, manpower, and other services. Arabian Drilling Company was founded in 1964 and is based in Al Khobar, Saudi Arabia.
Arabian Drilling Company Fundamentals Summary
| 2381 fundamental statistics | |
|---|---|
| Market cap | ر.س8.01b |
| Earnings (TTM) | -ر.س75.25m |
| Revenue (TTM) | ر.س3.43b |
2.3x
P/S Ratio-106.1x
P/E RatioIs 2381 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 2381 income statement (TTM) | |
|---|---|
| Revenue | ر.س3.43b |
| Cost of Revenue | ر.س3.06b |
| Gross Profit | ر.س374.07m |
| Other Expenses | ر.س449.32m |
| Earnings | -ر.س75.25m |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
May 10, 2026
| Earnings per share (EPS) | -0.85 |
| Gross Margin | 10.90% |
| Net Profit Margin | -2.19% |
| Debt/Equity Ratio | 52.2% |
How did 2381 perform over the long term?
See historical performance and comparisonDividends
3.0%
Current Dividend Yield84%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/07 09:06 |
| End of Day Share Price | 2026/05/07 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Arabian Drilling Company is covered by 16 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jassim Al-Jubran | Aljazira Capital Company |
| null null | Al Rajhi Capital |
| Madhu Appissa | Al Rajhi Capital |