Arabian Drilling Company

SASE:2381 Stock Report

Market Cap: ر.س10.0b

Arabian Drilling Future Growth

Future criteria checks 3/6

Arabian Drilling is forecast to grow earnings and revenue by 17.3% and 5.1% per annum respectively. EPS is expected to grow by 17% per annum. Return on equity is forecast to be 10.7% in 3 years.

Key information

17.3%

Earnings growth rate

17.0%

EPS growth rate

Energy Services earnings growth14.2%
Revenue growth rate5.1%
Future return on equity10.7%
Analyst coverage

Good

Last updated12 Dec 2024

Recent future growth updates

Arabian Drilling Company (TADAWUL:2381) Consensus Forecasts Have Become A Little Darker Since Its Latest Report

Aug 10
Arabian Drilling Company (TADAWUL:2381) Consensus Forecasts Have Become A Little Darker Since Its Latest Report

Recent updates

We Like These Underlying Return On Capital Trends At Arabian Drilling (TADAWUL:2381)

Oct 05
We Like These Underlying Return On Capital Trends At Arabian Drilling (TADAWUL:2381)

Some Investors May Be Willing To Look Past Arabian Drilling's (TADAWUL:2381) Soft Earnings

Aug 13
Some Investors May Be Willing To Look Past Arabian Drilling's (TADAWUL:2381) Soft Earnings

Arabian Drilling Company (TADAWUL:2381) Consensus Forecasts Have Become A Little Darker Since Its Latest Report

Aug 10
Arabian Drilling Company (TADAWUL:2381) Consensus Forecasts Have Become A Little Darker Since Its Latest Report

Slowing Rates Of Return At Arabian Drilling (TADAWUL:2381) Leave Little Room For Excitement

Jun 19
Slowing Rates Of Return At Arabian Drilling (TADAWUL:2381) Leave Little Room For Excitement

Results: Arabian Drilling Company Exceeded Expectations And The Consensus Has Updated Its Estimates

Mar 22
Results: Arabian Drilling Company Exceeded Expectations And The Consensus Has Updated Its Estimates

Returns On Capital At Arabian Drilling (TADAWUL:2381) Have Stalled

Feb 22
Returns On Capital At Arabian Drilling (TADAWUL:2381) Have Stalled

Slowing Rates Of Return At Arabian Drilling (TADAWUL:2381) Leave Little Room For Excitement

Nov 08
Slowing Rates Of Return At Arabian Drilling (TADAWUL:2381) Leave Little Room For Excitement

Analysts Are Updating Their Arabian Drilling Company (TADAWUL:2381) Estimates After Its Third-Quarter Results

Nov 08
Analysts Are Updating Their Arabian Drilling Company (TADAWUL:2381) Estimates After Its Third-Quarter Results

Does This Valuation Of Arabian Drilling Company (TADAWUL:2381) Imply Investors Are Overpaying?

Jul 18
Does This Valuation Of Arabian Drilling Company (TADAWUL:2381) Imply Investors Are Overpaying?

Pinning Down Arabian Drilling Company's (TADAWUL:2381) P/E Is Difficult Right Now

Feb 13
Pinning Down Arabian Drilling Company's (TADAWUL:2381) P/E Is Difficult Right Now

Earnings and Revenue Growth Forecasts

SASE:2381 - Analysts future estimates and past financials data (SAR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20264,2897005071,6979
12/31/20253,9986306821,46510
12/31/20243,714332-6551,5109
9/30/20243,756434-5121,490N/A
6/30/20243,813489-9121,110N/A
3/31/20243,664609-7621,144N/A
12/31/20233,477605-4871,360N/A
9/30/20233,240559-8311,304N/A
6/30/20233,022632-7521,564N/A
3/31/20232,884606-6281,322N/A
12/31/20222,704558-5071,242N/A
9/30/20222,549539-110919N/A
12/31/20212,199274428676N/A
12/31/20202,5332949501,436N/A
12/31/20192,814230224795N/A
12/31/20182,45493-1,059986N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2381's forecast earnings growth (17.3% per year) is above the savings rate (14.7%).

Earnings vs Market: 2381's earnings (17.3% per year) are forecast to grow faster than the SA market (6% per year).

High Growth Earnings: 2381's earnings are forecast to grow, but not significantly.

Revenue vs Market: 2381's revenue (5.1% per year) is forecast to grow faster than the SA market (-0.5% per year).

High Growth Revenue: 2381's revenue (5.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 2381's Return on Equity is forecast to be low in 3 years time (10.7%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 03:51
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 here.

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 .

Analyst Sources

Arabian Drilling Company is covered by 15 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jassim Al-JubranAljazira Capital Company
Madhu AppissaAl Rajhi Capital
Mazen Al-SudairiAl Rajhi Capital