Arabian Drilling Company

SASE:2381 Stock Report

Market Cap: ر.س10.0b

Arabian Drilling Past Earnings Performance

Past criteria checks 2/6

Arabian Drilling has been growing earnings at an average annual rate of 15.3%, while the Energy Services industry saw earnings growing at 21.3% annually. Revenues have been growing at an average rate of 9.2% per year. Arabian Drilling's return on equity is 7.4%, and it has net margins of 11.6%.

Key information

15.3%

Earnings growth rate

-65.9%

EPS growth rate

Energy Services Industry Growth23.3%
Revenue growth rate9.2%
Return on equity7.4%
Net Margin11.6%
Last Earnings Update30 Sep 2024

Recent past performance updates

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

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

Revenue & Expenses Breakdown

How Arabian Drilling makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

SASE:2381 Revenue, expenses and earnings (SAR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 243,7564341950
30 Jun 243,8134892050
31 Mar 243,6646092050
31 Dec 233,4776051820
30 Sep 233,2405592050
30 Jun 233,0226321890
31 Mar 232,8846061780
31 Dec 222,7045581800
30 Sep 222,5495391340
31 Dec 212,1992741120
31 Dec 202,5332941240
31 Dec 192,8142301560
31 Dec 182,454931260

Quality Earnings: 2381 has high quality earnings.

Growing Profit Margin: 2381's current net profit margins (11.6%) are lower than last year (17.2%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: 2381's earnings have grown by 15.3% per year over the past 5 years.

Accelerating Growth: 2381's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 2381 had negative earnings growth (-22.3%) over the past year, making it difficult to compare to the Energy Services industry average (21.6%).


Return on Equity

High ROE: 2381's Return on Equity (7.4%) is considered low.


Return on Assets


Return on Capital Employed


Discover strong past performing companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/24 14:15
End of Day Share Price 2024/12/24 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