Stock Analysis
Saudi Reinsurance (TADAWUL:8200) Full Year 2023 Results
Key Financial Results
- Revenue: ر.س653.1m (down 33% from FY 2022).
- Net income: ر.س124.4m (up 200% from FY 2022).
- Profit margin: 19% (up from 4.3% in FY 2022). The increase in margin was driven by lower expenses.
- EPS: ر.س1.40 (up from ر.س0.47 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Saudi Reinsurance Earnings Insights
Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Insurance industry in Saudi Arabia.
Performance of the Saudi Insurance industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 1 warning sign for Saudi Reinsurance that you need to be mindful of.
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Find out whether Saudi Reinsurance is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About SASE:8200
Saudi Reinsurance
Saudi Reinsurance Company provides various reinsurance products in the Kingdom of Saudi Arabia, rest of the Middle East, Africa, Asia, and internationally.
Proven track record and fair value.