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Saudi Arabian (Tadawul) Market Analysis & Valuation
UpdatedJun 01, 2024
DataAggregated Company Financials
Companies319
- 7D-3.6%
- 3M-8.1%
- 1Y-4.4%
- YTD-9.5%
Over the last 7 days, the market has dropped 3.6%, driven by pullbacks in every sector, especially the Energy sector. In the last 12 months the market is down 4.4%. As for the next few years, earnings are expected to grow by 6.5% per annum.
Trending IndustriesOil and Gas
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 |
|---|---|---|---|---|---|---|
| Sat, 01 Jun 2024 | ر.س10.2t | ر.س2.8t | ر.س566.5b | 25.4x | 18.1x | 3.7x |
| Mon, 29 Apr 2024 | ر.س10.8t | ر.س2.8t | ر.س578.0b | 27.1x | 18.6x | 3.8x |
| Wed, 27 Mar 2024 | ر.س11.0t | ر.س2.8t | ر.س577.7b | 27.9x | 19x | 3.9x |
| Fri, 23 Feb 2024 | ر.س11.2t | ر.س2.9t | ر.س605.9b | 26.8x | 18.5x | 3.9x |
| Sun, 21 Jan 2024 | ر.س11.0t | ر.س2.9t | ر.س604.6b | 25.1x | 18.2x | 3.9x |
| Tue, 19 Dec 2023 | ر.س11.2t | ر.س2.8t | ر.س604.4b | 23.6x | 18.5x | 3.9x |
| Thu, 16 Nov 2023 | ر.س11.1t | ر.س2.9t | ر.س603.7b | 23x | 18.3x | 3.9x |
| Sat, 14 Oct 2023 | ر.س11.0t | ر.س3.0t | ر.س636.9b | 23.7x | 17.3x | 3.7x |
| Mon, 11 Sep 2023 | ر.س11.3t | ر.س3.0t | ر.س636.5b | 24.9x | 17.7x | 3.8x |
| Wed, 09 Aug 2023 | ر.س11.0t | ر.س3.0t | ر.س648.5b | 25.1x | 17x | 3.7x |
| Fri, 07 Jul 2023 | ر.س11.0t | ر.س3.2t | ر.س714.9b | 26.2x | 15.3x | 3.4x |
| Sun, 04 Jun 2023 | ر.س10.6t | ر.س3.2t | ر.س713.4b | 25.9x | 14.9x | 3.3x |
| Tue, 02 May 2023 | ر.س11.0t | ر.س3.3t | ر.س754.1b | 24.9x | 14.5x | 3.4x |
| Thu, 30 Mar 2023 | ر.س9.9t | ر.س3.2t | ر.س758.3b | 24.1x | 13.1x | 3.1x |
| Sat, 25 Feb 2023 | ر.س9.7t | ر.س3.2t | ر.س752.8b | 23.6x | 12.9x | 3x |
| Mon, 23 Jan 2023 | ر.س10.0t | ر.س3.2t | ر.س750.2b | 24x | 13.4x | 3.1x |
| Wed, 21 Dec 2022 | ر.س9.6t | ر.س3.2t | ر.س748.6b | 23.8x | 12.8x | 3x |
| Fri, 18 Nov 2022 | ر.س10.3t | ر.س3.2t | ر.س747.1b | 25.7x | 13.8x | 3.3x |
| Sun, 16 Oct 2022 | ر.س10.8t | ر.س2.9t | ر.س699.8b | 27x | 15.4x | 3.7x |
| Tue, 13 Sep 2022 | ر.س11.3t | ر.س2.9t | ر.س700.3b | 26.5x | 16.2x | 3.9x |
| Thu, 11 Aug 2022 | ر.س11.9t | ر.س2.6t | ر.س610.9b | 27.2x | 19.5x | 4.6x |
| Sat, 09 Jul 2022 | ر.س11.3t | ر.س2.6t | ر.س607.5b | 25.6x | 18.6x | 4.4x |
| Mon, 06 Jun 2022 | ر.س12.1t | ر.س2.6t | ر.س606.8b | 28.5x | 20x | 4.7x |
| Wed, 04 May 2022 | ر.س12.5t | ر.س2.3t | ر.س538.6b | 29.1x | 23.2x | 5.4x |
| Fri, 01 Apr 2022 | ر.س11.7t | ر.س2.4t | ر.س536.0b | 28.7x | 21.7x | 4.9x |
| Sun, 27 Feb 2022 | ر.س11.4t | ر.س2.1t | ر.س469.3b | 27.3x | 24.2x | 5.3x |
| Tue, 25 Jan 2022 | ر.س10.4t | ر.س2.1t | ر.س461.3b | 30.2x | 22.5x | 4.9x |
| Thu, 23 Dec 2021 | ر.س9.9t | ر.س2.1t | ر.س461.2b | 26.8x | 21.5x | 4.7x |
| Sat, 20 Nov 2021 | ر.س10.4t | ر.س2.1t | ر.س459.8b | 27.7x | 22.5x | 4.9x |
| Mon, 18 Oct 2021 | ر.س10.4t | ر.س1.9t | ر.س378.5b | 30.5x | 27.5x | 5.5x |
| Wed, 15 Sep 2021 | ر.س9.9t | ر.س1.9t | ر.س377.9b | 31.2x | 26.1x | 5.2x |
| Fri, 13 Aug 2021 | ر.س9.8t | ر.س1.9t | ر.س378.6b | 30.7x | 26x | 5.2x |
| Tue, 08 Jun 2021 | ر.س9.6t | ر.س1.6t | ر.س268.1b | 32.1x | 36x | 6.2x |
Price to Earnings Ratio
36x
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 18.8x.
Past Earnings Growth
- The earnings for Saudi listed companies have grown 28% per year over the last three years.
- Revenues for these companies have grown 21% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Saudi Arabian Market?
| SA Market | -3.58% | |
| Financials | -2.21% | |
| Consumer Staples | -2.27% | |
| Real Estate | -2.98% | |
| Energy | -3.13% | |
| Consumer Discretionary | -3.25% | |
| Materials | -3.45% | |
| Telecom | -3.89% | |
| Industrials | -4.40% | |
| Tech | -4.67% | |
| Healthcare | -4.75% | |
| Utilities | -13.78% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 29.1x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 33.3%, which is higher than its past year's earnings growth of 14.0% per year.
- The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 18.9x.
Forecasted Growth
- Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 43% over the next 5 years.
- This is better than its past earnings decline of 22% per year.
- In contrast, the Energy 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 | |
|---|---|---|---|---|---|---|
| 2382 ADES Holding | ر.س18.06 | 3.6% +ر.س679.0m | n/a | PE35.8x | Energy | |
| 4005 National Medical Care | ر.س184.40 | 8.6% +ر.س654.8m | 67.6% | PE31.1x | Healthcare | |
| 8230 Al Rajhi Company for Cooperative Insurance | ر.س151.00 | 4.3% +ر.س620.0m | 218.3% | PE46x | Financials | |
| 4161 BinDawood Holding | ر.س7.67 | 5.6% +ر.س468.6m | 16.2% | PE30.8x | Consumer Staples | |
| 8030 Mediterranean and Gulf Cooperative Insurance and Reinsurance | ر.س29.50 | 15.7% +ر.س420.0m | 217.9% | PE16.2x | Financials |