Take Care Before Jumping Onto Ladun Investment Company (TADAWUL:9535) Even Though It's 27% Cheaper
Jul 05
Saudi Arabian (Tadawul) Market Analysis & Valuation
UpdatedJul 09, 2024
DataAggregated Company Financials
Companies327
- 7D0.7%
- 3M-7.4%
- 1Y-8.3%
- YTD-10.6%
The market has stayed flat over the 7 days. As for last year, the market is down 8.3%. Earnings are forecast to grow by 6.7% annually.
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 |
|---|---|---|---|---|---|---|
| Tue, 09 Jul 2024 | ر.س10.1t | ر.س2.8t | ر.س567.4b | 25.8x | 17.8x | 3.6x |
| Thu, 06 Jun 2024 | ر.س10.1t | ر.س2.8t | ر.س566.8b | 25.4x | 17.9x | 3.6x |
| Sat, 04 May 2024 | ر.س10.7t | ر.س2.8t | ر.س579.7b | 27.6x | 18.5x | 3.8x |
| Mon, 01 Apr 2024 | ر.س11.0t | ر.س2.8t | ر.س578.1b | 27.8x | 19x | 3.9x |
| Wed, 28 Feb 2024 | ر.س11.2t | ر.س2.9t | ر.س605.7b | 27.2x | 18.5x | 3.9x |
| Fri, 26 Jan 2024 | ر.س11.0t | ر.س2.9t | ر.س604.6b | 25.4x | 18.2x | 3.9x |
| Sun, 24 Dec 2023 | ر.س11.1t | ر.س2.8t | ر.س604.4b | 23.8x | 18.4x | 3.9x |
| Tue, 21 Nov 2023 | ر.س11.1t | ر.س2.8t | ر.س604.3b | 23.5x | 18.4x | 3.9x |
| Thu, 19 Oct 2023 | ر.س11.0t | ر.س3.0t | ر.س636.9b | 23.7x | 17.2x | 3.7x |
| Sat, 16 Sep 2023 | ر.س11.1t | ر.س3.0t | ر.س636.4b | 24.5x | 17.5x | 3.7x |
| Mon, 14 Aug 2023 | ر.س11.3t | ر.س3.0t | ر.س640.0b | 25.8x | 17.6x | 3.8x |
| Wed, 12 Jul 2023 | ر.س11.0t | ر.س3.2t | ر.س715.4b | 26x | 15.3x | 3.4x |
| Fri, 09 Jun 2023 | ر.س10.9t | ر.س3.2t | ر.س713.1b | 26.9x | 15.3x | 3.4x |
| Sun, 07 May 2023 | ر.س10.7t | ر.س3.3t | ر.س754.6b | 24.7x | 14.2x | 3.3x |
| Tue, 04 Apr 2023 | ر.س10.1t | ر.س3.2t | ر.س758.2b | 24.6x | 13.3x | 3.1x |
| Thu, 02 Mar 2023 | ر.س9.7t | ر.س3.2t | ر.س752.6b | 23.5x | 12.9x | 3x |
| Sat, 28 Jan 2023 | ر.س10.1t | ر.س3.2t | ر.س750.2b | 24.4x | 13.5x | 3.2x |
| Mon, 26 Dec 2022 | ر.س9.6t | ر.س3.2t | ر.س748.6b | 23.6x | 12.9x | 3x |
| Wed, 23 Nov 2022 | ر.س10.2t | ر.س3.2t | ر.س748.3b | 25x | 13.7x | 3.2x |
| Fri, 21 Oct 2022 | ر.س11.0t | ر.س2.9t | ر.س699.8b | 27.7x | 15.8x | 3.8x |
| Sun, 18 Sep 2022 | ر.س11.1t | ر.س2.9t | ر.س699.4b | 26.8x | 15.9x | 3.8x |
| Tue, 16 Aug 2022 | ر.س12.1t | ر.س2.6t | ر.س617.2b | 27.1x | 19.5x | 4.6x |
| Thu, 14 Jul 2022 | ر.س11.1t | ر.س2.6t | ر.س607.5b | 25.6x | 18.3x | 4.3x |
| Sat, 11 Jun 2022 | ر.س12.1t | ر.س2.6t | ر.س606.8b | 28x | 19.9x | 4.7x |
| Mon, 09 May 2022 | ر.س12.7t | ر.س2.3t | ر.س538.6b | 29.1x | 23.6x | 5.5x |
| Wed, 06 Apr 2022 | ر.س12.0t | ر.س2.4t | ر.س535.9b | 28.8x | 22.5x | 5.1x |
| Fri, 04 Mar 2022 | ر.س12.1t | ر.س2.1t | ر.س472.5b | 26.9x | 25.6x | 5.6x |
| Sun, 30 Jan 2022 | ر.س10.5t | ر.س2.1t | ر.س461.1b | 29.5x | 22.7x | 5x |
| Tue, 28 Dec 2021 | ر.س9.9t | ر.س2.1t | ر.س461.2b | 25.6x | 21.5x | 4.7x |
| Thu, 25 Nov 2021 | ر.س10.1t | ر.س2.1t | ر.س460.1b | 25.7x | 21.9x | 4.8x |
| Sat, 23 Oct 2021 | ر.س10.5t | ر.س1.9t | ر.س378.4b | 30.9x | 27.6x | 5.5x |
| Mon, 20 Sep 2021 | ر.س9.9t | ر.س1.9t | ر.س377.9b | 31.4x | 26.1x | 5.2x |
| Wed, 18 Aug 2021 | ر.س9.8t | ر.س1.9t | ر.س378.6b | 31.3x | 25.9x | 5.2x |
Price to Earnings Ratio
25.8x
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 18.6x.
Past Earnings Growth
- The earnings for Saudi listed companies have grown 14% per year over the last three years.
- Revenues for these companies have grown 14% 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 | 0.73% | |
| Utilities | 2.89% | |
| Consumer Discretionary | 1.53% | |
| Telecom | 1.31% | |
| Industrials | 0.92% | |
| Energy | 0.87% | |
| Financials | 0.20% | |
| Consumer Staples | 0.18% | |
| Materials | 0.065% | |
| Healthcare | -0.23% | |
| Real Estate | -2.05% | |
| Tech | -2.19% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 31.0x.
- 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 13.2% per year.
- The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 18.6x.
Forecasted Growth
- Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 42% over the next 5 years.
- This is better than its past earnings decline of 23% 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 | |
|---|---|---|---|---|---|---|
| 2222 Saudi Arabian Oil | ر.س28.25 | 0.9% +ر.س60.5b | -12.1% | PE15.6x | Energy | |
| 2082 ACWA Power | ر.س363.20 | 4.5% +ر.س11.4b | 105.6% | PE156.9x | Utilities | |
| 7010 Saudi Telecom | ر.س38.50 | 1.3% +ر.س2.5b | -14.0% | PE14.2x | Telecom | |
| 8230 Al Rajhi Company for Cooperative Insurance | ر.س213.00 | 12.1% +ر.س2.3b | 259.3% | PE56.3x | Financials | |
| 2010 Saudi Basic Industries | ر.س74.70 | 0.9% +ر.س2.1b | -15.9% | PE195.9x | Materials |
