If EPS Growth Is Important To You, Saudi Awwal Bank (TADAWUL:1060) Presents An Opportunity
Oct 20
Saudi Arabian (Tadawul) Market Analysis & Valuation
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies301
- 7D-0.9%
- 3M-2.2%
- 1Y-0.4%
- YTD7.9%
In the last week, the market has been flat. Similarly, the market is flat for the past 12 months. As for the next few years, earnings are expected to grow by 2.1% 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 |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | ر.س10.8t | ر.س3.0t | ر.س637.7b | 22.9x | 17x | 3.6x |
| Thu, 28 Sep 2023 | ر.س11.4t | ر.س3.0t | ر.س636.5b | 24.9x | 17.9x | 3.8x |
| Sat, 26 Aug 2023 | ر.س11.4t | ر.س3.0t | ر.س636.3b | 25.5x | 18x | 3.9x |
| Mon, 24 Jul 2023 | ر.س11.0t | ر.س3.2t | ر.س715.5b | 25.9x | 15.4x | 3.5x |
| Wed, 21 Jun 2023 | ر.س10.9t | ر.س3.2t | ر.س714.5b | 26.5x | 15.2x | 3.4x |
| Fri, 19 May 2023 | ر.س10.9t | ر.س3.2t | ر.س728.1b | 25.3x | 14.9x | 3.4x |
| Sun, 16 Apr 2023 | ر.س10.2t | ر.س3.2t | ر.س753.8b | 24.8x | 13.5x | 3.1x |
| Tue, 14 Mar 2023 | ر.س10.0t | ر.س3.2t | ر.س747.8b | 23.6x | 13.4x | 3.1x |
| Thu, 09 Feb 2023 | ر.س9.9t | ر.س3.2t | ر.س750.3b | 24.5x | 13.2x | 3.1x |
| Sat, 07 Jan 2023 | ر.س9.8t | ر.س3.2t | ر.س750.1b | 24.2x | 13x | 3.1x |
| Mon, 05 Dec 2022 | ر.س10.1t | ر.س3.2t | ر.س748.3b | 24.6x | 13.5x | 3.2x |
| Wed, 02 Nov 2022 | ر.س10.7t | ر.س2.9t | ر.س701.0b | 26.9x | 15.3x | 3.6x |
| Fri, 30 Sep 2022 | ر.س10.8t | ر.س2.9t | ر.س699.7b | 27.5x | 15.4x | 3.7x |
| Sun, 28 Aug 2022 | ر.س11.9t | ر.س2.9t | ر.س699.4b | 26.7x | 17x | 4.1x |
| Tue, 26 Jul 2022 | ر.س11.5t | ر.س2.6t | ر.س607.6b | 26.7x | 19x | 4.5x |
| Thu, 23 Jun 2022 | ر.س11.2t | ر.س2.6t | ر.س606.9b | 25.2x | 18.4x | 4.3x |
| Sat, 21 May 2022 | ر.س11.9t | ر.س2.6t | ر.س605.5b | 28.1x | 19.6x | 4.6x |
| Mon, 18 Apr 2022 | ر.س12.1t | ر.س2.3t | ر.س530.2b | 30.4x | 22.8x | 5.2x |
| Wed, 16 Mar 2022 | ر.س10.9t | ر.س2.1t | ر.س472.4b | 26.7x | 23.1x | 5.1x |
| Fri, 11 Feb 2022 | ر.س10.5t | ر.س2.1t | ر.س463.9b | 29.7x | 22.7x | 5x |
| Sun, 09 Jan 2022 | ر.س10.0t | ر.س2.1t | ر.س461.2b | 26.6x | 21.7x | 4.7x |
| Tue, 07 Dec 2021 | ر.س9.9t | ر.س2.1t | ر.س460.4b | 26.5x | 21.5x | 4.7x |
| Thu, 04 Nov 2021 | ر.س10.5t | ر.س2.0t | ر.س444.8b | 29.6x | 23.7x | 5.2x |
| Sat, 02 Oct 2021 | ر.س10.0t | ر.س1.9t | ر.س377.9b | 31.3x | 26.6x | 5.3x |
| Mon, 30 Aug 2021 | ر.س9.8t | ر.س1.9t | ر.س378.6b | 31.4x | 25.8x | 5.2x |
| Tue, 06 Jul 2021 | ر.س9.7t | ر.س1.9t | ر.س378.5b | 30.3x | 25.7x | 5.2x |
| Fri, 09 Apr 2021 | ر.س9.6t | ر.س1.6t | ر.س272.3b | 29x | 35.3x | 6.1x |
| Thu, 31 Dec 2020 | ر.س9.1t | ر.س1.5t | ر.س239.6b | 27.2x | 38x | 6.1x |
Price to Earnings Ratio
33.7x
Current Market PE
- Investors are pessimistic on the Saudi market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 17.0x which is lower than its 3-year average PE of 22.4x.
Past Earnings Growth
- The earnings for Saudi listed companies have grown 36% per year over the last three years.
- Revenues for these companies have grown 24% 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 | -0.90% | |
| Healthcare | 2.05% | |
| Telecom | 1.51% | |
| Financials | 1.29% | |
| Utilities | 0.80% | |
| Industrials | 0.61% | |
| Tech | 0.28% | |
| Real Estate | -0.60% | |
| Consumer Staples | -0.81% | |
| Energy | -1.20% | |
| Consumer Discretionary | -1.25% | |
| Materials | -2.98% | |
Sector PE
- Investors favour the Real Estate sector the most for future growth, which is trading above its 3-year average PE ratio of 0.56x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 1.1% which is higher than its past year's earnings decline of 1.7% per year.
- The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 20.4x.
Forecasted Growth
- Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 32% over the next 5 years.
- This is better than its past earnings growth rate of 23% per year.
- In contrast, the Energy sector is expected to see its earnings decline by 2.5% per year 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 | |
|---|---|---|---|---|---|---|
| 4013 Dr. Sulaiman Al Habib Medical Services Group | ر.س252.80 | 11.9% +ر.س9.4b | 11.6% | PE48.1x | Healthcare | |
| 2082 ACWA POWER | ر.س222.00 | 5.2% +ر.س8.0b | 27.6% | PE111.4x | Utilities | |
| 7010 Saudi Telecom | ر.س37.10 | 4.1% +ر.س7.2b | -8.2% | PE14.9x | Telecom | |
| 1120 Al Rajhi Banking and Investment | ر.س65.10 | 2.5% +ر.س6.4b | -23.6% | PB2.5x | Financials | |
| 1180 Saudi National Bank | ر.س32.05 | 3.4% +ر.س6.2b | -28.1% | PB1.1x | Financials |
Market Insights
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