Return Trends At Saudi Arabian Mining Company (Ma'aden) (TADAWUL:1211) Aren't Appealing
May 01
Saudi Arabian (Tadawul) Market Analysis & Valuation
UpdatedMay 01, 2024
DataAggregated Company Financials
Companies315
- 7D-0.4%
- 3M0.9%
- 1Y-1.4%
- YTD-4.7%
The market has been flat in the last week, however the Utilities sector is down 12%. In line with that, the market has also been flat over the past year. Looking forward, earnings are forecast to grow by 6.0% 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 |
|---|---|---|---|---|---|---|
| Wed, 01 May 2024 | ر.س10.8t | ر.س2.8t | ر.س578.0b | 27.6x | 18.6x | 3.8x |
| Fri, 29 Mar 2024 | ر.س11.0t | ر.س2.8t | ر.س577.6b | 27.7x | 19x | 3.9x |
| Sun, 25 Feb 2024 | ر.س11.2t | ر.س2.9t | ر.س605.7b | 26.6x | 18.6x | 3.9x |
| Tue, 23 Jan 2024 | ر.س11.0t | ر.س2.9t | ر.س604.6b | 25.1x | 18.2x | 3.9x |
| Thu, 21 Dec 2023 | ر.س11.2t | ر.س2.8t | ر.س604.4b | 23.7x | 18.5x | 3.9x |
| Sat, 18 Nov 2023 | ر.س11.1t | ر.س2.9t | ر.س603.9b | 23.6x | 18.4x | 3.9x |
| Mon, 16 Oct 2023 | ر.س10.9t | ر.س3.0t | ر.س636.8b | 23.8x | 17.1x | 3.7x |
| Wed, 13 Sep 2023 | ر.س11.1t | ر.س3.0t | ر.س636.4b | 24.4x | 17.4x | 3.7x |
| Fri, 11 Aug 2023 | ر.س11.3t | ر.س3.0t | ر.س645.8b | 25.7x | 17.5x | 3.8x |
| Sun, 09 Jul 2023 | ر.س11.0t | ر.س3.2t | ر.س715.2b | 26.2x | 15.3x | 3.4x |
| Tue, 06 Jun 2023 | ر.س10.9t | ر.س3.2t | ر.س712.9b | 26.9x | 15.3x | 3.4x |
| Thu, 04 May 2023 | ر.س10.7t | ر.س3.3t | ر.س754.1b | 24.7x | 14.2x | 3.3x |
| Sat, 01 Apr 2023 | ر.س10.0t | ر.س3.2t | ر.س758.3b | 24.3x | 13.2x | 3.1x |
| Mon, 27 Feb 2023 | ر.س9.6t | ر.س3.2t | ر.س752.6b | 23.1x | 12.8x | 3x |
| Wed, 25 Jan 2023 | ر.س10.2t | ر.س3.2t | ر.س750.2b | 23.6x | 13.6x | 3.2x |
| Fri, 23 Dec 2022 | ر.س9.6t | ر.س3.2t | ر.س748.6b | 23.7x | 12.8x | 3x |
| Sun, 20 Nov 2022 | ر.س10.3t | ر.س3.2t | ر.س747.4b | 25.1x | 13.8x | 3.3x |
| Tue, 18 Oct 2022 | ر.س10.8t | ر.س2.9t | ر.س699.8b | 27x | 15.4x | 3.7x |
| Thu, 15 Sep 2022 | ر.س11.3t | ر.س2.9t | ر.س700.3b | 26.8x | 16.1x | 3.8x |
| Sat, 13 Aug 2022 | ر.س12.2t | ر.س2.6t | ر.س611.7b | 27.3x | 19.9x | 4.7x |
| Mon, 11 Jul 2022 | ر.س11.3t | ر.س2.6t | ر.س607.5b | 25.6x | 18.6x | 4.4x |
| Wed, 08 Jun 2022 | ر.س12.2t | ر.س2.6t | ر.س606.8b | 28.5x | 20.1x | 4.7x |
| Fri, 06 May 2022 | ر.س12.5t | ر.س2.3t | ر.س538.6b | 29.1x | 23.2x | 5.4x |
| Sun, 03 Apr 2022 | ر.س12.0t | ر.س2.4t | ر.س536.1b | 28x | 22.4x | 5.1x |
| Tue, 01 Mar 2022 | ر.س11.3t | ر.س2.1t | ر.س469.5b | 27x | 24.1x | 5.3x |
| Thu, 27 Jan 2022 | ر.س10.4t | ر.س2.1t | ر.س461.3b | 30.2x | 22.6x | 4.9x |
| Sat, 25 Dec 2021 | ر.س10.0t | ر.س2.1t | ر.س461.2b | 25.9x | 21.7x | 4.7x |
| Mon, 22 Nov 2021 | ر.س10.1t | ر.س2.1t | ر.س459.9b | 26.6x | 21.9x | 4.8x |
| Wed, 20 Oct 2021 | ر.س10.4t | ر.س1.9t | ر.س378.5b | 31x | 27.5x | 5.5x |
| Fri, 17 Sep 2021 | ر.س9.9t | ر.س1.9t | ر.س377.9b | 31.2x | 26.1x | 5.2x |
| Sun, 15 Aug 2021 | ر.س9.9t | ر.س1.9t | ر.س378.6b | 31.1x | 26.1x | 5.3x |
| Thu, 10 Jun 2021 | ر.س9.6t | ر.س1.6t | ر.س268.1b | 32.1x | 36x | 6.2x |
Price to Earnings Ratio
35.7x
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 19.3x.
Past Earnings Growth
- The earnings for Saudi listed companies have grown 29% 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 | -0.36% | |
| Materials | 2.27% | |
| Financials | 0.67% | |
| Consumer Staples | 0.28% | |
| Energy | -0.0024% | |
| Tech | -0.0097% | |
| Real Estate | -0.12% | |
| Industrials | -0.55% | |
| Telecom | -1.21% | |
| Healthcare | -1.86% | |
| Consumer Discretionary | -1.96% | |
| Utilities | -11.70% | |
Sector PE
- Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 26.0x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 39.3% which is higher than its past year's earnings decline of 18.7% per year.
- The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 19.2x.
Forecasted Growth
- Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 39% over the next 5 years.
- This is better than its past earnings decline of 19% per year.
- In contrast, the Real Estate sector is expected to see its earnings decline by 11% 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 | |
|---|---|---|---|---|---|---|
| 2010 Saudi Basic Industries | ر.س84.00 | 6.5% +ر.س15.3b | -6.6% | PE193.2x | Materials | |
| 1120 Al Rajhi Banking and Investment | ر.س80.00 | 1.8% +ر.س5.6b | 8.0% | PB3x | Financials | |
| 1080 Arab National Bank | ر.س30.50 | 7.0% +ر.س3.0b | 14.2% | PB1.3x | Financials | |
| 2020 SABIC Agri-Nutrients | ر.س114.60 | 5.5% +ر.س2.9b | -11.7% | PE14.9x | Materials | |
| 1180 Saudi National Bank | ر.س37.40 | 1.2% +ر.س2.7b | 0.3% | PB1.3x | Financials |
