Chubb Arabia Cooperative Insurance Company (TADAWUL:8240) Shares May Have Slumped 28% But Getting In Cheap Is Still Unlikely
May 21
Saudi Arabian (Tadawul) Financials Sector Analysis
UpdatedMay 30, 2024
DataAggregated Company Financials
Companies47
- 7D-3.1%
- 3M-11.7%
- 1Y4.1%
- YTD-5.8%
Over the last 7 days, the Financials industry has dropped 4.2%, driven by a pullback from Al Rajhi Banking and Investment of 3.7%. This takes the industry's 12 month performance to a gain of 4.1%. Looking forward, earnings are forecast to grow by 8.9% annually.
Sector Valuation and Performance
Has the Saudi Arabian Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 30 May 2024 | ر.س1.1t | ر.س185.0b | ر.س74.2b | 16.2x | 14.3x | 5.7x |
| Sat, 27 Apr 2024 | ر.س1.1t | ر.س180.8b | ر.س72.4b | 19.1x | 15.3x | 6.1x |
| Mon, 25 Mar 2024 | ر.س1.2t | ر.س179.2b | ر.س72.2b | 20x | 16.6x | 6.7x |
| Wed, 21 Feb 2024 | ر.س1.2t | ر.س177.7b | ر.س72.5b | 17.6x | 16.4x | 6.7x |
| Fri, 19 Jan 2024 | ر.س1.1t | ر.س176.0b | ر.س71.6b | 17x | 15.9x | 6.5x |
| Sun, 17 Dec 2023 | ر.س1.1t | ر.س176.0b | ر.س71.6b | 16.3x | 14.9x | 6.1x |
| Tue, 14 Nov 2023 | ر.س974.6b | ر.س175.7b | ر.س71.3b | 16.9x | 13.7x | 5.5x |
| Thu, 12 Oct 2023 | ر.س927.5b | ر.س170.4b | ر.س69.7b | 17.7x | 13.3x | 5.4x |
| Sat, 09 Sep 2023 | ر.س1.0t | ر.س170.8b | ر.س69.7b | 18.4x | 14.4x | 5.9x |
| Mon, 07 Aug 2023 | ر.س1.0t | ر.س167.4b | ر.س68.7b | 21.5x | 15x | 6.1x |
| Wed, 05 Jul 2023 | ر.س1.1t | ر.س162.7b | ر.س66.6b | 21.3x | 15.9x | 6.5x |
| Fri, 02 Jun 2023 | ر.س1.0t | ر.س160.5b | ر.س66.4b | 21x | 15.3x | 6.3x |
| Sun, 30 Apr 2023 | ر.س1.0t | ر.س156.8b | ر.س70.0b | 19.9x | 14.7x | 6.6x |
| Tue, 28 Mar 2023 | ر.س980.0b | ر.س155.0b | ر.س68.8b | 17.5x | 14.2x | 6.3x |
| Thu, 23 Feb 2023 | ر.س973.0b | ر.س152.2b | ر.س67.8b | 17.6x | 14.4x | 6.4x |
| Sat, 21 Jan 2023 | ر.س1.0t | ر.س149.9b | ر.س65.3b | 19.5x | 15.8x | 6.9x |
| Mon, 19 Dec 2022 | ر.س1.0t | ر.س149.9b | ر.س65.3b | 19.8x | 15.7x | 6.8x |
| Wed, 16 Nov 2022 | ر.س1.1t | ر.س149.3b | ر.س65.0b | 21x | 17.6x | 7.7x |
| Fri, 14 Oct 2022 | ر.س1.2t | ر.س143.3b | ر.س61.6b | 22x | 18.7x | 8x |
| Sun, 11 Sep 2022 | ر.س1.2t | ر.س143.3b | ر.س61.6b | 22.8x | 19.5x | 8.4x |
| Tue, 09 Aug 2022 | ر.س1.3t | ر.س140.8b | ر.س61.6b | 23.3x | 20.4x | 8.9x |
| Thu, 07 Jul 2022 | ر.س1.1t | ر.س136.3b | ر.س58.1b | 22.2x | 19.7x | 8.4x |
| Sat, 04 Jun 2022 | ر.س1.3t | ر.س136.4b | ر.س58.1b | 25.4x | 22.2x | 9.4x |
| Mon, 02 May 2022 | ر.س1.4t | ر.س131.4b | ر.س55.9b | 28.8x | 25.6x | 10.9x |
| Wed, 30 Mar 2022 | ر.س1.3t | ر.س130.6b | ر.س50.2b | 26.7x | 26x | 10x |
| Fri, 25 Feb 2022 | ر.س1.3t | ر.س127.6b | ر.س48.3b | 26.8x | 26.2x | 9.9x |
| Sun, 23 Jan 2022 | ر.س1.2t | ر.س124.0b | ر.س46.5b | 27.1x | 26.7x | 10x |
| Tue, 21 Dec 2021 | ر.س1.1t | ر.س122.7b | ر.س45.9b | 23.8x | 23.3x | 8.7x |
| Thu, 18 Nov 2021 | ر.س1.1t | ر.س122.3b | ر.س45.7b | 25.9x | 25x | 9.3x |
| Sat, 16 Oct 2021 | ر.س1.1t | ر.س117.4b | ر.س43.2b | 26.5x | 24.7x | 9.1x |
| Mon, 13 Sep 2021 | ر.س1.0t | ر.س117.4b | ر.س43.2b | 28.4x | 23.7x | 8.7x |
| Wed, 11 Aug 2021 | ر.س1.0t | ر.س117.4b | ر.س43.2b | 28.5x | 23.4x | 8.6x |
| Sun, 06 Jun 2021 | ر.س902.4b | ر.س111.4b | ر.س32.2b | 26x | 28.1x | 8.1x |
Price to Earnings Ratio
28.1x
Current Industry PE
- Investors are pessimistic on the Saudi Financials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 14.3x which is lower than its 3-year average PE of 19.1x.
- The 3-year average PS ratio of 7.6x is higher than the industry's current PS ratio of 5.7x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 32% per year over the last three years.
- Revenues for these companies have grown 18% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Saudi Arabian Financials sector?
| SA Market | -3.43% | |
| Financials | -3.14% | |
| Consumer Finance | 0.27% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Capital Markets | -0.66% | |
| Diversified Financial | -1.18% | |
| Insurance | -2.37% | |
| Banks | -3.37% | |
Industry PE
- Investors are most optimistic about the Capital Markets industry, which is trading close to its 3-year average PE ratio of 50.8x.
- Analysts are expecting annual earnings growth of 14.9%, which is lower than the prior year's growth of 27.5% per year.
- Investors are most pessimistic about the Banks industry, which is trading below its 3-year average of 18.4x.
Forecasted Growth
- Analysts are most optimistic on the Insurance industry, expecting annual earnings growth of 17% over the next 5 years.
- In contrast, the Diversified Financial industry is expected to see its earnings grow by 6.3% 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 | |
|---|---|---|---|---|---|
| 8230 Al Rajhi Company for Cooperative Insurance | ر.س151.80 | 4.8% +ر.س700.0m | 220.0% | PE46.3x | |
| 1150 Alinma Bank | ر.س31.00 | 0.5% +ر.س375.0m | 20.9% | PB2x | |
| 8030 Mediterranean and Gulf Cooperative Insurance and Reinsurance | ر.س29.00 | 13.7% +ر.س367.5m | 212.5% | PE15.9x | |
| 2120 Saudi Advanced Industries | ر.س43.55 | 2.1% +ر.س53.1m | 49.9% | PE10.9x | |
| 8060 Walaa Cooperative Insurance | ر.س25.80 | 2.0% +ر.س42.5m | 60.0% | PE13.4x |