Saudi Arabian (Tadawul) Banks Industry Analysis
UpdatedMay 29, 2024
DataAggregated Company Financials
Companies10
- 7D-4.3%
- 3M-15.5%
- 1Y-2.9%
- YTD-10.4%
Over the last 7 days, the Banks industry has dropped 4.3%, driven by declines from every company within the industry. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 8.2% per annum.
Industry Valuation and Performance
Has the Saudi Arabian Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 29 May 2024 | ر.س885.8b | ر.س123.6b | ر.س68.6b | 10.4x | 12.9x | 7.2x |
| Fri, 26 Apr 2024 | ر.س947.0b | ر.س121.5b | ر.س67.3b | 11.6x | 14.1x | 7.8x |
| Sun, 24 Mar 2024 | ر.س1.0t | ر.س121.5b | ر.س67.3b | 12.3x | 15.3x | 8.5x |
| Tue, 20 Feb 2024 | ر.س1.0t | ر.س121.4b | ر.س67.4b | 12.2x | 15.3x | 8.5x |
| Thu, 18 Jan 2024 | ر.س1.0t | ر.س119.3b | ر.س66.6b | 12.7x | 15.3x | 8.5x |
| Sat, 16 Dec 2023 | ر.س937.4b | ر.س119.3b | ر.س66.6b | 11.5x | 14.1x | 7.9x |
| Mon, 13 Nov 2023 | ر.س861.2b | ر.س119.3b | ر.س66.6b | 10.9x | 12.9x | 7.2x |
| Wed, 11 Oct 2023 | ر.س808.3b | ر.س116.6b | ر.س65.3b | 11.1x | 12.4x | 6.9x |
| Fri, 08 Sep 2023 | ر.س873.1b | ر.س116.6b | ر.س65.3b | 11.7x | 13.4x | 7.5x |
| Sun, 06 Aug 2023 | ر.س901.3b | ر.س116.7b | ر.س65.4b | 12.1x | 13.8x | 7.7x |
| Tue, 04 Jul 2023 | ر.س917.0b | ر.س113.2b | ر.س63.6b | 14.1x | 14.4x | 8.1x |
| Thu, 01 Jun 2023 | ر.س891.4b | ر.س113.2b | ر.س63.6b | 13.4x | 14x | 7.9x |
| Sat, 29 Apr 2023 | ر.س912.7b | ر.س109.7b | ر.س61.4b | 14.4x | 14.9x | 8.3x |
| Mon, 27 Mar 2023 | ر.س873.1b | ر.س109.3b | ر.س60.5b | 13.5x | 14.4x | 8x |
| Wed, 22 Feb 2023 | ر.س865.2b | ر.س107.9b | ر.س59.8b | 13.4x | 14.5x | 8x |
| Fri, 20 Jan 2023 | ر.س927.2b | ر.س105.5b | ر.س57.2b | 15.4x | 16.2x | 8.8x |
| Sun, 18 Dec 2022 | ر.س924.7b | ر.س105.5b | ر.س57.2b | 16.4x | 16.2x | 8.8x |
| Tue, 15 Nov 2022 | ر.س1.0t | ر.س105.5b | ر.س57.2b | 18.4x | 18.3x | 9.9x |
| Thu, 13 Oct 2022 | ر.س1.0t | ر.س101.5b | ر.س54.2b | 19.1x | 19.3x | 10.3x |
| Sat, 10 Sep 2022 | ر.س1.1t | ر.س101.5b | ر.س54.2b | 18.7x | 20x | 10.7x |
| Mon, 08 Aug 2022 | ر.س1.1t | ر.س100.7b | ر.س53.7b | 20.7x | 21.1x | 11.2x |
| Wed, 06 Jul 2022 | ر.س1.0t | ر.س96.6b | ر.س50.5b | 20.2x | 20.5x | 10.7x |
| Fri, 03 Jun 2022 | ر.س1.2t | ر.س96.6b | ر.س50.5b | 23.8x | 23.7x | 12.4x |
| Sun, 01 May 2022 | ر.س1.3t | ر.س92.3b | ر.س47.9b | 27.8x | 27.3x | 14.2x |
| Tue, 29 Mar 2022 | ر.س1.2t | ر.س92.5b | ر.س48.1b | 22.7x | 24.6x | 12.8x |
| Thu, 24 Feb 2022 | ر.س1.2t | ر.س90.6b | ر.س46.3b | 23.1x | 25.2x | 12.9x |
| Sat, 22 Jan 2022 | ر.س1.1t | ر.س86.9b | ر.س44.4b | 24.8x | 25.2x | 12.9x |
| Mon, 20 Dec 2021 | ر.س971.3b | ر.س86.9b | ر.س44.4b | 20.1x | 21.9x | 11.2x |
| Wed, 17 Nov 2021 | ر.س1.0t | ر.س86.9b | ر.س44.4b | 21.1x | 23.6x | 12.1x |
| Fri, 15 Oct 2021 | ر.س964.7b | ر.س82.5b | ر.س42.0b | 20.4x | 23x | 11.7x |
| Sun, 12 Sep 2021 | ر.س912.9b | ر.س82.5b | ر.س42.0b | 20.1x | 21.7x | 11.1x |
| Tue, 10 Aug 2021 | ر.س896.8b | ر.س82.5b | ر.س42.0b | 19.5x | 21.3x | 10.9x |
Price to Earnings Ratio
25.4x
Current Industry PE
- Investors are pessimistic on the Saudi Banks 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 12.9x which is lower than its 3-year average PE of 18.4x.
- The 3-year average PS ratio of 9.7x is higher than the industry's current PS ratio of 7.2x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 29% per year over the last three years.
- Revenues for these companies have grown 17% 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 industry?
| SA Market | -2.97% | |
| Financials | -4.19% | |
| Banks | -4.32% | |
| Regional Banks | 0% | |
| Diversified Banks | -4.32% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 18.4x.
- Analysts are expecting annual earnings growth of 8.2%, which is lower than the prior year's growth of 12.6% per year.
- Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 18.4x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 8.2% over the next 5 years.
- However this is lower than its past earnings growth rate of 13% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 8.2% 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 | |
|---|---|---|---|---|---|
| No data available | |||||