Saudi Arabian (Tadawul) Insurance Industry Analysis
UpdatedMay 18, 2024
DataAggregated Company Financials
Companies26
- 7D-10.5%
- 3M12.2%
- 1Y44.5%
- YTD21.1%
Over the last 7 days, the Insurance industry has dropped 10%, driven by a pullback from Bupa Arabia for Cooperative Insurance of 10%. In contrast, Allied Cooperative Insurance Group has gained 12%. In the past year, the industry has gained 45%. Looking forward, earnings are forecast to grow by 16% annually.
Industry Valuation and Performance
Has the Saudi Arabian Insurance Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 18 May 2024 | ر.س95.3b | ر.س55.8b | ر.س3.6b | 23.2x | 26.8x | 1.7x |
| Mon, 15 Apr 2024 | ر.س95.8b | ر.س54.4b | ر.س3.3b | 22.8x | 29.4x | 1.8x |
| Wed, 13 Mar 2024 | ر.س95.6b | ر.س52.7b | ر.س3.2b | 21x | 30x | 1.8x |
| Fri, 09 Feb 2024 | ر.س79.6b | ر.س51.7b | ر.س3.2b | 16.6x | 24.8x | 1.5x |
| Sun, 07 Jan 2024 | ر.س81.1b | ر.س52.1b | ر.س3.2b | 17.5x | 25.2x | 1.6x |
| Tue, 05 Dec 2023 | ر.س74.3b | ر.س52.1b | ر.س3.2b | 18x | 23.6x | 1.4x |
| Thu, 02 Nov 2023 | ر.س73.9b | ر.س49.2b | ر.س2.6b | 19.8x | 28.6x | 1.5x |
| Sat, 30 Sep 2023 | ر.س75.4b | ر.س49.4b | ر.س2.6b | 21.2x | 29.2x | 1.5x |
| Mon, 28 Aug 2023 | ر.س73.8b | ر.س48.5b | ر.س2.4b | 21.9x | 31.4x | 1.5x |
| Wed, 26 Jul 2023 | ر.س71.1b | ر.س46.1b | ر.س1.4b | 34.9x | 50.4x | 1.5x |
| Fri, 23 Jun 2023 | ر.س68.7b | ر.س43.7b | ر.س850.9m | 45.9x | 80.7x | 1.6x |
| Sun, 21 May 2023 | ر.س66.3b | ر.س42.6b | ر.س746.4m | 40.9x | 88.8x | 1.6x |
| Tue, 18 Apr 2023 | ر.س58.9b | ر.س42.6b | ر.س771.8m | 37.4x | 76.3x | 1.4x |
| Thu, 16 Mar 2023 | ر.س55.0b | ر.س41.1b | ر.س166.6m | 39.5x | 330.3x | 1.3x |
| Sat, 11 Feb 2023 | ر.س54.2b | ر.س39.9b | -ر.س4,702,647.00 | 38.1x | -11527x | 1.4x |
| Mon, 09 Jan 2023 | ر.س50.0b | ر.س39.9b | -ر.س4,702,647.00 | 33.3x | -10627.7x | 1.3x |
| Wed, 07 Dec 2022 | ر.س46.9b | ر.س39.9b | -ر.س4,702,647.00 | 32.4x | -9973.7x | 1.2x |
| Fri, 04 Nov 2022 | ر.س52.1b | ر.س37.6b | -ر.س433,937,940.00 | 68.7x | -120x | 1.4x |
| Sun, 02 Oct 2022 | ر.س49.8b | ر.س37.6b | -ر.س448,567,685.00 | 68.5x | -111.1x | 1.3x |
| Tue, 30 Aug 2022 | ر.س50.9b | ر.س37.4b | -ر.س353,256,262.00 | 68x | -144x | 1.4x |
| Thu, 28 Jul 2022 | ر.س46.7b | ر.س35.9b | -ر.س324,410,890.00 | 40.7x | -144x | 1.3x |
| Sat, 25 Jun 2022 | ر.س46.7b | ر.س35.9b | -ر.س324,410,890.00 | 38.9x | -143.8x | 1.3x |
| Mon, 23 May 2022 | ر.س49.0b | ر.س35.5b | -ر.س182,841,259.00 | 38.4x | -267.9x | 1.4x |
| Wed, 20 Apr 2022 | ر.س54.2b | ر.س34.6b | -ر.س45,304,259.00 | 37.7x | -1195.5x | 1.6x |
| Fri, 18 Mar 2022 | ر.س55.7b | ر.س34.7b | ر.س493.7m | 36.4x | 112.9x | 1.6x |
| Sun, 13 Feb 2022 | ر.س59.8b | ر.س34.0b | ر.س568.2m | 46.7x | 105.2x | 1.8x |
| Tue, 11 Jan 2022 | ر.س53.3b | ر.س34.0b | ر.س568.2m | 31.4x | 93.8x | 1.6x |
| Thu, 09 Dec 2021 | ر.س54.5b | ر.س34.0b | ر.س575.4m | 31.9x | 94.7x | 1.6x |
| Sat, 06 Nov 2021 | ر.س57.4b | ر.س33.6b | ر.س895.5m | 47.4x | 64.1x | 1.7x |
| Mon, 04 Oct 2021 | ر.س58.6b | ر.س33.5b | ر.س897.6m | 48.9x | 65.3x | 1.7x |
| Wed, 01 Sep 2021 | ر.س63.2b | ر.س33.5b | ر.س897.6m | 52.6x | 70.4x | 1.9x |
| Thu, 08 Jul 2021 | ر.س57.5b | ر.س33.5b | ر.س897.6m | 54.3x | 64x | 1.7x |
Price to Earnings Ratio
36.8x
Current Industry PE
- Investors are pessimistic on the Saudi Insurance 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 26.8x which is higher than its 3-year average PE of -1kx.
- The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 1.7x.
Past Earnings Growth
- The earnings for companies in the Insurance industry have grown 34% per year over the last three years.
- Revenues for these companies have grown 19% 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 | -0.47% | |
| Financials | -1.14% | |
| Insurance | -10.45% | |
| Insurance Brokers | 0% | |
| Reinsurance | -8.16% | |
| Life and Health Insurance | -10.08% | |
| Property and Casualty Insurance | -10.41% | |
| General Insurance | -10.81% | |
Industry PE
- Investors are most optimistic about the Property and Casualty Insurance industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 31.1% and investors are willing to pay a premium for that growth.
- Investors are most pessimistic about the Reinsurance industry, which is trading below its 3-year average of 34.3x.
Forecasted Growth
- Analysts are most optimistic on the Property and Casualty Insurance industry, expecting annual earnings growth of 31% over the next 5 years.
- In contrast, the Reinsurance industry is expected to see its earnings grow by 8.6% 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 | |
|---|---|---|---|---|---|
| 8150 Allied Cooperative Insurance Group | ر.س21.30 | 12.2% +ر.س67.5m | 41.1% | PE9.8x | |
| 8312 Alinma Tokio Marine | ر.س12.80 | 1.4% +ر.س5.4m | -26.4% | PE23.3x |