Gulf Insurance Group's (TADAWUL:8250) Popularity With Investors Under Threat As Stock Sinks 26%
May 22
Saudi Arabian (Tadawul) General Insurance Industry Analysis
UpdatedMay 29, 2024
DataAggregated Company Financials
Companies18
- 7D-3.4%
- 3M11.7%
- 1Y65.6%
- YTDn/a
Over the last 7 days, the General Insurance industry has dropped 3.4%, driven by Company for Cooperative Insurance declining 4.8%. In contrast, Chubb Arabia Cooperative Insurance has gained 5.1%. This takes the industry's 12 month performance to a gain of 66%. Looking forward, earnings are forecast to grow by 14% annually.
Industry Valuation and Performance
Has the Saudi Arabian General Insurance Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 30 May 2024 | ر.س53.5b | ر.س34.6b | ر.س2.2b | 14.3x | 24.3x | 1.5x |
| Sat, 27 Apr 2024 | ر.س56.6b | ر.س33.5b | ر.س2.1b | 20.6x | 27.5x | 1.7x |
| Mon, 25 Mar 2024 | ر.س55.9b | ر.س32.3b | ر.س1.8b | 20.2x | 30.5x | 1.7x |
| Wed, 21 Feb 2024 | ر.س45.2b | ر.س31.8b | ر.س2.0b | 16.5x | 23x | 1.4x |
| Fri, 19 Jan 2024 | ر.س41.0b | ر.س32.2b | ر.س2.0b | 16.2x | 20.7x | 1.3x |
| Sun, 17 Dec 2023 | ر.س40.7b | ر.س32.2b | ر.س2.0b | 15.7x | 20.6x | 1.3x |
| Tue, 14 Nov 2023 | ر.س37.6b | ر.س32.1b | ر.س1.7b | 20x | 21.6x | 1.2x |
| Thu, 12 Oct 2023 | ر.س35.9b | ر.س30.3b | ر.س1.3b | 19.7x | 28.1x | 1.2x |
| Sat, 09 Sep 2023 | ر.س39.4b | ر.س30.2b | ر.س1.3b | 23.1x | 31.3x | 1.3x |
| Mon, 07 Aug 2023 | ر.س36.8b | ر.س28.0b | ر.س455.7m | 33.1x | 80.8x | 1.3x |
| Wed, 05 Jul 2023 | ر.س39.0b | ر.س26.9b | ر.س176.9m | 46.9x | 220.5x | 1.5x |
| Fri, 02 Jun 2023 | ر.س33.4b | ر.س25.5b | ر.س84.7m | 50.3x | 394.9x | 1.3x |
| Sun, 30 Apr 2023 | ر.س28.4b | ر.س24.9b | ر.س56.7m | 46.9x | 500.5x | 1.1x |
| Tue, 28 Mar 2023 | ر.س27.5b | ر.س23.3b | -ر.س372,188,178.00 | 41.6x | -74x | 1.2x |
| Thu, 23 Feb 2023 | ر.س25.9b | ر.س23.1b | -ر.س412,919,178.00 | 37.1x | -62.8x | 1.1x |
| Sat, 21 Jan 2023 | ر.س24.1b | ر.س23.1b | -ر.س412,919,178.00 | 36.4x | -58.3x | 1x |
| Mon, 19 Dec 2022 | ر.س23.8b | ر.س23.1b | -ر.س412,919,178.00 | 34.2x | -57.7x | 1x |
| Wed, 16 Nov 2022 | ر.س23.6b | ر.س23.0b | -ر.س445,586,870.00 | 33.8x | -53x | 1x |
| Fri, 14 Oct 2022 | ر.س24.6b | ر.س21.8b | -ر.س628,285,508.00 | 71x | -39.1x | 1.1x |
| Sun, 11 Sep 2022 | ر.س24.3b | ر.س21.8b | -ر.س628,285,508.00 | 75x | -38.6x | 1.1x |
| Tue, 09 Aug 2022 | ر.س23.0b | ر.س20.9b | -ر.س572,504,628.00 | 43x | -40.2x | 1.1x |
| Thu, 07 Jul 2022 | ر.س21.4b | ر.س20.9b | -ر.س572,504,628.00 | 37.8x | -37.4x | 1x |
| Sat, 04 Jun 2022 | ر.س24.2b | ر.س21.0b | -ر.س568,789,628.00 | 41.6x | -42.6x | 1.2x |
| Mon, 02 May 2022 | ر.س25.6b | ر.س20.4b | -ر.س408,499,314.00 | 32.4x | -62.5x | 1.3x |
| Wed, 30 Mar 2022 | ر.س27.0b | ر.س20.5b | -ر.س226,019,515.00 | 33.9x | -119.4x | 1.3x |
| Fri, 25 Feb 2022 | ر.س29.1b | ر.س20.1b | ر.س100.0m | 43.6x | 291.2x | 1.5x |
| Sun, 23 Jan 2022 | ر.س30.1b | ر.س20.1b | ر.س101.0m | 46.6x | 298.1x | 1.5x |
| Tue, 21 Dec 2021 | ر.س29.9b | ر.س20.1b | ر.س101.0m | 48.6x | 295.6x | 1.5x |
| Thu, 18 Nov 2021 | ر.س30.9b | ر.س20.0b | ر.س173.1m | 62.3x | 178.7x | 1.5x |
| Sat, 16 Oct 2021 | ر.س32.1b | ر.س19.7b | ر.س392.3m | 53.4x | 81.9x | 1.6x |
| Mon, 13 Sep 2021 | ر.س34.4b | ر.س19.7b | ر.س392.3m | 57.4x | 87.8x | 1.7x |
| Wed, 11 Aug 2021 | ر.س34.9b | ر.س19.7b | ر.س392.3m | 60.2x | 89x | 1.8x |
| Sun, 06 Jun 2021 | ر.س32.1b | ر.س18.9b | ر.س835.6m | 34x | 38.4x | 1.7x |
Price to Earnings Ratio
38.4x
Current Industry PE
- Investors are pessimistic on the Saudi Multi-line 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 24.3x which is lower than its 3-year average PE of 58.1x.
- The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the Multi-line Insurance industry have grown 38% per year over the last three years.
- Revenues for these companies have grown 22% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Saudi Arabian General Insurance compare with similar industries?
| SA Market | -2.97% | |
| Financials | -4.19% | |
| Insurance | -4.29% | |
| General Insurance | -3.37% | |
| Reinsurance | 0.81% | |
| Insurance Brokers | 0% | |
| Property and Casualty Insurance | -2.07% | |
| Life and Health Insurance | -6.12% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
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.س152.60 | 4.2% +ر.س620.0m | 230.6% | PE46.5x | |
| 8030 Mediterranean and Gulf Cooperative Insurance and Reinsurance | ر.س27.40 | 5.6% +ر.س152.3m | 193.7% | PE15x | |
| 8012 Aljazira Takaful Taawuni | ر.س18.06 | 1.9% +ر.س22.4m | 11.7% | PE26.9x | |
| 8250 Gulf Insurance Group | ر.س29.25 | 1.2% +ر.س18.4m | 6.8% | PE40.4x | |
| 8240 Chubb Arabia Cooperative Insurance | ر.س33.00 | 1.1% +ر.س10.5m | 63.4% | PE37.4x |