Revenue Beat: Sahara International Petrochemical Company Beat Analyst Estimates By 7.2%
May 08
Saudi Arabian (Tadawul) Chemicals Industry Analysis
UpdatedMay 18, 2024
DataAggregated Company Financials
Companies15
- 7D0.2%
- 3M-1.1%
- 1Y-12.2%
- YTD-6.0%
Over the last 7 days, the Chemicals industry has remained flat, although notably Saudi Aramco Base Oil Company - Luberef declined by 5.6%. As for the longer term, the industry has declined 12% in the last year. Looking forward, earnings are forecast to grow by 55% annually.
Industry Valuation and Performance
Has the Saudi Arabian Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | ر.س419.6b | ر.س189.0b | ر.س5.0b | 44.5x | 83.9x | 2.2x |
| Tue, 16 Apr 2024 | ر.س448.9b | ر.س191.8b | ر.س5.1b | 56.3x | 88.2x | 2.3x |
| Thu, 14 Mar 2024 | ر.س421.6b | ر.س192.1b | ر.س5.0b | 37.5x | 84.9x | 2.2x |
| Sat, 10 Feb 2024 | ر.س421.3b | ر.س212.3b | ر.س9.3b | 24.3x | 45.3x | 2x |
| Mon, 08 Jan 2024 | ر.س441.2b | ر.س212.3b | ر.س9.3b | 26.7x | 47.5x | 2.1x |
| Wed, 06 Dec 2023 | ر.س429.4b | ر.س212.3b | ر.س9.3b | 25.1x | 46.2x | 2x |
| Fri, 03 Nov 2023 | ر.س424.2b | ر.س220.0b | ر.س10.3b | 45.6x | 41.1x | 1.9x |
| Sun, 01 Oct 2023 | ر.س448.2b | ر.س221.6b | ر.س10.9b | 48.9x | 41x | 2x |
| Tue, 29 Aug 2023 | ر.س469.8b | ر.س221.8b | ر.س11.0b | 38.3x | 42.6x | 2.1x |
| Thu, 27 Jul 2023 | ر.س468.0b | ر.س247.6b | ر.س22.2b | 25.9x | 21.1x | 1.9x |
| Sat, 24 Jun 2023 | ر.س471.4b | ر.س248.3b | ر.س22.5b | 26x | 21x | 1.9x |
| Mon, 22 May 2023 | ر.س477.2b | ر.س262.5b | ر.س29.2b | 17.1x | 16.4x | 1.8x |
| Wed, 19 Apr 2023 | ر.س476.6b | ر.س267.7b | ر.س33.0b | 16.7x | 14.5x | 1.8x |
| Fri, 17 Mar 2023 | ر.س445.6b | ر.س269.9b | ر.س36.6b | 12.7x | 12.2x | 1.7x |
| Sun, 12 Feb 2023 | ر.س467.2b | ر.س278.4b | ر.س42.6b | 13.1x | 11x | 1.7x |
| Tue, 10 Jan 2023 | ر.س476.6b | ر.س278.4b | ر.س42.6b | 13.2x | 11.2x | 1.7x |
| Thu, 08 Dec 2022 | ر.س408.4b | ر.س269.3b | ر.س41.2b | 13.2x | 9.9x | 1.5x |
| Sat, 05 Nov 2022 | ر.س445.7b | ر.س269.0b | ر.س41.6b | 13.5x | 10.7x | 1.7x |
| Mon, 03 Oct 2022 | ر.س468.6b | ر.س264.4b | ر.س46.6b | 14.1x | 10.1x | 1.8x |
| Wed, 31 Aug 2022 | ر.س533.1b | ر.س264.4b | ر.س46.6b | 15.4x | 11.4x | 2x |
| Fri, 29 Jul 2022 | ر.س486.1b | ر.س244.5b | ر.س45.0b | 11.8x | 10.8x | 2x |
| Sun, 26 Jun 2022 | ر.س500.1b | ر.س244.5b | ر.س45.0b | 12.2x | 11.1x | 2x |
| Tue, 24 May 2022 | ر.س580.7b | ر.س243.9b | ر.س45.0b | 13.3x | 12.9x | 2.4x |
| Thu, 21 Apr 2022 | ر.س668.5b | ر.س223.9b | ر.س42.4b | 16.5x | 15.8x | 3x |
| Sat, 19 Mar 2022 | ر.س658.7b | ر.س223.4b | ر.س41.0b | 16.2x | 16.1x | 2.9x |
| Mon, 14 Feb 2022 | ر.س623.5b | ر.س221.2b | ر.س39.4b | n/a | 15.8x | 2.8x |
| Wed, 12 Jan 2022 | ر.س609.1b | ر.س205.4b | ر.س34.0b | 16.5x | 17.9x | 3x |
| Fri, 10 Dec 2021 | ر.س575.4b | ر.س205.4b | ر.س34.0b | 15.9x | 16.9x | 2.8x |
| Sun, 07 Nov 2021 | ر.س641.6b | ر.س205.4b | ر.س34.0b | 18.3x | 18.9x | 3.1x |
| Tue, 05 Oct 2021 | ر.س641.2b | ر.س193.6b | ر.س26.0b | 21.6x | 24.6x | 3.3x |
| Thu, 02 Sep 2021 | ر.س594.0b | ر.س193.6b | ر.س26.0b | 20.3x | 22.8x | 3.1x |
| Sat, 31 Jul 2021 | ر.س594.3b | ر.س193.6b | ر.س26.0b | 20.9x | 22.8x | 3.1x |
Price to Earnings Ratio
53.2x
Current Industry PE
- Investors are optimistic on the Saudi Chemicals industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 83.9x which is higher than its 3-year average PE of 26.7x.
- The industry is trading close to its 3-year average PS ratio of 2.3x.
Past Earnings Growth
- The earnings for companies in the Chemicals industry have declined 23% per year over the last three years.
- Meanwhile revenues for these companies have grown 3.9% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Saudi Arabian Materials industry?
| SA Market | -0.47% | |
| Materials | -0.33% | |
| Chemicals | 0.20% | |
| Fertilizers and Agricultural Chemicals | 1.61% | |
| Commodity Chemicals | 0.021% | |
| Specialty Chemicals | 0% | |
| Industrial Gases | 0% | |
| Diversified Chemicals | -4.16% | |
Industry PE
- Investors are most optimistic about the Commodity Chemicals industry which is trading above its 3-year average PE ratio of 43.5x.
- Analysts are expecting annual earnings growth of 62.7%, which is higher than its past year's earnings decline of 56.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 63% over the next 5 years.
- This is better than its past earnings decline of 56% per year.
- In contrast, the Fertilizers and Agricultural Chemicals industry is expected to see its earnings grow by 3.2% 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 | |
|---|---|---|---|---|---|
| 2010 Saudi Basic Industries | ر.س80.90 | 1.1% +ر.س2.7b | -11.3% | PE212.2x | |
| 2020 SABIC Agri-Nutrients | ر.س113.40 | 1.6% +ر.س856.9m | -12.6% | PE15.3x | |
| 2250 Saudi Industrial Investment Group | ر.س22.48 | 1.1% +ر.س181.2m | -11.0% | PE44.5x | |
| 2290 Yanbu National Petrochemical | ر.س37.85 | 0.5% +ر.س112.5m | -11.7% | PS4.1x | |
| 9552 Saudi Top for Trading | ر.س6.50 | 1.6% +ر.س4.0m | -30.6% | n/a |