These Analysts Just Made A Notable Downgrade To Their Advanced Petrochemical Company (TADAWUL:2330) EPS Forecasts
May 30
Saudi Arabian (Tadawul) Commodity Chemicals Industry Analysis
UpdatedMay 30, 2024
DataAggregated Company Financials
Companies12
- 7D-3.1%
- 3M-5.4%
- 1Y-14.7%
- YTDn/a
Over the last 7 days, the Commodity Chemicals industry has dropped 3.1%, driven by a pullback from Saudi Basic Industries of 3.2%. Overall the industry is down 15% in 12 months. Looking forward, earnings are forecast to grow by 63% annually.
Industry Valuation and Performance
Has the Saudi Arabian Commodity Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 30 May 2024 | ر.س341.9b | ر.س176.4b | ر.س1.5b | 42x | 221.4x | 1.9x |
| Sat, 27 Apr 2024 | ر.س358.1b | ر.س179.3b | ر.س1.6b | 51.2x | 223.7x | 2x |
| Mon, 25 Mar 2024 | ر.س358.9b | ر.س179.6b | ر.س1.7b | 55.4x | 207.4x | 2x |
| Wed, 21 Feb 2024 | ر.س362.6b | ر.س198.5b | ر.س4.6b | 37x | 79.6x | 1.8x |
| Fri, 19 Jan 2024 | ر.س350.2b | ر.س198.5b | ر.س4.6b | 33.4x | 76.8x | 1.8x |
| Sun, 17 Dec 2023 | ر.س358.1b | ر.س198.5b | ر.س4.6b | 33.5x | 78.6x | 1.8x |
| Tue, 14 Nov 2023 | ر.س354.9b | ر.س198.7b | ر.س4.7b | 33.6x | 74.9x | 1.8x |
| Thu, 12 Oct 2023 | ر.س364.5b | ر.س206.1b | ر.س4.9b | 46.1x | 75.1x | 1.8x |
| Sat, 09 Sep 2023 | ر.س400.7b | ر.س206.1b | ر.س4.9b | 49x | 82.6x | 1.9x |
| Mon, 07 Aug 2023 | ر.س394.6b | ر.س223.1b | ر.س11.7b | 25.3x | 33.7x | 1.8x |
| Wed, 05 Jul 2023 | ر.س412.4b | ر.س229.6b | ر.س13.9b | 25x | 29.6x | 1.8x |
| Fri, 02 Jun 2023 | ر.س401.9b | ر.س230.6b | ر.س14.5b | 24.7x | 27.7x | 1.7x |
| Sun, 30 Apr 2023 | ر.س412.8b | ر.س246.9b | ر.س22.7b | 19.7x | 18.2x | 1.7x |
| Tue, 28 Mar 2023 | ر.س398.8b | ر.س248.6b | ر.س25.8b | 14.8x | 15.5x | 1.6x |
| Thu, 23 Feb 2023 | ر.س403.4b | ر.س257.8b | ر.س31.7b | 13.1x | 12.7x | 1.6x |
| Sat, 21 Jan 2023 | ر.س412.9b | ر.س257.8b | ر.س31.7b | 13.6x | 13x | 1.6x |
| Mon, 19 Dec 2022 | ر.س350.5b | ر.س248.6b | ر.س30.2b | 14.6x | 11.6x | 1.4x |
| Wed, 16 Nov 2022 | ر.س361.5b | ر.س248.6b | ر.س30.2b | 16.5x | 12x | 1.5x |
| Fri, 14 Oct 2022 | ر.س391.3b | ر.س245.9b | ر.س36.7b | 14.7x | 10.7x | 1.6x |
| Sun, 11 Sep 2022 | ر.س419.8b | ر.س245.9b | ر.س36.7b | 14.6x | 11.5x | 1.7x |
| Tue, 09 Aug 2022 | ر.س441.2b | ر.س231.8b | ر.س36.6b | 15.9x | 12.1x | 1.9x |
| Thu, 07 Jul 2022 | ر.س423.4b | ر.س230.1b | ر.س37.3b | 13.7x | 11.3x | 1.8x |
| Sat, 04 Jun 2022 | ر.س485.6b | ر.س230.0b | ر.س37.3b | 13.6x | 13x | 2.1x |
| Mon, 02 May 2022 | ر.س580.1b | ر.س213.4b | ر.س37.4b | 16.5x | 15.5x | 2.7x |
| Wed, 30 Mar 2022 | ر.س586.2b | ر.س212.3b | ر.س35.5b | 16.8x | 16.5x | 2.8x |
| Fri, 25 Feb 2022 | ر.س526.5b | ر.س210.3b | ر.س34.0b | 15.6x | 15.5x | 2.5x |
| Sun, 23 Jan 2022 | ر.س551.3b | ر.س197.7b | ر.س31.2b | 16.4x | 17.7x | 2.8x |
| Tue, 21 Dec 2021 | ر.س500.7b | ر.س197.7b | ر.س31.2b | 15.3x | 16.1x | 2.5x |
| Thu, 18 Nov 2021 | ر.س553.3b | ر.س197.7b | ر.س31.2b | 15.1x | 17.8x | 2.8x |
| Sat, 16 Oct 2021 | ر.س592.3b | ر.س187.4b | ر.س24.2b | 21.4x | 24.5x | 3.2x |
| Mon, 13 Sep 2021 | ر.س534.3b | ر.س187.4b | ر.س24.2b | 20.3x | 22.1x | 2.9x |
| Wed, 11 Aug 2021 | ر.س534.0b | ر.س187.4b | ر.س24.2b | 20.1x | 22x | 2.8x |
| Sun, 06 Jun 2021 | ر.س534.1b | ر.س163.1b | ر.س9.8b | 36x | 54.6x | 3.3x |
Price to Earnings Ratio
54.6x
Current Industry PE
- Investors are optimistic on the Saudi Commodity Chemicals industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 221x which is higher than its 3-year average PE of 45.5x.
- The industry is trading close to its 3-year average PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Commodity Chemicals industry have declined 46% per year over the last three years.
- Meanwhile revenues for these companies have grown 2.6% 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 Comparison
How does Saudi Arabian Commodity Chemicals compare with similar industries?
| SA Market | -3.43% | |
| Materials | -2.91% | |
| Chemicals | -3.24% | |
| Commodity Chemicals | -3.13% | |
| Specialty Chemicals | 0% | |
| Industrial Gases | 0% | |
| Diversified Chemicals | -2.89% | |
| Fertilizers and Agricultural Chemicals | -3.93% | |
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 | |
|---|---|---|---|---|---|
| 2330 Advanced Petrochemical | ر.س39.90 | 1.5% +ر.س155.1m | -8.7% | PE147.3x | |
| 2170 Alujain | ر.س40.65 | 4.1% +ر.س110.7m | -0.6% | PS1.9x |