Taiba Investment's (TADAWUL:4090) Sluggish Earnings Might Be Just The Beginning Of Its Problems
Apr 09
Saudi Arabian (Tadawul) Real Estate Sector Analysis
UpdatedMay 30, 2024
DataAggregated Company Financials
Companies35
- 7D-3.1%
- 3M-4.8%
- 1Y0.1%
- YTD4.7%
Over the last 7 days, the Real Estate industry has dropped 3.1%, driven by a pullback from Jabal Omar Development of 5.1%. Over the last year, the industry has been flat overall. As for the next few years, earnings are expected to grow by 3.7% per annum.
Sector Valuation and Performance
Has the Saudi Arabian Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 30 May 2024 | ر.س130.4b | ر.س18.4b | ر.س3.3b | 25.1x | 39.9x | 7.1x |
| Sat, 27 Apr 2024 | ر.س144.8b | ر.س17.1b | ر.س3.4b | 25.3x | 42x | 8.5x |
| Mon, 25 Mar 2024 | ر.س149.1b | ر.س16.0b | ر.س2.9b | 28x | 50.8x | 9.3x |
| Wed, 21 Feb 2024 | ر.س131.4b | ر.س15.9b | ر.س2.8b | 26x | 47.6x | 8.3x |
| Fri, 19 Jan 2024 | ر.س119.7b | ر.س15.9b | ر.س2.8b | 24.4x | 43.3x | 7.5x |
| Sun, 17 Dec 2023 | ر.س118.5b | ر.س15.8b | ر.س2.7b | 23.3x | 43.2x | 7.5x |
| Tue, 14 Nov 2023 | ر.س110.0b | ر.س16.0b | ر.س2.1b | 22.5x | 52.7x | 6.9x |
| Thu, 12 Oct 2023 | ر.س111.0b | ر.س16.0b | ر.س2.1b | 22x | 51.7x | 7x |
| Sat, 09 Sep 2023 | ر.س121.4b | ر.س15.9b | ر.س2.3b | 24.1x | 53x | 7.6x |
| Mon, 07 Aug 2023 | ر.س130.2b | ر.س15.2b | ر.س1.9b | 22.3x | 70.1x | 8.6x |
| Wed, 05 Jul 2023 | ر.س126.3b | ر.س15.0b | ر.س1.8b | 22.2x | 68.7x | 8.4x |
| Fri, 02 Jun 2023 | ر.س123.6b | ر.س14.1b | ر.س772.6m | 22.4x | 159.9x | 8.7x |
| Sun, 30 Apr 2023 | ر.س124.0b | ر.س14.9b | ر.س845.6m | 22.5x | 146.6x | 8.3x |
| Tue, 28 Mar 2023 | ر.س113.5b | ر.س14.2b | ر.س2.3b | 23.5x | 49x | 8x |
| Thu, 23 Feb 2023 | ر.س106.4b | ر.س14.3b | ر.س2.4b | 23.7x | 44.3x | 7.4x |
| Sat, 21 Jan 2023 | ر.س105.4b | ر.س14.3b | ر.س2.4b | 23.7x | 43.9x | 7.4x |
| Mon, 19 Dec 2022 | ر.س105.0b | ر.س14.3b | ر.س2.4b | 24.2x | 44.2x | 7.3x |
| Wed, 16 Nov 2022 | ر.س111.6b | ر.س14.0b | ر.س2.3b | 25.1x | 47.7x | 7.9x |
| Fri, 14 Oct 2022 | ر.س120.6b | ر.س13.5b | ر.س1.6b | 27.3x | 73.2x | 9x |
| Sun, 11 Sep 2022 | ر.س120.3b | ر.س13.3b | ر.س1.4b | 26.7x | 84.7x | 9.1x |
| Tue, 09 Aug 2022 | ر.س117.7b | ر.س12.4b | ر.س1.7b | 25.3x | 68.6x | 9.5x |
| Thu, 07 Jul 2022 | ر.س110.3b | ر.س12.3b | ر.س1.8b | 25x | 61.7x | 9x |
| Sat, 04 Jun 2022 | ر.س122.2b | ر.س10.4b | ر.س1.5b | 28.3x | 83.7x | 11.7x |
| Mon, 02 May 2022 | ر.س123.4b | ر.س9.1b | ر.س1.1b | 29.1x | 116.5x | 13.5x |
| Wed, 30 Mar 2022 | ر.س123.1b | ر.س8.3b | -ر.س1,098,418,291.00 | 31x | -112.1x | 14.8x |
| Fri, 25 Feb 2022 | ر.س117.6b | ر.س8.3b | -ر.س1,045,784,100.00 | 31.1x | -112.5x | 14.1x |
| Sun, 23 Jan 2022 | ر.س121.6b | ر.س8.2b | -ر.س1,165,522,177.00 | 35.7x | -104.3x | 14.8x |
| Tue, 21 Dec 2021 | ر.س119.4b | ر.س8.3b | -ر.س1,138,468,368.00 | 35.2x | -104.9x | 14.5x |
| Thu, 18 Nov 2021 | ر.س123.2b | ر.س8.2b | -ر.س1,129,500,039.00 | 36.2x | -109x | 15x |
| Sat, 16 Oct 2021 | ر.س123.4b | ر.س7.9b | -ر.س1,251,077,778.00 | 36.2x | -98.6x | 15.6x |
| Mon, 13 Sep 2021 | ر.س125.3b | ر.س7.9b | -ر.س1,245,004,900.00 | 37.2x | -100.6x | 15.8x |
| Wed, 11 Aug 2021 | ر.س119.3b | ر.س7.4b | -ر.س1,358,098,224.00 | 35.6x | -87.8x | 16.1x |
| Sun, 06 Jun 2021 | ر.س114.9b | ر.س7.2b | -ر.س2,068,936,267.00 | 38.2x | -55.5x | 15.9x |
Price to Earnings Ratio
-55.5x
Current Industry PE
- Investors are optimistic on the Saudi Real Estate industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 39.9x which is higher than its 3-year average PE of 17.8x.
- The 3-year average PS ratio of 10.5x is higher than the industry's current PS ratio of 7.1x.
Past Earnings Growth
- Total earnings for the Real Estate industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 37% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Saudi Arabian Real Estate sector?
| SA Market | -3.43% | |
| Real Estate | -3.11% | |
| Retail REITs | 0.20% | |
| Residential REITs | 0% | |
| Industrial REITs | 0% | |
| Health Care REITs | 0% | |
| Office REITs | 0% | |
| Specialized REITs | -0.39% | |
| REITS | -0.73% | |
| Hotel and Resort REITs | -0.89% | |
| Real Estate | -3.41% | |
Industry PE
- Investors are most optimistic about the REITS industry even though it's trading below its 3-year average PE ratio of 111x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 3.7% over the next 5 years.
- In contrast, the Real Estate industry is expected to see its earnings grow by 3.7% 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 | |
|---|---|---|---|---|---|
| 9519 Banan Real Estate | ر.س5.98 | 2.2% +ر.س26.0m | -6.6% | PE47.2x | |
| 4333 Taleem REIT Fund | ر.س10.30 | 0.8% +ر.س4.1m | -8.2% | PB1x | |
| 4335 Musharaka REIT Fund | ر.س4.99 | 0.2% +ر.س880.0k | -34.3% | PB0.5x |