Tadawul-listed insurance firms trade at a price/earnings ratio (P/E) of 105 times (105x) based on their net income trailing 12 months (TTM), according to an analysis conducted by Argaam Research.
The combined market cap of insurance firms neared SAR 103 billion based on the closing price of April 30. Insurance players reported combined profits of SAR 981.1 million for 2014.
|
Price/Earnings (TTM) |
|
|
105 |
Insurance sector |
|
20.2 |
Saudi Market |
|
103 |
Insurance sector’s market capitalization (SAR bln) |
|
981.1 |
Combined profit (SAR mln) |
Four companies only trade at a P/E of less than 25x. Tawuniya trades at 14.63x, followed by SAICO (19.04x), Walaa (23.43x) and Bupa Arabia (24.84x).
The book value (BV) of 23 companies is higher than the par value (SAR 10 per share), led by Bupa with a BV of SAR 26.79. Meanwhile, the BV of other 23 firms is less than the par value, according to Argaam.
|
Book Value |
|||
|
Book Value (SAR) |
No. of shares mln |
Shareholders’ equity (SAR mln) |
Company |
|
26.79 |
40.0 |
1,071.7 |
Bupa Arabia |
|
20.10 |
100.0 |
2,009.9 |
Tawuniya |
|
18.52 |
10.0 |
185.2 |
ACE |
|
13.20 |
25.0 |
330.1 |
Sagr Insurance |
|
12.48 |
20.0 |
249.6 |
Arabian Shield |
|
11.37 |
100.0 |
1,137.2 |
MedGulf |
|
11.13 |
16.7 |
185.6 |
NCB Takaful |
|
10.54 |
34.0 |
358.2 |
SABB Takaful |
|
10.41 |
20.0 |
208.1 |
Gulf General |
|
10.22 |
45.0 |
459.9 |
AXA |
|
10.22 |
35.0 |
357.7 |
Jazira Takaful |
|
9.51 |
20.0 |
190.2 |
Allaienz SF |
|
8.88 |
27.5 |
244.2 |
Trade Union |
|
8.74 |
30.0 |
262.3 |
Malath |
|
8.10 |
20.0 |
162.0 |
Walaa |
|
8.05 |
100.0 |
804.9 |
Saudi Re |
|
7.48 |
10.0 |
74.8 |
SAICO |
|
7.46 |
49.0 |
365.6 |
UCA |
|
7.13 |
10.0 |
71.3 |
Wataniya |
|
6.89 |
40.0 |
275.6 |
Al Alamiya |
|
6.44 |
17.5 |
112.7 |
ANB Insurance |
|
6.02 |
40.0 |
240.9 |
Enaya |
|
5.67 |
20.0 |
113.5 |
ACIG |
|
5.65 |
32.0 |
180.7 |
Al Ahlia |
|
5.32 |
22.0 |
117.1 |
Gulf Union |
|
4.20 |
20.0 |
83.9 |
Alinma Tokio M |
|
3.80 |
25.0 |
95.1 |
Buruj |
|
3.72 |
55.5 |
206.3 |
Solidarity |
|
3.36 |
10.0 |
33.6 |
Wafa |
|
3.29 |
20.0 |
65.8 |
AICC |
|
3.12 |
32.0 |
99.9 |
Amana |
|
2.92 |
10.0 |
29.2 |
Salama |
|
2.69 |
40.0 |
107.7 |
Al Rajhi Takaful |
|
1.96 |
20.0 |
39.2 |
Sanad |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}