GCC valuation database · industry averages from audited accounts

8.5 Spread

ROIC less WACC, in percentage points. Above zero, the industry earned more than its capital cost that year.

Saudi ArabiaSaudi Exchange (Tadawul)SAR

Percentage points · industry averages · FY2018 to FY2025

IndustryCompaniesFY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Telecom3+3.7pt+3.7pt+6.7pt+7.1pt+6.6pt+3.3pt+4.8pt+4.4pt
Mills4-1.4pt-0.7pt+2.3pt+5.8pt+9.6pt+6.9pt+9.2pt+7.6pt
Car Rental3–––+8.1pt+6.1pt+1.5pt+1.4pt+0.5pt
Manpower4–––+17.5pt+8.1pt+3.6pt+3.5pt+7.7pt
Dairy–––––––––
Pharma–––––––––

Spread = ROIC - WACC.

Industry averages from the companies' audited annual reports. A dash means the figure is not available yet.