2381.SR
Hot AirArabian Drilling Company · Energy · Saudi Arabia · $2.2B cap · $3.0M/day traded
SAR 92.85 +1.9% · close 5 Nov · scored 7 Nov
Hot Air: Strong momentum and nothing else: weak business, rich price.
As of 7 Nov 2026, the MoatMap Score for Arabian Drilling Company (2381.SR) is 36/100, ranked against 25,000+ stocks in 38 markets (Quality 27, Value 30, Momentum 72, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
ABOUT ARABIAN DRILLING COMPANY
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Arabian Drilling Company operates as an onshore and offshore gas and oil rig drilling company in Saudi Arabia.
FINANCIAL SUMMARY (SAR)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.7B | 3.5B | 3.6B | 3.4B | 8.3% | 3.4B | 3.4B | 4.2B | 10.2% |
| EPS (SAR) | 6.85 | 6.79 | 3.61 | -0.85 | -27.4% | -2.12 | — | — | — |
| Shares | 89.0M | 89.0M | 89.0M | 89.0M | 0.0% | 89.0M | — | — | — |
| Debt | 2.7B | 3.2B | 3.0B | 3.0B | 3.7% | 3.0B | — | — | — |
| Equity | 5.6B | 6.0B | 5.9B | 5.7B | 0.9% | — | — | — | — |
| Op CF | 1.2B | 1.4B | 1.7B | 1.1B | -4.0% | 1.2B | — | — | — |
| Inv CF | -2.7B | -789.3M | -1.9B | -715.5M | — | — | — | — | — |
| Fin CF | 1.9B | 32.6M | -739.6M | -370.4M | — | — | — | — | — |
No clear trend: not near its 52-week low, and not in a steady uptrend.
Calmer than 69% of stocks we rank over the past year (volatility 32% a year).
How this is worked out
The MoatMap Score weighs the business, its price and its trend. The price check reads only the chart: the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Energy, ranked by industry match, size, and score similarity. Cross-listings of 2381.SR are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| 2381.SR | Arabian Drilling Company(you) | $2.2B | 36 |
| 2382.SR | ADES Holding Company | $5.0B | 33 |
| 2080.SR | National Gas and Industrialization Company | $1.2B | 43 |
| 4146.SR | Gas Arabian Services Company | $567M | 63 |
| 2223.SR | Saudi Aramco Base Oil Company - Luberef | $5.1B | 85 |
| 2380.SR | Rabigh Refining and Petrochemical Company | $8.5B | 83 |
| 2222.SR | Saudi Arabian Oil Company | $1.7T | 86 |
Peer medians: ROE 27.4% · P/E 13.9x · Gross margin 17.2%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.