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Saudi Arabian (Tadawul) Tech Sector Analysis

UpdatedJun 08, 2023
DataAggregated Company Financials
  • 7D18.9%
  • 3M41.3%
  • 1Y68.2%
  • YTD53.1%

Over the last 7 days, the Tech industry has risen 19%, driven by gains from Elm of 26%. Meanwhile, Perfect Presentation for Commercial Services actually underperformed within the industry, shrinking 90% in the last week. In the last 12 months, the industry was up 68%. Earnings are forecast to grow by 13% annually.

Sector Valuation and Performance

Has the Saudi Arabian Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 08 Jun 2023ر.س96.1bر.س17.2bر.س2.4b30.4x39.2x5.6x
Sat, 06 May 2023ر.س76.9bر.س16.2bر.س2.3b27.7x33.3x4.8x
Mon, 03 Apr 2023ر.س73.5bر.س16.1bر.س2.2b26.5x33.3x4.6x
Wed, 01 Mar 2023ر.س67.3bر.س15.8bر.س2.1b27.6x32x4.3x
Fri, 27 Jan 2023ر.س63.5bر.س15.8bر.س2.1b25x30.4x4x
Sun, 25 Dec 2022ر.س62.4bر.س15.8bر.س2.1b27.2x30.1x4x
Tue, 22 Nov 2022ر.س59.3bر.س15.8bر.س2.1b26.5x28.6x3.8x
Thu, 20 Oct 2022ر.س62.1bر.س14.4bر.س1.8b31.9x34.5x4.3x
Sat, 17 Sep 2022ر.س62.5bر.س14.4bر.س1.8b34.3x34.9x4.3x
Mon, 15 Aug 2022ر.س56.0bر.س13.9bر.س1.7b37.6x33.2x4x
Wed, 13 Jul 2022ر.س49.4bر.س13.5bر.س1.7b32.7x29.7x3.7x
Fri, 10 Jun 2022ر.س53.9bر.س13.3bر.س1.6b39.1x32.8x4x
Sun, 08 May 2022ر.س56.2bر.س13.0bر.س1.6b37.7x35.8x4.3x
Tue, 05 Apr 2022ر.س48.1bر.س12.8bر.س1.5b34.4x31.9x3.8x
Thu, 03 Mar 2022ر.س45.1bر.س12.5bر.س1.5b40.1x30.1x3.6x
Sat, 29 Jan 2022ر.س29.8bر.س8.5bر.س866.5m53.7x34.4x3.5x
Mon, 27 Dec 2021ر.س27.2bر.س8.5bر.س866.5mn/a31.4x3.2x
Wed, 24 Nov 2021ر.س28.8bر.س8.5bر.س866.5m49.6x33.2x3.4x
Fri, 22 Oct 2021ر.س30.1bر.س8.5bر.س847.2m42.2x35.6x3.6x
Sun, 19 Sep 2021ر.س5.8bر.س975.0mر.س72.2m55.9x79.8x5.9x
Tue, 17 Aug 2021ر.س5.6bر.س975.0mر.س72.2m53.2x77.1x5.7x
Tue, 01 Jun 2021ر.س3.7bر.س1.0bر.س75.0m30.6x49x3.5x
Fri, 05 Mar 2021ر.س3.8bر.س1.0bر.س74.5m29x50.4x3.6x
Mon, 07 Dec 2020ر.س2.6bر.س1.1bر.س113.2m43.7x23.1x2.3x
Thu, 10 Sep 2020ر.س1.9bر.س1.1bر.س110.0m25.5x17x1.7x
Price to Earnings Ratio


Total Market Cap: ر.س1.3bTotal Earnings: ر.س110.0mTotal Revenue: ر.س1.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Saudi Arabian Tech Sector Price to Earnings3Y Average 36.2x202120222023
Current Industry PE
  • Investors are optimistic on the Saudi Information Technology industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 39.2x which is higher than its 3-year average PE of 36.2x.
  • The 3-year average PS ratio of 3.6x is lower than the industry's current PS ratio of 5.6x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 181% per year over the last three years.
  • Revenues for these companies have grown 148% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Saudi Arabian Tech sector?

SA Market3.00%
Tech Hardware0%
Electronic Equipment and Components0%
Industry PE
  • Investors are most optimistic about the IT industry which is trading above its 3-year average PE ratio of 29.8x.
    • Analysts are expecting annual earnings growth of 13.4%, which is lower than the prior year's growth of 49.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the IT industry, expecting annual earnings growth of 13% over the next 5 years.
  • However this is lower than its past earnings growth rate of 50% per year.
  • In contrast, the IT industry is expected to see its earnings grow by 13% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
7203 Elmر.س558.0025.8%
7202 Arabian Internet and Communication Servicesر.س336.0015.5%
7200 Al Moammar Information Systemsر.س150.6011.4%
7201 Arab Sea Information Systemsر.س88.506.1%
9534 Saudi Azm for Communication and Information Technologyر.س240.004.3%
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