Arabian Internet and Communication Services Company's (TADAWUL:7202) Business Is Trailing The Market But Its Shares Aren't
Dec 13
Have your own idea? Try our Stock Screener
Saudi Arabian (Tadawul) Tech Sector Analysis
UpdatedDec 20, 2024
DataAggregated Company Financials
Companies15
- 7D-0.8%
- 3M4.5%
- 1Y21.1%
- YTD17.5%
The Tech is pretty flat in the last 7 days, but Saudi Azm for Communication and Information Technology has stood out, gaining 9.2%. The past year has been better, since the industry has gained 24% in that time. Looking forward, earnings are forecast to grow by 16% annually.
Sector Valuation and Performance
Has the Saudi Arabian Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 20 Dec 2024 | ر.س136.7b | ر.س22.1b | ر.س3.5b | 38.2x | 39.1x | 6.2x |
| Sun, 17 Nov 2024 | ر.س133.0b | ر.س22.2b | ر.س3.4b | 30.8x | 38.9x | 6x |
| Tue, 15 Oct 2024 | ر.س132.3b | ر.س21.9b | ر.س3.2b | 28.5x | 41.7x | 6.1x |
| Thu, 12 Sep 2024 | ر.س126.7b | ر.س21.8b | ر.س3.2b | 29.3x | 40x | 5.8x |
| Sat, 10 Aug 2024 | ر.س117.8b | ر.س21.8b | ر.س3.1b | 33.4x | 37.5x | 5.4x |
| Mon, 08 Jul 2024 | ر.س113.9b | ر.س21.3b | ر.س2.9b | 32.1x | 39x | 5.4x |
| Wed, 05 Jun 2024 | ر.س113.2b | ر.س21.0b | ر.س2.9b | 35.1x | 39.2x | 5.4x |
| Fri, 03 May 2024 | ر.س128.1b | ر.س20.7b | ر.س2.8b | 39.5x | 45.9x | 6.2x |
| Sun, 31 Mar 2024 | ر.س133.6b | ر.س20.6b | ر.س2.9b | 37.2x | 46.9x | 6.5x |
| Tue, 27 Feb 2024 | ر.س133.7b | ر.س19.8b | ر.س2.8b | 38.1x | 48.3x | 6.8x |
| Thu, 25 Jan 2024 | ر.س124.1b | ر.س19.8b | ر.س2.8b | 31.6x | 44.9x | 6.3x |
| Sat, 23 Dec 2023 | ر.س112.6b | ر.س19.8b | ر.س2.8b | 29.6x | 40.7x | 5.7x |
| Mon, 20 Nov 2023 | ر.س105.1b | ر.س19.6b | ر.س2.9b | 26.4x | 36.8x | 5.4x |
| Wed, 18 Oct 2023 | ر.س103.6b | ر.س18.4b | ر.س2.7b | 28.9x | 38.2x | 5.6x |
| Fri, 15 Sep 2023 | ر.س105.6b | ر.س18.4b | ر.س2.7b | 26.7x | 38.9x | 5.7x |
| Sun, 13 Aug 2023 | ر.س103.9b | ر.س18.1b | ر.س2.7b | 30.8x | 38.5x | 5.7x |
| Tue, 11 Jul 2023 | ر.س97.2b | ر.س17.2b | ر.س2.4b | 30.8x | 39.7x | 5.7x |
| Thu, 08 Jun 2023 | ر.س96.1b | ر.س17.2b | ر.س2.4b | 30.4x | 39.2x | 5.6x |
| Sat, 06 May 2023 | ر.س76.9b | ر.س16.2b | ر.س2.3b | 27.7x | 33.3x | 4.8x |
| Mon, 03 Apr 2023 | ر.س73.5b | ر.س16.1b | ر.س2.2b | 26.5x | 33.3x | 4.6x |
| Wed, 01 Mar 2023 | ر.س67.3b | ر.س15.8b | ر.س2.1b | 27.6x | 32x | 4.3x |
| Fri, 27 Jan 2023 | ر.س63.5b | ر.س15.8b | ر.س2.1b | 25x | 30.4x | 4x |
| Sun, 25 Dec 2022 | ر.س62.4b | ر.س15.8b | ر.س2.1b | 27.2x | 30.1x | 4x |
| Tue, 22 Nov 2022 | ر.س59.3b | ر.س15.8b | ر.س2.1b | 26.5x | 28.6x | 3.8x |
| Thu, 20 Oct 2022 | ر.س62.1b | ر.س14.4b | ر.س1.8b | 31.9x | 34.5x | 4.3x |
| Sat, 17 Sep 2022 | ر.س62.5b | ر.س14.4b | ر.س1.8b | 34.3x | 34.9x | 4.3x |
| Mon, 15 Aug 2022 | ر.س56.0b | ر.س13.9b | ر.س1.7b | 37.6x | 33.2x | 4x |
| Wed, 13 Jul 2022 | ر.س49.4b | ر.س13.5b | ر.س1.7b | 32.7x | 29.7x | 3.7x |
| Fri, 10 Jun 2022 | ر.س53.9b | ر.س13.3b | ر.س1.6b | 39.1x | 32.8x | 4x |
| Sun, 08 May 2022 | ر.س56.2b | ر.س13.0b | ر.س1.6b | 37.7x | 35.8x | 4.3x |
| Tue, 05 Apr 2022 | ر.س48.1b | ر.س12.8b | ر.س1.5b | 34.4x | 31.9x | 3.8x |
| Thu, 03 Mar 2022 | ر.س45.1b | ر.س12.5b | ر.س1.5b | 40.1x | 30.1x | 3.6x |
| Sat, 29 Jan 2022 | ر.س29.8b | ر.س8.5b | ر.س866.5m | 53.7x | 34.4x | 3.5x |
| Mon, 27 Dec 2021 | ر.س27.2b | ر.س8.5b | ر.س866.5m | n/a | 31.4x | 3.2x |
Price to Earnings Ratio
31.4x
Current Industry PE
- Investors are relatively neutral on the Saudi Information Technology industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 37.0x.
- The 3-year average PS ratio of 5.0x is lower than the industry's current PS ratio of 6.2x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 59% per year over the last three years.
- Revenues for these companies have grown 37% 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 Market | 0.27% | |
| Tech | -0.81% | |
| Communications | 0% | |
| Tech Hardware | 0% | |
| Electronic Equipment and Components | 0% | |
| Semiconductors | 0% | |
| IT | -0.80% | |
| Software | -2.28% | |
Industry PE
- Investors are most optimistic about the IT industry, which is trading close to its 3-year average PE ratio of 36.5x.
- Analysts are expecting annual earnings growth of 15.9%, which is lower than the prior year's growth of 18.9% per year.
Forecasted Growth
- Analysts are most optimistic on the IT industry, expecting annual earnings growth of 16% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the IT industry is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|
| 9534 Saudi Azm for Communication and Information Technology | ر.س32.75 | 9.2% +ر.س165.0m | 207.2% | PE70.3x | |
| 9557 Edarat Communication and Information Technology | ر.س680.00 | 6.1% +ر.س98.1m | 288.6% | PE82.7x | |
| 9550 Sure Global Tech | ر.س90.00 | 1.8% +ر.س12.1m | 133.8% | PE23.5x |
