Sure Global Tech (TADAWUL:9550) Looks To Prolong Its Impressive Returns
Nov 19
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Saudi Arabian (Tadawul) Tech Sector Analysis
UpdatedNov 20, 2024
DataAggregated Company Financials
Companies15
- 7D1.0%
- 3M3.5%
- 1Y26.7%
- YTD14.4%
Over the last 7 days, the Tech industry has risen 3.9%, driven by gains from Elm of 0.9%. In the last 12 months, the industry was up 27%. 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 |
|---|---|---|---|---|---|---|
| Wed, 20 Nov 2024 | ر.س133.2b | ر.س22.2b | ر.س3.4b | 32.9x | 38.9x | 6x |
| Fri, 18 Oct 2024 | ر.س129.3b | ر.س21.9b | ر.س3.2b | 29.8x | 40.8x | 5.9x |
| Sun, 15 Sep 2024 | ر.س126.4b | ر.س21.8b | ر.س3.2b | 30x | 39.9x | 5.8x |
| Tue, 13 Aug 2024 | ر.س121.9b | ر.س21.8b | ر.س3.2b | 27.8x | 38.4x | 5.6x |
| Thu, 11 Jul 2024 | ر.س114.5b | ر.س21.3b | ر.س2.9b | 32x | 39.2x | 5.4x |
| Sat, 08 Jun 2024 | ر.س110.2b | ر.س21.0b | ر.س2.9b | 34.9x | 38.2x | 5.2x |
| Mon, 06 May 2024 | ر.س128.1b | ر.س20.7b | ر.س2.8b | 39.6x | 45.9x | 6.2x |
| Wed, 03 Apr 2024 | ر.س131.0b | ر.س20.6b | ر.س2.9b | 36.8x | 45.9x | 6.4x |
| Fri, 01 Mar 2024 | ر.س139.9b | ر.س20.2b | ر.س2.7b | 37.6x | 51.2x | 6.9x |
| Sun, 28 Jan 2024 | ر.س123.4b | ر.س19.8b | ر.س2.8b | 31.7x | 44.6x | 6.2x |
| Tue, 26 Dec 2023 | ر.س115.5b | ر.س19.8b | ر.س2.8b | 30.6x | 41.8x | 5.8x |
| Thu, 23 Nov 2023 | ر.س105.4b | ر.س19.8b | ر.س2.8b | 29.7x | 38.1x | 5.3x |
| Sat, 21 Oct 2023 | ر.س104.5b | ر.س18.4b | ر.س2.7b | 29x | 38.5x | 5.7x |
| Mon, 18 Sep 2023 | ر.س105.4b | ر.س18.4b | ر.س2.7b | 27.8x | 38.9x | 5.7x |
| Wed, 16 Aug 2023 | ر.س107.1b | ر.س18.2b | ر.س2.7b | 29.9x | 39.7x | 5.9x |
| Fri, 14 Jul 2023 | ر.س107.5b | ر.س17.2b | ر.س2.4b | 28.9x | 43.9x | 6.3x |
| Sun, 11 Jun 2023 | ر.س95.0b | ر.س17.2b | ر.س2.4b | 30.8x | 38.8x | 5.5x |
| Tue, 09 May 2023 | ر.س77.8b | ر.س16.2b | ر.س2.3b | 27.9x | 33.7x | 4.8x |
| Thu, 06 Apr 2023 | ر.س78.1b | ر.س16.1b | ر.س2.2b | 26.8x | 35.4x | 4.9x |
| Sat, 04 Mar 2023 | ر.س65.9b | ر.س15.8b | ر.س2.1b | 26.5x | 31.3x | 4.2x |
| Mon, 30 Jan 2023 | ر.س63.5b | ر.س15.8b | ر.س2.1b | 24.7x | 30.4x | 4x |
| Wed, 28 Dec 2022 | ر.س63.1b | ر.س15.8b | ر.س2.1b | 29.1x | 30.4x | 4x |
| Fri, 25 Nov 2022 | ر.س60.0b | ر.س15.8b | ر.س2.1b | 26.5x | 29x | 3.8x |
| Sun, 23 Oct 2022 | ر.س62.1b | ر.س14.4b | ر.س1.8b | 32.2x | 34.5x | 4.3x |
| Tue, 20 Sep 2022 | ر.س57.8b | ر.س14.4b | ر.س1.8b | 32.3x | 32.2x | 4x |
| Thu, 18 Aug 2022 | ر.س59.6b | ر.س13.9b | ر.س1.8b | 36.7x | 33.7x | 4.3x |
| Sat, 16 Jul 2022 | ر.س50.3b | ر.س13.5b | ر.س1.7b | 32.6x | 30.2x | 3.7x |
| Mon, 13 Jun 2022 | ر.س53.2b | ر.س13.3b | ر.س1.6b | 37.6x | 32.4x | 4x |
| Wed, 11 May 2022 | ر.س54.9b | ر.س13.0b | ر.س1.6b | 36x | 35x | 4.2x |
| Fri, 08 Apr 2022 | ر.س48.9b | ر.س12.8b | ر.س1.5b | 32.5x | 32.4x | 3.8x |
| Sun, 06 Mar 2022 | ر.س44.7b | ر.س12.5b | ر.س1.5b | 39.9x | 29.9x | 3.6x |
| Tue, 01 Feb 2022 | ر.س29.9b | ر.س8.5b | ر.س866.5m | 52.8x | 34.5x | 3.5x |
| Thu, 30 Dec 2021 | ر.س28.2b | ر.س8.5b | ر.س866.5m | 53.2x | 32.6x | 3.3x |
| Sat, 27 Nov 2021 | ر.س28.9b | ر.س8.5b | ر.س866.5m | 53.1x | 33.3x | 3.4x |
Price to Earnings Ratio
33.3x
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 36.9x.
- The 3-year average PS ratio of 4.9x is lower than the industry's current PS ratio of 6.0x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 58% per year over the last three years.
- Revenues for these companies have grown 38% 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 | -0.79% | |
| Tech | 0.98% | |
| IT | 0.99% | |
| Communications | 0% | |
| Tech Hardware | 0% | |
| Electronic Equipment and Components | 0% | |
| Semiconductors | 0% | |
| Software | -1.05% | |
Industry PE
- Investors are most optimistic about the IT industry, which is trading close to its 3-year average PE ratio of 36.2x.
- Analysts expect its future annual earnings growth (16.2%) to be largely in line with prior year's earnings growth.
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 | |
|---|---|---|---|---|---|
| 7203 Elm | ر.س1.11k | 0.9% +ر.س745.9m | 51.7% | PE52.1x | |
| 7202 Arabian Internet and Communication Services | ر.س260.20 | 1.5% +ر.س452.2m | -17.9% | PE21.6x | |
| 9557 Edarat Communication and Information Technology | ر.س530.00 | 6.2% +ر.س78.0m | 212.7% | PE64.5x | |
| 9550 Sure Global Tech | ر.س79.70 | 9.6% +ر.س52.9m | 77.1% | PE20.8x | |
| 7200 Al Moammar Information Systems | ر.س188.80 | 0.3% +ر.س18.0m | 52.5% | PE168.4x |
Latest News
9524
ر.س3.80
Advance International Company for Communication and Information Technology
7D
-2.6%
1Y
6.1%
