Saudi Arabian (Tadawul) Tech Sector Analysis
UpdatedMay 26, 2022
DataAggregated Company Financials
Companies7
- 7D-6.2%
- 3M9.0%
- 1Y24.7%
- YTD16.9%
Over the last 7 days, the Tech industry has dropped 4.9%, driven by a pullback from Elm of 9.6%. In the past year, the industry has gained 20%. As for the next few years, earnings are expected to grow by 6.6% per annum.
Sector Valuation and Performance
Has the Saudi Arabian Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Fri, 27 May 2022 | ر.س49.8b | ر.س13.3b | ر.س1.6b | 33.2x |
| Sun, 24 Apr 2022 | ر.س50.8b | ر.س12.5b | ر.س1.5b | 32.8x |
| Tue, 22 Mar 2022 | ر.س45.4b | ر.س12.8b | ر.س1.5b | 33x |
| Thu, 17 Feb 2022 | ر.س30.5b | ر.س8.5b | ر.س866.5m | 55x |
| Sat, 15 Jan 2022 | ر.س29.6b | ر.س8.5b | ر.س866.5m | 56.3x |
| Mon, 13 Dec 2021 | ر.س26.8b | ر.س8.5b | ر.س866.5m | n/a |
| Wed, 10 Nov 2021 | ر.س28.7b | ر.س8.5b | ر.س866.5m | 51.8x |
| Fri, 08 Oct 2021 | ر.س5.7b | ر.س975.0m | ر.س72.2m | 54.2x |
| Sun, 05 Sep 2021 | ر.س5.8b | ر.س975.0m | ر.س72.2m | 56.6x |
| Tue, 03 Aug 2021 | ر.س5.5b | ر.س975.0m | ر.س72.2m | 52.9x |
| Fri, 07 May 2021 | ر.س3.5b | ر.س1.0b | ر.س75.0m | 29.3x |
| Mon, 08 Feb 2021 | ر.س3.0b | ر.س1.0b | ر.س74.5m | 23.2x |
| Sun, 01 Nov 2020 | ر.س2.2b | ر.س1.1b | ر.س113.2m | 37.2x |
| Wed, 05 Aug 2020 | ر.س1.6b | ر.س1.1b | ر.س110.0m | 21.5x |
| Sat, 09 May 2020 | ر.س1.2b | ر.س1.1b | ر.س103.5m | 13.2x |
| Fri, 31 Jan 2020 | ر.س1.0b | ر.س1.0b | ر.س100.1m | 10.5x |
| Mon, 04 Nov 2019 | ر.س963.0m | ر.س989.7m | ر.س55.7m | 10.6x |
| Thu, 08 Aug 2019 | ر.س1.0b | ر.س978.4m | ر.س58.3m | 11.5x |
Median PE Ratio
9.8x
Current Industry PE
- Investors are optimistic on the industry, and appear confident in long-term growth rates.
- The industry is trading at a PE ratio of 33.1x which is higher than its 3-year average PE of 27.2x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 208% per year over the last three years.
- Revenues for these companies have grown 136% 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 | -0.94% | |
| Tech | -6.19% | |
| Communications | 0% | |
| Tech Hardware | 0% | |
| Electronic Equipment and Components | 0% | |
| Semiconductors | 0% | |
| Software | -3.08% | |
| IT | -6.29% | |
Industry PE
- Investors are most optimistic about the Software industry even though it's trading below its 3-year average PE ratio of 205x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the IT industry. Although, investor sentiment seems to have improved given its trading above its 3-year average of 23.0x.
Forecasted Growth
- Analysts are most optimistic on the IT industry, expecting annual earnings growth of 6.6% over the next 5 years.
- However this is lower than its past earnings growth rate of 15% per year.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 7201 Arab Sea Information Systems | ر.س175.00 | 2.5% +ر.س42.0m | 88.0% | PS97.8x | |
| 9534 Saudi Azm for Communication and Information Technology | ر.س166.60 | 4.3% +ر.س20.4m | n/a | PS35.4x |