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Saudi Arabian (Tadawul) Tech Sector Analysis
UpdatedApr 15, 2025
DataAggregated Company Financials
Companies15
- 7D9.8%
- 3M-11.1%
- 1Y-5.6%
- YTD-6.5%
Over the last 7 days, the Tech industry has risen 6.8%, driven by gains from Elm of 11%. In the same time, Naseej for Technology was down 8.8%. In contrast, the industry has lost 8.4% in the last 12 months. Earnings are forecast to grow by 15% 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 |
|---|---|---|---|---|---|---|
| Tue, 15 Apr 2025 | ر.س124.1b | ر.س23.4b | ر.س3.8b | 32.1x | 32.3x | 5.3x |
| Thu, 13 Mar 2025 | ر.س132.8b | ر.س24.3b | ر.س4.3b | 31.5x | 30.9x | 5.5x |
| Sat, 08 Feb 2025 | ر.س141.2b | ر.س22.1b | ر.س3.5b | 38.8x | 40.3x | 6.4x |
| Mon, 06 Jan 2025 | ر.س137.8b | ر.س22.1b | ر.س3.5b | 38.6x | 39.4x | 6.2x |
| Wed, 04 Dec 2024 | ر.س134.7b | ر.س22.1b | ر.س3.5b | 39.1x | 38.5x | 6.1x |
| Fri, 01 Nov 2024 | ر.س127.1b | ر.س21.9b | ر.س3.2b | 39x | 40x | 5.8x |
| Sun, 29 Sep 2024 | ر.س136.5b | ر.س21.8b | ر.س3.2b | 29.4x | 43.1x | 6.3x |
| Tue, 27 Aug 2024 | ر.س130.1b | ر.س21.8b | ر.س3.2b | 30.3x | 41.1x | 6x |
| Thu, 25 Jul 2024 | ر.س120.7b | ر.س21.3b | ر.س2.9b | 36.3x | 41.4x | 5.7x |
| Sat, 22 Jun 2024 | ر.س111.3b | ر.س21.3b | ر.س2.9b | 33.4x | 38.1x | 5.2x |
| Mon, 20 May 2024 | ر.س116.0b | ر.س20.8b | ر.س2.8b | 35.6x | 40.8x | 5.6x |
| Wed, 17 Apr 2024 | ر.س133.8b | ر.س20.7b | ر.س2.8b | 36.4x | 47.9x | 6.5x |
| Fri, 15 Mar 2024 | ر.س136.4b | ر.س20.6b | ر.س2.9b | 37.9x | 47.9x | 6.6x |
| Sun, 11 Feb 2024 | ر.س127.9b | ر.س19.8b | ر.س2.8b | 34.4x | 46.3x | 6.5x |
| Tue, 09 Jan 2024 | ر.س116.4b | ر.س19.8b | ر.س2.8b | 30.5x | 42.1x | 5.9x |
| Thu, 07 Dec 2023 | ر.س109.0b | ر.س19.8b | ر.س2.8b | 28.6x | 39.4x | 5.5x |
| Sat, 04 Nov 2023 | ر.س100.9b | ر.س18.4b | ر.س2.7b | 26.9x | 37.2x | 5.5x |
| Mon, 02 Oct 2023 | ر.س109.7b | ر.س18.4b | ر.س2.7b | 28.6x | 40.4x | 6x |
| Wed, 30 Aug 2023 | ر.س118.6b | ر.س18.4b | ر.س2.7b | 27.8x | 43.6x | 6.5x |
| Fri, 28 Jul 2023 | ر.س109.3b | ر.س17.2b | ر.س2.4b | 31.1x | 44.6x | 6.4x |
| Sun, 25 Jun 2023 | ر.س95.3b | ر.س17.2b | ر.س2.4b | 32.5x | 38.9x | 5.5x |
| Tue, 23 May 2023 | ر.س82.2b | ر.س16.8b | ر.س2.4b | 27.1x | 34.2x | 4.9x |
| Thu, 20 Apr 2023 | ر.س77.0b | ر.س16.2b | ر.س2.3b | 28.7x | 33.2x | 4.8x |
| Sat, 18 Mar 2023 | ر.س68.4b | ر.س16.1b | ر.س2.2b | 26.2x | 31x | 4.3x |
| Mon, 13 Feb 2023 | ر.س66.1b | ر.س15.8b | ر.س2.1b | 28.3x | 31.4x | 4.2x |
| Wed, 11 Jan 2023 | ر.س62.6b | ر.س15.8b | ر.س2.1b | 27.5x | 30.2x | 4x |
| Fri, 09 Dec 2022 | ر.س60.8b | ر.س15.8b | ر.س2.1b | 26.2x | 29.3x | 3.9x |
| Sun, 06 Nov 2022 | ر.س62.0b | ر.س14.7b | ر.س1.8b | 30x | 33.6x | 4.2x |
| Tue, 04 Oct 2022 | ر.س58.9b | ر.س14.4b | ر.س1.8b | 30.9x | 32.7x | 4.1x |
| Thu, 01 Sep 2022 | ر.س65.6b | ر.س14.3b | ر.س1.8b | 36.3x | 36.7x | 4.6x |
| Sat, 30 Jul 2022 | ر.س56.2b | ر.س13.5b | ر.س1.7b | 38x | 33.7x | 4.1x |
| Mon, 27 Jun 2022 | ر.س48.8b | ر.س13.5b | ر.س1.7b | 33x | 29.3x | 3.6x |
| Wed, 25 May 2022 | ر.س49.7b | ر.س13.3b | ر.س1.6b | 33.1x | 30.2x | 3.7x |
| Fri, 22 Apr 2022 | ر.س50.1b | ر.س12.5b | ر.س1.5b | 32.4x | 33.6x | 4x |
Price to Earnings Ratio
33.6x
Current Industry PE
- Investors are pessimistic on the Saudi Information Technology industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 32.3x which is lower than its 3-year average PE of 37.5x.
- The industry is trading close to its 3-year average PS ratio of 5.3x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 37% per year over the last three years.
- Revenues for these companies have grown 23% 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 | 3.13% | |
| Tech | 9.83% | |
| IT | 9.84% | |
| Software | 8.57% | |
Industry PE
- Investors are most optimistic about the IT industry even though it's trading below its 3-year average PE ratio of 37.1x.
- Analysts are expecting annual earnings growth of 15.2%, which is lower than the prior year's growth of 25.7% per year.
Forecasted Growth
- Analysts are most optimistic on the IT industry, expecting annual earnings growth of 15% over the next 5 years.
- However this is lower than its past earnings growth rate of 26% per year.
- In contrast, the IT industry is expected to see its earnings grow by 15% 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.س990.00 | 11.1% +ر.س7.7b | 2.1% | PE42.1x | |
| 7202 Arabian Internet and Communication Services | ر.س299.00 | 9.5% +ر.س3.1b | -18.8% | PE22.3x | |
| 7200 Al Moammar Information Systems | ر.س138.20 | 9.5% +ر.س360.0m | -12.6% | PE38.1x | |
| 7204 Perfect Presentation for Commercial Services | ر.س12.98 | 1.7% +ر.س66.0m | -24.0% | PE23.8x | |
| 7201 Arab Sea Information Systems | ر.س6.00 | 11.5% +ر.س62.0m | -22.6% | PS12.8x |
