With EPS Growth And More, Alqemam for Computer Systems (TADAWUL:9558) Makes An Interesting Case
Jul 25
Saudi Arabian (Tadawul) Tech Sector Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies14
- 7D0.6%
- 3M-4.2%
- 1Y10.0%
- YTD3.2%
The Tech industry has been flat over the last week, but Saudi Networkers Services has lost 3.7%. As for the the longer term, the industry is up 10% over the past 12 months. 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, 26 Jul 2024 | ر.س120.0b | ر.س21.3b | ر.س2.9b | 37x | 41.1x | 5.6x |
| Sun, 23 Jun 2024 | ر.س111.3b | ر.س21.3b | ر.س2.9b | 33.4x | 38.1x | 5.2x |
| Tue, 21 May 2024 | ر.س112.7b | ر.س21.1b | ر.س2.9b | 35.2x | 39.4x | 5.3x |
| Thu, 18 Apr 2024 | ر.س128.2b | ر.س20.7b | ر.س2.8b | 36.9x | 45.9x | 6.2x |
| Sat, 16 Mar 2024 | ر.س137.0b | ر.س20.6b | ر.س2.9b | 37.9x | 48.1x | 6.7x |
| Mon, 12 Feb 2024 | ر.س127.2b | ر.س19.8b | ر.س2.8b | 34.2x | 46x | 6.4x |
| Wed, 10 Jan 2024 | ر.س121.4b | ر.س19.8b | ر.س2.8b | 30.7x | 43.9x | 6.1x |
| Fri, 08 Dec 2023 | ر.س110.0b | ر.س19.8b | ر.س2.8b | 28.9x | 39.8x | 5.6x |
| Sun, 05 Nov 2023 | ر.س100.9b | ر.س18.4b | ر.س2.7b | 26.9x | 37.2x | 5.5x |
| Tue, 03 Oct 2023 | ر.س110.9b | ر.س18.4b | ر.س2.7b | 28.9x | 40.9x | 6x |
| Thu, 31 Aug 2023 | ر.س120.4b | ر.س18.4b | ر.س2.7b | 28.3x | 44.2x | 6.6x |
| Sat, 29 Jul 2023 | ر.س109.0b | ر.س17.2b | ر.س2.4b | 31.1x | 44.5x | 6.3x |
| Mon, 26 Jun 2023 | ر.س95.3b | ر.س17.2b | ر.س2.4b | 32.5x | 38.9x | 5.5x |
| Wed, 24 May 2023 | ر.س81.2b | ر.س16.8b | ر.س2.4b | 27.4x | 33.8x | 4.8x |
| Fri, 21 Apr 2023 | ر.س77.0b | ر.س16.2b | ر.س2.3b | 28.7x | 33.3x | 4.8x |
| Sun, 19 Mar 2023 | ر.س68.4b | ر.س16.1b | ر.س2.2b | 26.2x | 31x | 4.3x |
| Tue, 14 Feb 2023 | ر.س67.9b | ر.س15.8b | ر.س2.1b | 28.9x | 32.3x | 4.3x |
| Thu, 12 Jan 2023 | ر.س63.2b | ر.س15.8b | ر.س2.1b | 27.5x | 30.5x | 4x |
| Sat, 10 Dec 2022 | ر.س60.8b | ر.س15.8b | ر.س2.1b | 26.2x | 29.3x | 3.9x |
| Mon, 07 Nov 2022 | ر.س61.7b | ر.س14.7b | ر.س1.8b | 30.3x | 33.5x | 4.2x |
| Wed, 05 Oct 2022 | ر.س62.1b | ر.س14.4b | ر.س1.8b | 32.9x | 34.5x | 4.3x |
| Fri, 02 Sep 2022 | ر.س66.7b | ر.س14.3b | ر.س1.8b | 36.8x | 37.3x | 4.7x |
| Sun, 31 Jul 2022 | ر.س56.2b | ر.س13.5b | ر.س1.7b | 38x | 33.7x | 4.1x |
| Tue, 28 Jun 2022 | ر.س48.5b | ر.س13.5b | ر.س1.7b | 33.3x | 29.2x | 3.6x |
| Thu, 26 May 2022 | ر.س49.8b | ر.س13.3b | ر.س1.6b | 33.2x | 30.2x | 3.7x |
| Sat, 23 Apr 2022 | ر.س50.4b | ر.س12.5b | ر.س1.5b | 32.8x | 33.8x | 4x |
| Mon, 21 Mar 2022 | ر.س45.6b | ر.س12.8b | ر.س1.5b | 32.1x | 30.2x | 3.6x |
| Wed, 16 Feb 2022 | ر.س30.1b | ر.س8.5b | ر.س866.5m | 53.4x | 34.8x | 3.5x |
| Fri, 14 Jan 2022 | ر.س29.4b | ر.س8.5b | ر.س866.5m | 56.9x | 34x | 3.5x |
| Sun, 12 Dec 2021 | ر.س26.8b | ر.س8.5b | ر.س866.5m | 48.5x | 31x | 3.2x |
| Tue, 09 Nov 2021 | ر.س28.7b | ر.س8.5b | ر.س866.5m | 51.8x | 33.1x | 3.4x |
| Thu, 07 Oct 2021 | ر.س5.8b | ر.س975.0m | ر.س72.2m | 54.7x | 79.7x | 5.9x |
| Sat, 04 Sep 2021 | ر.س5.9b | ر.س975.0m | ر.س72.2m | 57.3x | 82x | 6.1x |
| Mon, 02 Aug 2021 | ر.س5.5b | ر.س975.0m | ر.س72.2m | 51.7x | 75.6x | 5.6x |
Price to Earnings Ratio
75.6x
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 39.2x.
- The 3-year average PS ratio of 4.8x 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 243% per year over the last three years.
- Revenues for these companies have grown 180% 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 | -1.45% | |
| Tech | 0.65% | |
| IT | 0.65% | |
| Communications | 0% | |
| Tech Hardware | 0% | |
| Electronic Equipment and Components | 0% | |
| Semiconductors | 0% | |
| Software | -0.52% | |
Industry PE
- Investors are most optimistic about the IT industry, which is trading close to its 3-year average PE ratio of 36.9x.
- Analysts expect its future annual earnings growth (16.1%) 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 | |
|---|---|---|---|---|---|
| 7202 Arabian Internet and Communication Services | ر.س286.00 | 0.7% +ر.س238.0m | -21.2% | PE27.4x | |
| 9557 Edarat Communication and Information Technology | ر.س522.00 | 21.7% +ر.س234.4m | 117.6% | PE75.7x | |
| 7204 Perfect Presentation for Commercial Services | ر.س16.00 | 5.1% +ر.س234.0m | 45.2% | PE36.8x | |
| 7200 Al Moammar Information Systems | ر.س179.00 | 3.3% +ر.س173.5m | 5.3% | PE132.2x | |
| 7203 Elm | ر.س907.00 | 0.09% +ر.س62.2m | 31.4% | PE51.1x |
