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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?

DateMarket CapRevenueEarningsPE
Fri, 27 May 2022ر.س49.8bر.س13.3bر.س1.6b33.2x
Sun, 24 Apr 2022ر.س50.8bر.س12.5bر.س1.5b32.8x
Tue, 22 Mar 2022ر.س45.4bر.س12.8bر.س1.5b33x
Thu, 17 Feb 2022ر.س30.5bر.س8.5bر.س866.5m55x
Sat, 15 Jan 2022ر.س29.6bر.س8.5bر.س866.5m56.3x
Mon, 13 Dec 2021ر.س26.8bر.س8.5bر.س866.5mn/a
Wed, 10 Nov 2021ر.س28.7bر.س8.5bر.س866.5m51.8x
Fri, 08 Oct 2021ر.س5.7bر.س975.0mر.س72.2m54.2x
Sun, 05 Sep 2021ر.س5.8bر.س975.0mر.س72.2m56.6x
Tue, 03 Aug 2021ر.س5.5bر.س975.0mر.س72.2m52.9x
Fri, 07 May 2021ر.س3.5bر.س1.0bر.س75.0m29.3x
Mon, 08 Feb 2021ر.س3.0bر.س1.0bر.س74.5m23.2x
Sun, 01 Nov 2020ر.س2.2bر.س1.1bر.س113.2m37.2x
Wed, 05 Aug 2020ر.س1.6bر.س1.1bر.س110.0m21.5x
Sat, 09 May 2020ر.س1.2bر.س1.1bر.س103.5m13.2x
Fri, 31 Jan 2020ر.س1.0bر.س1.0bر.س100.1m10.5x
Mon, 04 Nov 2019ر.س963.0mر.س989.7mر.س55.7m10.6x
Thu, 08 Aug 2019ر.س1.0bر.س978.4mر.س58.3m11.5x
Median PE Ratio

9.8x


Total Market Cap: ر.س849.2mTotal Earnings: ر.س56.3mTotal Revenue: ر.س1.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Saudi Arabian Tech Sector Median PE3Y Average 27x202020212022
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%
Communications0%
Tech Hardware0%
Electronic Equipment and Components0%
Semiconductors0%
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?

    CompanyLast Price7D1YValuation
    7201 Arab Sea Information Systemsر.س175.002.5%
    +ر.س42.0m
    88.0%PS97.8x
    9534 Saudi Azm for Communication and Information Technologyر.س166.604.3%
    +ر.س20.4m
    n/aPS35.4x
    Simply Wall St
    Simply Wall Street Pty Ltd
    17-21 Bellevue Street, Surry Hills, Sydney
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