Header cover image

Saudi Arabian (Tadawul) Tech Sector Analysis

UpdatedFeb 24, 2024
DataAggregated Company Financials
Companies14
  • 7D-0.8%
  • 3M31.8%
  • 1Y104.9%
  • YTD19.5%

Over the last 7 days, the Tech industry has remained flat, although notably Arabian Internet and Communication Services declined by 7.1%. The past year has been better, since the industry has gained 105% in that time. As for the next few years, earnings are expected to grow by 17% per annum.

Sector Valuation and Performance

Has the Saudi Arabian Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 24 Feb 2024ر.س138.9bر.س19.8bر.س2.8b37.1x50.2x7x
Mon, 22 Jan 2024ر.س121.9bر.س19.8bر.س2.8b31x44.1x6.2x
Wed, 20 Dec 2023ر.س113.0bر.س19.8bر.س2.8b29.8x40.9x5.7x
Fri, 17 Nov 2023ر.س105.4bر.س19.6bر.س2.9b26.5x36.9x5.4x
Sun, 15 Oct 2023ر.س103.9bر.س18.4bر.س2.7b27.3x38.3x5.6x
Tue, 12 Sep 2023ر.س108.3bر.س18.4bر.س2.7b28x39.9x5.9x
Thu, 10 Aug 2023ر.س103.9bر.س17.6bر.س2.5b29.8x41.3x5.9x
Sat, 08 Jul 2023ر.س95.6bر.س17.2bر.س2.4b29.8x39x5.6x
Mon, 05 Jun 2023ر.س80.2bر.س17.1bر.س2.4b29.9x32.8x4.7x
Wed, 03 May 2023ر.س78.5bر.س16.2bر.س2.3b27.5x34x4.9x
Fri, 31 Mar 2023ر.س73.3bر.س16.1bر.س2.2b27.4x33.2x4.6x
Sun, 26 Feb 2023ر.س67.6bر.س15.8bر.س2.1b27.2x32.1x4.3x
Tue, 24 Jan 2023ر.س63.0bر.س15.8bر.س2.1b24.5x30.2x4x
Thu, 22 Dec 2022ر.س63.7bر.س15.8bر.س2.1b27.2x30.7x4x
Sat, 19 Nov 2022ر.س60.0bر.س15.8bر.س2.1b28.1x28.9x3.8x
Mon, 17 Oct 2022ر.س60.3bر.س14.4bر.س1.8b33.2x33.5x4.2x
Wed, 14 Sep 2022ر.س63.3bر.س14.4bر.س1.8b35.6x35.3x4.4x
Fri, 12 Aug 2022ر.س56.4bر.س13.9bر.س1.7b37.6x33.5x4.1x
Sun, 10 Jul 2022ر.س49.4bر.س13.5bر.س1.7b32.7x29.7x3.7x
Tue, 07 Jun 2022ر.س52.8bر.س13.3bر.س1.6b38.9x32.2x4x
Thu, 05 May 2022ر.س56.2bر.س13.0bر.س1.6b37.7x35.8x4.3x
Sat, 02 Apr 2022ر.س48.1bر.س12.8bر.س1.5b34.2x31.9x3.8x
Mon, 28 Feb 2022ر.س45.7bر.س12.5bر.س1.5b40.9x30.5x3.7x
Wed, 26 Jan 2022ر.س30.2bر.س8.5bر.س866.5m54.8x34.8x3.5x
Fri, 24 Dec 2021ر.س27.5bر.س8.5bر.س866.5m49.8x31.7x3.2x
Sun, 21 Nov 2021ر.س28.9bر.س8.5bر.س866.5m51.6x33.4x3.4x
Tue, 19 Oct 2021ر.س30.2bر.س8.5bر.س847.2m41.8x35.6x3.6x
Thu, 16 Sep 2021ر.س5.8bر.س975.0mر.س72.2m55.9x79.8x5.9x
Sat, 14 Aug 2021ر.س5.5bر.س975.0mر.س72.2m53.3x76.3x5.7x
Wed, 09 Jun 2021ر.س3.7bر.س1.0bر.س75.0m30.6x49x3.5x
Tue, 02 Mar 2021ر.س3.8bر.س1.0bر.س74.5m29x50.4x3.6x
Price to Earnings Ratio

50.4x


Total Market Cap: ر.س3.8bTotal Earnings: ر.س74.5mTotal Revenue: ر.س1.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Saudi Arabian Tech Sector Price to Earnings3Y Average 40.4x202220232024
Current Industry PE
  • Investors are optimistic on the Saudi Information Technology industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 50.2x which is higher than its 3-year average PE of 40.4x.
  • The 3-year average PS ratio of 4.5x is lower than the industry's current PS ratio of 7.0x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 234% per year over the last three years.
  • Revenues for these companies have grown 167% 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 Market0.44%
Tech-0.84%
Communications0%
Tech Hardware0%
Electronic Equipment and Components0%
Semiconductors0%
IT-0.84%
Software-0.96%
Industry PE
  • Investors are most optimistic about the IT industry which is trading above its 3-year average PE ratio of 35.5x.
    • Analysts are expecting annual earnings growth of 17.2%, which is higher than its past year's earnings growth of 12.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the IT industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is better than its past earnings growth rate of 12% per year.
  • In contrast, the IT industry is expected to see its earnings grow by 17% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
7203 Elmر.س1.05k2.5%
+ر.س2.0b
176.8%PE65.9x
9550 Sure Global Techر.س73.1017.9%
+ر.س85.4m
102.7%n/a
9557 Edarat Communication and Information Technologyر.س478.2011.2%
+ر.س60.7m
145.7%PE41.3x
9538 Naseej for Technologyر.س69.0015.0%
+ر.س45.0m
-8.0%PE21.1x
9543 Saudi Networkers Servicesر.س63.9010.2%
+ر.س35.4m
12.1%PE13.3x
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

7203

ر.س1,054.00

Elm

7D

2.5%

1Y

176.8%

9557

ر.س478.20

Edarat Communication and Information Technology

7D

11.2%

1Y

145.7%

7202

ر.س365.80

Arabian Internet and Communication Services

7D

-7.1%

1Y

46.3%

7204

ر.س31.70

Perfect Presentation for Commercial Services

7D

-1.2%

1Y

84.1%

7201

ر.س7.35

Arab Sea Information Systems

7D

-1.1%

1Y

10.0%

9550

ر.س73.10

Sure Global Tech

7D

17.9%

1Y

102.7%

9561

ر.س30.00

Knowledge Net Computer

7D

-0.2%

1Y

n/a

7200

ر.س147.60

Al Moammar Information Systems

7D

-1.6%

1Y

51.4%

9558

ر.س82.90

Alqemam for Computer Systems

7D

-1.2%

1Y

15.9%