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Saudi Arabian (Tadawul) IT Industry Analysis

UpdatedJun 02, 2023
DataAggregated Company Financials
  • 7D-1.5%
  • 3M21.3%
  • 1Y45.2%
  • YTD27.5%

Over the last 7 days, the IT industry has dropped 1.5%, driven by a pullback from Elm of 3.0%. In contrast, Edarat Communication and Information Technology has gained 26%. This takes the industry's 12 month performance to a gain of 45%. Earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

Has the Saudi Arabian IT Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 02 Jun 2023ر.س79.5bر.س16.8bر.س2.4b30.5x32.9x4.7x
Sun, 30 Apr 2023ر.س77.0bر.س16.1bر.س2.3b28.4x33.2x4.8x
Tue, 28 Mar 2023ر.س70.7bر.س16.0bر.س2.2b25x32.1x4.4x
Thu, 23 Feb 2023ر.س66.5bر.س15.8bر.س2.1b24x31.7x4.2x
Sat, 21 Jan 2023ر.س62.2bر.س15.8bر.س2.1b22.5x30x3.9x
Mon, 19 Dec 2022ر.س62.8bر.س15.7bر.س2.1b25.5x30.4x4x
Wed, 16 Nov 2022ر.س56.6bر.س14.7bر.س1.9b27.8x29.2x3.8x
Fri, 14 Oct 2022ر.س59.4bر.س14.3bر.س1.8b32.9x33.2x4.1x
Sun, 11 Sep 2022ر.س61.3bر.س14.3bر.س1.8b34.9x34.4x4.3x
Tue, 09 Aug 2022ر.س53.6bر.س13.8bر.س1.7b35.2x32.2x3.9x
Thu, 07 Jul 2022ر.س48.7bر.س13.4bر.س1.6b31x29.6x3.6x
Sat, 04 Jun 2022ر.س50.5bر.س13.3bر.س1.6b36.7x31.1x3.8x
Mon, 02 May 2022ر.س54.3bر.س13.0bر.س1.5b36.2x35x4.2x
Wed, 30 Mar 2022ر.س45.3bر.س12.8bر.س1.5b30.9x30.5x3.6x
Fri, 25 Feb 2022ر.س43.2bر.س12.5bر.س1.5b28.9x29x3.5x
Sun, 23 Jan 2022ر.س29.2bر.س8.5bر.س864.1m43.8x33.8x3.4x
Tue, 21 Dec 2021ر.س25.1bر.س8.5bر.س864.1m37.6x29x3x
Thu, 18 Nov 2021ر.س27.3bر.س8.5bر.س864.1m40.6x31.6x3.2x
Sat, 16 Oct 2021ر.س28.3bر.س8.4bر.س850.5m41.9x33.3x3.4x
Mon, 13 Sep 2021ر.س4.3bر.س940.4mر.س75.5m56.9x56.9x4.6x
Wed, 11 Aug 2021ر.س4.0bر.س940.4mر.س75.5m53.1x53.1x4.3x
Sun, 06 Jun 2021ر.س2.7bر.س1.0bر.س89.5m30.6x30.6x2.7x
Wed, 10 Mar 2021ر.س2.6bر.س1.0bر.س90.4m29x29x2.6x
Tue, 01 Dec 2020ر.س1.7bر.س1.1bر.س100.7m17.3x17.3x1.6x
Fri, 04 Sep 2020ر.س1.2bر.س1.1bر.س92.6m13x13x1.1x
Mon, 08 Jun 2020ر.س891.2mر.س1.0bر.س81.2m11x11x0.9x
Price to Earnings Ratio


Total Market Cap: ر.س891.2mTotal Earnings: ر.س81.2mTotal Revenue: ر.س1.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Saudi Arabian IT Industry Price to Earnings3Y Average 29.7x202120222023
Current Industry PE
  • Investors are optimistic on the Saudi IT industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 32.9x which is higher than its 3-year average PE of 29.7x.
  • The 3-year average PS ratio of 3.2x is lower than the industry's current PS ratio of 4.7x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 210% per year over the last three years.
  • Revenues for these companies have grown 155% 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 industry?

SA Market-1.11%
Internet Services and Infrastructure0%
Data Processing Services0%
IT Consulting-1.46%
Industry PE
  • Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 29.8x.
    • Analysts are expecting annual earnings growth of 12.9%, which is lower than the prior year's growth of 50.4% per year.
  • Investors are most pessimistic about the IT Consulting industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 29.8x.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 13% over the next 5 years.
  • However this is lower than its past earnings growth rate of 50% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 13% 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
9557 Edarat Communication and Information Technologyر.س388.0025.7%
7200 Al Moammar Information Systemsر.س135.201.8%
9550 Sure Global Techر.س70.3013.9%
9543 Saudi Networkers Servicesر.س60.805.7%
9524 Advance International Company for Communication and Information Technologyر.س90.902.1%
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