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Saudi Arabian (Tadawul) IT Industry Analysis

UpdatedJun 22, 2024
DataAggregated Company Financials
Companies12
  • 7D0%
  • 3M-17.7%
  • 1Y17.1%
  • YTD-4.2%

The IT industry has stayed flat over the last week. The past year has been better, since the industry has gained 17% in that time. Looking forward, earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 23 Jun 2024ر.س110.5bر.س21.2bر.س2.9b33.4x37.7x5.2x
Tue, 21 May 2024ر.س111.9bر.س21.1bر.س2.9b35.2x39x5.3x
Thu, 18 Apr 2024ر.س127.3bر.س20.6bر.س2.8b36.9x45.5x6.2x
Sat, 16 Mar 2024ر.س136.1bر.س20.5bر.س2.9b37.9x47.4x6.6x
Mon, 12 Feb 2024ر.س126.4bر.س19.7bر.س2.8b34.2x45.4x6.4x
Wed, 10 Jan 2024ر.س120.5bر.س19.7bر.س2.8b30.7x43.2x6.1x
Fri, 08 Dec 2023ر.س109.2bر.س19.7bر.س2.8b28.9x39.2x5.5x
Sun, 05 Nov 2023ر.س100.2bر.س18.4bر.س2.7b26.9x36.7x5.5x
Tue, 03 Oct 2023ر.س110.1bر.س18.4bر.س2.7b28.9x40.3x6x
Thu, 31 Aug 2023ر.س119.5bر.س18.3bر.س2.7b28.3x43.6x6.5x
Sat, 29 Jul 2023ر.س108.1bر.س17.1bر.س2.5b31.1x43.9x6.3x
Mon, 26 Jun 2023ر.س94.3bر.س17.1bر.س2.5b32.5x38.3x5.5x
Wed, 24 May 2023ر.س80.2bر.س16.8bر.س2.4b27.4x33.2x4.8x
Fri, 21 Apr 2023ر.س76.0bر.س16.1bر.س2.3b28.7x32.7x4.7x
Sun, 19 Mar 2023ر.س67.8bر.س16.0bر.س2.2b26x30.8x4.2x
Tue, 14 Feb 2023ر.س67.2bر.س15.8bر.س2.1b25.1x32x4.3x
Thu, 12 Jan 2023ر.س62.4bر.س15.7bر.س2.1b25.6x30.2x4x
Sat, 10 Dec 2022ر.س60.1bر.س15.7bر.س2.1b25.2x29.1x3.8x
Mon, 07 Nov 2022ر.س60.9bر.س14.6bر.س1.8b29.6x33.2x4.2x
Wed, 05 Oct 2022ر.س61.2bر.س14.3bر.س1.8b31.9x34.2x4.3x
Fri, 02 Sep 2022ر.س65.8bر.س14.3bر.س1.8b36.1x37x4.6x
Sun, 31 Jul 2022ر.س55.5bر.س13.5bر.س1.7b36.6x33.6x4.1x
Tue, 28 Jun 2022ر.س47.7bر.س13.4bر.س1.6b30.9x29x3.5x
Thu, 26 May 2022ر.س48.1bر.س13.3bر.س1.6b31.2x29.5x3.6x
Sat, 23 Apr 2022ر.س48.5bر.س12.4bر.س1.5b32.8x32.9x3.9x
Mon, 21 Mar 2022ر.س43.7bر.س12.8bر.س1.5b30.4x29.4x3.4x
Wed, 16 Feb 2022ر.س28.2bر.س8.5bر.س864.1m42x32.6x3.3x
Fri, 14 Jan 2022ر.س27.5bر.س8.5bر.س864.1m43.2x31.8x3.2x
Sun, 12 Dec 2021ر.س25.0bر.س8.5bر.س864.1m37.8x28.9x2.9x
Tue, 09 Nov 2021ر.س27.1bر.س8.5bر.س864.1m40.7x31.4x3.2x
Thu, 07 Oct 2021ر.س4.1bر.س940.4mر.س75.5m54.7x54.7x4.4x
Sat, 04 Sep 2021ر.س4.3bر.س940.4mر.س75.5m57.3x57.3x4.6x
Mon, 02 Aug 2021ر.س3.9bر.س940.4mر.س75.5m51.7x51.7x4.2x
Price to Earnings Ratio

42x


Total Market Cap: ر.س3.2bTotal Earnings: ر.س75.5mTotal Revenue: ر.س940.4mTotal Market Cap vs Earnings and Revenue0%0%0%
Saudi Arabian IT Industry Price to Earnings3Y Average 37x202220232024
Current Industry PE
  • Investors are relatively neutral on the Saudi IT 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 37.0x.
  • The 3-year average PS ratio of 4.6x is lower than the industry's current PS ratio of 5.2x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 239% per year over the last three years.
  • Revenues for these companies have grown 183% 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 Market0%
Tech0%
IT0%
Internet Services and Infrastructure0%
IT Consulting0%
Data Processing Services0%
Industry PE
  • Investors are most optimistic about the IT Consulting industry, which is trading close to its 3-year average PE ratio of 37.1x.
    • Analysts expect its future annual earnings growth (15.7%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the IT Consulting industry, which is trading close to its 3-year average of 37.1x.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting 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 Consulting 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?

CompanyLast Price7D1YValuation
No data available
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