Saudi Arabian (Tadawul) IT Industry Analysis
UpdatedMay 26, 2022
DataAggregated Company Financials
Companies5
- 7D-6.3%
- 3M9.8%
- 1Y5.4%
- YTD18.3%
Over the last 7 days, the IT industry has dropped 6.3%, driven by Elm declining 5.6%. Over the past 12 months, the industry was up 5.4%. Earnings are forecast to grow by 6.6% annually.
Industry Valuation and Performance
Has the Saudi Arabian IT Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Sat, 28 May 2022 | ر.س48.1b | ر.س13.3b | ر.س1.6b | 31.2x |
| Mon, 25 Apr 2022 | ر.س48.8b | ر.س12.4b | ر.س1.5b | 32.5x |
| Wed, 23 Mar 2022 | ر.س43.5b | ر.س12.8b | ر.س1.5b | 29.7x |
| Fri, 18 Feb 2022 | ر.س28.2b | ر.س8.5b | ر.س864.1m | 42.5x |
| Sun, 16 Jan 2022 | ر.س27.7b | ر.س8.5b | ر.س864.1m | 43x |
| Tue, 14 Dec 2021 | ر.س25.0b | ر.س8.5b | ر.س864.1m | 38.1x |
| Thu, 11 Nov 2021 | ر.س27.0b | ر.س8.5b | ر.س864.1m | 38.4x |
| Sat, 09 Oct 2021 | ر.س4.1b | ر.س940.4m | ر.س75.5m | 54.2x |
| Mon, 06 Sep 2021 | ر.س4.3b | ر.س940.4m | ر.س75.5m | 57.1x |
| Wed, 04 Aug 2021 | ر.س4.0b | ر.س940.4m | ر.س75.5m | 53.4x |
| Sat, 08 May 2021 | ر.س2.6b | ر.س1.0b | ر.س89.5m | 29.3x |
| Tue, 09 Feb 2021 | ر.س2.1b | ر.س1.0b | ر.س90.4m | 23.2x |
| Mon, 02 Nov 2020 | ر.س1.4b | ر.س1.1b | ر.س100.7m | 14.1x |
| Thu, 06 Aug 2020 | ر.س1.1b | ر.س1.1b | ر.س92.6m | 12x |
| Sun, 10 May 2020 | ر.س876.8m | ر.س1.0b | ر.س81.2m | 10.8x |
| Sat, 01 Feb 2020 | ر.س742.4m | ر.س997.5m | ر.س76.0m | 9.8x |
| Tue, 05 Nov 2019 | ر.س796.0m | ر.س953.3m | ر.س75.4m | 10.6x |
| Fri, 09 Aug 2019 | ر.س892.8m | ر.س940.0m | ر.س77.4m | 11.5x |
Median PE Ratio
9.8x
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 31.2x which is higher than its 3-year average PE of 23.0x.
Past Earnings Growth
- The earnings for companies in the IT industry have grown 176% per year over the last three years.
- Revenues for these companies have grown 139% 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 | -0.94% | |
| Tech | -6.19% | |
| IT | -6.29% | |
| Internet Services and Infrastructure | 0% | |
| Data Processing Services | 0% | |
| IT Consulting | -6.29% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 23.2x.
- Analysts are expecting annual earnings growth of 6.6%, which is lower than the prior year's growth of 15% per year. So the market might believe that analysts are underestimating future growth.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 9534 Saudi Azm for Communication and Information Technology | ر.س167.00 | 4.5% +ر.س21.6m | n/a | PS35.5x |