Arabian Internet and Communication Services' (TADAWUL:7202) Earnings Are Weaker Than They Seem
Mar 05
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Saudi Arabian (Tadawul) IT Industry Analysis
UpdatedMar 24, 2025
DataAggregated Company Financials
Companies13
- 7D-3.7%
- 3M-10.6%
- 1Y-7.8%
- YTD-8.7%
Over the last 7 days, the IT industry has dropped 3.7%, driven by a pullback from Elm of 3.5%. In contrast, Sure Global Tech has gained 6.3%. The industry has fallen 7.8% in the last year. As for the next few years, earnings are expected to grow by 15% per annum.
Industry Valuation and Performance
Has the Saudi Arabian IT Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 24 Mar 2025 | ر.س123.6b | ر.س23.4b | ر.س3.9b | 33.7x | 32.1x | 5.3x |
| Wed, 19 Feb 2025 | ر.س137.0b | ر.س22.0b | ر.س3.5b | 36.1x | 39x | 6.2x |
| Fri, 17 Jan 2025 | ر.س141.8b | ر.س22.0b | ر.س3.5b | 38.7x | 40.4x | 6.4x |
| Sun, 15 Dec 2024 | ر.س137.0b | ر.س22.0b | ر.س3.5b | 40.5x | 39x | 6.2x |
| Tue, 12 Nov 2024 | ر.س128.1b | ر.س22.1b | ر.س3.4b | 30.8x | 37.3x | 5.8x |
| Thu, 10 Oct 2024 | ر.س131.3b | ر.س21.8b | ر.س3.2b | 28.5x | 41.2x | 6x |
| Sat, 07 Sep 2024 | ر.س128.2b | ر.س21.7b | ر.س3.2b | 30x | 40.3x | 5.9x |
| Mon, 05 Aug 2024 | ر.س120.0b | ر.س21.3b | ر.س3.0b | 34.5x | 39.4x | 5.6x |
| Wed, 03 Jul 2024 | ر.س113.5b | ر.س21.2b | ر.س2.9b | 33.6x | 38.7x | 5.3x |
| Fri, 31 May 2024 | ر.س106.1b | ر.س21.0b | ر.س2.9b | 36.1x | 36.6x | 5.1x |
| Sun, 28 Apr 2024 | ر.س124.3b | ر.س20.6b | ر.س2.8b | 38.1x | 44.4x | 6x |
| Tue, 26 Mar 2024 | ر.س132.6b | ر.س20.5b | ر.س2.9b | 37.4x | 46.2x | 6.5x |
| Thu, 22 Feb 2024 | ر.س138.1b | ر.س19.7b | ر.س2.8b | 37.1x | 49.6x | 7x |
| Sat, 20 Jan 2024 | ر.س122.6b | ر.س19.7b | ر.س2.8b | 31.3x | 44x | 6.2x |
| Mon, 18 Dec 2023 | ر.س112.4b | ر.س19.7b | ر.س2.8b | 30.4x | 40.4x | 5.7x |
| Wed, 15 Nov 2023 | ر.س103.1b | ر.س19.6b | ر.س2.9b | 26.1x | 35.8x | 5.3x |
| Fri, 13 Oct 2023 | ر.س102.7b | ر.س18.4b | ر.س2.7b | 27.3x | 37.6x | 5.6x |
| Sun, 10 Sep 2023 | ر.س111.9b | ر.س18.4b | ر.س2.7b | 27.9x | 40.9x | 6.1x |
| Tue, 08 Aug 2023 | ر.س102.1b | ر.س17.6b | ر.س2.5b | 29.8x | 40.4x | 5.8x |
| Thu, 06 Jul 2023 | ر.س94.4b | ر.س17.1b | ر.س2.5b | 30.2x | 38.4x | 5.5x |
| Sat, 03 Jun 2023 | ر.س79.2b | ر.س16.8b | ر.س2.4b | 30.5x | 32.8x | 4.7x |
| Mon, 01 May 2023 | ر.س77.0b | ر.س16.1b | ر.س2.3b | 28.1x | 33.2x | 4.8x |
| Wed, 29 Mar 2023 | ر.س71.5b | ر.س16.0b | ر.س2.2b | 25.8x | 32.5x | 4.5x |
| Fri, 24 Feb 2023 | ر.س66.9b | ر.س15.8b | ر.س2.1b | 23.9x | 31.9x | 4.2x |
| Sun, 22 Jan 2023 | ر.س62.2b | ر.س15.8b | ر.س2.1b | 22.5x | 30x | 3.9x |
| Tue, 20 Dec 2022 | ر.س63.0b | ر.س15.7b | ر.س2.1b | 25.2x | 30.5x | 4x |
| Thu, 17 Nov 2022 | ر.س59.4b | ر.س15.6b | ر.س2.1b | 27.3x | 28.8x | 3.8x |
| Sat, 15 Oct 2022 | ر.س59.5b | ر.س14.3b | ر.س1.8b | 32.9x | 33.2x | 4.2x |
| Mon, 12 Sep 2022 | ر.س62.1b | ر.س14.3b | ر.س1.8b | 35x | 34.9x | 4.3x |
| Wed, 10 Aug 2022 | ر.س54.7b | ر.س13.8b | ر.س1.7b | 36.2x | 32.8x | 4x |
| Fri, 08 Jul 2022 | ر.س48.8b | ر.س13.4b | ر.س1.6b | 31.2x | 29.7x | 3.6x |
| Sun, 05 Jun 2022 | ر.س50.5b | ر.س13.3b | ر.س1.6b | 36.7x | 31.1x | 3.8x |
| Tue, 03 May 2022 | ر.س54.3b | ر.س13.0b | ر.س1.5b | 36.2x | 35x | 4.2x |
| Thu, 31 Mar 2022 | ر.س45.5b | ر.س12.8b | ر.س1.5b | 32.2x | 30.6x | 3.6x |
Price to Earnings Ratio
30.6x
Current Industry PE
- Investors are pessimistic on the Saudi IT industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 32.1x which is lower than its 3-year average PE of 37.1x.
- The industry is trading close to its 3-year average PS ratio of 5.2x.
Past Earnings Growth
- The earnings for companies in the IT industry have grown 37% per year over the last three years.
- Revenues for these companies have grown 22% 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 | -1.14% | |
| Tech | -3.72% | |
| IT | -3.73% | |
| Data Processing Services | 0% | 0 |
| IT Consulting | -3.73% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 37.1x.
- Analysts are expecting annual earnings growth of 15.0%, which is lower than the prior year's growth of 29.5% per year.
- Investors are most pessimistic about the IT Consulting industry, which is trading below its 3-year average of 37.1x.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 15% over the next 5 years.
- However this is lower than its past earnings growth rate of 29% per year.
- In contrast, the IT Consulting industry is expected to see its earnings grow by 15% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 9550 Sure Global Tech | ر.س88.00 | 6.3% +ر.س39.3m | -3.2% | PE23x | |
| 9614 Purity for Information Technology | ر.س23.10 | 10.5% +ر.س33.0m | n/a | PE79.8x |