Sure Global Tech (TADAWUL:9550) Looks To Prolong Its Impressive Returns
Nov 19
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Saudi Arabian (Tadawul) IT Industry Analysis
UpdatedNov 19, 2024
DataAggregated Company Financials
Companies13
- 7D3.9%
- 3M4.3%
- 1Y27.5%
- YTD15.1%
Over the last 7 days, the IT industry has risen 3.9%, driven by gains from Elm of 6.4%. This takes the industry's 12 month performance to a gain of 28%. As for the next few years, earnings are expected to grow by 16% 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 |
|---|---|---|---|---|---|---|
| Tue, 19 Nov 2024 | ر.س133.1b | ر.س22.1b | ر.س3.4b | 32.6x | 38.7x | 6x |
| Thu, 17 Oct 2024 | ر.س129.7b | ر.س21.8b | ر.س3.2b | 29.8x | 40.6x | 6x |
| Sat, 14 Sep 2024 | ر.س125.7b | ر.س21.7b | ر.س3.2b | 30x | 39.5x | 5.8x |
| Mon, 12 Aug 2024 | ر.س117.1b | ر.س21.7b | ر.س3.2b | 27.6x | 36.7x | 5.4x |
| Wed, 10 Jul 2024 | ر.س111.7b | ر.س21.2b | ر.س2.9b | 32.1x | 38.1x | 5.3x |
| Fri, 07 Jun 2024 | ر.س109.5b | ر.س21.0b | ر.س2.9b | 34.9x | 37.7x | 5.2x |
| Sun, 05 May 2024 | ر.س127.2b | ر.س20.6b | ر.س2.8b | 39.5x | 45.4x | 6.2x |
| Tue, 02 Apr 2024 | ر.س132.8b | ر.س20.5b | ر.س2.9b | 37.4x | 46.3x | 6.5x |
| Thu, 29 Feb 2024 | ر.س135.7b | ر.س19.7b | ر.س2.8b | 39x | 48.7x | 6.9x |
| Sat, 27 Jan 2024 | ر.س122.6b | ر.س19.7b | ر.س2.8b | 31.7x | 44x | 6.2x |
| Mon, 25 Dec 2023 | ر.س112.9b | ر.س19.7b | ر.س2.8b | 31x | 40.5x | 5.7x |
| Wed, 22 Nov 2023 | ر.س104.2b | ر.س19.7b | ر.س2.8b | 30x | 37.4x | 5.3x |
| Fri, 20 Oct 2023 | ر.س104.0b | ر.س18.4b | ر.س2.7b | 29x | 38.1x | 5.7x |
| Sun, 17 Sep 2023 | ر.س104.5b | ر.س18.4b | ر.س2.7b | 26.7x | 38.3x | 5.7x |
| Tue, 15 Aug 2023 | ر.س105.6b | ر.س18.1b | ر.س2.7b | 30x | 39x | 5.8x |
| Thu, 13 Jul 2023 | ر.س104.5b | ر.س17.1b | ر.س2.5b | 29.7x | 42.4x | 6.1x |
| Sat, 10 Jun 2023 | ر.س94.0b | ر.س17.1b | ر.س2.5b | 30.8x | 38.2x | 5.5x |
| Mon, 08 May 2023 | ر.س75.9b | ر.س16.1b | ر.س2.3b | 27.8x | 32.7x | 4.7x |
| Wed, 05 Apr 2023 | ر.س77.1b | ر.س16.0b | ر.س2.2b | 26.1x | 35x | 4.8x |
| Fri, 03 Mar 2023 | ر.س65.2b | ر.س15.8b | ر.س2.1b | 24.2x | 31.1x | 4.1x |
| Sun, 29 Jan 2023 | ر.س62.7b | ر.س15.8b | ر.س2.1b | 22.6x | 30.2x | 4x |
| Tue, 27 Dec 2022 | ر.س61.0b | ر.س15.7b | ر.س2.1b | 26.3x | 29.5x | 3.9x |
| Thu, 24 Nov 2022 | ر.س59.3b | ر.س15.7b | ر.س2.1b | 27.2x | 28.7x | 3.8x |
| Sat, 22 Oct 2022 | ر.س61.2b | ر.س14.3b | ر.س1.8b | 30.5x | 34.2x | 4.3x |
| Mon, 19 Sep 2022 | ر.س57.8b | ر.س14.3b | ر.س1.8b | 32.7x | 32.4x | 4x |
| Wed, 17 Aug 2022 | ر.س56.4b | ر.س13.8b | ر.س1.8b | 33.6x | 32.2x | 4.1x |
| Fri, 15 Jul 2022 | ر.س50.5b | ر.س13.4b | ر.س1.6b | 31.8x | 30.7x | 3.8x |
| Sun, 12 Jun 2022 | ر.س52.6b | ر.س13.3b | ر.س1.6b | 36.5x | 32.4x | 4x |
| Tue, 10 May 2022 | ر.س53.2b | ر.س13.0b | ر.س1.5b | 35x | 34.3x | 4.1x |
| Thu, 07 Apr 2022 | ر.س49.1b | ر.س12.8b | ر.س1.5b | 32.9x | 33x | 3.9x |
| Sat, 05 Mar 2022 | ر.س42.8b | ر.س12.5b | ر.س1.5b | 29.1x | 28.6x | 3.4x |
| Mon, 31 Jan 2022 | ر.س27.9b | ر.س8.5b | ر.س864.1m | n/a | 32.3x | 3.3x |
| Wed, 29 Dec 2021 | ر.س25.7b | ر.س8.5b | ر.س864.1m | 39.2x | 29.7x | 3x |
| Fri, 26 Nov 2021 | ر.س27.3b | ر.س8.5b | ر.س864.1m | 40.5x | 31.6x | 3.2x |
Price to Earnings Ratio
31.6x
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 36.2x.
- The 3-year average PS ratio of 4.9x is lower than the industry's current PS ratio of 6.0x.
Past Earnings Growth
- The earnings for companies in the IT industry have grown 58% per year over the last three years.
- Revenues for these companies have grown 38% 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 | -1.34% | |
| Tech | 3.85% | |
| IT | 3.89% | |
| IT Consulting | 3.89% | |
| Internet Services and Infrastructure | 0% | |
| Data Processing Services | 0% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry, which is trading close to its 3-year average PE ratio of 36.3x.
- Analysts expect its future annual earnings growth (16.2%) 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 36.3x.
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 7203 Elm | ر.س1.12k | 1.5% +ر.س1.3b | 52.7% | PE52.4x | |
| 7202 Arabian Internet and Communication Services | ر.س259.80 | 1.3% +ر.س404.6m | -18.0% | PE21.6x | |
| 9550 Sure Global Tech | ر.س83.00 | 14.2% +ر.س77.8m | 84.4% | PE21.7x | |
| 9557 Edarat Communication and Information Technology | ر.س515.20 | 3.2% +ر.س40.8m | 204.0% | PE62.7x | |
| 7200 Al Moammar Information Systems | ر.س189.40 | 0.6% +ر.س36.0m | 53.0% | PE168.9x |
Latest News
9524
ر.س3.80
Advance International Company for Communication and Information Technology
7D
-2.6%
1Y
6.1%
