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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?

DateMarket CapRevenueEarningsPE
Sat, 28 May 2022ر.س48.1bر.س13.3bر.س1.6b31.2x
Mon, 25 Apr 2022ر.س48.8bر.س12.4bر.س1.5b32.5x
Wed, 23 Mar 2022ر.س43.5bر.س12.8bر.س1.5b29.7x
Fri, 18 Feb 2022ر.س28.2bر.س8.5bر.س864.1m42.5x
Sun, 16 Jan 2022ر.س27.7bر.س8.5bر.س864.1m43x
Tue, 14 Dec 2021ر.س25.0bر.س8.5bر.س864.1m38.1x
Thu, 11 Nov 2021ر.س27.0bر.س8.5bر.س864.1m38.4x
Sat, 09 Oct 2021ر.س4.1bر.س940.4mر.س75.5m54.2x
Mon, 06 Sep 2021ر.س4.3bر.س940.4mر.س75.5m57.1x
Wed, 04 Aug 2021ر.س4.0bر.س940.4mر.س75.5m53.4x
Sat, 08 May 2021ر.س2.6bر.س1.0bر.س89.5m29.3x
Tue, 09 Feb 2021ر.س2.1bر.س1.0bر.س90.4m23.2x
Mon, 02 Nov 2020ر.س1.4bر.س1.1bر.س100.7m14.1x
Thu, 06 Aug 2020ر.س1.1bر.س1.1bر.س92.6m12x
Sun, 10 May 2020ر.س876.8mر.س1.0bر.س81.2m10.8x
Sat, 01 Feb 2020ر.س742.4mر.س997.5mر.س76.0m9.8x
Tue, 05 Nov 2019ر.س796.0mر.س953.3mر.س75.4m10.6x
Fri, 09 Aug 2019ر.س892.8mر.س940.0mر.س77.4m11.5x
Median PE Ratio

9.8x


Total Market Cap: ر.س759.2mTotal Earnings: ر.س77.4mTotal Revenue: ر.س975.3mTotal Market Cap vs Earnings and Revenue0%0%0%
Saudi Arabian IT Industry Median PE3Y Average 22.8x202020212022
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 Infrastructure0%
Data Processing Services0%
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?

    CompanyLast Price7D1YValuation
    9534 Saudi Azm for Communication and Information Technologyر.س167.004.5%
    +ر.س21.6m
    n/aPS35.5x
    Simply Wall St
    Simply Wall Street Pty Ltd
    17-21 Bellevue Street, Surry Hills, Sydney
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