Many Would Be Envious Of Edarat Communication and Information Technology's (TADAWUL:9557) Excellent Returns On Capital
Apr 17
Saudi Arabian (Tadawul) IT Consulting Industry Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies12
- 7D-1.4%
- 3M1.4%
- 1Y61.0%
- YTDn/a
Over the last 7 days, the IT Consulting industry has dropped 2.2%, driven by a pullback from Arabian Internet and Communication Services of 2.8%. Over the past 12 months, the industry was up 66%. Looking forward, earnings are forecast to grow by 15% annually.
Industry Valuation and Performance
Has the Saudi Arabian IT Consulting Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Apr 2024 | ر.س124.7b | ر.س20.6b | ر.س2.8b | 38.1x | 44.5x | 6x |
| Sun, 24 Mar 2024 | ر.س134.2b | ر.س20.5b | ر.س2.9b | 37.8x | 46.8x | 6.5x |
| Tue, 20 Feb 2024 | ر.س140.2b | ر.س19.7b | ر.س2.8b | 37.4x | 50.3x | 7.1x |
| Thu, 18 Jan 2024 | ر.س124.3b | ر.س19.7b | ر.س2.8b | 30.9x | 44.6x | 6.3x |
| Sat, 16 Dec 2023 | ر.س110.3b | ر.س19.7b | ر.س2.8b | 29.9x | 39.6x | 5.6x |
| Mon, 13 Nov 2023 | ر.س102.2b | ر.س19.5b | ر.س2.9b | 25.8x | 35.5x | 5.2x |
| Wed, 11 Oct 2023 | ر.س105.5b | ر.س18.4b | ر.س2.7b | 29.6x | 38.6x | 5.7x |
| Fri, 08 Sep 2023 | ر.س111.0b | ر.س18.4b | ر.س2.7b | 27.9x | 40.6x | 6x |
| Sun, 06 Aug 2023 | ر.س102.1b | ر.س17.1b | ر.س2.5b | 31.3x | 41.5x | 6x |
| Tue, 04 Jul 2023 | ر.س94.4b | ر.س17.1b | ر.س2.5b | 31x | 38.3x | 5.5x |
| Thu, 01 Jun 2023 | ر.س79.7b | ر.س16.8b | ر.س2.4b | 29.8x | 33x | 4.8x |
| Sat, 29 Apr 2023 | ر.س77.0b | ر.س16.1b | ر.س2.3b | 28.4x | 33.2x | 4.8x |
| Mon, 27 Mar 2023 | ر.س71.9b | ر.س16.0b | ر.س2.2b | 25.4x | 32.7x | 4.5x |
| Wed, 22 Feb 2023 | ر.س66.5b | ر.س15.8b | ر.س2.1b | 24x | 31.7x | 4.2x |
| Fri, 20 Jan 2023 | ر.س62.2b | ر.س15.8b | ر.س2.1b | 22.5x | 30x | 3.9x |
| Sun, 18 Dec 2022 | ر.س65.1b | ر.س15.7b | ر.س2.1b | 26.5x | 31.5x | 4.1x |
| Tue, 15 Nov 2022 | ر.س56.0b | ر.س14.7b | ر.س1.9b | 28.3x | 29x | 3.8x |
| Thu, 13 Oct 2022 | ر.س60.6b | ر.س14.3b | ر.س1.8b | 32.6x | 33.9x | 4.2x |
| Sat, 10 Sep 2022 | ر.س61.3b | ر.س14.3b | ر.س1.8b | 34.9x | 34.4x | 4.3x |
| Mon, 08 Aug 2022 | ر.س53.6b | ر.س13.8b | ر.س1.7b | 36x | 32.1x | 3.9x |
| Wed, 06 Jul 2022 | ر.س48.1b | ر.س13.4b | ر.س1.6b | 30.5x | 29.2x | 3.6x |
| Fri, 03 Jun 2022 | ر.س49.6b | ر.س13.3b | ر.س1.6b | 34.9x | 30.5x | 3.7x |
| Sun, 01 May 2022 | ر.س54.3b | ر.س13.0b | ر.س1.5b | 36.2x | 35x | 4.2x |
| Tue, 29 Mar 2022 | ر.س45.1b | ر.س12.8b | ر.س1.5b | 30.7x | 30.3x | 3.5x |
| Thu, 24 Feb 2022 | ر.س28.4b | ر.س8.8b | ر.س905.0m | 41.2x | 31.4x | 3.2x |
| Sat, 22 Jan 2022 | ر.س29.2b | ر.س8.5b | ر.س864.1m | 43.8x | 33.8x | 3.4x |
| Mon, 20 Dec 2021 | ر.س25.2b | ر.س8.5b | ر.س864.1m | 37.9x | 29.2x | 3x |
| Wed, 17 Nov 2021 | ر.س27.3b | ر.س8.5b | ر.س864.1m | 40.4x | 31.6x | 3.2x |
| Fri, 15 Oct 2021 | ر.س28.4b | ر.س8.4b | ر.س850.5m | 42.4x | 33.4x | 3.4x |
| Sun, 12 Sep 2021 | ر.س4.3b | ر.س940.4m | ر.س75.5m | 56.3x | 56.3x | 4.5x |
| Tue, 10 Aug 2021 | ر.س4.0b | ر.س940.4m | ر.س75.5m | 53.4x | 53.4x | 4.3x |
| Mon, 03 May 2021 | ر.س2.6b | ر.س1.0b | ر.س89.5m | 29.3x | 29.3x | 2.6x |
Price to Earnings Ratio
29.3x
Current Industry PE
- Investors are optimistic on the Saudi IT Consulting and Other Services industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 44.9x which is higher than its 3-year average PE of 36.5x.
- The 3-year average PS ratio of 4.4x is lower than the industry's current PS ratio of 6.1x.
Past Earnings Growth
- The earnings for companies in the IT Consulting and Other Services industry have grown 215% per year over the last three years.
- Revenues for these companies have grown 173% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Saudi Arabian IT Consulting compare with similar industries?
| SA Market | -0.38% | |
| Tech | -1.37% | |
| IT | -1.36% | |
| IT Consulting | -1.36% | |
| Internet Services and Infrastructure | 0% | |
| Data Processing Services | 0% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
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.س17.00 | 6.1% +ر.س58.8m | 48.5% | PE40x | |
| 9557 Edarat Communication and Information Technology | ر.س290.00 | 3.6% +ر.س25.7m | 190.0% | PE42.1x | |
| 9543 Saudi Networkers Services | ر.س73.90 | 1.1% +ر.س4.8m | 27.6% | PE15.4x |
