Al Moammar Information Systems' (TADAWUL:7200) Weak Earnings Might Be Worse Than They Appear
May 29
Saudi Arabian (Tadawul) IT Industry Analysis
UpdatedJun 15, 2024
DataAggregated Company Financials
Companies12
- 7D1.0%
- 3M-18.8%
- 1Y17.3%
- YTD-4.2%
Over the last 7 days, the IT industry has remained flat, although notably Al Moammar Information Systems gained 13%. The past year has been better, since the industry has gained 17% in that time. Looking forward, earnings are forecast to grow by 16% annually.
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 |
|---|---|---|---|---|---|---|
| Sat, 15 Jun 2024 | ر.س110.5b | ر.س21.0b | ر.س2.9b | 36.4x | 38x | 5.3x |
| Mon, 13 May 2024 | ر.س123.7b | ر.س20.8b | ر.س2.8b | 39.4x | 43.4x | 6x |
| Wed, 10 Apr 2024 | ر.س134.7b | ر.س20.6b | ر.س2.8b | 37.8x | 48.1x | 6.5x |
| Fri, 08 Mar 2024 | ر.س138.9b | ر.س20.2b | ر.س2.8b | 37.2x | 50.4x | 6.9x |
| Sun, 04 Feb 2024 | ر.س122.9b | ر.س19.7b | ر.س2.8b | 33x | 44.1x | 6.2x |
| Tue, 02 Jan 2024 | ر.س115.3b | ر.س19.7b | ر.س2.8b | 30.1x | 41.4x | 5.8x |
| Thu, 30 Nov 2023 | ر.س104.6b | ر.س19.7b | ر.س2.8b | 28.3x | 37.6x | 5.3x |
| Sat, 28 Oct 2023 | ر.س100.2b | ر.س18.4b | ر.س2.7b | 28.1x | 36.7x | 5.5x |
| Mon, 25 Sep 2023 | ر.س101.2b | ر.س18.4b | ر.س2.7b | 28.1x | 37.1x | 5.5x |
| Wed, 23 Aug 2023 | ر.س107.0b | ر.س18.1b | ر.س2.7b | 29.3x | 39.5x | 5.9x |
| Fri, 21 Jul 2023 | ر.س108.5b | ر.س17.1b | ر.س2.5b | 31.3x | 44.1x | 6.3x |
| Sun, 18 Jun 2023 | ر.س94.2b | ر.س17.1b | ر.س2.5b | 30.9x | 38.3x | 5.5x |
| Tue, 16 May 2023 | ر.س80.1b | ر.س16.1b | ر.س2.3b | 26.7x | 34.5x | 5x |
| Thu, 13 Apr 2023 | ر.س74.2b | ر.س15.9b | ر.س2.3b | 28.2x | 32.5x | 4.7x |
| Sat, 11 Mar 2023 | ر.س67.3b | ر.س15.8b | ر.س2.1b | 27.9x | 32.1x | 4.3x |
| Mon, 06 Feb 2023 | ر.س63.5b | ر.س15.8b | ر.س2.1b | 22.1x | 30.3x | 4x |
| Wed, 04 Jan 2023 | ر.س62.0b | ر.س15.7b | ر.س2.1b | 26.4x | 30x | 3.9x |
| Fri, 02 Dec 2022 | ر.س62.3b | ر.س15.7b | ر.س2.1b | 25.9x | 30.2x | 4x |
| Sun, 30 Oct 2022 | ر.س59.5b | ر.س14.3b | ر.س1.8b | 30x | 33.2x | 4.2x |
| Tue, 27 Sep 2022 | ر.س55.3b | ر.س14.3b | ر.س1.8b | 31.9x | 31x | 3.9x |
| Thu, 25 Aug 2022 | ر.س62.0b | ر.س14.3b | ر.س1.8b | 34.6x | 34.9x | 4.3x |
| Sat, 23 Jul 2022 | ر.س53.4b | ر.س13.4b | ر.س1.6b | 34.2x | 32.5x | 4x |
| Mon, 20 Jun 2022 | ر.س48.1b | ر.س13.5b | ر.س1.6b | 34.4x | 29.4x | 3.6x |
| Wed, 18 May 2022 | ر.س50.2b | ر.س13.3b | ر.س1.6b | 31.4x | 30.8x | 3.8x |
| Fri, 15 Apr 2022 | ر.س47.6b | ر.س12.4b | ر.س1.5b | 32x | 32.3x | 3.8x |
| Sun, 13 Mar 2022 | ر.س44.1b | ر.س12.6b | ر.س1.5b | 29x | 29.2x | 3.5x |
| Tue, 08 Feb 2022 | ر.س27.8b | ر.س8.5b | ر.س864.1m | 42.4x | 32.2x | 3.3x |
| Thu, 06 Jan 2022 | ر.س27.2b | ر.س8.5b | ر.س864.1m | 42.7x | 31.5x | 3.2x |
| Sat, 04 Dec 2021 | ر.س26.1b | ر.س8.5b | ر.س864.1m | 40.1x | 30.3x | 3.1x |
| Mon, 01 Nov 2021 | ر.س27.4b | ر.س8.5b | ر.س864.1m | 41.3x | 31.8x | 3.2x |
| Wed, 29 Sep 2021 | ر.س4.1b | ر.س940.4m | ر.س75.5m | 54.6x | 54.6x | 4.4x |
| Fri, 27 Aug 2021 | ر.س4.1b | ر.س940.4m | ر.س75.5m | 54.4x | 54.4x | 4.4x |
| Sat, 03 Jul 2021 | ر.س3.2b | ر.س940.4m | ر.س75.5m | 42x | 42x | 3.4x |
Price to Earnings Ratio
42x
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 37.0x.
- The 3-year average PS ratio of 4.6x is lower than the industry's current PS ratio of 5.3x.
Past Earnings Growth
- The earnings for companies in the IT industry have grown 238% per year over the last three years.
- Revenues for these companies have grown 182% 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 | -1.57% | |
| Tech | 0.97% | |
| IT | 0.99% | |
| IT Consulting | 0.99% | |
| 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 37.0x.
- Analysts are expecting annual earnings growth of 15.7%, which is higher than its past year's earnings growth of 10.0% per year.
- Investors are most pessimistic about the IT Consulting industry, which is trading close to its 3-year average of 37.0x.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 16% over the next 5 years.
- This is better than its past earnings growth rate of 10% per year.
- 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 | |
|---|---|---|---|---|---|
| 7200 Al Moammar Information Systems | ر.س163.00 | 12.9% +ر.س556.5m | 9.4% | PE120.4x | |
| 7203 Elm | ر.س821.00 | 0.7% +ر.س450.6m | 42.8% | PE46.3x | |
| 9534 Saudi Azm for Communication and Information Technology | ر.س16.80 | 9.8% +ر.س90.0m | 38.7% | PE39.5x | |
| 9557 Edarat Communication and Information Technology | ر.س350.80 | 5.7% +ر.س47.9m | 78.3% | PE50.9x | |
| 9538 Naseej for Technology | ر.س58.00 | 10.5% +ر.س27.5m | -20.5% | PE22.2x |
