Optimistic Investors Push Edarat Communication and Information Technology Co. (TADAWUL:9557) Shares Up 27% But Growth Is Lacking
May 09
Saudi Arabian (Tadawul) IT Consulting Industry Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies12
- 7D-6.9%
- 3M-16.0%
- 1Y40.5%
- YTDn/a
Over the last 7 days, the IT Consulting industry has dropped 7.6%, driven by Elm declining 7.5%. This takes the industry's 12 month performance to a gain of 41%. 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 |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | ر.س115.2b | ر.س20.8b | ر.س2.9b | 36x | 40.4x | 5.5x |
| Tue, 16 Apr 2024 | ر.س133.3b | ر.س20.6b | ر.س2.8b | 38x | 47.6x | 6.5x |
| Thu, 14 Mar 2024 | ر.س135.1b | ر.س20.5b | ر.س2.9b | 37.9x | 47.1x | 6.6x |
| Sat, 10 Feb 2024 | ر.س127.1b | ر.س19.7b | ر.س2.8b | 34.4x | 45.6x | 6.4x |
| Mon, 08 Jan 2024 | ر.س116.1b | ر.س19.7b | ر.س2.8b | 30.7x | 41.7x | 5.9x |
| Wed, 06 Dec 2023 | ر.س106.7b | ر.س19.7b | ر.س2.8b | 28.1x | 38.3x | 5.4x |
| Fri, 03 Nov 2023 | ر.س100.1b | ر.س18.4b | ر.س2.7b | 26.9x | 36.7x | 5.4x |
| Sun, 01 Oct 2023 | ر.س109.0b | ر.س18.4b | ر.س2.7b | 28.7x | 39.9x | 5.9x |
| Tue, 29 Aug 2023 | ر.س119.4b | ر.س18.3b | ر.س2.7b | 28.4x | 43.6x | 6.5x |
| Thu, 27 Jul 2023 | ر.س110.8b | ر.س17.1b | ر.س2.5b | 31x | 45x | 6.5x |
| Sat, 24 Jun 2023 | ر.س94.3b | ر.س17.1b | ر.س2.5b | 32.5x | 38.3x | 5.5x |
| Mon, 22 May 2023 | ر.س81.9b | ر.س16.8b | ر.س2.4b | 26x | 33.9x | 4.9x |
| Wed, 19 Apr 2023 | ر.س76.0b | ر.س16.1b | ر.س2.3b | 28.7x | 32.7x | 4.7x |
| Fri, 17 Mar 2023 | ر.س67.9b | ر.س16.0b | ر.س2.2b | 26x | 30.9x | 4.2x |
| Sun, 12 Feb 2023 | ر.س66.3b | ر.س15.8b | ر.س2.1b | 25.2x | 31.6x | 4.2x |
| Tue, 10 Jan 2023 | ر.س61.8b | ر.س15.7b | ر.س2.1b | 25.8x | 29.9x | 3.9x |
| Thu, 08 Dec 2022 | ر.س60.9b | ر.س15.7b | ر.س2.1b | 26x | 29.5x | 3.9x |
| Sat, 05 Nov 2022 | ر.س61.2b | ر.س14.6b | ر.س1.8b | 28.9x | 33.4x | 4.2x |
| Mon, 03 Oct 2022 | ر.س57.3b | ر.س14.3b | ر.س1.8b | 31x | 32x | 4x |
| Wed, 31 Aug 2022 | ر.س63.7b | ر.س14.3b | ر.س1.8b | 35.9x | 35.8x | 4.5x |
| Fri, 29 Jul 2022 | ر.س54.9b | ر.س13.5b | ر.س1.7b | 36.5x | 33.3x | 4.1x |
| Sun, 26 Jun 2022 | ر.س48.0b | ر.س13.4b | ر.س1.6b | 31.2x | 29.2x | 3.6x |
| Tue, 24 May 2022 | ر.س50.0b | ر.س13.3b | ر.س1.6b | 32.5x | 30.7x | 3.8x |
| Thu, 21 Apr 2022 | ر.س47.4b | ر.س12.4b | ر.س1.5b | 32.3x | 32.2x | 3.8x |
| Sat, 19 Mar 2022 | ر.س27.8b | ر.س8.9b | ر.س920.5m | 29.5x | 30.2x | 3.1x |
| Mon, 14 Feb 2022 | ر.س28.2b | ر.س8.5b | ر.س864.1m | n/a | 32.7x | 3.3x |
| Wed, 12 Jan 2022 | ر.س26.9b | ر.س8.5b | ر.س864.1m | 42x | 31.1x | 3.2x |
| Fri, 10 Dec 2021 | ر.س24.9b | ر.س8.5b | ر.س864.1m | 38.4x | 28.8x | 2.9x |
| Sun, 07 Nov 2021 | ر.س27.4b | ر.س8.5b | ر.س864.1m | 41.1x | 31.7x | 3.2x |
| Tue, 05 Oct 2021 | ر.س4.1b | ر.س940.4m | ر.س75.5m | 54.6x | 54.6x | 4.4x |
| Thu, 02 Sep 2021 | ر.س4.3b | ر.س940.4m | ر.س75.5m | 57.3x | 57.3x | 4.6x |
| Sat, 31 Jul 2021 | ر.س3.8b | ر.س940.4m | ر.س75.5m | 50.9x | 50.9x | 4.1x |
Price to Earnings Ratio
30.6x
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 40.7x which is higher than its 3-year average PE of 36.8x.
- The 3-year average PS ratio of 4.5x is lower than the industry's current PS ratio of 5.6x.
Past Earnings Growth
- The earnings for companies in the IT Consulting and Other Services industry have grown 217% per year over the last three years.
- Revenues for these companies have grown 174% 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 | -0.48% | |
| Tech | -6.83% | |
| IT | -6.86% | |
| IT Consulting | -6.86% | |
| 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 | |
|---|---|---|---|---|---|
| 9557 Edarat Communication and Information Technology | ر.س341.00 | 1.5% +ر.س12.6m | 197.8% | PE49.5x | |
| 9524 Advance International Company for Communication and Information Technology | ر.س5.19 | 3.8% +ر.س12.2m | 64.0% | PE49.5x | |
| 9550 Sure Global Tech | ر.س85.40 | 1.8% +ر.س11.5m | 106.6% | n/a | |
| 9558 Alqemam for Computer Systems | ر.س83.00 | 2.1% +ر.س5.1m | 22.1% | PE17.1x |
