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May 07
Israeli (TA) Tech Sector Analysis
UpdatedMay 17, 2024
DataAggregated Company Financials
Companies56
- 7D-6.3%
- 3M-0.4%
- 1Y14.5%
- YTD6.8%
Over the last 7 days, the Tech industry has risen 1.1%, driven by gains in Matrix IT and NICE of 4.6% and 0.4%, respectively. Meanwhile, Nayax actually underperformed within the industry, shrinking 6.2% in the last week. This takes the industry's 12 month performance to a gain of 24%. Earnings are forecast to grow by 23% annually.
Sector Valuation and Performance
Has the Israeli Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 17 May 2024 | ₪84.0b | ₪48.2b | ₪2.1b | 12.9x | 40.2x | 1.7x |
| Sun, 14 Apr 2024 | ₪92.0b | ₪48.5b | ₪2.1b | 13.2x | 43.8x | 1.9x |
| Tue, 12 Mar 2024 | ₪88.2b | ₪47.7b | ₪2.4b | 11.9x | 37x | 1.8x |
| Thu, 08 Feb 2024 | ₪81.6b | ₪44.1b | ₪2.0b | 11.4x | 40.2x | 1.9x |
| Sat, 06 Jan 2024 | ₪74.8b | ₪45.1b | ₪1.9b | 11.4x | 38.6x | 1.7x |
| Mon, 04 Dec 2023 | ₪73.1b | ₪45.3b | ₪1.9b | 11.3x | 37.6x | 1.6x |
| Wed, 01 Nov 2023 | ₪67.2b | ₪46.4b | ₪1.9b | 12.2x | 35.5x | 1.5x |
| Fri, 29 Sep 2023 | ₪71.5b | ₪45.1b | ₪1.8b | 13.4x | 39.6x | 1.6x |
| Sun, 27 Aug 2023 | ₪77.6b | ₪44.7b | ₪1.7b | 14.4x | 44.7x | 1.7x |
| Tue, 25 Jul 2023 | ₪79.3b | ₪43.2b | ₪1.7b | 15x | 46x | 1.8x |
| Thu, 22 Jun 2023 | ₪75.6b | ₪42.9b | ₪1.6b | 14.5x | 48.1x | 1.8x |
| Sat, 20 May 2023 | ₪71.4b | ₪41.1b | ₪1.6b | 15x | 44.3x | 1.7x |
| Mon, 17 Apr 2023 | ₪81.6b | ₪43.0b | ₪1.7b | 15.1x | 48.9x | 1.9x |
| Wed, 15 Mar 2023 | ₪76.2b | ₪43.8b | ₪1.8b | 14.4x | 42.6x | 1.7x |
| Fri, 10 Feb 2023 | ₪81.4b | ₪42.8b | ₪1.7b | 14.5x | 49x | 1.9x |
| Sun, 08 Jan 2023 | ₪73.7b | ₪42.8b | ₪1.7b | 14.4x | 44x | 1.7x |
| Tue, 06 Dec 2022 | ₪76.0b | ₪42.0b | ₪1.6b | 17.1x | 46.1x | 1.8x |
| Thu, 03 Nov 2022 | ₪75.0b | ₪41.2b | ₪1.6b | 19.5x | 46.7x | 1.8x |
| Sat, 01 Oct 2022 | ₪78.7b | ₪39.9b | ₪1.6b | 17.8x | 48.9x | 2x |
| Mon, 29 Aug 2022 | ₪83.6b | ₪37.9b | ₪1.5b | 20.8x | 55.5x | 2.2x |
| Wed, 27 Jul 2022 | ₪81.8b | ₪37.9b | ₪1.3b | 21x | 65.1x | 2.2x |
| Fri, 24 Jun 2022 | ₪79.2b | ₪39.4b | ₪1.3b | 20.3x | 59.9x | 2x |
| Sun, 22 May 2022 | ₪75.4b | ₪36.7b | ₪1.3b | 19.6x | 60.1x | 2.1x |
| Tue, 19 Apr 2022 | ₪81.9b | ₪35.3b | ₪1.2b | 20.8x | 66.9x | 2.3x |
| Thu, 17 Mar 2022 | ₪81.4b | ₪34.8b | ₪1.2b | 22x | 65.9x | 2.3x |
| Sat, 12 Feb 2022 | ₪96.0b | ₪34.0b | ₪1.3b | 26.1x | 76.5x | 2.8x |
| Mon, 10 Jan 2022 | ₪98.0b | ₪33.4b | ₪1.2b | 26.6x | 81.2x | 2.9x |
| Wed, 08 Dec 2021 | ₪97.4b | ₪33.7b | ₪1.2b | 25.9x | 83.5x | 2.9x |
| Fri, 05 Nov 2021 | ₪97.1b | ₪32.1b | ₪1.2b | 27.2x | 81.4x | 3x |
| Sun, 03 Oct 2021 | ₪95.6b | ₪32.6b | ₪1.2b | 24x | 78.9x | 2.9x |
| Tue, 31 Aug 2021 | ₪96.4b | ₪32.8b | ₪1.3b | 25.6x | 72.8x | 2.9x |
| Wed, 07 Jul 2021 | ₪87.0b | ₪32.8b | ₪1.3b | 26x | 66.6x | 2.7x |
Price to Earnings Ratio
57.2x
Current Industry PE
- Investors are pessimistic on the Israeli Information Technology industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 43.5x which is lower than its 3-year average PE of 54.9x.
- The 3-year average PS ratio of 2.1x is higher than the industry's current PS ratio of 1.9x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 14% per year over the last three years.
- Revenues for these companies have grown 15% 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 Israeli Tech sector?
| IL Market | -2.51% | |
| Tech | -6.32% | |
| Communications | 2.77% | |
| Tech Hardware | 2.43% | |
| Semiconductors | 0.73% | |
| IT | 0.37% | |
| Electronic Equipment and Components | -2.59% | |
| Software | -9.67% | |
Industry PE
- Investors are most optimistic about the Software industry even though it's trading below its 3-year average PE ratio of 97.1x.
- Analysts are expecting annual earnings growth of 15.4%, which is higher than its past year's earnings growth of 3.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Electronic Equipment and Components industry, expecting annual earnings growth of 136% over the next 5 years.
- This is better than its past earnings growth rate of 8.9% per year.
- In contrast, the Software industry is expected to see its earnings grow by 15% 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 | |
|---|---|---|---|---|---|
| NXSN NextVision Stabilized Systems | ₪58.09 | 3.9% +₪173.6m | 322.8% | PE45.2x | |
| MTRX Matrix IT | ₪78.13 | 2.5% +₪120.7m | 7.6% | PE21.1x | |
| PRTC Priortech | ₪180.20 | 1.5% +₪32.1m | 168.8% | PE24.5x | |
| ONE One Software Technologies | ₪54.83 | 0.8% +₪30.8m | 12.9% | PE22.1x | |
| RZR Razor Labs | ₪6.88 | 12.4% +₪29.9m | 1,186.4% | PS51.1x |
