Top Ramdor Systems & Computers Co. (1990) Ltd's (TLV:TOPS) 25% Price Boost Is Out Of Tune With Earnings
Apr 25
Israeli (TA) Software Industry Analysis
UpdatedMay 13, 2024
DataAggregated Company Financials
Companies21
- 7D2.5%
- 3M5.7%
- 1Y29.6%
- YTD17.4%
In the last week, the Software industry is flat overall, with NRGene Technologies standing out by going down 21%. The past year has been better, since the industry has gained 23% in that time. Earnings are forecast to grow by 15% annually.
Industry Valuation and Performance
Has the Israeli Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 13 May 2024 | ₪56.0b | ₪10.5b | ₪1.1b | 13.6x | 52.3x | 5.3x |
| Wed, 10 Apr 2024 | ₪59.5b | ₪10.5b | ₪1.1b | 13.9x | 55.8x | 5.7x |
| Fri, 08 Mar 2024 | ₪56.1b | ₪10.3b | ₪911.6m | 12.9x | 61.5x | 5.5x |
| Sun, 04 Feb 2024 | ₪49.9b | ₪10.3b | ₪896.2m | 12.5x | 55.7x | 4.8x |
| Tue, 02 Jan 2024 | ₪48.0b | ₪10.2b | ₪881.0m | 11.5x | 54.5x | 4.7x |
| Thu, 30 Nov 2023 | ₪47.1b | ₪10.3b | ₪898.7m | 13x | 52.4x | 4.6x |
| Sat, 28 Oct 2023 | ₪41.5b | ₪11.1b | ₪888.6m | 11.4x | 46.7x | 3.7x |
| Mon, 25 Sep 2023 | ₪43.5b | ₪10.5b | ₪825.9m | 11.9x | 52.6x | 4.2x |
| Wed, 23 Aug 2023 | ₪49.3b | ₪10.4b | ₪735.8m | 12.9x | 67x | 4.7x |
| Fri, 21 Jul 2023 | ₪51.7b | ₪9.8b | ₪549.9m | 29.7x | 94.1x | 5.3x |
| Sun, 18 Jun 2023 | ₪53.0b | ₪9.7b | ₪539.6m | 32.2x | 98.2x | 5.5x |
| Tue, 16 May 2023 | ₪44.6b | ₪9.9b | ₪536.5m | 28x | 83.2x | 4.5x |
| Thu, 13 Apr 2023 | ₪57.0b | ₪11.9b | ₪669.9m | 20.3x | 85.1x | 4.8x |
| Sat, 11 Mar 2023 | ₪53.8b | ₪11.4b | ₪694.3m | 18.9x | 77.4x | 4.7x |
| Mon, 06 Feb 2023 | ₪53.6b | ₪10.8b | ₪594.9m | 20.9x | 90x | 4.9x |
| Wed, 04 Jan 2023 | ₪48.6b | ₪11.1b | ₪610.0m | 20.4x | 79.6x | 4.4x |
| Fri, 02 Dec 2022 | ₪46.6b | ₪10.6b | ₪596.8m | 21.8x | 78.2x | 4.4x |
| Sun, 30 Oct 2022 | ₪49.5b | ₪10.6b | ₪530.9m | 22.4x | 93.3x | 4.7x |
| Tue, 27 Sep 2022 | ₪48.8b | ₪10.6b | ₪527.8m | 24.5x | 92.5x | 4.6x |
| Thu, 25 Aug 2022 | ₪52.7b | ₪9.7b | ₪446.2m | 26.8x | 118.2x | 5.4x |
| Sat, 23 Jul 2022 | ₪54.0b | ₪9.8b | ₪380.7m | 24.9x | 141.8x | 5.5x |
| Mon, 20 Jun 2022 | ₪49.5b | ₪9.9b | ₪382.5m | 22.3x | 129.3x | 5x |
| Wed, 18 May 2022 | ₪48.7b | ₪9.5b | ₪397.7m | 26.9x | 122.4x | 5.1x |
| Fri, 15 Apr 2022 | ₪52.2b | ₪9.0b | ₪370.0m | 27.6x | 141.2x | 5.8x |
| Sun, 13 Mar 2022 | ₪52.5b | ₪8.8b | ₪424.7m | 30.7x | 123.7x | 5.9x |
| Tue, 08 Feb 2022 | ₪60.7b | ₪8.4b | ₪424.2m | 30.5x | 143.1x | 7.2x |
| Thu, 06 Jan 2022 | ₪66.9b | ₪8.3b | ₪415.2m | 33x | 161.2x | 8.1x |
| Sat, 04 Dec 2021 | ₪66.6b | ₪8.4b | ₪429.5m | 30x | 155.1x | 8x |
| Mon, 01 Nov 2021 | ₪64.7b | ₪7.8b | ₪466.6m | 29x | 138.7x | 8.3x |
| Wed, 29 Sep 2021 | ₪66.3b | ₪7.9b | ₪470.9m | 28.9x | 140.8x | 8.4x |
| Fri, 27 Aug 2021 | ₪66.7b | ₪8.0b | ₪571.6m | 28.9x | 116.6x | 8.3x |
| Sat, 03 Jul 2021 | ₪58.0b | ₪8.1b | ₪560.4m | 25.4x | 103.4x | 7.2x |
Price to Earnings Ratio
77.1x
Current Industry PE
- Investors are pessimistic on the Israeli Software 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 51.2x which is lower than its 3-year average PE of 97.3x.
- The industry is trading close to its 3-year average PS ratio of 5.6x.
Past Earnings Growth
- The earnings for companies in the Software industry have grown 17% per year over the last three years.
- Revenues for these companies have grown 10.0% 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 industry?
| IL Market | 1.23% | |
| Tech | 3.13% | |
| Software | 2.53% | |
| Application Software | 2.60% | |
| Systems Software | -1.72% | |
Industry PE
- Investors are most optimistic about the Application Software industry even though it's trading below its 3-year average PE ratio of 93.6x.
- Analysts are expecting annual earnings growth of 14.3%, which is higher than its past year's earnings growth of 4.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 99% over the next 5 years.
- This is better than its past earnings growth rate of 3.1% per year.
- In contrast, the Application Software industry is expected to see its earnings grow by 14% 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 | |
|---|---|---|---|---|---|
| NICE NICE | ₪845.50 | 1.8% +₪933.3m | 24.7% | PE42.2x | |
| TECT Tectona | ₪1.27 | 8.5% +₪9.5m | 364.2% | PE46.2x | |
| RZR Razor Labs | ₪6.56 | 3.3% +₪8.2m | 1,120.7% | PS48.7x | |
| SHMM Shamaym Improve | ₪1.60 | 51.2% +₪3.9m | 93.3% | PS4x | |
| GLBX Glassbox | ₪39.20 | 0.8% +₪3.7m | 96.2% | PS2.6x |