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Mar 23
Polish (WIG) IT Industry Analysis
UpdatedMay 18, 2024
DataAggregated Company Financials
Companies30
- 7D1.7%
- 3M4.6%
- 1Y27.7%
- YTD12.7%
In the last week, the IT industry is up 1.9%, with Comp leading the way, up 18%. This takes the industry's 12 month performance to a gain of 28%. As for the next few years, earnings are expected to grow by 15% per annum.
Industry Valuation and Performance
Has the Polish IT Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 18 May 2024 | zł8.2b | zł7.4b | zł428.5m | 14.9x | 19.1x | 1.1x |
| Mon, 15 Apr 2024 | zł8.2b | zł7.3b | zł419.3m | 13x | 19.7x | 1.1x |
| Wed, 13 Mar 2024 | zł7.8b | zł7.3b | zł408.1m | 12.3x | 19.2x | 1.1x |
| Fri, 09 Feb 2024 | zł7.8b | zł7.1b | zł408.4m | 13.3x | 19.1x | 1.1x |
| Sun, 07 Jan 2024 | zł7.5b | zł7.3b | zł413.2m | 12.9x | 18x | 1x |
| Tue, 05 Dec 2023 | zł6.7b | zł7.2b | zł410.7m | 12.8x | 16.4x | 0.9x |
| Thu, 02 Nov 2023 | zł6.0b | zł7.3b | zł407.8m | 17.1x | 14.7x | 0.8x |
| Sat, 30 Sep 2023 | zł5.8b | zł7.3b | zł395.2m | 17.3x | 14.8x | 0.8x |
| Mon, 28 Aug 2023 | zł6.1b | zł7.2b | zł374.8m | 16.5x | 16.2x | 0.8x |
| Wed, 26 Jul 2023 | zł6.4b | zł7.1b | zł405.5m | 20.9x | 15.7x | 0.9x |
| Fri, 23 Jun 2023 | zł6.1b | zł7.0b | zł377.7m | 18.3x | 16.1x | 0.9x |
| Sun, 21 May 2023 | zł6.3b | zł6.9b | zł397.6m | 18.5x | 15.8x | 0.9x |
| Tue, 18 Apr 2023 | zł6.5b | zł6.7b | zł381.2m | 20x | 17.2x | 1x |
| Thu, 16 Mar 2023 | zł6.1b | zł6.8b | zł379.1m | 19.5x | 16.1x | 0.9x |
| Sat, 11 Feb 2023 | zł6.2b | zł6.5b | zł381.9m | 21.8x | 16.3x | 0.9x |
| Mon, 09 Jan 2023 | zł6.0b | zł6.5b | zł383.7m | 22.1x | 15.7x | 0.9x |
| Wed, 07 Dec 2022 | zł5.8b | zł6.5b | zł398.5m | 22.7x | 14.5x | 0.9x |
| Fri, 04 Nov 2022 | zł5.3b | zł6.3b | zł394.7m | 15.1x | 13.3x | 0.8x |
| Sun, 02 Oct 2022 | zł5.3b | zł6.2b | zł378.1m | 15.9x | 14x | 0.9x |
| Tue, 30 Aug 2022 | zł5.5b | zł6.1b | zł423.1m | 15.7x | 13x | 0.9x |
| Thu, 28 Jul 2022 | zł5.5b | zł5.8b | zł667.2m | 17.2x | 8.2x | 0.9x |
| Sat, 25 Jun 2022 | zł5.2b | zł5.8b | zł667.8m | 16.3x | 7.7x | 0.9x |
| Mon, 23 May 2022 | zł5.7b | zł5.8b | zł662.1m | 15.4x | 8.5x | 1x |
| Wed, 20 Apr 2022 | zł6.0b | zł5.7b | zł664.2m | 16.9x | 9.1x | 1x |
| Fri, 18 Mar 2022 | zł5.8b | zł5.8b | zł712.1m | 16.3x | 8.2x | 1x |
| Sun, 13 Feb 2022 | zł6.0b | zł5.7b | zł724.9m | 15.2x | 8.3x | 1.1x |
| Tue, 11 Jan 2022 | zł6.5b | zł5.7b | zł724.4m | 14.3x | 9x | 1.2x |
| Thu, 09 Dec 2021 | zł6.3b | zł5.6b | zł718.8m | 15.1x | 8.7x | 1.1x |
| Sat, 06 Nov 2021 | zł6.4b | zł5.6b | zł728.9m | 13.7x | 8.8x | 1.2x |
| Mon, 04 Oct 2021 | zł6.1b | zł5.5b | zł721.6m | 16x | 8.5x | 1.1x |
| Wed, 01 Sep 2021 | zł6.3b | zł5.6b | zł452.9m | 17.2x | 13.8x | 1.1x |
| Thu, 08 Jul 2021 | zł6.3b | zł5.6b | zł452.9m | 17.8x | 13.8x | 1.1x |
Price to Earnings Ratio
15.1x
Current Industry PE
- Investors are optimistic on the Polish IT industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 19.2x which is higher than its 3-year average PE of 13.6x.
- The 3-year average PS ratio of 0.99x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the IT industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 11% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Polish Tech industry?
| PL Market | 1.58% | |
| Tech | 3.76% | |
| IT | 1.73% | |
| Internet Services and Infrastructure | 3.26% | |
| IT Consulting | 1.72% | |
| Data Processing Services | 0% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 13.4x.
- Analysts are expecting annual earnings growth of 14.8%, which is higher than its past year's earnings growth of 4.0% per year.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 15% over the next 5 years.
- This is better than its past earnings growth rate of 4.0% per year.
- In contrast, the IT Consulting 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 | |
|---|---|---|---|---|---|
| CMP Comp | zł96.20 | 17.9% +zł63.8m | 68.8% | PE13.5x | |
| CMR Comarch | zł251.50 | 2.9% +zł56.9m | 74.7% | PE20.3x | |
| SPR Spyrosoft Spólka Akcyjna | zł428.00 | 3.1% +zł14.2m | -12.1% | PE23.7x | |
| SES Sescom | zł63.60 | 11.6% +zł13.5m | 120.8% | PE6.4x | |
| PAS Passus | zł41.00 | 15.5% +zł11.3m | 36.7% | PE51.9x |