Turkish (BIST) Tech Sector Analysis
UpdatedMay 17, 2024
DataAggregated Company Financials
Companies34
- 7D-2.4%
- 3M-8.5%
- 1Y148.8%
- YTD30.4%
Over the last 7 days, the Tech industry has dropped 2.4%, driven by a pullback from Odine Solutions Teknoloji Ticaret ve Sanayi of 20%. This takes the industry's 12 month performance to a gain of 149%. As for the next few years, earnings are expected to grow by 79% per annum.
Sector Valuation and Performance
Has the Turkish Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 17 May 2024 | ₺308.1b | ₺177.1b | ₺8.2b | 37x | 37.4x | 1.7x |
| Sun, 14 Apr 2024 | ₺330.6b | ₺158.7b | ₺8.1b | 37.9x | 40.8x | 2.1x |
| Tue, 12 Mar 2024 | ₺347.5b | ₺147.3b | ₺8.6b | 39.2x | 40.4x | 2.4x |
| Thu, 08 Feb 2024 | ₺302.9b | ₺140.3b | ₺8.9b | 33.5x | 34.1x | 2.2x |
| Sat, 06 Jan 2024 | ₺223.4b | ₺140.3b | ₺8.9b | 24.8x | 25.2x | 1.6x |
| Mon, 04 Dec 2023 | ₺248.6b | ₺140.7b | ₺8.9b | 28x | 27.8x | 1.8x |
| Wed, 01 Nov 2023 | ₺239.0b | ₺119.5b | ₺7.6b | 26.5x | 31.5x | 2x |
| Fri, 29 Sep 2023 | ₺247.6b | ₺118.8b | ₺7.5b | 25.7x | 33x | 2.1x |
| Sun, 27 Aug 2023 | ₺191.8b | ₺117.5b | ₺7.0b | 19.2x | 27.3x | 1.6x |
| Tue, 25 Jul 2023 | ₺180.0b | ₺103.3b | ₺6.1b | 17.3x | 29.6x | 1.7x |
| Thu, 22 Jun 2023 | ₺117.9b | ₺102.9b | ₺6.0b | 12.3x | 19.6x | 1.1x |
| Sat, 20 May 2023 | ₺106.2b | ₺107.3b | ₺6.8b | 12.4x | 15.7x | 1x |
| Mon, 17 Apr 2023 | ₺102.2b | ₺88.3b | ₺5.3b | 14.6x | 19.1x | 1.2x |
| Wed, 15 Mar 2023 | ₺107.8b | ₺87.8b | ₺5.3b | 15.9x | 20.4x | 1.2x |
| Fri, 10 Feb 2023 | ₺136.1b | ₺64.1b | ₺2.7b | 13x | 51.3x | 2.1x |
| Sun, 08 Jan 2023 | ₺110.1b | ₺63.9b | ₺2.5b | 19.6x | 43.4x | 1.7x |
| Tue, 06 Dec 2022 | ₺132.8b | ₺62.3b | ₺2.5b | 19x | 52.7x | 2.1x |
| Thu, 03 Nov 2022 | ₺101.4b | ₺52.4b | ₺2.1b | 18.2x | 47.5x | 1.9x |
| Sat, 01 Oct 2022 | ₺62.0b | ₺50.8b | ₺1.9b | 13.4x | 33x | 1.2x |
| Mon, 29 Aug 2022 | ₺55.2b | ₺50.7b | ₺1.8b | 13.4x | 29.9x | 1.1x |
| Wed, 27 Jul 2022 | ₺52.5b | ₺43.0b | ₺1.6b | 14.7x | 31.9x | 1.2x |
| Fri, 24 Jun 2022 | ₺50.2b | ₺43.0b | ₺1.6b | 14.1x | 30.5x | 1.2x |
| Sun, 22 May 2022 | ₺45.5b | ₺41.4b | ₺1.6b | 14.3x | 28.1x | 1.1x |
| Tue, 19 Apr 2022 | ₺44.1b | ₺36.7b | ₺1.4b | 20.7x | 32x | 1.2x |
| Thu, 17 Mar 2022 | ₺40.6b | ₺36.7b | ₺1.4b | 18.1x | 30.1x | 1.1x |
| Sat, 12 Feb 2022 | ₺42.6b | ₺36.4b | ₺923.0m | 23.1x | 46.2x | 1.2x |
| Mon, 10 Jan 2022 | ₺43.8b | ₺36.4b | ₺923.0m | 20.8x | 47.5x | 1.2x |
| Wed, 08 Dec 2021 | ₺43.4b | ₺36.4b | ₺923.0m | 24.3x | 47x | 1.2x |
| Fri, 05 Nov 2021 | ₺31.0b | ₺35.4b | ₺833.7m | 22.9x | 37.2x | 0.9x |
| Sun, 03 Oct 2021 | ₺28.5b | ₺35.3b | ₺801.7m | 23.2x | 35.6x | 0.8x |
| Tue, 31 Aug 2021 | ₺23.3b | ₺35.3b | ₺801.7m | 23.8x | 29.1x | 0.7x |
| Wed, 07 Jul 2021 | ₺18.7b | ₺35.3b | ₺801.7m | 20.3x | 23.3x | 0.5x |
Price to Earnings Ratio
25.2x
Current Industry PE
- Investors are optimistic on the Turkish Information Technology industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 37.4x which is higher than its 3-year average PE of 34.2x.
- The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 1.7x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 125% per year over the last three years.
- Revenues for these companies have grown 75% 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 Turkish Tech sector?
| TR Market | -0.18% | |
| Tech | -2.37% | |
| Software | 2.70% | |
| Tech Hardware | 2.10% | |
| Communications | -1.44% | |
| Semiconductors | -3.75% | |
| Electronic Equipment and Components | -4.36% | |
| IT | -12.06% | |
Industry PE
- Investors are most optimistic about the Communications industry which is trading above its 3-year average PE ratio.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Electronic Equipment and Components industry, which is trading below its 3-year average of 32.5x.
Forecasted Growth
- Analysts are most optimistic on the Software industry, expecting annual earnings growth of 79% over the next 5 years.
- This is better than its past earnings growth rate of 6.8% per year.
- In contrast, the Software industry is expected to see its earnings grow by 79% 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 | |
|---|---|---|---|---|---|
| REEDR Reeder Teknoloji Sanayi ve Ticaret Anonim Sirketi | ₺43.08 | 6.7% +₺2.6b | n/a | PE61.8x | |
| MIATK MIA Teknoloji Anonim Sirketi | ₺59.85 | 6.0% +₺1.7b | 722.5% | PE58.7x | |
| ATATP ATP Yazilim ve Teknoloji Anonim Sirketi | ₺149.20 | 4.3% +₺581.3m | 829.6% | PE128.5x | |
| LINK Link Bilgisayar Sistemleri Yazilimi ve Donanimi Sanayi ve Ticaret | ₺431.50 | 7.3% +₺324.5m | 1,176.6% | PE1700x | |
| PKART Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret | ₺112.00 | 11.4% +₺261.6m | 486.4% | PS2.1x |