Is Macquarie Technology Group (ASX:MAQ) Using Too Much Debt?
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Australian (ASX) Tech Sector Analysis
UpdatedNov 20, 2024
DataAggregated Company Financials
Companies115
- 7D3.4%
- 3M17.2%
- 1Y67.1%
- YTD54.3%
Over the last 7 days, the Tech industry has risen 3.4%, driven by gains from WiseTech Global of 6.1%. This takes the industry's 12 month performance to a gain of 67%. Earnings are forecast to grow by 26% annually.
Sector Valuation and Performance
Has the Australian Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 20 Nov 2024 | AU$127.4b | AU$13.5b | AU$61.1m | 63.1x | 2084.5x | 9.4x |
| Fri, 18 Oct 2024 | AU$118.3b | AU$13.2b | AU$2.5m | 64.5x | 46614.4x | 9x |
| Sun, 15 Sep 2024 | AU$112.9b | AU$13.2b | -AU$726,748.90 | 63.9x | -155408.5x | 8.5x |
| Tue, 13 Aug 2024 | AU$96.8b | AU$14.9b | -AU$446,684,473.78 | 48.1x | -216.6x | 6.5x |
| Thu, 11 Jul 2024 | AU$107.6b | AU$15.3b | -AU$331,381,315.55 | 49.2x | -324.7x | 7x |
| Sat, 08 Jun 2024 | AU$105.2b | AU$15.4b | -AU$320,722,387.74 | 54.2x | -328.1x | 6.8x |
| Mon, 06 May 2024 | AU$101.6b | AU$15.2b | -AU$575,616,551.45 | 54.4x | -176.5x | 6.7x |
| Wed, 03 Apr 2024 | AU$104.2b | AU$15.3b | -AU$662,961,724.06 | 53.1x | -157.1x | 6.8x |
| Fri, 01 Mar 2024 | AU$102.6b | AU$16.3b | -AU$751,903,266.67 | 50.4x | -136.5x | 6.3x |
| Sun, 28 Jan 2024 | AU$89.0b | AU$17.1b | -AU$1,603,931,225.00 | 41.3x | -55.5x | 5.2x |
| Tue, 26 Dec 2023 | AU$87.8b | AU$17.1b | -AU$1,586,461,735.00 | 41.1x | -55.3x | 5.1x |
| Thu, 23 Nov 2023 | AU$82.3b | AU$17.1b | -AU$1,614,855,617.00 | 40.9x | -51x | 4.8x |
| Sat, 21 Oct 2023 | AU$80.4b | AU$17.0b | -AU$1,744,697,350.00 | 40.7x | -46.1x | 4.7x |
| Mon, 18 Sep 2023 | AU$88.4b | AU$17.0b | -AU$1,729,018,049.00 | 41.5x | -51.1x | 5.2x |
| Wed, 16 Aug 2023 | AU$93.4b | AU$16.4b | -AU$1,483,349,524.00 | 33.6x | -62.9x | 5.7x |
| Fri, 14 Jul 2023 | AU$86.9b | AU$15.9b | -AU$1,500,036,179.00 | 30.8x | -57.9x | 5.5x |
| Sun, 11 Jun 2023 | AU$84.2b | AU$15.9b | -AU$1,538,343,415.00 | 26.6x | -54.8x | 5.3x |
| Tue, 09 May 2023 | AU$77.5b | AU$15.7b | -AU$1,535,958,972.00 | 30.6x | -50.4x | 4.9x |
| Thu, 06 Apr 2023 | AU$76.0b | AU$15.7b | -AU$1,534,484,478.00 | 30.6x | -49.6x | 4.8x |
| Sat, 04 Mar 2023 | AU$89.3b | AU$22.0b | -AU$1,485,295,479.00 | 32.4x | -60.1x | 4.1x |
| Mon, 30 Jan 2023 | AU$89.0b | AU$20.5b | -AU$937,552,171.00 | 45.8x | -94.9x | 4.3x |
| Wed, 28 Dec 2022 | AU$85.1b | AU$20.8b | -AU$945,196,619.00 | 44.2x | -90.1x | 4.1x |
| Fri, 25 Nov 2022 | AU$88.6b | AU$20.7b | -AU$969,104,898.00 | 49.5x | -91.4x | 4.3x |
| Sun, 23 Oct 2022 | AU$84.9b | AU$20.7b | -AU$826,346,351.00 | 42x | -102.7x | 4.1x |
| Tue, 20 Sep 2022 | AU$89.0b | AU$20.3b | -AU$784,804,785.00 | 46x | -113.5x | 4.4x |
| Thu, 18 Aug 2022 | AU$94.6b | AU$19.2b | -AU$725,920,534.00 | 27.1x | -130.4x | 4.9x |
| Sat, 16 Jul 2022 | AU$86.1b | AU$19.2b | -AU$838,076,369.00 | 23.7x | -102.8x | 4.5x |
| Mon, 13 Jun 2022 | AU$81.8b | AU$18.9b | -AU$803,641,994.00 | 26.4x | -101.7x | 4.3x |
| Wed, 11 May 2022 | AU$86.3b | AU$18.8b | -AU$747,274,903.00 | 28.2x | -115.4x | 4.6x |
| Fri, 08 Apr 2022 | AU$99.7b | AU$18.5b | -AU$730,255,774.00 | 29.4x | -136.5x | 5.4x |
| Sun, 06 Mar 2022 | AU$115.0b | AU$19.6b | -AU$877,170,562.00 | 30.9x | -131.1x | 5.9x |
| Tue, 01 Feb 2022 | AU$120.3b | AU$18.3b | -AU$465,517,735.00 | 34.4x | -258.5x | 6.6x |
| Thu, 30 Dec 2021 | AU$142.2b | AU$17.9b | -AU$471,403,839.00 | 34.6x | -301.7x | 7.9x |
| Sat, 27 Nov 2021 | AU$145.2b | AU$18.0b | -AU$459,549,328.00 | 34.1x | -315.9x | 8x |
Price to Earnings Ratio
-315.9x
Current Industry PE
- Investors are optimistic on the Australian Information Technology industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 2kx which is higher than its 3-year average PE of -664x.
- The 3-year average PS ratio of 5.7x is lower than the industry's current PS ratio of 9.4x.
Past Earnings Growth
- Total earnings for the Information Technology industry have gone up over the last three years and the industry is now profitable.
- Revenues have declined 9.3% per year.
- This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the Australian Tech sector?
| AU Market | 1.37% | |
| Tech | 3.39% | |
| Communications | 6.36% | |
| Semiconductors | 5.42% | |
| Software | 4.61% | |
| IT | -1.80% | |
| Electronic Equipment and Components | -2.09% | |
| Tech Hardware | -13.32% | |
Industry PE
- Investors are most optimistic about the Software industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 27.5%, which is higher than its past year's earnings growth of 6.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Tech Hardware industry, expecting annual earnings growth of 102% over the next 5 years.
- In contrast, the IT industry is expected to see its earnings grow by 18% 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 | |
|---|---|---|---|---|---|
| WTC WiseTech Global | AU$138.48 | 6.1% +AU$2.6b | 109.6% | PE174.8x | |
| XRO Xero | AU$173.91 | 7.7% +AU$1.9b | 73.9% | PE136.2x | |
| TNE Technology One | AU$29.36 | 10.5% +AU$909.5m | 87.0% | PE81.1x | |
| CAT Catapult Group International | AU$3.49 | 32.7% +AU$225.7m | 206.1% | PS5.5x | |
| FCL FINEOS Corporation Holdings | AU$2.08 | 22.4% +AU$128.6m | 22.4% | PS3.5x |
