Technology One (ASX:TNE) Will Pay A Larger Dividend Than Last Year At AU$0.10
Technology One Limited ( ASX:TNE ) will increase its dividend on the 17th of December to AU$0.10. This will take the...
Has the Australian Tech Sector valuation changed over the past few years?
|Sun, 28 Nov 2021||AU$145.2b||AU$18.1b||-AU$459,849,555.00||34.1x|
|Tue, 26 Oct 2021||AU$150.0b||AU$17.9b||-AU$431,923,916.00||36.7x|
|Thu, 23 Sep 2021||AU$147.1b||AU$18.1b||-AU$423,858,006.00||37.5x|
|Sat, 21 Aug 2021||AU$142.8b||AU$17.8b||-AU$406,112,560.01||43.2x|
|Sat, 05 Jun 2021||AU$120.8b||AU$17.2b||-AU$353,121,275.62||30.8x|
|Tue, 09 Mar 2021||AU$123.4b||AU$16.7b||-AU$272,825,102.89||30.7x|
|Mon, 30 Nov 2020||AU$118.5b||AU$16.4b||-AU$245,090,450.07||35.2x|
|Thu, 03 Sep 2020||AU$110.4b||AU$16.0b||-AU$127,978,676.78||33.7x|
|Sun, 07 Jun 2020||AU$82.0b||AU$16.2b||AU$29.5m||35.1x|
|Sat, 29 Feb 2020||AU$70.5b||AU$15.3b||AU$93.2m||39x|
|Tue, 03 Dec 2019||AU$77.5b||AU$14.7b||AU$442.6m||35.9x|
|Fri, 06 Sep 2019||AU$72.7b||AU$14.1b||AU$601.9m||30.1x|
|Mon, 10 Jun 2019||AU$64.5b||AU$13.5b||AU$560.2m||34.1x|
|Sun, 03 Mar 2019||AU$56.3b||AU$13.0b||AU$562.9m||31.8x|
|Wed, 05 Dec 2018||AU$50.1b||AU$12.5b||AU$392.6m||28.3x|
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 33.7x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: Total earnings for the Information Technology industry have declined over the last three years, with the industry now making a loss overall. But revenues have grown 13% 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, which has decreased profits.
Which industries have driven the changes within the Australian Tech sector?
|Electronic Equipment and Components||0.98%|
Industry PE: Investors are most optimistic about the Communications industry even though it's trading below its 3-year average PE ratio of 495x. It looks like they are confident that earnings will grow faster in the future than they have historically. Meanwhile, investors are most pessimistic about the Semiconductors industry. Although, investor sentiment seems to have improved given its trading above its 3-year average of 2.3x.
Forecasted Growth: Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 55% over the next 5 years. Meanwhile, the Software industry is expected to see its earnings grow by 37% per year over the next few years.
Which companies have driven the market over the last 7 days?
Sovereign Cloud Holdings
Prophecy International Holdings