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Australian (ASX) Tech Sector Analysis

UpdatedNov 30, 2023
DataAggregated Company Financials
Companies163
  • 7D0.7%
  • 3M-7.8%
  • 1Y14.7%
  • YTD23.2%

Over the last 7 days, the Tech industry has remained flat, although notably Xero gained 3.5%. The past year has been better, since the industry has gained 15% in that time. Earnings are forecast to grow by 29% annually.

Sector Valuation and Performance

Has the Australian Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 30 Nov 2023AU$82.9bAU$17.1b-AU$1,602,355,969.0041.7x-51.8x4.8x
Sat, 28 Oct 2023AU$78.1bAU$17.0b-AU$1,740,423,311.0038.6x-44.9x4.6x
Mon, 25 Sep 2023AU$84.8bAU$17.0b-AU$1,728,914,306.0041.7x-49x5x
Wed, 23 Aug 2023AU$91.2bAU$16.7b-AU$1,604,530,955.0027.6x-56.8x5.5x
Fri, 21 Jul 2023AU$90.2bAU$15.9b-AU$1,501,488,569.0030.7x-60.1x5.7x
Sun, 18 Jun 2023AU$87.9bAU$15.9b-AU$1,528,058,584.0028x-57.6x5.5x
Tue, 16 May 2023AU$78.9bAU$15.7b-AU$1,546,772,915.0029.3x-51x5x
Thu, 13 Apr 2023AU$76.0bAU$15.7b-AU$1,543,554,030.0030.6x-49.2x4.8x
Sat, 11 Mar 2023AU$91.1bAU$22.1b-AU$1,700,582,712.0031.1x-53.6x4.1x
Mon, 06 Feb 2023AU$92.4bAU$20.6b-AU$897,735,225.0045.1x-103x4.5x
Wed, 04 Jan 2023AU$84.1bAU$20.7b-AU$945,689,675.0044.1x-88.9x4.1x
Fri, 02 Dec 2022AU$90.7bAU$20.7b-AU$955,340,760.0049.2x-95x4.4x
Sun, 30 Oct 2022AU$86.0bAU$20.6b-AU$826,707,809.0041.7x-104x4.2x
Tue, 27 Sep 2022AU$85.0bAU$20.4b-AU$783,200,282.0044.8x-108.5x4.2x
Thu, 25 Aug 2022AU$93.6bAU$19.6b-AU$788,195,126.0031.9x-118.7x4.8x
Sat, 23 Jul 2022AU$92.2bAU$19.1b-AU$835,124,211.0023.2x-110.4x4.8x
Mon, 20 Jun 2022AU$75.9bAU$19.1b-AU$828,918,208.0024.3x-91.5x4x
Wed, 18 May 2022AU$85.7bAU$19.0b-AU$756,631,366.0026.8x-113.3x4.5x
Fri, 15 Apr 2022AU$98.5bAU$18.6b-AU$732,006,567.0030x-134.6x5.3x
Sun, 13 Mar 2022AU$113.3bAU$19.6b-AU$888,848,798.0030.2x-127.5x5.8x
Tue, 08 Feb 2022AU$120.1bAU$18.3b-AU$470,889,957.0034x-255.1x6.6x
Thu, 06 Jan 2022AU$140.7bAU$18.1b-AU$462,262,421.0035.8x-304.3x7.8x
Sat, 04 Dec 2021AU$140.7bAU$18.1b-AU$464,085,941.0034.7x-303.3x7.8x
Mon, 01 Nov 2021AU$149.3bAU$17.9b-AU$431,767,037.0039.5x-345.8x8.3x
Wed, 29 Sep 2021AU$146.6bAU$18.0b-AU$423,880,864.0037.4x-345.8x8.1x
Fri, 27 Aug 2021AU$147.1bAU$17.8b-AU$406,112,560.0143x-362.3x8.3x
Sat, 03 Jul 2021AU$134.0bAU$17.8b-AU$411,394,786.7140.9x-325.8x7.5x
Tue, 06 Apr 2021AU$119.4bAU$17.2b-AU$349,560,721.7229.9x-341.5x6.9x
Fri, 08 Jan 2021AU$130.5bAU$16.7b-AU$274,603,480.3934.3x-475.4x7.8x
Price to Earnings Ratio

-483.6x


Total Market Cap: AU$118.5bTotal Earnings: -AU$245,090,450.07Total Revenue: AU$16.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Tech Sector Price to Earnings3Y Average -193.9x202120222023
Current Industry PE
  • Investors are pessimistic on the Australian Information Technology industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The 3-year average PS ratio of 5.9x is higher than the industry's current PS ratio of 4.8x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have deteriorated over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has caused losses to expand.

Industry Trends

Which industries have driven the changes within the Australian Tech sector?

AU Market-0.46%
Tech0.71%
Electronic Equipment and Components2.35%
Software0.96%
Tech Hardware-0.64%
Semiconductors-1.17%
IT-1.19%
Communications-3.57%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 76.8x.
    • Analysts are expecting annual earnings growth of 16.2%, which is higher than its past year's earnings decline of 16.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 96% over the next 5 years.
  • In contrast, the IT industry is expected to see its earnings grow by 3.4% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
XRO XeroAU$103.053.5%
+AU$530.0m
37.4%PS10.9x
WTC WiseTech GlobalAU$66.801.0%
+AU$214.9m
15.8%PE104.1x
IRE IressAU$7.0320.0%
+AU$214.6m
-27.1%PS2.1x
CDA CodanAU$9.097.8%
+AU$119.7m
124.4%PE24.3x
MAQ Macquarie Technology GroupAU$69.007.5%
+AU$117.1m
16.9%PE94.9x
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Latest News

DUG

AU$1.68

DUG Technology

7D

-20.8%

1Y

281.8%

WTC

AU$66.80

WiseTech Global

7D

1.0%

1Y

15.8%

TNE

AU$15.68

Technology One

7D

-0.6%

1Y

13.3%

DDR

AU$11.62

Dicker Data

7D

3.5%

1Y

5.6%

XRO

AU$103.05

Xero

7D

3.5%

1Y

37.4%

NVX

AU$0.69

NOVONIX

7D

-2.8%

1Y

-70.3%

FCL

AU$1.70

FINEOS Corporation Holdings

7D

-3.4%

1Y

3.3%

CDA

AU$9.09

Codan

7D

7.8%

1Y

124.4%

NXT

AU$13.03

NEXTDC

7D

-0.3%

1Y

37.3%

IRE

AU$7.03

Iress

7D

20.0%

1Y

-27.1%

HSN

AU$5.34

Hansen Technologies

7D

-1.1%

1Y

5.1%