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Sep 12
Australian (ASX) IT Consulting Industry Analysis
UpdatedSep 27, 2023
DataAggregated Company Financials
Companies7
- 7D-0.3%
- 3M-8.2%
- 1Y-8.2%
- YTD-6.7%
The IT Consulting industry has been flat over the last week, but Appen has lost 6.5%. As for the longer term, the industry has declined 7.3% in the last year. Looking forward, earnings are forecast to grow by 26% annually.
Industry Valuation and Performance
Has the Australian IT Consulting Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 27 Sep 2023 | AU$1.6b | AU$3.5b | -AU$377,684,903.00 | 29.7x | -4.3x | 0.5x |
| Fri, 25 Aug 2023 | AU$1.8b | AU$3.5b | -AU$322,696,963.00 | 23x | -5.5x | 0.5x |
| Sun, 23 Jul 2023 | AU$1.8b | AU$3.3b | -AU$307,869,963.00 | 24.1x | -6x | 0.6x |
| Tue, 20 Jun 2023 | AU$1.8b | AU$3.3b | -AU$301,654,195.00 | 24.1x | -6.1x | 0.6x |
| Thu, 18 May 2023 | AU$1.7b | AU$3.3b | -AU$311,652,964.00 | 22.2x | -5.5x | 0.5x |
| Sat, 15 Apr 2023 | AU$1.8b | AU$3.3b | -AU$304,839,526.00 | 24.4x | -6x | 0.6x |
| Mon, 13 Mar 2023 | AU$1.8b | AU$3.3b | -AU$315,764,934.00 | 26.1x | -5.8x | 0.6x |
| Wed, 08 Feb 2023 | AU$1.8b | AU$3.1b | AU$60.9m | 18.3x | 29.7x | 0.6x |
| Fri, 06 Jan 2023 | AU$1.7b | AU$3.1b | AU$58.0m | 27.2x | 29.8x | 0.6x |
| Sun, 04 Dec 2022 | AU$1.7b | AU$3.1b | AU$56.3m | 25.3x | 30.2x | 0.5x |
| Tue, 01 Nov 2022 | AU$1.6b | AU$3.2b | AU$57.4m | 22.2x | 28.3x | 0.5x |
| Thu, 29 Sep 2022 | AU$1.6b | AU$3.2b | AU$57.3m | 21x | 27.8x | 0.5x |
| Sat, 27 Aug 2022 | AU$1.7b | AU$3.1b | AU$54.9m | 26.8x | 30.5x | 0.5x |
| Mon, 25 Jul 2022 | AU$1.9b | AU$3.0b | AU$72.7m | 21.3x | 26.8x | 0.6x |
| Wed, 22 Jun 2022 | AU$1.6b | AU$3.0b | AU$72.6m | 21.2x | 22.6x | 0.5x |
| Fri, 20 May 2022 | AU$1.8b | AU$3.0b | AU$72.5m | 23.3x | 25.4x | 0.6x |
| Sun, 17 Apr 2022 | AU$2.0b | AU$3.0b | AU$70.2m | 23.8x | 27.8x | 0.7x |
| Tue, 15 Mar 2022 | AU$1.9b | AU$3.0b | AU$70.7m | 22x | 27.3x | 0.6x |
| Thu, 10 Feb 2022 | AU$2.1b | AU$2.8b | AU$74.3m | 25.6x | 28.8x | 0.8x |
| Sat, 08 Jan 2022 | AU$2.4b | AU$2.8b | AU$74.1m | 29.8x | 31.8x | 0.8x |
| Mon, 06 Dec 2021 | AU$2.4b | AU$2.9b | AU$81.0m | 28.4x | 29.7x | 0.8x |
| Wed, 03 Nov 2021 | AU$3.1b | AU$3.0b | AU$86.0m | 31.7x | 35.6x | 1x |
| Fri, 01 Oct 2021 | AU$2.6b | AU$3.0b | AU$87.6m | 29.1x | 29.9x | 0.9x |
| Sun, 29 Aug 2021 | AU$2.9b | AU$3.0b | AU$86.2m | 33.7x | 33.5x | 1x |
| Mon, 05 Jul 2021 | AU$3.1b | AU$3.0b | AU$86.2m | 41.3x | 36.5x | 1.1x |
| Thu, 08 Apr 2021 | AU$3.2b | AU$2.9b | AU$93.2m | 29x | 34.8x | 1.1x |
| Sun, 10 Jan 2021 | AU$4.4b | AU$2.8b | AU$100.1m | 19.2x | 44x | 1.6x |
| Sat, 03 Oct 2020 | AU$5.6b | AU$2.7b | AU$90.5m | 26.1x | 62.2x | 2.1x |
Price to Earnings Ratio
62.2x
Current Industry PE
- Investors are pessimistic on the Australian IT Consulting and Other Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading close to its 3-year average PS ratio of 0.88x.
Past Earnings Growth
- Total earnings for the IT Consulting and Other Services industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 9.0% 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.
Industry Comparison
How does Australian IT Consulting compare with similar industries?
| AU Market | -2.01% | |
| Tech | -1.76% | |
| IT | -0.43% | |
| IT Consulting | -0.31% | |
| Data Processing Services | 3.50% | |
| Internet Services and Infrastructure | -0.44% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| DTL Data#3 | AU$7.12 | 1.1% +AU$12.4m | 14.3% | PE29.7x | |
| SOC SOCO | AU$0.31 | 10.7% +AU$3.8m | n/a | PE26.6x |