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 Software Industry valuation changed over the past few years?
|Mon, 29 Nov 2021||AU$70.2b||AU$5.5b||-AU$147,037,760.00||46.3x|
|Wed, 27 Oct 2021||AU$72.7b||AU$5.5b||-AU$132,523,963.00||44.8x|
|Fri, 24 Sep 2021||AU$72.1b||AU$5.5b||-AU$135,308,929.00||45.1x|
|Sun, 22 Aug 2021||AU$65.7b||AU$5.4b||-AU$118,915,907.78||45.8x|
|Fri, 09 Jul 2021||AU$60.9b||AU$5.4b||-AU$118,915,907.78||43.3x|
|Thu, 01 Apr 2021||AU$55.6b||AU$5.2b||-AU$110,354,965.50||35.5x|
|Sun, 03 Jan 2021||AU$61.2b||AU$5.1b||-AU$70,260,606.42||37.2x|
|Wed, 07 Oct 2020||AU$48.4b||AU$4.8b||-AU$66,490,902.46||34.5x|
|Tue, 30 Jun 2020||AU$40.5b||AU$4.6b||-AU$67,534,794.69||33.8x|
|Fri, 03 Apr 2020||AU$32.3b||AU$4.5b||-AU$108,733,949.52||29x|
|Mon, 06 Jan 2020||AU$40.8b||AU$4.2b||-AU$186,723,744.28||45x|
|Thu, 10 Oct 2019||AU$39.7b||AU$3.9b||-AU$99,160,115.57||31.8x|
|Wed, 03 Jul 2019||AU$36.8b||AU$3.6b||-AU$117,042,047.06||32.9x|
|Sat, 06 Apr 2019||AU$31.3b||AU$3.3b||-AU$79,992,837.07||33.1x|
|Tue, 08 Jan 2019||AU$24.3b||AU$3.2b||-AU$78,152,287.50||28.9x|
Current Industry PE: Investors are more optimistic on the industry, considering it's trading at a PE ratio of 46.3x which is higher than its 3-year average PE of 36.8x. It appears they are confident that earnings will grow faster in the future than they have historically.
Past Earnings Growth: The earnings for companies in the Software industry have deteriorated over the last three years, while revenues for these companies have grown 22% 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 caused losses to expand.
Which industries have driven the changes within the Australian Software industry?
Industry PE: Investors are most optimistic about the Application Software industry which is trading above its 3-year average PE ratio of 36.7x. However analysts expect its future annual earnings growth (37%) to be largely in line with prior year's earnings growth, so the market might believe analysts are underestimating its future growth since investors are willing to pay a bigger premium today.
Forecasted Growth: Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 65% over the next 5 years. Meanwhile, the Application 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?
Prophecy International Holdings