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Australian (ASX) Software Industry Analysis

UpdatedNov 29, 2022
DataAggregated Company Financials
Companies113
  • 7D-0.4%
  • 3M-7.1%
  • 1Y-27.7%
  • YTD-30.0%

The Software industry has been flat over the last week, but WiseTech Global has lost 3.7%. Unfortunately though, the industry is down 28% over the past 12 months. As for the next few years, earnings are expected to grow by 33% per annum.

Industry Valuation and Performance

Has the Australian Software Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 30 Nov 2022AU$54.8bAU$7.1b-AU$727,870,516.0053.4x-75.3x7.8x
Fri, 28 Oct 2022AU$55.6bAU$6.9b-AU$708,220,673.0047.8x-78.6x8.1x
Sun, 25 Sep 2022AU$53.1bAU$6.8b-AU$661,061,574.0046.7x-80.3x7.8x
Tue, 23 Aug 2022AU$56.8bAU$6.5b-AU$575,414,768.0037.4x-98.7x8.8x
Thu, 21 Jul 2022AU$53.9bAU$6.4b-AU$465,935,826.0026.1x-115.7x8.4x
Sat, 18 Jun 2022AU$44.5bAU$6.4b-AU$456,346,440.0027x-97.4x7x
Mon, 16 May 2022AU$50.9bAU$6.3b-AU$434,081,087.0026.1x-117.2x8x
Wed, 13 Apr 2022AU$58.2bAU$6.1b-AU$436,931,254.0032.1x-133.3x9.5x
Fri, 11 Mar 2022AU$58.4bAU$6.2b-AU$441,245,981.0031.7x-132.4x9.4x
Sun, 06 Feb 2022AU$61.1bAU$5.7b-AU$142,661,271.0043.3x-428.6x10.7x
Tue, 04 Jan 2022AU$74.0bAU$5.7b-AU$141,603,753.0043.3x-522.6x13x
Thu, 02 Dec 2021AU$72.1bAU$5.5b-AU$150,125,011.0041x-480.1x13.1x
Sat, 30 Oct 2021AU$71.5bAU$5.5b-AU$132,499,075.0045.4x-540x13.1x
Mon, 27 Sep 2021AU$71.2bAU$5.5b-AU$135,095,300.0045.1x-526.9x12.9x
Wed, 25 Aug 2021AU$70.4bAU$5.4b-AU$118,915,907.7844.9x-591.6x13.1x
Thu, 01 Jul 2021AU$60.9bAU$5.4b-AU$118,915,907.7843.3x-512.4x11.3x
Sun, 04 Apr 2021AU$55.6bAU$5.2b-AU$110,354,965.5035.5x-503.8x10.7x
Wed, 06 Jan 2021AU$61.2bAU$5.1b-AU$70,260,606.4237.2x-871.7x12x
Sat, 10 Oct 2020AU$48.4bAU$4.8b-AU$66,490,902.4634.5x-727.8x10.1x
Fri, 03 Jul 2020AU$40.5bAU$4.6b-AU$67,534,794.6933.8x-599.8x8.9x
Mon, 06 Apr 2020AU$32.3bAU$4.5b-AU$108,733,949.5229x-296.6x7.2x
Thu, 09 Jan 2020AU$40.8bAU$4.2b-AU$186,723,744.2845x-218.6x9.6x
Price to Earnings Ratio

-406.1x


Total Market Cap: AU$42.0bTotal Earnings: -AU$103,530,120.57Total Revenue: AU$3.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Software Industry Price to Earnings3Y Average -416.7x202020212022
Current Industry PE
  • Investors are pessimistic on the Australian Software industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The 3-year average PS ratio of 10.2x is higher than the industry's current PS ratio of 7.8x.
Past Earnings Growth
  • The earnings for companies in the Software industry have deteriorated over the last three years.
  • Meanwhile 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.

Industry Trends

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

AU Market0.50%
Tech0.12%
Software-0.40%
Systems Software0.62%
Application Software-0.41%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 69% over the next 5 years.
    • In contrast, the Application Software industry is expected to see its earnings grow by 32% 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
    WTC WiseTech GlobalAU$55.573.2%
    +AU$561.2m
    6.2%PE92.6x
    TNE Technology OneAU$13.535.7%
    +AU$243.5m
    11.6%PE56.6x
    XRO XeroAU$69.502.1%
    +AU$211.6m
    -53.3%PS9x
    ALU AltiumAU$37.714.1%
    +AU$193.5m
    -10.9%PE59.8x
    NEA NearmapAU$2.096.1%
    +AU$60.0m
    34.8%PS7.2x
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    OCL

    AU$13.38

    Objective

    7D

    -13.7%

    1Y

    -31.4%

    TSK

    AU$0.38

    Task Group Holdings

    7D

    35.7%

    1Y

    5.6%

    BRN

    AU$0.71

    BrainChip Holdings

    7D

    2.2%

    1Y

    16.4%

    NXL

    AU$0.69

    Nuix

    7D

    -6.1%

    1Y

    -67.8%

    NET

    AU$0.024

    Netlinkz

    7D

    -27.3%

    1Y

    23.1%

    IOD

    AU$0.43

    IODM

    7D

    -10.4%

    1Y

    36.5%

    IRE

    AU$9.61

    Iress

    7D

    2.0%

    1Y

    -23.9%

    BTH

    AU$0.70

    Bigtincan Holdings

    7D

    -4.1%

    1Y

    -33.6%

    NEA

    AU$2.09

    Nearmap

    7D

    6.1%

    1Y

    34.8%

    PPS

    AU$0.84

    Praemium

    7D

    -2.9%

    1Y

    -41.9%

    XRO

    AU$69.50

    Xero

    7D

    2.1%

    1Y

    -53.3%

    ALU

    AU$37.71

    Altium

    7D

    4.1%

    1Y

    -10.9%