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Australian (ASX) Software Industry Analysis

UpdatedDec 02, 2023
DataAggregated Company Financials
Companies110
  • 7D2.6%
  • 3M-8.7%
  • 1Y11.4%
  • YTD22.5%

Over the last 7 days, the Software industry has risen 2.6%, driven by gains from WiseTech Global of 3.3%. Meanwhile, DUG Technology actually underperformed within the industry, shrinking 15% in the last week. In the last 12 months, the industry was up 11%. As for the next few years, earnings are expected to grow by 36% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 03 Dec 2023AU$64.5bAU$8.4b-AU$1,047,635,038.0058.2x-61.5x7.7x
Tue, 31 Oct 2023AU$60.7bAU$8.1b-AU$1,118,131,040.0053x-54.3x7.5x
Thu, 28 Sep 2023AU$65.7bAU$8.1b-AU$1,118,070,243.0058.5x-58.7x8.1x
Sat, 26 Aug 2023AU$69.6bAU$8.0b-AU$1,130,909,857.0054.5x-61.5x8.7x
Mon, 24 Jul 2023AU$71.6bAU$7.7b-AU$888,941,420.0047.5x-80.6x9.3x
Wed, 21 Jun 2023AU$71.3bAU$7.7b-AU$897,251,169.0050.2x-79.4x9.3x
Fri, 19 May 2023AU$64.2bAU$7.7b-AU$944,963,919.0044.8x-67.9x8.3x
Sun, 16 Apr 2023AU$61.5bAU$7.5b-AU$871,837,856.0046.1x-70.5x8.2x
Tue, 14 Mar 2023AU$58.5bAU$7.5b-AU$876,328,726.0045.5x-66.8x7.8x
Thu, 09 Feb 2023AU$58.7bAU$7.1b-AU$706,304,763.0055.7x-83.1x8.3x
Sat, 07 Jan 2023AU$52.6bAU$7.1b-AU$711,658,850.0050.6x-73.9x7.4x
Mon, 05 Dec 2022AU$57.2bAU$7.1b-AU$725,113,878.0055.5x-78.8x8.1x
Wed, 02 Nov 2022AU$57.1bAU$6.9b-AU$711,622,157.0052.7x-80.2x8.3x
Fri, 30 Sep 2022AU$53.3bAU$6.8b-AU$662,255,044.0046.5x-80.5x7.8x
Sun, 28 Aug 2022AU$59.0bAU$6.6b-AU$577,345,854.0040.9x-102.1x8.9x
Tue, 26 Jul 2022AU$54.9bAU$6.4b-AU$464,565,283.0024.9x-118.1x8.6x
Thu, 23 Jun 2022AU$44.3bAU$6.4b-AU$456,413,522.0027x-97.1x6.9x
Sat, 21 May 2022AU$52.4bAU$6.3b-AU$431,779,728.0026.9x-121.5x8.3x
Mon, 18 Apr 2022AU$58.6bAU$6.1b-AU$437,120,143.0031.8x-134x9.5x
Wed, 16 Mar 2022AU$56.1bAU$6.2b-AU$443,551,860.0030.2x-126.6x9x
Fri, 11 Feb 2022AU$63.5bAU$5.7b-AU$142,389,502.0042.1x-445.9x11.1x
Sun, 09 Jan 2022AU$70.1bAU$5.7b-AU$142,880,631.0044.3x-490.4x12.3x
Tue, 07 Dec 2021AU$68.7bAU$5.5b-AU$152,240,233.0040.6x-451.2x12.4x
Thu, 04 Nov 2021AU$73.7bAU$5.5b-AU$134,403,161.0045.6x-548x13.4x
Sat, 02 Oct 2021AU$69.0bAU$5.5b-AU$134,657,843.0045.6x-512.1x12.6x
Mon, 30 Aug 2021AU$69.0bAU$5.4b-AU$118,915,907.7844.2x-580.3x12.8x
Tue, 06 Jul 2021AU$60.9bAU$5.4b-AU$118,915,907.7843.3x-512.4x11.3x
Fri, 09 Apr 2021AU$55.6bAU$5.2b-AU$110,354,965.5035.5x-503.8x10.7x
Thu, 31 Dec 2020AU$61.2bAU$5.1b-AU$70,260,606.4237.2x-871.7x12x
Price to Earnings Ratio

-747x


Total Market Cap: AU$56.4bTotal Earnings: -AU$75,541,648.46Total Revenue: AU$4.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Software Industry Price to Earnings3Y Average -275x202120222023
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 9.7x is higher than the industry's current PS ratio of 7.7x.
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 21% 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 Market0.46%
Tech2.29%
Software2.60%
Application Software2.65%
Systems Software-2.40%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 73% over the next 5 years.
    • In contrast, the Application Software industry is expected to see its earnings grow by 35% 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$66.163.3%
    +AU$697.7m
    14.1%PE103.1x
    IRE IressAU$7.3625.4%
    +AU$273.3m
    -24.7%PS2.2x
    XRO XeroAU$101.131.6%
    +AU$237.8m
    34.6%PS10.7x
    ALU AltiumAU$44.672.1%
    +AU$124.0m
    15.6%PE59.3x
    TNE Technology OneAU$15.251.7%
    +AU$81.4m
    7.6%PE48.3x
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    Latest News

    IRE

    AU$7.36

    Iress

    7D

    25.4%

    1Y

    -24.7%

    DUG

    AU$1.75

    DUG Technology

    7D

    -15.0%

    1Y

    302.3%

    WTC

    AU$66.16

    WiseTech Global

    7D

    3.3%

    1Y

    14.1%

    TNE

    AU$15.25

    Technology One

    7D

    1.7%

    1Y

    7.6%

    XRO

    AU$101.13

    Xero

    7D

    1.6%

    1Y

    34.6%

    JAN

    AU$0.25

    Janison Education Group

    7D

    -7.4%

    1Y

    -58.0%

    FCL

    AU$1.68

    FINEOS Corporation Holdings

    7D

    -1.5%

    1Y

    -1.8%

    HSN

    AU$5.34

    Hansen Technologies

    7D

    -0.7%

    1Y

    6.0%

    IOD

    AU$0.24

    IODM

    7D

    -9.4%

    1Y

    -43.5%

    IFM

    AU$1.46

    Infomedia

    7D

    -2.3%

    1Y

    31.5%