Investors Could Be Concerned With Objective's (ASX:OCL) Returns On Capital
May 29
Australian (ASX) Application Software Industry Analysis
UpdatedMay 30, 2023
DataAggregated Company Financials
Companies101
- 7D1.8%
- 3M15.2%
- 1Y24.0%
- YTD30.5%
Over the last 7 days, the Application Software industry has risen 1.8%, driven by gains from WiseTech Global of 2.2%. In the same time, BrainChip Holdings was down 12%. This means that the industry has gained 24% over the past year. As for the next few years, earnings are expected to grow by 34% per annum.
Industry Valuation and Performance
Has the Australian Application Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 30 May 2023 | AU$67.1b | AU$7.5b | -AU$791,815,675.00 | 44.1x | -84.8x | 9x |
| Thu, 27 Apr 2023 | AU$61.8b | AU$7.3b | -AU$729,567,876.00 | 47.2x | -84.7x | 8.5x |
| Sat, 25 Mar 2023 | AU$57.9b | AU$7.3b | -AU$727,927,823.00 | 45x | -79.5x | 8x |
| Mon, 20 Feb 2023 | AU$56.2b | AU$6.9b | -AU$572,698,795.00 | 48.6x | -98.1x | 8.2x |
| Wed, 18 Jan 2023 | AU$54.1b | AU$6.9b | -AU$563,777,766.00 | 53.8x | -95.9x | 7.9x |
| Fri, 16 Dec 2022 | AU$55.1b | AU$6.9b | -AU$569,537,770.00 | 52.3x | -96.7x | 8x |
| Sun, 13 Nov 2022 | AU$54.6b | AU$6.8b | -AU$567,271,407.00 | 51.6x | -96.3x | 8x |
| Tue, 11 Oct 2022 | AU$52.4b | AU$6.6b | -AU$543,868,353.00 | 48.1x | -96.4x | 7.9x |
| Thu, 08 Sep 2022 | AU$56.1b | AU$6.6b | -AU$504,977,457.00 | 49.2x | -111.1x | 8.5x |
| Sat, 06 Aug 2022 | AU$57.7b | AU$6.2b | -AU$362,594,156.00 | 27.6x | -159.1x | 9.2x |
| Mon, 04 Jul 2022 | AU$46.2b | AU$6.3b | -AU$365,480,155.00 | 25x | -126.4x | 7.4x |
| Wed, 01 Jun 2022 | AU$51.6b | AU$6.2b | -AU$327,190,297.00 | 27.3x | -157.8x | 8.4x |
| Fri, 29 Apr 2022 | AU$54.0b | AU$6.0b | -AU$344,220,687.00 | 28.9x | -156.8x | 9x |
| Sun, 27 Mar 2022 | AU$60.1b | AU$6.0b | -AU$340,959,547.00 | 38.1x | -176.3x | 9.9x |
| Tue, 22 Feb 2022 | AU$58.7b | AU$5.8b | -AU$237,065,651.00 | 37.6x | -247.4x | 10.1x |
| Thu, 20 Jan 2022 | AU$66.9b | AU$5.6b | -AU$78,962,685.00 | 44x | -847x | 12x |
| Sat, 18 Dec 2021 | AU$70.2b | AU$5.4b | -AU$87,195,590.00 | 39.6x | -805x | 13x |
| Mon, 15 Nov 2021 | AU$71.3b | AU$5.4b | -AU$84,252,661.00 | 41.8x | -846.8x | 13.3x |
| Wed, 13 Oct 2021 | AU$65.8b | AU$5.3b | -AU$84,197,127.00 | 44x | -781x | 12.3x |
| Fri, 10 Sep 2021 | AU$68.6b | AU$5.2b | -AU$66,436,677.89 | 44.3x | -1031.8x | 13.1x |
| Sun, 08 Aug 2021 | AU$63.6b | AU$5.3b | -AU$69,482,902.11 | 44.2x | -915x | 12.1x |
| Sat, 01 May 2021 | AU$59.4b | AU$5.1b | -AU$57,878,151.09 | 34.9x | -1025.7x | 11.6x |
| Tue, 02 Feb 2021 | AU$58.1b | AU$5.0b | -AU$21,507,531.78 | 35x | -2702.9x | 11.6x |
| Fri, 06 Nov 2020 | AU$51.2b | AU$4.7b | -AU$19,140,700.75 | 40x | -2676x | 10.8x |
| Mon, 10 Aug 2020 | AU$42.1b | AU$4.5b | -AU$10,777,039.14 | 36.4x | -3902.9x | 9.3x |
Price to Earnings Ratio
-738.3x
Current Industry PE
- Investors are pessimistic on the Australian Application Software industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 10.1x is higher than the industry's current PS ratio of 9.0x.
Past Earnings Growth
- The earnings for companies in the Application Software industry have deteriorated over the last three years.
- Meanwhile revenues for these companies have grown 19% 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 Comparison
How does Australian Application Software compare with similar industries?
| AU Market | -0.72% | |
| Tech | 2.33% | |
| Software | 1.76% | |
| Application Software | 1.79% | |
| Systems Software | -3.14% | |
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 | |
|---|---|---|---|---|---|
| WTC WiseTech Global | AU$74.63 | 2.3% +AU$549.9m | 77.3% | PE108.6x | |
| ALU Altium | AU$39.24 | 5.4% +AU$265.9m | 36.4% | PE54.2x | |
| TNE Technology One | AU$16.44 | 4.4% +AU$224.0m | 56.6% | PE55.1x | |
| OCL Objective | AU$13.83 | 6.5% +AU$80.1m | -12.3% | PE60.9x | |
| HSN Hansen Technologies | AU$4.96 | 8.3% +AU$76.7m | -3.1% | PE28.8x |
