Bravura Solutions Limited's (ASX:BVS) Price Is Right But Growth Is Lacking
Jul 17
Australian (ASX) Application Software Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies76
- 7D-1.2%
- 3M6.0%
- 1Y14.9%
- YTDn/a
Over the last 7 days, the Application Software industry has dropped 1.2%, driven by a pullback from Xero of 4.3%. On the other hand Iress is actually up 14%. Over the past 12 months, the industry was up 15%. Looking forward, earnings are forecast to grow by 28% annually.
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 |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | AU$82.3b | AU$7.6b | AU$7.0m | 60.8x | 11729.1x | 10.9x |
| Sun, 23 Jun 2024 | AU$81.9b | AU$7.6b | AU$3.5m | 63.4x | 23603x | 10.7x |
| Tue, 21 May 2024 | AU$81.3b | AU$7.4b | -AU$220,632,591.19 | 60.7x | -368.6x | 11x |
| Thu, 18 Apr 2024 | AU$76.2b | AU$7.5b | -AU$273,394,026.95 | 63.6x | -278.5x | 10.2x |
| Sat, 16 Mar 2024 | AU$81.1b | AU$7.5b | -AU$288,041,328.31 | 60.9x | -281.4x | 10.8x |
| Mon, 12 Feb 2024 | AU$68.3b | AU$7.5b | -AU$659,559,797.39 | 55.6x | -103.6x | 9.1x |
| Wed, 10 Jan 2024 | AU$67.0b | AU$8.1b | -AU$926,625,654.00 | 57.1x | -72.3x | 8.3x |
| Fri, 08 Dec 2023 | AU$65.2b | AU$8.1b | -AU$927,441,255.00 | 60.3x | -70.3x | 8x |
| Sun, 05 Nov 2023 | AU$62.3b | AU$7.9b | -AU$1,043,223,206.00 | 55x | -59.7x | 7.9x |
| Tue, 03 Oct 2023 | AU$64.6b | AU$7.8b | -AU$995,100,669.00 | 57.9x | -64.9x | 8.3x |
| Thu, 31 Aug 2023 | AU$69.5b | AU$7.8b | -AU$1,012,996,134.00 | 64.2x | -68.7x | 9x |
| Sat, 29 Jul 2023 | AU$73.9b | AU$7.5b | -AU$762,286,016.00 | 52.5x | -96.9x | 9.9x |
| Mon, 26 Jun 2023 | AU$67.2b | AU$7.5b | -AU$772,338,386.00 | 49.5x | -87x | 9x |
| Wed, 24 May 2023 | AU$66.0b | AU$7.5b | -AU$792,904,879.00 | 44.8x | -83.3x | 8.8x |
| Fri, 21 Apr 2023 | AU$61.3b | AU$7.2b | -AU$725,676,673.00 | 47.3x | -84.4x | 8.5x |
| Sun, 19 Mar 2023 | AU$58.2b | AU$7.3b | -AU$725,554,030.00 | 46.6x | -80.2x | 8x |
| Tue, 14 Feb 2023 | AU$55.3b | AU$6.9b | -AU$561,938,762.00 | 52.8x | -98.5x | 8x |
| Thu, 12 Jan 2023 | AU$52.3b | AU$6.9b | -AU$565,420,018.00 | 51.4x | -92.4x | 7.6x |
| Sat, 10 Dec 2022 | AU$53.4b | AU$6.9b | -AU$569,484,679.00 | 51.3x | -93.7x | 7.7x |
| Mon, 07 Nov 2022 | AU$55.0b | AU$6.7b | -AU$564,712,047.00 | 51.2x | -97.4x | 8.2x |
| Wed, 05 Oct 2022 | AU$53.0b | AU$6.6b | -AU$521,317,898.00 | 46.9x | -101.7x | 8x |
| Fri, 02 Sep 2022 | AU$57.0b | AU$6.6b | -AU$484,878,210.00 | 54.5x | -117.5x | 8.6x |
| Sun, 31 Jul 2022 | AU$55.6b | AU$6.2b | -AU$360,164,910.00 | 26.3x | -154.4x | 8.9x |
| Tue, 28 Jun 2022 | AU$48.5b | AU$6.2b | -AU$361,302,449.00 | 26.8x | -134.2x | 7.8x |
| Thu, 26 May 2022 | AU$50.0b | AU$6.2b | -AU$329,495,286.00 | 26x | -151.9x | 8.1x |
| Sat, 23 Apr 2022 | AU$56.2b | AU$6.0b | -AU$340,004,714.00 | 30.7x | -165.4x | 9.4x |
| Mon, 21 Mar 2022 | AU$59.1b | AU$6.1b | -AU$343,101,210.00 | 35.4x | -172.3x | 9.8x |
| Wed, 16 Feb 2022 | AU$59.8b | AU$5.6b | -AU$116,826,692.00 | 43.4x | -511.7x | 10.7x |
| Fri, 14 Jan 2022 | AU$67.7b | AU$5.6b | -AU$77,429,720.00 | 43x | -874.5x | 12.1x |
| Sun, 12 Dec 2021 | AU$69.9b | AU$5.4b | -AU$85,562,175.00 | 40x | -816.6x | 13x |
| Tue, 09 Nov 2021 | AU$71.6b | AU$5.3b | -AU$44,669,153.00 | 44.8x | -1602.4x | 13.6x |
| Thu, 07 Oct 2021 | AU$65.2b | AU$5.4b | -AU$84,911,165.00 | 44x | -768.3x | 12.2x |
| Sat, 04 Sep 2021 | AU$70.2b | AU$5.3b | -AU$69,482,902.11 | 46.2x | -1010x | 13.3x |
| Mon, 02 Aug 2021 | AU$61.4b | AU$5.3b | -AU$69,482,902.11 | 44.9x | -884.1x | 11.7x |
Price to Earnings Ratio
-884.1x
Current Industry PE
- Investors are optimistic on the Australian Application Software industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 12kx which is higher than its 3-year average PE of 1kx.
- The 3-year average PS ratio of 9.6x is lower than the industry's current PS ratio of 10.9x.
Past Earnings Growth
- Total earnings for the Application Software industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 13% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Comparison
How does Australian Application Software compare with similar industries?
| AU Market | -2.20% | |
| Tech | -1.52% | |
| Software | -1.24% | |
| Application Software | -1.22% | |
| Systems Software | -3.84% | |
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 | |
|---|---|---|---|---|---|
| IRE Iress | AU$10.21 | 13.3% +AU$216.4m | -0.8% | PS2.9x | |
| TNE Technology One | AU$19.28 | 1.5% +AU$91.3m | 21.0% | PE57.3x | |
| SDR SiteMinder | AU$5.44 | 4.6% +AU$66.3m | 26.8% | PS8.7x | |
| DSE Dropsuite | AU$3.45 | 12.4% +AU$26.5m | 46.8% | PE152.2x | |
| RUL RPMGlobal Holdings | AU$2.65 | 3.1% +AU$17.5m | 63.1% | PE62.6x |
