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Australian (ASX) Software Industry Analysis
UpdatedJun 30, 2024
DataAggregated Company Financials
Companies83
- 7D4.1%
- 3M5.1%
- 1Y25.4%
- YTD27.5%
In the last week, the Software industry is up 4.1%, with WiseTech Global up 7.5%. During this same period, the Symbio Holdings underperformed, falling 12%. This takes the industry's 12 month performance to a gain of 25%. Earnings are forecast to grow by 29% annually.
Industry Valuation and Performance
Has the Australian Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 30 Jun 2024 | AU$86.0b | AU$7.8b | -AU$93,619,849.64 | 61.6x | -918.2x | 11.1x |
| Tue, 28 May 2024 | AU$84.3b | AU$7.8b | -AU$97,194,306.86 | 63.1x | -867.2x | 10.8x |
| Thu, 25 Apr 2024 | AU$78.6b | AU$7.6b | -AU$368,825,163.16 | 62.8x | -213.1x | 10.3x |
| Sat, 23 Mar 2024 | AU$82.4b | AU$7.6b | -AU$389,378,034.45 | 61.3x | -211.5x | 10.8x |
| Mon, 19 Feb 2024 | AU$73.1b | AU$7.6b | -AU$763,598,154.71 | 52.5x | -95.7x | 9.6x |
| Wed, 17 Jan 2024 | AU$68.0b | AU$8.4b | -AU$1,048,468,865.00 | 58.6x | -64.9x | 8.1x |
| Fri, 15 Dec 2023 | AU$66.9b | AU$8.4b | -AU$1,047,242,649.00 | 61x | -63.9x | 8x |
| Sun, 12 Nov 2023 | AU$62.3b | AU$8.3b | -AU$1,104,216,079.00 | 55.2x | -56.5x | 7.5x |
| Tue, 10 Oct 2023 | AU$64.0b | AU$8.1b | -AU$1,112,318,201.00 | 56.5x | -57.5x | 7.9x |
| Thu, 07 Sep 2023 | AU$69.5b | AU$8.1b | -AU$1,117,815,608.00 | 61.1x | -62.2x | 8.6x |
| Sat, 05 Aug 2023 | AU$74.6b | AU$7.7b | -AU$893,126,319.00 | 51.7x | -83.5x | 9.6x |
| Mon, 03 Jul 2023 | AU$70.6b | AU$7.7b | -AU$889,874,090.00 | 47.8x | -79.3x | 9.2x |
| Wed, 31 May 2023 | AU$67.7b | AU$7.7b | -AU$936,809,460.00 | 45.4x | -72.3x | 8.8x |
| Fri, 28 Apr 2023 | AU$62.4b | AU$7.5b | -AU$874,536,048.00 | 49.1x | -71.4x | 8.3x |
| Sun, 26 Mar 2023 | AU$58.3b | AU$7.5b | -AU$872,825,320.00 | 45x | -66.8x | 7.7x |
| Tue, 21 Feb 2023 | AU$56.3b | AU$7.1b | -AU$724,438,654.00 | 48.9x | -77.8x | 8x |
| Thu, 19 Jan 2023 | AU$55.6b | AU$7.1b | -AU$707,124,125.00 | 53.1x | -78.7x | 7.9x |
| Sat, 17 Dec 2022 | AU$54.9b | AU$7.2b | -AU$718,130,672.00 | 51.7x | -76.5x | 7.7x |
| Mon, 14 Nov 2022 | AU$55.2b | AU$7.0b | -AU$712,733,507.00 | 51.6x | -77.5x | 7.9x |
| Wed, 12 Oct 2022 | AU$52.5b | AU$6.9b | -AU$691,625,226.00 | 47.2x | -75.9x | 7.6x |
| Fri, 09 Sep 2022 | AU$58.4b | AU$6.8b | -AU$651,121,194.00 | 50.3x | -89.7x | 8.6x |
| Sun, 07 Aug 2022 | AU$58.4b | AU$6.4b | -AU$466,229,247.00 | 27.6x | -125.3x | 9.1x |
| Tue, 05 Jul 2022 | AU$47.7b | AU$6.4b | -AU$469,314,636.00 | 25.1x | -101.6x | 7.4x |
| Thu, 02 Jun 2022 | AU$51.8b | AU$6.3b | -AU$424,961,544.00 | 27.1x | -121.8x | 8.2x |
| Sat, 30 Apr 2022 | AU$56.1b | AU$6.2b | -AU$441,787,965.00 | 29.6x | -126.9x | 9.1x |
| Mon, 28 Mar 2022 | AU$60.9b | AU$6.2b | -AU$438,107,977.00 | 38.1x | -139.1x | 9.8x |
| Wed, 23 Feb 2022 | AU$59.5b | AU$6.0b | -AU$299,117,422.00 | 23x | -198.8x | 10x |
| Fri, 21 Jan 2022 | AU$67.6b | AU$5.7b | -AU$142,776,353.00 | 44.1x | -473.5x | 11.9x |
| Sun, 19 Dec 2021 | AU$71.2b | AU$5.5b | -AU$151,861,531.00 | 39.6x | -469.2x | 12.9x |
| Tue, 16 Nov 2021 | AU$73.8b | AU$5.5b | -AU$147,480,215.00 | 41.9x | -500.6x | 13.5x |
| Thu, 14 Oct 2021 | AU$67.2b | AU$5.5b | -AU$133,373,857.00 | 44x | -504.1x | 12.3x |
| Sat, 11 Sep 2021 | AU$69.6b | AU$5.3b | -AU$115,869,683.57 | 44.3x | -600.6x | 13x |
| Mon, 09 Aug 2021 | AU$64.4b | AU$5.4b | -AU$118,915,907.78 | 44.2x | -541.8x | 12x |
Price to Earnings Ratio
-512.4x
Current Industry PE
- Investors are optimistic on the Australian Software industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 9.4x is lower than the industry's current PS ratio of 11.1x.
Past Earnings Growth
- The earnings for companies in the Software industry have improved over the last three years.
- Revenues for these companies have grown 13% per year.
- This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.
Industry Trends
Which industries have driven the changes within the Australian Tech industry?
| AU Market | -0.27% | |
| Tech | 3.38% | |
| Software | 4.09% | |
| Application Software | 4.13% | |
| Systems Software | -1.12% | |
Industry PE
- Investors are most optimistic about the Application Software industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 29.2%, which is higher than its past year's earnings growth of 12.0% per year.
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 29% per year over the next few years.
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$100.30 | 7.5% +AU$2.3b | 25.7% | PE149.9x | |
| XRO Xero | AU$136.40 | 2.9% +AU$578.3m | 14.7% | PE130.5x | |
| 360 Life360 | AU$16.37 | 4.5% +AU$168.6m | 115.4% | PS7.7x | |
| NXL Nuix | AU$3.08 | 6.9% +AU$64.7m | 262.4% | PS5.2x | |
| IRE Iress | AU$8.05 | 4.0% +AU$55.9m | -21.5% | PS2.3x |
