Investors Shouldn't Be Too Comfortable With Tiny's (CVE:TINY) Earnings
Apr 19
Canadian (TSX) Tech Sector Analysis
UpdatedApr 19, 2024
DataAggregated Company Financials
Companies136
- 7D-1.0%
- 3M2.4%
- 1Y28.9%
- YTD11.4%
The Tech industry has been flat over the last week, but Topicus.com has lost 3.7%. The past year has been better, since the industry has gained 29% in that time. Looking forward, earnings are forecast to grow by 15% annually.
Sector Valuation and Performance
Has the Canadian Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 19 Apr 2024 | CA$174.9b | CA$52.8b | -CA$2,417,975,119.78 | 23.2x | -72.3x | 3.3x |
| Sun, 17 Mar 2024 | CA$172.6b | CA$52.2b | -CA$2,936,103,273.80 | 21.3x | -58.8x | 3.3x |
| Tue, 13 Feb 2024 | CA$166.8b | CA$51.2b | -CA$992,791,736.46 | 18.8x | -168.1x | 3.3x |
| Thu, 11 Jan 2024 | CA$160.4b | CA$52.0b | -CA$2,236,921,216.00 | 21.7x | -71.7x | 3.1x |
| Sat, 09 Dec 2023 | CA$157.8b | CA$52.6b | -CA$2,509,754,573.00 | 22.1x | -62.9x | 3x |
| Mon, 06 Nov 2023 | CA$144.0b | CA$51.8b | -CA$2,713,954,616.00 | 22.7x | -53.1x | 2.8x |
| Wed, 04 Oct 2023 | CA$141.2b | CA$51.3b | -CA$2,576,783,152.00 | 23.1x | -54.8x | 2.8x |
| Fri, 01 Sep 2023 | CA$147.0b | CA$51.0b | -CA$2,649,341,094.00 | 24.2x | -55.5x | 2.9x |
| Sun, 30 Jul 2023 | CA$142.4b | CA$49.4b | -CA$2,450,826,401.00 | 19.8x | -58.1x | 2.9x |
| Tue, 27 Jun 2023 | CA$138.7b | CA$48.4b | -CA$2,597,202,377.00 | 20.5x | -53.4x | 2.9x |
| Thu, 25 May 2023 | CA$138.1b | CA$49.1b | -CA$2,779,446,200.00 | 23.1x | -49.7x | 2.8x |
| Sat, 22 Apr 2023 | CA$137.7b | CA$47.4b | -CA$1,929,966,481.00 | 23.3x | -71.3x | 2.9x |
| Mon, 20 Mar 2023 | CA$126.3b | CA$46.8b | -CA$1,181,158,737.00 | 22.5x | -106.9x | 2.7x |
| Wed, 15 Feb 2023 | CA$135.9b | CA$47.5b | -CA$890,133,888.00 | 24.5x | -152.7x | 2.9x |
| Fri, 13 Jan 2023 | CA$127.0b | CA$46.3b | CA$629.0m | 23.4x | 201.9x | 2.7x |
| Sun, 11 Dec 2022 | CA$121.1b | CA$46.8b | CA$733.3m | 21.6x | 165.1x | 2.6x |
| Tue, 08 Nov 2022 | CA$111.8b | CA$45.7b | CA$914.0m | 27.3x | 122.3x | 2.4x |
| Thu, 06 Oct 2022 | CA$118.4b | CA$44.6b | CA$920.0m | 32.2x | 128.7x | 2.7x |
| Sat, 03 Sep 2022 | CA$116.8b | CA$43.6b | CA$935.8m | 44.9x | 124.9x | 2.7x |
| Mon, 01 Aug 2022 | CA$126.2b | CA$41.7b | CA$1.7b | 51.4x | 76.2x | 3x |
| Wed, 29 Jun 2022 | CA$118.2b | CA$41.2b | CA$1.8b | 46x | 65x | 2.9x |
| Fri, 27 May 2022 | CA$121.8b | CA$41.5b | CA$1.6b | 32.4x | 76.2x | 2.9x |
| Sun, 24 Apr 2022 | CA$132.5b | CA$39.3b | -CA$1,487,876,154.00 | 35.4x | -89.1x | 3.4x |
| Tue, 22 Mar 2022 | CA$145.5b | CA$38.2b | -CA$2,025,446,296.00 | 52.2x | -71.8x | 3.8x |
| Thu, 17 Feb 2022 | CA$144.5b | CA$38.1b | -CA$1,986,629,620.00 | 57x | -72.8x | 3.8x |
| Sat, 15 Jan 2022 | CA$145.6b | CA$36.7b | -CA$2,017,589,051.00 | 40.5x | -72.1x | 4x |
| Mon, 13 Dec 2021 | CA$152.7b | CA$36.9b | -CA$2,264,278,037.00 | 29.5x | -67.4x | 4.1x |
| Wed, 10 Nov 2021 | CA$180.6b | CA$35.8b | -CA$2,476,135,742.00 | 48.2x | -72.9x | 5x |
| Fri, 08 Oct 2021 | CA$177.9b | CA$35.9b | -CA$2,501,448,258.00 | 42.3x | -71.1x | 5x |
| Sun, 05 Sep 2021 | CA$187.6b | CA$35.2b | -CA$2,335,567,095.77 | 45.9x | -80.3x | 5.3x |
| Tue, 03 Aug 2021 | CA$158.7b | CA$35.2b | -CA$2,335,567,095.77 | 34.2x | -68x | 4.5x |
| Fri, 07 May 2021 | CA$139.1b | CA$32.4b | -CA$266,656,096.51 | 38.5x | -521.5x | 4.3x |
Price to Earnings Ratio
-521.5x
Current Industry PE
- Investors are pessimistic on the Canadian Information Technology industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 3.7x is higher than the industry's current PS ratio of 3.3x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have deteriorated over the last three years.
- Meanwhile revenues for these companies have grown 18% 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 Canadian Tech sector?
| CA Market | -1.94% | |
| Tech | -0.97% | |
| Tech Hardware | 0% | |
| Software | -0.69% | |
| IT | -0.96% | |
| Electronic Equipment and Components | -3.90% | |
| Communications | -4.25% | |
| Semiconductors | -21.34% | |
Industry PE
- Investors are most optimistic about the Communications industry which is trading above its 3-year average PE ratio of 25.1x.
- Analysts are expecting annual earnings growth of 51.5%, which is higher than its past year's earnings growth of 4.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 52% over the next 5 years.
- This is better than its past earnings growth rate of 4.2% per year.
- In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 11% 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 | |
|---|---|---|---|---|---|
| CSU Constellation Software | CA$3.70k | 0.2% +CA$166.4m | 41.9% | PE100.8x | |
| DSG Descartes Systems Group | CA$124.16 | 0.8% +CA$86.2m | 16.7% | PE66.3x | |
| CMG Computer Modelling Group | CA$10.48 | 6.6% +CA$52.9m | 49.9% | PE35.1x | |
| TINY Tiny | CA$2.51 | 5.0% +CA$21.6m | -42.0% | PE32.3x | |
| CYBT Cybeats Technologies | CA$0.33 | 46.7% +CA$11.5m | -67.3% | PS41.1x |
