Thinkific Labs Inc.'s (TSE:THNC) 27% Jump Shows Its Popularity With Investors
Nov 24
Canadian (TSX) Tech Sector Analysis
UpdatedNov 28, 2023
DataAggregated Company Financials
Companies161
- 7D-0.3%
- 3M5.5%
- 1Y32.3%
- YTD28.8%
Over the last 7 days, the Tech industry has remained flat. As for the the longer term, the industry is up 32% over the past 12 months. Looking forward, earnings are forecast to grow by 28% 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 |
|---|---|---|---|---|---|---|
| Tue, 28 Nov 2023 | CA$153.1b | CA$52.5b | -CA$2,459,867,865.00 | 22.7x | -62.2x | 2.9x |
| Thu, 26 Oct 2023 | CA$138.9b | CA$51.6b | -CA$2,600,992,553.00 | 22.8x | -53.4x | 2.7x |
| Sat, 23 Sep 2023 | CA$140.2b | CA$51.0b | -CA$2,637,781,762.00 | 24.1x | -53.1x | 2.7x |
| Mon, 21 Aug 2023 | CA$140.7b | CA$51.2b | -CA$2,665,768,810.00 | 22.5x | -52.8x | 2.8x |
| Wed, 19 Jul 2023 | CA$147.4b | CA$48.7b | -CA$2,335,084,559.00 | 21.5x | -63.1x | 3x |
| Fri, 16 Jun 2023 | CA$143.3b | CA$48.6b | -CA$2,613,340,274.00 | 21.5x | -54.8x | 3x |
| Sun, 14 May 2023 | CA$137.3b | CA$48.3b | -CA$1,896,480,535.00 | 21.7x | -72.4x | 2.8x |
| Tue, 11 Apr 2023 | CA$136.4b | CA$47.0b | -CA$1,969,603,240.00 | 28.7x | -69.2x | 2.9x |
| Thu, 09 Mar 2023 | CA$135.0b | CA$48.4b | -CA$1,137,961,239.00 | 25.5x | -118.7x | 2.8x |
| Sat, 04 Feb 2023 | CA$135.9b | CA$47.5b | CA$656.8m | 23.8x | 207x | 2.9x |
| Mon, 02 Jan 2023 | CA$120.9b | CA$46.6b | CA$629.1m | 22.3x | 192.2x | 2.6x |
| Wed, 30 Nov 2022 | CA$120.6b | CA$46.7b | CA$796.5m | 22x | 151.4x | 2.6x |
| Fri, 28 Oct 2022 | CA$117.8b | CA$45.0b | CA$938.5m | 25x | 125.5x | 2.6x |
| Sun, 25 Sep 2022 | CA$112.0b | CA$44.5b | CA$933.0m | 25x | 120x | 2.5x |
| Tue, 23 Aug 2022 | CA$123.7b | CA$43.4b | CA$952.3m | 42.5x | 129.9x | 2.9x |
| Thu, 21 Jul 2022 | CA$122.5b | CA$41.2b | CA$1.7b | 48.6x | 70.5x | 3x |
| Sat, 18 Jun 2022 | CA$110.2b | CA$41.4b | CA$2.0b | 52.1x | 55.8x | 2.7x |
| Mon, 16 May 2022 | CA$121.6b | CA$41.5b | CA$1.6b | 37.4x | 77.4x | 2.9x |
| Wed, 13 Apr 2022 | CA$140.3b | CA$39.1b | -CA$1,468,838,535.00 | 42.6x | -95.5x | 3.6x |
| Fri, 11 Mar 2022 | CA$138.4b | CA$38.5b | -CA$1,935,129,389.00 | 23.4x | -71.5x | 3.6x |
| Sun, 06 Feb 2022 | CA$142.0b | CA$37.5b | -CA$2,050,652,522.00 | 52.7x | -69.2x | 3.8x |
| Tue, 04 Jan 2022 | CA$157.5b | CA$37.0b | -CA$2,035,591,717.00 | 33.7x | -77.4x | 4.3x |
| Thu, 02 Dec 2021 | CA$164.0b | CA$36.9b | -CA$2,250,949,571.00 | 33.8x | -72.9x | 4.4x |
| Sat, 30 Oct 2021 | CA$183.3b | CA$35.6b | -CA$2,485,069,580.00 | 41.4x | -73.8x | 5.1x |
| Mon, 27 Sep 2021 | CA$185.3b | CA$36.0b | -CA$2,579,400,556.00 | 42.1x | -71.8x | 5.2x |
| Wed, 25 Aug 2021 | CA$177.6b | CA$35.2b | -CA$2,335,567,095.77 | 40.6x | -76x | 5x |
| Thu, 01 Jul 2021 | CA$154.9b | CA$35.0b | -CA$2,344,443,971.70 | 40.8x | -66.1x | 4.4x |
| Sun, 04 Apr 2021 | CA$135.7b | CA$32.4b | -CA$259,338,809.22 | 37.5x | -523.3x | 4.2x |
| Wed, 06 Jan 2021 | CA$120.9b | CA$32.0b | CA$212.3m | 31.1x | 569.7x | 3.8x |
Price to Earnings Ratio
3746.5x
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 3.8x is higher than the industry's current PS ratio of 2.9x.
Past Earnings Growth
- Total earnings for the Information Technology industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 17% 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 decreased profits.
Industry Trends
Which industries have driven the changes within the Canadian Tech sector?
| CA Market | -1.20% | |
| Tech | -0.30% | |
| Semiconductors | 8.27% | |
| Software | 0.14% | |
| Tech Hardware | 0% | |
| Communications | -0.10% | |
| IT | -1.14% | |
| Electronic Equipment and Components | -3.90% | |
Industry PE
- Investors are most optimistic about the Communications industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 111.9%, which is higher than its past year's earnings growth of 11.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 112% over the next 5 years.
- This is better than its past earnings growth rate of 11% per year.
- In contrast, the Semiconductors industry is expected to see its earnings growth to stay flat 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$3.21k | 0.7% +CA$490.8m | 52.7% | PE94.7x | |
| THNC Thinkific Labs | CA$3.39 | 25.1% +CA$55.6m | 113.2% | PS3.6x | |
| ENGH Enghouse Systems | CA$35.05 | 2.0% +CA$38.7m | 16.4% | PE23x | |
| DND Dye & Durham | CA$13.70 | 4.3% +CA$31.3m | -1.2% | PS1.7x | |
| TCS Tecsys | CA$31.98 | 6.4% +CA$28.1m | 13.2% | PE146.2x |
