Sylogist (TSE:SYZ) Has Affirmed Its Dividend Of CA$0.13
Sylogist Ltd. ( TSE:SYZ ) has announced that it will pay a dividend of CA$0.13 per share on the 15th of December. This...
Canadian (TSX) Tech Sector Analysis
UpdatedNov 28, 2021
DataAggregated Company Financials
Companies177
- 7D-4.3%
- 3M-10.3%
- 1Y35.6%
- YTD24.5%
Over the last 7 days, the Tech industry has dropped 4.3%, driven by declines in Constellation Software and Nuvei of 2.4% and 6.3%, respectively. Meanwhile, WeCommerce Holdings actually outperformed within the industry, gaining 21% in the last week. This takes the industry's 12 month performance to a gain of 36%.
Sector Valuation and Performance
Has the Canadian Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Mon, 29 Nov 2021 | CA$165.1b | CA$36.9b | -CA$2,244,738,482.00 | 33.5x |
| Wed, 27 Oct 2021 | CA$183.7b | CA$35.6b | -CA$2,483,564,226.00 | 37.6x |
| Fri, 24 Sep 2021 | CA$186.7b | CA$35.9b | -CA$2,592,648,931.00 | 43.1x |
| Sun, 22 Aug 2021 | CA$172.3b | CA$35.2b | -CA$2,335,567,095.77 | 39.6x |
| Fri, 09 Jul 2021 | CA$154.9b | CA$35.0b | -CA$2,344,443,971.70 | 40.8x |
| Thu, 01 Apr 2021 | CA$135.7b | CA$32.4b | -CA$259,338,809.22 | 37.5x |
| Sun, 03 Jan 2021 | CA$120.9b | CA$32.0b | CA$212.3m | 31.1x |
| Wed, 07 Oct 2020 | CA$96.3b | CA$32.4b | CA$144.5m | 39.5x |
| Tue, 30 Jun 2020 | CA$83.9b | CA$30.9b | CA$201.4m | 38.1x |
| Fri, 03 Apr 2020 | CA$67.0b | CA$31.3b | CA$1.1b | 23.7x |
| Mon, 06 Jan 2020 | CA$80.5b | CA$30.0b | CA$1.1b | 21.7x |
| Thu, 10 Oct 2019 | CA$77.8b | CA$30.2b | CA$1.2b | 22.3x |
| Wed, 03 Jul 2019 | CA$77.4b | CA$30.0b | CA$1.3b | 22.4x |
| Sat, 06 Apr 2019 | CA$73.2b | CA$30.2b | CA$1.1b | 24.5x |
| Tue, 08 Jan 2019 | CA$60.5b | CA$31.4b | CA$1.2b | 33x |
PE Ratio
27.7x
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 31.3x. It appears they believe that earnings will grow in-line with historical growth rates.
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. But revenues have grown 9.0% 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?
| Communications | -3.61% | |
| IT | -3.99% | |
| Tech Hardware | -4.10% | |
| Electronic Equipment and Components | -4.36% | |
| Software | -4.37% | |
| Semiconductors | -11.69% | |
Industry PE: Investors are most optimistic about the Software industry which is trading above its 3-year average PE ratio of 39.6x. This is likely because analysts are expecting annual earnings growth of 48%, which is higher than its past year's earnings growth of 35% per year. Meanwhile, investors are most pessimistic about the Communications industry, which is trading below its 3-year average of 38.0x.
Forecasted Growth: Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 64% over the next 5 years. This is better than its past earnings decline of 0.3% per year. Meanwhile, the Semiconductors industry is expected to see its earnings grow by 12% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | 7D | 1Y | Valuation | |
|---|---|---|---|---|
| WE WeCommerce Holdings | 21.4%+CA$93.9m | n/a | PS16.4x | |
| ITM Intema Solutions | n/aCA$47.6m | 1,875.0% | PS343.5x | |
| VXTR Voxtur Analytics | 8.1%+CA$33.9m | n/a | PS10.4x | |
| TSF TraceSafe | 97.8%+CA$19.9m | 150.7% | PS2.5x | |
| SYZ Sylogist | 6.8%+CA$18.2m | 9.3% | PE53.9x |
