Here's Why CGI (TSE:GIB.A) Has Caught The Eye Of Investors
May 29
Canadian (TSX) IT Consulting Industry Analysis
UpdatedMay 31, 2023
DataAggregated Company Financials
Companies9
- 7D1.1%
- 3M12.1%
- 1Y23.1%
- YTD16.5%
Last week, the IT Consulting industry hasn't moved much but Converge Technology Solutions is up 7.5% in that time. The past year has been better, since the industry has gained 23% in that time. Earnings are forecast to grow by 10% annually.
Industry Valuation and Performance
Has the Canadian IT Consulting Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 31 May 2023 | CA$33.5b | CA$16.6b | CA$1.5b | 24.7x | 22.3x | 2x |
| Fri, 28 Apr 2023 | CA$33.1b | CA$16.5b | CA$1.5b | 23x | 22.1x | 2x |
| Sun, 26 Mar 2023 | CA$30.9b | CA$16.0b | CA$1.4b | 25.3x | 21.4x | 1.9x |
| Tue, 21 Feb 2023 | CA$31.1b | CA$16.1b | CA$1.5b | 23.8x | 21.4x | 1.9x |
| Thu, 19 Jan 2023 | CA$29.1b | CA$15.7b | CA$1.4b | 24.1x | 20.2x | 1.8x |
| Sat, 17 Dec 2022 | CA$28.9b | CA$15.7b | CA$1.4b | 22.3x | 20.1x | 1.8x |
| Mon, 14 Nov 2022 | CA$28.1b | CA$15.7b | CA$1.5b | 22.2x | 19.3x | 1.8x |
| Wed, 12 Oct 2022 | CA$25.7b | CA$15.2b | CA$1.4b | 38.9x | 18.1x | 1.7x |
| Fri, 09 Sep 2022 | CA$25.6b | CA$15.2b | CA$1.4b | 37.6x | 18x | 1.7x |
| Sun, 07 Aug 2022 | CA$27.7b | CA$14.9b | CA$1.4b | 75.3x | 19.6x | 1.9x |
| Tue, 05 Jul 2022 | CA$25.8b | CA$14.7b | CA$1.4b | 63.8x | 18.6x | 1.8x |
| Thu, 02 Jun 2022 | CA$27.6b | CA$14.6b | CA$1.4b | 88.5x | 19.8x | 1.9x |
| Sat, 30 Apr 2022 | CA$26.7b | CA$14.4b | CA$1.4b | 66.7x | 18.9x | 1.9x |
| Mon, 28 Mar 2022 | CA$26.8b | CA$14.2b | CA$1.4b | 72.8x | 19.4x | 1.9x |
| Wed, 23 Feb 2022 | CA$27.8b | CA$14.0b | CA$1.4b | 113.3x | 20.3x | 2x |
| Fri, 21 Jan 2022 | CA$27.9b | CA$13.9b | CA$1.3b | 100.7x | 20.7x | 2x |
| Sun, 19 Dec 2021 | CA$29.2b | CA$13.9b | CA$1.3b | 121.2x | 21.7x | 2.1x |
| Tue, 16 Nov 2021 | CA$30.1b | CA$13.9b | CA$1.4b | 42.1x | 22.2x | 2.2x |
| Thu, 14 Oct 2021 | CA$29.5b | CA$13.6b | CA$1.3b | 43.9x | 23.5x | 2.2x |
| Sat, 11 Sep 2021 | CA$31.2b | CA$13.6b | CA$1.3b | 47.3x | 24.9x | 2.3x |
| Mon, 09 Aug 2021 | CA$30.3b | CA$13.6b | CA$1.3b | 64.8x | 24.2x | 2.2x |
| Sun, 02 May 2021 | CA$28.2b | CA$13.5b | CA$1.2b | 24.8x | 24.1x | 2.1x |
| Wed, 03 Feb 2021 | CA$27.3b | CA$13.5b | CA$1.1b | 21.1x | 24.5x | 2x |
| Sat, 07 Nov 2020 | CA$22.1b | CA$13.4b | CA$1.1b | 60.6x | 20.8x | 1.7x |
| Fri, 31 Jul 2020 | CA$24.8b | CA$12.5b | CA$1.1b | 48.5x | 21.7x | 2x |
Price to Earnings Ratio
19.1x
Current Industry PE
- Investors are relatively neutral on the Canadian IT Consulting and Other Services industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 21.5x.
- The industry is trading close to its 3-year average PS ratio of 1.9x.
Past Earnings Growth
- The earnings for companies in the IT Consulting and Other Services industry have grown 8.0% per year over the last three years.
- Revenues for these companies have grown 9.8% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Canadian IT Consulting compare with similar industries?
| CA Market | -1.99% | |
| Tech | 1.74% | |
| IT | 1.15% | |
| IT Consulting | 1.15% | |
| Internet Services and Infrastructure | 6.56% | |
| Data Processing Services | 0.32% | |
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 | |
|---|---|---|---|---|---|
| GIB.A CGI | CA$139.12 | 1.0% +CA$324.1m | 28.7% | PE21.2x | |
| CTS Converge Technology Solutions | CA$3.65 | 10.9% +CA$75.3m | -51.6% | PE28.1x | |
| PGV Prodigy Ventures | CA$0.03 | 20.0% +CA$721.4k | -53.8% | PS2.4x |