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Canadian (TSX) Software Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies79
- 7D-1.8%
- 3M7.7%
- 1Y35.8%
- YTD30.9%
Over the last 7 days, the Software industry has dropped 1.8%, driven by a pullback from Constellation Software of 1.5%. In contrast, Dye & Durham has gained 5.3%. In the past year, the industry has gained 36%. Earnings are forecast to grow by 30% annually.
Industry Valuation and Performance
Has the Canadian Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | CA$150.1b | CA$23.3b | -CA$2,338,824,961.23 | 40.1x | -64.2x | 6.4x |
| Sat, 19 Oct 2024 | CA$146.2b | CA$22.3b | -CA$2,509,370,890.78 | 42.2x | -58.3x | 6.6x |
| Mon, 16 Sep 2024 | CA$141.8b | CA$22.0b | -CA$2,508,714,632.60 | 41.1x | -56.5x | 6.4x |
| Wed, 14 Aug 2024 | CA$133.5b | CA$22.2b | -CA$2,522,491,552.56 | 45x | -52.9x | 6x |
| Fri, 12 Jul 2024 | CA$138.7b | CA$21.3b | -CA$3,377,096,114.05 | 44.9x | -41.1x | 6.5x |
| Sun, 09 Jun 2024 | CA$131.9b | CA$21.7b | -CA$3,406,428,314.44 | 40.1x | -38.7x | 6.1x |
| Tue, 07 May 2024 | CA$130.9b | CA$20.8b | -CA$3,583,749,605.99 | 47.1x | -36.5x | 6.3x |
| Thu, 04 Apr 2024 | CA$127.3b | CA$20.7b | -CA$4,793,570,510.07 | 28.7x | -26.5x | 6.1x |
| Sat, 02 Mar 2024 | CA$124.5b | CA$19.9b | -CA$2,775,114,093.79 | 24.9x | -44.9x | 6.2x |
| Mon, 29 Jan 2024 | CA$123.9b | CA$19.9b | -CA$3,969,717,273.00 | 26.8x | -31.2x | 6.2x |
| Wed, 27 Dec 2023 | CA$115.2b | CA$19.7b | -CA$4,024,448,737.00 | 27.2x | -28.6x | 5.8x |
| Fri, 24 Nov 2023 | CA$110.3b | CA$20.3b | -CA$4,199,787,046.00 | 40.7x | -26.3x | 5.4x |
| Sun, 22 Oct 2023 | CA$98.8b | CA$19.5b | -CA$4,205,331,232.00 | 54.2x | -23.5x | 5.1x |
| Tue, 19 Sep 2023 | CA$103.7b | CA$19.3b | -CA$4,160,810,701.00 | 56.6x | -24.9x | 5.4x |
| Thu, 17 Aug 2023 | CA$101.1b | CA$19.4b | -CA$4,142,692,142.00 | 56.9x | -24.4x | 5.2x |
| Sat, 15 Jul 2023 | CA$102.8b | CA$18.2b | -CA$3,682,278,634.00 | 72.9x | -27.9x | 5.6x |
| Mon, 12 Jun 2023 | CA$99.8b | CA$18.0b | -CA$3,963,365,928.00 | 77x | -25.2x | 5.5x |
| Wed, 10 May 2023 | CA$98.4b | CA$17.3b | -CA$3,305,175,354.00 | 64.9x | -29.8x | 5.7x |
| Fri, 07 Apr 2023 | CA$96.0b | CA$17.0b | -CA$3,339,235,557.00 | 37.9x | -28.8x | 5.7x |
| Sun, 05 Mar 2023 | CA$88.6b | CA$16.5b | -CA$2,465,827,153.00 | 41.4x | -35.9x | 5.4x |
| Tue, 31 Jan 2023 | CA$86.9b | CA$16.1b | -CA$672,747,257.00 | 29.4x | -129.2x | 5.4x |
| Thu, 29 Dec 2022 | CA$77.9b | CA$16.3b | -CA$672,586,996.00 | 28.2x | -115.8x | 4.8x |
| Sat, 26 Nov 2022 | CA$78.9b | CA$16.0b | -CA$528,629,223.00 | 35.9x | -149.2x | 4.9x |
| Mon, 24 Oct 2022 | CA$74.5b | CA$15.5b | -CA$282,260,380.00 | 43x | -263.9x | 4.8x |
| Wed, 21 Sep 2022 | CA$75.6b | CA$15.2b | -CA$425,029,424.00 | 40.3x | -177.8x | 5x |
| Fri, 19 Aug 2022 | CA$86.0b | CA$14.7b | -CA$405,186,412.00 | 56.1x | -212.2x | 5.9x |
| Sun, 17 Jul 2022 | CA$75.7b | CA$14.0b | CA$517.5m | 45.3x | 146.2x | 5.4x |
| Tue, 14 Jun 2022 | CA$73.9b | CA$13.8b | CA$259.2m | 56.1x | 285.1x | 5.3x |
| Thu, 12 May 2022 | CA$75.8b | CA$14.2b | CA$235.1m | 43.5x | 322.5x | 5.3x |
| Sat, 09 Apr 2022 | CA$94.1b | CA$13.3b | -CA$2,690,059,043.00 | 47.7x | -35x | 7.1x |
| Mon, 07 Mar 2022 | CA$89.1b | CA$12.9b | -CA$3,112,289,979.00 | 38x | -28.6x | 6.9x |
| Wed, 02 Feb 2022 | CA$95.4b | CA$12.0b | -CA$3,220,318,711.00 | 67.4x | -29.6x | 8x |
| Fri, 31 Dec 2021 | CA$107.7b | CA$12.0b | -CA$3,254,406,650.00 | 76.7x | -33.1x | 8.9x |
| Sun, 28 Nov 2021 | CA$109.4b | CA$12.0b | -CA$3,466,634,780.00 | 71.3x | -31.6x | 9.1x |
Price to Earnings Ratio
-31.6x
Current Industry PE
- Investors are relatively neutral on the Canadian Software 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 PS ratio of 6.0x.
Past Earnings Growth
- The earnings for companies in the Software industry have improved over the last three years.
- Revenues for these companies have grown 25% 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 Canadian Tech industry?
| CA Market | 0.67% | |
| Tech | -1.40% | |
| Software | -1.83% | |
| Application Software | -1.78% | |
| Systems Software | -4.38% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 96% over the next 5 years.
- This is better than its past earnings decline of 70% per year.
- 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 | |
|---|---|---|---|---|---|
| CSU Constellation Software | CA$4.64k | 3.5% +CA$3.3b | 45.4% | PE120.1x | |
| DSG Descartes Systems Group | CA$159.91 | 1.6% +CA$213.6m | 43.5% | PE76.6x | |
| DND Dye & Durham | CA$17.92 | 6.5% +CA$72.9m | 35.3% | PS2.6x | |
| KXS Kinaxis | CA$168.68 | 1.4% +CA$64.9m | 11.5% | PE166.4x | |
| DCBO Docebo | CA$67.78 | 1.8% +CA$36.9m | 1.6% | PE81.3x |