Does BlackBerry (TSE:BB) Have A Healthy Balance Sheet?
Nov 22
Canadian (TSX) Software Industry Analysis
UpdatedNov 30, 2022
DataAggregated Company Financials
Companies104
- 7D1.2%
- 3M-0.6%
- 1Y-32.2%
- YTD-29.6%
The Software industry is up 1.2% in the last week, with Constellation Software up 2.3%. In the past year, the industry is down 32%. Earnings are forecast to grow by 13% 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 |
|---|---|---|---|---|---|---|
| Wed, 30 Nov 2022 | CA$78.7b | CA$16.2b | -CA$521,658,876.00 | 36.7x | -150.8x | 4.8x |
| Fri, 28 Oct 2022 | CA$76.9b | CA$15.3b | -CA$285,242,998.00 | 37.6x | -269.5x | 5x |
| Sun, 25 Sep 2022 | CA$73.6b | CA$15.4b | -CA$421,278,459.00 | 39.4x | -174.8x | 4.8x |
| Tue, 23 Aug 2022 | CA$82.4b | CA$14.8b | -CA$404,391,394.00 | 46.8x | -203.8x | 5.6x |
| Thu, 21 Jul 2022 | CA$80.0b | CA$13.9b | CA$508.9m | 54x | 157.2x | 5.8x |
| Sat, 18 Jun 2022 | CA$71.2b | CA$14.0b | CA$747.4m | 53.7x | 95.3x | 5.1x |
| Mon, 16 May 2022 | CA$77.9b | CA$14.3b | CA$245.5m | 44.7x | 317.4x | 5.5x |
| Wed, 13 Apr 2022 | CA$92.1b | CA$13.4b | -CA$2,698,534,229.00 | 45.4x | -34.1x | 6.9x |
| Fri, 11 Mar 2022 | CA$90.7b | CA$12.9b | -CA$3,135,110,515.00 | 23.4x | -28.9x | 7x |
| Sun, 06 Feb 2022 | CA$92.3b | CA$12.3b | -CA$3,295,680,457.00 | 69.4x | -28x | 7.5x |
| Tue, 04 Jan 2022 | CA$106.3b | CA$12.0b | -CA$3,240,739,015.00 | 76.7x | -32.8x | 8.8x |
| Thu, 02 Dec 2021 | CA$107.5b | CA$12.0b | -CA$3,475,375,332.00 | 67.5x | -30.9x | 8.9x |
| Sat, 30 Oct 2021 | CA$117.7b | CA$11.0b | -CA$3,429,959,975.00 | 58.8x | -34.3x | 10.7x |
| Mon, 27 Sep 2021 | CA$119.6b | CA$11.0b | -CA$3,526,933,470.00 | 45x | -33.9x | 10.8x |
| Wed, 25 Aug 2021 | CA$113.4b | CA$10.9b | -CA$3,271,006,370.50 | 45.8x | -34.7x | 10.4x |
| Thu, 01 Jul 2021 | CA$96.9b | CA$10.7b | -CA$3,272,721,025.55 | 63.3x | -29.6x | 9x |
| Sun, 04 Apr 2021 | CA$85.3b | CA$9.2b | -CA$1,139,117,512.97 | 61.9x | -74.9x | 9.3x |
| Wed, 06 Jan 2021 | CA$77.0b | CA$8.9b | -CA$629,089,098.85 | 38.6x | -122.4x | 8.7x |
| Sat, 10 Oct 2020 | CA$60.3b | CA$8.7b | -CA$545,257,734.96 | 39.5x | -110.7x | 7x |
| Fri, 03 Jul 2020 | CA$57.2b | CA$8.5b | -CA$729,677,779.40 | 59.5x | -78.4x | 6.7x |
| Mon, 06 Apr 2020 | CA$43.1b | CA$8.5b | CA$146.5m | 33.2x | 294.1x | 5.1x |
| Thu, 09 Jan 2020 | CA$46.2b | CA$7.7b | CA$48.3m | 21.7x | 958.3x | 6x |
Price to Earnings Ratio
-557.1x
Current Industry PE
- Investors are pessimistic on the Canadian Software industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 7.4x is higher than the industry's current PS ratio of 4.8x.
Past Earnings Growth
- The earnings for companies in the Software industry have deteriorated over the last three years.
- Meanwhile revenues for these companies have grown 29% 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 industry?
| CA Market | 0.22% | |
| Tech | 1.17% | |
| Software | 1.23% | |
| Systems Software | 4.40% | |
| Application Software | 1.04% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 59% over the next 5 years.
- This is better than its past earnings decline of 33% per year.
- In contrast, the Application Software industry is expected to see its earnings grow by 9.5% 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$2.11k | 2.3% +CA$998.1m | -3.0% | PE67.8x | |
| BB BlackBerry | CA$6.55 | 5.5% +CA$197.0m | -46.2% | PS4x | |
| LSPD Lightspeed Commerce | CA$20.79 | 4.6% +CA$138.3m | -67.8% | PS3.5x | |
| MAGT Magnet Forensics | CA$36.70 | 7.1% +CA$99.1m | 6.9% | PE4195.7x | |
| ENGH Enghouse Systems | CA$30.35 | 3.8% +CA$60.8m | -42.7% | PE19.1x |
