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Canadian (TSX) Software Industry Analysis

UpdatedMar 18, 2024
DataAggregated Company Financials
Companies89
  • 7D-1.6%
  • 3M13.1%
  • 1Y36.9%
  • YTD11.6%

Over the last 7 days, the Software industry has dropped 1.6%, driven by Constellation Software declining 1.2%. Meanwhile, Dye & Durham actually outperformed within the industry, gaining 8.6% in the last week. In the past year, the industry has gained 37%. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

Has the Canadian Software Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Mar 2024CA$123.5bCA$20.7b-CA$4,798,927,536.4828.5x-25.7x6x
Thu, 15 Feb 2024CA$118.5bCA$19.9b-CA$2,774,331,470.8824.5x-42.7x6x
Sat, 13 Jan 2024CA$120.1bCA$19.9b-CA$3,963,187,475.0028.5x-30.3x6.1x
Mon, 11 Dec 2023CA$114.8bCA$20.1b-CA$4,086,420,318.0025.8x-28.1x5.7x
Wed, 08 Nov 2023CA$101.8bCA$19.8b-CA$4,411,670,814.0068.8x-23.1x5.1x
Fri, 06 Oct 2023CA$100.6bCA$19.5b-CA$4,209,051,887.0054.1x-23.9x5.2x
Sun, 03 Sep 2023CA$105.6bCA$19.4b-CA$4,111,802,555.0059.2x-25.7x5.4x
Tue, 01 Aug 2023CA$104.6bCA$18.2b-CA$3,860,723,910.0072.3x-27.1x5.8x
Thu, 29 Jun 2023CA$102.3bCA$18.0b-CA$3,953,849,961.0072.8x-25.9x5.7x
Sat, 27 May 2023CA$100.1bCA$18.3b-CA$4,106,053,844.0076.3x-24.4x5.5x
Mon, 24 Apr 2023CA$97.6bCA$17.4b-CA$3,293,412,050.0034.5x-29.6x5.6x
Wed, 22 Mar 2023CA$89.8bCA$16.6b-CA$2,580,280,710.0036.9x-34.8x5.4x
Fri, 17 Feb 2023CA$90.0bCA$16.4b-CA$2,261,820,486.0035.1x-39.8x5.5x
Sun, 15 Jan 2023CA$84.1bCA$16.1b-CA$662,939,050.0029x-126.9x5.2x
Tue, 13 Dec 2022CA$81.0bCA$16.3b-CA$569,868,743.0032.7x-142.2x5x
Thu, 10 Nov 2022CA$73.3bCA$16.0b-CA$220,128,097.0027.1x-332.9x4.6x
Sat, 08 Oct 2022CA$75.2bCA$15.4b-CA$286,843,085.0043.5x-262.1x4.9x
Mon, 05 Sep 2022CA$77.8bCA$14.9b-CA$424,197,996.0042x-183.3x5.2x
Wed, 03 Aug 2022CA$82.7bCA$13.9bCA$406.8m50x203.3x6x
Fri, 01 Jul 2022CA$75.5bCA$13.9bCA$562.8m51.1x134.1x5.4x
Sun, 29 May 2022CA$80.0bCA$14.3bCA$285.8m59.3x280x5.6x
Tue, 26 Apr 2022CA$86.3bCA$13.6b-CA$2,714,143,492.0042.5x-31.8x6.4x
Thu, 24 Mar 2022CA$95.7bCA$12.8b-CA$3,232,673,181.0049.5x-29.6x7.5x
Sat, 19 Feb 2022CA$91.1bCA$12.9b-CA$3,213,201,800.0060.5x-28.3x7.1x
Mon, 17 Jan 2022CA$95.6bCA$11.9b-CA$3,222,400,818.0070.7x-29.7x8x
Wed, 15 Dec 2021CA$100.8bCA$12.1b-CA$3,511,404,835.0076.1x-28.7x8.3x
Fri, 12 Nov 2021CA$112.4bCA$11.6b-CA$3,518,773,151.0070.6x-31.9x9.7x
Sun, 10 Oct 2021CA$109.9bCA$11.0b-CA$3,423,717,074.0048.6x-32.1x10x
Tue, 07 Sep 2021CA$121.6bCA$10.9b-CA$3,323,446,338.5046.7x-36.6x11.2x
Thu, 05 Aug 2021CA$104.2bCA$10.9b-CA$3,271,006,370.5046.6x-31.9x9.6x
Sun, 09 May 2021CA$86.6bCA$9.2b-CA$1,139,207,351.2654x-76x9.4x
Price to Earnings Ratio

-74.9x


Total Market Cap: CA$85.3bTotal Earnings: -CA$1,139,117,512.97Total Revenue: CA$9.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Software Industry Price to Earnings3Y Average -38.3x202220232024
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 6.7x is higher than the industry's current PS ratio of 6.0x.
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 31% 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 Market0.35%
Tech-1.07%
Software-1.60%
Application Software-1.53%
Systems Software-3.93%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 76% over the next 5 years.
    • This is better than its past earnings decline of 49% per year.
    • In contrast, the Application Software industry is expected to see its earnings grow by 15% per year over the next few years.

    Top Stock Gainers and Losers

    Which companies have driven the market over the last 7 days?

    CompanyLast Price7D1YValuation
    DND Dye & DurhamCA$15.5011.7%
    +CA$108.3m
    -15.1%PS2.3x
    DSG Descartes Systems GroupCA$125.300.9%
    +CA$94.6m
    17.1%PE68x
    TCXT TrueContextCA$1.0537.3%
    +CA$38.1m
    110.0%PS4.4x
    CVO Coveo SolutionsCA$10.09-4.4%
    CA$33.1m
    44.1%PS6.7x
    VERS VERSES AICA$1.6012.7%
    +CA$26.8m
    83.9%PS99.4x
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    Latest News

    CSU

    CA$3,684.38

    Constellation Software

    7D

    -2.9%

    1Y

    54.8%

    KXS

    CA$147.44

    Kinaxis

    7D

    0.3%

    1Y

    -17.5%

    BB

    CA$3.57

    BlackBerry

    7D

    -13.3%

    1Y

    -27.7%

    GRDI

    CA$1.30

    Griid Infrastructure

    7D

    -48.0%

    1Y

    -90.8%

    TCXT

    CA$1.05

    TrueContext

    7D

    37.3%

    1Y

    110.0%

    DSG

    CA$125.30

    Descartes Systems Group

    7D

    0.9%

    1Y

    17.1%

    CVO

    CA$10.09

    Coveo Solutions

    7D

    -4.4%

    1Y

    44.1%

    TCS

    CA$38.79

    Tecsys

    7D

    4.8%

    1Y

    43.0%

    LMN

    CA$33.99

    Lumine Group

    7D

    -6.9%

    1Y

    n/a

    BITF

    CA$3.04

    Bitfarms

    7D

    -5.9%

    1Y

    143.2%

    TOI

    CA$118.84

    Topicus.com

    7D

    -3.1%

    1Y

    35.1%

    DND

    CA$15.50

    Dye & Durham

    7D

    11.7%

    1Y

    -15.1%

    VERS

    CA$1.60

    VERSES AI

    7D

    12.7%

    1Y

    83.9%