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Canadian (TSX) Software Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies85
- 7D3.1%
- 3M13.3%
- 1Y38.9%
- YTD25.0%
Over the last 7 days, the Software industry has risen 3.1%, driven by gains from Constellation Software of 3.7%. This takes the industry's 12 month performance to a gain of 39%. As for the next few years, earnings are expected to grow by 28% per annum.
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 |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | CA$143.8b | CA$21.6b | -CA$3,427,835,957.70 | 46.4x | -42x | 6.7x |
| Sun, 23 Jun 2024 | CA$131.0b | CA$21.6b | -CA$3,385,284,807.12 | 39.3x | -38.7x | 6.1x |
| Tue, 21 May 2024 | CA$130.0b | CA$21.5b | -CA$3,427,960,806.58 | 40.7x | -37.9x | 6x |
| Thu, 18 Apr 2024 | CA$129.7b | CA$21.1b | -CA$4,273,226,818.09 | 33.2x | -30.3x | 6.2x |
| Sat, 16 Mar 2024 | CA$123.6b | CA$20.7b | -CA$4,802,886,544.39 | 28.5x | -25.7x | 6x |
| Mon, 12 Feb 2024 | CA$121.7b | CA$19.7b | -CA$2,884,020,939.07 | 25x | -42.2x | 6.2x |
| Wed, 10 Jan 2024 | CA$116.9b | CA$19.8b | -CA$3,961,278,379.00 | 27.6x | -29.5x | 5.9x |
| Fri, 08 Dec 2023 | CA$113.9b | CA$20.2b | -CA$4,236,877,137.00 | 25.9x | -26.9x | 5.6x |
| Sun, 05 Nov 2023 | CA$101.9b | CA$19.7b | -CA$4,386,307,501.00 | 68.6x | -23.2x | 5.2x |
| Tue, 03 Oct 2023 | CA$100.7b | CA$19.4b | -CA$4,200,079,623.00 | 54.4x | -24x | 5.2x |
| Thu, 31 Aug 2023 | CA$104.1b | CA$19.4b | -CA$4,144,228,476.00 | 59.2x | -25.1x | 5.4x |
| Sat, 29 Jul 2023 | CA$102.6b | CA$18.2b | -CA$3,867,055,440.00 | 71.4x | -26.5x | 5.6x |
| Mon, 26 Jun 2023 | CA$99.2b | CA$17.9b | -CA$3,938,982,418.00 | 70.1x | -25.2x | 5.5x |
| Wed, 24 May 2023 | CA$97.9b | CA$18.1b | -CA$4,085,466,870.00 | 69.5x | -24x | 5.4x |
| Fri, 21 Apr 2023 | CA$96.4b | CA$17.0b | -CA$3,319,519,767.00 | 44.4x | -29x | 5.7x |
| Sun, 19 Mar 2023 | CA$88.3b | CA$16.7b | -CA$2,545,114,172.00 | 37.4x | -34.7x | 5.3x |
| Tue, 14 Feb 2023 | CA$89.2b | CA$16.2b | -CA$2,247,509,205.00 | 34.3x | -39.7x | 5.5x |
| Thu, 12 Jan 2023 | CA$83.0b | CA$16.2b | -CA$673,418,998.00 | 28.8x | -123.2x | 5.1x |
| Sat, 10 Dec 2022 | CA$79.3b | CA$16.3b | -CA$582,529,892.00 | 34.3x | -136.2x | 4.9x |
| Mon, 07 Nov 2022 | CA$72.2b | CA$16.0b | -CA$288,460,236.00 | 28x | -250.2x | 4.5x |
| Wed, 05 Oct 2022 | CA$79.5b | CA$15.3b | -CA$289,802,166.00 | 42.8x | -274.2x | 5.2x |
| Fri, 02 Sep 2022 | CA$77.8b | CA$15.0b | -CA$416,738,673.00 | 31x | -186.6x | 5.2x |
| Sun, 31 Jul 2022 | CA$83.7b | CA$13.9b | CA$404.2m | 49.3x | 207.1x | 6x |
| Tue, 28 Jun 2022 | CA$77.4b | CA$13.9b | CA$586.1m | 49.6x | 132x | 5.6x |
| Thu, 26 May 2022 | CA$77.9b | CA$14.3b | CA$281.0m | 46.3x | 277.3x | 5.4x |
| Sat, 23 Apr 2022 | CA$85.9b | CA$13.5b | -CA$2,716,385,244.00 | 44.6x | -31.6x | 6.4x |
| Mon, 21 Mar 2022 | CA$95.0b | CA$12.8b | -CA$3,253,602,342.00 | 49.7x | -29.2x | 7.4x |
| Wed, 16 Feb 2022 | CA$96.3b | CA$12.9b | -CA$3,225,214,317.00 | 72.1x | -29.8x | 7.5x |
| Fri, 14 Jan 2022 | CA$96.0b | CA$11.8b | -CA$3,218,582,974.00 | 71.5x | -29.8x | 8.1x |
| Sun, 12 Dec 2021 | CA$102.8b | CA$12.0b | -CA$3,486,388,359.00 | 78x | -29.5x | 8.5x |
| Tue, 09 Nov 2021 | CA$116.0b | CA$11.6b | -CA$3,544,327,512.00 | 79.5x | -32.7x | 10x |
| Thu, 07 Oct 2021 | CA$108.7b | CA$11.0b | -CA$3,454,137,282.00 | 48x | -31.5x | 9.9x |
| Sat, 04 Sep 2021 | CA$120.9b | CA$10.9b | -CA$3,271,006,370.50 | 47.7x | -37x | 11.1x |
| Mon, 02 Aug 2021 | CA$100.0b | CA$10.9b | -CA$3,271,006,370.50 | 46.3x | -30.6x | 9.2x |
Price to Earnings Ratio
-30.6x
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 6.4x.
Past Earnings Growth
- Losses for companies in the Software industry have mostly stayed the same over the last three years.
- Meanwhile revenues for these companies have grown 26% 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 and as a result, losses haven't seen much improvement.
Industry Trends
Which industries have driven the changes within the Canadian Tech industry?
| CA Market | -0.31% | |
| Tech | 2.28% | |
| Software | 3.12% | |
| Application Software | 3.17% | |
| Systems Software | 0.52% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 79% over the next 5 years.
- This is better than its past earnings decline of 39% per year.
- In contrast, the Application Software industry is expected to see its earnings grow by 27% 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$4.47k | 6.1% +CA$5.4b | 60.5% | PE118.9x | |
| LMN Lumine Group | CA$38.15 | 6.9% +CA$628.7m | 84.3% | PS13x | |
| TOI Topicus.com | CA$124.60 | 6.0% +CA$587.6m | 19.4% | PE90.5x | |
| DSG Descartes Systems Group | CA$138.95 | 1.8% +CA$208.4m | 36.1% | PE70.8x | |
| KXS Kinaxis | CA$169.41 | 2.7% +CA$126.4m | -3.7% | PE229.5x |
