A Piece Of The Puzzle Missing From HIVE Digital Technologies Ltd.'s (CVE:HIVE) 28% Share Price Climb
Jun 13
Canadian (TSX) Software Industry Analysis
UpdatedJun 13, 2024
DataAggregated Company Financials
Companies85
- 7D0.2%
- 3M2.1%
- 1Y28.1%
- YTD14.2%
In the last week, the Software industry is flat overall, with Lumine Group standing out by going down 8.4%. As for the the longer term, the industry is up 28% over the past 12 months. Earnings are forecast to grow by 28% 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, 13 Jun 2024 | CA$131.2b | CA$21.7b | -CA$3,389,885,335.61 | 39.7x | -38.7x | 6x |
| Sat, 11 May 2024 | CA$132.4b | CA$20.9b | -CA$3,550,514,479.74 | 48.1x | -37.3x | 6.3x |
| Mon, 08 Apr 2024 | CA$128.2b | CA$20.8b | -CA$4,215,476,356.85 | 23.1x | -30.4x | 6.2x |
| Wed, 06 Mar 2024 | CA$125.7b | CA$20.1b | -CA$4,819,490,255.73 | 25.9x | -26.1x | 6.3x |
| Fri, 02 Feb 2024 | CA$124.9b | CA$19.8b | -CA$3,951,783,936.00 | 26.4x | -31.6x | 6.3x |
| Sun, 31 Dec 2023 | CA$116.1b | CA$19.7b | -CA$4,026,118,220.00 | 26.8x | -28.8x | 5.9x |
| Tue, 28 Nov 2023 | CA$110.3b | CA$20.2b | -CA$4,179,715,710.00 | 42.4x | -26.4x | 5.5x |
| Thu, 26 Oct 2023 | CA$97.7b | CA$19.6b | -CA$4,225,909,523.00 | 53.4x | -23.1x | 5x |
| Sat, 23 Sep 2023 | CA$98.7b | CA$19.3b | -CA$4,158,678,674.00 | 53.8x | -23.7x | 5.1x |
| Mon, 21 Aug 2023 | CA$99.7b | CA$19.4b | -CA$4,146,860,650.00 | 56.2x | -24x | 5.1x |
| Wed, 19 Jul 2023 | CA$105.1b | CA$18.1b | -CA$3,669,748,411.00 | 74x | -28.6x | 5.8x |
| Fri, 16 Jun 2023 | CA$101.8b | CA$17.9b | -CA$3,946,175,639.00 | 72.6x | -25.8x | 5.7x |
| Sun, 14 May 2023 | CA$96.4b | CA$17.4b | -CA$3,221,932,773.00 | 64.8x | -29.9x | 5.5x |
| Tue, 11 Apr 2023 | CA$96.8b | CA$17.0b | -CA$3,329,640,873.00 | 48.7x | -29.1x | 5.7x |
| Thu, 09 Mar 2023 | CA$88.7b | CA$16.7b | -CA$2,496,346,069.00 | 40.3x | -35.5x | 5.3x |
| Sat, 04 Feb 2023 | CA$90.0b | CA$16.2b | -CA$678,702,580.00 | 30.6x | -132.6x | 5.6x |
| Mon, 02 Jan 2023 | CA$79.2b | CA$16.3b | -CA$672,893,177.00 | 29.6x | -117.7x | 4.9x |
| 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 |
Price to Earnings Ratio
-29.6x
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 6.5x.
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 | -1.13% | |
| Tech | 0.11% | |
| Software | 0.24% | |
| Systems Software | 2.18% | |
| Application Software | 0.19% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 69% over the next 5 years.
- This is better than its past earnings decline of 59% 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 | |
|---|---|---|---|---|---|
| DSG Descartes Systems Group | CA$130.36 | 2.6% +CA$277.5m | 24.4% | PE66.8x | |
| BITF Bitfarms | CA$3.86 | 14.9% +CA$249.6m | 155.6% | PS6.9x | |
| CPLF Copperleaf Technologies | CA$11.82 | 25.2% +CA$176.7m | 98.7% | PS10.3x | |
| ENGH Enghouse Systems | CA$31.18 | 7.8% +CA$124.6m | -6.8% | PE21.4x | |
| TCS Tecsys | CA$36.89 | 10.4% +CA$51.4m | 41.2% | PE268.2x |
