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Jun 26
Canadian (TSX) Software Industry Analysis
UpdatedJun 28, 2024
DataAggregated Company Financials
Companies85
- 7D4.1%
- 3M3.8%
- 1Y29.8%
- YTD15.9%
The Software industry is up 4.1% in the last week, with Constellation Software up 4.8%. Meanwhile, Bitfarms actually underperformed within the industry, shrinking 17% in the last week. This means that the industry has gained 30% over the past year. 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 |
|---|---|---|---|---|---|---|
| Fri, 28 Jun 2024 | CA$132.3b | CA$21.7b | -CA$3,403,298,021.92 | 43.1x | -38.9x | 6.1x |
| Sun, 26 May 2024 | CA$132.5b | CA$21.6b | -CA$3,427,213,387.52 | 56.7x | -38.7x | 6.1x |
| Tue, 23 Apr 2024 | CA$127.7b | CA$21.0b | -CA$4,275,092,876.23 | 36.2x | -29.9x | 6.1x |
| Thu, 21 Mar 2024 | CA$122.7b | CA$20.6b | -CA$4,779,498,962.47 | 29.5x | -25.7x | 5.9x |
| Sat, 17 Feb 2024 | CA$122.7b | CA$19.8b | -CA$2,764,841,547.33 | 24.5x | -44.4x | 6.2x |
| Mon, 15 Jan 2024 | CA$120.1b | CA$19.9b | -CA$3,963,187,475.00 | 28.5x | -30.3x | 6.1x |
| Wed, 13 Dec 2023 | CA$114.3b | CA$20.1b | -CA$4,087,421,947.00 | 25.3x | -28x | 5.7x |
| Fri, 10 Nov 2023 | CA$103.7b | CA$19.9b | -CA$4,311,961,432.00 | 69.7x | -24x | 5.2x |
| Sun, 08 Oct 2023 | CA$101.8b | CA$19.4b | -CA$4,197,369,549.00 | 55.5x | -24.3x | 5.2x |
| Tue, 05 Sep 2023 | CA$105.6b | CA$19.4b | -CA$4,115,700,218.00 | 59.2x | -25.7x | 5.4x |
| Thu, 03 Aug 2023 | CA$101.2b | CA$18.4b | -CA$3,827,359,611.00 | 59x | -26.4x | 5.5x |
| Sat, 01 Jul 2023 | CA$104.1b | CA$18.2b | -CA$3,684,545,075.00 | 74.3x | -28.2x | 5.7x |
| Mon, 29 May 2023 | CA$100.1b | CA$18.3b | -CA$4,110,770,360.00 | 76.3x | -24.3x | 5.5x |
| Wed, 26 Apr 2023 | CA$96.9b | CA$17.5b | -CA$3,310,339,448.00 | 49.9x | -29.3x | 5.5x |
| Fri, 24 Mar 2023 | CA$90.6b | CA$16.6b | -CA$2,579,021,438.00 | 37.9x | -35.1x | 5.5x |
| Sun, 19 Feb 2023 | CA$90.2b | CA$16.4b | -CA$2,263,819,317.00 | 35.9x | -39.9x | 5.5x |
| Tue, 17 Jan 2023 | CA$85.0b | CA$16.1b | -CA$662,735,826.00 | 30.6x | -128.2x | 5.3x |
| Thu, 15 Dec 2022 | CA$81.0b | CA$16.3b | -CA$570,373,114.00 | 32.7x | -142.1x | 5x |
| Sat, 12 Nov 2022 | CA$78.0b | CA$15.9b | -CA$275,767,411.00 | 28.6x | -282.8x | 4.9x |
| Mon, 10 Oct 2022 | CA$75.2b | CA$15.4b | -CA$282,366,710.00 | 43.5x | -266.3x | 4.9x |
| Wed, 07 Sep 2022 | CA$76.6b | CA$15.0b | -CA$423,849,924.00 | 42x | -180.7x | 5.1x |
| Fri, 05 Aug 2022 | CA$85.7b | CA$13.9b | CA$392.7m | 45.3x | 218.2x | 6.2x |
| Sun, 03 Jul 2022 | CA$75.6b | CA$13.9b | CA$514.0m | 44.3x | 147.1x | 5.4x |
| Tue, 31 May 2022 | CA$81.7b | CA$14.2b | CA$276.4m | 60.2x | 295.4x | 5.8x |
| Thu, 28 Apr 2022 | CA$86.2b | CA$13.6b | -CA$2,685,737,698.00 | 42.5x | -32.1x | 6.3x |
| Sat, 26 Mar 2022 | CA$92.8b | CA$12.7b | -CA$3,213,194,623.00 | 48x | -28.9x | 7.3x |
| Mon, 21 Feb 2022 | CA$91.1b | CA$12.9b | -CA$3,213,201,800.00 | 60.5x | -28.3x | 7.1x |
| Wed, 19 Jan 2022 | CA$93.5b | CA$11.9b | -CA$3,198,961,822.00 | 69.2x | -29.2x | 7.9x |
| Fri, 17 Dec 2021 | CA$100.5b | CA$12.1b | -CA$3,501,206,794.00 | 77.2x | -28.7x | 8.3x |
| Sun, 14 Nov 2021 | CA$115.0b | CA$11.7b | -CA$3,483,893,806.00 | 50.9x | -33x | 9.9x |
| Tue, 12 Oct 2021 | CA$109.9b | CA$10.9b | -CA$3,421,317,051.00 | 48.6x | -32.1x | 10x |
| Thu, 09 Sep 2021 | CA$121.9b | CA$10.9b | -CA$3,323,446,338.50 | 46.9x | -36.7x | 11.2x |
| Sat, 07 Aug 2021 | CA$105.2b | CA$10.9b | -CA$3,271,006,370.50 | 47x | -32.2x | 9.7x |
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 | 1.54% | |
| Tech | 3.22% | |
| Software | 4.07% | |
| Application Software | 4.07% | |
| Systems Software | 3.69% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 27% over the next 5 years.
- This is better than its past earnings growth rate of 13% per year.
- In contrast, the Systems Software industry is expected to see its earnings grow by 10% 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$3.93k | 4.8% +CA$3.8b | 45.2% | PE105.5x | |
| LMN Lumine Group | CA$37.49 | 5.1% +CA$467.0m | 106.6% | PS12.9x | |
| DSG Descartes Systems Group | CA$133.15 | 4.1% +CA$451.7m | 28.2% | PE68.5x | |
| TOI Topicus.com | CA$115.86 | 3.6% +CA$335.7m | 5.7% | PE86.3x | |
| BB BlackBerry | CA$3.36 | 5.7% +CA$106.2m | -52.7% | PS1.7x |
