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Canadian (TSX) Software Industry Analysis
UpdatedJun 29, 2024
DataAggregated Company Financials
Companies83
- 7D3.1%
- 3M4.1%
- 1Y28.2%
- YTD16.2%
In the last week, the Software industry is up 4.1%, with Constellation Software up 4.8%. During this same period, the Bitfarms underperformed, falling 17%. This takes the industry's 12 month performance to a gain of 30%. Earnings are forecast to grow by 27% 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 |
|---|---|---|---|---|---|---|
| Sat, 29 Jun 2024 | CA$134.7b | CA$21.3b | -CA$3,438,481,648.47 | 42.8x | -39.2x | 6.3x |
| Mon, 27 May 2024 | CA$132.5b | CA$21.6b | -CA$3,427,213,387.52 | 56.7x | -38.7x | 6.1x |
| Wed, 24 Apr 2024 | CA$130.7b | CA$20.9b | -CA$4,250,876,423.57 | 36.6x | -30.7x | 6.3x |
| Fri, 22 Mar 2024 | CA$124.1b | CA$20.7b | -CA$4,787,905,942.84 | 29.4x | -25.9x | 6x |
| Sun, 18 Feb 2024 | CA$122.7b | CA$19.8b | -CA$2,760,192,796.85 | 24.5x | -44.5x | 6.2x |
| Tue, 16 Jan 2024 | CA$121.1b | CA$19.9b | -CA$3,969,178,192.00 | 28.2x | -30.5x | 6.1x |
| Thu, 14 Dec 2023 | CA$114.3b | CA$20.0b | -CA$4,067,843,366.00 | 25.9x | -28.1x | 5.7x |
| Sat, 11 Nov 2023 | CA$103.7b | CA$20.4b | -CA$4,251,663,907.00 | 46.2x | -24.4x | 5.1x |
| Mon, 09 Oct 2023 | CA$101.8b | CA$19.4b | -CA$4,197,369,549.00 | 55.5x | -24.3x | 5.2x |
| Wed, 06 Sep 2023 | CA$105.1b | CA$19.4b | -CA$4,111,403,107.00 | 59x | -25.6x | 5.4x |
| Fri, 04 Aug 2023 | CA$101.0b | CA$18.4b | -CA$3,760,309,044.00 | 58.6x | -26.9x | 5.5x |
| Sun, 02 Jul 2023 | CA$104.1b | CA$18.2b | -CA$3,684,545,078.00 | 74.3x | -28.2x | 5.7x |
| Tue, 30 May 2023 | CA$99.8b | CA$18.3b | -CA$4,105,657,833.00 | 76.6x | -24.3x | 5.5x |
| Thu, 27 Apr 2023 | CA$97.4b | CA$17.5b | -CA$3,312,330,348.00 | 50.4x | -29.4x | 5.6x |
| Sat, 25 Mar 2023 | CA$90.7b | CA$16.6b | -CA$2,584,076,552.00 | 37.6x | -35.1x | 5.5x |
| Mon, 20 Feb 2023 | CA$90.2b | CA$16.4b | -CA$2,263,819,317.00 | 35.9x | -39.9x | 5.5x |
| Wed, 18 Jan 2023 | CA$85.0b | CA$16.1b | -CA$663,096,763.00 | 29.6x | -128.2x | 5.3x |
| Fri, 16 Dec 2022 | CA$80.3b | CA$16.4b | -CA$577,426,755.00 | 32.7x | -139.1x | 4.9x |
| Sun, 13 Nov 2022 | CA$78.0b | CA$15.9b | -CA$241,910,989.00 | 37.6x | -322.4x | 4.9x |
| Tue, 11 Oct 2022 | CA$75.2b | CA$15.5b | -CA$280,965,153.00 | 43.5x | -267.6x | 4.9x |
| Thu, 08 Sep 2022 | CA$76.6b | CA$15.0b | -CA$423,849,924.00 | 42x | -180.7x | 5.1x |
| Sat, 06 Aug 2022 | CA$85.6b | CA$14.6b | CA$177.1m | 51.4x | 483.1x | 5.9x |
| Mon, 04 Jul 2022 | CA$75.6b | CA$13.9b | CA$514.0m | 44.3x | 147.1x | 5.4x |
| Wed, 01 Jun 2022 | CA$80.1b | CA$14.2b | CA$253.0m | 58.3x | 316.5x | 5.6x |
| Fri, 29 Apr 2022 | CA$86.6b | CA$13.6b | -CA$2,679,396,812.00 | 52.3x | -32.3x | 6.4x |
| Sun, 27 Mar 2022 | CA$94.1b | CA$13.2b | -CA$3,294,243,740.00 | 48x | -28.6x | 7.1x |
| Tue, 22 Feb 2022 | CA$91.1b | CA$12.9b | -CA$3,214,315,650.00 | 60.5x | -28.3x | 7.1x |
| Thu, 20 Jan 2022 | CA$91.8b | CA$11.8b | -CA$3,198,300,650.00 | 68x | -28.7x | 7.8x |
| Sat, 18 Dec 2021 | CA$101.5b | CA$12.1b | -CA$3,502,658,902.00 | 77.1x | -29x | 8.4x |
| Mon, 15 Nov 2021 | CA$115.3b | CA$11.7b | -CA$3,493,957,966.00 | 50.9x | -33x | 9.8x |
| Wed, 13 Oct 2021 | CA$109.9b | CA$10.9b | -CA$3,412,030,869.00 | 47.5x | -32.2x | 10x |
| Fri, 10 Sep 2021 | CA$122.5b | CA$10.9b | -CA$3,323,446,338.50 | 45.7x | -36.9x | 11.3x |
| Sun, 08 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 | 1.43% | |
| Tech | 2.48% | |
| Software | 3.10% | |
| Systems Software | 5.53% | |
| Application Software | 3.04% | |
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$3.94k | 3.5% +CA$2.8b | 43.6% | PE106x | |
| TOI Topicus.com | CA$117.00 | 4.9% +CA$455.9m | 7.7% | PE87.1x | |
| DSG Descartes Systems Group | CA$132.55 | 2.6% +CA$289.5m | 24.9% | PE68.2x | |
| KXS Kinaxis | CA$157.76 | 5.1% +CA$215.3m | -16.7% | PE216.9x | |
| BB BlackBerry | CA$3.42 | 8.9% +CA$165.3m | -53.4% | PS2.4x |
