There Is A Reason Dye & Durham Limited's (TSE:DND) Price Is Undemanding
Jul 03
Canadian (TSX) Software Industry Analysis
UpdatedJul 06, 2024
DataAggregated Company Financials
Companies83
- 7D0.9%
- 3M6.1%
- 1Y32.9%
- YTD17.4%
Over the last 7 days, the Software industry has remained flat. As for the the longer term, the industry is up 33% over the past 12 months. 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 |
|---|---|---|---|---|---|---|
| Sun, 07 Jul 2024 | CA$137.9b | CA$21.3b | -CA$3,426,092,493.68 | 44.1x | -40.3x | 6.5x |
| Tue, 04 Jun 2024 | CA$131.0b | CA$21.6b | -CA$3,391,077,091.35 | 42.6x | -38.6x | 6.1x |
| Thu, 02 May 2024 | CA$125.3b | CA$20.8b | -CA$4,083,900,158.85 | 48.2x | -30.7x | 6x |
| Sat, 30 Mar 2024 | CA$129.4b | CA$20.7b | -CA$4,790,952,304.19 | 28.6x | -27x | 6.3x |
| Mon, 26 Feb 2024 | CA$123.6b | CA$19.8b | -CA$2,760,886,481.82 | 25x | -44.8x | 6.2x |
| Wed, 24 Jan 2024 | CA$122.8b | CA$19.9b | -CA$3,975,888,891.00 | 26x | -30.9x | 6.2x |
| Fri, 22 Dec 2023 | CA$113.3b | CA$19.8b | -CA$4,051,671,458.00 | 26.9x | -28x | 5.7x |
| Sun, 19 Nov 2023 | CA$109.7b | CA$20.3b | -CA$4,239,933,764.00 | 46.5x | -25.9x | 5.4x |
| Tue, 17 Oct 2023 | CA$100.2b | CA$19.4b | -CA$4,185,179,016.00 | 55.3x | -23.9x | 5.2x |
| Thu, 14 Sep 2023 | CA$102.8b | CA$19.4b | -CA$4,090,149,222.00 | 55.9x | -25.1x | 5.3x |
| Sat, 12 Aug 2023 | CA$102.3b | CA$18.7b | -CA$4,155,360,521.00 | 57.4x | -24.6x | 5.5x |
| Mon, 10 Jul 2023 | CA$101.1b | CA$18.2b | -CA$3,700,383,678.00 | 71x | -27.3x | 5.5x |
| Wed, 07 Jun 2023 | CA$102.8b | CA$18.1b | -CA$3,986,586,270.00 | 77.1x | -25.8x | 5.7x |
| Fri, 05 May 2023 | CA$96.2b | CA$17.4b | -CA$3,345,606,419.00 | 61.4x | -28.7x | 5.5x |
| Sun, 02 Apr 2023 | CA$96.3b | CA$17.0b | -CA$3,362,285,542.00 | 38.2x | -28.7x | 5.7x |
| Tue, 28 Feb 2023 | CA$88.0b | CA$16.4b | -CA$2,462,822,631.00 | 37.4x | -35.7x | 5.4x |
| Thu, 26 Jan 2023 | CA$86.7b | CA$16.1b | -CA$663,817,642.00 | 30.4x | -130.6x | 5.4x |
| Sat, 24 Dec 2022 | CA$78.7b | CA$16.3b | -CA$673,585,802.00 | 33.5x | -116.8x | 4.8x |
| Mon, 21 Nov 2022 | CA$76.9b | CA$16.0b | -CA$532,061,717.00 | 38.9x | -144.6x | 4.8x |
| Wed, 19 Oct 2022 | CA$74.7b | CA$15.6b | -CA$280,210,984.00 | 44.4x | -266.7x | 4.8x |
| Fri, 16 Sep 2022 | CA$77.6b | CA$15.0b | -CA$428,363,517.00 | 39.4x | -181.2x | 5.2x |
| Sun, 14 Aug 2022 | CA$86.6b | CA$14.5b | -CA$79,930,022.00 | 49.1x | -1083x | 6x |
| Tue, 12 Jul 2022 | CA$77.1b | CA$14.0b | CA$514.7m | 42.5x | 149.8x | 5.5x |
| Thu, 09 Jun 2022 | CA$79.3b | CA$14.2b | CA$177.4m | 56.1x | 447.3x | 5.6x |
| Sat, 07 May 2022 | CA$80.8b | CA$14.1b | CA$236.0m | 45.6x | 342.5x | 5.7x |
| Mon, 04 Apr 2022 | CA$96.3b | CA$13.3b | -CA$2,711,244,639.00 | 53.1x | -35.5x | 7.2x |
| Wed, 02 Mar 2022 | CA$92.6b | CA$12.8b | -CA$3,147,035,928.00 | 58.5x | -29.4x | 7.2x |
| Fri, 28 Jan 2022 | CA$87.2b | CA$12.0b | -CA$3,205,490,480.00 | 65.2x | -27.2x | 7.3x |
| Sun, 26 Dec 2021 | CA$106.7b | CA$12.1b | -CA$3,255,844,169.00 | 80.7x | -32.8x | 8.8x |
| Tue, 23 Nov 2021 | CA$114.4b | CA$11.9b | -CA$3,423,994,495.00 | 67.3x | -33.4x | 9.6x |
| Thu, 21 Oct 2021 | CA$117.5b | CA$10.8b | -CA$3,402,003,014.00 | 55.3x | -34.5x | 10.8x |
| Sat, 18 Sep 2021 | CA$121.2b | CA$11.1b | -CA$3,403,482,219.00 | 46x | -35.6x | 10.9x |
| Mon, 16 Aug 2021 | CA$107.2b | CA$10.9b | -CA$3,271,006,370.50 | 43.2x | -32.8x | 9.9x |
Price to Earnings Ratio
-31.9x
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 25% 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 | 0.72% | |
| Tech | 1.04% | |
| Software | 0.95% | |
| Application Software | 0.95% | |
| Systems Software | 0.73% | |
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$3.98k | 0.9% +CA$791.3m | 49.6% | PE107.4x | |
| DSG Descartes Systems Group | CA$134.70 | 1.6% +CA$183.6m | 30.4% | PE69.6x | |
| TOI Topicus.com | CA$119.11 | 1.8% +CA$174.9m | 14.9% | PE88x | |
| CPLF Copperleaf Technologies | CA$11.86 | 0.08% +CA$51.8m | 96.7% | PS10.9x | |
| BITF Bitfarms | CA$3.64 | 3.1% +CA$45.0m | 59.6% | PS6.6x |
