NTG Clarity Networks' (CVE:NCI) Earnings Might Be Weaker Than You Think
Aug 05
Canadian (TSX) Software Industry Analysis
UpdatedAug 05, 2024
DataAggregated Company Financials
Companies82
- 7D-8.2%
- 3M4.3%
- 1Y32.7%
- YTD17.5%
Over the last 7 days, the Software industry has dropped 8.2%, driven by a pullback from Constellation Software of 6.9%. Meanwhile, Voxtur Analytics actually outperformed within the industry, gaining 53% in the last week. Over the past 12 months, the industry was up 33%. Looking forward, 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 |
|---|---|---|---|---|---|---|
| Tue, 06 Aug 2024 | CA$136.2b | CA$21.8b | -CA$3,383,761,039.63 | 44.2x | -40.3x | 6.3x |
| Thu, 04 Jul 2024 | CA$136.2b | CA$21.3b | -CA$3,425,218,965.41 | 42.6x | -39.8x | 6.4x |
| Sat, 01 Jun 2024 | CA$129.7b | CA$21.6b | -CA$3,394,625,672.18 | 42.9x | -38.2x | 6x |
| Mon, 29 Apr 2024 | CA$128.2b | CA$20.9b | -CA$4,253,287,409.27 | 47.4x | -30.1x | 6.1x |
| Wed, 27 Mar 2024 | CA$129.6b | CA$20.8b | -CA$4,804,664,815.69 | 28.8x | -27x | 6.2x |
| Fri, 23 Feb 2024 | CA$120.6b | CA$19.8b | -CA$2,759,078,012.08 | 24.7x | -43.7x | 6.1x |
| Sun, 21 Jan 2024 | CA$122.4b | CA$19.9b | -CA$3,970,806,365.00 | 25.6x | -30.8x | 6.1x |
| Tue, 19 Dec 2023 | CA$116.2b | CA$19.9b | -CA$4,052,772,828.00 | 26.5x | -28.7x | 5.8x |
| Thu, 16 Nov 2023 | CA$107.2b | CA$20.3b | -CA$4,242,951,704.00 | 46.8x | -25.3x | 5.3x |
| Sat, 14 Oct 2023 | CA$99.4b | CA$19.4b | -CA$4,196,545,860.00 | 55.2x | -23.7x | 5.1x |
| Mon, 11 Sep 2023 | CA$102.1b | CA$19.5b | -CA$4,104,906,403.00 | 55.8x | -24.9x | 5.2x |
| Wed, 09 Aug 2023 | CA$101.3b | CA$18.7b | -CA$4,287,758,556.00 | 57.6x | -23.6x | 5.4x |
| Fri, 07 Jul 2023 | CA$101.2b | CA$18.3b | -CA$3,720,963,386.00 | 70.9x | -27.2x | 5.5x |
| Sun, 04 Jun 2023 | CA$102.3b | CA$18.1b | -CA$3,990,782,176.00 | 75.2x | -25.6x | 5.6x |
| Tue, 02 May 2023 | CA$98.8b | CA$17.4b | -CA$3,298,965,989.00 | 65.9x | -29.9x | 5.7x |
| Thu, 30 Mar 2023 | CA$92.8b | CA$16.5b | -CA$2,579,549,244.00 | 43.6x | -36x | 5.6x |
| Sat, 25 Feb 2023 | CA$87.7b | CA$16.4b | -CA$2,474,327,462.00 | 35.9x | -35.4x | 5.3x |
| Mon, 23 Jan 2023 | CA$86.6b | CA$16.1b | -CA$662,875,788.00 | 30.4x | -130.7x | 5.4x |
| Wed, 21 Dec 2022 | CA$79.0b | CA$16.3b | -CA$571,631,996.00 | 33.5x | -138.2x | 4.8x |
| Fri, 18 Nov 2022 | CA$77.4b | CA$15.9b | -CA$536,711,661.00 | 37x | -144.2x | 4.9x |
| Sun, 16 Oct 2022 | CA$72.5b | CA$15.6b | -CA$277,375,405.00 | 43.8x | -261.3x | 4.6x |
| Tue, 13 Sep 2022 | CA$80.6b | CA$14.8b | -CA$430,731,522.00 | 40.2x | -187x | 5.4x |
| Thu, 11 Aug 2022 | CA$85.9b | CA$7.2b | CA$49.5m | 51.4x | 1736.2x | 12x |
| Sat, 09 Jul 2022 | CA$79.0b | CA$13.9b | CA$513.3m | 44.3x | 153.9x | 5.7x |
| Mon, 06 Jun 2022 | CA$78.7b | CA$14.2b | CA$179.4m | 58.6x | 439x | 5.5x |
| Wed, 04 May 2022 | CA$85.1b | CA$13.7b | -CA$2,736,095,630.00 | 61x | -31.1x | 6.2x |
| Fri, 01 Apr 2022 | CA$96.0b | CA$13.3b | -CA$3,298,573,974.00 | 33.8x | -29.1x | 7.2x |
| Sun, 27 Feb 2022 | CA$91.8b | CA$12.9b | -CA$3,194,447,556.00 | 58.2x | -28.7x | 7.1x |
| Tue, 25 Jan 2022 | CA$89.6b | CA$12.0b | -CA$3,228,335,711.00 | 66.6x | -27.8x | 7.5x |
| Thu, 23 Dec 2021 | CA$104.9b | CA$12.1b | -CA$3,268,515,200.00 | 79.1x | -32.1x | 8.7x |
| Sat, 20 Nov 2021 | CA$115.7b | CA$11.9b | -CA$3,431,800,760.00 | 65.1x | -33.7x | 9.7x |
| Mon, 18 Oct 2021 | CA$115.6b | CA$10.9b | -CA$3,404,777,308.00 | 53.3x | -33.9x | 10.6x |
| Wed, 15 Sep 2021 | CA$121.0b | CA$10.9b | -CA$3,323,446,338.50 | 45x | -36.4x | 11.2x |
| Fri, 13 Aug 2021 | CA$106.9b | CA$10.9b | -CA$3,271,006,370.50 | 43.9x | -32.7x | 9.8x |
Price to Earnings Ratio
-32.7x
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 | -2.48% | |
| Tech | -6.45% | |
| Software | -8.18% | |
| Systems Software | -7.54% | |
| Application Software | -8.19% | |
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 | |
|---|---|---|---|---|---|
| VXTR Voxtur Analytics | CA$0.13 | 52.9% +CA$33.3m | -16.1% | PS1.9x | |
| NCI NTG Clarity Networks | CA$1.12 | 17.9% +CA$6.4m | 397.8% | PE9.9x | |
| PLUR Plurilock Security | CA$1.09 | 9.0% +CA$6.0m | -19.3% | PS0.7x | |
| VERS VERSES AI | CA$1.20 | 2.6% +CA$4.6m | -18.4% | PS67x | |
| MHUB Minehub Technologies | CA$0.33 | 22.2% +CA$4.0m | -55.4% | n/a |
