TIER 1 Technology, S.A.'s (BME:TR1) Low P/E No Reason For Excitement
Nov 21
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Spanish (IBEX) Tech Sector Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies19
- 7D-0.3%
- 3M-2.3%
- 1Y6.1%
- YTD7.2%
The Tech industry has been flat over the last week, but Altia Consultores has lost 6.0%. As for the the longer term, the industry is up 7.0% over the past 12 months. Earnings are forecast to grow by 17% annually.
Sector Valuation and Performance
Has the Spanish Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | €4.8b | €7.3b | €301.1m | 21.6x | 16.1x | 0.7x |
| Sat, 19 Oct 2024 | €5.0b | €7.2b | €285.8m | 21.1x | 17.6x | 0.7x |
| Mon, 16 Sep 2024 | €4.9b | €7.2b | €287.4m | 20.7x | 17.2x | 0.7x |
| Wed, 14 Aug 2024 | €4.9b | €7.2b | €287.4m | 21.3x | 16.9x | 0.7x |
| Fri, 12 Jul 2024 | €5.4b | €7.1b | €285.8m | 22.5x | 18.8x | 0.8x |
| Sun, 09 Jun 2024 | €5.8b | €6.8b | €277.8m | 22.8x | 21x | 0.9x |
| Tue, 07 May 2024 | €5.4b | €6.6b | €262.1m | 21.7x | 20.8x | 0.8x |
| Thu, 04 Apr 2024 | €5.3b | €6.7b | €260.3m | 22.4x | 20.3x | 0.8x |
| Sat, 02 Mar 2024 | €5.1b | €6.7b | €261.0m | 23.7x | 19.6x | 0.8x |
| Mon, 29 Jan 2024 | €4.9b | €6.5b | €256.6m | 26.7x | 19.1x | 0.8x |
| Wed, 27 Dec 2023 | €4.4b | €6.5b | €257.9m | 25.4x | 17.2x | 0.7x |
| Fri, 24 Nov 2023 | €4.5b | €6.5b | €257.9m | 24.6x | 17.6x | 0.7x |
| Sun, 22 Oct 2023 | €4.2b | €6.4b | €241.3m | 38.1x | 17.5x | 0.7x |
| Tue, 19 Sep 2023 | €4.4b | €6.3b | €239.4m | 42x | 18.3x | 0.7x |
| Thu, 17 Aug 2023 | €4.3b | €6.3b | €239.4m | 44.4x | 18x | 0.7x |
| Sat, 15 Jul 2023 | €4.1b | €6.2b | €217.0m | 40.9x | 18.9x | 0.7x |
| Mon, 12 Jun 2023 | €4.0b | €6.2b | €215.8m | 40.7x | 18.8x | 0.7x |
| Wed, 10 May 2023 | €4.1b | €6.1b | €214.9m | 38.4x | 19.1x | 0.7x |
| Fri, 07 Apr 2023 | €4.3b | €6.0b | €204.2m | 49.4x | 21x | 0.7x |
| Sun, 05 Mar 2023 | €31.8b | €10.4b | €841.2m | 33.4x | 37.8x | 3.1x |
| Tue, 31 Jan 2023 | €30.2b | €9.9b | €685.6m | 32.6x | 44.1x | 3x |
| Thu, 29 Dec 2022 | €26.2b | €9.9b | €686.5m | 22.4x | 38.1x | 2.6x |
| Sat, 26 Nov 2022 | €26.9b | €9.9b | €700.4m | 25.2x | 38.4x | 2.7x |
| Mon, 24 Oct 2022 | €25.8b | €9.3b | €530.6m | 21.3x | 48.6x | 2.8x |
| Wed, 21 Sep 2022 | €25.9b | €9.2b | €530.8m | 21.8x | 48.8x | 2.8x |
| Fri, 19 Aug 2022 | €29.0b | €9.2b | €530.8m | 24.1x | 54.7x | 3.1x |
| Sun, 17 Jul 2022 | €28.2b | €8.5b | €251.1m | 19.6x | 112.4x | 3.3x |
| Tue, 14 Jun 2022 | €27.1b | €8.5b | €248.6m | 24.1x | 108.9x | 3.2x |
| Thu, 12 May 2022 | €29.9b | €8.5b | €247.7m | 27.2x | 120.9x | 3.5x |
| Sat, 09 Apr 2022 | €29.1b | €7.9b | €55.5m | 27.6x | 524.3x | 3.7x |
| Mon, 07 Mar 2022 | €27.2b | €7.9b | €55.5m | 22.1x | 490x | 3.4x |
| Wed, 02 Feb 2022 | €31.8b | €7.4b | -€273,360,819.00 | 39.6x | -116.4x | 4.3x |
| Fri, 31 Dec 2021 | €30.7b | €7.4b | -€272,675,255.00 | 35x | -112.6x | 4.2x |
| Sun, 28 Nov 2021 | €29.2b | €7.3b | -€276,274,318.00 | 22.6x | -105.8x | 4x |
Price to Earnings Ratio
-105.8x
Current Industry PE
- Investors are pessimistic on the Spanish Information Technology industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 16.1x which is lower than its 3-year average PE of 53.2x.
- The 3-year average PS ratio of 1.9x is higher than the industry's current PS ratio of 0.66x.
Past Earnings Growth
- Total earnings for the Information Technology industry have gone up over the last three years, and the industry is now profitable.
- Revenues have remained mostly flat. This means that the industry has become more efficient since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Spanish Tech sector?
| ES Market | 1.51% | |
| Tech | -0.25% | |
| Software | 1.60% | |
| Electronic Equipment and Components | 0.25% | |
| Tech Hardware | 0% | |
| Semiconductors | 0% | |
| IT | -0.095% | |
| Communications | -6.68% | |
Industry PE
- Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 45.7x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 86% over the next 5 years.
- In contrast, the IT industry is expected to see its earnings grow by 14% 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 | |
|---|---|---|---|---|---|
| IDR Indra Sistemas | €16.49 | 0.9% +€26.5m | 14.8% | PE11.9x | |
| TR1 TIER 1 Technology | €2.94 | 10.5% +€2.7m | 56.4% | PE16.8x | |
| SAI Substrate Artificial Inteligence | €0.11 | 9.5% +€913.4k | -55.9% | PS1.2x | |
| DOM Global Dominion Access | €2.69 | 0.2% +€749.8k | -18.6% | PE8.5x | |
| RBT Robot | €1.80 | 2.3% +€112.6k | 20.0% | PS0.9x |
