Spanish (IBEX) IT Industry Analysis
UpdatedApr 16, 2024
DataAggregated Company Financials
Companies9
- 7D-1.3%
- 3M11.6%
- 1Y27.9%
- YTD18.3%
Over the last 7 days, the IT industry has dropped 1.2%, driven by Indra Sistemas declining 2.1%. This takes the industry's 12 month performance to a gain of 27%. Earnings are forecast to grow by 15% annually.
Industry Valuation and Performance
Has the Spanish IT Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 16 Apr 2024 | €4.8b | €6.1b | €272.6m | 22.6x | 17.7x | 0.8x |
| Thu, 14 Mar 2024 | €4.8b | €6.1b | €270.9m | 24x | 17.7x | 0.8x |
| Sat, 10 Feb 2024 | €4.5b | €5.9b | €267.6m | 25.8x | 16.8x | 0.8x |
| Mon, 08 Jan 2024 | €4.1b | €5.9b | €267.6m | 26.1x | 15.3x | 0.7x |
| Wed, 06 Dec 2023 | €4.2b | €5.9b | €267.6m | 25.1x | 15.5x | 0.7x |
| Fri, 03 Nov 2023 | €3.9b | €5.9b | €267.6m | 23.9x | 14.5x | 0.7x |
| Sun, 01 Oct 2023 | €4.0b | €5.7b | €258.6m | 23.6x | 15.3x | 0.7x |
| Tue, 29 Aug 2023 | €3.9b | €5.7b | €258.6m | 25x | 15x | 0.7x |
| Thu, 27 Jul 2023 | €3.8b | €5.6b | €239.6m | 25.3x | 16x | 0.7x |
| Sat, 24 Jun 2023 | €3.6b | €5.6b | €235.8m | 22.9x | 15.4x | 0.6x |
| Mon, 22 May 2023 | €3.7b | €5.6b | €236.6m | 21.9x | 15.8x | 0.7x |
| Wed, 19 Apr 2023 | €3.8b | €5.5b | €224.9m | 24x | 17x | 0.7x |
| Fri, 17 Mar 2023 | €30.4b | €9.9b | €889.6m | 25.5x | 34.1x | 3.1x |
| Sun, 12 Feb 2023 | €29.8b | €9.4b | €698.2m | 24.1x | 42.7x | 3.2x |
| Tue, 10 Jan 2023 | €28.0b | €9.4b | €697.6m | 22.5x | 40.2x | 3x |
| Thu, 08 Dec 2022 | €25.9b | €9.4b | €697.9m | 22.5x | 37.1x | 2.8x |
| Sat, 05 Nov 2022 | €26.2b | €8.8b | €527.9m | 24x | 49.6x | 3x |
| Mon, 03 Oct 2022 | €24.3b | €8.7b | €527.8m | 27.6x | 46x | 2.8x |
| Wed, 31 Aug 2022 | €26.6b | €8.7b | €527.4m | 27.9x | 50.5x | 3x |
| Fri, 29 Jul 2022 | €28.6b | €8.1b | €247.6m | 26.4x | 115.6x | 3.5x |
| Sun, 26 Jun 2022 | €27.0b | €8.0b | €244.8m | 36.2x | 110.2x | 3.4x |
| Tue, 24 May 2022 | €29.7b | €8.0b | €245.2m | 52.1x | 121.2x | 3.7x |
| Thu, 21 Apr 2022 | €29.2b | €7.5b | €54.7m | 35.9x | 533.7x | 3.9x |
| Sat, 19 Mar 2022 | €28.4b | €7.5b | €55.6m | 33.3x | 510.5x | 3.8x |
| Mon, 14 Feb 2022 | €30.7b | €7.0b | -€266,723,914.00 | 39.3x | -115.2x | 4.4x |
| Wed, 12 Jan 2022 | €31.6b | €7.0b | -€266,723,914.00 | 35.2x | -118.5x | 4.5x |
| Fri, 10 Dec 2021 | €29.4b | €7.0b | -€271,342,397.00 | 23.3x | -108.4x | 4.2x |
| Sun, 07 Nov 2021 | €31.2b | €7.0b | -€271,542,397.00 | 24.3x | -114.8x | 4.5x |
| Tue, 05 Oct 2021 | €29.1b | €6.6b | -€470,407,763.00 | 27.2x | -62x | 4.4x |
| Thu, 02 Sep 2021 | €26.7b | €6.6b | -€470,407,763.00 | 28.2x | -56.8x | 4.1x |
| Sat, 31 Jul 2021 | €27.7b | €6.6b | -€470,407,763.00 | 26.1x | -58.8x | 4.2x |
| Tue, 04 May 2021 | €28.2b | €6.0b | -€859,289,263.00 | 31x | -32.8x | 4.7x |
Price to Earnings Ratio
-32.8x
Current Industry PE
- Investors are pessimistic on the Spanish IT 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 17.7x which is lower than its 3-year average PE of 37.8x.
- The 3-year average PS ratio of 2.7x is higher than the industry's current PS ratio of 0.79x.
Past Earnings Growth
- Total earnings for the IT 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 industry?
| ES Market | -1.64% | |
| Tech | -0.82% | |
| IT | -1.31% | |
| Internet Services and Infrastructure | 2.67% | |
| Data Processing Services | 0% | |
| IT Consulting | -1.38% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 9.5x.
- Analysts expect its future annual earnings growth (14.7%) to be largely in line with prior year's earnings growth.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 15% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the IT Consulting industry is expected to see its earnings grow by 15% 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 | €18.57 | 1.0% +€31.4m | 46.3% | PE15.7x | |
| IZER izertis | €8.80 | 4.8% +€10.3m | 10.0% | PE45.2x | |
| GIGA Gigas Hosting | €7.70 | 2.0% +€1.7m | -1.3% | PS1.3x |