Narrative Update • May 31
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- 7D-2.0%
- 3M-6.0%
- 1Y45.4%
- YTD8.9%
Over the last 7 days, the IT industry has dropped 2.0%, driven by a pullback from Indra Sistemas of 2.5%. Meanwhile, izertis actually outperformed within the industry, gaining 5.9% in the last week. Over the past 12 months, the industry was up 45%. 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 |
|---|---|---|---|---|---|---|
| Sat, 06 Jun 2026 | €11.6b | €7.8b | €498.4m | 22.2x | 23.3x | 1.5x |
| Mon, 04 May 2026 | €10.5b | €7.3b | €470.7m | 22.8x | 22.2x | 1.4x |
| Wed, 01 Apr 2026 | €10.1b | €7.2b | €474.5m | 28x | 21.4x | 1.4x |
| Fri, 27 Feb 2026 | €12.9b | €7.0b | €436.5m | 28.7x | 29.6x | 1.8x |
| Sun, 25 Jan 2026 | €11.6b | €7.0b | €436.5m | 25.2x | 26.6x | 1.7x |
| Tue, 23 Dec 2025 | €10.3b | €7.2b | €443.7m | 26.6x | 23.3x | 1.4x |
| Thu, 20 Nov 2025 | €10.1b | €7.2b | €443.7m | 25.7x | 22.9x | 1.4x |
| Sat, 18 Oct 2025 | €9.1b | €7.0b | €436.8m | 28.4x | 20.9x | 1.3x |
| Mon, 15 Sep 2025 | €7.8b | €7.0b | €436.2m | 28.2x | 17.9x | 1.1x |
| Wed, 13 Aug 2025 | €8.0b | €7.0b | €436.2m | 28.2x | 18.3x | 1.1x |
| Fri, 11 Jul 2025 | €8.5b | €6.9b | €348.8m | 28.4x | 24.4x | 1.2x |
| Sun, 08 Jun 2025 | €7.9b | €6.9b | €348.8m | 25.2x | 22.7x | 1.1x |
| Tue, 06 May 2025 | €6.9b | €6.8b | €349.0m | 24.4x | 19.7x | 1x |
| Thu, 03 Apr 2025 | €6.4b | €5.7b | €301.9m | 24.4x | 21.1x | 1.1x |
| Sat, 01 Mar 2025 | €5.2b | €6.9b | €351.7m | 21.3x | 14.9x | 0.8x |
| Mon, 27 Jan 2025 | €4.8b | €6.7b | €318.2m | 21.3x | 15.2x | 0.7x |
| Wed, 25 Dec 2024 | €4.5b | €6.7b | €318.2m | 20.1x | 14.1x | 0.7x |
| Fri, 22 Nov 2024 | €4.5b | €6.7b | €318.2m | 22x | 14x | 0.7x |
| Sun, 20 Oct 2024 | €4.6b | €6.6b | €301.2m | 21.9x | 15.4x | 0.7x |
| Tue, 17 Sep 2024 | €4.5b | €6.6b | €302.8m | 21.2x | 14.9x | 0.7x |
| Thu, 15 Aug 2024 | €4.5b | €6.6b | €302.8m | 21.7x | 14.9x | 0.7x |
| Sat, 13 Jul 2024 | €5.0b | €6.5b | €296.1m | 22.2x | 16.9x | 0.8x |
| Mon, 10 Jun 2024 | €5.5b | €6.3b | €288.9m | 22.1x | 18.9x | 0.9x |
| Wed, 08 May 2024 | €5.1b | €6.3b | €288.9m | 21.7x | 17.7x | 0.8x |
| Fri, 05 Apr 2024 | €4.9b | €6.1b | €270.9m | 24.4x | 18.1x | 0.8x |
| Sun, 03 Mar 2024 | €4.8b | €6.1b | €271.0m | 25.5x | 17.6x | 0.8x |
| Tue, 30 Jan 2024 | €4.5b | €5.9b | €267.6m | 26.6x | 17x | 0.8x |
| Thu, 28 Dec 2023 | €4.1b | €5.9b | €267.6m | 25.2x | 15.2x | 0.7x |
| Sat, 25 Nov 2023 | €4.1b | €5.9b | €267.6m | 24.8x | 15.5x | 0.7x |
| Mon, 23 Oct 2023 | €3.9b | €5.8b | €260.5m | 24.3x | 14.8x | 0.7x |
| Wed, 20 Sep 2023 | €4.0b | €5.7b | €258.6m | 24.2x | 15.6x | 0.7x |
| Fri, 18 Aug 2023 | €3.9b | €5.7b | €258.6m | 24.7x | 15.2x | 0.7x |
| Sun, 16 Jul 2023 | €3.8b | €5.6b | €236.1m | 25.1x | 15.9x | 0.7x |
| Tue, 13 Jun 2023 | €3.7b | €5.6b | €235.8m | 23x | 15.7x | 0.7x |
Price to Earnings Ratio
15.7x
Current Industry PE
- Investors are optimistic on the Spanish IT industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 23.3x which is higher than its 3-year average PE of 18.5x.
- The 3-year average PS ratio of 0.97x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the IT industry have grown 28% per year over the last three years.
- Revenues for these companies have grown 12% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Spanish Tech industry?
| ES Market | 0.088% | |
| Tech | -1.93% | |
| IT | -2.04% | |
| Internet Services and Infrastructure | 5.00% | |
| Data Processing Services | 0% | 0 |
| IT Consulting | -2.07% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 18.1x.
- Analysts expect its future annual earnings growth (15.1%) 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 | |
|---|---|---|---|---|---|
| IZER izertis | €9.04 | 5.9% +€17.3m | -2.0% | PE80.9x | |
| SNG Singular People | €2.46 | 3.4% +€4.2m | 23.0% | PE21.4x | |
| GIGA Gigas Hosting | €3.36 | 5.0% +€2.0m | -43.1% | PS0.5x |