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U.K. (FTSE) Tech Sector Analysis

UpdatedOct 14, 2024
DataAggregated Company Financials
Companies127
  • 7D-0.9%
  • 3M-8.6%
  • 1Y6.5%
  • YTD-3.9%

The Tech industry has been flat over the last week, but Renishaw has lost 3.1%. The past year has been better, since the industry has gained 6.5% in that time. Looking forward, earnings are forecast to grow by 19% annually.

Sector Valuation and Performance

Has the U.K. Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 15 Oct 2024UK£49.0bUK£23.0bUK£1.1b26.4x44.1x2.1x
Thu, 12 Sep 2024UK£53.3bUK£23.5bUK£1.3b25.7x42.2x2.3x
Sat, 10 Aug 2024UK£54.9bUK£24.0bUK£1.3b27.1x43.5x2.3x
Mon, 08 Jul 2024UK£58.1bUK£24.3bUK£1.2b28x49.6x2.4x
Wed, 05 Jun 2024UK£54.5bUK£23.9bUK£1.1b29.3x51.4x2.3x
Fri, 03 May 2024UK£53.3bUK£24.0bUK£996.8m27.5x53.4x2.2x
Sun, 31 Mar 2024UK£53.9bUK£24.1bUK£885.4m28x60.9x2.2x
Tue, 27 Feb 2024UK£53.3bUK£24.4bUK£908.8m29.7x58.7x2.2x
Thu, 25 Jan 2024UK£73.1bUK£31.4bUK£946.4m26.4x77.3x2.3x
Sat, 23 Dec 2023UK£74.0bUK£31.4bUK£952.7m27.9x77.7x2.4x
Mon, 20 Nov 2023UK£69.3bUK£32.0bUK£1.0b27.1x67.9x2.2x
Wed, 18 Oct 2023UK£68.6bUK£31.9bUK£987.0m27.2x69.5x2.1x
Fri, 15 Sep 2023UK£72.8bUK£31.7bUK£1.0b28.6x70.4x2.3x
Sun, 13 Aug 2023UK£71.5bUK£30.7bUK£1.0b28.4x69.1x2.3x
Tue, 11 Jul 2023UK£72.2bUK£31.1bUK£1.1b28.2x67.9x2.3x
Thu, 08 Jun 2023UK£74.5bUK£30.9bUK£1.2b30.8x64.6x2.4x
Sat, 06 May 2023UK£73.7bUK£30.9bUK£1.1b30.9x68x2.4x
Mon, 03 Apr 2023UK£72.6bUK£30.8bUK£1.3b29.6x56.3x2.4x
Wed, 01 Mar 2023UK£97.9bUK£39.9bUK£2.7b29.5x35.9x2.5x
Fri, 27 Jan 2023UK£96.4bUK£39.7bUK£2.8b29.7x34.7x2.4x
Sun, 25 Dec 2022UK£94.2bUK£39.7bUK£2.8b28.4x34.2x2.4x
Tue, 22 Nov 2022UK£98.7bUK£39.5bUK£2.8b29.2x35.3x2.5x
Thu, 20 Oct 2022UK£92.8bUK£39.4bUK£2.7b29.1x34.1x2.4x
Sat, 17 Sep 2022UK£92.7bUK£38.9bUK£2.7b30.9x34.4x2.4x
Mon, 15 Aug 2022UK£93.6bUK£37.2bUK£2.6b32.5x36.2x2.5x
Wed, 13 Jul 2022UK£81.8bUK£35.0bUK£2.0b29.9x41.2x2.3x
Fri, 10 Jun 2022UK£76.0bUK£34.3bUK£1.8b31.1x41.4x2.2x
Sun, 08 May 2022UK£76.4bUK£34.1bUK£1.9b31.5x41x2.2x
Tue, 05 Apr 2022UK£87.6bUK£33.7bUK£1.8b31.9x48.6x2.6x
Thu, 03 Mar 2022UK£88.2bUK£32.8bUK£1.7b32.7x51.1x2.7x
Sat, 29 Jan 2022UK£90.8bUK£31.0bUK£270.1m37.1x336.4x2.9x
Mon, 27 Dec 2021UK£102.7bUK£31.0bUK£266.2m41.1x385.7x3.3x
Wed, 24 Nov 2021UK£101.8bUK£30.9bUK£207.1m43.2x491.4x3.3x
Fri, 22 Oct 2021UK£108.9bUK£30.4bUK£116.0m48.4x938.3x3.6x
Price to Earnings Ratio

938.3x


Total Market Cap: UK£108.9bTotal Earnings: UK£116.0mTotal Revenue: UK£30.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Tech Sector Price to Earnings3Y Average 105.2x202220232024
Current Industry PE
  • Investors are pessimistic on the British 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 44.1x which is lower than its 3-year average PE of 105x.
  • The 3-year average PS ratio of 2.8x is higher than the industry's current PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 112% per year over the last three years.
  • Meanwhile revenues for these companies have declined 8.8% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the U.K. Tech sector?

GB Market-0.68%
Tech-0.93%
Tech Hardware4.21%
Communications3.35%
Software0.21%
Electronic Equipment and Components-1.48%
IT-2.00%
Semiconductors-7.82%
Industry PE
  • Investors are most optimistic about the Software industry even though it's trading below its 3-year average PE ratio of 232x.
    • Analysts expect its future annual earnings growth (20.1%) to be largely in line with prior year's earnings growth.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 87% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 9.7% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SGE Sage GroupUK£10.262.4%
+UK£239.1m		0.4%PE38.3x
HLMA HalmaUK£25.230.5%
+UK£45.3m		34.0%PE35.4x
SPT Spirent CommunicationsUK£1.751.6%
+UK£15.5m		82.9%PE98.9x
SPA 1SpatialUK£0.6623.8%
+UK£14.2m		38.0%PE49.2x
FTC FiltronicUK£0.708.5%
+UK£12.0m		382.8%PE48.8x
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Latest News

SPA

UK£0.66

1Spatial

7D

23.8%

1Y

38.0%

Here's Why We Think 1Spatial (LON:SPA) Is Well Worth Watching

Oct 13
Here's Why We Think 1Spatial (LON:SPA) Is Well Worth Watching

NET

UK£0.92

Netcall

7D

7.6%

1Y

25.2%

AWE

UK£0.95

Alphawave IP Group

7D

-5.4%

1Y

-12.7%

ECK

UK£0.45

Eckoh

7D

9.8%

1Y

15.4%

WNWD

UK£1.33

Windward

7D

8.6%

1Y

82.8%

Windward Ltd.'s (LON:WNWD) Stock Retreats 25% But Revenues Haven't Escaped The Attention Of Investors

Oct 06
Windward Ltd.'s (LON:WNWD) Stock Retreats 25% But Revenues Haven't Escaped The Attention Of Investors

SGE

UK£10.26

Sage Group

7D

2.4%

1Y

0.4%

RSW

UK£35.70

Renishaw

7D

-3.1%

1Y

4.9%

SPT

UK£1.75

Spirent Communications

7D

1.6%

1Y

82.9%

KNOS

UK£8.19

Kainos Group

7D

-2.3%

1Y

-25.7%

SXS

UK£25.26

Spectris

7D

-1.6%

1Y

-20.3%

HLMA

UK£25.23

Halma

7D

0.5%

1Y

34.0%

Returns At Halma (LON:HLMA) Appear To Be Weighed Down

Oct 01
Returns At Halma (LON:HLMA) Appear To Be Weighed Down

CCC

UK£24.34

Computacenter

7D

-2.2%

1Y

-7.5%

BYIT

UK£4.93

Bytes Technology Group

7D

-2.8%

1Y

0.4%

OXIG

UK£19.60

Oxford Instruments

7D

-3.7%

1Y

2.9%

FTC

UK£0.70

Filtronic

7D

8.5%

1Y

382.8%

SCT

UK£15.34

Softcat

7D

-1.6%

1Y

7.1%

Here's Why We Think Softcat (LON:SCT) Is Well Worth Watching

Sep 06
Here's Why We Think Softcat (LON:SCT) Is Well Worth Watching