Is It Time To Consider Buying Inspur Digital Enterprise Technology Limited (HKG:596)?
May 19
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Hong Kong (HSI) Software Industry Analysis
UpdatedMay 20, 2025
DataAggregated Company Financials
Companies40
- 7D-1.5%
- 3M-13.7%
- 1Y3.7%
- YTD23.6%
Over the last 7 days, the Software industry has dropped 1.5%, driven by SenseTime Group declining 8.3%. In the past year, the industry has gained 3.7%. Looking forward, earnings are forecast to grow by 38% annually.
Industry Valuation and Performance
Has the Hong Kong Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 20 May 2025 | HK$308.7b | HK$62.5b | -HK$10,596,207,970.52 | 26.8x | -29.1x | 4.9x |
| Thu, 17 Apr 2025 | HK$263.5b | HK$61.4b | -HK$10,375,671,805.12 | 26.9x | -25.4x | 4.3x |
| Sat, 15 Mar 2025 | HK$246.7b | HK$58.2b | -HK$11,621,126,546.43 | 25.5x | -21.2x | 4.2x |
| Mon, 10 Feb 2025 | HK$235.2b | HK$59.0b | -HK$11,886,981,185.59 | 26.2x | -19.8x | 4x |
| Wed, 08 Jan 2025 | HK$201.1b | HK$58.4b | -HK$11,867,005,261.23 | 19.5x | -16.9x | 3.4x |
| Fri, 06 Dec 2024 | HK$212.2b | HK$63.4b | -HK$11,385,272,509.45 | 18.6x | -18.6x | 3.3x |
| Sun, 03 Nov 2024 | HK$193.8b | HK$64.2b | -HK$14,746,355,004.03 | 16.8x | -13.1x | 3x |
| Tue, 01 Oct 2024 | HK$185.4b | HK$63.5b | -HK$14,553,529,740.36 | 18.8x | -12.7x | 2.9x |
| Thu, 29 Aug 2024 | HK$142.0b | HK$60.9b | -HK$14,422,479,324.65 | 9.5x | -9.8x | 2.3x |
| Sat, 27 Jul 2024 | HK$123.5b | HK$58.5b | -HK$13,815,991,941.91 | 13x | -8.9x | 2.1x |
| Mon, 24 Jun 2024 | HK$145.5b | HK$58.5b | -HK$16,276,391,774.89 | 13.9x | -8.9x | 2.5x |
| Wed, 22 May 2024 | HK$155.5b | HK$58.3b | -HK$15,474,335,763.62 | 14.2x | -10x | 2.7x |
| Fri, 19 Apr 2024 | HK$111.3b | HK$58.5b | -HK$15,526,108,518.63 | 13.5x | -7.2x | 1.9x |
| Sun, 17 Mar 2024 | HK$113.0b | HK$54.8b | -HK$15,408,848,090.06 | 11.1x | -7.3x | 2.1x |
| Tue, 13 Feb 2024 | HK$98.3b | HK$55.3b | -HK$15,639,752,759.80 | 9.9x | -6.3x | 1.8x |
| Thu, 11 Jan 2024 | HK$146.9b | HK$63.9b | -HK$15,201,581,975.00 | 11.2x | -9.7x | 2.3x |
| Sat, 09 Dec 2023 | HK$150.2b | HK$63.2b | -HK$15,304,914,553.00 | 12.9x | -9.8x | 2.4x |
| Mon, 06 Nov 2023 | HK$142.0b | HK$61.5b | -HK$9,175,137,846.00 | 11.9x | -15.5x | 2.3x |
| Wed, 04 Oct 2023 | HK$135.0b | HK$53.3b | -HK$9,667,975,010.00 | 11.5x | -14x | 2.5x |
| Fri, 01 Sep 2023 | HK$158.7b | HK$51.0b | -HK$9,798,337,159.00 | 15.1x | -16.2x | 3.1x |
| Sun, 30 Jul 2023 | HK$176.4b | HK$50.6b | -HK$10,711,489,482.00 | 20.5x | -16.5x | 3.5x |
| Tue, 27 Jun 2023 | HK$174.9b | HK$50.3b | -HK$10,631,462,710.00 | 17.3x | -16.5x | 3.5x |
| Thu, 25 May 2023 | HK$181.2b | HK$51.4b | -HK$10,921,208,945.00 | 14.9x | -16.6x | 3.5x |
| Sat, 22 Apr 2023 | HK$200.7b | HK$52.7b | -HK$11,679,693,208.00 | 16.4x | -17.2x | 3.8x |
| Mon, 20 Mar 2023 | HK$234.5b | HK$51.0b | -HK$25,931,209,688.00 | 14.3x | -9x | 4.6x |
| Wed, 15 Feb 2023 | HK$241.5b | HK$50.6b | -HK$26,588,410,070.00 | 16.9x | -9.1x | 4.8x |
| Fri, 13 Jan 2023 | HK$232.0b | HK$50.8b | -HK$26,706,126,608.00 | 17.6x | -8.7x | 4.6x |
| Sun, 11 Dec 2022 | HK$228.3b | HK$49.5b | -HK$25,807,208,674.00 | 13x | -8.8x | 4.6x |
| Tue, 08 Nov 2022 | HK$186.2b | HK$48.5b | -HK$25,537,403,743.00 | 18.1x | -7.3x | 3.8x |
| Thu, 06 Oct 2022 | HK$164.7b | HK$48.9b | -HK$25,780,269,554.00 | 13.2x | -6.4x | 3.4x |
| Sat, 03 Sep 2022 | HK$207.1b | HK$49.7b | -HK$26,535,068,818.00 | 23x | -7.8x | 4.2x |
| Mon, 01 Aug 2022 | HK$228.0b | HK$48.5b | -HK$42,153,002,134.00 | 13.1x | -5.4x | 4.7x |
| Wed, 29 Jun 2022 | HK$384.1b | HK$42.1b | -HK$40,988,104,776.00 | 11x | -9.4x | 9.1x |
| Fri, 27 May 2022 | HK$297.0b | HK$42.2b | -HK$41,216,268,826.00 | 12.9x | -7.2x | 7x |
Price to Earnings Ratio
-7.2x
Current Industry PE
- Investors are optimistic on the Hong Kong Software industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 3.5x is lower than the industry's current PS ratio of 4.9x.
Past Earnings Growth
- The earnings for companies in the Software industry have improved over the last three years.
- Revenues for these companies have grown 14% per year.
- This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.
Industry Trends
Which industries have driven the changes within the Hong Kong Tech industry?
| HK Market | 0.67% | |
| Tech | -0.77% | |
| Software | -1.49% | |
| Application Software | -1.36% | |
| Systems Software | -6.94% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 105% over the next 5 years.
- However this is lower than its past earnings growth rate of 608% per year.
- In contrast, the Application Software industry is expected to see its earnings grow by 37% 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 | |
|---|---|---|---|---|---|
| 9660 Horizon Robotics | HK$7.57 | 7.4% +HK$6.9b | n/a | PE39.3x | |
| 6682 Beijing Fourth Paradigm Technology | HK$44.60 | 14.7% +HK$2.8b | -13.4% | PS3.9x | |
| 3738 Vobile Group | HK$3.85 | 14.2% +HK$1.1b | 165.5% | PE61.6x | |
| 596 Inspur Digital Enterprise Technology | HK$8.16 | 5.4% +HK$479.6m | 95.2% | PE22.4x | |
| 2556 Marketingforce Management | HK$42.50 | 3.7% +HK$384.4m | -28.7% | PS6.4x |
