Hong Kong (HSI) Software Industry Analysis
UpdatedJun 25, 2024
DataAggregated Company Financials
Companies37
- 7D-0.4%
- 3M5.0%
- 1Y-36.1%
- YTD-11.4%
Over the last 7 days, the Software industry has remained flat, although notably Kingdee International Software Group declined by 5.0%. Unfortunately though, the industry is down 36% over the past 12 months. Looking forward, earnings are forecast to grow by 57% 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, 25 Jun 2024 | HK$145.4b | HK$58.5b | -HK$16,286,400,494.76 | 13.5x | -8.9x | 2.5x |
| Thu, 23 May 2024 | HK$155.6b | HK$58.1b | -HK$15,451,580,993.98 | 14.3x | -10.1x | 2.7x |
| Sat, 20 Apr 2024 | HK$111.3b | HK$58.5b | -HK$15,526,108,518.63 | 13.5x | -7.2x | 1.9x |
| Mon, 18 Mar 2024 | HK$113.0b | HK$54.8b | -HK$15,408,848,090.06 | 11.1x | -7.3x | 2.1x |
| Wed, 14 Feb 2024 | HK$98.3b | HK$55.3b | -HK$15,639,717,835.64 | 9.9x | -6.3x | 1.8x |
| Fri, 12 Jan 2024 | HK$148.7b | HK$63.9b | -HK$15,217,394,932.00 | 11.2x | -9.8x | 2.3x |
| Sun, 10 Dec 2023 | HK$150.2b | HK$63.2b | -HK$15,289,541,969.00 | 12.9x | -9.8x | 2.4x |
| Tue, 07 Nov 2023 | HK$152.7b | HK$61.8b | -HK$9,221,360,084.00 | 11.7x | -16.6x | 2.5x |
| Thu, 05 Oct 2023 | HK$135.0b | HK$53.3b | -HK$9,664,308,513.00 | 12x | -14x | 2.5x |
| Sat, 02 Sep 2023 | HK$158.7b | HK$53.7b | -HK$9,749,545,803.00 | 15x | -16.3x | 3x |
| Mon, 31 Jul 2023 | HK$176.4b | HK$50.6b | -HK$10,711,489,482.00 | 20.5x | -16.5x | 3.5x |
| Wed, 28 Jun 2023 | HK$175.8b | HK$50.4b | -HK$10,652,446,910.00 | 17.3x | -16.5x | 3.5x |
| Fri, 26 May 2023 | HK$181.2b | HK$51.4b | -HK$10,921,208,945.00 | 14.9x | -16.6x | 3.5x |
| Sun, 23 Apr 2023 | HK$200.7b | HK$52.6b | -HK$11,671,879,469.00 | 16.4x | -17.2x | 3.8x |
| Tue, 21 Mar 2023 | HK$218.5b | HK$51.0b | -HK$25,926,716,015.00 | 13.8x | -8.4x | 4.3x |
| Thu, 16 Feb 2023 | HK$239.9b | HK$50.4b | -HK$26,495,039,575.00 | 17.2x | -9.1x | 4.8x |
| Sat, 14 Jan 2023 | HK$237.9b | HK$51.0b | -HK$26,825,923,012.00 | 17.2x | -8.9x | 4.7x |
| Mon, 12 Dec 2022 | HK$228.3b | HK$49.5b | -HK$25,807,208,674.00 | 13x | -8.8x | 4.6x |
| Wed, 09 Nov 2022 | HK$186.2b | HK$48.5b | -HK$25,537,403,743.00 | 18.1x | -7.3x | 3.8x |
| Fri, 07 Oct 2022 | HK$161.9b | HK$48.9b | -HK$25,784,882,444.00 | 18.1x | -6.3x | 3.3x |
| Sun, 04 Sep 2022 | HK$207.2b | HK$49.8b | -HK$26,566,478,461.00 | 23x | -7.8x | 4.2x |
| Tue, 02 Aug 2022 | HK$223.4b | HK$48.5b | -HK$42,153,002,134.00 | 12.4x | -5.3x | 4.6x |
| Thu, 30 Jun 2022 | HK$368.7b | HK$42.0b | -HK$40,904,513,933.00 | 11.1x | -9x | 8.8x |
| Sat, 28 May 2022 | HK$298.2b | HK$41.9b | -HK$40,695,614,910.00 | 13.4x | -7.3x | 7.1x |
| Mon, 25 Apr 2022 | HK$301.8b | HK$43.1b | -HK$41,628,734,859.00 | 16.8x | -7.2x | 7x |
| Wed, 23 Mar 2022 | HK$151.6b | HK$35.4b | -HK$19,126,245,839.00 | 13.2x | -7.9x | 4.3x |
| Fri, 18 Feb 2022 | HK$197.0b | HK$34.1b | -HK$19,204,530,306.00 | 14.6x | -10.3x | 5.8x |
| Sun, 16 Jan 2022 | HK$194.3b | HK$33.0b | -HK$18,430,832,771.00 | 13.6x | -10.5x | 5.9x |
| Tue, 14 Dec 2021 | HK$211.4b | HK$33.0b | -HK$18,415,577,340.00 | 13.2x | -11.5x | 6.4x |
| Thu, 11 Nov 2021 | HK$237.7b | HK$32.8b | -HK$18,389,526,150.00 | 14.4x | -12.9x | 7.2x |
| Sat, 09 Oct 2021 | HK$253.2b | HK$32.7b | -HK$18,099,676,196.00 | 15.1x | -14x | 7.7x |
| Mon, 06 Sep 2021 | HK$319.6b | HK$39.8b | -HK$16,762,536,486.73 | 14.8x | -19.1x | 8x |
| Wed, 04 Aug 2021 | HK$319.5b | HK$39.9b | -HK$16,758,870,486.73 | 14x | -19.1x | 8x |
Price to Earnings Ratio
-22.9x
Current Industry PE
- Investors are pessimistic on the Hong Kong Software industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 4.6x is higher than the industry's current PS ratio of 2.5x.
Past Earnings Growth
- Losses for companies in the Software industry have mostly stayed the same over the last three years.
- Meanwhile revenues for these companies have grown 14% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, losses haven't seen much improvement.
Industry Trends
Which industries have driven the changes within the Hong Kong Tech industry?
| HK Market | 0.97% | |
| Tech | 0.10% | |
| Software | -0.37% | |
| Systems Software | 4.04% | |
| Application Software | -0.64% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 72% over the next 5 years.
- This is better than its past earnings growth rate of 57% per year.
- In contrast, the Application Software industry is expected to see its earnings grow by 56% 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 | |
|---|---|---|---|---|---|
| 20 SenseTime Group | HK$1.37 | 2.2% +HK$1.0b | -35.7% | PS12.5x | |
| 9911 Newborn Town | HK$4.42 | 5.5% +HK$268.4m | 206.9% | PE9.4x | |
| 1808 Enterprise Development Holdings | HK$4.88 | 20.5% +HK$203.3m | 253.6% | PE200.3x | |
| 9669 Beisen Holding | HK$5.03 | 5.2% +HK$179.5m | -42.8% | PS4.2x | |
| 9959 Linklogis | HK$2.10 | 5.0% +HK$168.5m | -25.3% | PS4.6x |