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Israeli (TA) IT Industry Analysis

UpdatedJul 13, 2024
DataAggregated Company Financials
Companies8
  • 7D2.1%
  • 3M-6.4%
  • 1Y-12.5%
  • YTD-9.4%

Over the last 7 days, the IT industry has risen 2.1%, driven by gains from Formula Systems (1985) of 3.7%. In the past year, the industry is down 13%.

Industry Valuation and Performance

Has the Israeli IT Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 13 Jul 2024₪15.7b₪30.6b₪675.0m18.9x23.3x0.5x
Mon, 10 Jun 2024₪14.6b₪30.5b₪644.8m18.3x22.7x0.5x
Wed, 08 May 2024₪16.6b₪29.7b₪628.7m20.6x26.4x0.6x
Fri, 05 Apr 2024₪17.1b₪29.9b₪632.7m18.7x26.9x0.6x
Sun, 03 Mar 2024₪15.5b₪29.3b₪1.1b19.2x14.7x0.5x
Tue, 30 Jan 2024₪14.8b₪26.4b₪666.6m18.6x22.2x0.6x
Thu, 28 Dec 2023₪14.4b₪26.3b₪664.1m16.1x21.7x0.5x
Sat, 25 Nov 2023₪14.3b₪26.5b₪673.6m14.8x21.2x0.5x
Mon, 23 Oct 2023₪13.9b₪26.9b₪698.3m13.4x19.9x0.5x
Wed, 20 Sep 2023₪15.7b₪26.3b₪682.5m17x23x0.6x
Fri, 18 Aug 2023₪15.9b₪25.9b₪742.9m17x21.4x0.6x
Sun, 16 Jul 2023₪15.8b₪25.2b₪846.7m14.2x18.7x0.6x
Tue, 13 Jun 2023₪15.8b₪25.2b₪846.2m13.8x18.6x0.6x
Thu, 11 May 2023₪14.8b₪24.7b₪831.1m13.4x17.7x0.6x
Sat, 08 Apr 2023₪13.5b₪24.7b₪829.0m11.9x16.3x0.5x
Mon, 06 Mar 2023₪14.9b₪25.3b₪893.0m13.4x16.7x0.6x
Wed, 01 Feb 2023₪16.2b₪24.7b₪875.0m14.8x18.6x0.7x
Fri, 30 Dec 2022₪16.7b₪24.8b₪878.0m14.6x19x0.7x
Sun, 27 Nov 2022₪17.2b₪24.3b₪871.7m18.3x19.7x0.7x
Tue, 25 Oct 2022₪17.5b₪23.9b₪839.7m18x20.9x0.7x
Thu, 22 Sep 2022₪18.7b₪23.5b₪893.3m18.2x21x0.8x
Sat, 20 Aug 2022₪19.7b₪22.6b₪925.7m19.9x21.3x0.9x
Mon, 18 Jul 2022₪19.2b₪22.9b₪745.7m24.6x25.7x0.8x
Wed, 15 Jun 2022₪16.7b₪22.6b₪759.1m19.1x22x0.7x
Fri, 13 May 2022₪17.8b₪22.0b₪731.8m24.8x24.3x0.8x
Sun, 10 Apr 2022₪19.9b₪21.5b₪720.4m26.7x27.6x0.9x
Tue, 08 Mar 2022₪19.8b₪21.0b₪695.0m27.5x28.4x0.9x
Thu, 03 Feb 2022₪21.5b₪20.6b₪684.0m29.1x31.5x1x
Sat, 01 Jan 2022₪22.6b₪20.5b₪680.7m31.3x33.2x1.1x
Mon, 29 Nov 2021₪20.8b₪20.5b₪678.6m29.1x30.7x1x
Wed, 27 Oct 2021₪20.3b₪20.0b₪679.6m28.2x29.8x1x
Fri, 24 Sep 2021₪19.8b₪20.0b₪679.7m26.4x29.1x1x
Sun, 22 Aug 2021₪18.4b₪20.1b₪692.6m27.2x26.6x0.9x
Price to Earnings Ratio

27.2x


Total Market Cap: ₪18.9bTotal Earnings: ₪692.6mTotal Revenue: ₪20.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Israeli IT Industry Price to Earnings3Y Average 23x202220232024
Current Industry PE
  • Investors are relatively neutral on the Israeli IT industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 23.0x.
  • The industry is trading close to its 3-year average PS ratio of 0.73x.
Past Earnings Growth
  • The earnings for companies in the IT industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 15% 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, profits have held steady.

Industry Trends

Which industries have driven the changes within the Israeli Tech industry?

IL Market4.51%
Tech-0.36%
IT2.12%
IT Consulting2.12%
Internet Services and Infrastructure0%
Data Processing Services0%
Industry PE
  • Investors are most optimistic about the IT Consulting industry, which is trading close to its 3-year average PE ratio of 23.1x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the IT Consulting industry, which is trading close to its 3-year average of 23.1x.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
FORTY Formula Systems (1985)₪286.503.7%
+₪156.4m
8.7%PE18.9x
MTRX Matrix IT₪72.562.1%
+₪92.7m
-3.3%PE19.6x
MLTM Malam - Team₪58.773.5%
+₪43.6m
-6.5%PE19.7x
CMDR Computer Direct Group₪266.602.9%
+₪26.1m
-6.0%PE12.6x
ARAD Arad Investment & Industrial Development₪85.564.2%
+₪22.1m
-80.2%PS0.2x
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Latest News

MTRX

₪72.56

Matrix IT

7D

2.1%

1Y

-3.3%

CMDR

₪266.60

Computer Direct Group

7D

2.9%

1Y

-6.0%

EMCO

₪9.60

E & M Computing

7D

0.7%

1Y

1.4%

MLTM

₪58.77

Malam - Team

7D

3.5%

1Y

-6.5%

FORTY

₪286.50

Formula Systems (1985)

7D

3.7%

1Y

8.7%