Top Group Software (TLV:TOPG) Is Posting Promising Earnings But The Good News Doesn’t Stop There
Mar 30
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- 7D-9.6%
- 3M-14.9%
- 1Y-42.7%
- YTD-13.6%
Over the last 7 days, the Software industry has dropped 9.6%, driven by a pullback from NICE of 11%. Meanwhile, Razor Labs actually outperformed within the industry, gaining 7.4% in the last week. The industry has fallen 43% in the last year. As for the next few years, earnings are expected to grow by 3.4% per annum.
Industry Valuation and Performance
Has the Israeli Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 11 Apr 2026 | ₪21.6b | ₪10.6b | ₪1.8b | 26.2x | 12.1x | 2x |
| Mon, 09 Mar 2026 | ₪26.5b | ₪10.7b | ₪1.8b | 27.5x | 14.7x | 2.5x |
| Wed, 04 Feb 2026 | ₪23.8b | ₪10.5b | ₪1.6b | 33.6x | 14.4x | 2.3x |
| Fri, 02 Jan 2026 | ₪25.5b | ₪10.8b | ₪1.7b | 31x | 14.9x | 2.4x |
| Sun, 30 Nov 2025 | ₪23.8b | ₪11.0b | ₪1.8b | 26.8x | 13.6x | 2.2x |
| Tue, 28 Oct 2025 | ₪30.1b | ₪10.8b | ₪1.7b | 19.3x | 17.9x | 2.8x |
| Thu, 25 Sep 2025 | ₪33.3b | ₪10.9b | ₪1.7b | 17.4x | 19.4x | 3.1x |
| Sat, 23 Aug 2025 | ₪30.9b | ₪11.0b | ₪1.7b | 16.8x | 17.8x | 2.8x |
| Mon, 21 Jul 2025 | ₪34.5b | ₪10.7b | ₪1.5b | 20.1x | 23x | 3.2x |
| Wed, 18 Jun 2025 | ₪39.2b | ₪11.1b | ₪1.6b | 20.5x | 25.1x | 3.5x |
| Fri, 16 May 2025 | ₪36.7b | ₪11.2b | ₪1.6b | 20.1x | 23.1x | 3.3x |
| Sun, 13 Apr 2025 | ₪37.9b | ₪11.5b | ₪1.6b | 20x | 24.3x | 3.3x |
| Tue, 11 Mar 2025 | ₪36.0b | ₪11.3b | ₪1.5b | 14.4x | 23.4x | 3.2x |
| Thu, 06 Feb 2025 | ₪39.5b | ₪10.7b | ₪1.4b | 13.2x | 27.4x | 3.7x |
| Sat, 04 Jan 2025 | ₪41.4b | ₪10.9b | ₪1.5b | 14x | 27.9x | 3.8x |
| Mon, 02 Dec 2024 | ₪43.7b | ₪10.9b | ₪1.5b | 13.6x | 29.6x | 4x |
| Wed, 30 Oct 2024 | ₪44.6b | ₪11.0b | ₪1.4b | 17.6x | 32.6x | 4.1x |
| Fri, 27 Sep 2024 | ₪41.6b | ₪10.9b | ₪1.4b | 15.7x | 30.6x | 3.8x |
| Sun, 25 Aug 2024 | ₪44.1b | ₪11.1b | ₪1.3b | 15.5x | 33.6x | 4x |
| Tue, 23 Jul 2024 | ₪43.8b | ₪10.7b | ₪1.2b | 11.7x | 37.1x | 4.1x |
| Thu, 20 Jun 2024 | ₪42.1b | ₪10.9b | ₪1.2b | 12x | 34.8x | 3.9x |
| Sat, 18 May 2024 | ₪49.6b | ₪10.8b | ₪1.2b | 13.5x | 42x | 4.6x |
| Mon, 15 Apr 2024 | ₪58.1b | ₪10.6b | ₪1.1b | 13.7x | 53.6x | 5.5x |
| Wed, 13 Mar 2024 | ₪58.7b | ₪10.5b | ₪935.1m | 12.5x | 62.7x | 5.6x |
| Fri, 09 Feb 2024 | ₪53.4b | ₪10.4b | ₪903.4m | 12.6x | 59.1x | 5.1x |
| Sun, 07 Jan 2024 | ₪46.8b | ₪10.3b | ₪901.3m | 12.2x | 51.9x | 4.5x |
| Tue, 05 Dec 2023 | ₪46.3b | ₪10.4b | ₪910.7m | 12.3x | 50.8x | 4.4x |
| Thu, 02 Nov 2023 | ₪40.0b | ₪10.9b | ₪874.4m | 11.2x | 45.8x | 3.7x |
| Sat, 30 Sep 2023 | ₪42.5b | ₪10.5b | ₪827.0m | 12x | 51.3x | 4.1x |
| Mon, 28 Aug 2023 | ₪48.8b | ₪10.4b | ₪774.7m | 12.6x | 63x | 4.7x |
| Wed, 26 Jul 2023 | ₪51.6b | ₪10.1b | ₪581.1m | 13.8x | 88.9x | 5.1x |
| Fri, 23 Jun 2023 | ₪49.6b | ₪9.8b | ₪552.7m | 30.9x | 89.8x | 5x |
| Sun, 21 May 2023 | ₪45.5b | ₪9.9b | ₪542.0m | 28.8x | 84x | 4.6x |
| Tue, 18 Apr 2023 | ₪57.7b | ₪11.9b | ₪639.3m | 20.1x | 90.2x | 4.8x |
Price to Earnings Ratio
90.2x
Current Industry PE
- Investors are pessimistic on the Israeli Software 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 12.1x which is lower than its 3-year average PE of 39.8x.
- The 3-year average PS ratio of 3.9x is higher than the industry's current PS ratio of 2.0x.
Past Earnings Growth
- The earnings for companies in the Software industry have grown 41% per year over the last three years.
- Meanwhile revenues for these companies have declined 3.8% 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 Israeli Tech industry?
| IL Market | 5.28% | |
| Tech | -2.31% | |
| Software | -9.61% | |
| Systems Software | -1.18% | |
| Application Software | -9.72% | |
Industry PE
- Investors are most optimistic about the Application Software industry even though it's trading below its 3-year average PE ratio of 36.9x.
- Analysts are expecting annual earnings growth of 3.0%, which is higher than its past year's earnings growth of 1.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 66% over the next 5 years.
- This is better than its past earnings decline of 53% per year.
- In contrast, the Application Software industry is expected to see its earnings grow by 3.0% 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 | |
|---|---|---|---|---|---|
| RZR Razor Labs | ₪7.35 | 7.4% +₪19.9m | 46.9% | PS8.4x | |
| PRPD Propdo | ₪24.66 | 7.3% +₪12.0m | 26.5% | PS8.6x | |
| ABRA Abra Information Technologies | ₪3.75 | 2.6% +₪11.2m | 26.8% | PE32.4x | |
| TECT Tectona | ₪2.02 | 8.5% +₪5.3m | -20.5% | PS9.2x | |
| AILN Axilion Smart Mobility | ₪0.43 | 15.1% +₪3.2m | 48.6% | PS13.5x |