Solid Earnings Reflect NICE's (TLV:NICE) Strength As A Business
Aug 23
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Israeli (TA) Software Industry Analysis
UpdatedOct 16, 2024
DataAggregated Company Financials
Companies21
- 7D1.8%
- 3M-2.8%
- 1Y-0.04%
- YTD-9.6%
Over the last 7 days, the Software industry has dropped 1.4%, driven by a pullback from NICE of 1.2%. Meanwhile, Glassbox actually outperformed within the industry, gaining 27% in the last week. This takes the industry's 12 month performance to a gain of 4.9%. Earnings are forecast to grow by 15% annually.
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 |
|---|---|---|---|---|---|---|
| Wed, 16 Oct 2024 | ₪42.9b | ₪11.1b | ₪1.4b | 16.6x | 31x | 3.9x |
| Fri, 13 Sep 2024 | ₪40.5b | ₪11.2b | ₪1.4b | 15.2x | 29.9x | 3.6x |
| Sun, 11 Aug 2024 | ₪42.7b | ₪10.9b | ₪1.2b | 15.8x | 35.4x | 3.9x |
| Tue, 09 Jul 2024 | ₪43.0b | ₪10.8b | ₪1.2b | 11x | 35.9x | 4x |
| Thu, 06 Jun 2024 | ₪41.5b | ₪10.9b | ₪1.2b | 12.2x | 34.8x | 3.8x |
| Sat, 04 May 2024 | ₪54.5b | ₪10.5b | ₪1.1b | 14.1x | 51x | 5.2x |
| Mon, 01 Apr 2024 | ₪62.5b | ₪10.6b | ₪1.0b | 14x | 61x | 5.9x |
| Wed, 28 Feb 2024 | ₪57.3b | ₪10.4b | ₪925.9m | 13x | 61.9x | 5.5x |
| Fri, 26 Jan 2024 | ₪53.6b | ₪10.4b | ₪908.1m | 13.3x | 59.1x | 5.2x |
| Sun, 24 Dec 2023 | ₪47.7b | ₪10.2b | ₪879.6m | 11.9x | 54.2x | 4.7x |
| Tue, 21 Nov 2023 | ₪47.4b | ₪10.4b | ₪907.6m | 10.8x | 52.2x | 4.5x |
| Thu, 19 Oct 2023 | ₪43.4b | ₪11.0b | ₪878.5m | 11.8x | 49.4x | 4x |
| Sat, 16 Sep 2023 | ₪43.4b | ₪10.5b | ₪810.8m | 11.5x | 53.5x | 4.1x |
| Mon, 14 Aug 2023 | ₪52.8b | ₪10.1b | ₪615.8m | 13.4x | 85.8x | 5.2x |
| Wed, 12 Jul 2023 | ₪48.7b | ₪10.0b | ₪562.6m | 29.1x | 86.6x | 4.9x |
| Fri, 09 Jun 2023 | ₪51.8b | ₪9.9b | ₪542.5m | 30.6x | 95.4x | 5.2x |
| Sun, 07 May 2023 | ₪46.4b | ₪9.7b | ₪464.4m | 29.8x | 99.9x | 4.8x |
| Tue, 04 Apr 2023 | ₪56.8b | ₪11.5b | ₪696.2m | 36.9x | 81.6x | 5x |
| Thu, 02 Mar 2023 | ₪53.2b | ₪11.4b | ₪694.9m | 18.8x | 76.6x | 4.7x |
| Sat, 28 Jan 2023 | ₪51.8b | ₪10.8b | ₪595.3m | 21x | 87x | 4.8x |
| Mon, 26 Dec 2022 | ₪48.1b | ₪11.0b | ₪604.9m | 19.8x | 79.6x | 4.4x |
| Wed, 23 Nov 2022 | ₪48.2b | ₪10.7b | ₪592.9m | 21.4x | 81.3x | 4.5x |
| Fri, 21 Oct 2022 | ₪49.9b | ₪10.6b | ₪532.1m | 23.2x | 93.7x | 4.7x |
| Sun, 18 Sep 2022 | ₪51.4b | ₪10.4b | ₪559.5m | 24.9x | 91.9x | 4.9x |
| Tue, 16 Aug 2022 | ₪55.4b | ₪9.5b | ₪371.9m | 26x | 149.1x | 5.9x |
| Thu, 14 Jul 2022 | ₪49.8b | ₪9.8b | ₪381.8m | 24.1x | 130.4x | 5.1x |
| Sat, 11 Jun 2022 | ₪51.0b | ₪9.6b | ₪370.5m | 23.2x | 137.8x | 5.3x |
| Mon, 09 May 2022 | ₪49.1b | ₪9.3b | ₪384.6m | 25.4x | 127.7x | 5.3x |
| Wed, 06 Apr 2022 | ₪54.1b | ₪8.9b | ₪410.9m | 28.8x | 131.8x | 6.1x |
| Fri, 04 Mar 2022 | ₪54.4b | ₪8.8b | ₪424.1m | 30.7x | 128.3x | 6.2x |
| Sun, 30 Jan 2022 | ₪57.5b | ₪8.5b | ₪424.5m | 31.8x | 135.4x | 6.8x |
| Tue, 28 Dec 2021 | ₪69.7b | ₪8.3b | ₪417.1m | 32.3x | 167x | 8.4x |
| Thu, 25 Nov 2021 | ₪63.7b | ₪8.3b | ₪440.2m | 29.9x | 144.8x | 7.7x |
| Sat, 23 Oct 2021 | ₪64.2b | ₪7.9b | ₪471.6m | 28.7x | 136.1x | 8.1x |
Price to Earnings Ratio
136.1x
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 29.9x which is lower than its 3-year average PE of 87.0x.
- The 3-year average PS ratio of 5.2x is higher than the industry's current PS ratio of 3.7x.
Past Earnings Growth
- The earnings for companies in the Software industry have grown 43% per year over the last three years.
- Revenues for these companies have grown 12% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Israeli Tech industry?
| IL Market | 1.45% | |
| Tech | 2.14% | |
| Software | 1.80% | |
| Systems Software | 19.75% | |
| Application Software | 1.62% | |
Industry PE
- Investors are most optimistic about the Application Software industry even though it's trading below its 3-year average PE ratio of 83.4x.
- Analysts expect its future annual earnings growth (14.9%) to be largely in line with prior year's earnings growth.
Forecasted Growth
- Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 66% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Application Software industry is expected to see its earnings grow by 15% 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 | |
|---|---|---|---|---|---|
| NICE NICE | ₪650.60 | 1.7% +₪666.4m | -1.7% | PE27.5x | |
| ALAR Alarum Technologies | ₪4.81 | 35.0% +₪85.8m | 213.6% | PE22.7x | |
| ABRA Abra Information Technologies | ₪2.87 | 2.9% +₪8.4m | 15.0% | PE18.2x | |
| TECT Tectona | ₪3.89 | 9.7% +₪6.5m | 135.0% | PE19x | |
| TOPS Top Ramdor Systems & Computers (1990) | ₪8.75 | 2.7% +₪4.8m | 5.0% | PE15x |