Optimistic Investors Push Glassbox Ltd (TLV:GLBX) Shares Up 25% But Growth Is Lacking
Dec 04
Israeli (TA) Application Software Industry Analysis
UpdatedDec 04, 2023
DataAggregated Company Financials
Companies19
- 7D-1.4%
- 3M-4.4%
- 1Y3.8%
- YTD4.8%
The Application Software is pretty flat in the last 7 days, but Glassbox has stood out, gaining 13%. As for the the longer term, the industry is up 4.3% over the past 12 months. Earnings are forecast to grow by 15% annually.
Industry Valuation and Performance
Has the Israeli Application Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 05 Dec 2023 | ₪46.3b | ₪10.2b | ₪990.0m | 15.8x | 46.8x | 4.5x |
| Thu, 02 Nov 2023 | ₪39.8b | ₪10.7b | ₪967.7m | 13.5x | 41.1x | 3.7x |
| Sat, 30 Sep 2023 | ₪42.2b | ₪10.3b | ₪915.3m | 14.5x | 46.1x | 4.1x |
| Mon, 28 Aug 2023 | ₪48.6b | ₪10.2b | ₪868.6m | 24.4x | 56x | 4.8x |
| Wed, 26 Jul 2023 | ₪51.4b | ₪9.9b | ₪656.0m | 27.8x | 78.4x | 5.2x |
| Fri, 23 Jun 2023 | ₪49.4b | ₪9.7b | ₪625.6m | 46.4x | 79x | 5.1x |
| Sun, 21 May 2023 | ₪45.4b | ₪9.7b | ₪631.0m | 42.5x | 71.9x | 4.7x |
| Tue, 18 Apr 2023 | ₪57.5b | ₪11.7b | ₪728.4m | 37.1x | 78.9x | 4.9x |
| Thu, 16 Mar 2023 | ₪52.1b | ₪11.2b | ₪703.0m | 19.8x | 74.1x | 4.6x |
| Sat, 11 Feb 2023 | ₪55.3b | ₪10.8b | ₪614.6m | 22.2x | 90x | 5.1x |
| Mon, 09 Jan 2023 | ₪47.3b | ₪10.8b | ₪607.7m | 22.6x | 77.9x | 4.4x |
| Wed, 07 Dec 2022 | ₪46.9b | ₪10.4b | ₪589.5m | 22.3x | 79.6x | 4.5x |
| Fri, 04 Nov 2022 | ₪46.9b | ₪10.4b | ₪531.8m | 25.4x | 88.1x | 4.5x |
| Sun, 02 Oct 2022 | ₪49.4b | ₪10.5b | ₪534.9m | 26.6x | 92.3x | 4.7x |
| Tue, 30 Aug 2022 | ₪51.9b | ₪9.6b | ₪452.4m | 29.3x | 114.7x | 5.4x |
| Thu, 28 Jul 2022 | ₪50.2b | ₪9.6b | ₪386.4m | 28.1x | 129.9x | 5.2x |
| Sat, 25 Jun 2022 | ₪50.3b | ₪9.6b | ₪384.2m | 26x | 130.9x | 5.2x |
| Mon, 23 May 2022 | ₪47.4b | ₪9.3b | ₪395.5m | 26.9x | 120x | 5.1x |
| Wed, 20 Apr 2022 | ₪50.3b | ₪8.8b | ₪366.3m | 28.4x | 137.3x | 5.7x |
| Fri, 18 Mar 2022 | ₪49.8b | ₪8.7b | ₪426.5m | 42.5x | 116.7x | 5.7x |
| Sun, 13 Feb 2022 | ₪62.5b | ₪8.3b | ₪428.5m | 42.4x | 145.9x | 7.5x |
| Tue, 11 Jan 2022 | ₪61.6b | ₪8.2b | ₪418.5m | 41.8x | 147.1x | 7.5x |
| Thu, 09 Dec 2021 | ₪66.8b | ₪8.1b | ₪414.8m | 40.5x | 160.9x | 8.2x |
| Sat, 06 Nov 2021 | ₪64.5b | ₪7.6b | ₪464.2m | 39.3x | 138.9x | 8.5x |
| Mon, 04 Oct 2021 | ₪63.6b | ₪7.8b | ₪476.3m | 35.6x | 133.6x | 8.2x |
| Wed, 01 Sep 2021 | ₪66.7b | ₪7.9b | ₪576.7m | 36.7x | 115.6x | 8.5x |
| Thu, 08 Jul 2021 | ₪57.6b | ₪7.9b | ₪565.5m | 34.6x | 101.9x | 7.3x |
| Wed, 31 Mar 2021 | ₪51.7b | ₪7.8b | ₪671.5m | 21.7x | 77x | 6.7x |
| Sat, 02 Jan 2021 | ₪60.6b | ₪7.2b | ₪702.9m | 26.3x | 86.2x | 8.4x |
Price to Earnings Ratio
86.2x
Current Industry PE
- Investors are pessimistic on the Israeli Application 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 47.2x which is lower than its 3-year average PE of 98.0x.
- The 3-year average PS ratio of 6.0x is higher than the industry's current PS ratio of 4.6x.
Past Earnings Growth
- The earnings for companies in the Application Software industry have grown 7.8% per year over the last three years.
- Revenues for these companies have grown 10% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Israeli Application Software compare with similar industries?
| IL Market | -0.67% | |
| Tech | -1.26% | |
| Software | -1.36% | |
| Application Software | -1.39% | |
| Systems Software | 3.12% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| GLBX Glassbox | ₪23.82 | 11.2% +₪28.3m | -9.5% | PS1.6x | |
| UWAY UserWay | ₪69.81 | 6.5% +₪15.5m | 227.1% | PS6.3x | |
| PRPD Propdo | ₪27.16 | 7.3% +₪7.8m | 21.4% | PS46.3x | |
| IDMO Idomoo | ₪5.13 | 15.1% +₪7.7m | 66.8% | PS1x | |
| TOPS Top Ramdor Systems & Computers (1990) | ₪8.33 | 4.1% +₪7.0m | -28.4% | PE15.8x |
