We Think Propdo (TLV:PRPD) Needs To Drive Business Growth Carefully
Jul 29
Israeli (TA) Software Industry Analysis
UpdatedJul 29, 2024
DataAggregated Company Financials
Companies22
- 7D0.8%
- 3M-22.8%
- 1Y-15.1%
- YTD-7.7%
The Software industry is up 1.9% in the last week, with NICE up 0.7%. Meanwhile, Propdo actually underperformed within the industry, shrinking 12% in the last week. In contrast, the industry has lost 14% in the last 12 months. As for the next few years, earnings are expected to grow by 16% 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 |
|---|---|---|---|---|---|---|
| Mon, 29 Jul 2024 | ₪44.8b | ₪10.7b | ₪1.2b | 15.5x | 38x | 4.2x |
| Wed, 26 Jun 2024 | ₪41.5b | ₪10.9b | ₪1.2b | 11.1x | 34.1x | 3.8x |
| Fri, 24 May 2024 | ₪48.3b | ₪10.8b | ₪1.2b | 13.3x | 41x | 4.5x |
| Sun, 21 Apr 2024 | ₪57.9b | ₪10.7b | ₪1.1b | 13.3x | 53.3x | 5.4x |
| Tue, 19 Mar 2024 | ₪58.0b | ₪10.5b | ₪996.7m | 13.3x | 58.2x | 5.5x |
| Thu, 15 Feb 2024 | ₪53.0b | ₪10.3b | ₪892.5m | 12.6x | 59.4x | 5.2x |
| Sat, 13 Jan 2024 | ₪52.3b | ₪10.5b | ₪916.8m | 12.6x | 57x | 5x |
| Mon, 11 Dec 2023 | ₪48.4b | ₪10.4b | ₪904.2m | 11.9x | 53.5x | 4.7x |
| Wed, 08 Nov 2023 | ₪43.9b | ₪10.6b | ₪841.9m | 11.2x | 52.2x | 4.1x |
| Fri, 06 Oct 2023 | ₪43.1b | ₪10.5b | ₪833.3m | 12.1x | 51.8x | 4.1x |
| Sun, 03 Sep 2023 | ₪49.2b | ₪10.4b | ₪784.8m | 14x | 62.6x | 4.7x |
| Tue, 01 Aug 2023 | ₪52.0b | ₪9.9b | ₪571.1m | 14x | 91x | 5.2x |
| Thu, 29 Jun 2023 | ₪48.0b | ₪9.9b | ₪560.8m | 30.2x | 85.6x | 4.8x |
| Sat, 27 May 2023 | ₪46.6b | ₪10.1b | ₪557.3m | 28.4x | 83.7x | 4.6x |
| Mon, 24 Apr 2023 | ₪53.9b | ₪11.9b | ₪640.2m | 21x | 84.2x | 4.5x |
| Wed, 22 Mar 2023 | ₪54.3b | ₪11.7b | ₪718.8m | 20.1x | 75.5x | 4.6x |
| Fri, 17 Feb 2023 | ₪55.1b | ₪11.1b | ₪601.2m | 19.8x | 91.7x | 5x |
| Sun, 15 Jan 2023 | ₪48.2b | ₪10.8b | ₪592.1m | 20.5x | 81.3x | 4.5x |
| Tue, 13 Dec 2022 | ₪49.0b | ₪10.7b | ₪589.2m | 20.1x | 83.2x | 4.6x |
| Thu, 10 Nov 2022 | ₪51.0b | ₪10.5b | ₪524.9m | 23.1x | 97.2x | 4.9x |
| Sat, 08 Oct 2022 | ₪51.5b | ₪10.6b | ₪530.2m | 23.6x | 97.1x | 4.9x |
| Mon, 05 Sep 2022 | ₪51.7b | ₪10.0b | ₪551.2m | 25.7x | 93.8x | 5.2x |
| Wed, 03 Aug 2022 | ₪53.4b | ₪9.7b | ₪380.1m | 24.9x | 140.5x | 5.5x |
| Fri, 01 Jul 2022 | ₪49.5b | ₪9.9b | ₪385.2m | 23.4x | 128.4x | 5x |
| Sun, 29 May 2022 | ₪48.6b | ₪9.6b | ₪391.8m | 23.1x | 124x | 5.1x |
| Tue, 26 Apr 2022 | ₪50.5b | ₪9.1b | ₪376.1m | 27.1x | 134.2x | 5.5x |
| Thu, 24 Mar 2022 | ₪52.7b | ₪8.9b | ₪400.7m | 29.6x | 131.5x | 5.9x |
| Sat, 19 Feb 2022 | ₪59.8b | ₪8.5b | ₪419.8m | 31.9x | 142.5x | 7.1x |
| Mon, 17 Jan 2022 | ₪63.4b | ₪8.3b | ₪416.6m | 32.3x | 152.2x | 7.6x |
| Wed, 15 Dec 2021 | ₪66.8b | ₪8.3b | ₪419.3m | 31.1x | 159.3x | 8x |
| Fri, 12 Nov 2021 | ₪71.0b | ₪7.7b | ₪462.3m | 31.3x | 153.6x | 9.2x |
| Sun, 10 Oct 2021 | ₪62.4b | ₪7.9b | ₪474.0m | 28.2x | 131.6x | 7.9x |
| Tue, 07 Sep 2021 | ₪67.4b | ₪8.1b | ₪542.1m | 29.6x | 124.3x | 8.4x |
| Thu, 05 Aug 2021 | ₪62.7b | ₪8.0b | ₪571.6m | 27.6x | 109.6x | 7.8x |
Price to Earnings Ratio
109.6x
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 38.0x which is lower than its 3-year average PE of 93.4x.
- The 3-year average PS ratio of 5.5x is higher than the industry's current PS ratio of 4.2x.
Past Earnings Growth
- The earnings for companies in the Software industry have grown 27% 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 Trends
Which industries have driven the changes within the Israeli Tech industry?
| IL Market | -1.16% | |
| Tech | 0.23% | |
| Software | 0.81% | |
| Systems Software | 2.47% | |
| Application Software | 0.78% | |
Industry PE
- Investors are most optimistic about the Application Software industry even though it's trading below its 3-year average PE ratio of 89.8x.
- Analysts are expecting annual earnings growth of 14.2%, which is lower than the prior year's growth of 29.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 110% over the next 5 years.
- This is better than its past earnings growth rate of 58% per year.
- In contrast, the Application Software industry is expected to see its earnings grow by 14% 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 | ₪659.70 | 0.7% +₪298.3m | -17.4% | PE31.1x | |
| ALAR Alarum Technologies | ₪9.96 | 2.7% +₪20.0m | 1,137.0% | PS6.4x | |
| ABRA Abra Information Technologies | ₪2.80 | 4.4% +₪12.1m | 0.6% | PE20.5x | |
| RZR Razor Labs | ₪4.37 | 6.5% +₪10.5m | 459.4% | PS32.4x | |
| GLBX Glassbox | ₪39.20 | 2.1% +₪9.4m | 88.9% | PS2.5x |
