Subdued Growth No Barrier To Reply S.p.A.'s (BIT:REY) Price
Nov 18
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Italian (Borsa Italiana) Tech Sector Analysis
UpdatedNov 18, 2024
DataAggregated Company Financials
Companies50
- 7D-0.4%
- 3M-8.3%
- 1Y-2.9%
- YTD-12.9%
Last week, the Tech industry hasn't moved much but Reply is up 8.9% in that time. In line with that, the industry has also been flat over the past 12 months. As for the next few years, earnings are expected to grow by 23% per annum.
Sector Valuation and Performance
Has the Italian Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 18 Nov 2024 | €14.3b | €14.0b | €446.2m | 15.1x | 32.1x | 1x |
| Wed, 16 Oct 2024 | €14.8b | €13.8b | €447.5m | 18x | 33x | 1.1x |
| Fri, 13 Sep 2024 | €14.9b | €13.7b | €420.8m | 24.7x | 35.4x | 1.1x |
| Sun, 11 Aug 2024 | €15.0b | €13.6b | €420.9m | 25.7x | 35.7x | 1.1x |
| Tue, 09 Jul 2024 | €18.2b | €13.8b | €384.4m | 21.9x | 47.4x | 1.3x |
| Thu, 06 Jun 2024 | €17.0b | €13.7b | €393.3m | 23.7x | 43.2x | 1.2x |
| Sat, 04 May 2024 | €15.5b | €13.8b | €417.1m | 24x | 37.1x | 1.1x |
| Mon, 01 Apr 2024 | €16.8b | €13.8b | €419.4m | 25.6x | 40x | 1.2x |
| Wed, 28 Feb 2024 | €17.4b | €14.2b | €478.7m | 26x | 36.3x | 1.2x |
| Fri, 26 Jan 2024 | €18.2b | €14.5b | €486.0m | 27.7x | 37.5x | 1.3x |
| Sun, 24 Dec 2023 | €17.0b | €14.5b | €487.1m | 25.6x | 35x | 1.2x |
| Tue, 21 Nov 2023 | €15.5b | €14.4b | €489.6m | 23.8x | 31.7x | 1.1x |
| Thu, 19 Oct 2023 | €13.7b | €14.7b | €496.9m | 25.1x | 27.5x | 0.9x |
| Sat, 16 Sep 2023 | €15.0b | €14.4b | €518.7m | 31.4x | 29x | 1x |
| Mon, 14 Aug 2023 | €15.4b | €14.5b | €517.3m | 30.1x | 29.7x | 1.1x |
| Wed, 12 Jul 2023 | €16.3b | €14.3b | €552.2m | 31.8x | 29.5x | 1.1x |
| Fri, 09 Jun 2023 | €16.3b | €14.3b | €543.6m | 31.4x | 30x | 1.1x |
| Sun, 07 May 2023 | €15.8b | €14.3b | €552.1m | 26.8x | 28.6x | 1.1x |
| Tue, 04 Apr 2023 | €16.4b | €14.2b | €555.6m | 24.7x | 29.5x | 1.2x |
| Thu, 02 Mar 2023 | €26.0b | €18.1b | €571.9m | 27.9x | 45.5x | 1.4x |
| Sat, 28 Jan 2023 | €27.8b | €18.1b | €571.9m | 28.1x | 48.5x | 1.5x |
| Mon, 26 Dec 2022 | €25.4b | €18.1b | €571.9m | 24.9x | 44.4x | 1.4x |
| Wed, 23 Nov 2022 | €27.0b | €18.0b | €568.5m | 25.3x | 47.5x | 1.5x |
| Fri, 21 Oct 2022 | €27.5b | €17.8b | €575.4m | 29.3x | 47.7x | 1.5x |
| Sun, 18 Sep 2022 | €26.5b | €17.1b | €543.9m | 23.9x | 48.7x | 1.6x |
| Tue, 16 Aug 2022 | €30.3b | €17.4b | €633.3m | 26.6x | 47.8x | 1.7x |
| Thu, 14 Jul 2022 | €26.9b | €15.5b | €591.5m | 26x | 45.5x | 1.7x |
| Sat, 11 Jun 2022 | €27.0b | €15.5b | €595.3m | 27.3x | 45.3x | 1.7x |
| Mon, 09 May 2022 | €29.1b | €15.5b | €594.2m | 27.8x | 48.9x | 1.9x |
| Wed, 06 Apr 2022 | €32.8b | €15.3b | €562.8m | 32x | 58.2x | 2.1x |
| Fri, 04 Mar 2022 | €33.5b | €13.5b | €562.1m | 31.8x | 59.7x | 2.5x |
| Sun, 30 Jan 2022 | €31.8b | €13.5b | €563.2m | 27.2x | 56.4x | 2.4x |
| Tue, 28 Dec 2021 | €32.0b | €13.5b | €563.9m | 29.2x | 56.8x | 2.4x |
| Thu, 25 Nov 2021 | €31.3b | €13.4b | €559.3m | 28.6x | 56x | 2.3x |
Price to Earnings Ratio
56x
Current Industry PE
- Investors are pessimistic on the Italian Information Technology 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 32.1x which is lower than its 3-year average PE of 41.1x.
- The 3-year average PS ratio of 1.4x is higher than the industry's current PS ratio of 1.0x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have declined 7.3% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Italian Tech sector?
| IT Market | 0.86% | |
| Tech | -0.44% | |
| IT | 7.59% | |
| Communications | 0% | |
| Software | -1.05% | |
| Tech Hardware | -2.45% | |
| Electronic Equipment and Components | -4.44% | |
| Semiconductors | -9.80% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry even though it's trading below its 3-year average PE ratio of 150x.
- Analysts are expecting annual earnings growth of 28.2%, which is higher than its past year's earnings decline of 4.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Tech Hardware industry, expecting annual earnings growth of 85% over the next 5 years.
- In contrast, the IT industry is expected to see its earnings grow by 13% 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 | |
|---|---|---|---|---|---|
| REY Reply | €152.80 | 6.6% +€354.1m | 43.7% | PE27.4x | |
| DGV Digital Value | €13.10 | 11.2% +€13.4m | -75.5% | PE3x | |
| GE Gefran | €9.62 | 5.7% +€7.5m | 30.2% | PE11.3x | |
| SYS SYS-DAT | €5.32 | 2.5% +€4.1m | n/a | PE33.7x | |
| OSA OSAI Automation System | €0.89 | 38.8% +€4.0m | -36.1% | PS0.3x |
