Italian (Borsa Italiana) Software Industry Analysis
UpdatedNov 27, 2022
DataAggregated Company Financials
Companies15
- 7D0.7%
- 3M1.4%
- 1Y-14.1%
- YTD-19.2%
Over the last 7 days, the Software industry has remained flat, although notably Relatech gained 5.1%. As for the longer term, the industry has declined 14% in the last year. As for the next few years, earnings are expected to grow by 45% per annum.
Industry Valuation and Performance
Has the Italian Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 27 Nov 2022 | €1.2b | €591.5m | €12.8m | 29.7x | 96x | 2.1x |
| Tue, 25 Oct 2022 | €1.2b | €578.0m | €12.5m | 30.9x | 94.4x | 2x |
| Thu, 22 Sep 2022 | €1.2b | €522.8m | €22.6m | 33.9x | 52.6x | 2.3x |
| Sat, 20 Aug 2022 | €1.2b | €509.3m | €23.8m | 35.7x | 52.1x | 2.4x |
| Mon, 18 Jul 2022 | €1.2b | €461.5m | €22.1m | 36.3x | 53.8x | 2.6x |
| Wed, 15 Jun 2022 | €1.8b | €1.2b | €63.2m | 37.9x | 28.8x | 1.5x |
| Fri, 13 May 2022 | €2.1b | €1.3b | €66.8m | 39x | 31.5x | 1.7x |
| Sun, 10 Apr 2022 | €2.4b | €1.2b | €68.8m | 32x | 34.9x | 1.9x |
| Tue, 08 Mar 2022 | €2.1b | €1.1b | €67.1m | 33.9x | 30.7x | 1.8x |
| Thu, 03 Feb 2022 | €2.5b | €1.1b | €68.5m | 35x | 36.1x | 2.2x |
| Sat, 01 Jan 2022 | €2.7b | €1.1b | €68.5m | 41.9x | 39.2x | 2.4x |
| Mon, 29 Nov 2021 | €2.6b | €1.1b | €68.5m | 42.2x | 37.5x | 2.3x |
| Wed, 27 Oct 2021 | €2.4b | €1.1b | €67.1m | 32.9x | 35.5x | 2.2x |
| Fri, 24 Sep 2021 | €2.4b | €1.1b | €65.9m | 35.3x | 36x | 2.2x |
| Sun, 22 Aug 2021 | €2.3b | €1.0b | €60.4m | 36x | 38.8x | 2.3x |
| Fri, 09 Jul 2021 | €1.9b | €1.0b | €60.4m | 28x | 32x | 1.9x |
| Thu, 01 Apr 2021 | €1.7b | €994.8m | €61.4m | 26.9x | 27.1x | 1.7x |
| Sun, 03 Jan 2021 | €1.3b | €958.8m | €58.8m | 21.4x | 22.4x | 1.4x |
| Wed, 07 Oct 2020 | €1.1b | €766.4m | €44.2m | 20.4x | 23.9x | 1.4x |
| Tue, 30 Jun 2020 | €1.0b | €783.1m | €30.6m | 21.1x | 33.6x | 1.3x |
| Fri, 03 Apr 2020 | €839.2m | €847.0m | €102.3m | 16.6x | 8.2x | 1x |
| Mon, 06 Jan 2020 | €928.1m | €719.7m | €28.7m | 29.1x | 32.3x | 1.3x |
Price to Earnings Ratio
32.6x
Current Industry PE
- Investors are optimistic on the Italian Software industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 96.0x which is higher than its 3-year average PE of 34.4x.
- The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Software industry have declined 24% per year over the last three years,
- Revenues have also declined 22% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Italian Tech industry?
| IT Market | 0.045% | |
| Tech | 0.37% | |
| Software | 0.73% | |
| Application Software | 0.86% | |
| Systems Software | 0.53% | |
Industry PE
- Investors are most optimistic about the Systems Software industry which is trading above its 3-year average PE ratio of 23.5x.
- Analysts are expecting annual earnings growth of 37.3%, which is lower than the prior year's growth of 64.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 50% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Systems Software industry is expected to see its earnings grow by 37% 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 | |
|---|---|---|---|---|---|
| RLT Relatech | €2.27 | 5.1% +€4.6m | -12.0% | PE48.4x | |
| DOX Doxee | €10.40 | 5.5% +€4.3m | -7.1% | PE53x | |
| CY4 Cy4gate | €9.05 | 1.9% +€4.0m | -18.5% | PE231.4x | |
| S3D SolidWorld Group | €2.54 | 10.0% +€2.7m | n/a | n/a | |
| GROW Growens | €4.00 | 1.5% +€910.7k | -18.4% | PS0.7x |