Narrative Update • Jun 26
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- 7D5.4%
- 3M18.4%
- 1Y20.4%
- YTD11.6%
Over the last 7 days, the Software industry has risen 5.4%, driven by gains from TXT e-solutions of 15%. In the last 12 months, the industry was up 20%. Looking forward, earnings are forecast to grow by 48% annually.
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, 05 Jul 2026 | €1.4b | €972.4m | €11.6m | 24.4x | 121.7x | 1.5x |
| Tue, 02 Jun 2026 | €1.3b | €960.5m | €7.0m | 24x | 188.5x | 1.4x |
| Thu, 30 Apr 2026 | €1.2b | €921.2m | €2.7m | 21.2x | 457.5x | 1.3x |
| Sat, 28 Mar 2026 | €1.2b | €886.6m | €5.6m | 17.2x | 204.6x | 1.3x |
| Mon, 23 Feb 2026 | €1.1b | €847.3m | €364.2k | 18.5x | 3065x | 1.3x |
| Wed, 21 Jan 2026 | €1.4b | €893.8m | €8.0m | 20.6x | 171.4x | 1.5x |
| Fri, 19 Dec 2025 | €1.4b | €922.7m | €7.8m | 21.3x | 175.8x | 1.5x |
| Sun, 16 Nov 2025 | €1.3b | €923.9m | €7.7m | 22.7x | 168.7x | 1.4x |
| Tue, 14 Oct 2025 | €1.4b | €896.2m | €3.2m | 24x | 426.1x | 1.5x |
| Thu, 11 Sep 2025 | €1.2b | €877.0m | €4.2m | 26.3x | 295.3x | 1.4x |
| Sat, 09 Aug 2025 | €1.2b | €851.0m | €3.6m | 26.6x | 342.4x | 1.4x |
| Mon, 07 Jul 2025 | €1.2b | €853.2m | €4.5m | 26.9x | 274.3x | 1.4x |
| Wed, 04 Jun 2025 | €1.3b | €854.2m | €6.6m | 26x | 192.9x | 1.5x |
| Fri, 02 May 2025 | €1.1b | €817.4m | €2.5m | 25.2x | 462.6x | 1.4x |
| Sun, 30 Mar 2025 | €1.1b | €823.9m | €1.7m | 38.9x | 651.6x | 1.4x |
| Tue, 25 Feb 2025 | €1.3b | €800.6m | -€5,540,640.00 | 27.8x | -230.6x | 1.6x |
| Thu, 23 Jan 2025 | €1.2b | €800.6m | -€5,540,640.00 | 25.2x | -215.4x | 1.5x |
| Sat, 21 Dec 2024 | €1.2b | €800.3m | -€5,540,640.00 | 24.1x | -212.7x | 1.5x |
| Mon, 18 Nov 2024 | €1.2b | €889.9m | -€4,326,102.00 | 25.9x | -278.1x | 1.4x |
| Wed, 16 Oct 2024 | €1.2b | €859.5m | -€5,109,701.00 | 24.4x | -244.6x | 1.5x |
| Fri, 13 Sep 2024 | €1.3b | €854.2m | -€1,537,999.00 | 32.9x | -822.5x | 1.5x |
| Sun, 11 Aug 2024 | €1.2b | €838.7m | -€1,507,777.00 | 33.1x | -814.4x | 1.5x |
| Tue, 09 Jul 2024 | €1.1b | €795.9m | -€4,810,516.00 | 32.8x | -227.7x | 1.4x |
| Thu, 06 Jun 2024 | €1.1b | €795.1m | -€2,787,210.00 | 36.2x | -382.1x | 1.3x |
| Sat, 04 May 2024 | €1.1b | €797.1m | -€2,173,212.00 | 28.6x | -489.1x | 1.3x |
| Mon, 01 Apr 2024 | €1.1b | €825.3m | -€5,285,784.00 | 26.4x | -199.7x | 1.3x |
| Wed, 28 Feb 2024 | €1.1b | €813.5m | €5.3m | 30.8x | 207.7x | 1.4x |
| Fri, 26 Jan 2024 | €1.3b | €863.5m | €17.6m | 31.9x | 75.8x | 1.5x |
| Sun, 24 Dec 2023 | €1.2b | €856.9m | €18.7m | 27.6x | 66.8x | 1.5x |
| Tue, 21 Nov 2023 | €1.2b | €856.9m | €20.2m | 27.8x | 60.4x | 1.4x |
| Thu, 19 Oct 2023 | €1.2b | €833.9m | €18.3m | 25.1x | 66x | 1.4x |
| Sat, 16 Sep 2023 | €1.3b | €811.1m | €14.9m | 37.7x | 90.1x | 1.7x |
| Mon, 14 Aug 2023 | €1.4b | €811.1m | €14.9m | 40.9x | 91.1x | 1.7x |
| Wed, 12 Jul 2023 | €1.4b | €780.5m | €11.6m | 46x | 120.7x | 1.8x |
Price to Earnings Ratio
120.7x
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 122x which is higher than its 3-year average PE of 91.5x.
- The industry is trading close to its 3-year average PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Software industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 7.6% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Italian Tech industry?
| IT Market | 2.97% | |
| Tech | 2.67% | |
| Software | 5.42% | |
| Application Software | 6.82% | |
| Systems Software | -1.35% | |
Industry PE
- Investors are most optimistic about the Application Software industry even though it's trading below its 3-year average PE ratio of 91.3x.
- Analysts are expecting annual earnings growth of 37.1%, which is higher than its past year's earnings growth of 25.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 102% over the next 5 years.
- In contrast, the Application 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 | |
|---|---|---|---|---|---|
| TXT TXT e-solutions | €43.00 | 14.8% +€69.8m | 22.7% | PE23x | |
| SYS SYS-DAT | €5.80 | 5.5% +€9.4m | -0.3% | PE24.4x | |
| EXAI Expert.ai | €1.70 | 1.4% +€2.7m | 19.3% | PS4.2x | |
| AAT AATECH. Società Benefit | €1.08 | 5.9% +€593.8k | 22.0% | PS0.8x | |
| VNT Vantea SMART | €0.86 | 1.2% +€127.1k | -28.9% | PE9.8x |