Returns On Capital At Harvest Technology (MTSE:HRV) Paint A Concerning Picture
Jan 22
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Maltese (MSE) Tech Sector Analysis
UpdatedJan 29, 2026
DataAggregated Company Financials
Companies5
- 7D0.6%
- 3M3.3%
- 1Y-21.1%
- YTD-2.1%
Over the last 7 days, the Tech industry has remained flat, although notably Harvest Technology gained 11%. Unfortunately though, the industry is down 21% over the past 12 months.
Sector Valuation and Performance
Has the Maltese Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 29 Jan 2026 | €181.3m | €122.7m | €5.4m | 25.7x | 33.4x | 1.5x |
| Sat, 27 Dec 2025 | €170.0m | €122.7m | €5.4m | 24.3x | 31.3x | 1.4x |
| Mon, 24 Nov 2025 | €185.4m | €122.7m | €5.4m | 24.8x | 34.2x | 1.5x |
| Wed, 22 Oct 2025 | €191.3m | €122.7m | €5.4m | 26.6x | 35.2x | 1.6x |
| Fri, 19 Sep 2025 | €193.0m | €127.8m | €7.6m | 36.3x | 25.4x | 1.5x |
| Sun, 17 Aug 2025 | €201.1m | €129.6m | €8.3m | 17.9x | 24.3x | 1.6x |
| Tue, 15 Jul 2025 | €192.8m | €125.6m | €7.7m | 16.7x | 24.9x | 1.5x |
| Thu, 12 Jun 2025 | €205.1m | €125.6m | €7.7m | 16.9x | 26.5x | 1.6x |
| Sat, 10 May 2025 | €227.4m | €125.6m | €7.7m | 18x | 29.4x | 1.8x |
| Mon, 07 Apr 2025 | €210.1m | €125.1m | €8.2m | 18.3x | 25.6x | 1.7x |
| Wed, 05 Mar 2025 | €225.9m | €102.3m | €7.2m | 16.1x | 31.3x | 2.2x |
| Fri, 31 Jan 2025 | €227.8m | €101.9m | €7.0m | 15.2x | 32.7x | 2.2x |
| Sun, 29 Dec 2024 | €207.0m | €98.7m | €5.1m | 26x | 40.4x | 2.1x |
| Tue, 26 Nov 2024 | €201.5m | €98.7m | €5.1m | 24.1x | 39.4x | 2x |
| Thu, 24 Oct 2024 | €210.9m | €98.0m | €5.5m | 27.5x | 38.6x | 2.2x |
| Sat, 21 Sep 2024 | €216.5m | €98.0m | €5.5m | 27.5x | 39.6x | 2.2x |
| Mon, 19 Aug 2024 | €250.4m | €96.5m | €4.3m | 21.8x | 58.6x | 2.6x |
| Wed, 17 Jul 2024 | €275.1m | €94.6m | €4.7m | 21.7x | 58.6x | 2.9x |
| Fri, 14 Jun 2024 | €274.1m | €79.4m | €3.9m | 15x | 70.4x | 3.5x |
| Sun, 12 May 2024 | €291.2m | €79.4m | €3.9m | 16.4x | 74.8x | 3.7x |
| Tue, 09 Apr 2024 | €329.9m | €91.3m | €1.4m | 24.9x | 239.4x | 3.6x |
| Thu, 07 Mar 2024 | €360.4m | €90.6m | €2.0m | 23.8x | 179.5x | 4x |
| Sat, 03 Feb 2024 | €358.1m | €90.2m | €3.2m | 14.8x | 112.6x | 4x |
| Mon, 01 Jan 2024 | €373.3m | €90.2m | €3.2m | 15.4x | 117.4x | 4.1x |
| Wed, 29 Nov 2023 | €354.9m | €90.2m | €3.2m | 15.2x | 111.6x | 3.9x |
| Fri, 27 Oct 2023 | €379.1m | €89.6m | €3.7m | 15.7x | 103.4x | 4.2x |
| Sun, 24 Sep 2023 | €386.3m | €89.6m | €3.7m | 15.6x | 105.3x | 4.3x |
| Tue, 22 Aug 2023 | €405.3m | €91.8m | €8.0m | 15.9x | 50.6x | 4.4x |
| Thu, 20 Jul 2023 | €409.0m | €89.6m | €8.0m | 15.6x | 51.1x | 4.6x |
| Sat, 17 Jun 2023 | €412.2m | €89.6m | €8.0m | 23.2x | 51.5x | 4.6x |
| Mon, 15 May 2023 | €371.8m | €91.2m | €11.6m | 20.2x | 32.1x | 4.1x |
| Wed, 12 Apr 2023 | €378.2m | €91.1m | €12.4m | 15.9x | 30.5x | 4.2x |
| Fri, 10 Mar 2023 | €378.6m | €90.5m | €12.0m | 17.2x | 31.5x | 4.2x |
| Sun, 05 Feb 2023 | €385.7m | €90.4m | €12.3m | 16.6x | 31.3x | 4.3x |
Price to Earnings Ratio
31.3x
Current Industry PE
- Investors are pessimistic on the Maltese 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 33.4x which is lower than its 3-year average PE of 61.0x.
- The 3-year average PS ratio of 3.0x is higher than the industry's current PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have declined 24% per year over the last three years.
- Meanwhile revenues for these companies have grown 11% 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, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Maltese Tech sector?
| MT Market | -0.74% | |
| Tech | 0.63% | |
| IT | 0.75% | |
| Software | 0% | 0 |
| Communications | 0% | 0 |
Industry PE
- Investors are most optimistic about the IT industry even though it's trading below its 3-year average PE ratio of 16.9x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| HRV Harvest Technology | €0.70 | 11.1% +€1.6m | -22.2% | PE36.3x | |
| LQS Loqus Holdings | €0.25 | 5.0% +€382.8k | 42.9% | PE67.8x |