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Nigerian (NSE) Tech Sector Analysis

UpdatedApr 11, 2024
DataAggregated Company Financials
Companies3
  • 7D-5.2%
  • 3M-6.6%
  • 1Y699.3%
  • YTD-11.3%

In the last week, the Tech industry is up 4.6%, with Chams Holding up 16%. During this same period, the CWG underperformed, falling 10.0%. This means that the industry has gained 666% over the past year.

Sector Valuation and Performance

Has the Nigerian Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 11 Apr 2024₦28.2b₦35.7b-₦1,203,654,000.0075.8x-23.4x0.8x
Sat, 09 Mar 2024₦25.9b₦35.7b-₦1,203,654,000.0072.3x-21.5x0.7x
Mon, 05 Feb 2024₦33.1b₦37.1b-₦1,371,459,320.0022561.5x-24.1x0.9x
Wed, 03 Jan 2024₦33.9b₦37.1b-₦1,152,655,320.0015957.4x-29.4x0.9x
Fri, 01 Dec 2023₦31.0b₦37.1b-₦1,152,655,320.0015333.2x-26.9x0.8x
Sun, 29 Oct 2023₦32.7b₦32.1b-₦1,457,227,337.0043.9x-22.5x1x
Tue, 26 Sep 2023₦27.0b₦32.4b-₦2,249,373,337.0037.5x-12x0.8x
Thu, 24 Aug 2023₦17.9b₦32.4b-₦2,249,373,337.0023.4x-7.9x0.6x
Sat, 22 Jul 2023₦15.0b₦28.0b-₦544,803,219.0014.4x-27.6x0.5x
Mon, 19 Jun 2023₦8.2b₦28.0b-₦544,803,219.007.8x-15.1x0.3x
Wed, 17 May 2023₦8.0b₦25.9b-₦590,534,219.008.9x-13.6x0.3x
Fri, 14 Apr 2023₦5.2b₦24.3b-₦782,742,184.0012.7x-6.6x0.2x
Sun, 12 Mar 2023₦38.6b₦44.1b₦440.7m22.3x87.6x0.9x
Tue, 07 Feb 2023₦37.9b₦44.1b₦440.7m23.7x86.1x0.9x
Thu, 05 Jan 2023₦49.6b₦44.8b₦2.1b11x23.2x1.1x
Sat, 03 Dec 2022₦48.1b₦44.5b₦2.9b15.3x16.4x1.1x
Mon, 31 Oct 2022₦45.1b₦46.1b₦2.9b8.2x15.8x1x
Wed, 28 Sep 2022₦37.5b₦46.2b₦2.8b8.7x13.3x0.8x
Fri, 26 Aug 2022₦32.2b₦46.2b₦2.8b8.6x11.4x0.7x
Sun, 24 Jul 2022₦32.1b₦45.1b₦2.2b8x14.3x0.7x
Tue, 21 Jun 2022₦33.4b₦44.7b₦2.1b8.2x15.7x0.7x
Thu, 19 May 2022₦37.8b₦44.7b₦2.1b8.7x17.7x0.8x
Sat, 16 Apr 2022₦35.3b₦44.6b₦2.2b9.1x16.1x0.8x
Mon, 14 Mar 2022₦37.0b₦44.0b₦2.9b8.6x12.8x0.8x
Wed, 09 Feb 2022₦32.6b₦43.6b₦1.1b5.5x30.5x0.7x
Fri, 07 Jan 2022₦30.6b₦45.0b-₦656,424,377.008.1x-46.7x0.7x
Sun, 05 Dec 2021₦31.2b₦45.0b-₦656,424,377.007.4x-47.5x0.7x
Tue, 02 Nov 2021₦32.2b₦44.9b-₦645,609,377.008.2x-49.8x0.7x
Thu, 30 Sep 2021₦31.7b₦43.9b-₦791,173,377.007.7x-40x0.7x
Sat, 28 Aug 2021₦31.6b₦43.9b-₦791,173,377.007.7x-39.9x0.7x
Sun, 04 Jul 2021₦25.3b₦43.9b-₦791,173,377.007x-31.9x0.6x
Price to Earnings Ratio

15.2x


Total Market Cap: ₦19.2bTotal Earnings: ₦1.3bTotal Revenue: ₦21.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Tech Sector Price to Earnings3Y Average -4.9x202220232024
Current Industry PE
    There are only 3 companies in the Nigerian Information Technology industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
  • Total earnings for the Information Technology industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have grown 19% 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 Nigerian Tech sector?

NG Market-1.12%
Tech-5.18%
Communications0%
Tech Hardware0%
Electronic Equipment and Components0%
Semiconductors0%
IT-4.55%
Software-6.36%
Industry PE
  • Investors are most optimistic about the Software industry which is trading above its 3-year average PE ratio of 51.2x.
    • 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?

CompanyLast Price7D1YValuation
No data available
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Latest News

CWG

₦7.15

CWG

7D

-4.7%

1Y

731.4%

CHAMS

₦2.06

Chams Holding

7D

-6.4%

1Y

724.0%

OMATEK

₦0.84

Omatek Ventures

7D

-2.3%

1Y

320.0%