Nigerian (NSE) Tech Sector Analysis
UpdatedApr 13, 2024
DataAggregated Company Financials
Companies3
- 7D0.6%
- 3M-11.3%
- 1Y654.2%
- YTD-11.5%
Over the last 7 days, the Tech industry has dropped 5.2%, driven by pullbacks from every company within the industry. In the past year, the industry has gained 699%.
Sector Valuation and Performance
Has the Nigerian Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 15 Apr 2024 | ₦28.1b | ₦35.7b | -₦1,203,654,000.00 | 75.2x | -23.3x | 0.8x |
| Wed, 13 Mar 2024 | ₦26.8b | ₦35.7b | -₦1,203,654,000.00 | 78.2x | -22.3x | 0.8x |
| Fri, 09 Feb 2024 | ₦28.9b | ₦35.7b | -₦1,203,654,000.00 | 86.9x | -24x | 0.8x |
| Sun, 07 Jan 2024 | ₦35.7b | ₦37.1b | -₦1,152,655,320.00 | 17590.8x | -31x | 1x |
| Tue, 05 Dec 2023 | ₦30.0b | ₦37.1b | -₦1,152,655,320.00 | 15875.4x | -26.1x | 0.8x |
| Thu, 02 Nov 2023 | ₦34.9b | ₦32.1b | -₦1,457,227,337.00 | 43.2x | -24x | 1.1x |
| Sat, 30 Sep 2023 | ₦28.5b | ₦32.4b | -₦2,249,373,337.00 | 45.1x | -12.7x | 0.9x |
| Mon, 28 Aug 2023 | ₦19.9b | ₦32.4b | -₦2,249,373,337.00 | 26x | -8.8x | 0.6x |
| Wed, 26 Jul 2023 | ₦15.0b | ₦28.0b | -₦544,803,219.00 | 14.3x | -27.6x | 0.5x |
| Fri, 23 Jun 2023 | ₦9.4b | ₦28.0b | -₦544,803,219.00 | 8.8x | -17.2x | 0.3x |
| Sun, 21 May 2023 | ₦7.4b | ₦25.9b | -₦590,534,219.00 | 8.2x | -12.5x | 0.3x |
| Tue, 18 Apr 2023 | ₦5.3b | ₦24.3b | -₦782,742,184.00 | 12.9x | -6.8x | 0.2x |
| Thu, 16 Mar 2023 | ₦38.6b | ₦44.1b | ₦440.7m | 20.9x | 87.6x | 0.9x |
| Sat, 11 Feb 2023 | ₦38.0b | ₦44.1b | ₦440.7m | 22.3x | 86.1x | 0.9x |
| Mon, 09 Jan 2023 | ₦49.9b | ₦44.8b | ₦2.1b | 10.9x | 23.3x | 1.1x |
| Wed, 07 Dec 2022 | ₦48.6b | ₦44.5b | ₦2.9b | 15.3x | 16.6x | 1.1x |
| Fri, 04 Nov 2022 | ₦45.0b | ₦44.3b | ₦3.2b | 8.9x | 14.2x | 1x |
| Sun, 02 Oct 2022 | ₦44.9b | ₦46.2b | ₦2.8b | 8.2x | 15.9x | 1x |
| Tue, 30 Aug 2022 | ₦32.3b | ₦46.2b | ₦2.8b | 9.3x | 11.4x | 0.7x |
| Thu, 28 Jul 2022 | ₦32.0b | ₦45.3b | ₦2.2b | 7.8x | 14.3x | 0.7x |
| Sat, 25 Jun 2022 | ₦30.9b | ₦45.0b | ₦2.2b | 8.1x | 14.3x | 0.7x |
| Mon, 23 May 2022 | ₦37.6b | ₦44.7b | ₦2.1b | 8.7x | 17.7x | 0.8x |
| Wed, 20 Apr 2022 | ₦35.1b | ₦44.6b | ₦2.2b | 9.1x | 16.1x | 0.8x |
| Fri, 18 Mar 2022 | ₦35.8b | ₦44.0b | ₦2.9b | 8.2x | 12.4x | 0.8x |
| Sun, 13 Feb 2022 | ₦32.9b | ₦44.0b | ₦2.9b | 8.5x | 11.3x | 0.7x |
| Tue, 11 Jan 2022 | ₦31.6b | ₦45.0b | -₦656,424,377.00 | 8.9x | -48.2x | 0.7x |
| Thu, 09 Dec 2021 | ₦31.1b | ₦45.0b | -₦656,424,377.00 | 7.4x | -47.4x | 0.7x |
| Sat, 06 Nov 2021 | ₦31.9b | ₦44.9b | -₦645,609,377.00 | 8.2x | -49.5x | 0.7x |
| Mon, 04 Oct 2021 | ₦31.6b | ₦43.9b | -₦791,173,377.00 | 7.7x | -40x | 0.7x |
| Wed, 01 Sep 2021 | ₦31.4b | ₦43.9b | -₦791,173,377.00 | 7.7x | -39.6x | 0.7x |
| Thu, 08 Jul 2021 | ₦25.3b | ₦43.9b | -₦791,173,377.00 | 7x | -31.9x | 0.6x |
Price to Earnings Ratio
15.2x
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 | -1.37% | |
| Tech | 0.59% | |
| IT | 5.77% | |
| Communications | 0% | |
| Tech Hardware | 0% | |
| Electronic Equipment and Components | 0% | |
| Semiconductors | 0% | |
| Software | -8.11% | |
Industry PE
- Investors are most optimistic about the Software industry which is trading above its 3-year average PE ratio of 51.6x.
- 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 | |
|---|---|---|---|---|---|
| CWG CWG | ₦7.15 | 5.9% +₦1.0b | 677.2% | PE31.3x | |
| OMATEK Omatek Ventures | ₦0.85 | 1.2% +₦29.4m | 325.0% | PS833.5x |