What Serko Limited's (NZSE:SKO) 26% Share Price Gain Is Not Telling You
Jul 17
New Zealand (NZX) Tech Sector Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies10
- 7D-1.9%
- 3M19.9%
- 1Y32.4%
- YTD22.1%
Over the last 7 days, the Tech industry has dropped 1.9%, driven by a pullback from Gentrack Group of 4.2%. Meanwhile, ikeGPS Group actually outperformed within the industry, gaining 57% in the last week. In the past year, the industry has gained 32%. As for the next few years, earnings are expected to grow by 48% per annum.
Sector Valuation and Performance
Has the New Zealand Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | NZ$2.7b | NZ$797.7m | -NZ$43,400,615.00 | 39.3x | -62x | 3.4x |
| Sun, 23 Jun 2024 | NZ$2.5b | NZ$797.7m | -NZ$43,400,615.00 | 33.3x | -56.6x | 3.1x |
| Tue, 21 May 2024 | NZ$2.3b | NZ$819.3m | -NZ$47,093,398.00 | 26x | -49.7x | 2.9x |
| Thu, 18 Apr 2024 | NZ$2.3b | NZ$801.6m | -NZ$44,547,398.00 | 34x | -51.3x | 2.8x |
| Sat, 16 Mar 2024 | NZ$2.3b | NZ$801.6m | -NZ$44,547,398.00 | 36.4x | -51.5x | 2.9x |
| Mon, 12 Feb 2024 | NZ$2.3b | NZ$804.3m | -NZ$53,647,398.00 | 36.9x | -42.1x | 2.8x |
| Wed, 10 Jan 2024 | NZ$2.2b | NZ$804.3m | -NZ$53,647,398.00 | 37.5x | -40.7x | 2.7x |
| Fri, 08 Dec 2023 | NZ$2.0b | NZ$804.3m | -NZ$53,647,398.00 | 19.2x | -36.8x | 2.5x |
| Sun, 05 Nov 2023 | NZ$1.8b | NZ$797.6m | -NZ$43,077,466.00 | 6.7x | -41.6x | 2.2x |
| Tue, 03 Oct 2023 | NZ$1.9b | NZ$797.5m | -NZ$44,351,466.00 | 7.2x | -41.7x | 2.3x |
| Thu, 31 Aug 2023 | NZ$1.8b | NZ$796.6m | -NZ$39,024,466.00 | 8.2x | -46.8x | 2.3x |
| Sat, 29 Jul 2023 | NZ$1.9b | NZ$788.2m | -NZ$47,453,466.00 | 10x | -40.3x | 2.4x |
| Mon, 26 Jun 2023 | NZ$1.8b | NZ$788.2m | -NZ$47,453,466.00 | 10.5x | -37.9x | 2.3x |
| Wed, 24 May 2023 | NZ$1.7b | NZ$727.8m | -NZ$53,295,090.00 | 9.7x | -31x | 2.3x |
| Fri, 21 Apr 2023 | NZ$1.4b | NZ$712.3m | -NZ$64,052,090.00 | 9.1x | -22.2x | 2x |
| Sun, 19 Mar 2023 | NZ$1.5b | NZ$712.3m | -NZ$64,052,090.00 | 8.9x | -22.7x | 2x |
| Tue, 14 Feb 2023 | NZ$3.4b | NZ$1.1b | -NZ$19,043,897.00 | 26.7x | -180.6x | 3.2x |
| Thu, 12 Jan 2023 | NZ$3.3b | NZ$1.1b | -NZ$19,136,165.00 | 26.8x | -171.5x | 3x |
| Sat, 10 Dec 2022 | NZ$3.3b | NZ$1.1b | -NZ$19,200,057.00 | 26.6x | -172.3x | 3x |
| Mon, 07 Nov 2022 | NZ$3.2b | NZ$1.0b | -NZ$1,121,302.00 | 19.3x | -2876.6x | 3.2x |
| Wed, 05 Oct 2022 | NZ$3.2b | NZ$1.1b | -NZ$23,492,131.00 | 17.4x | -135.8x | 3x |
| Fri, 02 Sep 2022 | NZ$3.5b | NZ$1.0b | -NZ$26,262,664.00 | 20.6x | -134.3x | 3.4x |
| Sun, 31 Jul 2022 | NZ$3.6b | NZ$1.0b | -NZ$12,325,901.00 | 20.5x | -293.1x | 3.6x |
| Tue, 28 Jun 2022 | NZ$3.5b | NZ$1.0b | -NZ$12,750,119.00 | 20.7x | -270.8x | 3.4x |
| Thu, 26 May 2022 | NZ$3.9b | NZ$934.0m | -NZ$4,495,335.00 | 15.5x | -863.7x | 4.2x |
| Sat, 23 Apr 2022 | NZ$3.7b | NZ$889.4m | NZ$4.5m | 18.8x | 825.9x | 4.2x |
| Mon, 21 Mar 2022 | NZ$3.9b | NZ$883.1m | NZ$3.1m | 20.5x | 1247.3x | 4.4x |
| Wed, 16 Feb 2022 | NZ$4.1b | NZ$877.0m | NZ$5.4m | 17.8x | 745.5x | 4.6x |
| Fri, 14 Jan 2022 | NZ$4.8b | NZ$867.4m | NZ$3.5m | 20.2x | 1342.4x | 5.5x |
| Sun, 12 Dec 2021 | NZ$4.8b | NZ$869.5m | NZ$4.0m | 23.8x | 1215.7x | 5.5x |
| Tue, 09 Nov 2021 | NZ$5.3b | NZ$801.4m | -NZ$37,038,906.00 | 24.1x | -143.1x | 6.6x |
| Thu, 07 Oct 2021 | NZ$5.3b | NZ$806.6m | -NZ$36,131,510.00 | 34.9x | -146.5x | 6.6x |
| Sat, 04 Sep 2021 | NZ$5.1b | NZ$806.0m | -NZ$36,239,528.60 | 34.6x | -141.1x | 6.3x |
| Mon, 02 Aug 2021 | NZ$4.7b | NZ$806.0m | -NZ$36,239,528.60 | 27.4x | -129.6x | 5.8x |
Price to Earnings Ratio
-129.6x
Current Industry PE
- Investors are relatively neutral on the New Zealander Information Technology industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 3.5x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have deteriorated over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has caused losses to expand.
Industry Trends
Which industries have driven the changes within the New Zealand Tech sector?
| NZ Market | 0.32% | |
| Tech | -1.91% | |
| Electronic Equipment and Components | 6.84% | |
| IT | 0% | |
| Communications | 0% | |
| Tech Hardware | 0% | |
| Semiconductors | 0% | |
| Software | -3.81% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Electronic Equipment and Components industry, expecting annual earnings growth of 54% over the next 5 years.
- This is better than its past earnings decline of 81% per year.
- In contrast, the Software industry is expected to see its earnings grow by 46% 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 | |
|---|---|---|---|---|---|
| IKE ikeGPS Group | NZ$0.74 | 57.4% +NZ$43.3m | 4.2% | PS5.6x | |
| RAK Rakon | NZ$0.81 | 11.0% +NZ$18.2m | 9.5% | PE40.9x | |
| TWL Trade Window Holdings | NZ$0.19 | 32.0% +NZ$6.0m | -48.3% | PS4x |
