Enprise Group Limited (NZSE:ENS) Surges 34% Yet Its Low P/S Is No Reason For Excitement
Dec 30
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New Zealand (NZX) Software Industry Analysis
UpdatedFeb 16, 2025
DataAggregated Company Financials
Companies7
- 7D-3.4%
- 3M12.1%
- 1Y48.3%
- YTD-1.2%
Over the last 7 days, the Software industry has dropped 3.4%, driven by a pullback from Gentrack Group of 7.1%. Meanwhile, Serko actually outperformed within the industry, gaining 6.5% in the last week. This takes the industry's 12 month performance to a gain of 48%. Earnings are forecast to grow by 42% annually.
Industry Valuation and Performance
Has the New Zealand Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 16 Feb 2025 | NZ$2.7b | NZ$497.9m | -NZ$14,705,044.00 | 71.3x | -181.6x | 5.4x |
| Tue, 14 Jan 2025 | NZ$2.7b | NZ$497.9m | -NZ$14,705,044.00 | 68.5x | -182.2x | 5.4x |
| Thu, 12 Dec 2024 | NZ$2.7b | NZ$497.9m | -NZ$14,705,044.00 | 74.8x | -183.1x | 5.4x |
| Sat, 09 Nov 2024 | NZ$2.3b | NZ$471.5m | -NZ$19,124,615.00 | 73.8x | -121.5x | 4.9x |
| Mon, 07 Oct 2024 | NZ$2.2b | NZ$465.9m | -NZ$21,180,615.00 | 76.6x | -106x | 4.8x |
| Wed, 04 Sep 2024 | NZ$2.3b | NZ$466.0m | -NZ$21,051,615.00 | 54.3x | -109.8x | 5x |
| Fri, 02 Aug 2024 | NZ$2.2b | NZ$466.6m | -NZ$32,570,615.00 | 74.1x | -67.3x | 4.7x |
| Sun, 30 Jun 2024 | NZ$2.1b | NZ$466.6m | -NZ$32,570,615.00 | 73.4x | -63.6x | 4.4x |
| Tue, 28 May 2024 | NZ$2.0b | NZ$460.6m | -NZ$34,153,398.00 | 70.9x | -58x | 4.3x |
| Thu, 25 Apr 2024 | NZ$1.8b | NZ$442.9m | -NZ$31,607,398.00 | 45.4x | -56.3x | 4x |
| Sat, 23 Mar 2024 | NZ$1.8b | NZ$442.9m | -NZ$31,607,398.00 | 45x | -58.3x | 4.2x |
| Mon, 19 Feb 2024 | NZ$1.7b | NZ$442.5m | -NZ$34,583,398.00 | 42x | -50.5x | 3.9x |
| Wed, 17 Jan 2024 | NZ$1.6b | NZ$445.5m | -NZ$40,707,398.00 | 37.1x | -40.3x | 3.7x |
| Fri, 15 Dec 2023 | NZ$1.6b | NZ$445.5m | -NZ$40,707,398.00 | 36.1x | -38.3x | 3.5x |
| Sun, 12 Nov 2023 | NZ$1.4b | NZ$411.6m | -NZ$55,219,829.00 | 28.7x | -26.2x | 3.5x |
| Tue, 10 Oct 2023 | NZ$1.4b | NZ$411.6m | -NZ$55,219,829.00 | 27.7x | -25.8x | 3.5x |
| Thu, 07 Sep 2023 | NZ$1.4b | NZ$411.9m | -NZ$56,493,829.00 | 24.6x | -24.2x | 3.3x |
| Sat, 05 Aug 2023 | NZ$1.5b | NZ$402.2m | -NZ$59,595,829.00 | 26.3x | -24.6x | 3.6x |
| Mon, 03 Jul 2023 | NZ$1.4b | NZ$402.2m | -NZ$59,595,829.00 | 25.7x | -23.3x | 3.4x |
| Wed, 31 May 2023 | NZ$1.2b | NZ$403.3m | -NZ$62,856,453.00 | 26.8x | -19.7x | 3.1x |
| Fri, 28 Apr 2023 | NZ$1.0b | NZ$360.6m | -NZ$87,324,453.00 | 11.5x | -11.6x | 2.8x |
| Sun, 26 Mar 2023 | NZ$1.0b | NZ$360.6m | -NZ$87,324,453.00 | 11.4x | -11.6x | 2.8x |
| Tue, 21 Feb 2023 | NZ$1.1b | NZ$341.0m | -NZ$84,423,453.00 | 13.3x | -13x | 3.2x |
| Thu, 19 Jan 2023 | NZ$999.7m | NZ$300.8m | -NZ$86,986,453.00 | n/a | -11.5x | 3.3x |
| Sat, 17 Dec 2022 | NZ$1.0b | NZ$300.8m | -NZ$86,986,453.00 | n/a | -12x | 3.5x |
| Mon, 14 Nov 2022 | NZ$978.3m | NZ$274.5m | -NZ$78,905,758.00 | n/a | -12.4x | 3.6x |
| Wed, 12 Oct 2022 | NZ$1.1b | NZ$307.3m | -NZ$102,956,758.00 | n/a | -11.2x | 3.7x |
| Fri, 09 Sep 2022 | NZ$1.2b | NZ$307.3m | -NZ$102,956,758.00 | n/a | -11.8x | 4x |
| Sun, 07 Aug 2022 | NZ$1.3b | NZ$288.7m | -NZ$86,840,758.00 | n/a | -14.9x | 4.5x |
| Tue, 05 Jul 2022 | NZ$1.2b | NZ$288.7m | -NZ$86,840,758.00 | n/a | -13.6x | 4.1x |
| Thu, 02 Jun 2022 | NZ$1.2b | NZ$283.8m | -NZ$76,416,000.00 | n/a | -15.9x | 4.3x |
| Sat, 30 Apr 2022 | NZ$1.5b | NZ$272.9m | -NZ$58,150,000.00 | 52.6x | -26.2x | 5.6x |
| Mon, 28 Mar 2022 | NZ$1.5b | NZ$272.9m | -NZ$58,150,000.00 | 50.2x | -25.6x | 5.5x |
| Wed, 23 Feb 2022 | NZ$1.6b | NZ$260.9m | -NZ$57,635,000.00 | n/a | -28.5x | 6.3x |
Price to Earnings Ratio
-28.5x
Current Industry PE
- Investors are optimistic on the New Zealander Software industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 4.1x is lower than the industry's current PS ratio of 5.3x.
Past Earnings Growth
- The earnings for companies in the Software industry have improved over the last three years.
- Revenues for these companies have grown 24% per year.
- This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.
Industry Trends
Which industries have driven the changes within the New Zealand Tech industry?
| NZ Market | 0.79% | |
| Tech | -2.92% | |
| Software | -3.38% | |
| Application Software | -3.34% | |
| Systems Software | -8.65% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 42% over the next 5 years.
- This is better than its past earnings decline of 11% per year.
- In contrast, the Application Software industry is expected to see its earnings grow by 42% 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 | |
|---|---|---|---|---|---|
| SKO Serko | NZ$3.75 | 6.5% +NZ$28.0m | -10.7% | PS6.1x | |
| BPG Black Pearl Group | NZ$0.96 | 20.0% +NZ$10.2m | 113.3% | n/a |