Subdued Growth No Barrier To Vista Group International Limited (NZSE:VGL) With Shares Advancing 32%
Mar 28
New Zealand (NZX) Software Industry Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies7
- 7D-3.1%
- 3M13.4%
- 1Y80.4%
- YTD9.3%
Over the last 7 days, the Software industry has dropped 3.1%, driven by Gentrack Group declining 3.6%. On the other hand Trade Window Holdings is actually up 6.4%. This takes the industry's 12 month performance to a gain of 80%. 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 |
|---|---|---|---|---|---|---|
| Mon, 22 Apr 2024 | NZ$1.8b | NZ$442.9m | -NZ$31,607,398.00 | 45.2x | -56.9x | 4.1x |
| Wed, 20 Mar 2024 | NZ$1.8b | NZ$442.9m | -NZ$31,607,398.00 | 45x | -57.7x | 4.1x |
| Fri, 16 Feb 2024 | NZ$1.7b | NZ$442.5m | -NZ$34,583,398.00 | 41.1x | -49.5x | 3.9x |
| Sun, 14 Jan 2024 | NZ$1.6b | NZ$445.5m | -NZ$40,707,398.00 | 37.4x | -40.3x | 3.7x |
| Tue, 12 Dec 2023 | NZ$1.6b | NZ$445.5m | -NZ$40,707,398.00 | 35.6x | -38.7x | 3.5x |
| Thu, 09 Nov 2023 | NZ$1.4b | NZ$411.6m | -NZ$55,219,829.00 | 28.7x | -26.1x | 3.5x |
| Sat, 07 Oct 2023 | NZ$1.4b | NZ$411.6m | -NZ$55,219,829.00 | 28x | -26.1x | 3.5x |
| Mon, 04 Sep 2023 | NZ$1.4b | NZ$411.9m | -NZ$56,493,829.00 | 26x | -24.6x | 3.4x |
| Wed, 02 Aug 2023 | NZ$1.5b | NZ$402.2m | -NZ$59,595,829.00 | 27x | -24.8x | 3.7x |
| Fri, 30 Jun 2023 | NZ$1.4b | NZ$402.2m | -NZ$59,595,829.00 | 25.7x | -22.7x | 3.4x |
| Sun, 28 May 2023 | NZ$1.2b | NZ$403.3m | -NZ$62,856,453.00 | 26.6x | -19.7x | 3.1x |
| Tue, 25 Apr 2023 | NZ$1.0b | NZ$360.6m | -NZ$87,324,453.00 | 11.5x | -11.8x | 2.9x |
| Thu, 23 Mar 2023 | NZ$992.7m | NZ$360.6m | -NZ$87,324,453.00 | 11.4x | -11.4x | 2.8x |
| Sat, 18 Feb 2023 | NZ$1.1b | NZ$341.0m | -NZ$84,423,453.00 | 13.3x | -13.3x | 3.3x |
| Mon, 16 Jan 2023 | NZ$1.0b | NZ$300.8m | -NZ$86,986,453.00 | n/a | -11.6x | 3.4x |
| Wed, 14 Dec 2022 | NZ$1.0b | NZ$300.8m | -NZ$86,985,758.00 | n/a | -12x | 3.5x |
| Fri, 11 Nov 2022 | NZ$957.8m | NZ$274.5m | -NZ$78,905,758.00 | n/a | -12.1x | 3.5x |
| Sun, 09 Oct 2022 | NZ$1.2b | NZ$307.3m | -NZ$102,956,758.00 | n/a | -11.5x | 3.8x |
| Tue, 06 Sep 2022 | NZ$1.2b | NZ$307.3m | -NZ$102,956,758.00 | n/a | -12.1x | 4.1x |
| Thu, 04 Aug 2022 | NZ$1.3b | NZ$288.7m | -NZ$86,840,758.00 | n/a | -14.8x | 4.4x |
| Sat, 02 Jul 2022 | NZ$1.2b | NZ$288.7m | -NZ$86,840,758.00 | n/a | -13.7x | 4.1x |
| Mon, 30 May 2022 | NZ$1.2b | NZ$279.4m | -NZ$64,382,000.00 | n/a | -19.2x | 4.4x |
| Wed, 27 Apr 2022 | NZ$1.5b | NZ$272.9m | -NZ$58,150,000.00 | 52x | -25.6x | 5.5x |
| Fri, 25 Mar 2022 | NZ$1.5b | NZ$272.9m | -NZ$58,150,000.00 | 50.2x | -25.7x | 5.5x |
| Sun, 20 Feb 2022 | NZ$1.7b | NZ$260.9m | -NZ$57,635,000.00 | 35.2x | -28.9x | 6.4x |
| Tue, 18 Jan 2022 | NZ$1.9b | NZ$260.9m | -NZ$57,635,000.00 | 39.3x | -33.5x | 7.4x |
| Thu, 16 Dec 2021 | NZ$2.0b | NZ$260.9m | -NZ$57,635,000.00 | 41.2x | -34.3x | 7.6x |
| Sat, 13 Nov 2021 | NZ$1.9b | NZ$252.4m | -NZ$71,712,000.00 | n/a | -26.2x | 7.5x |
| Mon, 11 Oct 2021 | NZ$1.9b | NZ$252.4m | -NZ$71,712,000.00 | 30x | -26.9x | 7.7x |
| Wed, 08 Sep 2021 | NZ$1.8b | NZ$252.4m | -NZ$71,714,000.00 | 31.5x | -25.4x | 7.2x |
| Fri, 06 Aug 2021 | NZ$1.7b | NZ$252.4m | -NZ$71,714,000.00 | 28.2x | -23.1x | 6.6x |
| Mon, 10 May 2021 | NZ$1.6b | NZ$246.4m | -NZ$91,072,700.00 | 18.9x | -18x | 6.7x |
Price to Earnings Ratio
-18x
Current Industry PE
- Investors are pessimistic on the New Zealander Software industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 4.7x is higher than the industry's current PS ratio of 4.1x.
Past Earnings Growth
- The earnings for companies in the Software industry have improved over the last three years.
- Revenues for these companies have grown 22% 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 | -1.08% | |
| Tech | -2.66% | |
| Software | -3.08% | |
| Systems Software | 4.00% | |
| Application Software | -3.11% | |
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 growth rate of 15% 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 | |
|---|---|---|---|---|---|
| TWL Trade Window Holdings | NZ$0.20 | 6.4% +NZ$1.4m | -47.6% | PS4.2x | |
| SKO Serko | NZ$3.41 | 0.3% +NZ$1.2m | 62.4% | PS6.5x | |
| ENS Enprise Group | NZ$0.41 | 10.8% +NZ$802.7k | -51.2% | PS0.4x |