Narrative Update • Jun 26
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- 7D-2.5%
- 3M-13.9%
- 1Y-55.3%
- YTD-40.3%
Over the last 7 days, the Software industry has dropped 2.5%, driven by Gentrack Group declining 1.8%. On the other hand Black Pearl Group is actually up 26%. The industry has fallen 55% in the last year. Looking forward, earnings are forecast to grow by 37% 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 |
|---|---|---|---|---|---|---|
| Tue, 07 Jul 2026 | NZ$1.3b | NZ$586.1m | -NZ$3,109,511.00 | 22.9x | -411x | 2.2x |
| Thu, 04 Jun 2026 | NZ$1.3b | NZ$586.1m | -NZ$3,109,511.00 | 24.1x | -425.6x | 2.3x |
| Sat, 02 May 2026 | NZ$1.4b | NZ$576.0m | -NZ$9,533,965.00 | 32.1x | -151.9x | 2.5x |
| Mon, 30 Mar 2026 | NZ$1.5b | NZ$576.0m | -NZ$9,533,965.00 | 36.4x | -155x | 2.6x |
| Wed, 25 Feb 2026 | NZ$1.7b | NZ$577.8m | -NZ$7,690,391.35 | 21.4x | -216.3x | 2.9x |
| Fri, 23 Jan 2026 | NZ$2.0b | NZ$577.6m | -NZ$7,639,720.45 | 23.6x | -255.5x | 3.4x |
| Sun, 21 Dec 2025 | NZ$2.0b | NZ$577.5m | -NZ$7,623,473.89 | 23.4x | -265.7x | 3.5x |
| Tue, 18 Nov 2025 | NZ$1.9b | NZ$543.1m | -NZ$11,664,685.00 | 38.3x | -161.3x | 3.5x |
| Thu, 16 Oct 2025 | NZ$2.2b | NZ$543.1m | -NZ$11,664,685.00 | 45.3x | -188.4x | 4x |
| Sat, 13 Sep 2025 | NZ$2.3b | NZ$543.2m | -NZ$11,437,685.00 | 85.2x | -200.6x | 4.2x |
| Mon, 11 Aug 2025 | NZ$2.4b | NZ$535.7m | -NZ$11,402,685.00 | 11.1x | -207.1x | 4.4x |
| Wed, 09 Jul 2025 | NZ$2.7b | NZ$535.7m | -NZ$11,402,685.00 | 14x | -239.2x | 5.1x |
| Fri, 06 Jun 2025 | NZ$2.7b | NZ$535.7m | -NZ$11,402,685.00 | 15.2x | -232.7x | 5x |
| Sun, 04 May 2025 | NZ$2.7b | NZ$510.5m | -NZ$7,237,044.00 | 15.4x | -372.2x | 5.3x |
| Tue, 01 Apr 2025 | NZ$2.7b | NZ$510.5m | -NZ$7,237,044.00 | 15.8x | -373.8x | 5.3x |
| Thu, 27 Feb 2025 | NZ$2.5b | NZ$497.9m | -NZ$14,705,044.00 | 64.9x | -168.9x | 5x |
| Sat, 25 Jan 2025 | NZ$2.6b | NZ$497.9m | -NZ$14,705,044.00 | 70x | -179x | 5.3x |
| Mon, 23 Dec 2024 | NZ$2.6b | NZ$497.9m | -NZ$14,705,044.00 | 71.2x | -179x | 5.3x |
| Wed, 20 Nov 2024 | NZ$2.4b | NZ$471.5m | -NZ$19,124,615.00 | 73.3x | -124.2x | 5x |
| Fri, 18 Oct 2024 | NZ$2.3b | NZ$465.9m | -NZ$21,180,615.00 | 76.3x | -109.9x | 5x |
| Sun, 15 Sep 2024 | NZ$2.4b | NZ$466.0m | -NZ$21,051,615.00 | 60x | -112.2x | 5.1x |
| Tue, 13 Aug 2024 | NZ$2.3b | NZ$466.5m | -NZ$26,270,615.00 | 72.2x | -87.8x | 4.9x |
| Thu, 11 Jul 2024 | NZ$2.2b | NZ$466.6m | -NZ$32,570,615.00 | 76.8x | -66.3x | 4.6x |
| Sat, 08 Jun 2024 | NZ$2.0b | NZ$466.6m | -NZ$32,570,615.00 | 69.6x | -61.6x | 4.3x |
| Mon, 06 May 2024 | NZ$1.8b | NZ$442.9m | -NZ$31,607,398.00 | 45.5x | -56.8x | 4.1x |
| Wed, 03 Apr 2024 | NZ$1.9b | NZ$442.9m | -NZ$31,607,398.00 | 46.7x | -59.8x | 4.3x |
| Fri, 01 Mar 2024 | NZ$1.8b | NZ$442.1m | -NZ$36,167,398.00 | 44.1x | -48.7x | 4x |
| Sun, 28 Jan 2024 | NZ$1.6b | NZ$445.5m | -NZ$40,707,398.00 | 36.3x | -39.5x | 3.6x |
| Tue, 26 Dec 2023 | NZ$1.6b | NZ$445.5m | -NZ$40,707,398.00 | 36.1x | -39.7x | 3.6x |
| Thu, 23 Nov 2023 | NZ$1.5b | NZ$428.6m | -NZ$42,653,829.00 | 29.1x | -34.2x | 3.4x |
| Sat, 21 Oct 2023 | NZ$1.4b | NZ$411.6m | -NZ$55,219,829.00 | 27.9x | -26.1x | 3.5x |
| Mon, 18 Sep 2023 | NZ$1.4b | NZ$411.5m | -NZ$56,493,829.00 | 26x | -24.8x | 3.4x |
| Wed, 16 Aug 2023 | NZ$1.4b | NZ$402.2m | -NZ$59,595,829.00 | 25.5x | -24.3x | 3.6x |
| Fri, 14 Jul 2023 | NZ$1.4b | NZ$402.2m | -NZ$59,595,829.00 | 25.2x | -24x | 3.6x |
Price to Earnings Ratio
-24x
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 4.1x is higher than the industry's current PS ratio of 2.2x.
Past Earnings Growth
- The earnings for companies in the Software industry have improved over the last three years.
- Revenues for these companies have grown 13% 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 | 0.46% | |
| Tech | -2.18% | |
| Software | -2.45% | |
| Systems Software | 0% | 0 |
| Application Software | -2.47% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 37% over the next 5 years.
- This is better than its past earnings decline of 8.4% per year.
- In contrast, the Application Software industry is expected to see its earnings grow by 37% 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 | |
|---|---|---|---|---|---|
| BPG Black Pearl Group | NZ$0.63 | 26.0% +NZ$12.4m | -46.2% | n/a | |
| VGL Vista Group International | NZ$2.45 | 1.2% +NZ$7.2m | -30.0% | PE308.6x | |
| TWL Trade Window Holdings | NZ$0.18 | 0.6% +NZ$163.4k | -18.2% | PS3.1x |