Pakistani (KSE) IT Industry Analysis
UpdatedApr 15, 2024
DataAggregated Company Financials
Companies5
- 7D4.7%
- 3M-0.9%
- 1Y-12.5%
- YTD-8.0%
Over the last 7 days, the IT industry has risen 4.7%, driven by gains in Systems and Avanceon of 2.7% and 16%, respectively. In the past year, the industry is down 13%. Earnings are forecast to grow by 30% annually.
Industry Valuation and Performance
Has the Pakistani IT Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 15 Apr 2024 | PK₨149.3b | PK₨67.6b | PK₨11.7b | 13.6x | 12.7x | 2.2x |
| Wed, 13 Mar 2024 | PK₨146.0b | PK₨63.1b | PK₨11.7b | 13.6x | 12.5x | 2.3x |
| Fri, 09 Feb 2024 | PK₨142.7b | PK₨63.1b | PK₨11.7b | 10.4x | 12.2x | 2.3x |
| Sun, 07 Jan 2024 | PK₨155.4b | PK₨63.1b | PK₨11.7b | 11.4x | 13.3x | 2.5x |
| Tue, 05 Dec 2023 | PK₨167.9b | PK₨63.2b | PK₨11.5b | 13.3x | 14.7x | 2.7x |
| Thu, 02 Nov 2023 | PK₨147.1b | PK₨63.2b | PK₨11.4b | 11.5x | 12.9x | 2.3x |
| Sat, 30 Sep 2023 | PK₨139.5b | PK₨57.7b | PK₨11.7b | 12.8x | 11.9x | 2.4x |
| Mon, 28 Aug 2023 | PK₨161.8b | PK₨47.2b | PK₨12.2b | 13.4x | 13.3x | 3.4x |
| Wed, 26 Jul 2023 | PK₨162.3b | PK₨54.4b | PK₨13.3b | 13.8x | 12.2x | 3x |
| Fri, 23 Jun 2023 | PK₨144.2b | PK₨54.4b | PK₨13.3b | 12.5x | 10.8x | 2.7x |
| Sun, 21 May 2023 | PK₨146.4b | PK₨54.0b | PK₨11.9b | 13.9x | 12.3x | 2.7x |
| Tue, 18 Apr 2023 | PK₨168.3b | PK₨39.4b | PK₨9.2b | 19.1x | 18.2x | 4.3x |
| Thu, 16 Mar 2023 | PK₨172.0b | PK₨39.4b | PK₨9.2b | 19.5x | 18.6x | 4.4x |
| Sat, 11 Feb 2023 | PK₨171.9b | PK₨39.0b | PK₨10.0b | 15.4x | 17.1x | 4.4x |
| Mon, 09 Jan 2023 | PK₨177.9b | PK₨39.0b | PK₨10.0b | 17x | 17.7x | 4.6x |
| Wed, 07 Dec 2022 | PK₨178.5b | PK₨39.1b | PK₨10.0b | 16.2x | 17.8x | 4.6x |
| Fri, 04 Nov 2022 | PK₨170.1b | PK₨39.1b | PK₨10.0b | 16.6x | 16.9x | 4.3x |
| Sun, 02 Oct 2022 | PK₨146.1b | PK₨34.2b | PK₨9.0b | 15.7x | 16.2x | 4.3x |
| Tue, 30 Aug 2022 | PK₨153.9b | PK₨31.1b | PK₨7.9b | 16.7x | 19.5x | 5x |
| Thu, 28 Jul 2022 | PK₨136.7b | PK₨31.1b | PK₨7.9b | 15.5x | 17.3x | 4.4x |
| Sat, 25 Jun 2022 | PK₨138.6b | PK₨31.1b | PK₨7.9b | 15.7x | 17.5x | 4.5x |
| Mon, 23 May 2022 | PK₨132.5b | PK₨31.1b | PK₨7.9b | 14.6x | 16.7x | 4.3x |
| Wed, 20 Apr 2022 | PK₨150.8b | PK₨28.1b | PK₨6.6b | 20.8x | 22.8x | 5.4x |
| Fri, 18 Mar 2022 | PK₨146.9b | PK₨26.1b | PK₨5.3b | 22.2x | 27.7x | 5.6x |
| Sun, 13 Feb 2022 | PK₨147.9b | PK₨25.6b | PK₨4.9b | 29.7x | 30x | 5.8x |
| Tue, 11 Jan 2022 | PK₨161.8b | PK₨25.6b | PK₨4.9b | 31.3x | 32.9x | 6.3x |
| Thu, 09 Dec 2021 | PK₨149.0b | PK₨25.6b | PK₨4.9b | 29.1x | 30.3x | 5.8x |
| Sat, 06 Nov 2021 | PK₨152.2b | PK₨24.7b | PK₨4.3b | 34.8x | 35.3x | 6.2x |
| Mon, 04 Oct 2021 | PK₨144.3b | PK₨23.6b | PK₨4.0b | 37.2x | 36.2x | 6.1x |
| Wed, 01 Sep 2021 | PK₨145.5b | PK₨23.3b | PK₨4.0b | 37.2x | 36.7x | 6.3x |
| Thu, 08 Jul 2021 | PK₨115.6b | PK₨23.3b | PK₨4.0b | 28.6x | 29.2x | 5x |
Price to Earnings Ratio
26.7x
Current Industry PE
- Investors are pessimistic on the Pakistani IT industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 12.7x which is lower than its 3-year average PE of 20.4x.
- The 3-year average PS ratio of 4.2x is higher than the industry's current PS ratio of 2.2x.
Past Earnings Growth
- The earnings for companies in the IT industry have grown 51% per year over the last three years.
- Revenues for these companies have grown 45% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Pakistani Tech industry?
| PK Market | 2.24% | |
| Tech | 4.29% | |
| IT | 4.74% | |
| IT Consulting | 4.74% | |
| Data Processing Services | 0.34% | |
| Internet Services and Infrastructure | 0% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 20.4x.
- Analysts expect its future annual earnings growth (29.7%) to be largely in line with prior year's earnings growth.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 30% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the IT Consulting industry is expected to see its earnings grow by 30% 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 | |
|---|---|---|---|---|---|
| AVN Avanceon | PK₨60.36 | 7.5% +PK₨1.6b | 5.5% | PE8.7x | |
| OCTOPUS Octopus Digital | PK₨46.04 | 1.1% +PK₨81.8m | 1.3% | PE29.4x |