Earnings Not Telling The Story For Apator S.A. (WSE:APT)
Jan 18
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Polish (WIG) Tech Sector Analysis
UpdatedJan 21, 2025
DataAggregated Company Financials
Companies85
- 7D2.0%
- 3M2.9%
- 1Y10.0%
- YTD-0.9%
The Tech industry is up 1.5% in the last week, with Asseco Poland up 2.4%. This means that the industry has gained 9.5% over the past year. Looking forward, earnings are forecast to grow by 17% annually.
Sector Valuation and Performance
Has the Polish Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 21 Jan 2025 | zł30.5b | zł62.1b | zł1.6b | 13.9x | 19.1x | 0.5x |
| Thu, 19 Dec 2024 | zł29.7b | zł62.8b | zł1.6b | 13.6x | 18.6x | 0.5x |
| Sat, 16 Nov 2024 | zł28.9b | zł62.6b | zł1.6b | 15.6x | 18.3x | 0.5x |
| Mon, 14 Oct 2024 | zł29.8b | zł63.0b | zł1.7b | 14.2x | 17.8x | 0.5x |
| Wed, 11 Sep 2024 | zł30.7b | zł63.1b | zł1.7b | 15.2x | 18x | 0.5x |
| Fri, 09 Aug 2024 | zł29.6b | zł63.3b | zł1.7b | 16.7x | 17x | 0.5x |
| Sun, 07 Jul 2024 | zł31.0b | zł63.1b | zł1.7b | 16.3x | 17.8x | 0.5x |
| Tue, 04 Jun 2024 | zł31.0b | zł63.1b | zł1.9b | 15.7x | 16.6x | 0.5x |
| Thu, 02 May 2024 | zł30.2b | zł61.4b | zł1.8b | 15.3x | 17.2x | 0.5x |
| Sat, 30 Mar 2024 | zł30.1b | zł63.0b | zł1.8b | 16.3x | 16.4x | 0.5x |
| Mon, 26 Feb 2024 | zł28.8b | zł62.8b | zł1.9b | 15.3x | 14.9x | 0.5x |
| Wed, 24 Jan 2024 | zł29.3b | zł62.9b | zł2.0b | 14.7x | 14.9x | 0.5x |
| Fri, 22 Dec 2023 | zł29.2b | zł62.4b | zł1.9b | 15.4x | 15x | 0.5x |
| Sun, 19 Nov 2023 | zł28.6b | zł63.2b | zł2.0b | 14.7x | 14.3x | 0.5x |
| Tue, 17 Oct 2023 | zł27.9b | zł63.4b | zł1.9b | 17x | 14.4x | 0.4x |
| Thu, 14 Sep 2023 | zł28.9b | zł63.8b | zł1.9b | 18x | 15.2x | 0.5x |
| Sat, 12 Aug 2023 | zł29.3b | zł62.8b | zł1.9b | 16.9x | 15.5x | 0.5x |
| Mon, 10 Jul 2023 | zł29.0b | zł62.1b | zł1.9b | 16.4x | 15.2x | 0.5x |
| Wed, 07 Jun 2023 | zł28.7b | zł62.2b | zł1.9b | 16.3x | 15.1x | 0.5x |
| Fri, 05 May 2023 | zł28.8b | zł61.2b | zł1.9b | 19.2x | 15.6x | 0.5x |
| Sun, 02 Apr 2023 | zł27.3b | zł61.1b | zł1.9b | 18.7x | 14.7x | 0.4x |
| Tue, 28 Feb 2023 | zł27.1b | zł60.7b | zł1.8b | 18.2x | 14.8x | 0.4x |
| Thu, 26 Jan 2023 | zł25.3b | zł61.1b | zł1.8b | 15.4x | 13.8x | 0.4x |
| Sat, 24 Dec 2022 | zł24.4b | zł61.2b | zł1.8b | 15.4x | 13.3x | 0.4x |
| Mon, 21 Nov 2022 | zł23.6b | zł59.7b | zł1.8b | 15.8x | 12.8x | 0.4x |
| Wed, 19 Oct 2022 | zł22.3b | zł60.2b | zł1.9b | 12.1x | 12x | 0.4x |
| Fri, 16 Sep 2022 | zł24.3b | zł59.2b | zł2.0b | 13.1x | 12.4x | 0.4x |
| Sun, 14 Aug 2022 | zł25.1b | zł57.5b | zł2.2b | 13.4x | 11.3x | 0.4x |
| Tue, 12 Jul 2022 | zł24.1b | zł58.6b | zł2.3b | 12.8x | 10.3x | 0.4x |
| Thu, 09 Jun 2022 | zł24.1b | zł57.2b | zł2.3b | 13.5x | 10.5x | 0.4x |
| Sat, 07 May 2022 | zł24.8b | zł56.2b | zł2.6b | 15.1x | 9.6x | 0.4x |
| Mon, 04 Apr 2022 | zł26.8b | zł55.6b | zł2.6b | 16.1x | 10.5x | 0.5x |
| Wed, 02 Mar 2022 | zł24.9b | zł54.6b | zł2.6b | 13.7x | 9.6x | 0.5x |
| Fri, 28 Jan 2022 | zł27.8b | zł53.4b | zł2.6b | 13.4x | 10.8x | 0.5x |
Price to Earnings Ratio
10.8x
Current Industry PE
- Investors are optimistic on the Polish Information Technology industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 19.0x which is higher than its 3-year average PE of 14.9x.
- The industry is trading close to its 3-year average PS ratio of 0.47x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have declined 15% per year over the last three years.
- Meanwhile revenues for these companies have grown 5.3% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Polish Tech sector?
| PL Market | 3.85% | |
| Tech | 1.99% | |
| Tech Hardware | 7.28% | |
| Electronic Equipment and Components | 4.74% | |
| Software | 2.13% | |
| IT | 0.36% | |
| Communications | -2.74% | |
| Semiconductors | -4.17% | |
Industry PE
- Investors are most optimistic about the Communications industry which is trading above its 3-year average PE ratio of 40.1x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Electronic Equipment and Components industry, expecting annual earnings growth of 23% over the next 5 years.
- This is better than its past earnings growth rate of 5.9% per year.
- In contrast, the Software industry is expected to see its earnings grow by 12% 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 | |
|---|---|---|---|---|---|
| ACP Asseco Poland | zł96.65 | 3.4% +zł214.8m | 33.5% | PE13x | |
| VRC Vercom | zł122.00 | 7.0% +zł177.2m | 45.6% | PE32x | |
| ABE AB | zł112.00 | 7.7% +zł126.5m | 53.8% | PE10.1x | |
| ASB ASBISc Enterprises | zł18.70 | 5.1% +zł50.0m | -33.2% | PE8x | |
| APT Apator | zł18.70 | 8.8% +zł44.2m | 21.4% | PE12.6x |
