Text S.A.'s (WSE:TXT) Price Is Out Of Tune With Earnings
Apr 05
Polish (WIG) Tech Sector Analysis
UpdatedApr 17, 2024
DataAggregated Company Financials
Companies89
- 7D-1.1%
- 3M8.9%
- 1Y8.9%
- YTD6.3%
Over the last 7 days, the Tech industry has dropped 1.1%, driven by Asseco Poland declining 2.6%. In the past year, the industry has gained 8.9%. Looking forward, earnings are forecast to grow by 15% 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 |
|---|---|---|---|---|---|---|
| Wed, 17 Apr 2024 | zł30.5b | zł61.4b | zł1.8b | 15.5x | 17.3x | 0.5x |
| Fri, 15 Mar 2024 | zł29.5b | zł63.2b | zł1.8b | 18.5x | 16.3x | 0.5x |
| Sun, 11 Feb 2024 | zł29.6b | zł62.7b | zł2.0b | 15.3x | 15.1x | 0.5x |
| Tue, 09 Jan 2024 | zł29.2b | zł62.5b | zł2.0b | 15.4x | 14.9x | 0.5x |
| Thu, 07 Dec 2023 | zł28.6b | zł62.6b | zł1.9b | 17.5x | 14.7x | 0.5x |
| Sat, 04 Nov 2023 | zł28.5b | zł63.1b | zł2.0b | 16.9x | 14.5x | 0.5x |
| Mon, 02 Oct 2023 | zł27.9b | zł63.8b | zł2.0b | 17.3x | 14.3x | 0.4x |
| Wed, 30 Aug 2023 | zł28.3b | zł63.0b | zł1.9b | 16.2x | 15x | 0.4x |
| Fri, 28 Jul 2023 | zł29.6b | zł61.9b | zł1.9b | 16.7x | 15.5x | 0.5x |
| Sun, 25 Jun 2023 | zł28.0b | zł62.0b | zł1.9b | 17.1x | 14.9x | 0.5x |
| Tue, 23 May 2023 | zł29.4b | zł61.5b | zł1.9b | 20x | 15.6x | 0.5x |
| Thu, 20 Apr 2023 | zł28.3b | zł60.9b | zł1.8b | 19x | 15.4x | 0.5x |
| Sat, 18 Mar 2023 | zł26.8b | zł61.4b | zł1.9b | 19.1x | 14.4x | 0.4x |
| Mon, 13 Feb 2023 | zł27.0b | zł61.5b | zł1.8b | 15.1x | 14.6x | 0.4x |
| Wed, 11 Jan 2023 | zł25.6b | zł61.2b | zł1.8b | 15.9x | 14x | 0.4x |
| Fri, 09 Dec 2022 | zł24.8b | zł61.4b | zł1.9b | 15.5x | 13.3x | 0.4x |
| Sun, 06 Nov 2022 | zł23.9b | zł59.9b | zł1.9b | 12.4x | 12.8x | 0.4x |
| Tue, 04 Oct 2022 | zł22.9b | zł60.3b | zł1.9b | 12x | 12.3x | 0.4x |
| Thu, 01 Sep 2022 | zł23.7b | zł58.1b | zł2.0b | 13x | 11.9x | 0.4x |
| Sat, 30 Jul 2022 | zł24.3b | zł58.3b | zł2.2b | 13.7x | 11.2x | 0.4x |
| Mon, 27 Jun 2022 | zł23.4b | zł57.6b | zł2.3b | 12.8x | 10.1x | 0.4x |
| Wed, 25 May 2022 | zł24.4b | zł55.9b | zł2.3b | 14.2x | 10.6x | 0.4x |
| Fri, 22 Apr 2022 | zł26.3b | zł55.7b | zł2.5b | 17x | 10.4x | 0.5x |
| Sun, 20 Mar 2022 | zł26.7b | zł54.9b | zł2.6b | 14.5x | 10.3x | 0.5x |
| Tue, 15 Feb 2022 | zł26.7b | zł53.4b | zł2.6b | 13.5x | 10.4x | 0.5x |
| Thu, 13 Jan 2022 | zł29.9b | zł53.0b | zł2.6b | 14.1x | 11.6x | 0.6x |
| Sat, 11 Dec 2021 | zł29.8b | zł53.3b | zł2.7b | 13x | 11.2x | 0.6x |
| Mon, 08 Nov 2021 | zł31.5b | zł51.9b | zł2.6b | 13.7x | 12.1x | 0.6x |
| Wed, 06 Oct 2021 | zł30.2b | zł51.4b | zł2.6b | 13.9x | 11.7x | 0.6x |
| Fri, 03 Sep 2021 | zł29.8b | zł50.5b | zł2.3b | 14.8x | 13.1x | 0.6x |
| Sun, 01 Aug 2021 | zł29.6b | zł50.5b | zł2.3b | 13.8x | 13x | 0.6x |
| Wed, 05 May 2021 | zł25.1b | zł48.7b | zł2.1b | 16.2x | 11.8x | 0.5x |
Price to Earnings Ratio
11.8x
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 17.3x which is higher than its 3-year average PE of 13.4x.
- The industry is trading close to its 3-year average PS ratio of 0.49x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have declined 6.1% per year over the last three years.
- Meanwhile revenues for these companies have grown 8.0% 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 | -0.84% | |
| Tech | -1.06% | |
| Communications | 2.83% | |
| Software | -0.35% | |
| IT | -1.40% | |
| Electronic Equipment and Components | -2.25% | |
| Tech Hardware | -2.70% | |
| Semiconductors | -3.17% | |
Industry PE
- Investors are most optimistic about the Communications industry which is trading above its 3-year average PE ratio of 35.5x.
- 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 32% over the next 5 years.
- This is better than its past earnings decline of 16% per year.
- In contrast, the IT industry is expected to see its earnings grow by 13% 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 | |
|---|---|---|---|---|---|
| ASE Asseco South Eastern Europe | zł51.20 | 2.4% +zł62.3m | 3.9% | PE13.3x | |
| SHO Shoper | zł31.00 | 2.6% +zł22.8m | -7.7% | PE37.6x | |
| PAS Passus | zł31.90 | 21.8% +zł11.7m | 16.8% | PE40.4x | |
| QNA QNA Technology | zł35.80 | 8.8% +zł5.2m | n/a | n/a | |
| IFI Ifirma | zł23.60 | 3.5% +zł5.1m | 6.3% | PE18.9x |
