Calculating The Intrinsic Value Of Second Chamber S.A. (WSE:PIX)
Dec 28
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Polish (WIG) Software Industry Analysis
UpdatedDec 30, 2024
DataAggregated Company Financials
Companies33
- 7D2.3%
- 3M3.7%
- 1Y11.2%
- YTD10.5%
Over the last 7 days, the Software industry has risen 2.8%, driven by gains from Asseco Poland of 2.7%. This takes the industry's 12 month performance to a gain of 11%. Earnings are forecast to grow by 12% annually.
Industry Valuation and Performance
Has the Polish Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Dec 2024 | zł16.0b | zł20.1b | zł926.9m | 13.9x | 17.3x | 0.8x |
| Thu, 28 Nov 2024 | zł14.6b | zł19.9b | zł896.0m | 16.6x | 16.3x | 0.7x |
| Sat, 26 Oct 2024 | zł15.1b | zł19.8b | zł861.2m | 15.9x | 17.5x | 0.8x |
| Mon, 23 Sep 2024 | zł15.3b | zł19.8b | zł856.8m | 16.5x | 17.9x | 0.8x |
| Wed, 21 Aug 2024 | zł15.4b | zł19.7b | zł913.1m | 20.8x | 16.9x | 0.8x |
| Fri, 19 Jul 2024 | zł15.7b | zł19.7b | zł909.8m | 19.3x | 17.3x | 0.8x |
| Sun, 16 Jun 2024 | zł15.1b | zł19.7b | zł941.2m | 19.7x | 16.1x | 0.8x |
| Tue, 14 May 2024 | zł16.4b | zł19.8b | zł880.7m | 20x | 18.6x | 0.8x |
| Thu, 11 Apr 2024 | zł15.7b | zł19.8b | zł866.7m | 23.9x | 18.2x | 0.8x |
| Sat, 09 Mar 2024 | zł14.6b | zł20.2b | zł843.1m | 24.6x | 17.3x | 0.7x |
| Mon, 05 Feb 2024 | zł15.3b | zł20.0b | zł831.1m | 27.6x | 18.4x | 0.8x |
| Wed, 03 Jan 2024 | zł15.7b | zł20.0b | zł831.1m | 26.4x | 18.9x | 0.8x |
| Fri, 01 Dec 2023 | zł15.5b | zł20.0b | zł818.1m | 24.8x | 19x | 0.8x |
| Sun, 29 Oct 2023 | zł15.6b | zł20.4b | zł819.0m | 23.3x | 19.1x | 0.8x |
| Tue, 26 Sep 2023 | zł16.2b | zł20.4b | zł816.9m | 22.7x | 19.9x | 0.8x |
| Thu, 24 Aug 2023 | zł16.3b | zł20.4b | zł772.7m | 22.7x | 21.1x | 0.8x |
| Sat, 22 Jul 2023 | zł16.9b | zł20.3b | zł754.3m | 21.8x | 22.4x | 0.8x |
| Mon, 19 Jun 2023 | zł16.2b | zł20.3b | zł735.4m | 20.8x | 22.1x | 0.8x |
| Wed, 17 May 2023 | zł17.0b | zł19.9b | zł715.9m | 24.6x | 23.8x | 0.9x |
| Fri, 14 Apr 2023 | zł15.4b | zł19.6b | zł705.8m | 20.7x | 21.8x | 0.8x |
| Sun, 12 Mar 2023 | zł15.7b | zł19.5b | zł705.8m | 21.9x | 22.2x | 0.8x |
| Tue, 07 Feb 2023 | zł14.8b | zł19.4b | zł686.3m | 14.9x | 21.5x | 0.8x |
| Thu, 05 Jan 2023 | zł13.9b | zł19.4b | zł686.4m | 15.3x | 20.3x | 0.7x |
| Sat, 03 Dec 2022 | zł14.1b | zł19.4b | zł692.3m | 16.6x | 20.4x | 0.7x |
| Mon, 31 Oct 2022 | zł13.3b | zł18.3b | zł681.7m | 16.9x | 19.6x | 0.7x |
| Wed, 28 Sep 2022 | zł13.6b | zł18.2b | zł685.5m | 16x | 19.9x | 0.7x |
| Fri, 26 Aug 2022 | zł14.1b | zł17.3b | zł753.2m | 19.1x | 18.8x | 0.8x |
| Sun, 24 Jul 2022 | zł14.3b | zł17.3b | zł755.2m | 15.6x | 18.9x | 0.8x |
| Tue, 21 Jun 2022 | zł13.1b | zł17.3b | zł753.1m | 16x | 17.3x | 0.8x |
| Thu, 19 May 2022 | zł245.9b | zł16.5b | zł751.8m | 16.3x | 327.1x | 14.9x |
| Sat, 16 Apr 2022 | zł15.3b | zł16.5b | zł738.0m | 20x | 20.7x | 0.9x |
| Mon, 14 Mar 2022 | zł15.7b | zł15.5b | zł731.6m | 19.6x | 21.4x | 1x |
| Wed, 09 Feb 2022 | zł16.2b | zł15.5b | zł731.2m | 17.9x | 22.2x | 1x |
| Fri, 07 Jan 2022 | zł18.0b | zł15.5b | zł736.6m | 18x | 24.4x | 1.2x |
Price to Earnings Ratio
24.4x
Current Industry PE
- Investors are pessimistic on the Polish Software 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 17.3x which is lower than its 3-year average PE of 20.3x.
- The industry is trading close to its 3-year average PS ratio of 0.85x.
Past Earnings Growth
- The earnings for companies in the Software industry have grown 8.0% per year over the last three years.
- Revenues for these companies have grown 9.0% 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 Polish Tech industry?
| PL Market | 0.34% | |
| Tech | 1.45% | |
| Software | 2.26% | |
| Application Software | 3.01% | |
| Systems Software | 1.67% | |
Industry PE
- Investors are most optimistic about the Application Software industry even though it's trading below its 3-year average PE ratio of 45.0x.
- Analysts are expecting annual earnings growth of 15.9%, which is lower than the prior year's growth of 25.0% per year.
- Investors are most pessimistic about the Systems Software industry, which is trading close to its 3-year average of 14.0x.
Forecasted Growth
- Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 16% over the next 5 years.
- However this is lower than its past earnings growth rate of 25% per year.
- In contrast, the Systems Software industry is expected to see its earnings grow by 8.3% 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 | zł96.20 | 1.9% +zł122.7m | 31.6% | PE12.9x | |
| DAT DataWalk | zł56.60 | 24.3% +zł62.2m | 55.9% | PS13.7x | |
| VRC Vercom | zł127.50 | 2.0% +zł55.4m | 63.0% | PE33.5x | |
| SHO Shoper | zł39.70 | 1.5% +zł16.9m | 20.3% | PE34.1x | |
| PIX Second Chamber | zł0.20 | 32.0% +zł6.6m | 37.5% | PS434.6x |
