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Turkish (BIST) Tech Sector Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies33
- 7D-1.0%
- 3M-4.0%
- 1Y-8.7%
- YTD-2.3%
The Tech is pretty flat in the last 7 days, but Odine Solutions Teknoloji Ticaret ve Sanayi has stood out, gaining 24%. As for the longer term, the industry has declined 8.7% in the last year. Looking forward, earnings are forecast to grow by 95% annually.
Sector Valuation and Performance
Has the Turkish Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | ₺227.9b | ₺189.5b | ₺3.8b | 47.2x | 59.5x | 1.2x |
| Tue, 19 Nov 2024 | ₺220.7b | ₺199.4b | ₺3.5b | 43.8x | 63.5x | 1.1x |
| Thu, 17 Oct 2024 | ₺204.9b | ₺192.7b | ₺4.2b | 36.8x | 48.7x | 1.1x |
| Sat, 14 Sep 2024 | ₺234.0b | ₺196.3b | ₺6.7b | 35x | 35.2x | 1.2x |
| Mon, 12 Aug 2024 | ₺256.3b | ₺202.2b | ₺7.2b | 36.9x | 35.7x | 1.3x |
| Wed, 10 Jul 2024 | ₺271.0b | ₺199.6b | ₺7.2b | 35.5x | 37.8x | 1.4x |
| Fri, 07 Jun 2024 | ₺277.0b | ₺199.6b | ₺7.5b | 30.7x | 37.1x | 1.4x |
| Sun, 05 May 2024 | ₺324.9b | ₺161.6b | ₺8.3b | 38x | 39.3x | 2x |
| Tue, 02 Apr 2024 | ₺316.5b | ₺158.3b | ₺8.1b | 36.3x | 39x | 2x |
| Thu, 29 Feb 2024 | ₺362.1b | ₺143.3b | ₺9.0b | 39.6x | 40.4x | 2.5x |
| Sat, 27 Jan 2024 | ₺248.9b | ₺140.3b | ₺8.9b | 27.7x | 28x | 1.8x |
| Mon, 25 Dec 2023 | ₺212.0b | ₺140.7b | ₺8.9b | 23.8x | 23.7x | 1.5x |
| Wed, 22 Nov 2023 | ₺254.2b | ₺140.7b | ₺8.9b | 28.7x | 28.5x | 1.8x |
| Fri, 20 Oct 2023 | ₺233.6b | ₺119.1b | ₺7.6b | 25.2x | 30.9x | 2x |
| Sun, 17 Sep 2023 | ₺218.7b | ₺117.6b | ₺7.0b | 20x | 31.1x | 1.9x |
| Tue, 15 Aug 2023 | ₺211.4b | ₺110.1b | ₺6.5b | 20.4x | 32.6x | 1.9x |
| Thu, 13 Jul 2023 | ₺146.3b | ₺102.9b | ₺6.0b | 15.5x | 24.4x | 1.4x |
| Sat, 10 Jun 2023 | ₺130.4b | ₺107.3b | ₺6.8b | 13.8x | 19.2x | 1.2x |
| Mon, 08 May 2023 | ₺100.8b | ₺92.9b | ₺5.4b | 10.9x | 18.5x | 1.1x |
| Wed, 05 Apr 2023 | ₺96.0b | ₺88.3b | ₺5.3b | 14.2x | 18x | 1.1x |
| Fri, 03 Mar 2023 | ₺107.8b | ₺68.8b | ₺2.7b | 16.2x | 40.2x | 1.6x |
| Sun, 29 Jan 2023 | ₺102.9b | ₺64.1b | ₺2.7b | 16.3x | 38.7x | 1.6x |
| Tue, 27 Dec 2022 | ₺130.8b | ₺63.9b | ₺2.5b | 23.2x | 51.6x | 2x |
| Thu, 24 Nov 2022 | ₺128.3b | ₺62.3b | ₺2.5b | 19x | 50.9x | 2.1x |
| Sat, 22 Oct 2022 | ₺98.8b | ₺51.9b | ₺2.0b | 17.3x | 48.6x | 1.9x |
| Mon, 19 Sep 2022 | ₺58.4b | ₺50.8b | ₺1.9b | 13.2x | 31.1x | 1.2x |
| Wed, 17 Aug 2022 | ₺53.8b | ₺45.9b | ₺1.7b | 13.5x | 31.9x | 1.2x |
| Fri, 15 Jul 2022 | ₺51.2b | ₺43.0b | ₺1.6b | 14.3x | 31.1x | 1.2x |
| Sun, 12 Jun 2022 | ₺48.1b | ₺43.0b | ₺1.6b | 13.5x | 29.2x | 1.1x |
| Tue, 10 May 2022 | ₺45.0b | ₺38.0b | ₺1.4b | 18.7x | 32.4x | 1.2x |
| Thu, 07 Apr 2022 | ₺43.7b | ₺36.6b | ₺1.3b | 19x | 33x | 1.2x |
| Sat, 05 Mar 2022 | ₺42.1b | ₺38.1b | ₺1.4b | 15.9x | 30.8x | 1.1x |
| Mon, 31 Jan 2022 | ₺43.0b | ₺36.4b | ₺923.0m | 23.1x | 46.5x | 1.2x |
| Wed, 29 Dec 2021 | ₺38.9b | ₺36.4b | ₺923.0m | 20.3x | 42.1x | 1.1x |
Price to Earnings Ratio
42.1x
Current Industry PE
- Investors are optimistic on the Turkish Information Technology industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 59.5x which is higher than its 3-year average PE of 36.7x.
- The 3-year average PS ratio of 1.5x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 61% per year over the last three years.
- Revenues for these companies have grown 73% 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 Turkish Tech sector?
| TR Market | -3.37% | |
| Tech | -0.99% | |
| IT | 6.00% | |
| Semiconductors | 1.52% | |
| Communications | 0.45% | |
| Tech Hardware | -3.65% | |
| Software | -3.80% | |
| Electronic Equipment and Components | -4.18% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 55.1x.
- 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 Software industry, expecting annual earnings growth of 95% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Software industry is expected to see its earnings grow by 95% 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 | |
|---|---|---|---|---|---|
| ODINE Odine Solutions Teknoloji Ticaret ve Sanayi | ₺124.00 | 23.9% +₺2.6b | n/a | PE55.2x | |
| HTTBT Hitit Bilgisayar Hizmetleri | ₺45.44 | 9.2% +₺1.1b | 89.4% | PE57.4x | |
| ALFAS Alfa Solar Enerji Sanayi ve Ticaret | ₺62.95 | 5.1% +₺1.1b | -27.6% | PE279.9x | |
| KAREL Karel Elektronik Sanayi Ve Ticaret | ₺10.21 | 3.7% +₺290.1m | -57.3% | PS0.9x | |
| ARENA Arena Bilgisayar Sanayi ve Ticaret | ₺32.10 | 7.0% +₺210.0m | -6.4% | PS0.1x |