Turkish (BIST) Tech Sector Analysis
UpdatedDec 04, 2022
DataAggregated Company Financials
Companies29
- 7D9.2%
- 3M118.6%
- 1Y97.6%
- YTD163.8%
The Tech industry is up 9.2% in the last week, with Smart Gunes Enerjisi Teknolojileri Arastirma Gelistirme Uretim Sanayi ve Ticaret up 22%. During this same period, the MIA Teknoloji Anonim Sirketi underperformed, falling 7.1%. In the last 12 months, the industry was up 98%. Earnings are forecast to grow by 27% 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, 04 Dec 2022 | ₺135.3b | ₺62.3b | ₺2.5b | 19.6x | 53.7x | 2.2x |
| Tue, 01 Nov 2022 | ₺98.0b | ₺52.4b | ₺2.1b | 17.7x | 45.9x | 1.9x |
| Thu, 29 Sep 2022 | ₺61.1b | ₺50.8b | ₺1.9b | 13.5x | 32.5x | 1.2x |
| Sat, 27 Aug 2022 | ₺55.2b | ₺50.7b | ₺1.8b | 13.4x | 29.9x | 1.1x |
| Mon, 25 Jul 2022 | ₺52.4b | ₺43.0b | ₺1.6b | 14.3x | 31.8x | 1.2x |
| Wed, 22 Jun 2022 | ₺50.6b | ₺43.0b | ₺1.6b | 14.4x | 30.8x | 1.2x |
| Fri, 20 May 2022 | ₺47.1b | ₺41.4b | ₺1.6b | 14.4x | 29.1x | 1.1x |
| Sun, 17 Apr 2022 | ₺44.3b | ₺36.7b | ₺1.4b | 20.7x | 32.2x | 1.2x |
| Tue, 15 Mar 2022 | ₺40.3b | ₺36.7b | ₺1.4b | 18.2x | 29.8x | 1.1x |
| Thu, 10 Feb 2022 | ₺42.9b | ₺36.4b | ₺923.0m | 23.6x | 46.4x | 1.2x |
| Sat, 08 Jan 2022 | ₺43.8b | ₺36.4b | ₺923.0m | 20.8x | 47.5x | 1.2x |
| Mon, 06 Dec 2021 | ₺43.2b | ₺36.4b | ₺923.0m | 24.5x | 46.8x | 1.2x |
| Wed, 03 Nov 2021 | ₺30.8b | ₺35.4b | ₺807.8m | 22.4x | 38.2x | 0.9x |
| Fri, 01 Oct 2021 | ₺28.6b | ₺35.3b | ₺801.7m | 23.2x | 35.7x | 0.8x |
| Sun, 29 Aug 2021 | ₺23.0b | ₺35.3b | ₺801.7m | 23.9x | 28.7x | 0.7x |
| Mon, 05 Jul 2021 | ₺18.7b | ₺35.3b | ₺801.7m | 20.3x | 23.3x | 0.5x |
| Thu, 08 Apr 2021 | ₺18.5b | ₺28.1b | ₺668.4m | 28.4x | 27.7x | 0.7x |
| Sun, 10 Jan 2021 | ₺15.8b | ₺25.9b | ₺612.7m | 23.3x | 25.7x | 0.6x |
| Sat, 03 Oct 2020 | ₺13.2b | ₺22.9b | ₺526.6m | 20.7x | 25x | 0.6x |
| Tue, 07 Jul 2020 | ₺9.5b | ₺19.5b | ₺550.1m | 19.2x | 17.3x | 0.5x |
| Fri, 10 Apr 2020 | ₺6.9b | ₺17.5b | ₺356.1m | 14.7x | 19.4x | 0.4x |
| Thu, 02 Jan 2020 | ₺6.5b | ₺15.4b | ₺237.5m | 13.4x | 27.5x | 0.4x |
Price to Earnings Ratio
27.5x
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 53.7x which is higher than its 3-year average PE of 30.3x.
- The 3-year average PS ratio of 0.83x is lower than the industry's current PS ratio of 2.2x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 120% per year over the last three years.
- Revenues for these companies have grown 59% 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 | 3.33% | |
| Tech | 9.25% | |
| Semiconductors | 28.42% | |
| IT | 8.72% | |
| Tech Hardware | 6.47% | |
| Communications | 5.82% | |
| Electronic Equipment and Components | 0.71% | |
| Software | -2.11% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 33.4x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Tech Hardware industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 11.5x.
Forecasted Growth
- Analysts are most optimistic on the Software industry, expecting annual earnings growth of 27% over the next 5 years.
- However this is lower than its past earnings growth rate of 191% per year.
- In contrast, the Software industry is expected to see its earnings grow by 27% 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 | |
|---|---|---|---|---|---|
| SMRTG Smart Gunes Enerjisi Teknolojileri Arastirma Gelistirme Uretim Sanayi ve Ticaret | ₺121.80 | 22.3% +₺6.8b | n/a | PE194.2x | |
| ALFAS Alfa Solar Enerji Sanayi ve Ticaret | ₺201.30 | 60.9% +₺3.5b | n/a | n/a | |
| KAREL Karel Elektronik Sanayi Ve Ticaret | ₺39.86 | 10.5% +₺756.0m | 233.3% | PE2974.6x | |
| VBTYZ VBT Yazilim Anonim Sirketi | ₺72.20 | 35.0% +₺486.2m | 209.1% | n/a | |
| MOBTL Mobiltel Iletisim Hizmetleri Sanayi ve Ticaret | ₺4.83 | 9.0% +₺410.0m | 184.1% | n/a |