Turkish (BIST) Tech Sector Analysis
- 7D5.8%
- 3M63.3%
- 1Y43.6%
- YTD93.6%
Over the last 7 days, the Tech industry has risen 5.2%, driven by gains from Penta Teknoloji Urunleri Dagitim Ticaret of 11%. Meanwhile, ATP Ticari Bilgisayar Agi ve Elektrik Guc Kaynaklari Uretim Pazarlama ve Ticaret actually underperformed within the industry, shrinking 9.1% in the last week. This takes the industry's 12 month performance to a gain of 43%.
Sector Valuation and Performance
Has the Turkish Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Thu, 09 Dec 2021 | ₺43.4b | ₺36.4b | ₺923.0m | 24.3x |
| Sat, 06 Nov 2021 | ₺30.8b | ₺35.4b | ₺833.7m | 22.5x |
| Mon, 04 Oct 2021 | ₺28.5b | ₺35.3b | ₺801.7m | 23.2x |
| Wed, 01 Sep 2021 | ₺23.5b | ₺35.3b | ₺801.7m | 24.3x |
| Thu, 08 Jul 2021 | ₺18.7b | ₺35.3b | ₺801.7m | 20.3x |
| Wed, 31 Mar 2021 | ₺18.5b | ₺28.1b | ₺668.4m | 28.4x |
| Sat, 02 Jan 2021 | ₺15.8b | ₺25.9b | ₺612.7m | 23.3x |
| Tue, 06 Oct 2020 | ₺13.2b | ₺22.9b | ₺526.6m | 20.7x |
| Fri, 10 Jul 2020 | ₺9.5b | ₺19.5b | ₺550.1m | 19.2x |
| Thu, 02 Apr 2020 | ₺6.9b | ₺17.5b | ₺356.1m | 14.7x |
| Sun, 05 Jan 2020 | ₺6.5b | ₺15.4b | ₺237.5m | 13.4x |
| Wed, 09 Oct 2019 | ₺4.1b | ₺13.2b | ₺332.5m | 10.5x |
| Tue, 02 Jul 2019 | ₺3.6b | ₺12.6b | ₺191.4m | 8.4x |
| Fri, 05 Apr 2019 | ₺3.6b | ₺12.0b | ₺238.9m | 10.6x |
| Mon, 07 Jan 2019 | ₺2.9b | ₺11.9b | ₺270.4m | 7.2x |
7.2x
Current Industry PE: Investors are more optimistic on the industry, considering it's trading at a PE ratio of 24.3x which is higher than its 3-year average PE of 17.6x. It appears they are confident that earnings will grow faster in the future than they have historically.
Past Earnings Growth: The earnings for companies in the Information Technology industry have grown 51% per year over the last three years, and revenues for these companies have grown 45% 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?
| Tech Hardware | 12.90% | |
| Electronic Equipment and Components | 9.53% | |
| Communications | 8.48% | |
| IT | 0.30% | |
| Software | -1.57% | |
Industry PE: Investors are most optimistic about the Software industry which is trading above its 3-year average PE ratio of 25.0x. This is likely because analysts are expecting annual earnings growth of 23%, which is higher than its past year's earnings growth of 19% per year. Meanwhile, investors are most pessimistic about the Tech Hardware industry, which is trading below its 3-year average of 27.3x.
Forecasted Growth: Analysts are most optimistic on the Electronic Equipment and Components industry, expecting annual earnings growth of 26% over the next 5 years. This is better than it's past earnings growth rate of 5.4% per year. Meanwhile, the Software industry is expected to see its earnings grow by 23% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | 7D | 1Y | Valuation | |
|---|---|---|---|---|
| PENTA Penta Teknoloji Urunleri Dagitim Ticaret | 12.1%+₺1.7b | n/a | PE133.1x | |
| KAREL Karel Elektronik Sanayi Ve Ticaret | 9.9%+₺228.0m | 116.9% | PE16.4x | |
| INDES Indeks Bilgisayar Sistemleri Mühendislik Sanayi ve Ticaret Anonim Sirketi | 11.4%+₺190.4m | 105.2% | PE10.5x | |
| ARENA Arena Bilgisayar Sanayi ve Ticaret | 7.4%+₺88.0m | 15.9% | PE20.2x | |
| YEOTK Yeo Teknoloji Enerji Ve Endustri Anonim Sirketi | 6.0%+₺85.2m | n/a | n/a |