Turkish (BIST) Tech Sector Analysis
UpdatedApr 27, 2024
DataAggregated Company Financials
Companies34
- 7D1.5%
- 3M18.6%
- 1Y140.2%
- YTD37.1%
Over the last 7 days, the Tech industry has risen 1.5%, driven by gains from Odine Solutions Teknoloji Ticaret ve Sanayi of 16%. In the same time, Aztek Teknoloji Urunleri Ticaret Anonim Sirketi was down 7.7%. This takes the industry's 12 month performance to a gain of 140%. Earnings are forecast to grow by 79% 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, 28 Apr 2024 | ₺324.0b | ₺158.7b | ₺8.1b | 40.1x | 39.9x | 2x |
| Tue, 26 Mar 2024 | ₺317.0b | ₺151.0b | ₺8.2b | 36.7x | 38.9x | 2.1x |
| Thu, 22 Feb 2024 | ₺345.3b | ₺143.3b | ₺9.0b | 37.1x | 38.5x | 2.4x |
| Sat, 20 Jan 2024 | ₺236.0b | ₺140.3b | ₺8.9b | 26.9x | 26.6x | 1.7x |
| Mon, 18 Dec 2023 | ₺230.0b | ₺140.7b | ₺8.9b | 26.1x | 25.7x | 1.6x |
| Wed, 15 Nov 2023 | ₺252.1b | ₺141.8b | ₺9.1b | 27.5x | 27.8x | 1.8x |
| Fri, 13 Oct 2023 | ₺245.2b | ₺118.8b | ₺7.5b | 25.1x | 32.6x | 2.1x |
| Sun, 10 Sep 2023 | ₺216.3b | ₺117.6b | ₺7.0b | 20.9x | 30.8x | 1.8x |
| Tue, 08 Aug 2023 | ₺203.0b | ₺104.4b | ₺6.3b | 18.4x | 32.4x | 1.9x |
| Thu, 06 Jul 2023 | ₺129.2b | ₺102.9b | ₺6.0b | 14.6x | 21.5x | 1.3x |
| Sat, 03 Jun 2023 | ₺122.6b | ₺107.3b | ₺6.8b | 13.5x | 18.2x | 1.1x |
| Mon, 01 May 2023 | ₺95.7b | ₺88.5b | ₺5.4b | 13.4x | 17.8x | 1.1x |
| Wed, 29 Mar 2023 | ₺98.4b | ₺88.3b | ₺5.3b | 15x | 18.5x | 1.1x |
| Fri, 24 Feb 2023 | ₺97.9b | ₺67.8b | ₺2.7b | 14.8x | 36.7x | 1.4x |
| Sun, 22 Jan 2023 | ₺113.7b | ₺63.9b | ₺2.5b | 20.1x | 44.8x | 1.8x |
| Tue, 20 Dec 2022 | ₺129.2b | ₺63.9b | ₺2.5b | 22.8x | 51x | 2x |
| Thu, 17 Nov 2022 | ₺124.0b | ₺61.9b | ₺2.5b | 18.6x | 50.4x | 2x |
| Sat, 15 Oct 2022 | ₺74.2b | ₺50.8b | ₺1.9b | 16.2x | 39.5x | 1.5x |
| Mon, 12 Sep 2022 | ₺57.6b | ₺50.7b | ₺1.9b | 13.5x | 31x | 1.1x |
| Wed, 10 Aug 2022 | ₺55.1b | ₺43.0b | ₺1.6b | 15.4x | 33.4x | 1.3x |
| Fri, 08 Jul 2022 | ₺49.7b | ₺43.0b | ₺1.6b | 13.8x | 30.2x | 1.2x |
| Sun, 05 Jun 2022 | ₺51.6b | ₺43.0b | ₺1.6b | 14.1x | 31.3x | 1.2x |
| Tue, 03 May 2022 | ₺43.8b | ₺37.4b | ₺1.4b | 19x | 31.7x | 1.2x |
| Thu, 31 Mar 2022 | ₺43.9b | ₺36.6b | ₺1.3b | 19.1x | 33.2x | 1.2x |
| Sat, 26 Feb 2022 | ₺37.2b | ₺36.5b | ₺1.1b | 17.6x | 34.5x | 1x |
| Mon, 24 Jan 2022 | ₺41.4b | ₺36.4b | ₺923.0m | 21.9x | 44.9x | 1.1x |
| Wed, 22 Dec 2021 | ₺40.1b | ₺36.4b | ₺923.0m | 20.8x | 43.4x | 1.1x |
| Fri, 19 Nov 2021 | ₺28.4b | ₺36.4b | ₺930.2m | 21.1x | 30.6x | 0.8x |
| Sun, 17 Oct 2021 | ₺28.4b | ₺35.3b | ₺801.7m | 22.7x | 35.4x | 0.8x |
| Tue, 14 Sep 2021 | ₺26.4b | ₺35.3b | ₺801.7m | 25x | 33x | 0.7x |
| Thu, 12 Aug 2021 | ₺22.4b | ₺35.3b | ₺801.7m | 24x | 28x | 0.6x |
| Mon, 07 Jun 2021 | ₺18.2b | ₺32.9b | ₺722.3m | 25.1x | 25.2x | 0.6x |
Price to Earnings Ratio
27.1x
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 39.9x which is higher than its 3-year average PE of 34.0x.
- The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 127% per year over the last three years.
- Revenues for these companies have grown 78% 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 | 3.05% | |
| Tech | 1.50% | |
| IT | 5.91% | |
| Tech Hardware | 2.42% | |
| Software | 1.41% | |
| Communications | 1.26% | |
| Semiconductors | 0.74% | |
| Electronic Equipment and Components | -0.75% | |
Industry PE
- Investors are most optimistic about the Software industry which is trading above its 3-year average PE ratio of 27.6x.
- Analysts are expecting annual earnings growth of 79.2%, which is higher than its past year's earnings growth of 66.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Software industry, expecting annual earnings growth of 79% 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 79% 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 | ₺91.95 | 15.5% +₺1.4b | n/a | PE40.6x | |
| REEDR Reeder Teknoloji Sanayi ve Ticaret Anonim Sirketi | ₺43.96 | 1.7% +₺703.0m | n/a | PE63.1x | |
| SMRTG Smart Günes Enerjisi Teknolojileri Arastirma ve Gelistirme Üretim Sanayi ve Ticaret | ₺56.80 | 2.0% +₺666.5m | 60.7% | PE42.8x | |
| HTTBT Hitit Bilgisayar Hizmetleri | ₺75.85 | 6.9% +₺624.8m | 161.7% | PE73.2x | |
| LOGO Logo Yazilim Sanayi ve Ticaret | ₺90.05 | 6.3% +₺535.0m | 51.3% | PE64.2x |