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Turkish (BIST) Tech Sector Analysis
UpdatedJan 21, 2025
DataAggregated Company Financials
Companies33
- 7D2.5%
- 3M12.6%
- 1Y-11.0%
- YTD1.0%
In the last week, the Tech industry is up 1.7%, with Alfa Solar Enerji Sanayi ve Ticaret up 12%. During this same period, the Forte Bilgi Iletisim Teknolojileri ve Savunma Sanayi underperformed, falling 13%. In contrast, the industry has lost 13% in the last 12 months. Looking forward, earnings are forecast to grow by 100% 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 |
|---|---|---|---|---|---|---|
| Tue, 21 Jan 2025 | ₺237.0b | ₺189.5b | ₺3.8b | 46.3x | 61.9x | 1.3x |
| Thu, 19 Dec 2024 | ₺230.4b | ₺189.5b | ₺3.8b | 45.7x | 60.1x | 1.2x |
| Sat, 16 Nov 2024 | ₺200.1b | ₺195.2b | ₺2.4b | 43.6x | 81.8x | 1x |
| Mon, 14 Oct 2024 | ₺201.7b | ₺192.7b | ₺4.2b | 34.7x | 48x | 1x |
| Wed, 11 Sep 2024 | ₺236.3b | ₺195.9b | ₺6.8b | 36.9x | 34.8x | 1.2x |
| Fri, 09 Aug 2024 | ₺262.3b | ₺199.6b | ₺7.2b | 34.9x | 36.6x | 1.3x |
| Sun, 07 Jul 2024 | ₺263.0b | ₺199.6b | ₺7.2b | 33.6x | 36.7x | 1.3x |
| Tue, 04 Jun 2024 | ₺262.9b | ₺198.3b | ₺6.9b | 32.5x | 38.2x | 1.3x |
| Thu, 02 May 2024 | ₺315.6b | ₺158.7b | ₺8.1b | 38.4x | 38.9x | 2x |
| Sat, 30 Mar 2024 | ₺316.2b | ₺151.0b | ₺8.2b | 36x | 38.8x | 2.1x |
| Mon, 26 Feb 2024 | ₺362.3b | ₺143.3b | ₺9.0b | 40.1x | 40.4x | 2.5x |
| Wed, 24 Jan 2024 | ₺236.5b | ₺140.3b | ₺8.9b | 27.4x | 26.6x | 1.7x |
| Fri, 22 Dec 2023 | ₺222.0b | ₺140.7b | ₺8.9b | 24.9x | 24.8x | 1.6x |
| Sun, 19 Nov 2023 | ₺256.5b | ₺140.7b | ₺8.9b | 28.1x | 28.7x | 1.8x |
| Tue, 17 Oct 2023 | ₺228.8b | ₺119.1b | ₺7.6b | 24.9x | 30.2x | 1.9x |
| Thu, 14 Sep 2023 | ₺222.0b | ₺117.6b | ₺7.0b | 19.4x | 31.6x | 1.9x |
| Sat, 12 Aug 2023 | ₺205.2b | ₺108.7b | ₺6.5b | 20.6x | 31.7x | 1.9x |
| Mon, 10 Jul 2023 | ₺138.8b | ₺102.9b | ₺6.0b | 14.6x | 23.1x | 1.3x |
| Wed, 07 Jun 2023 | ₺125.8b | ₺107.3b | ₺6.8b | 14.1x | 18.6x | 1.2x |
| Fri, 05 May 2023 | ₺87.9b | ₺89.1b | ₺5.4b | 12.7x | 16.2x | 1x |
| Sun, 02 Apr 2023 | ₺96.6b | ₺88.3b | ₺5.3b | 14.4x | 18.1x | 1.1x |
| Tue, 28 Feb 2023 | ₺98.2b | ₺68.6b | ₺2.7b | 15.3x | 36.2x | 1.4x |
| Thu, 26 Jan 2023 | ₺105.7b | ₺64.1b | ₺2.7b | 16.5x | 39.8x | 1.7x |
| Sat, 24 Dec 2022 | ₺130.3b | ₺63.9b | ₺2.5b | 23x | 51.4x | 2x |
| Mon, 21 Nov 2022 | ₺119.7b | ₺62.0b | ₺2.5b | 18.4x | 48.2x | 1.9x |
| Wed, 19 Oct 2022 | ₺82.6b | ₺50.8b | ₺1.9b | 16.1x | 44x | 1.6x |
| Fri, 16 Sep 2022 | ₺57.0b | ₺50.8b | ₺1.9b | 13.2x | 30.4x | 1.1x |
| Sun, 14 Aug 2022 | ₺54.7b | ₺45.4b | ₺1.7b | 14.2x | 32.6x | 1.2x |
| Tue, 12 Jul 2022 | ₺50.5b | ₺43.0b | ₺1.6b | 13.9x | 30.7x | 1.2x |
| Thu, 09 Jun 2022 | ₺51.8b | ₺43.0b | ₺1.6b | 14.1x | 31.5x | 1.2x |
| Sat, 07 May 2022 | ₺44.6b | ₺38.0b | ₺1.4b | 18.8x | 32.1x | 1.2x |
| Mon, 04 Apr 2022 | ₺44.1b | ₺36.6b | ₺1.3b | 19x | 33.3x | 1.2x |
| Wed, 02 Mar 2022 | ₺40.1b | ₺37.2b | ₺1.0b | 16.1x | 38.6x | 1.1x |
| Fri, 28 Jan 2022 | ₺43.2b | ₺36.4b | ₺923.0m | 22.3x | 46.8x | 1.2x |
Price to Earnings Ratio
46.8x
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 61.4x which is higher than its 3-year average PE of 37.1x.
- 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 | 2.26% | |
| Tech | 2.47% | |
| Semiconductors | 6.32% | |
| Communications | 2.28% | |
| IT | 2.20% | |
| Electronic Equipment and Components | 1.85% | |
| Software | 0.73% | |
| Tech Hardware | 0.21% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 56.2x.
- 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 100% 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 100% 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 | |
|---|---|---|---|---|---|
| ALFAS Alfa Solar Enerji Sanayi ve Ticaret | ₺84.85 | 14.7% +₺4.0b | -8.1% | PE377.2x | |
| ATATP ATP Yazilim ve Teknoloji Anonim Sirketi | ₺115.00 | 2.9% +₺300.0m | -14.2% | PE37.3x | |
| ARDYZ Ard Grup Bilisim Teknolojileri Anonim Sirketi | ₺39.74 | 3.9% +₺251.6m | 8.3% | PE60.8x | |
| KFEIN Kafein Yazilim Hizmetleri Ticaret | ₺105.00 | 12.4% +₺226.2m | 14.3% | PE16.6x | |
| KRONT Kron Teknoloji | ₺23.16 | 11.9% +₺210.6m | 49.9% | PE135.5x |