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Turkish (BIST) Software Industry Analysis

UpdatedNov 28, 2022
DataAggregated Company Financials
Companies7
  • 7D10.2%
  • 3M76.5%
  • 1Y81.7%
  • YTD90.0%

Over the last 7 days, the Software industry has risen 10%, driven by gains from Hitit Bilgisayar Hizmetleri of 16%. During this same period, the MIA Teknoloji Anonim Sirketi underperformed, falling 16%. This means that the industry has gained 82% over the past year. Earnings are forecast to grow by 27% annually.

Industry Valuation and Performance

Has the Turkish Software Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 29 Nov 2022₺20.4b₺2.6b₺901.5m25x22.6x7.8x
Thu, 27 Oct 2022₺14.7b₺2.2b₺774.9m25.5x18.9x6.7x
Sat, 24 Sep 2022₺11.8b₺1.9b₺691.7m15.6x17x6.3x
Mon, 22 Aug 2022₺11.2b₺1.8b₺684.7m14.2x16.4x6.2x
Wed, 20 Jul 2022₺10.8b₺1.5b₺522.8m17.6x20.6x7x
Fri, 17 Jun 2022₺10.2b₺1.5b₺522.8m17x19.5x6.6x
Sun, 15 May 2022₺10.9b₺1.5b₺490.9m19.2x22.1x7.4x
Tue, 12 Apr 2022₺11.2b₺1.3b₺449.7m20.5x24.9x8.5x
Thu, 10 Mar 2022₺12.2b₺1.3b₺421.6m18.4x28.9x9.3x
Sat, 05 Feb 2022₺11.6b₺1.2b₺286.3m47.4x40.4x9.9x
Mon, 03 Jan 2022₺10.6b₺1.2b₺286.3m43.5x36.9x9.1x
Wed, 01 Dec 2021₺11.6b₺1.2b₺286.3m45.7x40.6x10x
Fri, 29 Oct 2021₺9.1b₺1.2b₺287.1m29.7x31.6x7.8x
Sun, 26 Sep 2021₺8.8b₺1.1b₺269.9m30.2x32.6x7.9x
Tue, 24 Aug 2021₺7.2b₺1.1b₺269.9m31.6x26.5x6.5x
Wed, 30 Jun 2021₺6.1b₺1.1b₺269.9m29.5x22.6x5.5x
Sat, 03 Apr 2021₺5.3b₺686.0m₺179.0m40.8x29.6x7.7x
Tue, 05 Jan 2021₺4.3b₺645.2m₺141.0m39.3x30.5x6.7x
Fri, 09 Oct 2020₺3.4b₺598.3m₺145.6m25.3x23.1x5.6x
Thu, 02 Jul 2020₺2.7b₺563.5m₺127.5m27.8x21.2x4.8x
Sun, 05 Apr 2020₺2.1b₺543.4m₺119.5m18.4x17.6x3.9x
Wed, 08 Jan 2020₺2.1b₺520.8m₺112.7m17x18.7x4x
Price to Earnings Ratio

20.7x


Total Market Cap: ₺1.8bTotal Earnings: ₺85.1mTotal Revenue: ₺454.9mTotal Market Cap vs Earnings and Revenue0%0%0%
Turkish Software Industry Price to Earnings3Y Average 25.5x202020212022
Current Industry PE
  • Investors are pessimistic on the Turkish Software industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 22.6x which is lower than its 3-year average PE of 25.5x.
  • The 3-year average PS ratio of 6.6x is lower than the industry's current PS ratio of 7.8x.
Past Earnings Growth
  • The earnings for companies in the Software industry have grown 120% per year over the last three years.
  • Revenues for these companies have grown 79% 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 industry?

TR Market8.54%
Tech3.51%
Software10.20%
Application Software10.20%
Systems Software0%
Industry PE
  • Investors are most optimistic about the Application Software industry, which is trading close to its 3-year average PE ratio of 24.7x.
    • Analysts are expecting annual earnings growth of 27.2%, which is lower than the prior year's growth of 191.3% per year.
  • Investors are most pessimistic about the Application Software industry, which is trading close to its 3-year average of 24.7x.
Forecasted Growth
  • Analysts are most optimistic on the Application 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 Application 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?

CompanyLast Price7D1YValuation
HTTBT Hitit Bilgisayar Hizmetleri₺31.0816.5%
+₺561.0m
n/aPE166.9x
LOGO Logo Yazilim Sanayi ve Ticaret₺62.553.2%
+₺195.0m
28.3%PE13.9x
ATATP ATP Ticari Bilgisayar Agi ve Elektrik Guc Kaynaklari Uretim Pazarlama ve Ticaret₺28.385.3%
+₺135.0m
6.7%PE25.4x
SMART Smartiks Yazilim₺12.6226.8%
+₺85.1m
139.0%PE50x
LINK Link Bilgisayar Sistemleri Yazilimi ve Donanimi Sanayi ve Ticaret₺67.852.3%
+₺17.0m
120.3%PE18.4x
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Latest News

SMART

₺12.62

Smartiks Yazilim

7D

26.8%

1Y

139.0%

KRONT

₺92.75

Kron Telekomünikasyon Hizmetleri

7D

-10.3%

1Y

138.4%

LOGO

₺62.55

Logo Yazilim Sanayi ve Ticaret

7D

3.2%

1Y

28.3%

MIATK

₺130.40

MIA Teknoloji Anonim Sirketi

7D

-15.7%

1Y

324.2%