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Turkish (BIST) Software Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies8
- 7D-3.2%
- 3M-9.2%
- 1Y9.4%
- YTD15.3%
Over the last 7 days, the Software industry has dropped 2.2%, driven by a pullback from MIA Teknoloji Anonim Sirketi of 3.5%. Meanwhile, Kron Teknoloji actually outperformed within the industry, gaining 6.1% in the last week. This takes the industry's 12 month performance to a gain of 8.8%. Looking forward, earnings are forecast to grow by 95% annually.
Industry Valuation and Performance
Has the Turkish Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | ₺62.2b | ₺9.5b | ₺1.6b | 39.2x | 38.6x | 6.5x |
| Sat, 19 Oct 2024 | ₺61.6b | ₺9.7b | ₺1.4b | 58.6x | 44.7x | 6.4x |
| Mon, 16 Sep 2024 | ₺66.6b | ₺9.0b | ₺1.4b | 47.3x | 46.8x | 7.4x |
| Wed, 14 Aug 2024 | ₺70.0b | ₺8.8b | ₺1.6b | 47.2x | 43.1x | 8x |
| Fri, 12 Jul 2024 | ₺73.4b | ₺8.4b | ₺1.7b | 55.5x | 42.8x | 8.7x |
| Sun, 09 Jun 2024 | ₺69.6b | ₺8.3b | ₺1.6b | 52.2x | 42.5x | 8.4x |
| Tue, 07 May 2024 | ₺77.0b | ₺6.9b | ₺1.2b | 61.7x | 63.7x | 11.2x |
| Thu, 04 Apr 2024 | ₺76.7b | ₺7.5b | ₺1.5b | 46.8x | 50.5x | 10.2x |
| Sat, 02 Mar 2024 | ₺88.6b | ₺5.5b | ₺1.7b | 57x | 53.1x | 16.1x |
| Mon, 29 Jan 2024 | ₺58.5b | ₺5.5b | ₺1.7b | 37.3x | 35.1x | 10.6x |
| Wed, 27 Dec 2023 | ₺45.8b | ₺5.5b | ₺1.7b | 29x | 27.4x | 8.3x |
| Fri, 24 Nov 2023 | ₺57.3b | ₺5.5b | ₺1.7b | 39.8x | 34.3x | 10.4x |
| Sun, 22 Oct 2023 | ₺47.8b | ₺4.8b | ₺1.4b | 27.7x | 33.1x | 10x |
| Tue, 19 Sep 2023 | ₺45.5b | ₺4.8b | ₺1.4b | 19.6x | 31.5x | 9.6x |
| Thu, 17 Aug 2023 | ₺34.7b | ₺4.7b | ₺1.4b | 23.8x | 25.4x | 7.4x |
| Sat, 15 Jul 2023 | ₺30.9b | ₺4.1b | ₺1.2b | 22.4x | 26.6x | 7.6x |
| Mon, 12 Jun 2023 | ₺18.4b | ₺3.7b | ₺1.1b | 15.9x | 16.9x | 5x |
| Wed, 10 May 2023 | ₺15.7b | ₺3.4b | ₺1.1b | 13.7x | 14.6x | 4.7x |
| Fri, 07 Apr 2023 | ₺17.5b | ₺3.2b | ₺1.0b | 16x | 17.2x | 5.5x |
| Sun, 05 Mar 2023 | ₺17.1b | ₺3.1b | ₺973.7m | 17.3x | 17.5x | 5.6x |
| Tue, 31 Jan 2023 | ₺17.1b | ₺2.8b | ₺1.0b | 18.2x | 16.7x | 6.1x |
| Thu, 29 Dec 2022 | ₺19.7b | ₺2.6b | ₺901.5m | 23.8x | 21.9x | 7.6x |
| Sat, 26 Nov 2022 | ₺20.4b | ₺2.6b | ₺901.5m | 25x | 22.6x | 7.8x |
| Mon, 24 Oct 2022 | ₺14.3b | ₺1.9b | ₺691.7m | 21x | 20.7x | 7.6x |
| Wed, 21 Sep 2022 | ₺11.6b | ₺1.9b | ₺691.7m | 14.7x | 16.8x | 6.2x |
| Fri, 19 Aug 2022 | ₺11.2b | ₺1.8b | ₺678.6m | 14.6x | 16.6x | 6.2x |
| Sun, 17 Jul 2022 | ₺10.8b | ₺1.5b | ₺522.8m | 17.6x | 20.6x | 7x |
| Tue, 14 Jun 2022 | ₺10.2b | ₺1.5b | ₺522.8m | 17.4x | 19.5x | 6.6x |
| Thu, 12 May 2022 | ₺10.5b | ₺1.3b | ₺451.4m | 18.8x | 23.3x | 7.9x |
| Sat, 09 Apr 2022 | ₺11.3b | ₺1.3b | ₺449.7m | 20.7x | 25x | 8.5x |
| Mon, 07 Mar 2022 | ₺12.3b | ₺1.3b | ₺421.6m | 17.9x | 29.3x | 9.4x |
| Wed, 02 Feb 2022 | ₺11.2b | ₺1.2b | ₺286.3m | 48.1x | 39.1x | 9.6x |
| Fri, 31 Dec 2021 | ₺10.3b | ₺1.2b | ₺286.3m | 42.4x | 35.9x | 8.8x |
| Sun, 28 Nov 2021 | ₺11.3b | ₺1.2b | ₺286.3m | 43.5x | 39.5x | 9.7x |
Price to Earnings Ratio
39.5x
Current Industry PE
- Investors are optimistic on the Turkish Software industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 40.4x which is higher than its 3-year average PE of 31.6x.
- The 3-year average PS ratio of 8.2x is higher than the industry's current PS ratio of 6.5x.
Past Earnings Growth
- The earnings for companies in the Software industry have grown 79% per year over the last three years.
- Revenues for these companies have grown 106% 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 Market | -1.68% | |
| Tech | -1.52% | |
| Software | -3.17% | |
| Systems Software | 0% | |
| Application Software | -3.17% | |
Industry PE
- Investors are most optimistic about the Application Software industry which is trading above its 3-year average PE ratio of 31.1x.
- Analysts are expecting annual earnings growth of 94.7%, which is higher than its past year's earnings growth of 75.9% per year.
- Investors are most pessimistic about the Application Software industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 31.1x.
Forecasted Growth
- Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 95% over the next 5 years.
- This is better than its past earnings growth rate of 76% per year.
- In contrast, the Application Software industry is expected to see its earnings grow by 95% 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 | |
|---|---|---|---|---|---|
| LINK Link Bilgisayar Sistemleri Yazilimi ve Donanimi Sanayi ve Ticaret | ₺498.00 | 1.0% +₺52.2m | 138.6% | PE176.9x | |
| KRONT Kron Teknoloji | ₺21.88 | 1.7% +₺30.8m | 36.1% | PE128x | |
| FORTE Forte Bilgi Iletisim Teknolojileri ve Savunma Sanayi | ₺47.54 | 0.4% +₺13.4m | -37.5% | PS3.1x |