Turkish (BIST) Software Industry Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies8
- 7D2.9%
- 3M30.5%
- 1Y309.7%
- YTD41.5%
The Software industry is up 2.9% in the last week, with ATP Yazilim ve Teknoloji Anonim Sirketi up 6.3%. This means that the industry has gained 310% over the past year. Looking forward, earnings are forecast to grow by 79% 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 |
|---|---|---|---|---|---|---|
| Fri, 26 Apr 2024 | ₺76.3b | ₺6.7b | ₺1.3b | 62.6x | 60.2x | 11.3x |
| Sun, 24 Mar 2024 | ₺77.9b | ₺7.5b | ₺1.5b | 49.3x | 51.3x | 10.4x |
| Tue, 20 Feb 2024 | ₺76.9b | ₺5.5b | ₺1.7b | 52x | 46.1x | 14x |
| Thu, 18 Jan 2024 | ₺53.7b | ₺5.5b | ₺1.7b | 33.1x | 32.2x | 9.8x |
| Sat, 16 Dec 2023 | ₺50.8b | ₺5.5b | ₺1.7b | 33.7x | 30.5x | 9.2x |
| Mon, 13 Nov 2023 | ₺54.5b | ₺5.5b | ₺1.7b | 30x | 32.9x | 9.9x |
| Wed, 11 Oct 2023 | ₺53.4b | ₺4.8b | ₺1.4b | 34.5x | 37x | 11.2x |
| Fri, 08 Sep 2023 | ₺44.9b | ₺4.8b | ₺1.4b | 22.5x | 31.1x | 9.4x |
| Sun, 06 Aug 2023 | ₺36.2b | ₺4.2b | ₺1.2b | 25.2x | 30.9x | 8.6x |
| Tue, 04 Jul 2023 | ₺22.8b | ₺3.7b | ₺1.1b | 17.8x | 20.9x | 6.2x |
| Thu, 01 Jun 2023 | ₺16.8b | ₺3.7b | ₺1.1b | 14.1x | 15.4x | 4.5x |
| Sat, 29 Apr 2023 | ₺16.8b | ₺3.3b | ₺1.1b | 14.3x | 15.5x | 5x |
| Mon, 27 Mar 2023 | ₺18.4b | ₺3.2b | ₺1.0b | 16.1x | 18x | 5.7x |
| Wed, 22 Feb 2023 | ₺15.7b | ₺2.8b | ₺1.0b | 15.9x | 15.4x | 5.6x |
| Fri, 20 Jan 2023 | ₺18.8b | ₺2.6b | ₺901.5m | 20.3x | 20.8x | 7.2x |
| Sun, 18 Dec 2022 | ₺20.0b | ₺2.6b | ₺901.5m | 24.2x | 22.1x | 7.7x |
| Tue, 15 Nov 2022 | ₺17.7b | ₺2.6b | ₺901.5m | 21.5x | 19.7x | 6.8x |
| Thu, 13 Oct 2022 | ₺12.7b | ₺1.9b | ₺691.7m | 18.7x | 18.3x | 6.8x |
| Sat, 10 Sep 2022 | ₺12.1b | ₺1.8b | ₺684.9m | 15.3x | 17.7x | 6.7x |
| Mon, 08 Aug 2022 | ₺11.3b | ₺1.5b | ₺522.8m | 19.5x | 21.6x | 7.4x |
| Wed, 06 Jul 2022 | ₺10.0b | ₺1.5b | ₺522.8m | 16.4x | 19.1x | 6.5x |
| Fri, 03 Jun 2022 | ₺10.5b | ₺1.5b | ₺522.8m | 17.9x | 20x | 6.8x |
| Sun, 01 May 2022 | ₺10.7b | ₺1.3b | ₺449.7m | 19.2x | 23.7x | 8.1x |
| Tue, 29 Mar 2022 | ₺11.8b | ₺1.3b | ₺421.4m | 22.6x | 28x | 8.9x |
| Thu, 24 Feb 2022 | ₺11.0b | ₺1.3b | ₺377.2m | 26.9x | 29.3x | 8.7x |
| Sat, 22 Jan 2022 | ₺11.3b | ₺1.2b | ₺286.3m | 46.6x | 39.6x | 9.7x |
| Mon, 20 Dec 2021 | ₺10.9b | ₺1.2b | ₺286.3m | 43.4x | 38x | 9.3x |
| Wed, 17 Nov 2021 | ₺9.0b | ₺1.2b | ₺279.5m | 40.9x | 32.3x | 7.8x |
| Fri, 15 Oct 2021 | ₺8.9b | ₺1.1b | ₺269.9m | 29.3x | 33x | 8x |
| Sun, 12 Sep 2021 | ₺8.0b | ₺1.1b | ₺269.9m | 32.3x | 29.6x | 7.2x |
| Tue, 10 Aug 2021 | ₺6.8b | ₺1.1b | ₺269.9m | 32.4x | 25.3x | 6.2x |
| Mon, 03 May 2021 | ₺6.2b | ₺822.1m | ₺202.4m | 30.9x | 30.5x | 7.5x |
Price to Earnings Ratio
30.5x
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 60.2x which is higher than its 3-year average PE of 27.6x.
- The 3-year average PS ratio of 8.0x is lower than the industry's current PS ratio of 11.3x.
Past Earnings Growth
- The earnings for companies in the Software industry have grown 84% per year over the last three years.
- Revenues for these companies have grown 102% 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 | 3.75% | |
| Tech | 2.83% | |
| Software | 2.88% | |
| Application Software | 2.88% | |
| Systems Software | 0% | |
Industry PE
- Investors are most optimistic about the Application Software industry which is trading above its 3-year average PE ratio of 26.7x.
- Analysts are expecting annual earnings growth of 79.2%, which is higher than its past year's earnings growth of 66.0% 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 26.7x.
Forecasted Growth
- Analysts are most optimistic on the Application 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 Application 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 | |
|---|---|---|---|---|---|
| ATATP ATP Yazilim ve Teknoloji Anonim Sirketi | ₺153.00 | 6.3% +₺853.1m | 836.9% | PE70.1x | |
| LOGO Logo Yazilim Sanayi ve Ticaret | ₺91.60 | 7.4% +₺635.0m | 54.9% | PE65.4x | |
| HTTBT Hitit Bilgisayar Hizmetleri | ₺73.00 | 4.4% +₺388.9m | 153.8% | PE70.4x | |
| SMART Smartiks Yazilim | ₺47.28 | 15.5% +₺202.6m | 522.1% | PE32.2x | |
| KRONT Kron Teknoloji | ₺25.00 | 4.6% +₺94.2m | 42.9% | PE40.5x |