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Turkish (BIST) Software Industry Analysis

UpdatedFeb 24, 2024
DataAggregated Company Financials
Companies8
  • 7D11.3%
  • 3M43.3%
  • 1Y338.6%
  • YTD52.6%

In the last week, the Software industry is up 11%, with MIA Teknoloji Anonim Sirketi up 23%. In the last 12 months, the industry was up 339%. Earnings are forecast to grow by 47% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 24 Feb 2024₺82.3b₺5.5b₺1.7b55.1x49.3x15x
Mon, 22 Jan 2024₺54.4b₺5.5b₺1.7b34.7x32.6x9.9x
Wed, 20 Dec 2023₺49.6b₺5.5b₺1.7b31.5x29.7x9x
Fri, 17 Nov 2023₺59.7b₺5.5b₺1.7b33x36x10.9x
Sun, 15 Oct 2023₺48.7b₺4.8b₺1.4b33.4x33.7x10.2x
Tue, 12 Sep 2023₺43.4b₺4.8b₺1.4b20.7x30.1x9.1x
Thu, 10 Aug 2023₺37.5b₺4.3b₺1.2b24.1x31.7x8.8x
Sat, 08 Jul 2023₺28.1b₺3.7b₺1.1b19.4x25.8x7.6x
Mon, 05 Jun 2023₺17.9b₺3.7b₺1.1b14.9x16.4x4.8x
Wed, 03 May 2023₺16.0b₺3.3b₺1.1b13.8x14.8x4.8x
Fri, 31 Mar 2023₺17.8b₺3.2b₺1.0b15.8x17.5x5.6x
Sun, 26 Feb 2023₺16.2b₺2.8b₺1.0b17x15.9x5.8x
Tue, 24 Jan 2023₺18.1b₺2.6b₺901.5m20.2x20.1x6.9x
Thu, 22 Dec 2022₺20.3b₺2.6b₺901.5m25.5x22.6x7.8x
Sat, 19 Nov 2022₺18.5b₺2.6b₺901.5m21.7x20.5x7.1x
Mon, 17 Oct 2022₺13.1b₺1.9b₺691.7m18.9x19x7x
Wed, 14 Sep 2022₺12.1b₺1.9b₺691.7m15.2x17.5x6.5x
Fri, 12 Aug 2022₺11.4b₺1.5b₺522.6m19.6x21.9x7.4x
Sun, 10 Jul 2022₺10.4b₺1.5b₺522.8m17.2x20x6.8x
Tue, 07 Jun 2022₺10.5b₺1.5b₺522.8m17.7x20.1x6.8x
Thu, 05 May 2022₺10.7b₺1.3b₺451.4m19.2x23.6x8x
Sat, 02 Apr 2022₺11.4b₺1.2b₺395.5m18x28.9x9.8x
Mon, 28 Feb 2022₺10.9b₺1.3b₺377.2m25.9x28.8x8.6x
Wed, 26 Jan 2022₺11.3b₺1.2b₺286.3m46.6x39.6x9.7x
Fri, 24 Dec 2021₺9.9b₺1.2b₺286.3m41.3x34.6x8.5x
Sun, 21 Nov 2021₺8.9b₺1.2b₺286.3m39.9x31.2x7.7x
Tue, 19 Oct 2021₺8.7b₺1.1b₺269.9m29.3x32.4x7.9x
Thu, 16 Sep 2021₺8.4b₺1.1b₺269.9m31.1x31.3x7.6x
Sat, 14 Aug 2021₺7.0b₺1.1b₺269.9m32.2x26x6.3x
Wed, 09 Jun 2021₺5.3b₺822.1m₺202.4m27.8x26.4x6.5x
Tue, 02 Mar 2021₺4.9b₺645.2m₺141.0m55.5x34.5x7.5x
Price to Earnings Ratio

34.5x


Total Market Cap: ₺4.9bTotal Earnings: ₺141.0mTotal Revenue: ₺645.2mTotal Market Cap vs Earnings and Revenue0%0%0%
Turkish Software Industry Price to Earnings3Y Average 26.5x202220232024
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 49.3x which is higher than its 3-year average PE of 26.5x.
  • The 3-year average PS ratio of 7.7x is lower than the industry's current PS ratio of 15.0x.
Past Earnings Growth
  • The earnings for companies in the Software industry have grown 128% per year over the last three years.
  • Revenues for these companies have grown 104% 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 Market1.64%
Tech11.67%
Software11.30%
Application Software11.30%
Systems Software0%
Industry PE
  • Investors are most optimistic about the Application Software industry which is trading above its 3-year average PE ratio of 25.6x.
    • Analysts are expecting annual earnings growth of 47.1%, which is lower than the prior year's growth of 107.0% 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 25.6x.
Forecasted Growth
  • Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 47% over the next 5 years.
  • However this is lower than its past earnings growth rate of 107% per year.
  • In contrast, the Application Software industry is expected to see its earnings grow by 47% 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
MIATK MIA Teknoloji Anonim Sirketi₺70.1023.1%
+₺6.5b
859.3%PE65.2x
LOGO Logo Yazilim Sanayi ve Ticaret₺113.0014.1%
+₺1.4b
109.6%PE21.8x
KRONT Kron Teknoloji₺27.7027.5%
+₺512.0m
3.9%PE44.9x
SMART Smartiks Yazilim₺57.2034.3%
+₺465.2m
652.6%PE39x
LINK Link Bilgisayar Sistemleri Yazilimi ve Donanimi Sanayi ve Ticaret₺353.003.1%
+₺118.2m
744.5%PE70x
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Latest News

LOGO

₺113.00

Logo Yazilim Sanayi ve Ticaret

7D

14.1%

1Y

109.6%

KRONT

₺27.70

Kron Teknoloji

7D

27.5%

1Y

3.9%

MIATK

₺70.10

MIA Teknoloji Anonim Sirketi

7D

23.1%

1Y

859.3%

ATATP

₺138.00

ATP Yazilim ve Teknoloji Anonim Sirketi

7D

-2.0%

1Y

624.4%

SMART

₺57.20

Smartiks Yazilim

7D

34.3%

1Y

652.6%

FORTE

₺92.85

Forte Bilgi Iletisim Teknolojileri ve Savunma Sanayi

7D

-2.0%

1Y

n/a

HTTBT

₺71.80

Hitit Bilgisayar Hizmetleri

7D

-2.6%

1Y

155.7%