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Turkish (BIST) Software Industry Analysis
UpdatedDec 31, 2024
DataAggregated Company Financials
Companies8
- 7D5.3%
- 3M18.0%
- 1Y38.6%
- YTD29.5%
Over the last 7 days, the Software industry has risen 2.3%, driven by gains from Hitit Bilgisayar Hizmetleri of 7.0%. This takes the industry's 12 month performance to a gain of 35%. As for the next few years, earnings are expected to grow by 95% per annum.
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 |
|---|---|---|---|---|---|---|
| Tue, 31 Dec 2024 | ₺69.9b | ₺9.3b | ₺1.8b | 42.2x | 39.6x | 7.5x |
| Thu, 28 Nov 2024 | ₺63.5b | ₺9.3b | ₺1.8b | 42x | 36x | 6.9x |
| Sat, 26 Oct 2024 | ₺63.6b | ₺9.7b | ₺1.4b | 60.4x | 46.1x | 6.6x |
| Mon, 23 Sep 2024 | ₺64.6b | ₺9.3b | ₺1.4b | 45.8x | 46x | 7x |
| Wed, 21 Aug 2024 | ₺69.1b | ₺8.8b | ₺1.6b | 46.8x | 42.6x | 7.9x |
| Fri, 19 Jul 2024 | ₺77.8b | ₺8.4b | ₺1.7b | 53.2x | 45.4x | 9.2x |
| Sun, 16 Jun 2024 | ₺70.5b | ₺8.4b | ₺1.7b | 46.5x | 41.2x | 8.4x |
| Tue, 14 May 2024 | ₺70.6b | ₺7.3b | ₺1.1b | 57.7x | 62.7x | 9.7x |
| Thu, 11 Apr 2024 | ₺83.7b | ₺7.5b | ₺1.5b | 58x | 55.1x | 11.1x |
| Sat, 09 Mar 2024 | ₺83.3b | ₺5.6b | ₺1.7b | 50.5x | 49.7x | 14.9x |
| Mon, 05 Feb 2024 | ₺64.7b | ₺5.5b | ₺1.7b | 41.6x | 38.8x | 11.8x |
| Wed, 03 Jan 2024 | ₺53.9b | ₺5.5b | ₺1.7b | 35.9x | 32.3x | 9.8x |
| Fri, 01 Dec 2023 | ₺53.6b | ₺5.5b | ₺1.7b | 35.8x | 32.1x | 9.7x |
| Sun, 29 Oct 2023 | ₺54.9b | ₺4.8b | ₺1.4b | 31x | 38x | 11.5x |
| Tue, 26 Sep 2023 | ₺59.9b | ₺4.8b | ₺1.4b | 26.4x | 41.5x | 12.6x |
| Thu, 24 Aug 2023 | ₺35.3b | ₺4.7b | ₺1.5b | 20.3x | 24.3x | 7.4x |
| Sat, 22 Jul 2023 | ₺32.7b | ₺4.1b | ₺1.2b | 21.1x | 28.2x | 8x |
| Mon, 19 Jun 2023 | ₺19.8b | ₺3.7b | ₺1.1b | 15.6x | 18.2x | 5.4x |
| Wed, 17 May 2023 | ₺15.3b | ₺3.7b | ₺1.1b | 13.9x | 14x | 4.1x |
| Fri, 14 Apr 2023 | ₺17.6b | ₺3.2b | ₺1.0b | 15.7x | 17.3x | 5.5x |
| Sun, 12 Mar 2023 | ₺17.6b | ₺3.2b | ₺1.0b | 16.6x | 17.3x | 5.5x |
| Tue, 07 Feb 2023 | ₺16.3b | ₺2.8b | ₺1.0b | 18.2x | 15.9x | 5.8x |
| Thu, 05 Jan 2023 | ₺19.3b | ₺2.6b | ₺901.5m | 23.3x | 21.5x | 7.4x |
| Sat, 03 Dec 2022 | ₺19.9b | ₺2.6b | ₺901.5m | 23.6x | 22.1x | 7.6x |
| Mon, 31 Oct 2022 | ₺14.3b | ₺2.2b | ₺781.4m | 25.3x | 18.3x | 6.5x |
| Wed, 28 Sep 2022 | ₺11.7b | ₺1.9b | ₺691.7m | 16.1x | 17x | 6.3x |
| Fri, 26 Aug 2022 | ₺11.6b | ₺1.8b | ₺684.9m | 14.6x | 17x | 6.4x |
| Sun, 24 Jul 2022 | ₺10.8b | ₺1.5b | ₺522.8m | 18.2x | 20.6x | 7x |
| Tue, 21 Jun 2022 | ₺10.3b | ₺1.5b | ₺522.8m | 17.7x | 19.7x | 6.7x |
| Thu, 19 May 2022 | ₺10.4b | ₺1.5b | ₺507.5m | 20.1x | 20.5x | 6.9x |
| Sat, 16 Apr 2022 | ₺11.1b | ₺1.3b | ₺449.7m | 19.9x | 24.7x | 8.4x |
| Mon, 14 Mar 2022 | ₺12.1b | ₺1.3b | ₺422.7m | 18.8x | 28.7x | 9.2x |
| Wed, 09 Feb 2022 | ₺11.5b | ₺1.2b | ₺286.3m | 48.3x | 40.1x | 9.8x |
| Fri, 07 Jan 2022 | ₺11.0b | ₺1.2b | ₺286.3m | n/a | 38.3x | 9.4x |
Price to Earnings Ratio
38.3x
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 38.5x which is higher than its 3-year average PE of 31.6x.
- The industry is trading close to its 3-year average PS ratio of 8.1x.
Past Earnings Growth
- The earnings for companies in the Software industry have grown 83% per year over the last three years.
- Revenues for these companies have grown 99% 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 | 2.21% | |
| Tech | 4.15% | |
| Software | 5.28% | |
| Application Software | 5.28% | |
| 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 31.3x.
- Analysts expect its future annual earnings growth (94.7%) to be largely in line with prior year's earnings growth.
- 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 31.3x.
Forecasted Growth
- Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 95% 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 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 | |
|---|---|---|---|---|---|
| HTTBT Hitit Bilgisayar Hizmetleri | ₺50.95 | 11.7% +₺1.6b | 110.5% | PE64.3x | |
| ATATP ATP Yazilim ve Teknoloji Anonim Sirketi | ₺109.90 | 16.3% +₺1.4b | 12.6% | PE35.7x | |
| LOGO Logo Yazilim Sanayi ve Ticaret | ₺115.20 | 2.3% +₺260.0m | 55.8% | PE40.5x | |
| MIATK MIA Teknoloji Anonim Sirketi | ₺42.34 | 1.1% +₺217.4m | 17.3% | PE21.3x | |
| KRONT Kron Teknoloji | ₺21.80 | 3.8% +₺68.5m | 65.2% | PE127.5x |