Audinate Group (ASX:AD8) Might Have The Makings Of A Multi-Bagger
May 29
Australian (ASX) Tech Sector Analysis
UpdatedJun 03, 2024
DataAggregated Company Financials
Companies122
- 7D-0.003%
- 3M0.3%
- 1Y24.3%
- YTD21.6%
Over the last 7 days, the Tech industry has remained flat, although notably Data#3 gained 10%. As for the the longer term, the industry is up 24% over the past 12 months. Earnings are forecast to grow by 26% annually.
Sector Valuation and Performance
Has the Australian Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 03 Jun 2024 | AU$105.3b | AU$15.4b | -AU$335,052,831.95 | 53.8x | -314.3x | 6.8x |
| Wed, 01 May 2024 | AU$101.3b | AU$15.2b | -AU$579,143,548.01 | 52.9x | -174.9x | 6.7x |
| Fri, 29 Mar 2024 | AU$104.5b | AU$15.3b | -AU$665,014,351.05 | 53x | -157.1x | 6.8x |
| Sun, 25 Feb 2024 | AU$97.3b | AU$16.2b | -AU$1,025,258,231.25 | 47.1x | -95x | 6x |
| Tue, 23 Jan 2024 | AU$89.7b | AU$17.1b | -AU$1,603,302,416.00 | 41.3x | -55.9x | 5.2x |
| Thu, 21 Dec 2023 | AU$88.6b | AU$17.1b | -AU$1,588,339,715.00 | 41.7x | -55.8x | 5.2x |
| Sat, 18 Nov 2023 | AU$83.6b | AU$17.1b | -AU$1,617,346,754.00 | 37.3x | -51.7x | 4.9x |
| Mon, 16 Oct 2023 | AU$84.2b | AU$17.0b | -AU$1,738,856,518.00 | 41x | -48.4x | 4.9x |
| Wed, 13 Sep 2023 | AU$87.5b | AU$17.0b | -AU$1,730,573,000.00 | 40.7x | -50.5x | 5.2x |
| Fri, 11 Aug 2023 | AU$92.5b | AU$16.3b | -AU$1,518,365,547.00 | 33.6x | -60.9x | 5.7x |
| Sun, 09 Jul 2023 | AU$83.9b | AU$15.9b | -AU$1,517,402,585.00 | 30.6x | -55.3x | 5.3x |
| Tue, 06 Jun 2023 | AU$85.1b | AU$16.0b | -AU$1,555,693,930.00 | 26.8x | -54.7x | 5.3x |
| Thu, 04 May 2023 | AU$76.3b | AU$15.7b | -AU$1,550,493,572.00 | 31x | -49.2x | 4.8x |
| Sat, 01 Apr 2023 | AU$74.3b | AU$15.7b | -AU$1,541,271,068.00 | 30.1x | -48.2x | 4.7x |
| Mon, 27 Feb 2023 | AU$90.5b | AU$21.7b | -AU$1,165,549,477.00 | 33.5x | -77.6x | 4.2x |
| Wed, 25 Jan 2023 | AU$89.0b | AU$20.6b | -AU$939,988,753.00 | 48.1x | -94.6x | 4.3x |
| Fri, 23 Dec 2022 | AU$86.3b | AU$20.8b | -AU$944,858,730.00 | 46.7x | -91.3x | 4.1x |
| Sun, 20 Nov 2022 | AU$89.6b | AU$20.7b | -AU$969,285,101.00 | 48x | -92.4x | 4.3x |
| Tue, 18 Oct 2022 | AU$84.6b | AU$20.7b | -AU$802,333,149.00 | 43.1x | -105.4x | 4.1x |
| Thu, 15 Sep 2022 | AU$90.9b | AU$20.2b | -AU$779,507,585.00 | 46.2x | -116.6x | 4.5x |
| Sat, 13 Aug 2022 | AU$92.9b | AU$19.3b | -AU$818,724,444.00 | 25.9x | -113.4x | 4.8x |
| Mon, 11 Jul 2022 | AU$86.0b | AU$19.1b | -AU$835,823,858.00 | 26x | -102.9x | 4.5x |
| Wed, 08 Jun 2022 | AU$82.4b | AU$18.8b | -AU$796,532,060.00 | 26.7x | -103.4x | 4.4x |
| Fri, 06 May 2022 | AU$91.7b | AU$18.7b | -AU$746,772,030.00 | 27x | -122.8x | 4.9x |
| Sun, 03 Apr 2022 | AU$121.3b | AU$19.4b | -AU$887,223,033.00 | 30.6x | -136.8x | 6.3x |
| Tue, 01 Mar 2022 | AU$113.7b | AU$19.6b | -AU$728,028,550.00 | 29.3x | -156.2x | 5.8x |
| Thu, 27 Jan 2022 | AU$120.7b | AU$18.3b | -AU$466,895,701.00 | 35.3x | -258.6x | 6.6x |
| Sat, 25 Dec 2021 | AU$140.9b | AU$17.9b | -AU$471,639,039.00 | 33x | -298.7x | 7.9x |
| Mon, 22 Nov 2021 | AU$153.4b | AU$18.0b | -AU$466,607,226.00 | 35.7x | -328.7x | 8.5x |
| Wed, 20 Oct 2021 | AU$148.1b | AU$17.9b | -AU$426,366,782.00 | 36.2x | -347.4x | 8.3x |
| Fri, 17 Sep 2021 | AU$147.1b | AU$18.1b | -AU$416,896,244.00 | 38.5x | -352.9x | 8.1x |
| Sun, 15 Aug 2021 | AU$143.6b | AU$17.8b | -AU$406,112,560.01 | 41.4x | -353.5x | 8.1x |
| Thu, 10 Jun 2021 | AU$120.8b | AU$17.2b | -AU$353,121,275.62 | 30.8x | -342x | 7x |
Price to Earnings Ratio
-342x
Current Industry PE
- Investors are optimistic on the Australian Information Technology industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 5.7x is lower than the industry's current PS ratio of 6.8x.
Past Earnings Growth
- Losses for companies in the Information Technology industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have declined 3.7% per year.
- This means that the cost of doing business could be reducing since sales have declined but losses haven't fallen much further.
Industry Trends
Which industries have driven the changes within the Australian Tech sector?
| AU Market | -0.33% | |
| Tech | -0.003% | |
| Communications | 5.03% | |
| Software | 0.12% | |
| IT | -0.03% | |
| Semiconductors | -0.27% | |
| Electronic Equipment and Components | -1.78% | |
| Tech Hardware | -5.00% | |
Industry PE
- Investors are most optimistic about the Electronic Equipment and Components industry, which is trading close to its 3-year average PE ratio of 85.4x.
- Analysts are expecting annual earnings growth of 16.5%, which is higher than its past year's earnings growth of 12.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 68% over the next 5 years.
- This is better than its past earnings growth rate of 8.6% per year.
- In contrast, the Semiconductors industry is expected to see its earnings decline by 11% 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 | |
|---|---|---|---|---|---|
| DTL Data#3 | AU$8.19 | 10.2% +AU$117.6m | 15.8% | PE30.6x | |
| NXL Nuix | AU$3.13 | 4.7% +AU$45.3m | 209.9% | PS5.2x | |
| CAT Catapult Group International | AU$1.75 | 11.1% +AU$44.7m | 72.8% | PS3.2x | |
| WBT Weebit Nano | AU$2.42 | 6.1% +AU$26.4m | -61.8% | PS2978.2x | |
| XRO Xero | AU$134.24 | 0.1% +AU$25.9m | 22.2% | PE126.6x |
