Is It Time To Consider Buying Life360, Inc. (ASX:360)?
May 06
Australian (ASX) Tech Sector Analysis
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies124
- 7D2.8%
- 3M20.5%
- 1Y36.6%
- YTD20.2%
In the last week, the Tech industry is up 2.8%, with WiseTech Global up 9.2%. In the same time, Weebit Nano was down 7.6%. In the last 12 months, the industry was up 37%. Earnings are forecast to grow by 30% 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 |
|---|---|---|---|---|---|---|
| Wed, 08 May 2024 | AU$104.2b | AU$15.2b | -AU$575,963,554.18 | 55.8x | -180.9x | 6.9x |
| Fri, 05 Apr 2024 | AU$101.7b | AU$15.2b | -AU$658,212,681.31 | 52x | -154.6x | 6.7x |
| Sun, 03 Mar 2024 | AU$104.0b | AU$16.3b | -AU$721,100,559.47 | 52.1x | -144.2x | 6.4x |
| Tue, 30 Jan 2024 | AU$87.9b | AU$17.1b | -AU$1,602,263,183.00 | 41.3x | -54.9x | 5.1x |
| Thu, 28 Dec 2023 | AU$89.0b | AU$17.0b | -AU$1,582,907,623.00 | 41.2x | -56.2x | 5.2x |
| Sat, 25 Nov 2023 | AU$81.3b | AU$17.1b | -AU$1,613,697,355.00 | 40.7x | -50.4x | 4.8x |
| Mon, 23 Oct 2023 | AU$80.4b | AU$17.0b | -AU$1,744,737,335.00 | 40.7x | -46.1x | 4.7x |
| Wed, 20 Sep 2023 | AU$86.1b | AU$17.0b | -AU$1,726,787,996.00 | 42.8x | -49.9x | 5.1x |
| Fri, 18 Aug 2023 | AU$90.7b | AU$16.4b | -AU$1,475,440,020.00 | 32.9x | -61.4x | 5.5x |
| Sun, 16 Jul 2023 | AU$88.5b | AU$15.9b | -AU$1,503,520,021.00 | 30.9x | -58.8x | 5.6x |
| Tue, 13 Jun 2023 | AU$84.2b | AU$15.9b | -AU$1,536,774,198.00 | 26.6x | -54.8x | 5.3x |
| Thu, 11 May 2023 | AU$77.3b | AU$15.7b | -AU$1,539,979,870.00 | 31.3x | -50.2x | 4.9x |
| Sat, 08 Apr 2023 | AU$75.3b | AU$15.7b | -AU$1,544,593,602.00 | 32.1x | -48.7x | 4.8x |
| Mon, 06 Mar 2023 | AU$89.3b | AU$21.8b | -AU$1,481,433,684.00 | 32x | -60.3x | 4.1x |
| Wed, 01 Feb 2023 | AU$89.8b | AU$20.6b | -AU$940,027,259.00 | 47.9x | -95.5x | 4.4x |
| Fri, 30 Dec 2022 | AU$83.8b | AU$20.8b | -AU$947,439,321.00 | 44.1x | -88.4x | 4x |
| Sun, 27 Nov 2022 | AU$88.9b | AU$20.7b | -AU$968,332,740.00 | 50.1x | -91.8x | 4.3x |
| Tue, 25 Oct 2022 | AU$84.9b | AU$20.7b | -AU$826,346,351.00 | 42x | -102.7x | 4.1x |
| Thu, 22 Sep 2022 | AU$88.3b | AU$20.3b | -AU$783,977,886.00 | 46x | -112.7x | 4.4x |
| Sat, 20 Aug 2022 | AU$92.7b | AU$19.4b | -AU$788,324,238.00 | 30.9x | -117.6x | 4.8x |
| Mon, 18 Jul 2022 | AU$86.1b | AU$19.2b | -AU$836,729,309.00 | 23.7x | -102.9x | 4.5x |
| Wed, 15 Jun 2022 | AU$79.0b | AU$19.1b | -AU$827,845,130.00 | 25.3x | -95.4x | 4.1x |
| Fri, 13 May 2022 | AU$86.2b | AU$18.8b | -AU$747,358,856.00 | 28.2x | -115.3x | 4.6x |
| Sun, 10 Apr 2022 | AU$99.7b | AU$18.6b | -AU$732,744,276.00 | 29.6x | -136.1x | 5.4x |
| Tue, 08 Mar 2022 | AU$111.6b | AU$19.6b | -AU$888,596,229.00 | 29.6x | -125.6x | 5.7x |
| Thu, 03 Feb 2022 | AU$123.7b | AU$18.3b | -AU$465,280,520.00 | 35.4x | -265.9x | 6.8x |
| Sat, 01 Jan 2022 | AU$140.7b | AU$17.9b | -AU$471,652,441.00 | 34.1x | -298.3x | 7.9x |
| Mon, 29 Nov 2021 | AU$145.2b | AU$18.1b | -AU$459,849,555.00 | 34.1x | -315.7x | 8x |
| Wed, 27 Oct 2021 | AU$151.9b | AU$17.9b | -AU$431,585,132.00 | 40x | -351.9x | 8.5x |
| Fri, 24 Sep 2021 | AU$151.4b | AU$18.1b | -AU$424,004,585.00 | 38.1x | -357.1x | 8.4x |
| Sun, 22 Aug 2021 | AU$142.8b | AU$17.8b | -AU$406,112,560.01 | 43.2x | -351.6x | 8x |
| Fri, 09 Jul 2021 | AU$134.0b | AU$17.8b | -AU$411,394,786.71 | 40.9x | -325.8x | 7.5x |
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 6.9x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have deteriorated over the last three years.
- Revenues have also declined 4.1% per year.
- This means overall sales from these companies are declining and losses are subsequently expanding as well.
Industry Trends
Which industries have driven the changes within the Australian Tech sector?
| AU Market | 1.62% | |
| Tech | 2.84% | |
| Communications | 9.29% | |
| IT | 3.61% | |
| Software | 2.97% | |
| Electronic Equipment and Components | 0.55% | |
| Semiconductors | -5.03% | |
| Tech Hardware | -7.11% | |
Industry PE
- Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 85.9x.
- Analysts are expecting annual earnings growth of 17.1%, 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 67% over the next 5 years.
- This is better than its past earnings growth rate of 8.6% per year.
- In contrast, the IT industry is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|
| WTC WiseTech Global | AU$97.02 | 9.2% +AU$2.7b | 42.3% | PE145x | |
| XRO Xero | AU$127.59 | 3.6% +AU$671.6m | 38.3% | PS13.8x | |
| NXT NEXTDC | AU$17.46 | 7.8% +AU$648.5m | 48.2% | PS21.2x | |
| MAQ Macquarie Technology Group | AU$91.01 | 12.4% +AU$249.0m | 51.5% | PE94.1x | |
| MP1 Megaport | AU$14.56 | 10.1% +AU$212.4m | 177.9% | PE285.2x |
