There's Reason For Concern Over Digital Value S.p.A.'s (BIT:DGV) Massive 25% Price Jump
May 14
Italian (Borsa Italiana) Tech Sector Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies50
- 7D5.3%
- 3M-1.7%
- 1Y10.4%
- YTD1.7%
Technoprobe is up 8.3%, leading the way for the Tech industry, which has gained 5.3%. This takes the industry's 12 month performance to a gain of 10%. Earnings are forecast to grow by 21% annually.
Sector Valuation and Performance
Has the Italian Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | €16.6b | €13.7b | €414.6m | 23.3x | 40.1x | 1.2x |
| Tue, 16 Apr 2024 | €16.0b | €13.8b | €417.5m | 24.6x | 38.4x | 1.2x |
| Thu, 14 Mar 2024 | €16.7b | €13.9b | €468.3m | 25.5x | 35.6x | 1.2x |
| Sat, 10 Feb 2024 | €17.3b | €14.2b | €478.1m | 25.4x | 36.2x | 1.2x |
| Mon, 08 Jan 2024 | €16.7b | €14.5b | €486.0m | 26.5x | 34.4x | 1.2x |
| Wed, 06 Dec 2023 | €15.4b | €14.4b | €488.1m | 26x | 31.6x | 1.1x |
| Fri, 03 Nov 2023 | €14.5b | €14.7b | €496.9m | 24x | 29.2x | 1x |
| Sun, 01 Oct 2023 | €14.8b | €14.6b | €506.6m | 27.3x | 29.2x | 1x |
| Tue, 29 Aug 2023 | €15.3b | €14.5b | €517.3m | 30.1x | 29.5x | 1.1x |
| Thu, 27 Jul 2023 | €16.3b | €14.4b | €551.8m | 32.7x | 29.6x | 1.1x |
| Sat, 24 Jun 2023 | €16.2b | €14.3b | €542.4m | 32.3x | 29.8x | 1.1x |
| Mon, 22 May 2023 | €15.8b | €14.3b | €544.6m | 28.7x | 29x | 1.1x |
| Wed, 19 Apr 2023 | €16.0b | €14.3b | €550.0m | 25x | 29.1x | 1.1x |
| Fri, 17 Mar 2023 | €25.5b | €19.2b | €665.3m | 24.8x | 38.3x | 1.3x |
| Sun, 12 Feb 2023 | €27.7b | €18.1b | €571.9m | 30.1x | 48.5x | 1.5x |
| Tue, 10 Jan 2023 | €26.7b | €18.1b | €571.9m | 25.2x | 46.7x | 1.5x |
| Thu, 08 Dec 2022 | €26.2b | €18.0b | €568.5m | 25.7x | 46x | 1.5x |
| Sat, 05 Nov 2022 | €26.7b | €17.8b | €571.2m | 26.8x | 46.7x | 1.5x |
| Mon, 03 Oct 2022 | €26.1b | €17.8b | €575.2m | 25.1x | 45.4x | 1.5x |
| Wed, 31 Aug 2022 | €27.3b | €17.4b | €633.3m | 24.8x | 43.1x | 1.6x |
| Fri, 29 Jul 2022 | €28.9b | €15.6b | €596.4m | 24.5x | 48.5x | 1.9x |
| Sun, 26 Jun 2022 | €26.8b | €15.5b | €591.5m | 25.2x | 45.4x | 1.7x |
| Tue, 24 May 2022 | €28.9b | €15.5b | €595.9m | 28.2x | 48.5x | 1.9x |
| Thu, 21 Apr 2022 | €30.7b | €15.5b | €591.3m | 31.9x | 51.9x | 2x |
| Sat, 19 Mar 2022 | €33.5b | €15.2b | €588.5m | 31.6x | 57x | 2.2x |
| Mon, 14 Feb 2022 | €31.2b | €13.5b | €563.2m | 28.3x | 55.3x | 2.3x |
| Wed, 12 Jan 2022 | €33.9b | €13.5b | €563.9m | 30x | 60.1x | 2.5x |
| Fri, 10 Dec 2021 | €32.8b | €13.4b | €559.3m | 30.6x | 58.7x | 2.4x |
| Sun, 07 Nov 2021 | €33.2b | €13.5b | €559.3m | 30.6x | 59.4x | 2.5x |
| Tue, 05 Oct 2021 | €31.6b | €13.5b | €560.2m | 30.6x | 56.4x | 2.3x |
| Thu, 02 Sep 2021 | €35.2b | €13.2b | €541.0m | 36x | 65.1x | 2.7x |
| Sat, 31 Jul 2021 | €33.4b | €13.2b | €541.0m | 30.3x | 61.7x | 2.5x |
Price to Earnings Ratio
46.7x
Current Industry PE
- Investors are pessimistic on the Italian Information Technology industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 40.1x which is lower than its 3-year average PE of 43.9x.
- The 3-year average PS ratio of 1.6x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have declined 6.2% per year over the last three years.
- Meanwhile revenues for these companies have grown 2.5% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Italian Tech sector?
| IT Market | 1.67% | |
| Tech | 5.30% | |
| Semiconductors | 8.01% | |
| IT | 6.54% | |
| Electronic Equipment and Components | 1.77% | |
| Software | 0.93% | |
| Communications | 0% | |
| Tech Hardware | -2.67% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry even though it's trading below its 3-year average PE ratio of 161x.
- Analysts are expecting annual earnings growth of 22.0%, which is higher than its past year's earnings decline of 6.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Software industry, expecting annual earnings growth of 48% over the next 5 years.
- However this is lower than its past earnings growth rate of 61% per year.
- In contrast, the IT industry is expected to see its earnings grow by 14% 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 | |
|---|---|---|---|---|---|
| TPRO Technoprobe | €8.56 | 8.3% +€393.7m | 26.7% | PE53x | |
| REY Reply | €136.80 | 7.6% +€361.6m | 28.3% | PE27.3x | |
| SES SeSa | €104.60 | 3.1% +€47.9m | -5.2% | PE19.7x | |
| WIIT Wiit | €17.60 | 5.9% +€25.6m | -8.3% | PE50.1x | |
| DGV Digital Value | €65.40 | 3.3% +€20.8m | 2.2% | PE16.9x |
