Revenues Not Telling The Story For ikeGPS Group Limited (NZSE:IKE)
May 08
New Zealand (NZX) Tech Sector Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies10
- 7D-1.9%
- 3M-4.2%
- 1Y33.5%
- YTD-0.5%
Over the last 7 days, the Tech industry has dropped 1.9%, driven by a pullback from Rakon of 15%. Meanwhile, Serko actually outperformed within the industry, gaining 9.5% in the last week. This takes the industry's 12 month performance to a gain of 34%. As for the next few years, earnings are expected to grow by 60% per annum.
Sector Valuation and Performance
Has the New Zealand Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | NZ$2.2b | NZ$801.6m | -NZ$44,547,398.00 | 26.3x | -49.1x | 2.7x |
| Tue, 16 Apr 2024 | NZ$2.3b | NZ$801.6m | -NZ$44,547,398.00 | 34x | -51.6x | 2.9x |
| Thu, 14 Mar 2024 | NZ$2.3b | NZ$801.6m | -NZ$44,547,398.00 | 37.8x | -50.9x | 2.8x |
| Sat, 10 Feb 2024 | NZ$2.2b | NZ$804.3m | -NZ$53,647,398.00 | 36.9x | -41.9x | 2.8x |
| Mon, 08 Jan 2024 | NZ$2.2b | NZ$804.3m | -NZ$53,647,398.00 | 36.9x | -40.7x | 2.7x |
| Wed, 06 Dec 2023 | NZ$2.0b | NZ$804.3m | -NZ$53,647,398.00 | 18.3x | -37.4x | 2.5x |
| Fri, 03 Nov 2023 | NZ$1.8b | NZ$797.6m | -NZ$43,077,466.00 | 6.7x | -41.8x | 2.3x |
| Sun, 01 Oct 2023 | NZ$1.8b | NZ$797.5m | -NZ$44,351,466.00 | 7.2x | -41.2x | 2.3x |
| Tue, 29 Aug 2023 | NZ$1.8b | NZ$796.1m | -NZ$37,916,466.00 | 8.4x | -47.7x | 2.3x |
| Thu, 27 Jul 2023 | NZ$1.9b | NZ$788.2m | -NZ$47,453,466.00 | 10.1x | -40.3x | 2.4x |
| Sat, 24 Jun 2023 | NZ$1.8b | NZ$788.2m | -NZ$47,453,466.00 | 10.5x | -37.9x | 2.3x |
| Mon, 22 May 2023 | NZ$1.6b | NZ$727.8m | -NZ$53,295,090.00 | 9.6x | -29.7x | 2.2x |
| Wed, 19 Apr 2023 | NZ$1.4b | NZ$712.3m | -NZ$64,052,090.00 | 9.1x | -22.4x | 2x |
| Fri, 17 Mar 2023 | NZ$3.4b | NZ$1.1b | -NZ$20,916,109.00 | 26.7x | -160.6x | 3x |
| Sun, 12 Feb 2023 | NZ$3.5b | NZ$1.1b | -NZ$18,870,895.00 | 26.6x | -182.9x | 3.2x |
| Tue, 10 Jan 2023 | NZ$3.3b | NZ$1.1b | -NZ$19,302,248.00 | 26.9x | -169x | 3x |
| Thu, 08 Dec 2022 | NZ$3.3b | NZ$1.1b | -NZ$19,033,975.00 | 26.4x | -175x | 3.1x |
| Sat, 05 Nov 2022 | NZ$3.2b | NZ$1.0b | NZ$61,164.00 | 19.1x | 52735.6x | 3.2x |
| Mon, 03 Oct 2022 | NZ$3.2b | NZ$1.1b | -NZ$22,847,453.00 | 17.3x | -139.6x | 3x |
| Wed, 31 Aug 2022 | NZ$3.6b | NZ$1.0b | -NZ$26,339,491.00 | 20.9x | -135.2x | 3.5x |
| Fri, 29 Jul 2022 | NZ$3.5b | NZ$1.0b | -NZ$12,108,781.00 | 19.8x | -288.5x | 3.5x |
| Sun, 26 Jun 2022 | NZ$3.4b | NZ$1.0b | -NZ$12,750,119.00 | 20.9x | -269.9x | 3.4x |
| Tue, 24 May 2022 | NZ$3.6b | NZ$930.3m | NZ$606.1k | 20.4x | 6010.6x | 3.9x |
| Thu, 21 Apr 2022 | NZ$3.7b | NZ$890.2m | NZ$4.7m | 19x | 796x | 4.2x |
| Sat, 19 Mar 2022 | NZ$3.9b | NZ$883.4m | NZ$3.2m | 20.4x | 1224.3x | 4.4x |
| Mon, 14 Feb 2022 | NZ$4.2b | NZ$873.9m | NZ$4.8m | 19.1x | 863.1x | 4.8x |
| Wed, 12 Jan 2022 | NZ$4.8b | NZ$871.0m | NZ$4.3m | 20.2x | 1130.2x | 5.5x |
| Fri, 10 Dec 2021 | NZ$4.8b | NZ$868.7m | NZ$3.8m | 20.3x | 1264.1x | 5.5x |
| Sun, 07 Nov 2021 | NZ$5.3b | NZ$801.4m | -NZ$37,038,906.00 | 35.8x | -143.1x | 6.6x |
| Tue, 05 Oct 2021 | NZ$5.3b | NZ$808.0m | -NZ$35,885,172.00 | 32x | -148.7x | 6.6x |
| Thu, 02 Sep 2021 | NZ$5.1b | NZ$806.0m | -NZ$36,239,528.60 | 36.1x | -140.1x | 6.3x |
| Sat, 31 Jul 2021 | NZ$4.7b | NZ$806.0m | -NZ$36,239,528.60 | 36.9x | -130.7x | 5.9x |
Price to Earnings Ratio
-83.1x
Current Industry PE
- Investors are pessimistic on the New Zealander Information Technology industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 3.7x is higher than the industry's current PS ratio of 2.7x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have improved over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since losses are shrinking while sales have been flat.
Industry Trends
Which industries have driven the changes within the New Zealand Tech sector?
| NZ Market | 0.062% | |
| Tech | -1.95% | |
| IT | 0% | |
| Communications | 0% | |
| Tech Hardware | 0% | |
| Semiconductors | 0% | |
| Software | -0.024% | |
| Electronic Equipment and Components | -9.00% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Electronic Equipment and Components industry, expecting annual earnings growth of 79% over the next 5 years.
- This is better than its past earnings decline of 74% per year.
- In contrast, the Software industry is expected to see its earnings grow by 55% 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 | |
|---|---|---|---|---|---|
| SKO Serko | NZ$3.45 | 9.5% +NZ$36.2m | 7.8% | PS6.6x | |
| TWL Trade Window Holdings | NZ$0.19 | 4.4% +NZ$1.0m | -47.2% | PS4.4x |
