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Canadian (TSX) Software Industry Analysis

UpdatedMay 21, 2024
DataAggregated Company Financials
Companies91
  • 7D0.3%
  • 3M0.4%
  • 1Y26.1%
  • YTD11.9%

Last week, the Software industry hasn't moved much but Lightspeed Commerce is up 17% in that time. The past year has been better, since the industry has gained 26% in that time. As for the next few years, earnings are expected to grow by 18% per annum.

Industry Valuation and Performance

Has the Canadian Software Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 May 2024CA$130.0bCA$21.5b-CA$3,427,960,806.5840.7x-37.9x6x
Thu, 18 Apr 2024CA$129.7bCA$21.1b-CA$4,273,226,818.0933.2x-30.3x6.2x
Sat, 16 Mar 2024CA$123.6bCA$20.7b-CA$4,802,886,544.3928.5x-25.7x6x
Mon, 12 Feb 2024CA$121.7bCA$19.7b-CA$2,884,020,939.0725x-42.2x6.2x
Wed, 10 Jan 2024CA$116.9bCA$19.8b-CA$3,961,278,379.0027.6x-29.5x5.9x
Fri, 08 Dec 2023CA$113.9bCA$20.2b-CA$4,236,877,137.0025.9x-26.9x5.6x
Sun, 05 Nov 2023CA$101.9bCA$19.7b-CA$4,386,307,501.0068.6x-23.2x5.2x
Tue, 03 Oct 2023CA$100.7bCA$19.4b-CA$4,200,079,623.0054.4x-24x5.2x
Thu, 31 Aug 2023CA$104.1bCA$19.4b-CA$4,144,228,476.0059.2x-25.1x5.4x
Sat, 29 Jul 2023CA$102.6bCA$18.2b-CA$3,867,055,440.0071.4x-26.5x5.6x
Mon, 26 Jun 2023CA$99.2bCA$17.9b-CA$3,938,982,418.0070.1x-25.2x5.5x
Wed, 24 May 2023CA$97.9bCA$18.1b-CA$4,085,466,870.0069.5x-24x5.4x
Fri, 21 Apr 2023CA$96.4bCA$17.0b-CA$3,319,519,767.0044.4x-29x5.7x
Sun, 19 Mar 2023CA$88.3bCA$16.7b-CA$2,545,114,172.0037.4x-34.7x5.3x
Tue, 14 Feb 2023CA$89.2bCA$16.2b-CA$2,247,509,205.0034.3x-39.7x5.5x
Thu, 12 Jan 2023CA$83.0bCA$16.2b-CA$673,418,998.0028.8x-123.2x5.1x
Sat, 10 Dec 2022CA$79.3bCA$16.3b-CA$582,529,892.0034.3x-136.2x4.9x
Mon, 07 Nov 2022CA$72.2bCA$16.0b-CA$288,460,236.0028x-250.2x4.5x
Wed, 05 Oct 2022CA$79.5bCA$15.3b-CA$289,802,166.0042.8x-274.2x5.2x
Fri, 02 Sep 2022CA$77.8bCA$15.0b-CA$416,738,673.0031x-186.6x5.2x
Sun, 31 Jul 2022CA$83.7bCA$13.9bCA$404.2m49.3x207.1x6x
Tue, 28 Jun 2022CA$77.4bCA$13.9bCA$586.1m49.6x132x5.6x
Thu, 26 May 2022CA$77.9bCA$14.3bCA$281.0m46.3x277.3x5.4x
Sat, 23 Apr 2022CA$85.9bCA$13.5b-CA$2,716,385,244.0044.6x-31.6x6.4x
Mon, 21 Mar 2022CA$95.0bCA$12.8b-CA$3,253,602,342.0049.7x-29.2x7.4x
Wed, 16 Feb 2022CA$96.3bCA$12.9b-CA$3,225,214,317.0072.1x-29.8x7.5x
Fri, 14 Jan 2022CA$96.0bCA$11.8b-CA$3,218,582,974.0071.5x-29.8x8.1x
Sun, 12 Dec 2021CA$102.8bCA$12.0b-CA$3,486,388,359.0078x-29.5x8.5x
Tue, 09 Nov 2021CA$116.0bCA$11.6b-CA$3,544,327,512.0079.5x-32.7x10x
Thu, 07 Oct 2021CA$108.7bCA$11.0b-CA$3,454,137,282.0048x-31.5x9.9x
Sat, 04 Sep 2021CA$120.9bCA$10.9b-CA$3,271,006,370.5047.7x-37x11.1x
Mon, 02 Aug 2021CA$100.0bCA$10.9b-CA$3,271,006,370.5046.3x-30.6x9.2x
Price to Earnings Ratio

-210.6x


Total Market Cap: CA$82.6bTotal Earnings: -CA$392,308,721.26Total Revenue: CA$9.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Software Industry Price to Earnings3Y Average -35.8x202220232024
Current Industry PE
  • Investors are relatively neutral on the Canadian Software industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PS ratio of 6.6x.
Past Earnings Growth
  • The earnings for companies in the Software industry have deteriorated over the last three years.
  • Meanwhile revenues for these companies have grown 33% 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 caused losses to expand.

Industry Trends

Which industries have driven the changes within the Canadian Tech industry?

CA Market1.08%
Tech1.33%
Software0.34%
Application Software0.48%
Systems Software-4.53%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 69% over the next 5 years.
    • This is better than its past earnings decline of 59% per year.
    • In contrast, the Application Software industry is expected to see its earnings grow by 17% per year over the next few years.

    Top Stock Gainers and Losers

    Which companies have driven the market over the last 7 days?

    CompanyLast Price7D1YValuation
    		LSPD Lightspeed CommerceCA$20.9917.1%
    +CA$471.7m    		17.0%PS2.6x
    		KXS KinaxisCA$156.224.4%
    +CA$187.2m    		-15.4%PE216.1x
    		BITF BitfarmsCA$2.378.2%
    +CA$67.6m    		54.9%PS3.9x
    		CVO Coveo SolutionsCA$8.476.8%
    +CA$59.7m    		28.5%PS5.6x
    		LMN Lumine GroupCA$38.500.5%
    +CA$51.3m    		100.5%PS13.3x
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    Latest News

    KXS

    CA$156.22

    Kinaxis

    7D

    4.4%

    1Y

    -15.4%

    Kinaxis Inc.'s (TSE:KXS) Shares May Have Run Too Fast Too Soon

    May 21
    Kinaxis Inc.'s (TSE:KXS) Shares May Have Run Too Fast Too Soon

    LABZ

    CA$2.41

    Metasphere Labs

    7D

    39.3%

    1Y

    60.7%

    VERS

    CA$0.93

    VERSES AI

    7D

    -6.5%

    1Y

    -43.3%

    LSPD

    CA$20.99

    Lightspeed Commerce

    7D

    17.1%

    1Y

    17.0%

    BITF

    CA$2.37

    Bitfarms

    7D

    8.2%

    1Y

    54.9%

    CSU

    CA$3,694.99

    Constellation Software

    7D

    -0.3%

    1Y

    35.4%

    DND

    CA$13.79

    Dye & Durham

    7D

    -2.2%

    1Y

    -17.2%

    CVO

    CA$8.47

    Coveo Solutions

    7D

    6.8%

    1Y

    28.5%

    BB

    CA$4.02

    BlackBerry

    7D

    -5.0%

    1Y

    -44.6%

    ENGH

    CA$28.98

    Enghouse Systems

    7D

    -3.1%

    1Y

    -22.6%

    DCBO

    CA$50.86

    Docebo

    7D

    2.7%

    1Y

    12.4%

    TCS

    CA$34.57

    Tecsys

    7D

    -5.8%

    1Y

    33.0%

    We Like These Underlying Return On Capital Trends At Tecsys (TSE:TCS)

    May 06
    We Like These Underlying Return On Capital Trends At Tecsys (TSE:TCS)

    LMN

    CA$38.50

    Lumine Group

    7D

    0.5%

    1Y

    100.5%

    TOI

    CA$115.67

    Topicus.com

    7D

    0.4%

    1Y

    18.1%

    CMG

    CA$10.98

    Computer Modelling Group

    7D

    -0.7%

    1Y

    62.7%

    BYND

    CA$0.025

    BYND Cannasoft Enterprises

    7D

    -90.0%

    1Y

    -99.3%