Information Technology

The sector, Information Technology, contains the industry groups:

and has the constituents:

Comparative Analysis

Income Statement

($'M) 2021 2022 $ Change % Change
Revenue 848.8 1,096.8 248.0 29.2
Less: Cost of Goods Sold -118.9 -139.4 -20.5 17.2
Gross Profit 967.7 1,236.2 268.5 27.8
Less: Operating Costs -668.2 -915.5 -247.3 37.0
Operating Profit 1,635.9 2,151.7 515.8 31.5
Less: Financing Costs -105.6 -39.6 66.0 -62.5
Earnings Before Tax 1,741.5 2,191.3 449.8 25.8
Less: Income Tax 63.7 -11.5 -75.2 -118.0
Net Profit 1,677.8 2,202.8 525.0 31.3

Balance Sheet

($'M) 2021 2022 $ Change % Change
Current Assets 1,204.3 1,071.8 -132.6 -11.0
Non Current Assets 819.7 1,271.6 451.9 55.1
Assets 2,024.0 2,343.3 319.3 15.8
Current Liabilities 168.8 196.5 27.7 16.4
Non Current Liabilities 1,109.3 1,112.9 3.7 0.3
Liabilities 1,278.1 1,309.4 31.3 2.5
Equity 745.9 1,033.9 288.0 38.6

Cash Flow Statement

($'M) 2021 2022 $ Change % Change
Cash Flow from Operating Activities 218.6 236.4 17.7 8.1
Cash Flow from Financing Activities 544.5 -61.5 -606.0 -111.3
Cash Flow from Investing Activities -198.0 -430.0 -232.1 117.2
Net Cash Flow 565.1 -255.2 -820.3 -145.2
Foreign Exchange Fluctuations -15.3 1.5 16.8 -110.0
Cash at the Beginning of the Period 108.0 657.8 549.8 509.0
Cash at the End of the Period 657.8 404.2 -253.7 -38.6

Ratio Analysis

Profitability

2021 2022 Change
Gross Profit Margin 114.0% 112.7% -1.3%
Operating Profit Margin 192.7% 196.2% 3.4%
Net Profit Margin 197.7% 200.8% 3.2%

Management Effectiveness

2021 2022 Change
Return on Assets 82.9% 94.0% 11.1%
Return on Equity 224.9% 213.0% -11.9%
Current Ratio 7.1 5.5 -1.7
Debt to Equity Ratio 1.7 1.3 -0.4

Valuation

2021 2022 Change  
Share Price ($) 126.53 102.75 -23.78 -18.8%
Ordinary Shares 147,872,389 149,547,039 1,674,650 1.1%
Market Capitalisation ($) 18,710,293,380 15,365,958,257 -3,344,335,123 -17.9%
Revenue per Share ($) 5.74 7.33 1.59 27.8%
Earnings per Share ($) 11.35 14.73 3.38 29.8%
Equity per Share ($) 5.04 6.91 1.87 37.1%
Dividends per Share ($) 0.00 0.00 0.00 0.0%
Dividend Yield 0.0% 0.0% 0.0%  
Price to Sales Ratio 22.0 14.0 -8.0 -36.4%
Price to Earnings Ratio 11.2 7.0 -4.2 -37.4%
Price to Book Ratio 25.1 14.9 -10.2 -40.7%