VALUATION OVERVIEW

TECHNOLOGY (HARDWARE)

Networking equipment

Electronics hardware

Component makers

Semiconductors

TECHNOLOGY (SOFTWARE)

Application software

Cloud infrastructure software

Cyber security software

Gaming software

IT Services

INTERNET & MEDIA

Advertising

Internet

Film & TV

Publishing

TELECOMS

European telecom operators

US telecom operators

Asian telecom operators

APPENDIX: OUR “THEMATIC” RESEARCH METHODOLOGY

In the last five years, technology and media companies have outperformed global stock markets by over 100%. Some believe this rally is overdone. In recent weeks we’ve seen signs of a correction. Meanwhile, a raft of emerging technology cycles – Big Data, cloud, 3D printing, robotics, software defined networking, artificial intelligence, driverless cars, mobile payments and wearable technology – are set to ignite one of the most dynamic periods of creative destruction that investors will have seen for a generation.

 

In this report, we use two company screens to guide investors through the technology jungle: a valuation screen which uses pricing signals to rank TMT companies alongside their global peers ; and a thematic screen which uses our trend analysis skills to predict the likely winners and losers.

 

Scope

This report is part of our ecosystem of thematic investment research reports, supported by our “thematic engine”.

 

About our Thematic Research Ecosystem

 

GlobalData has developed a unique thematic methodology for valuing technology, media and telecom companies based on their relative strength in the big investment themes that are impacting their industry. Whilst most investment research is underpinned by backwards looking company valuation models, GlobalData’s thematic methodology identifies which companies are best placed to succeed in a future filled with multiple disruptive threats. To do this, GlobalData tracks the performance of the top 600 technology, media and telecom stocks against the 50 most important themes driving their earnings, generating 30,000 thematic scores. The algorithms in GlobalData’s “thematic engine” help to clearly identify the winners and losers within the TMT sector. Our 600 TMT stocks are categorised into 18 sectors. Each sector scorecard has a thematic screen, a risk screen and a valuation screen. Our thematic research ecosystem has a three-tiered reporting structure: single theme, multi-theme and sector scorecard. This report is a Single Theme report, offering in-depth research into a specific theme. It identifies winners and losers based on technology leadership, market position and other factors.

 

Reasons to buy

Our thematic investment research product, supported by our thematic engine, is aimed at senior (C-Suite) executives in the corporate world as well as institutional investors.

 

Corporations: Helps CEOs in all industries understand the disruptive threats to their competitive landscape

Investors: Helps fund managers focus their time on the most interesting investment opportunities in global TMT.

Our unique differentiator, compared to all our rival thematic research houses, is that our thematic engine has a proven track record of predicting winners and losers.

 

Companies mentioned

21 Vianet

 

21st Century Fox

 

3D Systems

 

51job

 

58.com

 

AAC Technologies

 

ABB

 

ABS CBN broadcasting

 

Accenture

 

Acer

 

Activision Blizzard

 

Acxiom

 

Adobe

 

ADP

 

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