Earnings Update: Nilfisk Holding A/S (CPH:NLFSK) Just Reported Its Third-Quarter Results And Analysts Are Updating Their Forecasts
Nilfisk Holding A/S ( CPH:NLFSK ) last week reported its latest quarterly results, which makes it a good time for...
Has the Danish Machinery Industry valuation changed over the past few years?
|Sat, 27 Nov 2021||kr.21.3b||kr.23.5b||kr.370.1m||19.6x|
|Mon, 25 Oct 2021||kr.23.1b||kr.23.2b||kr.298.0m||43.7x|
|Wed, 22 Sep 2021||kr.20.8b||kr.23.2b||kr.298.1m||39.2x|
|Fri, 20 Aug 2021||kr.19.0b||kr.23.2b||kr.298.0m||35.2x|
|Fri, 04 Jun 2021||kr.19.6b||kr.22.4b||kr.230.3m||95.3x|
|Mon, 08 Mar 2021||kr.18.1b||kr.23.1b||kr.201.7m||34.2x|
|Thu, 10 Dec 2020||kr.14.8b||kr.25.0b||kr.352.3m||28.5x|
|Wed, 02 Sep 2020||kr.12.2b||kr.26.2b||kr.452.1m||12.6x|
|Sat, 06 Jun 2020||kr.12.3b||kr.28.3b||kr.777.5m||12.1x|
|Tue, 10 Mar 2020||kr.15.7b||kr.28.4b||kr.858.7m||14.4x|
|Mon, 02 Dec 2019||kr.16.7b||kr.28.1b||kr.922.2m||14.1x|
|Thu, 05 Sep 2019||kr.19.1b||kr.27.9b||kr.858.6m||11.8x|
|Sun, 09 Jun 2019||kr.19.4b||kr.27.3b||kr.868.6m||81.4x|
|Sat, 02 Mar 2019||kr.23.8b||kr.27.2b||kr.907.7m||40.2x|
|Tue, 04 Dec 2018||kr.24.1b||kr.26.8b||kr.693.0m||46.2x|
Current Industry PE: Investors are more pessimistic on the industry, considering it's trading at a PE ratio of 24.1x which is lower than its 3-year average PE of 36.2x. It appears they believe that earnings will not grow as fast as they have historically.
Past Earnings Growth: The earnings for companies in the Machinery industry have declined 24% per year over the last three years, and revenues have also declined 4.8% per year. This means overall sales from these companies are declining and profits are subsequently falling as well.
Which industries have driven the changes within the Danish Machinery industry?
|Construction Machinery and Vehicles||-8.63%|
Industry PE: Investors are most optimistic about the Construction Machinery and Vehicles industry which is trading above its 3-year average PE ratio of 29.1x. This is likely because analysts are expecting annual earnings growth of 38%, which is higher than its past year's earnings decline of 49% per year. Meanwhile, investors are most pessimistic about the Industrial Machinery industry, which is trading below its 3-year average of 497x.
Forecasted Growth: Analysts are most optimistic on the Construction Machinery and Vehicles industry, expecting annual earnings growth of 38% over the next 5 years. This is better than its past earnings decline of 49% per year. Meanwhile, the Industrial Machinery industry is expected to see its earnings grow by 23% per year over the next few years.
Glunz & Jensen Holding