Netcompany Group A/S (CPH:NETC) Shares Could Be 27% Below Their Intrinsic Value Estimate
Sep 21
Danish (OMX) Tech Sector Analysis
UpdatedSep 27, 2023
DataAggregated Company Financials
Companies25
- 7D-0.6%
- 3M0.6%
- 1Y26.9%
- YTD18.0%
Over the last 7 days, the Tech industry has remained flat. As for the the longer term, the industry is up 28% over the past 12 months. As for the next few years, earnings are expected to grow by 18% per annum.
Sector Valuation and Performance
Has the Danish Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 27 Sep 2023 | kr.52.1b | kr.15.4b | kr.1.2b | 27.5x | 43x | 3.4x |
| Fri, 25 Aug 2023 | kr.51.2b | kr.15.3b | kr.1.2b | 24.4x | 42.9x | 3.4x |
| Sun, 23 Jul 2023 | kr.53.3b | kr.14.8b | kr.1.3b | 26.5x | 40.5x | 3.6x |
| Tue, 20 Jun 2023 | kr.52.2b | kr.14.8b | kr.1.3b | 26.2x | 39.5x | 3.5x |
| Thu, 18 May 2023 | kr.51.1b | kr.14.6b | kr.1.3b | 25.5x | 39.1x | 3.5x |
| Sat, 15 Apr 2023 | kr.42.8b | kr.14.4b | kr.1.3b | 23.9x | 32.8x | 3x |
| Mon, 13 Mar 2023 | kr.41.8b | kr.14.5b | kr.1.3b | 21.1x | 32.7x | 2.9x |
| Wed, 08 Feb 2023 | kr.44.1b | kr.14.1b | kr.1.3b | 22x | 33.2x | 3.1x |
| Fri, 06 Jan 2023 | kr.43.8b | kr.13.7b | kr.1.2b | 26.7x | 35.1x | 3.2x |
| Sun, 04 Dec 2022 | kr.46.8b | kr.13.4b | kr.1.3b | 27.2x | 37x | 3.5x |
| Tue, 01 Nov 2022 | kr.41.1b | kr.12.8b | kr.1.2b | 26.1x | 34.8x | 3.2x |
| Thu, 29 Sep 2022 | kr.39.3b | kr.12.8b | kr.1.2b | 25.1x | 32.3x | 3.1x |
| Sat, 27 Aug 2022 | kr.47.3b | kr.12.6b | kr.1.2b | 30.2x | 38.9x | 3.7x |
| Mon, 25 Jul 2022 | kr.54.2b | kr.12.1b | kr.1.4b | 33x | 40.1x | 4.5x |
| Wed, 22 Jun 2022 | kr.50.7b | kr.12.2b | kr.1.4b | 36.2x | 37.5x | 4.2x |
| Fri, 20 May 2022 | kr.51.4b | kr.12.1b | kr.1.4b | 36.5x | 36.9x | 4.2x |
| Sun, 17 Apr 2022 | kr.55.5b | kr.11.5b | kr.1.4b | 37x | 39.1x | 4.8x |
| Tue, 15 Mar 2022 | kr.55.0b | kr.11.3b | kr.1.6b | 34.9x | 33.8x | 4.9x |
| Thu, 10 Feb 2022 | kr.60.4b | kr.11.3b | kr.1.6b | 38.4x | 38x | 5.4x |
| Sat, 08 Jan 2022 | kr.75.2b | kr.10.8b | kr.1.4b | 72.9x | 52.7x | 7x |
| Mon, 06 Dec 2021 | kr.76.5b | kr.10.8b | kr.1.4b | 55.5x | 53.7x | 7.1x |
| Wed, 03 Nov 2021 | kr.88.2b | kr.10.5b | kr.1.4b | 41.9x | 62x | 8.4x |
| Fri, 01 Oct 2021 | kr.85.2b | kr.10.5b | kr.1.4b | 41.1x | 59.9x | 8.2x |
| Sun, 29 Aug 2021 | kr.93.7b | kr.10.4b | kr.1.4b | 46.2x | 64.8x | 9x |
| Mon, 05 Jul 2021 | kr.82.4b | kr.10.4b | kr.1.4b | 42.7x | 57x | 7.9x |
| Thu, 08 Apr 2021 | kr.72.0b | kr.9.1b | kr.1.2b | 56.6x | 62.6x | 7.9x |
| Sun, 10 Jan 2021 | kr.76.0b | kr.8.9b | kr.1.0b | 58.7x | 73.7x | 8.5x |
| Sat, 03 Oct 2020 | kr.66.2b | kr.8.8b | kr.968.1m | 43.5x | 68.4x | 7.5x |
Price to Earnings Ratio
68.4x
Current Industry PE
- Investors are pessimistic on the Danish Information Technology industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 43.5x which is lower than its 3-year average PE of 48.9x.
- The 3-year average PS ratio of 5.6x is higher than the industry's current PS ratio of 3.4x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 7.8% per year over the last three years.
- Revenues for these companies have grown 21% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Danish Tech sector?
| DK Market | -0.55% | |
| Tech | -0.58% | |
| Electronic Equipment and Components | 3.72% | |
| Software | 0.47% | |
| Tech Hardware | 0% | |
| Semiconductors | 0% | |
| Communications | -1.10% | |
| IT | -2.73% | |
Industry PE
- Investors are most optimistic about the Software industry, which is trading close to its 3-year average PE ratio of 57.9x.
- Analysts are expecting annual earnings growth of 15.4%, which is higher than its past year's earnings growth of 12.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 28% over the next 5 years.
- However this is lower than its past earnings growth rate of 81% per year.
- In contrast, the Software industry is expected to see its earnings grow by 15% 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 | |
|---|---|---|---|---|---|
| SIM SimCorp | kr.735.00 | 0.3% +kr.98.5m | 58.7% | PE37.8x | |
| CBRAIN cBrain | kr.188.80 | 2.4% +kr.86.1m | 39.9% | PE66.5x | |
| YOYO OrderYOYO | kr.8.82 | 3.8% +kr.28.6m | 64.9% | PS3.7x | |
| SAME Samesystem | kr.1.42 | 27.9% +kr.22.7m | -30.4% | PS2.2x | |
| AGILC Agillic | kr.18.80 | 3.3% +kr.6.7m | -1.3% | PS3x |
