Has the Finnish Market valuation changed over the past few years?

Investors are pessimistic on the market, indicating that they anticipate earnings will not grow as fast as they have historically. The market is trading at a PE ratio of 17.3x which is lower than its 3-year average PE of 21.7x. This is at odds with analyst estimates, who expect earnings to grow in the future.

Which sectors have driven the changes within the Finnish Market?

Investors are most optimistic about the Consumer Staples sector which is trading above its 3-year average PE ratio of 21.6x. Analysts are expecting annual earnings growth of 4.0%, which is lower than the prior year's growth of 4.8% per year. This could indicate that the market believes that analysts are underestimating future growth. Investors are most pessimistic about the Real Estate sector, which is trading below its 3-year average of 18.6x.

Finnish (OMX) Market Analysis & Valuation

Date	Market Cap	Revenue	Earnings	PE
Mon, 23 May 2022	€255.0b	€313.5b	€13.1b	17.3x
Wed, 20 Apr 2022	€267.8b	€286.0b	€16.5b	19x
Fri, 18 Mar 2022	€267.6b	€283.3b	€14.7b	19.1x
Sun, 13 Feb 2022	€287.5b	€254.5b	€13.5b	22x
Tue, 11 Jan 2022	€303.1b	€247.4b	€8.8b	24.4x
Thu, 09 Dec 2021	€302.1b	€247.0b	€8.8b	23.5x
Sat, 06 Nov 2021	€303.9b	€237.6b	€9.7b	23.7x
Mon, 04 Oct 2021	€292.9b	€232.9b	€8.0b	23.4x
Wed, 01 Sep 2021	€317.1b	€232.6b	€8.0b	25x
Thu, 08 Jul 2021	€296.5b	€232.6b	€8.0b	23x
Wed, 31 Mar 2021	€273.5b	€223.4b	€6.6b	23.6x
Sat, 02 Jan 2021	€264.8b	€199.9b	€5.0b	24.1x
Tue, 06 Oct 2020	€242.2b	€184.1b	€11.4b	22.3x
Fri, 10 Jul 2020	€217.7b	€172.8b	€10.7b	20.7x
Thu, 02 Apr 2020	€182.8b	€164.7b	€11.4b	17.9x
Sun, 05 Jan 2020	€224.1b	€168.5b	€11.2b	20.7x
Wed, 09 Oct 2019	€215.2b	€164.8b	€9.3b	18x
Tue, 02 Jul 2019	€211.8b	€163.9b	€9.6b	19.1x


FI Market	-0.16%
Utilities	4.27%
Real Estate	3.53%
Healthcare	2.95%
Industrials	1.78%
Materials	1.38%
Telecom	-0.061%
Consumer Discretionary	-0.21%
Energy	-0.52%
Tech	-1.13%
Consumer Staples	-3.00%
Financials	-7.24%

Company	Last Price	7D	1Y	Valuation	Sector
FORTUM Fortum Oyj	€17.73	4.3% +€644.0m	-24.6%	PS0.1x	Utilities
KNEBV KONE Oyj	€45.01	1.8% +€419.7m	-33.4%	PS24.5x	Industrials
STERV Stora Enso Oyj	€17.80	2.6% +€350.9m	18.1%	PS9.9x	Materials
UPM UPM-Kymmene Oyj	€32.27	1.9% +€314.7m	0.3%	PS14.4x	Materials
MOCORP Metso Outotec Oyj	€8.05	4.8% +€303.3m	-14.5%	PS21x	Industrials

May 19

Nokia Launches Mx Boost for Private Wireless to Optimize Reliability and Performance for the Most Demanding Industry Use Cases

Nokia announced it is introducing MX Boost for private wireless which combines disparate radiotechnologies and spectrum to achieve the best possible reliability and performance fordemanding Industry 4.0 use cases.Using MX Boost, organizationscanaggregateradio technologies,such as Wi-Fi and 4.9G/LTE, as well as spectrum, to optimize throughputand improvedeterminism, which is the ability of the network to guarantee performance,even in challenging radio conditions for real-time applications. Adoption of private 4.9G/LTE and 5G is growing, allowing industries to gain new insights and capabilities from their operational data through reliable, secure low latency connectivity of assets. In parallel, legacy assets will continue to be in operation and enterprises need to retain existing wireless connectivity solutions like Wi-Fi. Industries also seek additional options in terms of spectrum use as they ramp-up asset connectivity and need more data capacity. Nokia has developed MX Boost for private wireless, a Nokia Bell Labs patented innovation, to allow enterprises to combine and use different radio technologies in the most effective way, while at the same time enhancing network performance in challenging radio conditions such as typical in ports, metal factories and mines. The MX Boost routing applications run on connected devices and at the Nokia MX Industrial Edge (MXIE) on-premises solution. Leveraging unique algorithms and real-time link testing, MX Boost automatically selects the strongest radio link and delivers the combined radio stream to either boost throughput in challenging radio conditions, or determinism. Nokia MX Boost allows industries to choose how they combine connectivity paths to meet their specific needs. Some examples include: Enhancing private 4.9G/LTE data rate and capacity for operational technology (OT) applications by aggregating 4.9G/LTE and Wi-Fi, while keeping the reliability of 4.9G/LTE. Improving reliability, using two radio technologies simultaneously such as two 4.9G/LTE bands, for very deterministic uses cases requiring very stable low latency. MX Boost functions at the IP layer, meaning it is very easy to aggregate very different connectivity technologies without complexity, such as combining terrestrial technologies with satellite connectivity, ultimately offering endless combination possibilities. For industrial sites, MX boost also functions with brownfield non-Nokia Wi-Fi or other wireless technologies, allowing enterprises to combine it with private 4.9G/LTE for increased determinism and increased capacity.

Apr 03

Nokian Tyres Extends its Truck and Bus Range with Three New Products

Even in these days of global road transports, the choice of tires still varies from country to country. Different road conditions, legislation and vehicles make sure that one tire never fits all. To serve as many professional drivers as possible, Nokian Tyres has extended its truck tire selection with three new tire sizes, each answering a specific need. While the wide Super Single trailer wheels are popular in many countries, the heaviest truck trailers need dual wheels. For example, in the Nordic countries the heaviest allowed truck trailers tip the scales at 76 tons. For these heavyweights, Nokian Tyres offers the new Nokian Tyres Hakka Truck Trailer tire in size 275/70R22.5. The new tire size is meant for dual configuration in the heaviest truck trailers. Its impressive service life, smooth rolling and excellent grip continues the tradition of safe, sustainable and economical mileage offered by the Nokian Tyres Hakka Truck range of premium tires. Nokian Tyres Hakkapeliitta E2: Another new tire size 275/70R22.5 is aimed mainly for Nordic and Alpine regions – wherever the road conditions may suddenly get extreme. Nokian Tyres Hakkapeliitta E2 is the winter truck tire for drive axle by Nokian Tyres. It reduces the need for chains as it offers the next-generation grip, longevity, durability and a low rolling resistance. Nokian Tyres E-Truck Trailer XL: The Nokian Tyres E-Truck product line is designed with a safe, economical mileage on Central European roads in mind – although it is popular also in the less severe Nordic conditions. Now there is a new XL model that offers excellent load-bearing capacity for Super Single truck trailers. A notable feature with many commercial tires by Nokian Tyres is the availability of a compatible Noktop retreads. With their identical tread pattern and highly controlled curing process, the retreaded Noktop tires offer properties that are very close to the original tire. Noktop retreads are available for all Nokian Tyres Hakkapeliitta E2 and Nokian Tyres Hakka Truck Trailer tire sizes as well as for other most common tire sizes.

Finnish (OMX) Market Analysis & Valuation

Market Valuation and Performance

Sector Trends

Top Stock Gainers and Losers

Latest News

FORTUM

Hafslund Eco AS, Infranode Ab and HitecVision AS (OTCNO:HITV) completed the acquisition of 50% stake in Fortum Oslo Varme AS from Fortum Oyj (HLSE:FORTUM).

MUSTI

Is There An Opportunity With Musti Group Oyj's (HEL:MUSTI) 26% Undervaluation?

NOKIA

Nokia Launches Mx Boost for Private Wireless to Optimize Reliability and Performance for the Most Demanding Industry Use Cases

SAMPO

Sampo plc Announces Appointment of Steve Langan as Board Member

WRT1V

Consensus forecasts updated

KESKOB

Price target decreased to €26.67

STERV

Local management acquired Three corrugated packaging plants from Stora Enso Oyj (HLSE:STERV).

KOJAMO

First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

NESTE

Neste Oyj (HEL:NESTE) Has Announced That It Will Be Increasing Its Dividend To €0.41

MOCORP

Slowing Rates Of Return At Metso Outotec Oyj (HEL:MOCORP) Leave Little Room For Excitement

QTCOM

Is There An Opportunity With Qt Group Oyj's (HEL:QTCOM) 46% Undervaluation?

UPM

Consensus EPS estimates increase by 13%

ORNBV

Orion Oyj Announces Executive Changes

HUH1V

First quarter 2022 earnings released: EPS: €0.63 (vs €0.45 in 1Q 2021)

KNEBV

First quarter 2022 earnings: Revenues miss analyst expectations

TYRES

Nokian Tyres Extends its Truck and Bus Range with Three New Products