Nokian Renkaat Oyj's (HEL:TYRES) Subdued P/S Might Signal An Opportunity
Dec 20
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Finnish (OMX) Consumer Discretionary Sector Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies22
- 7D-1.6%
- 3M-7.1%
- 1Y-8.8%
- YTD-8.9%
Over the last 7 days, the Consumer Discretionary industry has dropped 1.6%, driven by Nokian Renkaat Oyj declining 5.1%. On the other hand YIT Oyj is actually up 5.0%. Overall the industry is down 8.8% in 12 months. Looking forward, earnings are forecast to grow by 48% annually.
Sector Valuation and Performance
Has the Finnish Consumer Discretionary Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | €7.7b | €11.6b | €94.0m | 21.1x | 82.1x | 0.7x |
| Tue, 19 Nov 2024 | €8.3b | €12.2b | €70.6m | 21.3x | 117x | 0.7x |
| Thu, 17 Oct 2024 | €8.7b | €12.3b | €126.7m | 21.3x | 68.3x | 0.7x |
| Sat, 14 Sep 2024 | €8.7b | €12.3b | €124.0m | 21.3x | 70.2x | 0.7x |
| Mon, 12 Aug 2024 | €8.7b | €11.6b | €146.1m | 21.3x | 59.5x | 0.7x |
| Wed, 10 Jul 2024 | €8.9b | €11.7b | €231.5m | 23.8x | 38.5x | 0.8x |
| Fri, 07 Jun 2024 | €9.2b | €11.7b | €231.8m | 24.9x | 39.7x | 0.8x |
| Sun, 05 May 2024 | €8.9b | €11.5b | €239.6m | 22.3x | 37.3x | 0.8x |
| Tue, 02 Apr 2024 | €8.9b | €11.6b | €320.5m | 21.2x | 27.7x | 0.8x |
| Thu, 29 Feb 2024 | €8.5b | €11.5b | €317.3m | 20.9x | 26.8x | 0.7x |
| Sat, 27 Jan 2024 | €8.6b | €12.1b | €106.0m | 24.9x | 81.1x | 0.7x |
| Mon, 25 Dec 2023 | €8.5b | €12.1b | €106.0m | 25.5x | 80.4x | 0.7x |
| Wed, 22 Nov 2023 | €7.7b | €12.1b | €107.8m | 22.4x | 71x | 0.6x |
| Fri, 20 Oct 2023 | €7.4b | €12.2b | €95.3m | 19.8x | 77.4x | 0.6x |
| Sun, 17 Sep 2023 | €8.0b | €12.2b | €98.8m | 22.2x | 81.1x | 0.7x |
| Tue, 15 Aug 2023 | €7.7b | €12.2b | €95.3m | 19.7x | 80.9x | 0.6x |
| Thu, 13 Jul 2023 | €7.7b | €12.4b | €248.1m | 18.4x | 31.2x | 0.6x |
| Sat, 10 Jun 2023 | €7.6b | €12.4b | €247.5m | 17.6x | 30.9x | 0.6x |
| Mon, 08 May 2023 | €7.9b | €12.4b | €249.5m | 17.3x | 31.8x | 0.6x |
| Wed, 05 Apr 2023 | €7.7b | €12.5b | €297.1m | 15.9x | 26x | 0.6x |
| Fri, 03 Mar 2023 | €7.8b | €12.5b | €305.4m | 14.7x | 25.4x | 0.6x |
| Sun, 29 Jan 2023 | €8.2b | €13.0b | €360.0m | 14.8x | 22.7x | 0.6x |
| Tue, 27 Dec 2022 | €7.5b | €13.0b | €360.0m | 13.4x | 20.7x | 0.6x |
| Thu, 24 Nov 2022 | €7.9b | €12.9b | €359.7m | 14.4x | 21.9x | 0.6x |
| Sat, 22 Oct 2022 | €7.6b | €12.8b | €409.1m | 15.2x | 18.5x | 0.6x |
| Mon, 19 Sep 2022 | €8.1b | €12.8b | €409.1m | 16.3x | 19.7x | 0.6x |
| Wed, 17 Aug 2022 | €9.1b | €12.6b | €408.2m | 16.3x | 22.4x | 0.7x |
| Fri, 15 Jul 2022 | €8.7b | €12.6b | €644.5m | 14x | 13.5x | 0.7x |
| Sun, 12 Jun 2022 | €9.3b | €12.5b | €644.1m | 14x | 14.5x | 0.7x |
| Tue, 10 May 2022 | €8.4b | €9.5b | €625.1m | 14.6x | 13.4x | 0.9x |
| Thu, 07 Apr 2022 | €9.9b | €9.3b | €575.4m | 17.2x | 17.2x | 1.1x |
| Sat, 05 Mar 2022 | €9.6b | €8.4b | €590.7m | 16.6x | 16.2x | 1.1x |
| Mon, 31 Jan 2022 | €13.1b | €8.1b | €316.3m | 19.2x | 41.5x | 1.6x |
| Wed, 29 Dec 2021 | €14.1b | €8.1b | €316.5m | 20.5x | 44.6x | 1.7x |
Price to Earnings Ratio
44.6x
Current Industry PE
- Investors are optimistic on the Finnish Consumer Discretionary industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 82.1x which is higher than its 3-year average PE of 43.1x.
- The industry is trading close to its 3-year average PS ratio of 0.77x.
Past Earnings Growth
- The earnings for companies in the Consumer Discretionary industry have declined 33% per year over the last three years.
- Meanwhile revenues for these companies have grown 13% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Finnish Consumer Discretionary sector?
| FI Market | -2.40% | |
| Consumer Discretionary | -1.58% | |
| Consumer Durables | 2.53% | |
| Hospitality | 1.56% | |
| Auto | 0% | |
| Consumer Services | 0% | |
| Online Retail and Ecommerce | 0% | |
| Luxury | -1.89% | |
| Leisure | -2.05% | |
| General Merchandise and Department Stores | -2.20% | |
| Retail Distributors | -2.98% | |
| Auto Components | -5.13% | |
| Specialty Stores | -5.25% | |
Industry PE
- Investors are most optimistic about the Specialty Stores industry which is trading above its 3-year average PE ratio of 89.6x.
- Analysts are expecting annual earnings growth of 41.9%, which is higher than its past year's earnings decline of 54.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Consumer Durables industry, expecting annual earnings growth of 84% over the next 5 years.
- This is better than its past earnings decline of 20% per year.
- In contrast, the Retail Distributors industry is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|
| YIT YIT Oyj | €2.38 | 5.0% +€26.3m | 20.5% | PS0.3x | |
| FSKRS Fiskars Oyj Abp | €14.52 | 1.8% +€21.0m | -20.1% | PE63.8x | |
| NOHO NoHo Partners Oyj | €7.92 | 3.9% +€6.3m | -7.5% | PE21.3x | |
| PURMO Purmo Group Oyj | €11.30 | 0.4% +€2.1m | 68.7% | PS0.7x | |
| VIK1V Viking Line Abp | €20.70 | 0.5% +€1.7m | 9.8% | PE25.7x |
