Downgrade: Here's How This Analyst Sees eQ Oyj (HEL:EQV1V) Performing In The Near Term
Oct 26
Finnish (OMX) Financials Sector Analysis
UpdatedDec 01, 2023
DataAggregated Company Financials
Companies20
- 7D1.2%
- 3M-2.9%
- 1Y-17.0%
- YTD-16.4%
The Financials industry is up 1.2% in the last week, with Sampo Oyj up 1.9%. In the same time, Evli Oyj was down 6.5%. In the past year, the industry is down 17%. Looking forward, earnings are forecast to grow by 18% annually.
Sector Valuation and Performance
Has the Finnish Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 01 Dec 2023 | €26.2b | €9.3b | €752.3m | 16x | 34.8x | 2.8x |
| Sun, 29 Oct 2023 | €24.5b | €9.2b | €772.8m | 15.2x | 31.7x | 2.7x |
| Tue, 26 Sep 2023 | €24.7b | €9.0b | €952.7m | 15.9x | 25.9x | 2.7x |
| Thu, 24 Aug 2023 | €24.4b | €9.9b | €948.2m | 15.7x | 25.8x | 2.5x |
| Sat, 22 Jul 2023 | €24.4b | €9.2b | €1.3b | 15.2x | 18.3x | 2.6x |
| Mon, 19 Jun 2023 | €26.0b | €9.2b | €1.3b | 15.6x | 19.5x | 2.8x |
| Wed, 17 May 2023 | €27.5b | €9.6b | €1.3b | 16.1x | 20.7x | 2.9x |
| Fri, 14 Apr 2023 | €27.2b | €9.5b | €1.7b | 15x | 16.1x | 2.9x |
| Sun, 12 Mar 2023 | €26.9b | €9.6b | €1.7b | 15x | 15.9x | 2.8x |
| Tue, 07 Feb 2023 | €29.6b | €10.9b | €2.5b | 13.6x | 11.7x | 2.7x |
| Thu, 05 Jan 2023 | €30.1b | €10.8b | €2.5b | 13.3x | 11.9x | 2.8x |
| Sat, 03 Dec 2022 | €29.5b | €10.8b | €2.5b | 12.4x | 11.7x | 2.7x |
| Mon, 31 Oct 2022 | €28.5b | €11.2b | €2.7b | 11.4x | 10.5x | 2.5x |
| Wed, 28 Sep 2022 | €27.5b | €11.2b | €2.7b | 11.4x | 10.1x | 2.5x |
| Fri, 26 Aug 2022 | €28.3b | €11.2b | €2.7b | 12.2x | 10.4x | 2.5x |
| Sun, 24 Jul 2022 | €25.9b | €13.6b | €2.9b | 11.8x | 8.9x | 1.9x |
| Tue, 21 Jun 2022 | €26.3b | €13.6b | €2.9b | 10.9x | 9x | 1.9x |
| Thu, 19 May 2022 | €29.0b | €13.6b | €2.9b | 11.1x | 10x | 2.1x |
| Sat, 16 Apr 2022 | €29.7b | €14.8b | €2.9b | 12.9x | 10.3x | 2x |
| Mon, 14 Mar 2022 | €27.9b | €13.0b | €1.1b | 14.1x | 26.2x | 2.1x |
| Wed, 09 Feb 2022 | €29.7b | €13.0b | €1.1b | 14.5x | 27.9x | 2.3x |
| Fri, 07 Jan 2022 | €30.5b | €13.0b | €1.1b | 14.9x | 28.7x | 2.4x |
| Sun, 05 Dec 2021 | €28.8b | €12.7b | €1.1b | 13.2x | 27.1x | 2.3x |
| Tue, 02 Nov 2021 | €30.8b | €12.8b | €923.8m | 14.7x | 33.3x | 2.4x |
| Thu, 30 Sep 2021 | €28.5b | €12.8b | €905.6m | 14.7x | 31.5x | 2.2x |
| Sat, 28 Aug 2021 | €29.4b | €12.8b | €907.3m | 16.3x | 32.4x | 2.3x |
| Sun, 04 Jul 2021 | €26.0b | €12.8b | €905.4m | 13.9x | 28.7x | 2x |
| Wed, 07 Apr 2021 | €25.2b | €12.6b | €609.3m | 13.4x | 41.3x | 2x |
| Sat, 09 Jan 2021 | €22.5b | €9.4b | €232.5m | 17.4x | 96.9x | 2.4x |
Price to Earnings Ratio
17x
Current Industry PE
- Investors are optimistic on the Finnish Financials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 34.8x which is higher than its 3-year average PE of 28.7x.
- The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 2.8x.
Past Earnings Growth
- The earnings for companies in the Financials industry have declined 18% per year over the last three years,
- Revenues have also declined 2.2% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Finnish Financials sector?
| FI Market | 0.73% | |
| Financials | 1.22% | |
| Insurance | 1.75% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Diversified Financial | 0% | |
| Consumer Finance | 0% | |
| Banks | -0.81% | |
| Capital Markets | -2.19% | |
Industry PE
- Investors are most optimistic about the Insurance industry even though it's trading below its 3-year average PE ratio of 69.0x.
- Analysts are expecting annual earnings growth of 17.6%, which is higher than its past year's earnings decline of 69.9% per year.
- Investors are most pessimistic about the Banks industry, which is trading close to its 3-year average of 12.4x.
Forecasted Growth
- Analysts are most optimistic on the Banks industry, expecting annual earnings growth of 25% over the next 5 years.
- This is better than its past earnings growth rate of 14% per year.
- In contrast, the Capital Markets 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 | |
|---|---|---|---|---|---|
| SAMPO Sampo Oyj | €40.30 | 1.6% +€323.7m | -16.7% | PE26.7x | |
| MANTA Mandatum Oyj | €3.96 | 4.6% +€86.8m | n/a | PS38.4x | |
| AKTIA Aktia Pankki Oyj | €9.02 | 0.3% +€2.2m | -9.3% | PB1x | |
| OMASP Oma Säästöpankki Oyj | €19.86 | 0.2% +€1.3m | 9.0% | PB1.3x | |
| INDERES Inderes Oyj | €19.35 | 3.2% +€1.0m | -31.1% | n/a |