Kalmar Oyj's (HEL:KALMAR) Price Is Out Of Tune With Revenues
Nov 03
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Finnish (OMX) Machinery Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies17
- 7D-3.7%
- 3M-2.4%
- 1Y17.1%
- YTD9.2%
Over the last 7 days, the Machinery industry has dropped 3.7%, driven by pullbacks in Wärtsilä Oyj Abp and KONE Oyj of 5.0% and 1.9%, respectively. On the other hand Pallas Air Oyj is actually up 58%. Over the past 12 months, the industry was up 17%. Earnings are forecast to grow by 10.0% annually.
Industry Valuation and Performance
Has the Finnish Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | €57.3b | €39.5b | €3.1b | 13.9x | 18.7x | 1.4x |
| Sat, 19 Oct 2024 | €62.6b | €39.4b | €3.0b | 15.7x | 21x | 1.6x |
| Mon, 16 Sep 2024 | €58.8b | €39.4b | €3.0b | 14.7x | 19.7x | 1.5x |
| Wed, 14 Aug 2024 | €56.9b | €39.5b | €3.0b | 15.7x | 18.9x | 1.4x |
| Fri, 12 Jul 2024 | €58.2b | €39.7b | €2.9b | 17.2x | 19.8x | 1.5x |
| Sun, 09 Jun 2024 | €59.1b | €37.7b | €2.8b | 20.4x | 21.5x | 1.6x |
| Tue, 07 May 2024 | €58.5b | €37.7b | €2.8b | 17.5x | 21.2x | 1.6x |
| Thu, 04 Apr 2024 | €53.4b | €38.0b | €2.7b | 17.1x | 19.6x | 1.4x |
| Sat, 02 Mar 2024 | €52.7b | €38.0b | €2.7b | 17.1x | 19.4x | 1.4x |
| Mon, 29 Jan 2024 | €51.5b | €38.6b | €2.5b | 18.9x | 20.4x | 1.3x |
| Wed, 27 Dec 2023 | €50.8b | €38.6b | €2.5b | 18.4x | 20.1x | 1.3x |
| Fri, 24 Nov 2023 | €47.2b | €38.6b | €2.5b | 19.5x | 18.6x | 1.2x |
| Sun, 22 Oct 2023 | €42.5b | €38.7b | €2.4b | 18.7x | 18x | 1.1x |
| Tue, 19 Sep 2023 | €46.7b | €38.7b | €2.4b | 20x | 19.7x | 1.2x |
| Thu, 17 Aug 2023 | €47.9b | €38.7b | €2.4b | 20.1x | 20.3x | 1.2x |
| Sat, 15 Jul 2023 | €51.8b | €37.6b | €2.0b | 27.7x | 25.5x | 1.4x |
| Mon, 12 Jun 2023 | €54.2b | €37.6b | €2.0b | 29.3x | 26.7x | 1.4x |
| Wed, 10 May 2023 | €55.5b | €37.6b | €2.0b | 30.3x | 27.4x | 1.5x |
| Fri, 07 Apr 2023 | €49.3b | €36.2b | €1.6b | 26.3x | 31.4x | 1.4x |
| Sun, 05 Mar 2023 | €51.7b | €36.2b | €1.6b | 28.4x | 32.9x | 1.4x |
| Tue, 31 Jan 2023 | €51.8b | €35.2b | €1.6b | 29.6x | 31.4x | 1.5x |
| Thu, 29 Dec 2022 | €48.3b | €35.0b | €1.7b | 27x | 29.2x | 1.4x |
| Sat, 26 Nov 2022 | €47.4b | €35.0b | €1.7b | 25.1x | 28.7x | 1.4x |
| Mon, 24 Oct 2022 | €40.0b | €33.2b | €1.8b | 25.5x | 21.9x | 1.2x |
| Wed, 21 Sep 2022 | €39.5b | €33.2b | €1.8b | 25.1x | 21.6x | 1.2x |
| Fri, 19 Aug 2022 | €44.2b | €33.2b | €1.8b | 28.9x | 24.2x | 1.3x |
| Sun, 17 Jul 2022 | €43.0b | €32.3b | €2.0b | 17x | 21.4x | 1.3x |
| Tue, 14 Jun 2022 | €44.7b | €32.3b | €2.0b | 19.4x | 22.3x | 1.4x |
| Thu, 12 May 2022 | €42.7b | €32.3b | €2.0b | 19.5x | 21.3x | 1.3x |
| Sat, 09 Apr 2022 | €47.8b | €32.1b | €2.3b | 22.8x | 20.7x | 1.5x |
| Mon, 07 Mar 2022 | €46.3b | €32.1b | €2.3b | 21.3x | 20.1x | 1.4x |
| Wed, 02 Feb 2022 | €58.5b | €31.5b | €2.2b | 29x | 26.1x | 1.9x |
| Fri, 31 Dec 2021 | €62.7b | €31.1b | €2.2b | 32x | 28.3x | 2x |
| Sun, 28 Nov 2021 | €59.4b | €31.1b | €2.2b | 29.7x | 26.8x | 1.9x |
Price to Earnings Ratio
26.8x
Current Industry PE
- Investors are pessimistic on the Finnish Machinery 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 18.7x which is lower than its 3-year average PE of 23.3x.
- The industry is trading close to its 3-year average PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have grown 11% per year over the last three years.
- Revenues for these companies have grown 8.3% 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 Finnish Industrials industry?
| FI Market | -1.00% | |
| Industrials | -3.54% | |
| Machinery | -3.71% | |
| Agricultural Machinery | -1.79% | |
| Construction Machinery and Vehicles | -3.13% | |
| Industrial Machinery | -3.81% | |
Industry PE
- Investors are most optimistic about the Agricultural Machinery industry which is trading above its 3-year average PE ratio of 12.5x.
- Analysts are expecting annual earnings growth of 55.1%, which is higher than its past year's earnings decline of 75.5% per year.
- Investors are most pessimistic about the Construction Machinery and Vehicles industry, which is trading below its 3-year average of 21.2x.
Forecasted Growth
- Analysts are most optimistic on the Agricultural Machinery industry, expecting annual earnings growth of 55% over the next 5 years.
- This is better than its past earnings decline of 76% per year.
- In contrast, the Industrial Machinery industry is expected to see its earnings grow by 9.1% 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 | |
|---|---|---|---|---|---|
| PALLAS Pallas Air Oyj | €0.95 | 58.3% +€450.2k | -97.1% | PS0.2x |