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Finnish (OMX) Tech Sector Analysis

UpdatedMar 27, 2024
DataAggregated Company Financials
Companies32
  • 7D1.6%
  • 3M4.0%
  • 1Y-21.2%
  • YTD3.3%

In the last week, the Tech industry is flat overall, with TietoEVRY Oyj standing out by going down 3.1%. As for the longer term, the industry has declined 23% in the last year. Looking forward, earnings are forecast to grow by 19% annually.

Sector Valuation and Performance

Has the Finnish Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 27 Mar 2024€27.2b€29.0b€1.0b19.3x27x0.9x
Fri, 23 Feb 2024€27.4b€29.1b€1.0b20.4x27x0.9x
Sun, 21 Jan 2024€26.6b€31.1b€4.2b16.7x6.3x0.9x
Tue, 19 Dec 2023€26.2b€31.1b€4.2b16.5x6.2x0.8x
Thu, 16 Nov 2023€27.7b€31.1b€4.2b16.5x6.5x0.9x
Sat, 14 Oct 2023€27.4b€32.4b€4.5b16x6.1x0.8x
Mon, 11 Sep 2023€30.3b€32.3b€4.5b17.7x6.7x0.9x
Wed, 09 Aug 2023€29.5b€32.3b€4.5b20.6x6.5x0.9x
Fri, 07 Jul 2023€32.0b€32.4b€4.7b23.7x6.8x1x
Sun, 04 Jun 2023€32.8b€32.4b€4.7b25.1x7x1x
Tue, 02 May 2023€33.1b€32.2b€4.7b26.4x7.1x1x
Thu, 30 Mar 2023€35.8b€31.7b€4.5b26.1x7.9x1.1x
Sat, 25 Feb 2023€36.0b€31.5b€4.5b27.4x7.9x1.1x
Mon, 23 Jan 2023€34.6b€30.7b€2.1b27.5x16.4x1.1x
Wed, 21 Dec 2022€34.6b€30.7b€2.1b27x16.4x1.1x
Fri, 18 Nov 2022€36.0b€30.7b€2.1b28.1x17x1.2x
Sun, 16 Oct 2022€35.4b€29.6b€2.1b24.6x17.1x1.2x
Tue, 13 Sep 2022€39.2b€29.6b€2.1b31.1x19x1.3x
Thu, 11 Aug 2022€39.7b€29.6b€2.1b28.8x19.2x1.3x
Sat, 09 Jul 2022€37.3b€28.7b€2.0b27.6x18.5x1.3x
Mon, 06 Jun 2022€37.8b€28.7b€2.0b25.8x18.8x1.3x
Wed, 04 May 2022€41.5b€28.6b€2.0b33.5x20.5x1.4x
Fri, 01 Apr 2022€40.8b€28.3b€2.1b26.2x19.2x1.4x
Sun, 27 Feb 2022€39.7b€28.2b€2.1b37.1x18.7x1.4x
Tue, 25 Jan 2022€39.0b€28.2b-€1,313,089,014.0040.4x-29.7x1.4x
Thu, 23 Dec 2021€44.5b€28.1b-€1,310,271,756.0046.8x-34x1.6x
Sat, 20 Nov 2021€43.1b€28.1b-€1,313,671,020.0048.2x-32.8x1.5x
Mon, 18 Oct 2021€43.5b€27.9b-€1,467,744,020.0042.4x-29.7x1.6x
Wed, 15 Sep 2021€40.9b€27.9b-€1,467,795,020.0040.4x-27.9x1.5x
Fri, 13 Aug 2021€43.1b€27.9b-€1,466,235,389.0046.1x-29.4x1.5x
Tue, 08 Jun 2021€35.9b€27.5b-€1,876,391,889.0035.9x-19.1x1.3x
Price to Earnings Ratio

-16.2x


Total Market Cap: €30.3bTotal Earnings: -€1,876,391,889.00Total Revenue: €27.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Finnish Tech Sector Price to Earnings3Y Average 2.1x202220232024
Current Industry PE
  • Investors are optimistic on the Finnish Information Technology industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 26.6x which is higher than its 3-year average PE of 2.1x.
  • The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.93x.
Past Earnings Growth
  • Total earnings for the Information Technology industry have gone up over the last three years, and the industry is now profitable.
  • Revenues have remained mostly flat. This means that the industry has become more efficient since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Finnish Tech sector?

FI Market0.97%
Tech1.63%
Electronic Equipment and Components4.04%
Software2.73%
Communications1.61%
Tech Hardware0%
Semiconductors0%
IT-1.48%
Industry PE
  • Investors are most optimistic about the Software industry which is trading above its 3-year average PE ratio of 127x.
    • Analysts are expecting annual earnings growth of 30.4%, which is higher than its past year's earnings decline of 0.1% per year.
  • Investors are most pessimistic about the IT industry, which is trading below its 3-year average of 17.2x.
Forecasted Growth
  • Analysts are most optimistic on the Software industry, expecting annual earnings growth of 30% over the next 5 years.
  • This is better than its past earnings decline of 0.1% per year.
  • In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 12% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
NOKIA Nokia Oyj€3.291.6%
+€281.7m
-24.0%PE27.6x
QTCOM Qt Group Oyj€75.443.4%
+€62.5m
24.4%PE54x
VAIAS Vaisala Oyj€38.804.4%
+€59.9m
-0.3%PE28.8x
FSECURE F-Secure Oyj€1.869.1%
+€27.2m
-42.4%PE14.5x
SCANFL Scanfil Oyj€8.462.9%
+€15.6m
9.0%PE11.4x
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Latest News

VAIAS

€38.80

Vaisala Oyj

7D

4.4%

1Y

-0.3%

LEMON

€5.76

Lemonsoft Oyj

7D

-4.6%

1Y

-28.2%

BITTI

€5.30

Bittium Oyj

7D

6.0%

1Y

29.0%

TEM1V

€0.27

Tecnotree Oyj

7D

-2.2%

1Y

-37.3%

NOKIA

€3.29

Nokia Oyj

7D

1.6%

1Y

-24.0%

DETEC

€13.60

Detection Technology Oyj

7D

7.1%

1Y

-30.4%

QTCOM

€75.44

Qt Group Oyj

7D

3.4%

1Y

24.4%

FSECURE

€1.86

F-Secure Oyj

7D

9.1%

1Y

-42.4%

ADMCM

€42.20

Admicom Oyj

7D

-1.9%

1Y

1.0%

DWF

€2.84

Digital Workforce Services Oyj

7D

-2.1%

1Y

-39.4%