Is Incap Oyj (HEL:ICP1V) Using Too Much Debt?
Jan 21
Have your own idea? Try our Stock Screener
Finnish (OMX) Tech Sector Analysis
UpdatedJan 21, 2025
DataAggregated Company Financials
Companies31
- 7D3.3%
- 3M0.9%
- 1Y30.8%
- YTD3.3%
In the last week, the Tech industry is up 2.7%, with Nokia Oyj up 1.6%. This means that the industry has gained 30% over the past year. As for the next few years, earnings are expected to grow by 18% per annum.
Sector Valuation and Performance
Has the Finnish Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 22 Jan 2025 | €33.2b | €26.4b | €1.3b | 26x | 26.4x | 1.3x |
| Fri, 20 Dec 2024 | €31.5b | €26.4b | €1.3b | 24.7x | 25.1x | 1.2x |
| Sun, 17 Nov 2024 | €31.5b | €26.4b | €1.3b | 25x | 25.1x | 1.2x |
| Tue, 15 Oct 2024 | €31.1b | €26.7b | €1.3b | 23.9x | 24.7x | 1.2x |
| Thu, 12 Sep 2024 | €30.1b | €26.8b | €1.3b | 23.1x | 23.8x | 1.1x |
| Sat, 10 Aug 2024 | €28.5b | €26.8b | €1.3b | 20.7x | 22.7x | 1.1x |
| Mon, 08 Jul 2024 | €29.1b | €27.8b | €1.1b | 23.1x | 25.5x | 1x |
| Wed, 05 Jun 2024 | €29.4b | €27.8b | €1.1b | 23.7x | 25.8x | 1.1x |
| Fri, 03 May 2024 | €27.5b | €27.8b | €1.2b | 22x | 23.9x | 1x |
| Sun, 31 Mar 2024 | €27.2b | €29.0b | €1.0b | 19.4x | 27x | 0.9x |
| Tue, 27 Feb 2024 | €27.1b | €29.0b | €1.0b | 20.3x | 26.9x | 0.9x |
| Thu, 25 Jan 2024 | €27.0b | €31.1b | €4.2b | 16.9x | 6.4x | 0.9x |
| Sat, 23 Dec 2023 | €26.8b | €31.1b | €4.2b | 16.7x | 6.3x | 0.9x |
| Mon, 20 Nov 2023 | €27.3b | €31.1b | €4.2b | 17.3x | 6.5x | 0.9x |
| Wed, 18 Oct 2023 | €27.6b | €32.4b | €4.5b | 15.7x | 6.1x | 0.9x |
| Fri, 15 Sep 2023 | €30.1b | €32.3b | €4.5b | 17.5x | 6.7x | 0.9x |
| Sun, 13 Aug 2023 | €29.4b | €32.3b | €4.5b | 22.2x | 6.5x | 0.9x |
| Tue, 11 Jul 2023 | €32.0b | €32.4b | €4.7b | 23.4x | 6.8x | 1x |
| Thu, 08 Jun 2023 | €32.5b | €32.4b | €4.7b | 25.2x | 7x | 1x |
| Sat, 06 May 2023 | €32.5b | €32.4b | €4.7b | 26.2x | 6.9x | 1x |
| Mon, 03 Apr 2023 | €36.8b | €31.7b | €4.5b | 27x | 8.1x | 1.2x |
| Wed, 01 Mar 2023 | €36.4b | €31.6b | €4.5b | 31x | 8x | 1.2x |
| Fri, 27 Jan 2023 | €35.6b | €31.8b | €4.6b | 28.1x | 7.8x | 1.1x |
| Sun, 25 Dec 2022 | €34.9b | €30.7b | €2.1b | 27.4x | 16.5x | 1.1x |
| Tue, 22 Nov 2022 | €36.1b | €30.7b | €2.1b | 27.3x | 17.1x | 1.2x |
| Thu, 20 Oct 2022 | €36.2b | €29.7b | €2.1b | 25.1x | 17.6x | 1.2x |
| Sat, 17 Sep 2022 | €35.9b | €29.6b | €2.1b | 29.7x | 17.4x | 1.2x |
| Mon, 15 Aug 2022 | €39.8b | €29.6b | €2.1b | 31.8x | 19.3x | 1.3x |
| Wed, 13 Jul 2022 | €37.3b | €28.7b | €2.0b | 27.4x | 18.5x | 1.3x |
| Fri, 10 Jun 2022 | €37.5b | €28.7b | €2.0b | 25.5x | 18.6x | 1.3x |
| Sun, 08 May 2022 | €37.9b | €28.7b | €2.0b | 24.1x | 18.8x | 1.3x |
| Tue, 05 Apr 2022 | €41.8b | €28.3b | €2.1b | 26.9x | 19.7x | 1.5x |
| Thu, 03 Mar 2022 | €39.5b | €28.3b | €2.1b | 35.2x | 18.7x | 1.4x |
| Sat, 29 Jan 2022 | €41.2b | €28.2b | -€1,307,169,014.00 | 44.9x | -31.5x | 1.5x |
Price to Earnings Ratio
-31.5x
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 26.2x which is higher than its 3-year average PE of 16.0x.
- The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.3x.
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 declined 2.2% per year.
- This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the Finnish Tech sector?
| FI Market | 2.03% | |
| Tech | 3.31% | |
| Electronic Equipment and Components | 8.56% | |
| Software | 5.94% | |
| Communications | 2.62% | |
| IT | 0.71% | |
| Tech Hardware | 0% | 0 |
| Semiconductors | 0% | 0 |
Industry PE
- Investors are most optimistic about the Software industry even though it's trading below its 3-year average PE ratio of 126x.
- Analysts are expecting annual earnings growth of 26.1%, which is higher than its past year's earnings decline of 8.9% per year.
- Investors are most pessimistic about the IT industry, which is trading close to its 3-year average of 15.4x.
Forecasted Growth
- Analysts are most optimistic on the Software industry, expecting annual earnings growth of 26% over the next 5 years.
- This is better than its past earnings decline of 8.9% per year.
- In contrast, the IT industry is expected to see its earnings grow by 14% 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 | |
|---|---|---|---|---|---|
| NOKIA Nokia Oyj | €4.45 | 1.3% +€291.0m | 40.6% | PE26.2x | |
| VAIAS Vaisala Oyj | €53.50 | 15.4% +€259.5m | 48.4% | PE35.2x | |
| QTCOM Qt Group Oyj | €76.60 | 5.6% +€102.8m | 14.9% | PE42x | |
| TIETO TietoEVRY Oyj | €17.60 | 3.1% +€62.9m | -16.8% | PE13x | |
| CANATU Canatu Oyj | €12.60 | 9.6% +€37.8m | 29.6% | PE223.7x |
