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Finnish (OMX) Tech Sector Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies31
- 7D-0.7%
- 3M4.5%
- 1Y22.6%
- YTD21.5%
The Tech industry has been flat over the last week, but TietoEVRY Oyj has lost 4.8%. As for the the longer term, the industry is up 23% over the past 12 months. Earnings are forecast to grow by 18% annually.
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 |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | €31.4b | €26.4b | €1.3b | 25x | 25x | 1.2x |
| Tue, 19 Nov 2024 | €31.3b | €26.4b | €1.3b | 24.9x | 24.9x | 1.2x |
| Thu, 17 Oct 2024 | €31.4b | €26.7b | €1.3b | 23.7x | 24.9x | 1.2x |
| Sat, 14 Sep 2024 | €30.2b | €26.8b | €1.3b | 23.1x | 24x | 1.1x |
| Mon, 12 Aug 2024 | €28.5b | €26.9b | €1.3b | 20.9x | 22.6x | 1.1x |
| Wed, 10 Jul 2024 | €28.9b | €27.8b | €1.1b | 23.1x | 25.2x | 1x |
| Fri, 07 Jun 2024 | €29.6b | €27.8b | €1.1b | 24.1x | 25.8x | 1.1x |
| Sun, 05 May 2024 | €27.6b | €27.8b | €1.2b | 22.6x | 24x | 1x |
| Tue, 02 Apr 2024 | €27.2b | €29.0b | €1.0b | 19.4x | 27x | 0.9x |
| Thu, 29 Feb 2024 | €27.4b | €29.0b | €1.0b | 20.1x | 27.2x | 0.9x |
| Sat, 27 Jan 2024 | €29.2b | €29.3b | €1.0b | 19.3x | 28.6x | 1x |
| Mon, 25 Dec 2023 | €26.8b | €31.1b | €4.2b | 16.7x | 6.3x | 0.9x |
| Wed, 22 Nov 2023 | €27.1b | €31.1b | €4.2b | 17x | 6.4x | 0.9x |
| Fri, 20 Oct 2023 | €25.4b | €32.4b | €4.5b | 16x | 5.6x | 0.8x |
| Sun, 17 Sep 2023 | €29.7b | €32.3b | €4.5b | 17.5x | 6.6x | 0.9x |
| Tue, 15 Aug 2023 | €29.5b | €32.3b | €4.5b | 22.1x | 6.5x | 0.9x |
| Thu, 13 Jul 2023 | €32.4b | €32.4b | €4.7b | 23.7x | 6.9x | 1x |
| Sat, 10 Jun 2023 | €32.5b | €32.4b | €4.7b | 24.2x | 6.9x | 1x |
| Mon, 08 May 2023 | €32.5b | €32.4b | €4.7b | 26.2x | 6.9x | 1x |
| Wed, 05 Apr 2023 | €36.7b | €31.7b | €4.5b | 27.1x | 8.1x | 1.2x |
| Fri, 03 Mar 2023 | €36.4b | €31.6b | €4.5b | 30.7x | 8x | 1.2x |
| Sun, 29 Jan 2023 | €35.8b | €31.8b | €4.6b | 27.9x | 7.8x | 1.1x |
| Tue, 27 Dec 2022 | €34.9b | €30.7b | €2.1b | 27.4x | 16.5x | 1.1x |
| Thu, 24 Nov 2022 | €36.7b | €30.7b | €2.1b | 27.8x | 17.4x | 1.2x |
| Sat, 22 Oct 2022 | €33.7b | €30.5b | €2.1b | 25.2x | 15.8x | 1.1x |
| Mon, 19 Sep 2022 | €35.9b | €29.6b | €2.1b | 29.7x | 17.4x | 1.2x |
| Wed, 17 Aug 2022 | €39.8b | €29.6b | €2.1b | 32.4x | 19.3x | 1.3x |
| Fri, 15 Jul 2022 | €35.9b | €28.7b | €2.0b | 26.8x | 17.8x | 1.3x |
| Sun, 12 Jun 2022 | €36.5b | €28.7b | €2.0b | 25.8x | 18.1x | 1.3x |
| Tue, 10 May 2022 | €36.3b | €28.7b | €2.0b | 23.3x | 18x | 1.3x |
| Thu, 07 Apr 2022 | €40.6b | €28.2b | €2.1b | 23.7x | 19.1x | 1.4x |
| Sat, 05 Mar 2022 | €36.4b | €28.3b | €2.1b | 32.3x | 17.1x | 1.3x |
| Mon, 31 Jan 2022 | €41.2b | €28.2b | -€1,307,169,014.00 | 44.9x | -31.5x | 1.5x |
| Wed, 29 Dec 2021 | €46.1b | €28.1b | -€1,310,271,756.00 | 47.4x | -35.2x | 1.6x |
Price to Earnings Ratio
-35.2x
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 25.0x which is higher than its 3-year average PE of 14.4x.
- The industry is trading close to its 3-year average PS ratio of 1.1x.
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 2.1% 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 | -2.40% | |
| Tech | -0.75% | |
| Communications | 0.091% | |
| Tech Hardware | 0% | |
| Semiconductors | 0% | |
| Electronic Equipment and Components | -0.94% | |
| Software | -3.51% | |
| IT | -4.33% | |
Industry PE
- Investors are most optimistic about the Software industry even though it's trading below its 3-year average PE ratio of 127x.
- Analysts are expecting annual earnings growth of 28.5%, 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 below its 3-year average of 15.5x.
Forecasted Growth
- Analysts are most optimistic on the Software industry, expecting annual earnings growth of 29% 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 13% 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 | €4.22 | 0.08% +€18.9m | 36.3% | PE25x | |
| CANATU Canatu Oyj | €11.70 | 0.9% +€3.6m | 20.9% | PE216.5x | |
| TLT1V Teleste Oyj | €2.70 | 3.8% +€1.8m | 1.9% | PS0.4x | |
| NIXU Nixu Oyj | €13.35 | 1.5% +€1.4m | 108.6% | PS1.5x | |
| ACG1V Aspocomp Group Oyj | €3.35 | 6.7% +€1.4m | -9.7% | PS0.9x |
