Is Now The Time To Look At Buying Teleste Corporation (HEL:TLT1V)?
Jan 06
Finnish (OMX) Tech Sector Analysis
UpdatedJan 27, 2023
DataAggregated Company Financials
Companies35
- 7D0.5%
- 3M2.3%
- 1Y-15.5%
- YTD1.1%
The Tech is pretty flat in the last 7 days, but Qt Group Oyj has stood out, gaining 13%. As for the longer term, the industry has declined 15% in the last year. Looking forward, earnings are forecast to decline by 7.1% per year.
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 |
|---|---|---|---|---|---|---|
| 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 |
| Mon, 27 Dec 2021 | €45.5b | €28.1b | -€1,310,271,756.00 | 47.1x | -34.7x | 1.6x |
| Wed, 24 Nov 2021 | €42.7b | €28.1b | -€1,313,671,020.00 | 44.3x | -32.5x | 1.5x |
| Fri, 22 Oct 2021 | €43.7b | €27.9b | -€1,477,618,020.00 | 43.6x | -29.6x | 1.6x |
| Sun, 19 Sep 2021 | €40.5b | €27.9b | -€1,467,795,020.00 | 41x | -27.6x | 1.5x |
| Tue, 17 Aug 2021 | €43.1b | €27.9b | -€1,466,235,389.00 | 45.8x | -29.4x | 1.5x |
| Tue, 01 Jun 2021 | €35.9b | €27.5b | -€1,876,391,889.00 | 35.9x | -19.1x | 1.3x |
| Fri, 05 Mar 2021 | €29.3b | €27.3b | -€2,271,103,389.00 | 34.9x | -12.9x | 1.1x |
| Mon, 07 Dec 2020 | €28.8b | €27.5b | €951.2m | 28x | 30.2x | 1x |
| Thu, 10 Sep 2020 | €31.5b | €27.6b | €813.9m | 27.1x | 38.7x | 1.1x |
| Wed, 03 Jun 2020 | €27.8b | €27.9b | €562.8m | 27.5x | 49.3x | 1x |
| Sat, 07 Mar 2020 | €26.9b | €27.6b | €191.7m | 25.8x | 140.3x | 1x |
Price to Earnings Ratio
147.3x
Current Industry PE
- Investors are pessimistic on the Finnish Information Technology 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 7.8x which is lower than its 3-year average PE of 14.4x.
- The industry is trading close to its 3-year average PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 188% per year over the last three years.
- Revenues for these companies have grown 4.8% 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 Tech sector?
| FI Market | 1.07% | |
| Tech | 0.50% | |
| Software | 4.21% | |
| Electronic Equipment and Components | 2.13% | |
| Tech Hardware | 0% | |
| Semiconductors | 0% | |
| Communications | -0.079% | |
| IT | -0.47% | |
Industry PE
- Investors are most optimistic about the Software industry even though it's trading below its 3-year average PE ratio of 201x.
- Analysts are expecting annual earnings growth of 38.4%, which is higher than its past year's earnings decline of 22.4% per year.
- Investors are most pessimistic about the Communications industry, which is trading below its 3-year average of 87.1x.
Forecasted Growth
- Analysts are most optimistic on the Software industry, expecting annual earnings growth of 38% over the next 5 years.
- This is better than its past earnings decline of 22% per year.
- In contrast, the Communications industry is expected to see its earnings decline by 21% 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 | |
|---|---|---|---|---|---|
| QTCOM Qt Group Oyj | €53.16 | 12.5% +€150.3m | -48.0% | PE50.2x | |
| ICP1V Incap Oyj | €18.50 | 3.9% +€20.5m | 39.9% | PE22.1x | |
| VAIAS Vaisala Oyj | €40.90 | 1.4% +€19.9m | -11.9% | PE33.8x | |
| DETEC Detection Technology Oyj | €20.10 | 6.9% +€19.1m | -25.3% | PE38.1x | |
| WITH WithSecure Oyj | €1.44 | 6.0% +€14.3m | -66.3% | PS1.1x |
