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Finnish (OMX) Tech Sector Analysis

UpdatedFeb 28, 2024
DataAggregated Company Financials
Companies32
  • 7D0.7%
  • 3M3.2%
  • 1Y-23.1%
  • YTD4.0%

The Tech industry has been flat over the last week, but SSH Communications Security Oyj has lost 28%. As for the longer term, the industry has declined 23% in the last year. As for the next few years, earnings are expected to grow by 19% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 28 Feb 2024€27.3b€29.0b€1.0b20.2x27.2x0.9x
Fri, 26 Jan 2024€29.0b€29.3b€1.0b19.2x28.4x1x
Sun, 24 Dec 2023€26.8b€31.1b€4.2b16.7x6.3x0.9x
Tue, 21 Nov 2023€27.3b€31.1b€4.2b17x6.5x0.9x
Thu, 19 Oct 2023€26.6b€32.4b€4.5b16.2x5.9x0.8x
Sat, 16 Sep 2023€30.1b€32.3b€4.5b17.5x6.7x0.9x
Mon, 14 Aug 2023€29.4b€32.3b€4.5b22.2x6.5x0.9x
Wed, 12 Jul 2023€32.2b€32.4b€4.7b23.7x6.9x1x
Fri, 09 Jun 2023€32.2b€32.4b€4.7b24.6x6.9x1x
Sun, 07 May 2023€32.5b€32.4b€4.7b26.2x6.9x1x
Tue, 04 Apr 2023€36.6b€31.7b€4.5b27x8.1x1.2x
Thu, 02 Mar 2023€36.3b€31.6b€4.5b32x8x1.1x
Sat, 28 Jan 2023€35.8b€31.8b€4.6b27.9x7.8x1.1x
Mon, 26 Dec 2022€34.9b€30.7b€2.1b27.4x16.5x1.1x
Wed, 23 Nov 2022€36.4b€30.7b€2.1b27.6x17.3x1.2x
Fri, 21 Oct 2022€34.1b€29.7b€2.1b25.1x16.6x1.2x
Sun, 18 Sep 2022€35.9b€29.6b€2.1b29.7x17.4x1.2x
Tue, 16 Aug 2022€39.3b€29.6b€2.1b32.4x19.1x1.3x
Thu, 14 Jul 2022€36.8b€28.7b€2.0b26.8x18.3x1.3x
Sat, 11 Jun 2022€36.4b€28.7b€2.0b25.8x18.1x1.3x
Mon, 09 May 2022€37.9b€28.7b€2.0b24x18.8x1.3x
Wed, 06 Apr 2022€41.7b€28.3b€2.1b26.7x19.7x1.5x
Fri, 04 Mar 2022€37.7b€28.3b€2.1b35.2x17.8x1.3x
Sun, 30 Jan 2022€41.2b€28.2b-€1,307,169,014.0044.9x-31.5x1.5x
Tue, 28 Dec 2021€46.2b€28.1b-€1,310,271,756.0047x-35.3x1.6x
Thu, 25 Nov 2021€42.9b€28.1b-€1,313,671,020.0045.2x-32.7x1.5x
Sat, 23 Oct 2021€43.7b€27.9b-€1,476,918,020.0043.4x-29.6x1.6x
Mon, 20 Sep 2021€40.5b€27.9b-€1,467,795,020.0041x-27.6x1.5x
Wed, 18 Aug 2021€43.1b€27.9b-€1,466,235,389.0046.4x-29.4x1.5x
Wed, 02 Jun 2021€35.9b€27.5b-€1,876,391,889.0035.9x-19.1x1.3x
Sat, 06 Mar 2021€29.3b€27.3b-€2,271,103,389.0034.9x-12.9x1.1x
Price to Earnings Ratio

-12.9x


Total Market Cap: €29.3bTotal Earnings: -€2,271,103,389.00Total Revenue: €27.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Finnish Tech Sector Price to Earnings3Y Average 1.5x202220232024
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 27.2x which is higher than its 3-year average PE of 1.5x.
  • The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.94x.
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 grown 2.1% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

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

FI Market-0.12%
Tech0.67%
Electronic Equipment and Components2.79%
Communications0.73%
Tech Hardware0%
Semiconductors0%
Software-0.096%
IT-0.44%
Industry PE
  • Investors are most optimistic about the Software industry which is trading above its 3-year average PE ratio of 126x.
    • Analysts are expecting annual earnings growth of 30.6%, which is higher than its past year's earnings growth of 0.09% per year.
  • Investors are most pessimistic about the IT industry, which is trading close to its 3-year average of 17.2x.
Forecasted Growth
  • Analysts are most optimistic on the Software industry, expecting annual earnings growth of 31% over the next 5 years.
  • This is better than its past earnings growth rate of 0.09% per year.
  • In contrast, the IT 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€3.260.7%
+€130.1m
-25.5%PE27.4x
ICP1V Incap Oyj€8.8925.4%
+€53.0m
-49.3%PE13.2x
SCANFL Scanfil Oyj€8.034.4%
+€22.3m
3.7%PE10.9x
QTCOM Qt Group Oyj€78.600.8%
+€15.7m
11.9%PE56.3x
BITTI Bittium Oyj€4.678.5%
+€13.0m
9.9%PS2.1x
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Latest News

SSH1V

€1.35

SSH Communications Security Oyj

7D

-28.0%

1Y

-31.8%

SCANFL

€8.03

Scanfil Oyj

7D

4.4%

1Y

3.7%

VINCIT

€2.60

Vincit Oyj

7D

-11.0%

1Y

-42.9%

LEADD

€8.10

LeadDesk Oy

7D

-4.3%

1Y

-27.0%

FSECURE

€1.75

F-Secure Oyj

7D

-1.7%

1Y

-47.3%

QTCOM

€78.60

Qt Group Oyj

7D

0.8%

1Y

11.9%

LEMON

€6.86

Lemonsoft Oyj

7D

3.9%

1Y

-14.2%

TIETO

€21.78

TietoEVRY Oyj

7D

-0.5%

1Y

-27.5%

TLT1V

€2.78

Teleste Oyj

7D

3.3%

1Y

-26.3%