Analysis Article • Jul 24
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- 7D5.0%
- 3M4.1%
- 1Y5.3%
- YTD18.4%
Over the last 7 days, the Electronic Equipment and Components industry has risen 5.0%, driven by gains from Vaisala Oyj of 7.6%. Meanwhile, Tamtron Group Oyj actually underperformed within the industry, shrinking 15% in the last week. This means that the industry has gained 5.3% over the past year. As for the next few years, earnings are expected to grow by 14% per annum.
Industry Valuation and Performance
Has the Finnish Electronic Equipment and Components Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 25 Jul 2026 | €3.3b | €2.1b | €131.9m | 24.8x | 25.3x | 1.6x |
| Mon, 22 Jun 2026 | €3.4b | €2.0b | €127.6m | 26.5x | 26.6x | 1.7x |
| Wed, 20 May 2026 | €3.2b | €2.0b | €127.5m | 25.1x | 25.2x | 1.6x |
| Fri, 17 Apr 2026 | €3.2b | €2.0b | €123.9m | 23.5x | 25.4x | 1.6x |
| Sun, 15 Mar 2026 | €3.0b | €2.0b | €122.6m | 25.5x | 24.5x | 1.5x |
| Tue, 10 Feb 2026 | €2.8b | €2.0b | €125.8m | 24.7x | 22.6x | 1.5x |
| Thu, 08 Jan 2026 | €2.9b | €2.0b | €128.3m | 21.7x | 22.3x | 1.5x |
| Sat, 06 Dec 2025 | €2.8b | €2.0b | €129.0m | 20.9x | 21.6x | 1.4x |
| Mon, 03 Nov 2025 | €2.8b | €2.0b | €129.1m | 20.4x | 21.8x | 1.4x |
| Wed, 01 Oct 2025 | €2.9b | €1.9b | €128.0m | 22.1x | 22.3x | 1.5x |
| Fri, 29 Aug 2025 | €2.9b | €1.9b | €128.0m | 22.5x | 22.8x | 1.5x |
| Sun, 27 Jul 2025 | €3.1b | €1.9b | €130.4m | 26.9x | 23.6x | 1.6x |
| Tue, 24 Jun 2025 | €3.0b | €1.9b | €140.6m | 21x | 21.4x | 1.6x |
| Thu, 22 May 2025 | €3.0b | €1.9b | €140.6m | 21.4x | 21.3x | 1.6x |
| Sat, 19 Apr 2025 | €2.8b | €1.9b | €132.5m | 17.1x | 20.9x | 1.5x |
| Mon, 17 Mar 2025 | €2.9b | €1.9b | €132.5m | 19.8x | 22x | 1.5x |
| Wed, 12 Feb 2025 | €3.1b | €1.9b | €118.7m | 27.9x | 26.4x | 1.7x |
| Fri, 10 Jan 2025 | €2.9b | €1.9b | €115.7m | 29.1x | 25.2x | 1.6x |
| Sun, 08 Dec 2024 | €2.9b | €1.9b | €115.7m | 28.8x | 25x | 1.6x |
| Tue, 05 Nov 2024 | €2.7b | €1.9b | €115.7m | 28.2x | 23.7x | 1.5x |
| Thu, 03 Oct 2024 | €2.9b | €1.9b | €118.2m | 28.1x | 24.6x | 1.5x |
| Sat, 31 Aug 2024 | €3.0b | €1.9b | €118.2m | 29.1x | 25.1x | 1.6x |
| Mon, 29 Jul 2024 | €2.8b | €2.0b | €119.1m | 29.4x | 23.2x | 1.4x |
| Wed, 26 Jun 2024 | €2.7b | €1.9b | €111.5m | 31.9x | 24.4x | 1.4x |
| Fri, 24 May 2024 | €2.7b | €1.9b | €111.5m | 32.4x | 24.2x | 1.4x |
| Sun, 21 Apr 2024 | €2.3b | €2.0b | €122.7m | 22.4x | 18.7x | 1.1x |
| Tue, 19 Mar 2024 | €2.5b | €2.0b | €124.7m | 22.4x | 19.7x | 1.2x |
| Thu, 15 Feb 2024 | €2.3b | €2.1b | €127.6m | 23.8x | 18.3x | 1.1x |
| Sat, 13 Jan 2024 | €2.4b | €2.0b | €126.4m | 26.6x | 19.1x | 1.2x |
| Mon, 11 Dec 2023 | €2.4b | €2.0b | €126.4m | 23.1x | 19.2x | 1.2x |
| Wed, 08 Nov 2023 | €2.2b | €2.1b | €128.6m | 19.1x | 17.2x | 1.1x |
| Fri, 06 Oct 2023 | €2.3b | €2.1b | €129.1m | 18x | 18.1x | 1.1x |
| Sun, 03 Sep 2023 | €2.6b | €2.1b | €129.1m | 19.9x | 20.2x | 1.3x |
| Tue, 01 Aug 2023 | €2.7b | €2.0b | €123.4m | 19.4x | 22x | 1.3x |
Price to Earnings Ratio
22x
Current Industry PE
- Investors are optimistic on the Finnish Electronic industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 25.3x which is higher than its 3-year average PE of 22.4x.
- The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Electronic industry have grown 2.2% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Finnish Tech industry?
| FI Market | 0.33% | |
| Tech | -4.46% | |
| Electronic Equipment and Components | 5.03% | |
| Electronic Equipment and Instruments | 6.55% | |
| Technology Distributors | 4.51% | |
| Electronic Manufacturing Services | 2.15% | |
| Electronic Components | -0.38% | |
Industry PE
- Investors are most optimistic about the Technology Distributors industry which is trading above its 3-year average PE ratio of 25.4x.
- Analysts are expecting annual earnings growth of 29.5%, which is lower than the prior year's growth of 84.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Electronic Components industry, expecting annual earnings growth of 42% over the next 5 years.
- In contrast, the Electronic Manufacturing Services 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 | |
|---|---|---|---|---|---|
| VAIAS Vaisala Oyj | €56.20 | 5.0% +€98.0m | 19.6% | PE31.2x | |
| SCANFL Scanfil Oyj | €11.70 | 1.4% +€10.5m | -0.5% | PE17.9x | |
| ACG1V Aspocomp Group Oyj | €5.22 | 2.0% +€752.3k | 7.6% | PS1x |