Finnish (OMX) IT Industry Analysis
UpdatedMay 31, 2023
DataAggregated Company Financials
Companies8
- 7D-3.6%
- 3M-13.5%
- 1Y6.6%
- YTD-3.0%
Over the last 7 days, the IT industry has dropped 2.5%, driven by a pullback from TietoEVRY Oyj of 3.6%. Over the past 12 months, the industry was up 7.7%. Earnings are forecast to grow by 16% annually.
Industry Valuation and Performance
Has the Finnish IT Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 31 May 2023 | €3.9b | €3.6b | €229.0m | 29.2x | 17.1x | 1.1x |
| Fri, 28 Apr 2023 | €4.4b | €3.6b | €213.4m | 31.2x | 20.5x | 1.2x |
| Sun, 26 Mar 2023 | €4.2b | €3.5b | €211.1m | 33.2x | 19.8x | 1.2x |
| Tue, 21 Feb 2023 | €4.5b | €3.5b | €212.4m | 27.9x | 21.1x | 1.3x |
| Thu, 19 Jan 2023 | €4.2b | €3.4b | €226.3m | 20.8x | 18.7x | 1.2x |
| Sat, 17 Dec 2022 | €3.9b | €3.4b | €226.3m | 20.3x | 17.3x | 1.1x |
| Mon, 14 Nov 2022 | €3.9b | €3.4b | €226.3m | 18.3x | 17.1x | 1.1x |
| Wed, 12 Oct 2022 | €3.5b | €3.3b | €220.2m | 19.4x | 16x | 1.1x |
| Fri, 09 Sep 2022 | €3.9b | €3.3b | €220.2m | 18.3x | 17.6x | 1.2x |
| Sun, 07 Aug 2022 | €4.0b | €3.3b | €217.2m | 24.2x | 18.5x | 1.2x |
| Tue, 05 Jul 2022 | €3.6b | €3.3b | €312.9m | 22.5x | 11.6x | 1.1x |
| Thu, 02 Jun 2022 | €3.6b | €3.3b | €312.9m | 19x | 11.5x | 1.1x |
| Sat, 30 Apr 2022 | €3.6b | €3.3b | €317.0m | 20.6x | 11.4x | 1.1x |
| Mon, 28 Mar 2022 | €3.6b | €3.3b | €317.0m | 18x | 11.3x | 1.1x |
| Wed, 23 Feb 2022 | €3.8b | €3.2b | €315.7m | 19x | 12x | 1.2x |
| Fri, 21 Jan 2022 | €4.1b | €3.2b | €277.8m | 50.7x | 14.7x | 1.3x |
| Sun, 19 Dec 2021 | €3.9b | €3.2b | €277.8m | 45.8x | 14x | 1.2x |
| Tue, 16 Nov 2021 | €3.9b | €3.2b | €277.8m | 48x | 14.2x | 1.2x |
| Thu, 14 Oct 2021 | €4.0b | €3.2b | €248.6m | 44.2x | 16.2x | 1.3x |
| Sat, 11 Sep 2021 | €4.1b | €3.2b | €248.6m | 42x | 16.5x | 1.3x |
| Mon, 09 Aug 2021 | €4.2b | €3.2b | €248.6m | 37.5x | 16.7x | 1.3x |
| Sun, 02 May 2021 | €4.1b | €3.1b | €116.3m | 36.5x | 35.4x | 1.3x |
| Wed, 03 Feb 2021 | €3.8b | €3.1b | €114.6m | 27.3x | 33.4x | 1.2x |
| Sat, 07 Nov 2020 | €3.0b | €3.0b | €68.9m | 24.3x | 44.2x | 1x |
| Fri, 31 Jul 2020 | €3.3b | €2.7b | €68.4m | 19.3x | 48.7x | 1.2x |
Price to Earnings Ratio
31.9x
Current Industry PE
- Investors are pessimistic on the Finnish IT 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 17.4x which is lower than its 3-year average PE of 24.6x.
- The industry is trading close to its 3-year average PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the IT industry have grown 32% per year over the last three years.
- Revenues for these companies have grown 14% 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 industry?
| FI Market | -1.96% | |
| Tech | -0.62% | |
| IT | -3.58% | |
| Internet Services and Infrastructure | 0% | |
| Data Processing Services | 0% | |
| IT Consulting | -3.58% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 24.6x.
- Analysts are expecting annual earnings growth of 15.8%, which is higher than its past year's earnings decline of 27.0% per year.
- Investors are most pessimistic about the IT Consulting industry, which is trading below its 3-year average of 24.6x.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 16% over the next 5 years.
- This is better than its past earnings decline of 27% per year.
- In contrast, the IT Consulting industry is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|
| NIXU Nixu Oyj | €12.80 | 0.8% +€744.6k | 109.2% | PE2269.2x |