Finnish (OMX) IT Industry Analysis
UpdatedMay 26, 2022
DataAggregated Company Financials
Companies8
- 7D1.1%
- 3M-6.2%
- 1Y-10.2%
- YTD-13.9%
In the last week, the IT industry is flat overall, with Gofore Oyj standing out by going down 3.8%. As for the longer term, the industry has declined 9.4% in the last year. Earnings are forecast to grow by 11% annually.
Industry Valuation and Performance
Has the Finnish IT Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Thu, 26 May 2022 | €3.6b | €3.3b | €312.9m | 19.2x |
| Sat, 23 Apr 2022 | €3.7b | €3.3b | €317.0m | 20.3x |
| Mon, 21 Mar 2022 | €3.7b | €3.3b | €317.0m | 18.4x |
| Wed, 16 Feb 2022 | €3.9b | €3.2b | €278.2m | 48.8x |
| Fri, 14 Jan 2022 | €4.1b | €3.2b | €277.8m | 50.5x |
| Sun, 12 Dec 2021 | €3.9b | €3.2b | €277.8m | 46x |
| Tue, 09 Nov 2021 | €3.9b | €3.2b | €277.8m | 45.6x |
| Thu, 07 Oct 2021 | €3.7b | €3.2b | €248.6m | 40.5x |
| Sat, 04 Sep 2021 | €4.3b | €3.2b | €248.6m | 42.4x |
| Mon, 02 Aug 2021 | €4.2b | €3.2b | €248.6m | 37.5x |
| Thu, 06 May 2021 | €4.1b | €3.1b | €116.3m | 36.5x |
| Sun, 07 Feb 2021 | €3.8b | €3.1b | €114.6m | 27.3x |
| Sat, 31 Oct 2020 | €3.0b | €3.0b | €68.9m | 24.3x |
| Tue, 04 Aug 2020 | €3.3b | €2.7b | €68.4m | 19.3x |
| Fri, 08 May 2020 | €3.0b | €2.4b | €99.3m | 17.9x |
| Mon, 10 Feb 2020 | €3.9b | €2.1b | €89.9m | 23x |
| Sun, 03 Nov 2019 | €2.2b | €1.9b | €114.0m | 20.1x |
| Wed, 07 Aug 2019 | €2.1b | €1.9b | €119.7m | 19x |
Median PE Ratio
19.2x
Current Industry PE
- Investors are more pessimistic on the 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 19.2x which is lower than its 3-year average PE of 27.2x.
Past Earnings Growth
- The earnings for companies in the IT industry have grown 36% per year over the last three years.
- Revenues for these companies have grown 20% 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 | 2.38% | |
| Tech | 0.46% | |
| IT | 1.13% | |
| IT Consulting | 1.13% | |
| Internet Services and Infrastructure | 0% | |
| Data Processing Services | 0% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 27.2x.
- Analysts are expecting annual earnings growth of 11%, which is lower than the prior year's growth of 17% per year. So the market might believe that analysts are underestimating future growth.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 11% over the next 5 years.
- However this is lower than its past earnings growth rate of 17% per year.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| TIETO TietoEVRY Oyj | €23.28 | 1.4% +€37.9m | -13.0% | PS9.6x | |
| GOFORE Gofore Oyj | €22.80 | 1.6% +€5.4m | 21.9% | PS39.1x | |
| SIILI Siili Solutions Oyj | €14.05 | 4.9% +€4.6m | -11.5% | PS19.2x | |
| DIGIA Digia Oyj | €7.34 | 0.7% +€1.3m | -3.4% | PS16.4x |