TietoEVRY Oyj (HEL:TIETO) Will Want To Turn Around Its Return Trends
Nov 20
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Finnish (OMX) IT Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies7
- 7D-2.4%
- 3M-8.9%
- 1Y-16.6%
- YTD-18.3%
Over the last 7 days, the IT industry has dropped 2.6%, driven by TietoEVRY Oyj declining 2.3%. Overall the industry is down 16% in 12 months. Earnings are forecast to grow by 13% 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 |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | €2.6b | €3.5b | €191.0m | 15.6x | 13.8x | 0.8x |
| Sat, 19 Oct 2024 | €2.8b | €3.5b | €194.5m | 15.9x | 14.3x | 0.8x |
| Mon, 16 Sep 2024 | €2.9b | €3.5b | €194.5m | 16.7x | 14.8x | 0.8x |
| Wed, 14 Aug 2024 | €2.8b | €3.5b | €194.6m | 13.8x | 14.5x | 0.8x |
| Fri, 12 Jul 2024 | €2.9b | €3.5b | €190.6m | 14.1x | 15.2x | 0.8x |
| Sun, 09 Jun 2024 | €2.9b | €3.5b | €190.3m | 14.4x | 15.5x | 0.8x |
| Tue, 07 May 2024 | €2.8b | €3.5b | €190.3m | 13.7x | 14.9x | 0.8x |
| Thu, 04 Apr 2024 | €3.0b | €3.5b | €201.6m | 14.5x | 14.8x | 0.9x |
| Sat, 02 Mar 2024 | €3.2b | €3.5b | €202.1m | 15.1x | 16x | 0.9x |
| Mon, 29 Jan 2024 | €3.3b | €3.5b | €217.0m | 16.8x | 15.3x | 0.9x |
| Wed, 27 Dec 2023 | €3.3b | €3.5b | €217.0m | 16.7x | 15.2x | 0.9x |
| Fri, 24 Nov 2023 | €3.2b | €3.5b | €217.0m | 16.7x | 14.9x | 0.9x |
| Sun, 22 Oct 2023 | €3.1b | €3.6b | €233.1m | 17.1x | 13.5x | 0.9x |
| Tue, 19 Sep 2023 | €3.4b | €3.6b | €232.6m | 18.3x | 14.6x | 1x |
| Thu, 17 Aug 2023 | €3.4b | €3.6b | €230.5m | 19.1x | 14.7x | 1x |
| Sat, 15 Jul 2023 | €3.8b | €3.6b | €228.1m | 27.1x | 16.6x | 1.1x |
| Mon, 12 Jun 2023 | €4.0b | €3.6b | €229.0m | 30.8x | 17.3x | 1.1x |
| Wed, 10 May 2023 | €4.1b | €3.6b | €229.0m | 29.8x | 17.8x | 1.1x |
| Fri, 07 Apr 2023 | €4.4b | €3.5b | €211.1m | 33.4x | 20.8x | 1.3x |
| Sun, 05 Mar 2023 | €4.6b | €401.1m | €195.7m | 35.4x | 23.3x | 11.4x |
| Tue, 31 Jan 2023 | €4.2b | €3.4b | €226.3m | 21.3x | 18.8x | 1.2x |
| Thu, 29 Dec 2022 | €4.0b | €3.4b | €226.3m | 20.9x | 17.6x | 1.2x |
| Sat, 26 Nov 2022 | €3.9b | €3.4b | €226.3m | 19.4x | 17.4x | 1.2x |
| Mon, 24 Oct 2022 | €3.6b | €3.4b | €215.3m | 18.7x | 16.7x | 1.1x |
| Wed, 21 Sep 2022 | €3.7b | €3.3b | €220.2m | 17.7x | 16.7x | 1.1x |
| Fri, 19 Aug 2022 | €4.0b | €3.3b | €219.1m | 25.1x | 18.5x | 1.2x |
| Sun, 17 Jul 2022 | €3.8b | €3.3b | €312.9m | 23.3x | 12x | 1.1x |
| Tue, 14 Jun 2022 | €3.5b | €3.3b | €312.9m | 22.1x | 11.2x | 1.1x |
| Thu, 12 May 2022 | €3.4b | €3.3b | €312.9m | 19.1x | 10.9x | 1x |
| Sat, 09 Apr 2022 | €3.7b | €3.3b | €317.0m | 19x | 11.5x | 1.1x |
| Mon, 07 Mar 2022 | €3.4b | €3.3b | €317.1m | 17.2x | 10.7x | 1x |
| Wed, 02 Feb 2022 | €3.9b | €3.2b | €277.8m | 47.7x | 14.2x | 1.2x |
| Fri, 31 Dec 2021 | €4.1b | €3.2b | €277.8m | 47.8x | 14.7x | 1.3x |
| Sun, 28 Nov 2021 | €3.8b | €3.2b | €277.8m | 45.6x | 13.6x | 1.2x |
Price to Earnings Ratio
13.6x
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 13.8x which is lower than its 3-year average PE of 15.4x.
- The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.76x.
Past Earnings Growth
- The earnings for companies in the IT industry have declined 12% per year over the last three years.
- Meanwhile revenues for these companies have grown 3.0% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Finnish Tech industry?
| FI Market | -1.00% | |
| Tech | -3.13% | |
| IT | -2.41% | |
| Internet Services and Infrastructure | 0% | |
| Data Processing Services | 0% | |
| IT Consulting | -2.41% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 15.4x.
- Analysts are expecting annual earnings growth of 13.1%, which is higher than its past year's earnings growth of 0.1% per year.
- Investors are most pessimistic about the IT Consulting industry, which is trading below its 3-year average of 15.4x.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 13% over the next 5 years.
- This is better than its past earnings growth rate of 0.1% per year.
- In contrast, the IT Consulting industry is expected to see its earnings grow by 13% 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 | |
|---|---|---|---|---|---|
| DWF Digital Workforce Services Oyj | €3.94 | 3.7% +€1.6m | 15.5% | PS1.7x | |
| SIILI Siili Solutions Oyj | €5.88 | 3.2% +€1.5m | -33.3% | PE14.7x | |
| NIXU Nixu Oyj | €13.35 | 1.5% +€1.4m | 108.6% | PS1.5x |
