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Finnish (OMX) IT Industry Analysis

UpdatedJun 22, 2024
DataAggregated Company Financials
Companies7
  • 7D1.8%
  • 3M-2.5%
  • 1Y-25.2%
  • YTD-11.1%

Over the last 7 days, the IT industry has remained flat. Unfortunately though, the industry is down 25% over the past 12 months. As for the next few years, earnings are expected to grow by 15% per annum.

Industry Valuation and Performance

Has the Finnish IT Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 22 Jun 2024€2.9b€3.5b€190.3m14x15x0.8x
Mon, 20 May 2024€3.0b€3.5b€190.3m15.1x15.9x0.9x
Wed, 17 Apr 2024€2.9b€3.5b€201.6m14.7x14.5x0.8x
Fri, 15 Mar 2024€3.1b€3.5b€201.6m14.8x15.4x0.9x
Sun, 11 Feb 2024€3.2b€3.5b€218.0m15.9x14.8x0.9x
Tue, 09 Jan 2024€3.3b€3.5b€217.0m17.1x15.2x0.9x
Thu, 07 Dec 2023€3.1b€3.5b€217.0m16.2x14.4x0.9x
Sat, 04 Nov 2023€3.2b€3.5b€217.0m16.1x14.6x0.9x
Mon, 02 Oct 2023€3.3b€3.6b€232.7m17.8x14.1x0.9x
Wed, 30 Aug 2023€3.5b€3.6b€232.6m19.4x15x1x
Fri, 28 Jul 2023€3.6b€3.5b€231.4m25.5x15.5x1x
Sun, 25 Jun 2023€3.9b€3.6b€228.1m30.4x17.1x1.1x
Tue, 23 May 2023€4.1b€3.6b€229.0m29.9x17.9x1.1x
Thu, 20 Apr 2023€4.4b€3.5b€210.5m33.5x21x1.3x
Sat, 18 Mar 2023€4.2b€3.5b€211.1m34.2x20x1.2x
Mon, 13 Feb 2023€4.3b€3.4b€225.9m27.3x18.9x1.2x
Wed, 11 Jan 2023€4.1b€3.4b€226.3m20.9x18.2x1.2x
Fri, 09 Dec 2022€4.0b€3.4b€226.3m19.6x17.8x1.2x
Sun, 06 Nov 2022€3.7b€3.4b€226.3m18.7x16.2x1.1x
Tue, 04 Oct 2022€3.5b€3.3b€220.2m18.1x16.1x1.1x
Thu, 01 Sep 2022€3.9b€3.3b€220.2m19.5x17.7x1.2x
Sat, 30 Jul 2022€4.0b€3.3b€217.2m23.7x18.6x1.2x
Mon, 27 Jun 2022€3.5b€3.3b€312.9m21.6x11.3x1.1x
Wed, 25 May 2022€3.6b€3.3b€312.9m19.2x11.5x1.1x
Fri, 22 Apr 2022€3.7b€3.3b€317.0m20.3x11.7x1.1x
Sun, 20 Mar 2022€3.7b€3.3b€317.0m18.4x11.7x1.1x
Tue, 15 Feb 2022€3.9b€3.2b€278.2m48.3x13.9x1.2x
Thu, 13 Jan 2022€4.0b€3.2b€277.8m48.9x14.5x1.3x
Sat, 11 Dec 2021€3.9b€3.2b€277.8m46x14.1x1.2x
Mon, 08 Nov 2021€3.9b€3.2b€277.8m44.8x14.2x1.2x
Wed, 06 Oct 2021€3.8b€3.2b€248.6m41.6x15.2x1.2x
Fri, 03 Sep 2021€4.3b€3.2b€248.6m42.4x17.3x1.3x
Sun, 01 Aug 2021€4.1b€3.2b€248.6m37.2x16.4x1.3x
Price to Earnings Ratio

15.5x


Total Market Cap: €3.9bTotal Earnings: €248.6mTotal Revenue: €3.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Finnish IT Industry Price to Earnings3Y Average 15.6x202220232024
Current Industry PE
  • Investors are relatively neutral on the Finnish IT industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 15.6x.
  • The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.82x.
Past Earnings Growth
  • The earnings for companies in the IT industry have declined 8.5% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.9% 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 Market1.11%
Tech1.07%
IT1.78%
IT Consulting1.78%
Internet Services and Infrastructure0%
Data Processing Services0%
Industry PE
  • Investors are most optimistic about the IT Consulting industry, which is trading close to its 3-year average PE ratio of 15.6x.
    • Analysts are expecting annual earnings growth of 14.5%, which is higher than its past year's earnings growth of 8.5% per year.
  • Investors are most pessimistic about the IT Consulting industry, which is trading close to its 3-year average of 15.6x.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 15% over the next 5 years.
  • This is better than its past earnings growth rate of 8.5% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 15% 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
TIETO TietoEVRY Oyj€18.142.1%
+€45.1m
-27.8%PE13.3x
GOFORE Gofore Oyj€24.502.1%
+€7.8m
-2.8%PE22.6x
NIXU Nixu Oyj€13.351.5%
+€1.4m
108.6%PS1.5x
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