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Mar 21
Finnish (OMX) IT Consulting Industry Analysis
UpdatedMay 02, 2024
DataAggregated Company Financials
Companies7
- 7D-4.2%
- 3M-14.6%
- 1Y-34.9%
- YTDn/a
Over the last 7 days, the IT Consulting industry has dropped 4.2%, driven by a pullback from TietoEVRY Oyj of 5.5%. Overall the industry is down 35% in 12 months. Looking forward, earnings are forecast to grow by 15% annually.
Industry Valuation and Performance
Has the Finnish IT Consulting Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 03 May 2024 | €2.8b | €3.5b | €190.3m | 13.8x | 14.6x | 0.8x |
| Sun, 31 Mar 2024 | €3.0b | €3.5b | €201.6m | 14.4x | 14.7x | 0.9x |
| Tue, 27 Feb 2024 | €3.2b | €3.5b | €201.0m | 16.4x | 16.1x | 0.9x |
| Thu, 25 Jan 2024 | €3.3b | €3.5b | €217.0m | 16.9x | 15.2x | 0.9x |
| Sat, 23 Dec 2023 | €3.3b | €3.5b | €217.0m | 16.7x | 15.2x | 0.9x |
| Mon, 20 Nov 2023 | €3.3b | €3.5b | €217.0m | 17.3x | 15.1x | 0.9x |
| Wed, 18 Oct 2023 | €3.3b | €3.6b | €232.7m | 17.9x | 14.1x | 0.9x |
| Fri, 15 Sep 2023 | €3.4b | €3.6b | €232.6m | 18.3x | 14.8x | 1x |
| Sun, 13 Aug 2023 | €3.4b | €3.6b | €230.9m | 22.2x | 14.9x | 1x |
| Tue, 11 Jul 2023 | €3.7b | €3.6b | €228.1m | 29.7x | 16.4x | 1x |
| Thu, 08 Jun 2023 | €4.0b | €3.6b | €229.0m | 30x | 17.3x | 1.1x |
| Sat, 06 May 2023 | €4.1b | €3.6b | €229.0m | 30.2x | 18x | 1.2x |
| Mon, 03 Apr 2023 | €4.3b | €3.5b | €211.1m | 32.9x | 20.6x | 1.2x |
| Wed, 01 Mar 2023 | €4.5b | €3.3b | €200.4m | 35x | 22.5x | 1.4x |
| Fri, 27 Jan 2023 | €4.2b | €3.4b | €226.3m | 20.9x | 18.5x | 1.2x |
| Sun, 25 Dec 2022 | €4.0b | €3.4b | €226.3m | 20.4x | 17.7x | 1.2x |
| Tue, 22 Nov 2022 | €3.9b | €3.4b | €226.3m | 19.2x | 17.1x | 1.1x |
| Thu, 20 Oct 2022 | €3.5b | €3.4b | €215.3m | 18.6x | 16.4x | 1x |
| Sat, 17 Sep 2022 | €3.9b | €3.3b | €220.2m | 18.2x | 17.7x | 1.2x |
| Mon, 15 Aug 2022 | €4.1b | €3.3b | €216.5m | 23.9x | 18.8x | 1.2x |
| Wed, 13 Jul 2022 | €3.7b | €3.3b | €312.9m | 21.9x | 11.9x | 1.1x |
| Fri, 10 Jun 2022 | €3.6b | €3.3b | €312.9m | 19.3x | 11.6x | 1.1x |
| Sun, 08 May 2022 | €3.4b | €3.3b | €312.9m | 19.6x | 10.9x | 1x |
| Tue, 05 Apr 2022 | €3.6b | €3.3b | €317.0m | 18.9x | 11.4x | 1.1x |
| Thu, 03 Mar 2022 | €3.6b | €3.3b | €311.3m | 18x | 11.6x | 1.1x |
| Sat, 29 Jan 2022 | €3.9b | €3.2b | €277.8m | 45.4x | 13.9x | 1.2x |
| Mon, 27 Dec 2021 | €4.0b | €3.2b | €277.8m | 45.2x | 14.4x | 1.2x |
| Wed, 24 Nov 2021 | €3.8b | €3.2b | €277.8m | 46x | 13.8x | 1.2x |
| Fri, 22 Oct 2021 | €4.0b | €3.2b | €248.6m | 43.6x | 16.1x | 1.3x |
| Sun, 19 Sep 2021 | €3.9b | €3.2b | €248.6m | 41x | 15.8x | 1.2x |
| Tue, 17 Aug 2021 | €4.2b | €3.2b | €248.6m | 40.6x | 17x | 1.3x |
| Tue, 01 Jun 2021 | €3.8b | €3.1b | €116.3m | 33.9x | 32.6x | 1.2x |
Price to Earnings Ratio
35.4x
Current Industry PE
- Investors are relatively neutral on the Finnish IT Consulting and Other Services 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 16.1x.
- The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.80x.
Past Earnings Growth
- The earnings for companies in the IT Consulting and Other Services industry have grown 18% per year over the last three years.
- Revenues for these companies have grown 3.6% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Finnish IT Consulting compare with similar industries?
| FI Market | -0.73% | |
| Tech | -0.35% | |
| IT | -4.19% | |
| IT Consulting | -4.19% | |
| Internet Services and Infrastructure | 0% | |
| Data Processing Services | 0% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
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 | €17.97 | 3.6% +€73.4m | -32.3% | PE13.1x | |
| GOFORE Gofore Oyj | €25.05 | 7.3% +€26.5m | -0.6% | PE23.2x | |
| DIGIA Digia Oyj | €5.22 | 1.6% +€2.1m | -6.1% | PE14.1x | |
| NIXU Nixu Oyj | €13.35 | 1.5% +€1.4m | 108.6% | PS1.5x | |
| WITTED Witted Megacorp Oyj | €1.89 | 1.9% +€541.3k | -46.6% | PS0.5x |