Qt Group Oyj (HEL:QTCOM) Shares Could Be 29% Below Their Intrinsic Value Estimate
Jan 29
Finnish (OMX) Software Industry Analysis
UpdatedJan 31, 2023
DataAggregated Company Financials
Companies18
- 7D2.4%
- 3M8.0%
- 1Y-42.1%
- YTD12.0%
The Software industry is up 5.9% in the last week, with Qt Group Oyj up 9.5%. In the past year, the industry is down 40%. As for the next few years, earnings are expected to grow by 38% per annum.
Industry Valuation and Performance
Has the Finnish Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Jan 2023 | €3.9b | €1.4b | €38.5m | 40.7x | 100.7x | 2.7x |
| Thu, 29 Dec 2022 | €3.5b | €1.4b | €39.1m | 37.7x | 89.9x | 2.5x |
| Sat, 26 Nov 2022 | €3.8b | €1.4b | €40.3m | 39.7x | 93.5x | 2.7x |
| Mon, 24 Oct 2022 | €3.4b | €1.4b | €73.7m | 29.5x | 45.6x | 2.5x |
| Wed, 21 Sep 2022 | €3.5b | €1.4b | €76.8m | 32.1x | 45.6x | 2.6x |
| Fri, 19 Aug 2022 | €4.3b | €1.3b | €80.5m | 37.1x | 53.9x | 3.2x |
| Sun, 17 Jul 2022 | €4.5b | €1.4b | €64.1m | 59x | 70.9x | 3.3x |
| Tue, 14 Jun 2022 | €4.6b | €1.1b | €51.3m | 50.3x | 88.8x | 4.1x |
| Thu, 12 May 2022 | €4.8b | €1.1b | €51.3m | 48.7x | 92.8x | 4.3x |
| Sat, 09 Apr 2022 | €5.9b | €1.1b | €59.5m | 55.4x | 98.4x | 5.3x |
| Mon, 07 Mar 2022 | €5.2b | €1.1b | €60.9m | 54.3x | 85.9x | 4.7x |
| Wed, 02 Feb 2022 | €5.6b | €1.1b | €59.1m | 50.1x | 94.5x | 5.3x |
| Fri, 31 Dec 2021 | €6.7b | €943.6m | €56.0m | 58.4x | 118.8x | 7.1x |
| Sun, 28 Nov 2021 | €6.4b | €943.6m | €56.0m | 59.4x | 114x | 6.8x |
| Tue, 26 Oct 2021 | €7.4b | €922.6m | €51.0m | 61.1x | 144.8x | 8x |
| Thu, 23 Sep 2021 | €7.0b | €914.1m | €59.2m | 60.7x | 118.1x | 7.6x |
| Sat, 21 Aug 2021 | €6.7b | €908.2m | €59.1m | 59.7x | 113x | 7.4x |
| Sat, 05 Jun 2021 | €5.5b | €874.9m | €55.0m | 108.9x | 100.1x | 6.3x |
| Tue, 09 Mar 2021 | €4.6b | €859.8m | €43.5m | 60.5x | 106.8x | 5.4x |
| Mon, 30 Nov 2020 | €3.9b | €851.9m | €39.9m | 28x | 98.1x | 4.6x |
| Thu, 03 Sep 2020 | €3.0b | €842.2m | €28.6m | 31.2x | 106.2x | 3.6x |
| Sun, 07 Jun 2020 | €2.5b | €828.7m | €13.4m | 41.5x | 187.3x | 3x |
| Sat, 29 Feb 2020 | €2.2b | €791.5m | €1.2m | 58.8x | 1848.2x | 2.8x |
Price to Earnings Ratio
2024.5x
Current Industry PE
- Investors are pessimistic on the Finnish Software 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 102x which is lower than its 3-year average PE of 200x.
- The 3-year average PS ratio of 4.5x is higher than the industry's current PS ratio of 2.8x.
Past Earnings Growth
- The earnings for companies in the Software industry have grown 218% per year over the last three years.
- Revenues for these companies have grown 21% 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 | -0.80% | |
| Tech | 2.22% | |
| Software | 2.39% | |
| Application Software | 3.65% | |
| Systems Software | 0.30% | |
Industry PE
- Investors are most optimistic about the Application Software industry which is trading above its 3-year average PE ratio of 78.2x.
- Analysts are expecting annual earnings growth of 40.5%, which is higher than its past year's earnings decline of 33.6% per year.
- Investors are most pessimistic about the Systems Software industry, which is trading below its 3-year average of 76.1x.
Forecasted Growth
- Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 40% over the next 5 years.
- This is better than its past earnings decline of 34% per year.
- In contrast, the Systems Software industry is expected to see its earnings grow by 34% 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 | |
|---|---|---|---|---|---|
| QTCOM Qt Group Oyj | €53.64 | 6.3% +€81.2m | -47.1% | PE50.7x | |
| FSECURE F-Secure Oyj | €3.02 | 3.3% +€16.6m | n/a | PE41.4x | |
| TEM1V Tecnotree Oyj | €0.58 | 2.7% +€4.7m | -56.4% | PE13.4x | |
| EFECTE Efecte Oy | €11.00 | 2.8% +€1.9m | -11.3% | PE104.5x | |
| QPR1V QPR Software Oyj | €0.65 | 4.5% +€449.2k | -60.0% | PS1.3x |