Is Qt Group Oyj (HEL:QTCOM) Trading At A 38% Discount?
Dec 05
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Finnish (OMX) Software Industry Analysis
UpdatedDec 22, 2024
DataAggregated Company Financials
Companies15
- 7D-3.5%
- 3M-19.0%
- 1Y-3.4%
- YTD-1.5%
Over the last 7 days, the Software industry has dropped 3.5%, driven by Qt Group Oyj declining 4.6%. However, the industry is down 3.4% over the past year. Looking forward, earnings are forecast to grow by 29% annually.
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 |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | €3.1b | €1.1b | €40.8m | 35.5x | 74.9x | 2.7x |
| Tue, 19 Nov 2024 | €3.1b | €1.1b | €39.2m | 25.7x | 79.2x | 2.7x |
| Thu, 17 Oct 2024 | €3.7b | €1.1b | €37.7m | 33.8x | 98.2x | 3.5x |
| Sat, 14 Sep 2024 | €3.7b | €1.1b | €41.4m | 28.3x | 89.9x | 3.3x |
| Mon, 12 Aug 2024 | €3.9b | €1.2b | €41.8m | 28.5x | 93.1x | 3.4x |
| Wed, 10 Jul 2024 | €3.6b | €1.1b | €30.6m | 25.1x | 116.8x | 3.1x |
| Fri, 07 Jun 2024 | €3.8b | €1.1b | €30.6m | 23.8x | 124.5x | 3.3x |
| Sun, 05 May 2024 | €3.5b | €1.1b | €27.4m | 22.1x | 126.2x | 3x |
| Tue, 02 Apr 2024 | €3.5b | €1.1b | €21.9m | 20.3x | 158.2x | 3.1x |
| Thu, 29 Feb 2024 | €3.5b | €1.1b | €20.6m | 25.6x | 170.9x | 3.1x |
| Sat, 27 Jan 2024 | €3.9b | €1.3b | €12.8m | 13.8x | 304.7x | 3x |
| Mon, 25 Dec 2023 | €3.8b | €1.3b | €13.6m | 13.5x | 280.9x | 2.9x |
| Wed, 22 Nov 2023 | €3.6b | €1.3b | €16.9m | 11.8x | 212.2x | 2.8x |
| Fri, 20 Oct 2023 | €3.1b | €1.3b | €15.0m | 18.7x | 205.7x | 2.4x |
| Sun, 17 Sep 2023 | €3.4b | €1.3b | €21.4m | 17.1x | 156.9x | 2.6x |
| Tue, 15 Aug 2023 | €3.7b | €1.3b | €22.7m | 22.8x | 161.8x | 2.9x |
| Thu, 13 Jul 2023 | €4.0b | €1.2b | €21.2m | 23.8x | 187.5x | 3.2x |
| Sat, 10 Jun 2023 | €4.5b | €1.2b | €21.2m | 24.9x | 211.7x | 3.6x |
| Mon, 08 May 2023 | €4.6b | €1.2b | €23.7m | 28.2x | 192.5x | 3.7x |
| Wed, 05 Apr 2023 | €4.3b | €1.2b | €21.8m | 29.1x | 199.4x | 3.5x |
| Fri, 03 Mar 2023 | €4.4b | €1.2b | €20.8m | 28.8x | 210.7x | 3.6x |
| Sun, 29 Jan 2023 | €3.9b | €1.4b | €38.5m | 41.1x | 102.2x | 2.8x |
| Tue, 27 Dec 2022 | €3.6b | €1.4b | €39.1m | 38.4x | 91.6x | 2.5x |
| Thu, 24 Nov 2022 | €3.8b | €1.4b | €40.3m | 39.7x | 94.5x | 2.7x |
| Sat, 22 Oct 2022 | €3.4b | €1.4b | €73.7m | 29.5x | 45.6x | 2.5x |
| Mon, 19 Sep 2022 | €3.6b | €1.4b | €76.8m | 32.8x | 46.7x | 2.6x |
| Wed, 17 Aug 2022 | €4.4b | €1.3b | €80.5m | 38.2x | 54.6x | 3.3x |
| Fri, 15 Jul 2022 | €4.5b | €1.1b | €51.9m | 48.5x | 85.9x | 4x |
| Sun, 12 Jun 2022 | €4.7b | €1.1b | €51.3m | 49.8x | 91.4x | 4.2x |
| Tue, 10 May 2022 | €4.6b | €1.1b | €51.3m | 45.8x | 89.6x | 4.1x |
| Thu, 07 Apr 2022 | €5.7b | €1.0b | €58.9m | 48.1x | 97.3x | 5.7x |
| Sat, 05 Mar 2022 | €5.2b | €1.1b | €62.0m | 51.8x | 84.3x | 4.7x |
| Mon, 31 Jan 2022 | €5.4b | €1.1b | €59.1m | 48.8x | 90.6x | 5.1x |
| Wed, 29 Dec 2021 | €6.6b | €943.6m | €56.0m | 57.4x | 118.5x | 7x |
Price to Earnings Ratio
118.5x
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 74.9x which is lower than its 3-year average PE of 127x.
- The 3-year average PS ratio of 3.4x is higher than the industry's current PS ratio of 2.7x.
Past Earnings Growth
- The earnings for companies in the Software industry have declined 10% per year over the last three years.
- Meanwhile revenues for these companies have grown 6.4% 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 | -2.40% | |
| Tech | -0.75% | |
| Software | -3.51% | |
| Systems Software | -2.07% | |
| Application Software | -4.36% | |
Industry PE
- Investors are most optimistic about the Application Software industry even though it's trading below its 3-year average PE ratio of 104x.
- Analysts are expecting annual earnings growth of 23.4%, which is lower than the prior year's growth of 49.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 37% over the next 5 years.
- This is better than its past earnings decline of 20% per year.
- In contrast, the Application Software industry is expected to see its earnings grow by 23% 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 | |
|---|---|---|---|---|---|
| SSH1V SSH Communications Security Oyj | €1.13 | 3.2% +€1.4m | -13.1% | PS2.2x | |
| QPR1V QPR Software Oyj | €0.73 | 9.3% +€1.1m | 120.7% | PS2.1x | |
| HEEROS Heeros Oyj | €5.50 | 1.9% +€536.1k | 48.6% | PE40.1x | |
| LOIHDE Loihde Oyj | €11.45 | 0.4% +€286.1k | -5.0% | PE35.5x | |
| SOLTEQ Solteq Oyj | €0.61 | 1.3% +€155.2k | -18.6% | PS0.2x |
