Is Qt Group Oyj (HEL:QTCOM) Trading At A 38% Discount?
Dec 05
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Finnish (OMX) Application Software Industry Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies8
- 7D-4.4%
- 3M-24.1%
- 1Y-4.6%
- YTDn/a
Over the last 7 days, the Application Software industry has dropped 4.4%, driven by Qt Group Oyj declining 4.6%. Meanwhile, QPR Software Oyj actually outperformed within the industry, gaining 9.3% in the last week. However, the industry is down 4.6% over the past year. As for the next few years, earnings are expected to grow by 23% per annum.
Industry Valuation and Performance
Has the Finnish Application Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 21 Dec 2024 | €1.9b | €544.3m | €45.9m | 28.5x | 41.6x | 3.5x |
| Mon, 18 Nov 2024 | €2.0b | €543.4m | €44.4m | 23.1x | 44.2x | 3.6x |
| Wed, 16 Oct 2024 | €2.5b | €465.9m | €36.9m | 29.5x | 66.9x | 5.3x |
| Fri, 13 Sep 2024 | €2.5b | €546.9m | €39.9m | 24.3x | 62.6x | 4.6x |
| Sun, 11 Aug 2024 | €2.6b | €571.5m | €42.8m | 24.6x | 61.1x | 4.6x |
| Tue, 09 Jul 2024 | €2.4b | €566.3m | €39.3m | 32.3x | 60.7x | 4.2x |
| Thu, 06 Jun 2024 | €2.5b | €561.2m | €36.0m | 36.3x | 69.4x | 4.5x |
| Sat, 04 May 2024 | €2.2b | €561.2m | €36.0m | 32.7x | 62.3x | 4x |
| Mon, 01 Apr 2024 | €2.3b | €568.0m | €38.1m | 34.3x | 60.6x | 4.1x |
| Wed, 28 Feb 2024 | €2.4b | €567.5m | €38.4m | 35x | 61.4x | 4.2x |
| Fri, 26 Jan 2024 | €2.7b | €753.4m | €21.0m | 12x | 128.4x | 3.6x |
| Sun, 24 Dec 2023 | €2.7b | €753.4m | €21.0m | 11.6x | 126.2x | 3.5x |
| Tue, 21 Nov 2023 | €2.5b | €753.4m | €21.0m | 11x | 120.1x | 3.4x |
| Thu, 19 Oct 2023 | €2.1b | €733.5m | €19.9m | 11.2x | 106.7x | 2.9x |
| Sat, 16 Sep 2023 | €2.4b | €733.5m | €19.9m | 12.3x | 118.3x | 3.2x |
| Mon, 14 Aug 2023 | €2.5b | €737.4m | €16.1m | 12.6x | 155.1x | 3.4x |
| Wed, 12 Jul 2023 | €2.8b | €714.8m | €18.3m | 12.4x | 151.9x | 3.9x |
| Fri, 09 Jun 2023 | €3.1b | €714.8m | €18.3m | 12.6x | 171.3x | 4.4x |
| Sun, 07 May 2023 | €3.1b | €714.8m | €18.3m | 13.3x | 169.9x | 4.3x |
| Tue, 04 Apr 2023 | €2.7b | €703.3m | €17.2m | 13.5x | 156.4x | 3.8x |
| Thu, 02 Mar 2023 | €2.9b | €683.1m | €21.1m | 30.5x | 135.6x | 4.2x |
| Sat, 28 Jan 2023 | €2.5b | €662.4m | €16.2m | 40x | 153.6x | 3.8x |
| Mon, 26 Dec 2022 | €2.2b | €662.4m | €16.2m | 34x | 134.3x | 3.3x |
| Wed, 23 Nov 2022 | €2.3b | €660.6m | €17.4m | 37x | 132x | 3.5x |
| Fri, 21 Oct 2022 | €2.0b | €648.7m | €22.8m | 25.7x | 87x | 3.1x |
| Sun, 18 Sep 2022 | €2.1b | €647.6m | €22.8m | 31.4x | 90.7x | 3.2x |
| Tue, 16 Aug 2022 | €2.7b | €643.6m | €23.6m | 29.8x | 116.2x | 4.3x |
| Thu, 14 Jul 2022 | €2.9b | €626.6m | €36.0m | 26.8x | 80.7x | 4.6x |
| Sat, 11 Jun 2022 | €3.0b | €626.6m | €36.0m | 20.1x | 84.3x | 4.8x |
| Mon, 09 May 2022 | €3.1b | €626.6m | €36.0m | 19.7x | 87.1x | 5x |
| Wed, 06 Apr 2022 | €4.2b | €623.3m | €36.0m | 21.5x | 117.9x | 6.8x |
| Fri, 04 Mar 2022 | €3.7b | €623.5m | €36.0m | 19.9x | 103.4x | 6x |
| Sun, 30 Jan 2022 | €3.7b | €581.4m | €37.1m | 48.8x | 99.3x | 6.3x |
| Tue, 28 Dec 2021 | €4.9b | €581.4m | €37.1m | 52.6x | 131.1x | 8.4x |
Price to Earnings Ratio
131.1x
Current Industry PE
- Investors are pessimistic on the Finnish Application 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 41.6x which is lower than its 3-year average PE of 104x.
- The 3-year average PS ratio of 4.2x is higher than the industry's current PS ratio of 3.5x.
Past Earnings Growth
- The earnings for companies in the Application Software industry have grown 7.3% per year over the last three years.
- Meanwhile revenues for these companies have declined 2.2% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Comparison
How does Finnish Application Software compare with similar industries?
| FI Market | -2.40% | |
| Tech | -0.75% | |
| Software | -3.51% | |
| Application Software | -4.36% | |
| Systems Software | -2.07% | |
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 | |
|---|---|---|---|---|---|
| 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 | |
| SOLTEQ Solteq Oyj | €0.61 | 1.3% +€155.2k | -18.6% | PS0.2x |