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May 22
Finnish (OMX) Software Industry Analysis
UpdatedMay 29, 2024
DataAggregated Company Financials
Companies16
- 7D-0.3%
- 3M5.9%
- 1Y-4.6%
- YTD18.1%
Over the last 7 days, the Software industry has dropped 1.0%, driven by Qt Group Oyj declining 0.7%. On the other hand Lemonsoft Oyj is actually up 7.7%. However, the industry is down 5.3% over the past year. Looking forward, earnings are forecast to grow by 31% 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 |
|---|---|---|---|---|---|---|
| Wed, 29 May 2024 | €3.7b | €1.1b | €27.4m | 22.7x | 136x | 3.3x |
| Fri, 26 Apr 2024 | €3.3b | €1.1b | €31.3m | 20.9x | 104.8x | 2.9x |
| Sun, 24 Mar 2024 | €3.4b | €1.1b | €21.9m | 20.7x | 154.2x | 3x |
| Tue, 20 Feb 2024 | €3.5b | €1.1b | €27.7m | 22.8x | 126.8x | 3.1x |
| Thu, 18 Jan 2024 | €3.7b | €1.3b | €13.6m | 13.4x | 274.1x | 2.9x |
| Sat, 16 Dec 2023 | €3.7b | €1.3b | €13.6m | 13.2x | 275.7x | 2.9x |
| Mon, 13 Nov 2023 | €3.5b | €1.3b | €16.9m | 11.4x | 208.2x | 2.7x |
| Wed, 11 Oct 2023 | €3.3b | €1.3b | €20.4m | 18.2x | 159.3x | 2.6x |
| Fri, 08 Sep 2023 | €3.6b | €1.3b | €21.4m | 17.9x | 166.1x | 2.8x |
| Sun, 06 Aug 2023 | €3.8b | €1.3b | €23.9m | 22.8x | 158.2x | 3x |
| Tue, 04 Jul 2023 | €4.1b | €1.2b | €21.2m | 24.8x | 194.1x | 3.3x |
| Thu, 01 Jun 2023 | €4.5b | €1.2b | €23.7m | 25.7x | 189.6x | 3.6x |
| Sat, 29 Apr 2023 | €4.5b | €1.2b | €23.9m | 27.8x | 187.7x | 3.6x |
| Mon, 27 Mar 2023 | €4.1b | €1.2b | €21.8m | 26.9x | 188.4x | 3.3x |
| Wed, 22 Feb 2023 | €4.3b | €1.3b | €4.4m | 45x | 978.7x | 3.3x |
| Fri, 20 Jan 2023 | €3.7b | €1.4b | €38.5m | 40.9x | 96.2x | 2.6x |
| Sun, 18 Dec 2022 | €3.6b | €1.4b | €40.3m | 37.6x | 90.4x | 2.6x |
| Tue, 15 Nov 2022 | €4.0b | €1.4b | €40.3m | 38.5x | 99.9x | 2.9x |
| Thu, 13 Oct 2022 | €3.3b | €1.4b | €76.8m | 29.1x | 42.4x | 2.4x |
| Sat, 10 Sep 2022 | €3.8b | €1.4b | €76.8m | 33.7x | 49.3x | 2.8x |
| Mon, 08 Aug 2022 | €4.4b | €1.3b | €82.1m | 39.8x | 53.3x | 3.3x |
| Wed, 06 Jul 2022 | €4.5b | €1.1b | €51.3m | 47.4x | 87.8x | 4x |
| Fri, 03 Jun 2022 | €4.8b | €1.1b | €51.3m | 52.1x | 93.6x | 4.3x |
| Sun, 01 May 2022 | €5.1b | €1.1b | €53.4m | 49.9x | 96.2x | 4.6x |
| Tue, 29 Mar 2022 | €5.7b | €1.1b | €59.6m | 54.9x | 95.4x | 5.1x |
| Thu, 24 Feb 2022 | €5.2b | €1.1b | €60.6m | 50.8x | 86.1x | 4.8x |
| Sat, 22 Jan 2022 | €5.4b | €1.1b | €51.8m | 51.5x | 104.4x | 5.2x |
| Mon, 20 Dec 2021 | €6.4b | €943.6m | €56.0m | 56.8x | 113.6x | 6.7x |
| Wed, 17 Nov 2021 | €6.7b | €927.6m | €52.6m | 61.6x | 127.4x | 7.2x |
| Fri, 15 Oct 2021 | €7.1b | €914.0m | €59.2m | 59.9x | 119.3x | 7.7x |
| Sun, 12 Sep 2021 | €7.0b | €908.2m | €59.1m | 62.4x | 118.6x | 7.7x |
| Tue, 10 Aug 2021 | €6.7b | €908.2m | €59.1m | 59.7x | 112.6x | 7.3x |
Price to Earnings Ratio
100.1x
Current Industry PE
- Investors are optimistic on the Finnish Software industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 136x which is higher than its 3-year average PE of 129x.
- The 3-year average PS ratio of 4.1x is higher than the industry's current PS ratio of 3.3x.
Past Earnings Growth
- The earnings for companies in the Software industry have declined 21% per year over the last three years.
- Meanwhile revenues for these companies have grown 9.0% 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 | -0.58% | |
| Tech | 0.48% | |
| Software | -0.29% | |
| Systems Software | 0.54% | |
| Application Software | -0.70% | |
Industry PE
- Investors are most optimistic about the Application Software industry even though it's trading below its 3-year average PE ratio of 115x.
- Analysts are expecting annual earnings growth of 26.9%, which is higher than its past year's earnings growth of 3.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 38% over the next 5 years.
- This is better than its past earnings decline of 21% per year.
- In contrast, the Application Software industry is expected to see its earnings grow by 27% 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 | |
|---|---|---|---|---|---|
| FSECURE F-Secure Oyj | €2.09 | 2.7% +€9.6m | -23.3% | PE17.2x | |
| LEMON Lemonsoft Oyj | €6.14 | 7.7% +€8.2m | -15.9% | PE22.7x | |
| WITH WithSecure Oyj | €1.08 | 2.9% +€5.3m | -25.6% | PS1.3x | |
| TEM1V Tecnotree Oyj | €5.38 | 1.8% +€1.5m | -39.0% | PE7.8x | |
| HEEROS Heeros Oyj | €3.10 | 9.2% +€1.4m | -24.9% | PE93.9x |
