Aker BP ASA (OB:AKRBP) Shares Could Be 29% Above Their Intrinsic Value Estimate
Today we will run through one way of estimating the intrinsic value of Aker BP ASA ( OB:AKRBP ) by projecting its...
Norwegian (OSEAX) Market Analysis & Valuation
UpdatedMay 23, 2022
DataAggregated Company Financials
Companies349
- 7D2.1%
- 3M5.0%
- 1Y12.3%
- YTD1.7%
The market has climbed 2.1% in the last 7 days, lead by the Energy sector with a gain of 2.2%. The market is up 12% over the last 12 months. As for the next few years, earnings are expected to grow by 1.2% per annum.
Market Valuation and Performance
Has the Norwegian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Mon, 23 May 2022 | kr4.1t | kr2.9t | kr249.0b | 13.4x |
| Wed, 20 Apr 2022 | kr4.3t | kr2.5t | kr196.1b | 14.8x |
| Fri, 18 Mar 2022 | kr4.0t | kr2.5t | kr201.3b | 13.9x |
| Sun, 13 Feb 2022 | kr4.0t | kr2.4t | kr181.6b | 14.8x |
| Tue, 11 Jan 2022 | kr4.0t | kr2.2t | kr152.1b | 15.3x |
| Thu, 09 Dec 2021 | kr3.6t | kr2.1t | kr128.7b | 15.1x |
| Sat, 06 Nov 2021 | kr4.0t | kr2.1t | kr146.1b | 14.1x |
| Mon, 04 Oct 2021 | kr3.8t | kr2.0t | kr118.2b | 13.3x |
| Wed, 01 Sep 2021 | kr3.6t | kr2.0t | kr116.0b | 13x |
| Thu, 08 Jul 2021 | kr3.2t | kr1.9t | kr95.3b | 12.1x |
| Wed, 31 Mar 2021 | kr3.0t | kr1.8t | kr46.6b | 13.3x |
| Sat, 02 Jan 2021 | kr2.7t | kr1.7t | kr607.1m | 14x |
| Tue, 06 Oct 2020 | kr2.3t | kr1.8t | -kr14,108,434,290.01 | 15.4x |
| Fri, 10 Jul 2020 | kr2.1t | kr1.8t | -kr13,539,238,582.94 | 12.8x |
| Thu, 02 Apr 2020 | kr1.9t | kr2.0t | kr19.1b | 11.4x |
| Sun, 05 Jan 2020 | kr2.5t | kr1.9t | kr77.9b | 14.8x |
| Wed, 09 Oct 2019 | kr2.4t | kr2.0t | kr104.0b | 13.3x |
| Tue, 02 Jul 2019 | kr2.4t | kr1.9t | kr138.3b | 14x |
Median PE Ratio
12.5x
Current Market PE
- Investors are relatively neutral on the market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 13.9x.
Past Earnings Growth
- The earnings for Norwegian listed companies have grown 23% per year over the last three years.
- Revenues for these companies have grown 15% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Norwegian Market?
| NO Market | 2.11% | |
| Healthcare | 5.69% | |
| Utilities | 4.81% | |
| Materials | 4.53% | |
| Consumer Staples | 2.52% | |
| Energy | 2.22% | |
| Telecom | 2.12% | |
| Industrials | 2.04% | |
| Tech | 1.19% | |
| Financials | 0.78% | |
| Real Estate | -1.34% | |
| Consumer Discretionary | -2.79% | |
Sector PE
- Investors are most optimistic about the Healthcare sector even though it's trading below its 3-year average PE ratio of 85.2x.
- This is likely because analysts are expecting annual earnings growth of 64%, which is higher than its past year's earnings growth of 15% per year.
- Investors are most pessimistic about the Real Estate sector, which is trading below its 3-year average of 10.6x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 64% over the next 5 years.
- This is better than its past earnings growth rate of 15% per year.
- In contrast, the Real Estate sector is expected to see its earnings decline by 47% 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 | Sector | |
|---|---|---|---|---|---|---|
| EQNR Equinor | kr337.80 | 2.0% +kr21.1b | 88.4% | PS9.7x | Energy | |
| NHY Norsk Hydro | kr75.16 | 7.9% +kr11.2b | 45.2% | PS9.6x | Materials | |
| DNB DNB Bank | kr189.25 | 2.9% +kr8.3b | n/a | PB1.2x | Financials | |
| AKRBP Aker BP | kr384.30 | 4.9% +kr6.5b | 57.4% | PS11.2x | Energy | |
| VAR Vår Energi | kr40.68 | 4.6% +kr4.4b | n/a | PS11.9x | Energy |