Telenor (OB:TEL) Will Pay A Larger Dividend Than Last Year At NOK4.40
Sep 19
Norwegian (OSEAX) Market Analysis & Valuation
UpdatedSep 24, 2023
DataAggregated Company Financials
Companies368
- 7D-0.1%
- 3M8.1%
- 1Y8.1%
- YTD2.3%
The Communication Services sector gained 15% while the market remained flat over the last week. More promisingly, the market is up 8.1% over the past year. As for the next few years, earnings are expected to grow by 8.9% per annum.
Market Valuation and Performance
Has the Norwegian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 24 Sep 2023 | kr4.1t | kr3.8t | kr417.8b | 10.5x | 9.7x | 1.1x |
| Tue, 22 Aug 2023 | kr3.9t | kr3.7t | kr421.1b | 10.3x | 9.2x | 1x |
| Thu, 20 Jul 2023 | kr3.8t | kr3.7t | kr452.9b | 10.6x | 8.3x | 1x |
| Sat, 17 Jun 2023 | kr3.9t | kr3.8t | kr498.2b | 11.5x | 7.9x | 1x |
| Mon, 15 May 2023 | kr3.9t | kr3.8t | kr549.2b | 11.8x | 7x | 1x |
| Wed, 12 Apr 2023 | kr3.9t | kr3.8t | kr507.8b | 11.9x | 7.8x | 1x |
| Fri, 10 Mar 2023 | kr4.0t | kr3.8t | kr557.5b | 11.9x | 7.2x | 1.1x |
| Sun, 05 Feb 2023 | kr4.0t | kr3.7t | kr499.1b | 11.5x | 8x | 1.1x |
| Tue, 03 Jan 2023 | kr4.0t | kr3.6t | kr486.1b | 11.7x | 8.2x | 1.1x |
| Thu, 01 Dec 2022 | kr4.1t | kr3.6t | kr485.8b | 11.2x | 8.4x | 1.1x |
| Sat, 29 Oct 2022 | kr4.0t | kr3.5t | kr398.5b | 11.9x | 10x | 1.1x |
| Mon, 26 Sep 2022 | kr3.8t | kr3.4t | kr390.9b | 12.2x | 9.6x | 1.1x |
| Wed, 24 Aug 2022 | kr4.3t | kr3.2t | kr363.2b | 12.1x | 11.9x | 1.4x |
| Fri, 22 Jul 2022 | kr4.0t | kr3.0t | kr293.0b | 12.5x | 13.6x | 1.3x |
| Sun, 19 Jun 2022 | kr4.0t | kr3.0t | kr297.4b | 12.9x | 13.4x | 1.3x |
| Tue, 17 May 2022 | kr4.0t | kr2.9t | kr248.2b | 13.2x | 16.2x | 1.4x |
| Thu, 14 Apr 2022 | kr4.3t | kr2.5t | kr194.7b | 14.8x | 22.1x | 1.7x |
| Sat, 12 Mar 2022 | kr4.0t | kr2.5t | kr203.4b | 13.8x | 19.7x | 1.6x |
| Mon, 07 Feb 2022 | kr4.0t | kr2.2t | kr147.7b | 15.2x | 26.8x | 1.8x |
| Wed, 05 Jan 2022 | kr3.7t | kr2.1t | kr128.7b | 15.3x | 29x | 1.7x |
| Fri, 03 Dec 2021 | kr3.6t | kr2.2t | kr129.7b | 14.2x | 27.4x | 1.6x |
| Sun, 31 Oct 2021 | kr3.9t | kr2.1t | kr144.4b | 14x | 27x | 1.9x |
| Tue, 28 Sep 2021 | kr3.7t | kr2.0t | kr117.9b | 13.3x | 31.4x | 1.9x |
| Thu, 26 Aug 2021 | kr3.6t | kr2.0t | kr116.0b | 13.1x | 31.4x | 1.8x |
| Fri, 02 Jul 2021 | kr3.2t | kr1.9t | kr95.3b | 12.1x | 33.9x | 1.7x |
| Mon, 05 Apr 2021 | kr3.0t | kr1.8t | kr46.6b | 13.3x | 64.3x | 1.7x |
| Thu, 07 Jan 2021 | kr2.7t | kr1.7t | kr607.1m | 14x | 4483.6x | 1.6x |
| Wed, 30 Sep 2020 | kr2.3t | kr1.8t | -kr14,108,434,290.01 | 15.4x | -163.1x | 1.3x |
Price to Earnings Ratio
-163.1x
Current Market PE
- Investors are pessimistic on the Norwegian market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 9.7x which is lower than its 3-year average PE of 714x.
Past Earnings Growth
- Total earnings for Norwegian listed companies have gone up over the last three years, and the market is now profitable.
- Revenues have grown 29% per year, driving the profits up.
Sector Trends
Which sectors have driven the changes within the Norwegian Market?
| NO Market | -0.11% | |
| Telecom | 15.17% | |
| Healthcare | 4.05% | |
| Consumer Discretionary | -0.29% | |
| Financials | -0.44% | |
| Materials | -0.74% | |
| Utilities | -0.90% | |
| Consumer Staples | -0.91% | |
| Real Estate | -1.66% | |
| Energy | -1.85% | |
| Tech | -2.26% | |
| Industrials | -2.33% | |
Sector PE
- Investors favour the Utilities sector the most for future growth even though it's trading below its 3-year average PE ratio of 181x.
- Analysts are expecting annual earnings decline of 13.5%, which is less than its past year's earnings decline of 96.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 74% over the next 5 years.
- This is better than its past earnings decline of 60% per year.
- In contrast, the Utilities sector is expected to see its earnings decline by 13% 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 | |
|---|---|---|---|---|---|---|
| ADE Adevinta | kr108.50 | 36.7% +kr35.5b | 69.9% | PS6.6x | Telecom | |
| SCHA Schibsted | kr247.70 | 17.8% +kr8.4b | 63.7% | PS3.6x | Telecom | |
| TEL Telenor | kr123.50 | 3.8% +kr6.3b | 18.9% | PE26.7x | Telecom | |
| HAFNI Hafnia | kr69.00 | 7.0% +kr2.3b | 64.7% | PE3.2x | Energy | |
| SSG Self Storage Group | kr39.40 | 71.3% +kr1.6b | 53.9% | PS9.1x | Industrials |
Market Insights
This week we are having a look at the diverse and interesting field of nanotechnology. We’re going to have a look at what it is in the first place, the types of nanotech applications, and how to invest in the space.
Continue reading
